Can I retire at age 53 with 2,390,000?

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 $2,390,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$197,364$195,606$193,891$192,217$190,582$189,222
2 years$97,705$95,885$94,122$92,412$90,753$89,382
3 years$64,490$62,662$60,903$59,209$57,578$56,238
4 years$47,885$46,063$44,322$42,657$41,065$39,766
5 years$37,925$36,114$34,396$32,765$31,217$29,964
6 years$31,287$29,490$27,797$26,202$24,701$23,494
7 years$26,548$24,766$23,099$21,542$20,088$18,929
8 years$22,995$21,229$19,590$18,071$16,665$15,554
9 years$20,233$18,483$16,873$15,393$14,035$12,970
10 years$18,025$16,292$14,710$13,269$11,958$10,940
11 years$16,219$14,504$12,951$11,548$10,284$9,312
12 years$14,715$13,018$11,493$10,129$8,912$7,985
13 years$13,444$11,764$10,268$8,942$7,772$6,888
14 years$12,355$10,694$9,226$7,938$6,813$5,972
15 years$11,413$9,769$8,330$7,079$5,998$5,200
16 years$10,589$8,963$7,552$6,339$5,301$4,543
17 years$9,862$8,254$6,872$5,695$4,701$3,982
18 years$9,217$7,627$6,274$5,133$4,180$3,499
19 years$8,641$7,069$5,743$4,638$3,725$3,081
20 years$8,123$6,569$5,271$4,200$3,327$2,719
21 years$7,655$6,119$4,848$3,812$2,978$2,403
22 years$7,230$5,711$4,468$3,466$2,669$2,127
23 years$6,842$5,342$4,126$3,157$2,396$1,886
24 years$6,488$5,005$3,816$2,879$2,154$1,673
25 years$6,162$4,697$3,534$2,629$1,938$1,486
26 years$5,862$4,414$3,278$2,404$1,746$1,321
27 years$5,584$4,154$3,044$2,201$1,574$1,175
28 years$5,327$3,915$2,829$2,016$1,420$1,046
29 years$5,088$3,693$2,633$1,849$1,282$932
30 years$4,865$3,488$2,453$1,697$1,159$831
31 years$4,657$3,297$2,286$1,558$1,047$741
32 years$4,463$3,120$2,133$1,432$948$661
33 years$4,280$2,954$1,992$1,317$858$590
34 years$4,109$2,800$1,861$1,212$776$527
35 years$3,948$2,656$1,740$1,115$703$470
36 years$3,796$2,521$1,628$1,027$637$420
37 years$3,653$2,394$1,523$947$577$375
38 years$3,517$2,275$1,427$872$524$335
39 years$3,389$2,164$1,337$804$475$300
40 years$3,268$2,058$1,253$742$431$268
41 years$3,152$1,959$1,175$685$391$240
42 years$3,043$1,866$1,102$632$354$214
43 years$2,939$1,778$1,034$583$322$192
44 years$2,840$1,695$971$538$292$171
45 years$2,745$1,616$911$497$265$153
46 years$2,655$1,542$856$459$241$137
47 years$2,569$1,471$804$424$219$123
48 years$2,487$1,405$756$392$198$110
49 years$2,409$1,341$710$362$180$98
50 years$2,333$1,281$668$335$164$88

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,390,000, adding $5,040 every year, while hoping to spend $27,788 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: 64/18/18 Blend
52$2,390,000$2,390,000$2,390,000$2,390,000
53$2,638,979$2,512,309$2,475,264$2,795,650
54$2,878,588$2,605,846$2,528,619$2,995,015
55$3,141,707$2,703,035$2,582,830$3,209,098
56$3,430,703$2,804,025$2,637,897$3,442,311
57$3,748,185$2,908,973$2,693,817$3,696,523
58$4,097,029$3,018,041$2,750,589$3,973,793
59$4,480,400$3,131,400$2,808,208$4,276,385
60$4,901,788$3,249,225$2,866,669$4,606,792
61$5,365,035$3,371,702$2,925,968$4,967,758
62$5,874,376$3,499,023$2,986,096$5,362,305
63$6,434,477$3,631,390$3,047,044$5,793,760
64$7,050,477$3,769,011$3,108,803$6,265,786
65$7,728,038$3,912,105$3,171,361$6,782,415
66$8,473,401$4,060,902$3,234,704$7,348,089
67$9,293,440$4,215,638$3,298,819$7,967,699
68$10,195,729$4,376,562$3,363,687$8,646,630
69$11,188,613$4,543,934$3,429,291$9,390,814
70$12,281,289$4,718,024$3,495,609$10,206,784
71$13,483,888$4,899,114$3,562,620$11,101,736
72$14,807,574$5,087,500$3,630,297$12,083,592
73$16,264,649$5,283,490$3,698,614$13,161,084
74$17,868,666$5,487,404$3,767,541$14,343,825
75$19,634,561$5,699,578$3,837,045$15,642,407
76$21,578,792$5,920,362$3,907,091$17,068,496
77$23,719,491$6,150,123$3,977,641$18,634,944
78$26,076,641$6,389,240$4,048,653$20,355,908
79$28,672,259$6,638,114$4,120,085$22,246,983
80$31,530,609$6,897,161$4,191,886$24,325,353
81$34,678,424$7,166,815$4,264,008$26,609,944
82$38,145,164$7,447,530$4,336,393$29,121,609
83$41,963,293$7,739,781$4,408,984$31,883,324
84$46,168,582$8,044,063$4,481,718$34,920,398
85$50,800,448$8,360,893$4,554,526$38,260,719
86$55,902,329$8,690,812$4,627,338$41,935,009
87$61,522,089$9,034,385$4,700,077$45,977,120
88$67,712,473$9,392,200$4,772,660$50,424,347
89$74,531,603$9,764,876$4,845,002$55,317,783
90$82,043,526$10,153,054$4,917,009$60,702,705
91$90,318,821$10,557,410$4,988,585$66,628,998
92$99,435,263$10,978,644$5,059,624$73,151,630
93$109,478,554$11,417,493$5,130,016$80,331,164
94$120,543,140$11,874,723$5,199,645$88,234,332
95$132,733,093$12,351,137$5,268,386$96,934,665
96$146,163,100$12,847,574$5,336,108$106,513,182
97$160,959,542$13,364,911$5,402,673$117,059,157
98$177,261,686$13,904,062$5,467,933$128,670,960
99$195,223,003$14,465,987$5,531,735$141,456,982
100$215,012,615$15,051,686$5,593,913$155,536,659