Can I retire at age 53 with 2,590,000?

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 $2,590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$213,880$211,975$210,116$208,302$206,530$203,612
2 years$105,881$103,909$101,998$100,145$98,348$95,413
3 years$69,886$67,906$65,999$64,164$62,396$59,536
4 years$51,892$49,918$48,031$46,226$44,501$41,739
5 years$41,099$39,136$37,274$35,506$33,829$31,172
6 years$33,905$31,958$30,123$28,395$26,768$24,219
7 years$28,769$26,838$25,032$23,345$21,769$19,329
8 years$24,919$23,005$21,229$19,583$18,060$15,729
9 years$21,926$20,030$18,285$16,681$15,209$12,986
10 years$19,533$17,656$15,941$14,379$12,959$10,841
11 years$17,576$15,718$14,034$12,514$11,145$9,132
12 years$15,947$14,107$12,455$10,976$9,658$7,746
13 years$14,569$12,749$11,128$9,691$8,422$6,609
14 years$13,389$11,588$9,998$8,602$7,383$5,666
15 years$12,368$10,586$9,027$7,672$6,500$4,877
16 years$11,475$9,713$8,184$6,869$5,745$4,212
17 years$10,688$8,945$7,448$6,172$5,094$3,647
18 years$9,989$8,266$6,799$5,562$4,529$3,166
19 years$9,364$7,660$6,224$5,026$4,037$2,754
20 years$8,803$7,118$5,712$4,552$3,606$2,400
21 years$8,295$6,631$5,254$4,131$3,227$2,095
22 years$7,835$6,189$4,842$3,756$2,892$1,831
23 years$7,415$5,789$4,471$3,421$2,596$1,602
24 years$7,030$5,424$4,135$3,120$2,334$1,403
25 years$6,677$5,090$3,830$2,849$2,100$1,229
26 years$6,352$4,784$3,552$2,605$1,892$1,078
27 years$6,051$4,502$3,298$2,385$1,705$947
28 years$5,773$4,242$3,066$2,185$1,539$831
29 years$5,513$4,002$2,853$2,004$1,390$730
30 years$5,272$3,780$2,658$1,839$1,256$642
31 years$5,047$3,573$2,478$1,689$1,135$565
32 years$4,836$3,381$2,312$1,552$1,027$497
33 years$4,638$3,202$2,159$1,427$929$437
34 years$4,453$3,034$2,017$1,313$841$385
35 years$4,278$2,878$1,886$1,209$762$339
36 years$4,114$2,732$1,764$1,113$690$298
37 years$3,958$2,594$1,651$1,026$626$263
38 years$3,811$2,466$1,546$945$567$231
39 years$3,673$2,345$1,448$872$514$204
40 years$3,541$2,231$1,358$804$467$180
41 years$3,416$2,123$1,273$742$423$158
42 years$3,297$2,022$1,194$685$384$139
43 years$3,185$1,927$1,121$632$349$123
44 years$3,077$1,837$1,052$584$316$108
45 years$2,975$1,751$988$539$287$95
46 years$2,877$1,671$928$498$261$84
47 years$2,784$1,594$871$460$237$74
48 years$2,695$1,522$819$425$215$65
49 years$2,610$1,454$770$393$195$58
50 years$2,529$1,388$724$363$177$51

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,590,000, adding $2,916 every year, while hoping to spend $56,585 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: 54/35/11 Blend
52$2,590,000$2,590,000$2,590,000$2,590,000
53$2,857,188$2,719,918$2,679,773$3,003,295
54$3,088,415$2,792,988$2,709,339$3,175,881
55$3,341,331$2,867,742$2,738,000$3,357,235
56$3,618,088$2,944,202$2,765,664$3,553,293
57$3,921,056$3,022,392$2,792,237$3,765,465
58$4,252,846$3,102,331$2,817,619$3,995,300
59$4,616,331$3,184,040$2,841,704$4,244,503
60$5,014,678$3,267,539$2,864,382$4,514,954
61$5,451,371$3,352,844$2,885,535$4,808,719
62$5,930,250$3,439,973$2,905,040$5,128,077
63$6,455,545$3,528,941$2,922,768$5,475,533
64$7,031,913$3,619,761$2,938,583$5,853,851
65$7,664,484$3,712,446$2,952,341$6,266,071
66$8,358,910$3,807,004$2,963,893$6,715,543
67$9,121,415$3,903,444$2,973,080$7,205,956
68$9,958,858$4,001,771$2,979,737$7,741,375
69$10,878,793$4,101,989$2,983,689$8,326,276
70$11,889,541$4,204,098$2,984,754$8,965,591
71$13,000,270$4,308,095$2,982,740$9,664,754
72$14,221,081$4,413,974$2,977,444$10,429,750
73$15,563,100$4,521,728$2,968,657$11,267,173
74$17,038,586$4,631,342$2,956,157$12,184,288
75$18,661,045$4,742,801$2,939,712$13,189,102
76$20,445,358$4,856,085$2,919,078$14,290,433
77$22,407,918$4,971,167$2,894,001$15,498,000
78$24,566,789$5,088,017$2,864,214$16,822,510
79$26,941,873$5,206,602$2,829,437$18,275,762
80$29,555,098$5,326,879$2,789,376$19,870,758
81$32,430,623$5,448,801$2,743,726$21,621,823
82$35,595,071$5,572,317$2,692,165$23,544,742
83$39,077,773$5,697,365$2,634,358$25,656,911
84$42,911,049$5,823,879$2,569,951$27,977,498
85$47,130,510$5,951,784$2,498,579$30,527,626
86$51,775,397$6,080,995$2,419,856$33,330,572
87$56,888,945$6,211,422$2,333,379$36,411,986
88$62,518,797$6,342,961$2,238,727$39,800,133
89$68,717,451$6,475,503$2,135,461$43,526,164
90$75,542,752$6,608,924$2,023,119$47,624,405
91$83,058,441$6,743,090$1,901,223$52,132,682
92$91,334,757$6,877,855$1,769,268$57,092,683
93$100,449,093$7,013,061$1,626,730$62,550,347
94$110,486,735$7,148,536$1,473,059$68,556,299
95$121,541,659$7,284,091$1,307,684$75,166,329
96$133,717,422$7,419,525$1,130,005$82,441,921
97$147,128,135$7,554,618$939,397$90,450,828
98$161,899,545$7,689,134$735,206$99,267,719
99$178,170,215$7,822,819$516,752$108,974,880
100$196,092,836$7,955,396$283,323$119,662,993