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%12%
1 years$199,016$197,243$195,513$193,825$192,177$190,567
2 years$98,523$96,688$94,909$93,185$91,513$89,890
3 years$65,029$63,186$61,413$59,705$58,059$56,474
4 years$48,286$46,449$44,693$43,014$41,408$39,873
5 years$38,243$36,416$34,683$33,039$31,478$29,997
6 years$31,549$29,737$28,029$26,421$24,908$23,483
7 years$26,770$24,973$23,292$21,722$20,256$18,889
8 years$23,187$21,406$19,754$18,222$16,805$15,494
9 years$20,402$18,638$17,014$15,521$14,152$12,897
10 years$18,175$16,429$14,833$13,380$12,058$10,859
11 years$16,355$14,625$13,059$11,644$10,370$9,226
12 years$14,839$13,127$11,589$10,214$8,987$7,896
13 years$13,557$11,863$10,354$9,017$7,837$6,799
14 years$12,459$10,783$9,303$8,004$6,870$5,883
15 years$11,508$9,851$8,400$7,138$6,049$5,112
16 years$10,677$9,038$7,616$6,392$5,346$4,457
17 years$9,945$8,323$6,930$5,743$4,740$3,898
18 years$9,294$7,691$6,326$5,176$4,214$3,418
19 years$8,713$7,128$5,791$4,677$3,756$3,004
20 years$8,191$6,624$5,315$4,236$3,355$2,645
21 years$7,719$6,170$4,889$3,844$3,003$2,333
22 years$7,290$5,759$4,506$3,495$2,691$2,060
23 years$6,899$5,387$4,160$3,183$2,416$1,822
24 years$6,542$5,047$3,848$2,903$2,172$1,613
25 years$6,213$4,736$3,564$2,651$1,954$1,429
26 years$5,911$4,451$3,305$2,424$1,760$1,268
27 years$5,631$4,189$3,069$2,219$1,587$1,125
28 years$5,371$3,947$2,853$2,033$1,432$999
29 years$5,130$3,724$2,655$1,864$1,293$888
30 years$4,906$3,517$2,473$1,711$1,168$790
31 years$4,696$3,325$2,306$1,571$1,056$702
32 years$4,500$3,146$2,151$1,444$955$625
33 years$4,316$2,979$2,008$1,328$865$557
34 years$4,143$2,823$1,877$1,222$783$496
35 years$3,981$2,678$1,755$1,125$709$441
36 years$3,828$2,542$1,641$1,036$642$393
37 years$3,683$2,414$1,536$954$582$351
38 years$3,547$2,294$1,439$880$528$312
39 years$3,417$2,182$1,348$811$479$279
40 years$3,295$2,076$1,263$748$434$248
41 years$3,179$1,976$1,185$690$394$222
42 years$3,068$1,882$1,111$637$357$198
43 years$2,963$1,793$1,043$588$324$176
44 years$2,863$1,709$979$543$294$157
45 years$2,768$1,630$919$501$267$140
46 years$2,677$1,555$863$463$243$125
47 years$2,591$1,484$811$428$220$112
48 years$2,508$1,416$762$395$200$100
49 years$2,429$1,353$716$365$182$89
50 years$2,353$1,292$673$338$165$79

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 $3,369 every year, while hoping to spend $26,856 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: 64/17/19 Blend
52$2,410,000$2,410,000$2,410,000$2,410,000
53$2,659,295$2,531,565$2,494,210$2,816,499
54$2,901,969$2,627,037$2,549,192$3,018,037
55$3,168,495$2,726,287$2,605,115$3,234,765
56$3,461,278$2,829,472$2,661,983$3,470,902
57$3,782,968$2,936,756$2,719,799$3,728,344
58$4,136,482$3,048,308$2,778,563$4,009,182
59$4,525,035$3,164,307$2,838,277$4,315,715
60$4,952,170$3,284,940$2,898,941$4,650,473
61$5,421,788$3,410,399$2,960,553$5,016,244
62$5,938,189$3,540,887$3,023,110$5,416,094
63$6,506,110$3,676,616$3,086,609$5,853,403
64$7,130,768$3,817,805$3,151,046$6,331,889
65$7,817,915$3,964,685$3,216,414$6,855,647
66$8,573,884$4,117,497$3,282,705$7,429,186
67$9,405,656$4,276,490$3,349,912$8,057,473
68$10,320,921$4,441,927$3,418,022$8,745,976
69$11,328,155$4,614,080$3,487,026$9,500,718
70$12,436,692$4,793,236$3,556,907$10,328,334
71$13,656,823$4,979,693$3,627,651$11,236,128
72$14,999,881$5,173,760$3,699,240$12,232,148
73$16,478,358$5,375,764$3,771,654$13,325,257
74$18,106,018$5,586,043$3,844,871$14,525,219
75$19,898,025$5,804,953$3,918,868$15,842,788
76$21,871,091$6,032,862$3,993,617$17,289,811
77$24,043,628$6,270,159$4,069,089$18,879,338
78$26,435,927$6,517,246$4,145,253$20,625,744
79$29,070,346$6,774,545$4,222,073$22,544,868
80$31,971,521$7,042,498$4,299,513$24,654,155
81$35,166,601$7,321,564$4,377,530$26,972,828
82$38,685,498$7,612,225$4,456,082$29,522,061
83$42,561,179$7,914,984$4,535,120$32,325,184
84$46,829,966$8,230,365$4,614,594$35,407,899
85$51,531,887$8,558,918$4,694,447$38,798,523
86$56,711,050$8,901,215$4,774,622$42,528,257
87$62,416,060$9,257,857$4,855,054$46,631,474
88$68,700,475$9,629,469$4,935,675$51,146,048
89$75,623,317$10,016,707$5,016,414$56,113,707
90$83,249,624$10,420,254$5,097,193$61,580,428
91$91,651,065$10,840,826$5,177,928$67,596,871
92$100,906,618$11,279,170$5,258,533$74,218,852
93$111,103,311$11,736,069$5,338,912$81,507,872
94$122,337,051$12,212,338$5,418,968$89,531,698
95$134,713,520$12,708,832$5,498,593$98,364,999
96$148,349,178$13,226,444$5,577,675$108,090,047
97$163,372,363$13,766,108$5,656,095$118,797,501
98$179,924,496$14,328,800$5,733,727$130,587,252
99$198,161,424$14,915,540$5,810,436$143,569,371
100$218,254,885$15,527,397$5,886,081$157,865,144