Can I retire at age 53 with 2,430,000?

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 $2,430,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$200,667$198,880$197,136$195,434$193,772$188,324
2 years$99,340$97,490$95,697$93,958$92,272$86,825
3 years$65,569$63,711$61,922$60,200$58,541$53,266
4 years$48,687$46,834$45,064$43,371$41,752$36,688
5 years$38,560$36,719$34,971$33,313$31,739$26,901
6 years$31,811$29,983$28,262$26,641$25,114$20,506
7 years$26,992$25,180$23,486$21,903$20,425$16,047
8 years$23,380$21,584$19,918$18,374$16,944$12,795
9 years$20,571$18,793$17,155$15,650$14,269$10,344
10 years$18,326$16,565$14,956$13,491$12,158$8,451
11 years$16,490$14,747$13,167$11,741$10,457$6,962
12 years$14,962$13,236$11,686$10,298$9,061$5,773
13 years$13,669$11,961$10,440$9,092$7,902$4,812
14 years$12,562$10,873$9,381$8,071$6,927$4,029
15 years$11,604$9,932$8,469$7,198$6,099$3,384
16 years$10,766$9,113$7,679$6,445$5,390$2,851
17 years$10,027$8,392$6,987$5,791$4,779$2,408
18 years$9,372$7,755$6,379$5,218$4,249$2,037
19 years$8,786$7,187$5,839$4,715$3,788$1,727
20 years$8,259$6,679$5,359$4,271$3,383$1,466
21 years$7,783$6,221$4,929$3,876$3,028$1,246
22 years$7,351$5,807$4,543$3,524$2,714$1,059
23 years$6,957$5,431$4,195$3,209$2,436$902
24 years$6,596$5,089$3,879$2,927$2,190$768
25 years$6,265$4,775$3,593$2,673$1,970$655
26 years$5,960$4,488$3,332$2,444$1,775$559
27 years$5,677$4,224$3,094$2,237$1,600$477
28 years$5,416$3,980$2,877$2,050$1,444$407
29 years$5,173$3,755$2,677$1,880$1,304$347
30 years$4,946$3,546$2,494$1,725$1,178$297
31 years$4,735$3,352$2,325$1,584$1,065$254
32 years$4,537$3,172$2,169$1,456$963$217
33 years$4,352$3,004$2,025$1,339$872$185
34 years$4,178$2,847$1,892$1,232$789$158
35 years$4,014$2,700$1,769$1,134$715$135
36 years$3,859$2,563$1,655$1,045$648$116
37 years$3,714$2,434$1,549$962$587$99
38 years$3,576$2,313$1,451$887$532$85
39 years$3,446$2,200$1,359$818$483$72
40 years$3,322$2,093$1,274$754$438$62
41 years$3,205$1,992$1,194$696$397$53
42 years$3,094$1,897$1,120$642$360$45
43 years$2,988$1,808$1,051$593$327$39
44 years$2,887$1,723$987$548$297$33
45 years$2,791$1,643$927$506$270$28
46 years$2,700$1,568$870$467$245$24
47 years$2,612$1,496$818$432$222$21
48 years$2,529$1,428$768$399$202$18
49 years$2,449$1,364$722$369$183$15
50 years$2,373$1,303$679$341$166$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,430,000, adding $3,296 every year, while hoping to spend $53,343 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: 35/49/16 Blend
52$2,430,000$2,430,000$2,430,000$2,430,000
53$2,681,260$2,552,470$2,514,805$2,761,784
54$2,897,992$2,620,784$2,542,294$2,888,952
55$3,135,043$2,690,658$2,568,917$3,020,817
56$3,394,428$2,762,112$2,594,587$3,161,955
57$3,678,369$2,835,165$2,619,215$3,313,217
58$3,989,310$2,909,835$2,642,706$3,475,540
59$4,329,943$2,986,140$2,664,959$3,649,955
60$4,703,232$3,064,096$2,685,871$3,837,597
61$5,112,444$3,143,719$2,705,329$4,039,715
62$5,561,174$3,225,022$2,723,219$4,257,683
63$6,053,383$3,308,017$2,739,416$4,493,016
64$6,593,434$3,392,716$2,753,792$4,747,380
65$7,186,132$3,479,127$2,766,212$5,022,613
66$7,836,771$3,567,257$2,776,533$5,320,734
67$8,551,181$3,657,112$2,784,606$5,643,972
68$9,335,785$3,748,694$2,790,274$5,994,779
69$10,197,658$3,842,004$2,793,372$6,375,858
70$11,144,597$3,937,039$2,793,727$6,790,185
71$12,185,186$4,033,794$2,791,157$7,241,040
72$13,328,886$4,132,262$2,785,472$7,732,035
73$14,586,119$4,232,429$2,776,473$8,267,152
74$15,968,367$4,334,282$2,763,949$8,850,778
75$17,488,281$4,437,802$2,747,680$9,487,744
76$19,159,796$4,542,965$2,727,438$10,183,378
77$20,998,268$4,649,743$2,702,981$10,943,548
78$23,020,616$4,758,106$2,674,056$11,774,722
79$25,245,481$4,868,014$2,640,398$12,684,025
80$27,693,399$4,979,426$2,601,731$13,679,313
81$30,387,001$5,092,293$2,557,764$14,769,240
82$33,351,220$5,206,560$2,508,193$15,963,345
83$36,613,528$5,322,166$2,452,702$17,272,141
84$40,204,198$5,439,041$2,390,957$18,707,214
85$44,156,582$5,557,111$2,322,610$20,281,330
86$48,507,434$5,676,289$2,247,298$22,008,563
87$53,297,249$5,796,484$2,164,639$23,904,422
88$58,570,650$5,917,594$2,074,236$25,985,999
89$64,376,806$6,039,506$1,975,673$28,272,133
90$70,769,896$6,162,098$1,868,514$30,783,586
91$77,809,622$6,285,236$1,752,306$33,543,241
92$85,561,767$6,408,777$1,626,571$36,576,320
93$94,098,821$6,532,560$1,490,815$39,910,617
94$103,500,661$6,656,417$1,344,519$43,576,769
95$113,855,308$6,780,161$1,187,140$47,608,540
96$125,259,753$6,903,592$1,018,112$52,043,143
97$137,820,874$7,026,494$836,845$56,921,594
98$151,656,445$7,148,634$642,721$62,289,097
99$166,896,246$7,269,761$435,096$68,195,471
100$183,683,289$7,389,605$213,298$74,695,627