Can I retire at age 53 with 2,460,000?

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 $2,460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$203,145$201,335$199,570$197,846$196,164$193,153
2 years$100,567$98,694$96,878$95,118$93,411$90,385
3 years$66,378$64,497$62,687$60,943$59,264$56,317
4 years$49,288$47,412$45,620$43,906$42,268$39,422
5 years$39,036$37,172$35,403$33,724$32,131$29,395
6 years$32,204$30,354$28,611$26,970$25,424$22,801
7 years$27,325$25,491$23,776$22,173$20,677$18,168
8 years$23,668$21,850$20,164$18,600$17,153$14,758
9 years$20,825$19,025$17,367$15,843$14,446$12,162
10 years$18,552$16,769$15,141$13,657$12,308$10,136
11 years$16,694$14,929$13,330$11,886$10,586$8,521
12 years$15,146$13,399$11,830$10,426$9,173$7,214
13 years$13,838$12,109$10,569$9,204$7,999$6,143
14 years$12,717$11,007$9,496$8,170$7,012$5,256
15 years$11,747$10,055$8,574$7,287$6,174$4,515
16 years$10,899$9,225$7,774$6,524$5,457$3,891
17 years$10,151$8,496$7,074$5,862$4,838$3,362
18 years$9,487$7,851$6,457$5,283$4,302$2,913
19 years$8,894$7,276$5,911$4,774$3,834$2,528
20 years$8,361$6,761$5,425$4,323$3,425$2,198
21 years$7,879$6,298$4,990$3,924$3,065$1,914
22 years$7,441$5,879$4,599$3,568$2,747$1,669
23 years$7,043$5,498$4,247$3,249$2,466$1,457
24 years$6,678$5,152$3,927$2,963$2,217$1,273
25 years$6,342$4,834$3,637$2,706$1,995$1,113
26 years$6,033$4,544$3,374$2,474$1,797$974
27 years$5,748$4,276$3,133$2,265$1,620$853
28 years$5,483$4,029$2,912$2,075$1,462$747
29 years$5,237$3,801$2,710$1,903$1,320$655
30 years$5,007$3,590$2,524$1,746$1,193$574
31 years$4,793$3,394$2,353$1,604$1,078$504
32 years$4,593$3,211$2,196$1,474$975$442
33 years$4,405$3,041$2,050$1,356$883$388
34 years$4,229$2,882$1,916$1,247$799$341
35 years$4,063$2,734$1,791$1,148$724$299
36 years$3,907$2,595$1,675$1,057$656$263
37 years$3,760$2,464$1,568$974$594$231
38 years$3,620$2,342$1,468$898$539$203
39 years$3,488$2,227$1,376$828$489$178
40 years$3,363$2,119$1,290$764$443$157
41 years$3,245$2,017$1,209$705$402$138
42 years$3,132$1,921$1,134$650$365$121
43 years$3,025$1,830$1,064$600$331$106
44 years$2,923$1,744$999$554$301$93
45 years$2,826$1,664$938$512$273$82
46 years$2,733$1,587$881$473$248$72
47 years$2,645$1,514$828$437$225$64
48 years$2,560$1,446$778$404$204$56
49 years$2,479$1,381$731$373$186$49
50 years$2,402$1,319$687$345$169$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,460,000, adding $2,813 every year, while hoping to spend $52,749 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: 56/23/21 Blend
52$2,460,000$2,460,000$2,460,000$2,460,000
53$2,713,822$2,583,442$2,545,312$2,850,263
54$2,934,507$2,653,906$2,574,455$3,014,231
55$3,175,934$2,726,055$2,602,807$3,186,914
56$3,440,163$2,799,915$2,630,285$3,373,897
57$3,729,463$2,875,514$2,656,802$3,576,566
58$4,046,331$2,952,877$2,682,268$3,796,450
59$4,393,518$3,032,029$2,706,585$4,035,232
60$4,774,053$3,112,995$2,729,652$4,294,765
61$5,191,274$3,195,799$2,751,363$4,577,091
62$5,648,854$3,280,464$2,771,604$4,884,459
63$6,150,842$3,367,011$2,790,257$5,219,346
64$6,701,696$3,455,462$2,807,199$5,584,483
65$7,306,325$3,545,837$2,822,297$5,982,875
66$7,970,141$3,638,153$2,835,414$6,417,836
67$8,699,100$3,732,428$2,846,405$6,893,016
68$9,499,768$3,828,676$2,855,119$7,412,437
69$10,379,374$3,926,911$2,861,396$7,980,529
70$11,345,885$4,027,145$2,865,067$8,602,175
71$12,408,077$4,129,386$2,865,958$9,282,755
72$13,575,616$4,233,642$2,863,884$10,028,196
73$14,859,156$4,339,916$2,858,650$10,845,032
74$16,270,429$4,448,212$2,850,054$11,740,460
75$17,822,364$4,558,526$2,837,883$12,722,412
76$19,529,206$4,670,854$2,821,913$13,799,630
77$21,406,648$4,785,189$2,801,910$14,981,745
78$23,471,982$4,901,519$2,777,629$16,279,373
79$25,744,258$5,019,827$2,748,814$17,704,211
80$28,244,467$5,140,094$2,715,194$19,269,149
81$30,995,738$5,262,294$2,676,488$20,988,395
82$34,023,554$5,386,397$2,632,401$22,877,603
83$37,355,994$5,512,368$2,582,624$24,954,026
84$41,023,998$5,640,166$2,526,834$27,236,677
85$45,061,654$5,769,743$2,464,692$29,746,510
86$49,506,528$5,901,046$2,395,845$32,506,617
87$54,400,010$6,034,013$2,319,921$35,542,445
88$59,787,707$6,168,575$2,236,534$38,882,039
89$65,719,874$6,304,657$2,145,279$42,556,308
90$72,251,888$6,442,171$2,045,733$46,599,312
91$79,444,767$6,581,025$1,937,452$51,048,590
92$87,365,751$6,721,112$1,819,974$55,945,509
93$96,088,930$6,862,319$1,692,815$61,335,662
94$105,695,947$7,004,519$1,555,471$67,269,291
95$116,276,767$7,147,574$1,407,413$73,801,769
96$127,930,526$7,291,333$1,248,089$80,994,118
97$140,766,464$7,435,633$1,076,925$88,913,590
98$154,904,959$7,580,295$893,318$97,634,297
99$170,478,661$7,725,125$696,639$107,237,919
100$187,633,742$7,869,914$486,234$117,814,469