Can I retire at age 53 with 2,580,000?

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 $2,580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$213,054$211,156$209,305$207,497$205,733$201,332
2 years$105,472$103,508$101,604$99,758$97,968$93,556
3 years$69,616$67,644$65,745$63,916$62,155$57,869
4 years$51,692$49,725$47,845$46,048$44,329$40,203
5 years$40,940$38,985$37,130$35,369$33,699$29,743
6 years$33,775$31,834$30,006$28,285$26,664$22,884
7 years$28,658$26,734$24,936$23,255$21,685$18,080
8 years$24,823$22,916$21,147$19,508$17,990$14,560
9 years$21,841$19,953$18,214$16,616$15,150$11,892
10 years$19,457$17,587$15,880$14,323$12,909$9,820
11 years$17,508$15,657$13,980$12,466$11,102$8,178
12 years$15,885$14,053$12,407$10,934$9,621$6,857
13 years$14,513$12,700$11,085$9,653$8,389$5,781
14 years$13,338$11,544$9,960$8,569$7,354$4,896
15 years$12,320$10,545$8,992$7,642$6,475$4,163
16 years$11,430$9,675$8,153$6,843$5,723$3,550
17 years$10,646$8,910$7,419$6,148$5,074$3,035
18 years$9,950$8,234$6,772$5,541$4,512$2,600
19 years$9,328$7,631$6,200$5,006$4,021$2,232
20 years$8,769$7,091$5,690$4,534$3,592$1,919
21 years$8,263$6,605$5,234$4,115$3,214$1,652
22 years$7,804$6,166$4,824$3,742$2,881$1,424
23 years$7,386$5,766$4,454$3,408$2,586$1,229
24 years$7,003$5,403$4,119$3,108$2,325$1,061
25 years$6,652$5,070$3,815$2,838$2,092$917
26 years$6,328$4,765$3,538$2,595$1,884$793
27 years$6,028$4,485$3,285$2,375$1,699$686
28 years$5,750$4,226$3,054$2,176$1,533$594
29 years$5,492$3,987$2,842$1,996$1,384$514
30 years$5,252$3,765$2,647$1,832$1,251$445
31 years$5,027$3,559$2,468$1,682$1,131$386
32 years$4,817$3,368$2,303$1,546$1,023$334
33 years$4,620$3,189$2,150$1,422$926$290
34 years$4,436$3,023$2,009$1,308$838$251
35 years$4,262$2,867$1,878$1,204$759$218
36 years$4,098$2,721$1,757$1,109$688$189
37 years$3,943$2,584$1,645$1,022$623$164
38 years$3,797$2,456$1,540$942$565$142
39 years$3,658$2,336$1,443$868$512$123
40 years$3,527$2,222$1,352$801$465$107
41 years$3,403$2,115$1,268$739$422$93
42 years$3,285$2,014$1,190$682$383$81
43 years$3,172$1,919$1,116$630$347$70
44 years$3,065$1,830$1,048$581$315$61
45 years$2,963$1,745$984$537$286$53
46 years$2,866$1,664$924$496$260$46
47 years$2,774$1,588$868$458$236$40
48 years$2,685$1,516$816$423$214$34
49 years$2,600$1,448$767$391$195$30
50 years$2,519$1,383$721$362$177$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,580,000, adding $3,553 every year, while hoping to spend $51,389 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: 84/10/6 Blend
52$2,580,000$2,580,000$2,580,000$2,580,000
53$2,846,825$2,710,085$2,670,095$3,084,770
54$3,082,524$2,788,202$2,704,866$3,318,704
55$3,340,541$2,868,424$2,739,079$3,568,242
56$3,623,100$2,950,800$2,772,661$3,840,689
57$3,932,647$3,035,380$2,805,537$4,138,312
58$4,271,878$3,122,215$2,837,623$4,463,604
59$4,643,760$3,211,354$2,868,834$4,819,315
60$5,051,563$3,302,850$2,899,080$5,208,470
61$5,498,888$3,396,755$2,928,264$5,634,402
62$5,989,700$3,493,121$2,956,286$6,100,781
63$6,528,367$3,592,001$2,983,039$6,611,650
64$7,119,701$3,693,450$3,008,412$7,171,463
65$7,769,003$3,797,522$3,032,286$7,785,123
66$8,482,111$3,904,270$3,054,537$8,458,035
67$9,265,457$4,013,750$3,075,035$9,196,150
68$10,126,126$4,126,017$3,093,642$10,006,024
69$11,071,926$4,241,126$3,110,213$10,894,880
70$12,111,454$4,359,133$3,124,597$11,870,675
71$13,254,185$4,480,093$3,136,633$12,942,175
72$14,510,556$4,604,062$3,146,155$14,119,038
73$15,892,068$4,731,096$3,152,986$15,411,904
74$17,411,389$4,861,249$3,156,941$16,832,495
75$19,082,477$4,994,578$3,157,826$18,393,726
76$20,920,714$5,131,136$3,155,437$20,109,827
77$22,943,043$5,270,978$3,149,560$21,996,477
78$25,168,135$5,414,157$3,139,972$24,070,951
79$27,616,560$5,560,727$3,126,437$26,352,281
80$30,310,985$5,710,738$3,108,708$28,861,439
81$33,276,384$5,864,243$3,086,528$31,621,534
82$36,540,274$6,021,290$3,059,626$34,658,027
83$40,132,977$6,181,928$3,027,719$37,998,972
84$44,087,902$6,346,203$2,990,508$41,675,284
85$48,441,862$6,514,161$2,947,684$45,721,025
86$53,235,421$6,685,844$2,898,920$50,173,729
87$58,513,276$6,861,293$2,843,877$55,074,756
88$64,324,680$7,040,546$2,782,196$60,469,679
89$70,723,903$7,223,638$2,713,505$66,408,716
90$77,770,747$7,410,602$2,637,414$72,947,205
91$85,531,109$7,601,467$2,553,513$80,146,123
92$94,077,601$7,796,259$2,461,375$88,072,663
93$103,490,239$7,994,998$2,360,554$96,800,868
94$113,857,193$8,197,702$2,250,582$106,412,328
95$125,275,621$8,404,384$2,130,971$116,996,954
96$137,852,586$8,615,051$2,001,210$128,653,820
97$151,706,066$8,829,704$1,860,766$141,492,104
98$166,966,064$9,048,339$1,709,081$155,632,113
99$183,775,841$9,270,946$1,545,574$171,206,424
100$202,293,260$9,497,506$1,369,635$188,361,129