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%15.5%
1 years$196,538$194,788$193,080$191,412$189,785$185,498
2 years$97,296$95,484$93,728$92,025$90,374$86,078
3 years$64,220$62,400$60,648$58,961$57,337$53,166
4 years$47,685$45,871$44,136$42,478$40,893$36,880
5 years$37,766$35,963$34,252$32,627$31,086$27,241
6 years$31,156$29,367$27,680$26,092$24,597$20,925
7 years$26,437$24,662$23,003$21,452$20,004$16,505
8 years$22,899$21,140$19,508$17,996$16,596$13,268
9 years$20,148$18,406$16,802$15,328$13,976$10,817
10 years$17,949$16,224$14,649$13,213$11,908$8,916
11 years$16,151$14,443$12,896$11,499$10,241$7,411
12 years$14,654$12,964$11,445$10,086$8,875$6,202
13 years$13,388$11,715$10,226$8,905$7,739$5,218
14 years$12,304$10,649$9,188$7,905$6,784$4,411
15 years$11,365$9,728$8,295$7,050$5,973$3,742
16 years$10,544$8,925$7,521$6,312$5,279$3,184
17 years$9,821$8,220$6,844$5,671$4,681$2,716
18 years$9,179$7,595$6,247$5,111$4,162$2,322
19 years$8,605$7,039$5,719$4,618$3,710$1,989
20 years$8,089$6,541$5,249$4,183$3,314$1,706
21 years$7,623$6,093$4,828$3,796$2,965$1,466
22 years$7,199$5,688$4,450$3,452$2,658$1,260
23 years$6,814$5,319$4,108$3,143$2,386$1,085
24 years$6,460$4,984$3,800$2,867$2,145$935
25 years$6,136$4,677$3,519$2,618$1,930$806
26 years$5,837$4,396$3,264$2,394$1,738$695
27 years$5,561$4,137$3,031$2,191$1,567$600
28 years$5,305$3,898$2,818$2,008$1,414$518
29 years$5,066$3,678$2,622$1,841$1,277$447
30 years$4,845$3,473$2,442$1,690$1,154$386
31 years$4,638$3,283$2,277$1,552$1,043$334
32 years$4,444$3,107$2,124$1,426$944$289
33 years$4,262$2,942$1,983$1,311$854$250
34 years$4,092$2,788$1,853$1,207$773$216
35 years$3,931$2,645$1,733$1,111$700$187
36 years$3,780$2,510$1,621$1,023$634$161
37 years$3,637$2,384$1,517$943$575$140
38 years$3,502$2,266$1,421$869$521$121
39 years$3,375$2,155$1,331$801$473$105
40 years$3,254$2,050$1,248$739$429$91
41 years$3,139$1,951$1,170$682$389$78
42 years$3,030$1,858$1,097$629$353$68
43 years$2,926$1,771$1,030$581$320$59
44 years$2,828$1,688$967$536$291$51
45 years$2,734$1,609$908$495$264$44
46 years$2,644$1,535$852$457$240$38
47 years$2,559$1,465$801$423$218$33
48 years$2,477$1,399$753$391$198$29
49 years$2,399$1,336$707$361$180$25
50 years$2,324$1,276$665$334$163$21

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 $4,897 every year, while hoping to spend $58,735 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: 48/40/12 Blend
52$2,380,000$2,380,000$2,380,000$2,380,000
53$2,627,811$2,501,671$2,464,781$2,745,024
54$2,833,354$2,561,760$2,484,858$2,886,353
55$3,057,894$2,622,824$2,503,638$3,033,221
56$3,303,307$2,684,849$2,521,018$3,191,363
57$3,571,657$2,747,820$2,536,885$3,361,851
58$3,865,218$2,811,715$2,551,122$3,545,867
59$4,186,494$2,876,513$2,563,609$3,744,708
60$4,538,242$2,942,187$2,574,215$3,959,808
61$4,923,496$3,008,708$2,582,805$4,192,742
62$5,345,601$3,076,043$2,589,237$4,445,247
63$5,808,237$3,144,154$2,593,361$4,719,237
64$6,315,460$3,213,000$2,595,021$5,016,820
65$6,871,735$3,282,536$2,594,053$5,340,319
66$7,481,982$3,352,709$2,590,283$5,692,294
67$8,151,617$3,423,465$2,583,531$6,075,563
68$8,886,610$3,494,742$2,573,607$6,493,236
69$9,693,532$3,566,473$2,560,311$6,948,735
70$10,579,626$3,638,584$2,543,435$7,445,836
71$11,552,868$3,710,995$2,522,760$7,988,696
72$12,622,046$3,783,619$2,498,058$8,581,900
73$13,796,840$3,856,361$2,469,088$9,230,498
74$15,087,914$3,929,119$2,435,599$9,940,058
75$16,507,017$4,001,782$2,397,327$10,716,715
76$18,067,093$4,074,229$2,353,998$11,567,232
77$19,782,402$4,146,332$2,305,322$12,499,063
78$21,668,655$4,217,950$2,250,998$13,520,420
79$23,743,162$4,288,934$2,190,711$14,640,360
80$26,024,994$4,359,122$2,124,130$15,868,862
81$28,535,164$4,428,339$2,050,909$17,216,924
82$31,296,824$4,496,401$1,970,687$18,696,672
83$34,335,482$4,563,106$1,883,087$20,321,466
84$37,679,243$4,628,241$1,787,713$22,106,035
85$41,359,077$4,691,576$1,684,152$24,066,615
86$45,409,106$4,752,866$1,571,974$26,221,096
87$49,866,926$4,811,848$1,450,727$28,589,202
88$54,773,967$4,868,242$1,319,940$31,192,671
89$60,175,874$4,921,749$1,179,121$34,055,461
90$66,122,948$4,972,049$1,027,756$37,203,982
91$72,670,610$5,018,802$865,308$40,667,340
92$79,879,933$5,061,644$691,216$44,477,619
93$87,818,210$5,100,187$504,895$48,670,180
94$96,559,592$5,134,022$305,734$53,283,997
95$106,185,789$5,162,707$93,095$58,362,029
96$116,786,837$5,185,778$0$63,951,624
97$128,461,950$5,202,736$0$70,122,103
98$141,320,455$5,213,056$0$76,927,683
99$155,482,822$5,216,177$0$84,419,922
100$171,081,802$5,211,502$0$92,668,788