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%13.7%
1 years$197,364$195,606$193,891$192,217$190,582$187,656
2 years$97,705$95,885$94,122$92,412$90,753$87,813
3 years$64,490$62,662$60,903$59,209$57,578$54,714
4 years$47,885$46,063$44,322$42,657$41,065$38,300
5 years$37,925$36,114$34,396$32,765$31,217$28,559
6 years$31,287$29,490$27,797$26,202$24,701$22,153
7 years$26,548$24,766$23,099$21,542$20,088$17,651
8 years$22,995$21,229$19,590$18,071$16,665$14,338
9 years$20,233$18,483$16,873$15,393$14,035$11,816
10 years$18,025$16,292$14,710$13,269$11,958$9,847
11 years$16,219$14,504$12,951$11,548$10,284$8,279
12 years$14,715$13,018$11,493$10,129$8,912$7,009
13 years$13,444$11,764$10,268$8,942$7,772$5,968
14 years$12,355$10,694$9,226$7,938$6,813$5,106
15 years$11,413$9,769$8,330$7,079$5,998$4,386
16 years$10,589$8,963$7,552$6,339$5,301$3,780
17 years$9,862$8,254$6,872$5,695$4,701$3,267
18 years$9,217$7,627$6,274$5,133$4,180$2,830
19 years$8,641$7,069$5,743$4,638$3,725$2,456
20 years$8,123$6,569$5,271$4,200$3,327$2,136
21 years$7,655$6,119$4,848$3,812$2,978$1,860
22 years$7,230$5,711$4,468$3,466$2,669$1,621
23 years$6,842$5,342$4,126$3,157$2,396$1,415
24 years$6,488$5,005$3,816$2,879$2,154$1,237
25 years$6,162$4,697$3,534$2,629$1,938$1,081
26 years$5,862$4,414$3,278$2,404$1,746$946
27 years$5,584$4,154$3,044$2,201$1,574$829
28 years$5,327$3,915$2,829$2,016$1,420$726
29 years$5,088$3,693$2,633$1,849$1,282$636
30 years$4,865$3,488$2,453$1,697$1,159$558
31 years$4,657$3,297$2,286$1,558$1,047$489
32 years$4,463$3,120$2,133$1,432$948$429
33 years$4,280$2,954$1,992$1,317$858$377
34 years$4,109$2,800$1,861$1,212$776$331
35 years$3,948$2,656$1,740$1,115$703$291
36 years$3,796$2,521$1,628$1,027$637$255
37 years$3,653$2,394$1,523$947$577$224
38 years$3,517$2,275$1,427$872$524$197
39 years$3,389$2,164$1,337$804$475$173
40 years$3,268$2,058$1,253$742$431$152
41 years$3,152$1,959$1,175$685$391$134
42 years$3,043$1,866$1,102$632$354$118
43 years$2,939$1,778$1,034$583$322$103
44 years$2,840$1,695$971$538$292$91
45 years$2,745$1,616$911$497$265$80
46 years$2,655$1,542$856$459$241$70
47 years$2,569$1,471$804$424$219$62
48 years$2,487$1,405$756$392$198$54
49 years$2,409$1,341$710$362$180$48
50 years$2,333$1,281$668$335$164$42

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 $6,764 every year, while hoping to spend $27,916 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: 28/43/29 Blend
52$2,390,000$2,390,000$2,390,000$2,390,000
53$2,640,757$2,514,087$2,477,042$2,690,854
54$2,880,412$2,607,575$2,530,321$2,825,116
55$3,143,576$2,704,708$2,584,448$2,966,411
56$3,432,617$2,805,636$2,639,424$3,117,657
57$3,750,146$2,910,513$2,695,246$3,279,730
58$4,099,035$3,019,503$2,751,911$3,453,590
59$4,482,452$3,132,774$2,809,416$3,640,288
60$4,903,885$3,250,502$2,867,754$3,840,979
61$5,367,177$3,372,873$2,926,920$4,056,930
62$5,876,562$3,500,077$2,986,905$4,289,531
63$6,436,706$3,632,315$3,047,700$4,540,310
64$7,052,747$3,769,795$3,109,295$4,810,943
65$7,730,349$3,912,737$3,171,678$5,103,274
66$8,475,750$4,061,366$3,234,835$5,419,324
67$9,295,824$4,215,921$3,298,750$5,761,318
68$10,198,146$4,376,649$3,363,406$6,131,699
69$11,191,060$4,543,808$3,428,783$6,533,154
70$12,283,762$4,717,669$3,494,861$6,968,634
71$13,486,383$4,898,511$3,561,615$7,441,386
72$14,810,085$5,086,630$3,629,021$7,954,979
73$16,267,170$5,282,331$3,697,050$8,513,338
74$17,871,191$5,485,935$3,765,671$9,120,781
75$19,637,083$5,697,776$3,834,851$9,782,057
76$21,581,301$5,918,203$3,904,554$10,502,391
77$23,721,978$6,147,579$3,974,741$11,287,529
78$26,079,095$6,386,285$4,045,370$12,143,796
79$28,674,668$6,634,719$4,116,395$13,078,151
80$31,532,958$6,893,294$4,187,768$14,098,253
81$34,680,699$7,162,444$4,259,437$15,212,529
82$38,147,347$7,442,620$4,331,345$16,430,258
83$41,965,363$7,734,296$4,403,432$17,761,649
84$46,170,517$8,037,964$4,475,634$19,217,943
85$50,802,225$8,354,139$4,547,883$20,811,515
86$55,903,920$8,683,359$4,620,105$22,555,987
87$61,523,463$9,026,188$4,692,222$24,466,357
88$67,713,597$9,383,211$4,764,152$26,559,140
89$74,532,438$9,755,042$4,835,805$28,852,518
90$82,044,030$10,142,324$4,907,088$31,366,515
91$90,318,948$10,545,724$4,977,902$34,123,179
92$99,434,959$10,965,943$5,048,141$37,146,791
93$109,477,764$11,403,713$5,117,692$40,464,089
94$120,541,798$11,859,797$5,186,437$44,104,523
95$132,731,128$12,334,994$5,254,250$48,100,527
96$146,160,434$12,830,139$5,320,997$52,487,822
97$160,956,086$13,346,105$5,386,539$57,305,753
98$177,257,345$13,883,802$5,450,726$62,597,657
99$195,217,670$14,444,184$5,513,401$68,411,268
100$215,006,171$15,028,247$5,574,398$74,799,167