Can I retire at age 53 with 2,370,000?

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 $2,370,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$195,712$193,969$192,268$190,608$188,987$183,896
2 years$96,887$95,083$93,334$91,639$89,994$84,901
3 years$63,950$62,138$60,393$58,714$57,096$52,161
4 years$47,484$45,678$43,951$42,300$40,721$35,982
5 years$37,608$35,812$34,108$32,490$30,956$26,425
6 years$31,025$29,243$27,564$25,983$24,494$20,176
7 years$26,326$24,558$22,906$21,362$19,920$15,816
8 years$22,802$21,051$19,426$17,920$16,526$12,632
9 years$20,064$18,329$16,732$15,264$13,917$10,231
10 years$17,874$16,156$14,587$13,158$11,858$8,375
11 years$16,083$14,383$12,842$11,451$10,198$6,913
12 years$14,592$12,909$11,397$10,044$8,838$5,743
13 years$13,332$11,666$10,183$8,867$7,707$4,797
14 years$12,252$10,604$9,149$7,872$6,756$4,024
15 years$11,317$9,687$8,260$7,020$5,948$3,388
16 years$10,500$8,888$7,489$6,286$5,257$2,860
17 years$9,780$8,185$6,815$5,648$4,661$2,421
18 years$9,140$7,564$6,221$5,090$4,145$2,053
19 years$8,569$7,010$5,695$4,599$3,694$1,744
20 years$8,055$6,514$5,227$4,165$3,300$1,484
21 years$7,591$6,067$4,808$3,780$2,953$1,264
22 years$7,169$5,664$4,431$3,437$2,647$1,077
23 years$6,785$5,297$4,091$3,130$2,376$919
24 years$6,433$4,963$3,784$2,855$2,136$785
25 years$6,110$4,658$3,504$2,607$1,922$671
26 years$5,813$4,377$3,250$2,384$1,731$574
27 years$5,537$4,120$3,018$2,182$1,561$491
28 years$5,282$3,882$2,806$1,999$1,408$420
29 years$5,045$3,662$2,611$1,833$1,272$359
30 years$4,824$3,458$2,432$1,683$1,149$308
31 years$4,618$3,269$2,267$1,545$1,039$263
32 years$4,425$3,094$2,115$1,420$940$226
33 years$4,244$2,930$1,975$1,306$850$193
34 years$4,074$2,777$1,845$1,202$770$166
35 years$3,915$2,634$1,725$1,106$697$142
36 years$3,764$2,500$1,614$1,019$632$122
37 years$3,622$2,374$1,511$939$573$104
38 years$3,488$2,256$1,415$865$519$89
39 years$3,361$2,145$1,325$798$471$77
40 years$3,240$2,041$1,242$736$427$66
41 years$3,126$1,943$1,165$679$387$56
42 years$3,017$1,851$1,093$626$352$48
43 years$2,914$1,763$1,025$578$319$41
44 years$2,816$1,681$963$534$290$36
45 years$2,722$1,603$904$493$263$30
46 years$2,633$1,529$849$456$239$26
47 years$2,548$1,459$797$421$217$22
48 years$2,466$1,393$749$389$197$19
49 years$2,388$1,330$704$359$179$16
50 years$2,314$1,271$662$332$162$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,370,000, adding $2,529 every year, while hoping to spend $54,758 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: 33/43/24 Blend
52$2,370,000$2,370,000$2,370,000$2,370,000
53$2,614,349$2,488,739$2,452,004$2,681,361
54$2,822,750$2,552,425$2,475,884$2,795,619
55$3,050,573$2,617,396$2,498,728$2,913,557
56$3,299,741$2,683,658$2,520,445$3,039,564
57$3,572,372$2,751,214$2,540,937$3,174,387
58$3,870,797$2,820,067$2,560,101$3,318,849
59$4,197,583$2,890,215$2,577,830$3,473,858
60$4,555,558$2,961,657$2,594,009$3,640,412
61$4,947,836$3,034,390$2,608,520$3,819,613
62$5,377,847$3,108,406$2,621,236$4,012,675
63$5,849,366$3,183,697$2,632,027$4,220,933
64$6,366,554$3,260,251$2,640,752$4,445,862
65$6,933,993$3,338,053$2,647,268$4,689,084
66$7,556,729$3,417,087$2,651,420$4,952,390
67$8,240,322$3,497,330$2,653,049$5,237,752
68$8,990,894$3,578,759$2,651,985$5,547,343
69$9,815,192$3,661,345$2,648,053$5,883,562
70$10,720,645$3,745,054$2,641,067$6,249,049
71$11,715,441$3,829,852$2,630,832$6,646,716
72$12,808,596$3,915,695$2,617,145$7,079,774
73$14,010,045$4,002,537$2,599,793$7,551,762
74$15,330,735$4,090,325$2,578,550$8,066,582
75$16,782,722$4,179,003$2,553,184$8,628,534
76$18,379,291$4,268,506$2,523,447$9,242,359
77$20,135,080$4,358,764$2,489,084$9,913,286
78$22,066,213$4,449,699$2,449,824$10,647,078
79$24,190,459$4,541,227$2,405,385$11,450,086
80$26,527,394$4,633,254$2,355,473$12,329,316
81$29,098,585$4,725,680$2,299,778$13,292,490
82$31,927,797$4,818,396$2,237,977$14,348,119
83$35,041,216$4,911,280$2,169,733$15,505,590
84$38,467,692$5,004,205$2,094,691$16,775,247
85$42,239,015$5,097,030$2,012,481$18,168,498
86$46,390,213$5,189,602$1,922,718$19,697,916
87$50,959,882$5,281,760$1,824,996$21,377,363
88$55,990,550$5,373,327$1,718,894$23,222,122
89$61,529,078$5,464,112$1,603,969$25,249,038
90$67,627,102$5,553,911$1,479,760$27,476,683
91$74,341,519$5,642,506$1,345,784$29,925,531
92$81,735,025$5,729,659$1,201,539$32,618,151
93$89,876,705$5,815,120$1,046,498$35,579,421
94$98,842,684$5,898,616$880,111$38,836,767
95$108,716,848$5,979,859$701,805$42,420,423
96$119,591,631$6,058,536$510,980$46,363,714
97$131,568,891$6,134,318$307,011$50,703,378
98$144,760,866$6,206,848$89,245$55,479,911
99$159,291,240$6,275,749$0$60,737,950
100$175,296,302$6,340,616$0$66,563,360