Can I retire at age 53 with 2,560,000?

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 $2,560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$211,402$209,519$207,682$205,889$204,138$202,259
2 years$104,655$102,706$100,817$98,985$97,209$95,315
3 years$69,077$67,119$65,235$63,421$61,673$59,824
4 years$51,291$49,340$47,474$45,691$43,986$42,196
5 years$40,623$38,683$36,842$35,095$33,437$31,711
6 years$33,513$31,588$29,774$28,066$26,458$24,798
7 years$28,436$26,527$24,742$23,074$21,517$19,924
8 years$24,630$22,739$20,983$19,357$17,851$16,325
9 years$21,672$19,798$18,073$16,488$15,033$13,573
10 years$19,307$17,451$15,756$14,212$12,809$11,415
11 years$17,373$15,536$13,872$12,369$11,016$9,686
12 years$15,762$13,944$12,311$10,849$9,546$8,280
13 years$14,400$12,601$10,999$9,578$8,324$7,120
14 years$13,234$11,454$9,883$8,503$7,297$6,152
15 years$12,224$10,464$8,923$7,583$6,425$5,339
16 years$11,342$9,600$8,090$6,790$5,678$4,649
17 years$10,564$8,841$7,361$6,100$5,035$4,060
18 years$9,873$8,170$6,720$5,498$4,477$3,555
19 years$9,256$7,572$6,152$4,968$3,990$3,120
20 years$8,701$7,036$5,646$4,499$3,564$2,743
21 years$8,199$6,554$5,193$4,083$3,190$2,415
22 years$7,744$6,118$4,786$3,713$2,859$2,130
23 years$7,329$5,722$4,419$3,381$2,566$1,881
24 years$6,949$5,361$4,087$3,084$2,307$1,662
25 years$6,600$5,031$3,785$2,816$2,076$1,471
26 years$6,278$4,728$3,511$2,575$1,870$1,303
27 years$5,981$4,450$3,260$2,357$1,686$1,154
28 years$5,706$4,193$3,031$2,160$1,521$1,024
29 years$5,450$3,956$2,820$1,980$1,373$908
30 years$5,211$3,736$2,627$1,817$1,241$806
31 years$4,988$3,532$2,449$1,669$1,122$716
32 years$4,780$3,342$2,285$1,534$1,015$636
33 years$4,585$3,164$2,134$1,411$918$565
34 years$4,401$2,999$1,993$1,298$832$503
35 years$4,229$2,845$1,864$1,195$753$447
36 years$4,066$2,700$1,743$1,100$682$398
37 years$3,912$2,564$1,632$1,014$619$354
38 years$3,767$2,437$1,528$935$561$315
39 years$3,630$2,317$1,432$862$509$280
40 years$3,500$2,205$1,342$795$461$249
41 years$3,376$2,099$1,258$733$418$222
42 years$3,259$1,999$1,180$677$380$198
43 years$3,148$1,905$1,108$625$345$176
44 years$3,042$1,815$1,040$577$313$157
45 years$2,941$1,731$976$533$284$140
46 years$2,844$1,651$917$492$258$124
47 years$2,752$1,576$861$455$234$111
48 years$2,664$1,504$809$420$213$99
49 years$2,580$1,437$761$388$193$88
50 years$2,499$1,372$715$359$175$78

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,560,000, adding $4,469 every year, while hoping to spend $42,911 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: 65/8/27 Blend
52$2,560,000$2,560,000$2,560,000$2,560,000
53$2,825,730$2,690,050$2,650,370$2,989,026
54$3,068,297$2,776,205$2,693,500$3,186,027
55$3,334,168$2,865,144$2,736,637$3,396,086
56$3,625,675$2,956,958$2,779,736$3,624,741
57$3,945,385$3,051,740$2,822,748$3,873,827
58$4,296,127$3,149,587$2,865,623$4,145,364
59$4,681,016$3,250,602$2,908,306$4,441,577
60$5,103,485$3,354,886$2,950,739$4,764,917
61$5,567,313$3,462,549$2,992,862$5,118,083
62$6,076,665$3,573,699$3,034,608$5,504,050
63$6,636,127$3,688,453$3,075,910$5,926,095
64$7,250,754$3,806,929$3,116,695$6,387,826
65$7,926,111$3,929,249$3,156,884$6,893,219
66$8,668,332$4,055,539$3,196,397$7,446,656
67$9,484,172$4,185,931$3,235,147$8,052,964
68$10,381,076$4,320,560$3,273,043$8,717,459
69$11,367,244$4,459,566$3,309,988$9,446,002
70$12,451,711$4,603,092$3,345,881$10,245,047
71$13,644,431$4,751,290$3,380,614$11,121,709
72$14,956,372$4,904,312$3,414,073$12,083,824
73$16,399,618$5,062,319$3,446,140$13,140,028
74$17,987,482$5,225,476$3,476,689$14,299,837
75$19,734,634$5,393,953$3,505,587$15,573,737
76$21,657,237$5,567,927$3,532,695$16,973,280
77$23,773,100$5,747,580$3,557,865$18,511,199
78$26,101,846$5,933,102$3,580,943$20,201,521
79$28,665,097$6,124,686$3,601,767$22,059,706
80$31,486,677$6,322,536$3,620,166$24,102,789
81$34,592,836$6,526,858$3,635,960$26,349,540
82$38,012,501$6,737,870$3,648,961$28,820,646
83$41,777,545$6,955,794$3,658,970$31,538,899
84$45,923,088$7,180,861$3,665,778$34,529,419
85$50,487,829$7,413,310$3,669,168$37,819,886
86$55,514,413$7,653,387$3,668,911$41,440,801
87$61,049,828$7,901,348$3,664,764$45,425,778
88$67,145,853$8,157,457$3,656,476$49,811,858
89$73,859,545$8,421,987$3,643,783$54,639,860
90$81,253,775$8,695,220$3,626,406$59,954,765
91$89,397,823$8,977,450$3,604,054$65,806,143
92$98,368,034$9,268,978$3,576,422$72,248,618
93$108,248,533$9,570,117$3,543,192$79,342,389
94$119,132,021$9,881,191$3,504,027$87,153,791
95$131,120,653$10,202,535$3,458,578$95,755,927
96$144,326,997$10,534,496$3,406,477$105,229,357
97$158,875,096$10,877,432$3,347,339$115,662,857
98$174,901,644$11,231,714$3,280,763$127,154,259
99$192,557,270$11,597,727$3,206,328$139,811,375
100$212,007,964$11,975,868$3,123,592$153,753,014