Can I retire at age 53 with 2,410,000?

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 $2,410,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$199,016$197,243$195,513$193,825$192,177$190,646
2 years$98,523$96,688$94,909$93,185$91,513$89,970
3 years$65,029$63,186$61,413$59,705$58,059$56,552
4 years$48,286$46,449$44,693$43,014$41,408$39,948
5 years$38,243$36,416$34,683$33,039$31,478$30,069
6 years$31,549$29,737$28,029$26,421$24,908$23,552
7 years$26,770$24,973$23,292$21,722$20,256$18,955
8 years$23,187$21,406$19,754$18,222$16,805$15,557
9 years$20,402$18,638$17,014$15,521$14,152$12,957
10 years$18,175$16,429$14,833$13,380$12,058$10,916
11 years$16,355$14,625$13,059$11,644$10,370$9,281
12 years$14,839$13,127$11,589$10,214$8,987$7,948
13 years$13,557$11,863$10,354$9,017$7,837$6,848
14 years$12,459$10,783$9,303$8,004$6,870$5,929
15 years$11,508$9,851$8,400$7,138$6,049$5,155
16 years$10,677$9,038$7,616$6,392$5,346$4,498
17 years$9,945$8,323$6,930$5,743$4,740$3,937
18 years$9,294$7,691$6,326$5,176$4,214$3,455
19 years$8,713$7,128$5,791$4,677$3,756$3,038
20 years$8,191$6,624$5,315$4,236$3,355$2,677
21 years$7,719$6,170$4,889$3,844$3,003$2,362
22 years$7,290$5,759$4,506$3,495$2,691$2,088
23 years$6,899$5,387$4,160$3,183$2,416$1,848
24 years$6,542$5,047$3,848$2,903$2,172$1,637
25 years$6,213$4,736$3,564$2,651$1,954$1,452
26 years$5,911$4,451$3,305$2,424$1,760$1,289
27 years$5,631$4,189$3,069$2,219$1,587$1,145
28 years$5,371$3,947$2,853$2,033$1,432$1,018
29 years$5,130$3,724$2,655$1,864$1,293$905
30 years$4,906$3,517$2,473$1,711$1,168$805
31 years$4,696$3,325$2,306$1,571$1,056$717
32 years$4,500$3,146$2,151$1,444$955$639
33 years$4,316$2,979$2,008$1,328$865$569
34 years$4,143$2,823$1,877$1,222$783$507
35 years$3,981$2,678$1,755$1,125$709$452
36 years$3,828$2,542$1,641$1,036$642$403
37 years$3,683$2,414$1,536$954$582$360
38 years$3,547$2,294$1,439$880$528$321
39 years$3,417$2,182$1,348$811$479$286
40 years$3,295$2,076$1,263$748$434$256
41 years$3,179$1,976$1,185$690$394$228
42 years$3,068$1,882$1,111$637$357$204
43 years$2,963$1,793$1,043$588$324$182
44 years$2,863$1,709$979$543$294$162
45 years$2,768$1,630$919$501$267$145
46 years$2,677$1,555$863$463$243$129
47 years$2,591$1,484$811$428$220$116
48 years$2,508$1,416$762$395$200$103
49 years$2,429$1,353$716$365$182$92
50 years$2,353$1,292$673$338$165$82

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,410,000, adding $4,738 every year, while hoping to spend $42,177 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: 39/48/13 Blend
52$2,410,000$2,410,000$2,410,000$2,410,000
53$2,660,707$2,532,977$2,495,622$2,753,892
54$2,887,223$2,612,217$2,534,350$2,899,713
55$3,135,431$2,693,926$2,572,961$3,052,813
56$3,407,497$2,778,181$2,611,407$3,217,430
57$3,705,810$2,865,060$2,649,638$3,394,622
58$4,032,999$2,954,645$2,687,597$3,585,554
59$4,391,961$3,047,019$2,725,228$3,791,505
60$4,785,887$3,142,268$2,762,469$4,013,882
61$5,218,291$3,240,483$2,799,255$4,254,231
62$5,693,043$3,341,753$2,835,517$4,514,253
63$6,214,409$3,446,174$2,871,182$4,795,817
64$6,787,085$3,553,843$2,906,173$5,100,983
65$7,416,246$3,664,860$2,940,408$5,432,014
66$8,107,594$3,779,329$2,973,802$5,791,399
67$8,867,408$3,897,355$3,006,264$6,181,881
68$9,702,607$4,019,049$3,037,698$6,606,475
69$10,620,815$4,144,524$3,068,002$7,068,501
70$11,630,429$4,273,897$3,097,071$7,571,612
71$12,740,701$4,407,287$3,124,792$8,119,831
72$13,961,827$4,544,818$3,151,046$8,717,585
73$15,305,037$4,686,617$3,175,710$9,369,750
74$16,782,706$4,832,817$3,198,652$10,081,692
75$18,408,469$4,983,552$3,219,733$10,859,320
76$20,197,348$5,138,961$3,238,810$11,709,143
77$22,165,896$5,299,189$3,255,729$12,638,326
78$24,332,352$5,464,383$3,270,329$13,654,761
79$26,716,810$5,634,697$3,282,444$14,767,138
80$29,341,413$5,810,285$3,291,895$15,985,030
81$32,230,560$5,991,312$3,298,496$17,318,979
82$35,411,134$6,177,943$3,302,052$18,780,598
83$38,912,758$6,370,351$3,302,359$20,382,676
84$42,768,073$6,568,712$3,299,202$22,139,302
85$47,013,045$6,773,208$3,292,354$24,065,997
86$51,687,308$6,984,027$3,281,580$26,179,856
87$56,834,532$7,201,362$3,266,631$28,499,712
88$62,502,838$7,425,413$3,247,248$31,046,313
89$68,745,255$7,656,386$3,223,157$33,842,516
90$75,620,212$7,894,490$3,194,074$36,913,501
91$83,192,098$8,139,944$3,159,700$40,287,011
92$91,531,862$8,392,972$3,119,721$43,993,609
93$100,717,689$8,653,804$3,073,808$48,066,970
94$110,835,732$8,922,679$3,021,619$52,544,196
95$121,980,928$9,199,842$2,962,795$57,466,162
96$134,257,892$9,485,544$2,896,958$62,877,908
97$147,781,907$9,780,044$2,823,715$68,829,057
98$162,680,006$10,083,612$2,742,655$75,374,287
99$179,092,179$10,396,521$2,653,346$82,573,841
100$197,172,685$10,719,055$2,555,337$90,494,102