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%15.9%
1 years$199,016$197,243$195,513$193,825$192,177$187,531
2 years$98,523$96,688$94,909$93,185$91,513$86,860
3 years$65,029$63,186$61,413$59,705$58,059$53,545
4 years$48,286$46,449$44,693$43,014$41,408$37,068
5 years$38,243$36,416$34,683$33,039$31,478$27,323
6 years$31,549$29,737$28,029$26,421$24,908$20,942
7 years$26,770$24,973$23,292$21,722$20,256$16,481
8 years$23,187$21,406$19,754$18,222$16,805$13,218
9 years$20,402$18,638$17,014$15,521$14,152$10,751
10 years$18,175$16,429$14,833$13,380$12,058$8,839
11 years$16,355$14,625$13,059$11,644$10,370$7,328
12 years$14,839$13,127$11,589$10,214$8,987$6,117
13 years$13,557$11,863$10,354$9,017$7,837$5,133
14 years$12,459$10,783$9,303$8,004$6,870$4,327
15 years$11,508$9,851$8,400$7,138$6,049$3,660
16 years$10,677$9,038$7,616$6,392$5,346$3,106
17 years$9,945$8,323$6,930$5,743$4,740$2,642
18 years$9,294$7,691$6,326$5,176$4,214$2,252
19 years$8,713$7,128$5,791$4,677$3,756$1,923
20 years$8,191$6,624$5,315$4,236$3,355$1,645
21 years$7,719$6,170$4,889$3,844$3,003$1,409
22 years$7,290$5,759$4,506$3,495$2,691$1,207
23 years$6,899$5,387$4,160$3,183$2,416$1,036
24 years$6,542$5,047$3,848$2,903$2,172$890
25 years$6,213$4,736$3,564$2,651$1,954$765
26 years$5,911$4,451$3,305$2,424$1,760$657
27 years$5,631$4,189$3,069$2,219$1,587$565
28 years$5,371$3,947$2,853$2,033$1,432$487
29 years$5,130$3,724$2,655$1,864$1,293$419
30 years$4,906$3,517$2,473$1,711$1,168$361
31 years$4,696$3,325$2,306$1,571$1,056$311
32 years$4,500$3,146$2,151$1,444$955$268
33 years$4,316$2,979$2,008$1,328$865$231
34 years$4,143$2,823$1,877$1,222$783$199
35 years$3,981$2,678$1,755$1,125$709$171
36 years$3,828$2,542$1,641$1,036$642$148
37 years$3,683$2,414$1,536$954$582$127
38 years$3,547$2,294$1,439$880$528$110
39 years$3,417$2,182$1,348$811$479$95
40 years$3,295$2,076$1,263$748$434$82
41 years$3,179$1,976$1,185$690$394$70
42 years$3,068$1,882$1,111$637$357$61
43 years$2,963$1,793$1,043$588$324$52
44 years$2,863$1,709$979$543$294$45
45 years$2,768$1,630$919$501$267$39
46 years$2,677$1,555$863$463$243$34
47 years$2,591$1,484$811$428$220$29
48 years$2,508$1,416$762$395$200$25
49 years$2,429$1,353$716$365$182$22
50 years$2,353$1,292$673$338$165$19

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 $6,309 every year, while hoping to spend $36,692 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: 48/47/5 Blend
52$2,410,000$2,410,000$2,410,000$2,410,000
53$2,662,328$2,534,598$2,497,243$2,786,463
54$2,894,845$2,619,753$2,541,860$2,957,101
55$3,149,850$2,707,851$2,586,743$3,137,833
56$3,429,596$2,798,998$2,631,861$3,333,170
57$3,736,568$2,893,302$2,677,181$3,544,479
58$4,073,502$2,990,877$2,722,670$3,773,261
59$4,443,410$3,091,842$2,768,291$4,021,167
60$4,849,613$3,196,317$2,814,004$4,290,010
61$5,295,768$3,304,431$2,859,768$4,581,785
62$5,785,903$3,416,314$2,905,536$4,898,686
63$6,324,455$3,532,104$2,951,262$5,243,125
64$6,916,314$3,651,941$2,996,893$5,617,756
65$7,566,865$3,775,974$3,042,377$6,025,497
66$8,282,043$3,904,354$3,087,654$6,469,560
67$9,068,385$4,037,241$3,132,664$6,953,478
68$9,933,093$4,174,799$3,177,341$7,481,139
69$10,884,103$4,317,199$3,221,617$8,056,820
70$11,930,158$4,464,618$3,265,417$8,685,231
71$13,080,891$4,617,241$3,308,665$9,371,554
72$14,346,915$4,775,259$3,351,279$10,121,493
73$15,739,924$4,938,870$3,393,170$10,941,328
74$17,272,804$5,108,282$3,434,249$11,837,971
75$18,959,750$5,283,708$3,474,416$12,819,032
76$20,816,406$5,465,371$3,513,571$13,892,892
77$22,860,008$5,653,503$3,551,604$15,068,775
78$25,109,548$5,848,344$3,588,402$16,356,840
79$27,585,952$6,050,143$3,623,844$17,768,274
80$30,312,279$6,259,160$3,657,803$19,315,395
81$33,313,938$6,475,664$3,690,145$21,011,770
82$36,618,924$6,699,937$3,720,729$22,872,338
83$40,258,088$6,932,267$3,749,408$24,913,554
84$44,265,424$7,172,960$3,776,024$27,153,541
85$48,678,390$7,422,327$3,800,413$29,612,260
86$53,538,263$7,680,698$3,822,404$32,311,695
87$58,890,524$7,948,411$3,841,813$35,276,065
88$64,785,294$8,225,820$3,858,450$38,532,046
89$71,277,801$8,513,292$3,872,115$42,109,020
90$78,428,902$8,811,208$3,882,596$46,039,359
91$86,305,659$9,119,967$3,889,673$50,358,718
92$94,981,972$9,439,981$3,893,112$55,106,380
93$104,539,272$9,771,679$3,892,671$60,325,618
94$115,067,295$10,115,508$3,888,092$66,064,106
95$126,664,924$10,471,933$3,879,108$72,374,365
96$139,441,126$10,841,437$3,865,437$79,314,258
97$153,515,975$11,224,522$3,846,785$86,947,532
98$169,021,793$11,621,712$3,822,840$95,344,423
99$186,104,391$12,033,551$3,793,281$104,582,310
100$204,924,449$12,460,605$3,757,765$114,746,448