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%18%
1 years$200,667$198,880$197,136$195,434$193,772$187,494
2 years$99,340$97,490$95,697$93,958$92,272$86,006
3 years$65,569$63,711$61,922$60,200$58,541$52,484
4 years$48,687$46,834$45,064$43,371$41,752$35,950
5 years$38,560$36,719$34,971$33,313$31,739$26,207
6 years$31,811$29,983$28,262$26,641$25,114$19,857
7 years$26,992$25,180$23,486$21,903$20,425$15,442
8 years$23,380$21,584$19,918$18,374$16,944$12,233
9 years$20,571$18,793$17,155$15,650$14,269$9,824
10 years$18,326$16,565$14,956$13,491$12,158$7,971
11 years$16,490$14,747$13,167$11,741$10,457$6,520
12 years$14,962$13,236$11,686$10,298$9,061$5,368
13 years$13,669$11,961$10,440$9,092$7,902$4,441
14 years$12,562$10,873$9,381$8,071$6,927$3,690
15 years$11,604$9,932$8,469$7,198$6,099$3,075
16 years$10,766$9,113$7,679$6,445$5,390$2,571
17 years$10,027$8,392$6,987$5,791$4,779$2,153
18 years$9,372$7,755$6,379$5,218$4,249$1,807
19 years$8,786$7,187$5,839$4,715$3,788$1,519
20 years$8,259$6,679$5,359$4,271$3,383$1,279
21 years$7,783$6,221$4,929$3,876$3,028$1,077
22 years$7,351$5,807$4,543$3,524$2,714$909
23 years$6,957$5,431$4,195$3,209$2,436$767
24 years$6,596$5,089$3,879$2,927$2,190$648
25 years$6,265$4,775$3,593$2,673$1,970$547
26 years$5,960$4,488$3,332$2,444$1,775$463
27 years$5,677$4,224$3,094$2,237$1,600$391
28 years$5,416$3,980$2,877$2,050$1,444$331
29 years$5,173$3,755$2,677$1,880$1,304$280
30 years$4,946$3,546$2,494$1,725$1,178$237
31 years$4,735$3,352$2,325$1,584$1,065$201
32 years$4,537$3,172$2,169$1,456$963$170
33 years$4,352$3,004$2,025$1,339$872$144
34 years$4,178$2,847$1,892$1,232$789$122
35 years$4,014$2,700$1,769$1,134$715$103
36 years$3,859$2,563$1,655$1,045$648$87
37 years$3,714$2,434$1,549$962$587$74
38 years$3,576$2,313$1,451$887$532$63
39 years$3,446$2,200$1,359$818$483$53
40 years$3,322$2,093$1,274$754$438$45
41 years$3,205$1,992$1,194$696$397$38
42 years$3,094$1,897$1,120$642$360$32
43 years$2,988$1,808$1,051$593$327$27
44 years$2,887$1,723$987$548$297$23
45 years$2,791$1,643$927$506$270$20
46 years$2,700$1,568$870$467$245$17
47 years$2,612$1,496$818$432$222$14
48 years$2,529$1,428$768$399$202$12
49 years$2,449$1,364$722$369$183$10
50 years$2,373$1,303$679$341$166$9

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 $3,220 every year, while hoping to spend $49,498 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: 60/33/7 Blend
52$2,430,000$2,430,000$2,430,000$2,430,000
53$2,681,181$2,552,391$2,514,726$2,838,022
54$2,901,996$2,624,793$2,546,304$3,015,835
55$3,143,676$2,699,084$2,577,281$3,203,724
56$3,408,295$2,775,303$2,607,584$3,407,404
57$3,698,140$2,853,492$2,637,138$3,628,395
58$4,015,729$2,933,692$2,665,860$3,868,370
59$4,363,834$3,015,943$2,693,667$4,129,172
60$4,745,508$3,100,287$2,720,468$4,412,825
61$5,164,115$3,186,766$2,746,168$4,721,563
62$5,623,358$3,275,421$2,770,669$5,057,841
63$6,127,318$3,366,295$2,793,864$5,424,365
64$6,680,489$3,459,428$2,815,643$5,824,112
65$7,287,821$3,554,862$2,835,889$6,260,361
66$7,954,768$3,652,639$2,854,480$6,736,725
67$8,687,336$3,752,800$2,871,287$7,257,179
68$9,492,143$3,855,386$2,886,174$7,826,105
69$10,376,480$3,960,438$2,898,999$8,448,327
70$11,348,377$4,067,996$2,909,612$9,129,157
71$12,416,683$4,178,100$2,917,856$9,874,449
72$13,591,146$4,290,788$2,923,565$10,690,650
73$14,882,505$4,406,098$2,926,566$11,584,861
74$16,302,591$4,524,068$2,926,677$12,564,907
75$17,864,442$4,644,733$2,923,707$13,639,404
76$19,582,419$4,768,130$2,917,456$14,817,849
77$21,472,349$4,894,290$2,907,713$16,110,699
78$23,551,665$5,023,247$2,894,258$17,529,481
79$25,839,579$5,155,031$2,876,860$19,086,889
80$28,357,259$5,289,670$2,855,277$20,796,912
81$31,128,026$5,427,190$2,829,256$22,674,963
82$34,177,578$5,567,617$2,798,530$24,738,021
83$37,534,232$5,710,970$2,762,821$27,004,797
84$41,229,186$5,857,271$2,721,838$29,495,905
85$45,296,819$6,006,533$2,675,276$32,234,061
86$49,775,012$6,158,770$2,622,814$35,244,293
87$54,705,504$6,313,992$2,564,120$38,554,178
88$60,134,291$6,472,202$2,498,843$42,194,105
89$66,112,051$6,633,403$2,426,618$46,197,558
90$72,694,632$6,797,591$2,347,060$50,601,433
91$79,943,568$6,964,757$2,259,771$55,446,386
92$87,926,670$7,134,888$2,164,331$60,777,220
93$96,718,657$7,307,964$2,060,303$66,643,299
94$106,401,867$7,483,961$1,947,229$73,099,025
95$117,067,027$7,662,845$1,824,632$80,204,341
96$128,814,117$7,844,578$1,692,010$88,025,305
97$141,753,308$8,029,112$1,548,843$96,634,707
98$156,006,000$8,216,394$1,394,585$106,112,761
99$171,705,974$8,406,359$1,228,665$116,547,858
100$189,000,647$8,598,934$1,050,489$128,037,403