Can I retire at age 53 with 2,550,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $2,550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$210,577$208,701$206,871$205,085$203,341$201,890
2 years$104,246$102,304$100,423$98,598$96,829$95,366
3 years$68,807$66,857$64,980$63,173$61,432$60,003
4 years$51,091$49,147$47,289$45,513$43,814$42,428
5 years$40,464$38,532$36,698$34,958$33,307$31,969
6 years$33,382$31,464$29,658$27,956$26,354$25,067
7 years$28,325$26,424$24,646$22,984$21,433$20,197
8 years$24,534$22,650$20,901$19,281$17,781$16,595
9 years$21,587$19,721$18,002$16,423$14,974$13,838
10 years$19,231$17,383$15,695$14,157$12,759$11,673
11 years$17,305$15,475$13,818$12,321$10,973$9,936
12 years$15,701$13,889$12,263$10,807$9,509$8,520
13 years$14,344$12,552$10,956$9,541$8,292$7,350
14 years$13,183$11,409$9,844$8,469$7,269$6,372
15 years$12,177$10,423$8,888$7,553$6,400$5,548
16 years$11,297$9,563$8,058$6,763$5,656$4,847
17 years$10,522$8,807$7,332$6,077$5,015$4,248
18 years$9,834$8,138$6,694$5,476$4,459$3,733
19 years$9,219$7,542$6,128$4,948$3,975$3,288
20 years$8,667$7,009$5,624$4,482$3,550$2,901
21 years$8,167$6,528$5,173$4,067$3,177$2,564
22 years$7,714$6,094$4,767$3,698$2,848$2,270
23 years$7,300$5,699$4,402$3,368$2,556$2,012
24 years$6,922$5,340$4,071$3,072$2,298$1,785
25 years$6,574$5,011$3,771$2,805$2,068$1,586
26 years$6,254$4,710$3,497$2,565$1,862$1,410
27 years$5,958$4,433$3,247$2,348$1,679$1,254
28 years$5,683$4,177$3,019$2,151$1,515$1,117
29 years$5,428$3,940$2,809$1,973$1,368$995
30 years$5,191$3,721$2,617$1,810$1,236$887
31 years$4,969$3,518$2,439$1,663$1,118$791
32 years$4,761$3,328$2,276$1,528$1,011$705
33 years$4,567$3,152$2,125$1,405$915$629
34 years$4,384$2,988$1,986$1,293$828$562
35 years$4,212$2,834$1,856$1,190$750$502
36 years$4,050$2,690$1,737$1,096$680$448
37 years$3,897$2,554$1,625$1,010$616$401
38 years$3,753$2,428$1,522$931$559$358
39 years$3,616$2,308$1,426$858$507$320
40 years$3,486$2,196$1,337$792$459$286
41 years$3,363$2,091$1,253$730$417$256
42 years$3,247$1,991$1,176$674$378$229
43 years$3,135$1,897$1,103$622$343$205
44 years$3,030$1,808$1,036$575$312$183
45 years$2,929$1,724$972$531$283$164
46 years$2,833$1,645$913$490$257$146
47 years$2,741$1,570$858$453$233$131
48 years$2,654$1,499$806$418$212$117
49 years$2,570$1,431$758$387$192$105
50 years$2,490$1,367$713$357$175$94

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,550,000, adding $3,705 every year, while hoping to spend $45,465 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 43/35/22 Blend
52$2,550,000$2,550,000$2,550,000$2,550,000
53$2,813,922$2,678,772$2,639,247$2,916,740
54$3,052,567$2,761,657$2,679,287$3,072,929
55$3,314,031$2,847,080$2,719,145$3,237,356
56$3,600,592$2,935,117$2,758,766$3,414,585
57$3,914,761$3,025,846$2,798,094$3,605,821
58$4,259,303$3,119,349$2,837,066$3,812,391
59$4,637,263$3,215,709$2,875,619$4,035,753
60$5,051,996$3,315,010$2,913,684$4,277,514
61$5,507,196$3,417,342$2,951,189$4,539,439
62$6,006,933$3,522,795$2,988,057$4,823,474
63$6,555,691$3,631,462$3,024,207$5,131,758
64$7,158,407$3,743,440$3,059,554$5,466,648
65$7,820,523$3,858,826$3,094,007$5,830,738
66$8,548,031$3,977,724$3,127,471$6,226,883
67$9,347,534$4,100,236$3,159,845$6,658,228
68$10,226,305$4,226,471$3,191,023$7,128,235
69$11,192,359$4,356,539$3,220,894$7,640,716
70$12,254,525$4,490,554$3,249,338$8,199,871
71$13,422,528$4,628,633$3,276,233$8,810,323
72$14,707,086$4,770,896$3,301,447$9,477,165
73$16,120,006$4,917,467$3,324,842$10,206,006
74$17,674,297$5,068,473$3,346,275$11,003,025
75$19,384,292$5,224,045$3,365,591$11,875,027
76$21,265,783$5,384,317$3,382,633$12,829,510
77$23,336,173$5,549,428$3,397,230$13,874,730
78$25,614,632$5,719,519$3,409,207$15,019,786
79$28,122,286$5,894,738$3,418,378$16,274,699
80$30,882,413$6,075,233$3,424,547$17,650,510
81$33,920,659$6,261,160$3,427,509$19,159,384
82$37,265,287$6,452,677$3,427,051$20,814,720
83$40,947,434$6,649,947$3,422,946$22,631,286
84$45,001,416$6,853,137$3,414,957$24,625,346
85$49,465,039$7,062,420$3,402,838$26,814,826
86$54,379,967$7,277,972$3,386,326$29,219,472
87$59,792,107$7,499,976$3,365,151$31,861,043
88$65,752,044$7,728,617$3,339,026$34,763,515
89$72,315,521$7,964,088$3,307,652$37,953,303
90$79,543,961$8,206,585$3,270,715$41,459,514
91$87,505,047$8,456,310$3,227,887$45,314,221
92$96,273,364$8,713,472$3,178,823$49,552,766
93$105,931,098$8,978,282$3,123,164$54,214,088
94$116,568,813$9,250,961$3,060,533$59,341,098
95$128,286,306$9,531,732$2,990,535$64,981,079
96$141,193,548$9,820,826$2,912,757$71,186,134
97$155,411,724$10,118,481$2,826,769$78,013,674
98$171,074,372$10,424,938$2,732,117$85,526,967
99$188,328,645$10,740,447$2,628,330$93,795,725
100$207,336,701$11,065,263$2,514,913$102,896,773