Can I retire at age 53 with 2,360,000?

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 $2,360,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$194,887$193,151$191,457$189,804$188,190$186,613
2 years$96,479$94,682$92,940$91,252$89,614$88,025
3 years$63,680$61,876$60,139$58,466$56,855$55,303
4 years$47,284$45,485$43,765$42,121$40,549$39,046
5 years$37,449$35,661$33,964$32,353$30,825$29,375
6 years$30,895$29,120$27,448$25,873$24,391$22,996
7 years$26,215$24,455$22,809$21,272$19,836$18,497
8 years$22,706$20,962$19,344$17,844$16,456$15,172
9 years$19,979$18,251$16,661$15,199$13,858$12,630
10 years$17,798$16,088$14,525$13,102$11,808$10,634
11 years$16,015$14,322$12,788$11,403$10,155$9,035
12 years$14,531$12,855$11,349$10,002$8,800$7,733
13 years$13,275$11,617$10,140$8,830$7,674$6,658
14 years$12,200$10,559$9,110$7,838$6,727$5,761
15 years$11,269$9,646$8,226$6,990$5,923$5,006
16 years$10,456$8,850$7,458$6,259$5,235$4,365
17 years$9,738$8,151$6,786$5,624$4,642$3,817
18 years$9,102$7,532$6,195$5,068$4,127$3,347
19 years$8,532$6,980$5,671$4,580$3,679$2,942
20 years$8,021$6,486$5,205$4,148$3,286$2,590
21 years$7,559$6,042$4,787$3,764$2,940$2,284
22 years$7,139$5,640$4,412$3,423$2,636$2,017
23 years$6,756$5,275$4,074$3,117$2,366$1,784
24 years$6,406$4,942$3,768$2,843$2,127$1,579
25 years$6,084$4,638$3,490$2,596$1,914$1,400
26 years$5,788$4,359$3,236$2,374$1,724$1,241
27 years$5,514$4,102$3,005$2,173$1,554$1,102
28 years$5,260$3,866$2,794$1,991$1,402$979
29 years$5,024$3,647$2,600$1,826$1,266$870
30 years$4,804$3,444$2,422$1,675$1,144$773
31 years$4,599$3,256$2,258$1,539$1,034$688
32 years$4,407$3,080$2,106$1,414$936$612
33 years$4,226$2,917$1,967$1,300$847$545
34 years$4,057$2,765$1,838$1,197$767$485
35 years$3,898$2,622$1,718$1,101$694$432
36 years$3,748$2,489$1,607$1,014$629$385
37 years$3,607$2,364$1,504$935$570$343
38 years$3,473$2,247$1,409$862$517$306
39 years$3,346$2,136$1,320$794$469$273
40 years$3,226$2,033$1,237$733$425$243
41 years$3,113$1,935$1,160$676$386$217
42 years$3,005$1,843$1,088$624$350$194
43 years$2,902$1,756$1,021$576$318$173
44 years$2,804$1,674$958$532$288$154
45 years$2,711$1,596$900$491$262$137
46 years$2,622$1,522$845$454$238$123
47 years$2,537$1,453$794$419$216$109
48 years$2,456$1,387$746$387$196$98
49 years$2,378$1,324$701$358$178$87
50 years$2,304$1,265$659$331$162$78

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,360,000, adding $5,306 every year, while hoping to spend $39,386 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: 49/21/30 Blend
52$2,360,000$2,360,000$2,360,000$2,360,000
53$2,606,193$2,481,113$2,444,533$2,711,399
54$2,830,118$2,560,781$2,484,519$2,865,594
55$3,075,564$2,643,033$2,524,524$3,028,745
56$3,344,684$2,727,954$2,564,507$3,205,264
57$3,639,849$2,815,631$2,604,425$3,396,437
58$3,963,672$2,906,155$2,644,232$3,603,681
59$4,319,031$2,999,621$2,683,878$3,828,554
60$4,709,094$3,096,125$2,723,311$4,072,774
61$5,137,355$3,195,768$2,762,475$4,338,231
62$5,607,658$3,298,653$2,801,310$4,627,006
63$6,124,239$3,404,888$2,839,755$4,941,391
64$6,691,768$3,514,583$2,877,742$5,283,911
65$7,315,384$3,627,854$2,915,202$5,657,344
66$8,000,752$3,744,818$2,952,060$6,064,754
67$8,754,112$3,865,597$2,988,238$6,509,511
68$9,582,340$3,990,320$3,023,652$6,995,332
69$10,493,009$4,119,116$3,058,215$7,526,307
70$11,494,464$4,252,121$3,091,834$8,106,944
71$12,595,899$4,389,475$3,124,410$8,742,207
72$13,807,445$4,531,323$3,155,842$9,437,568
73$15,140,261$4,677,814$3,186,019$10,199,051
74$16,606,645$4,829,104$3,214,828$11,033,296
75$18,220,145$4,985,353$3,242,147$11,947,617
76$19,995,690$5,146,726$3,267,850$12,950,072
77$21,949,730$5,313,395$3,291,802$14,049,540
78$24,100,387$5,485,536$3,313,862$15,255,802
79$26,467,633$5,663,334$3,333,883$16,579,637
80$29,073,472$5,846,977$3,351,708$18,032,921
81$31,942,149$6,036,662$3,367,174$19,628,738
82$35,100,382$6,232,593$3,380,108$21,381,507
83$38,577,609$6,434,978$3,390,329$23,307,114
84$42,406,268$6,644,035$3,397,648$25,423,064
85$46,622,104$6,859,988$3,401,866$27,748,646
86$51,264,502$7,083,071$3,402,771$30,305,115
87$56,376,863$7,313,524$3,400,146$33,115,891
88$62,007,012$7,551,595$3,393,760$36,206,781
89$68,207,646$7,797,543$3,383,371$39,606,225
90$75,036,837$8,051,633$3,368,724$43,345,559
91$82,558,574$8,314,143$3,349,556$47,459,315
92$90,843,369$8,585,356$3,325,587$51,985,545
93$99,968,924$8,865,570$3,296,525$56,966,181
94$110,020,860$9,155,089$3,262,065$62,447,431
95$121,093,530$9,454,230$3,221,886$68,480,212
96$133,290,904$9,763,322$3,175,654$75,120,637
97$146,727,555$10,082,703$3,123,016$82,430,537
98$161,529,734$10,412,724$3,063,606$90,478,050
99$177,836,568$10,753,749$2,997,038$99,338,263
100$195,801,371$11,106,155$2,922,911$109,093,920