"Time is running out."
Translation:Mir läuft die Zeit davon.
Is this idiom specific to oneself on the German side? (eg: "My time is running out" or "I am running out of time.") If so, the English side of this translation is lacking as I believe this is generally expressed to someone else in written form. (eg: "(Your) Time is running out.").
It can be used, but it is more typical (at least in the US) to say something like "I'm out of time" or " I am running out of time" when referring to your own time (which is also idiomatic :/).
In Time – "Deine Zeit läuft ab" is the Thriller with Justin Timberlake https://de.wikipedia.org/wiki/In_Time_%E2%80%93_Deine_Zeit_l%C3%A4uft_ab