Can I retire at age 53 with 2,380,000?

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 $2,380,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$196,538$194,788$193,080$191,412$189,785$186,871
2 years$97,296$95,484$93,728$92,025$90,374$87,446
3 years$64,220$62,400$60,648$58,961$57,337$54,485
4 years$47,685$45,871$44,136$42,478$40,893$38,140
5 years$37,766$35,963$34,252$32,627$31,086$28,439
6 years$31,156$29,367$27,680$26,092$24,597$22,060
7 years$26,437$24,662$23,003$21,452$20,004$17,577
8 years$22,899$21,140$19,508$17,996$16,596$14,278
9 years$20,148$18,406$16,802$15,328$13,976$11,767
10 years$17,949$16,224$14,649$13,213$11,908$9,806
11 years$16,151$14,443$12,896$11,499$10,241$8,244
12 years$14,654$12,964$11,445$10,086$8,875$6,980
13 years$13,388$11,715$10,226$8,905$7,739$5,944
14 years$12,304$10,649$9,188$7,905$6,784$5,085
15 years$11,365$9,728$8,295$7,050$5,973$4,368
16 years$10,544$8,925$7,521$6,312$5,279$3,764
17 years$9,821$8,220$6,844$5,671$4,681$3,253
18 years$9,179$7,595$6,247$5,111$4,162$2,818
19 years$8,605$7,039$5,719$4,618$3,710$2,446
20 years$8,089$6,541$5,249$4,183$3,314$2,127
21 years$7,623$6,093$4,828$3,796$2,965$1,852
22 years$7,199$5,688$4,450$3,452$2,658$1,615
23 years$6,814$5,319$4,108$3,143$2,386$1,409
24 years$6,460$4,984$3,800$2,867$2,145$1,231
25 years$6,136$4,677$3,519$2,618$1,930$1,077
26 years$5,837$4,396$3,264$2,394$1,738$942
27 years$5,561$4,137$3,031$2,191$1,567$825
28 years$5,305$3,898$2,818$2,008$1,414$723
29 years$5,066$3,678$2,622$1,841$1,277$634
30 years$4,845$3,473$2,442$1,690$1,154$556
31 years$4,638$3,283$2,277$1,552$1,043$487
32 years$4,444$3,107$2,124$1,426$944$428
33 years$4,262$2,942$1,983$1,311$854$375
34 years$4,092$2,788$1,853$1,207$773$330
35 years$3,931$2,645$1,733$1,111$700$289
36 years$3,780$2,510$1,621$1,023$634$254
37 years$3,637$2,384$1,517$943$575$223
38 years$3,502$2,266$1,421$869$521$196
39 years$3,375$2,155$1,331$801$473$172
40 years$3,254$2,050$1,248$739$429$151
41 years$3,139$1,951$1,170$682$389$133
42 years$3,030$1,858$1,097$629$353$117
43 years$2,926$1,771$1,030$581$320$103
44 years$2,828$1,688$967$536$291$90
45 years$2,734$1,609$908$495$264$80
46 years$2,644$1,535$852$457$240$70
47 years$2,559$1,465$801$423$218$61
48 years$2,477$1,399$753$391$198$54
49 years$2,399$1,336$707$361$180$48
50 years$2,324$1,276$665$334$163$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,380,000, adding $3,139 every year, while hoping to spend $59,448 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: 50/20/30 Blend
52$2,380,000$2,380,000$2,380,000$2,380,000
53$2,625,998$2,499,858$2,462,968$2,734,809
54$2,830,597$2,559,099$2,482,225$2,870,653
55$3,054,074$2,619,250$2,500,135$3,012,103
56$3,298,289$2,680,293$2,516,590$3,164,720
57$3,565,295$2,742,208$2,531,476$3,329,595
58$3,857,349$2,804,969$2,544,673$3,507,931
59$4,176,936$2,868,551$2,556,058$3,701,053
60$4,526,795$2,932,921$2,565,497$3,910,421
61$4,909,939$2,998,045$2,572,852$4,137,647
62$5,329,689$3,063,885$2,577,979$4,384,507
63$5,789,699$3,130,398$2,580,723$4,652,959
64$6,293,997$3,197,536$2,580,926$4,945,162
65$6,847,016$3,265,246$2,578,418$5,263,496
66$7,453,640$3,333,472$2,573,024$5,610,586
67$8,119,249$3,402,150$2,564,558$5,989,325
68$8,849,769$3,471,212$2,552,827$6,402,905
69$9,651,725$3,540,581$2,537,627$6,854,842
70$10,532,309$3,610,178$2,518,745$7,349,015
71$11,499,440$3,679,911$2,495,958$7,889,701
72$12,561,842$3,749,686$2,469,032$8,481,614
73$13,729,127$3,819,398$2,437,722$9,129,953
74$15,011,884$3,888,935$2,401,771$9,840,449
75$16,421,777$3,958,173$2,360,911$10,619,420
76$17,971,657$4,026,983$2,314,861$11,473,833
77$19,675,683$4,095,222$2,263,326$12,411,369
78$21,549,454$4,162,739$2,205,999$13,440,496
79$23,610,156$4,229,371$2,142,557$14,570,548
80$25,876,722$4,294,940$2,072,663$15,811,819
81$28,370,016$4,359,261$1,995,966$17,175,654
82$31,113,023$4,422,129$1,912,095$18,674,563
83$34,131,068$4,483,330$1,820,667$20,322,335
84$37,452,056$4,542,633$1,721,279$22,134,173
85$41,106,733$4,599,789$1,613,509$24,126,835
86$45,128,975$4,654,534$1,496,917$26,318,796
87$49,556,111$4,706,587$1,371,045$28,730,423
88$54,429,271$4,755,646$1,235,411$31,384,166
89$59,793,773$4,801,390$1,089,514$34,304,773
90$65,699,556$4,843,475$932,830$37,519,527
91$72,201,642$4,881,537$764,812$41,058,500
92$79,360,665$4,915,188$584,888$44,954,840
93$87,243,433$4,944,013$392,463$49,245,090
94$95,923,566$4,967,571$186,912$53,969,528
95$105,482,182$4,985,395$0$59,172,551
96$116,008,672$4,996,986$0$64,913,486
97$127,601,533$5,001,816$0$71,300,412
98$140,369,306$4,999,321$0$78,333,123
99$154,431,593$4,988,905$0$86,077,392
100$169,920,188$4,969,935$0$94,605,704