Can I retire at age 53 with 2,450,000?

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 $2,450,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$202,319$200,517$198,758$197,042$195,366$189,721
2 years$100,158$98,292$96,485$94,732$93,032$87,389
3 years$66,109$64,235$62,432$60,696$59,023$53,560
4 years$49,087$47,220$45,434$43,728$42,096$36,854
5 years$38,877$37,021$35,259$33,587$32,001$26,994
6 years$32,073$30,230$28,495$26,860$25,321$20,555
7 years$27,214$25,387$23,679$22,083$20,593$16,067
8 years$23,572$21,762$20,082$18,525$17,084$12,795
9 years$20,741$18,947$17,296$15,779$14,387$10,332
10 years$18,477$16,701$15,079$13,602$12,258$8,431
11 years$16,626$14,868$13,276$11,838$10,543$6,936
12 years$15,085$13,345$11,782$10,383$9,136$5,744
13 years$13,782$12,060$10,526$9,167$7,967$4,782
14 years$12,666$10,962$9,458$8,137$6,984$3,997
15 years$11,699$10,014$8,539$7,257$6,149$3,353
16 years$10,854$9,188$7,742$6,498$5,434$2,821
17 years$10,110$8,462$7,045$5,838$4,819$2,379
18 years$9,449$7,819$6,431$5,261$4,284$2,010
19 years$8,858$7,246$5,887$4,754$3,819$1,701
20 years$8,327$6,734$5,403$4,306$3,411$1,442
21 years$7,847$6,272$4,970$3,908$3,052$1,223
22 years$7,411$5,855$4,580$3,553$2,736$1,039
23 years$7,014$5,476$4,229$3,236$2,456$883
24 years$6,650$5,131$3,911$2,951$2,208$751
25 years$6,316$4,815$3,623$2,695$1,987$639
26 years$6,009$4,525$3,360$2,464$1,789$544
27 years$5,724$4,259$3,120$2,256$1,613$464
28 years$5,461$4,013$2,900$2,067$1,456$395
29 years$5,215$3,786$2,699$1,895$1,314$337
30 years$4,987$3,575$2,514$1,739$1,188$287
31 years$4,774$3,380$2,344$1,597$1,074$245
32 years$4,575$3,198$2,187$1,468$971$209
33 years$4,388$3,029$2,042$1,350$879$178
34 years$4,212$2,870$1,908$1,242$796$152
35 years$4,047$2,722$1,784$1,143$721$130
36 years$3,891$2,584$1,669$1,053$653$111
37 years$3,744$2,454$1,562$970$592$95
38 years$3,605$2,332$1,462$894$537$81
39 years$3,474$2,218$1,370$825$487$69
40 years$3,350$2,110$1,284$761$441$59
41 years$3,231$2,009$1,204$702$400$50
42 years$3,119$1,913$1,130$648$363$43
43 years$3,013$1,823$1,060$598$330$37
44 years$2,911$1,737$995$552$299$31
45 years$2,814$1,657$934$510$272$27
46 years$2,722$1,580$877$471$247$23
47 years$2,634$1,508$824$435$224$19
48 years$2,550$1,440$775$402$203$17
49 years$2,469$1,375$728$372$185$14
50 years$2,392$1,313$685$343$168$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,450,000, adding $2,645 every year, while hoping to spend $53,814 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: 59/11/30 Blend
52$2,450,000$2,450,000$2,450,000$2,450,000
53$2,702,628$2,572,778$2,534,803$2,839,777
54$2,921,039$2,641,587$2,562,462$3,002,835
55$3,159,923$2,711,963$2,589,243$3,174,713
56$3,421,314$2,783,928$2,615,061$3,361,114
57$3,707,447$2,857,499$2,639,824$3,563,464
58$4,020,786$2,932,697$2,663,438$3,783,340
59$4,364,045$3,009,537$2,685,801$4,022,474
60$4,740,209$3,088,036$2,706,807$4,282,778
61$5,152,569$3,168,209$2,726,345$4,566,360
62$5,604,750$3,250,069$2,744,296$4,875,540
63$6,100,741$3,333,630$2,760,536$5,212,876
64$6,644,939$3,418,900$2,774,937$5,581,187
65$7,242,186$3,505,889$2,787,360$5,983,580
66$7,897,815$3,594,604$2,797,663$6,423,480
67$8,617,702$3,685,048$2,805,694$6,904,660
68$9,408,317$3,777,226$2,811,295$7,431,280
69$10,276,791$3,871,136$2,814,299$8,007,922
70$11,230,978$3,966,775$2,814,532$8,639,641
71$12,279,529$4,064,138$2,811,810$9,332,002
72$13,431,976$4,163,217$2,805,941$10,091,145
73$14,698,821$4,263,998$2,796,723$10,923,832
74$16,091,633$4,366,466$2,783,946$11,837,518
75$17,623,158$4,470,601$2,767,386$12,840,421
76$19,307,439$4,576,380$2,746,813$13,941,595
77$21,159,949$4,683,773$2,721,982$15,151,023
78$23,197,734$4,792,748$2,692,638$16,479,705
79$25,439,576$4,903,266$2,658,515$17,939,765
80$27,906,170$5,015,283$2,619,332$19,544,568
81$30,620,316$5,128,749$2,574,797$21,308,843
82$33,607,139$5,243,608$2,524,603$23,248,821
83$36,894,319$5,359,797$2,468,429$25,382,395
84$40,512,359$5,477,246$2,405,941$27,729,285
85$44,494,865$5,595,876$2,336,785$30,311,224
86$48,878,869$5,715,602$2,260,596$33,152,165
87$53,705,176$5,836,329$2,176,988$36,278,510
88$59,018,747$5,957,953$2,085,560$39,719,354
89$64,869,125$6,080,358$1,985,892$43,506,767
90$71,310,902$6,203,421$1,877,545$47,676,092
91$78,404,231$6,327,006$1,760,060$52,266,283
92$86,215,397$6,450,965$1,632,957$57,320,273
93$94,817,442$6,575,136$1,495,735$62,885,376
94$104,290,849$6,699,346$1,347,871$69,013,740
95$114,724,308$6,823,406$1,188,817$75,762,838
96$126,215,547$6,947,113$1,018,002$83,196,012
97$138,872,258$7,070,246$834,829$91,383,070
98$152,813,108$7,192,568$638,677$100,400,947
99$168,168,866$7,313,824$428,893$110,334,436
100$185,083,629$7,433,740$204,799$121,276,984