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%16.5%
1 years$203,145$201,335$199,570$197,846$196,164$190,957
2 years$100,567$98,694$96,878$95,118$93,411$88,202
3 years$66,378$64,497$62,687$60,943$59,264$54,215
4 years$49,288$47,412$45,620$43,906$42,268$37,418
5 years$39,036$37,172$35,403$33,724$32,131$27,494
6 years$32,204$30,354$28,611$26,970$25,424$21,004
7 years$27,325$25,491$23,776$22,173$20,677$16,474
8 years$23,668$21,850$20,164$18,600$17,153$13,166
9 years$20,825$19,025$17,367$15,843$14,446$10,670
10 years$18,552$16,769$15,141$13,657$12,308$8,739
11 years$16,694$14,929$13,330$11,886$10,586$7,218
12 years$15,146$13,399$11,830$10,426$9,173$6,001
13 years$13,838$12,109$10,569$9,204$7,999$5,016
14 years$12,717$11,007$9,496$8,170$7,012$4,210
15 years$11,747$10,055$8,574$7,287$6,174$3,547
16 years$10,899$9,225$7,774$6,524$5,457$2,997
17 years$10,151$8,496$7,074$5,862$4,838$2,538
18 years$9,487$7,851$6,457$5,283$4,302$2,154
19 years$8,894$7,276$5,911$4,774$3,834$1,831
20 years$8,361$6,761$5,425$4,323$3,425$1,559
21 years$7,879$6,298$4,990$3,924$3,065$1,329
22 years$7,441$5,879$4,599$3,568$2,747$1,134
23 years$7,043$5,498$4,247$3,249$2,466$968
24 years$6,678$5,152$3,927$2,963$2,217$828
25 years$6,342$4,834$3,637$2,706$1,995$708
26 years$6,033$4,544$3,374$2,474$1,797$606
27 years$5,748$4,276$3,133$2,265$1,620$518
28 years$5,483$4,029$2,912$2,075$1,462$444
29 years$5,237$3,801$2,710$1,903$1,320$380
30 years$5,007$3,590$2,524$1,746$1,193$326
31 years$4,793$3,394$2,353$1,604$1,078$279
32 years$4,593$3,211$2,196$1,474$975$239
33 years$4,405$3,041$2,050$1,356$883$205
34 years$4,229$2,882$1,916$1,247$799$176
35 years$4,063$2,734$1,791$1,148$724$151
36 years$3,907$2,595$1,675$1,057$656$130
37 years$3,760$2,464$1,568$974$594$111
38 years$3,620$2,342$1,468$898$539$95
39 years$3,488$2,227$1,376$828$489$82
40 years$3,363$2,119$1,290$764$443$70
41 years$3,245$2,017$1,209$705$402$60
42 years$3,132$1,921$1,134$650$365$52
43 years$3,025$1,830$1,064$600$331$44
44 years$2,923$1,744$999$554$301$38
45 years$2,826$1,664$938$512$273$33
46 years$2,733$1,587$881$473$248$28
47 years$2,645$1,514$828$437$225$24
48 years$2,560$1,446$778$404$204$21
49 years$2,479$1,381$731$373$186$18
50 years$2,402$1,319$687$345$169$15

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 $4,810 every year, while hoping to spend $59,714 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: 48/24/28 Blend
52$2,460,000$2,460,000$2,460,000$2,460,000
53$2,715,882$2,585,502$2,547,372$2,824,329
54$2,929,366$2,648,656$2,569,173$2,964,264
55$3,162,625$2,712,903$2,589,704$3,109,905
56$3,417,612$2,778,235$2,608,858$3,266,918
57$3,696,478$2,844,638$2,626,524$3,436,407
58$4,001,591$2,912,098$2,642,586$3,619,585
59$4,335,561$2,980,598$2,656,920$3,817,794
60$4,701,259$3,050,118$2,669,397$4,032,510
61$5,101,847$3,120,633$2,679,881$4,265,361
62$5,540,808$3,192,117$2,688,231$4,518,141
63$6,021,978$3,264,539$2,694,294$4,792,829
64$6,549,583$3,337,864$2,697,915$5,091,604
65$7,128,273$3,412,052$2,698,929$5,416,870
66$7,763,175$3,487,061$2,697,161$5,771,278
67$8,459,934$3,562,841$2,692,430$6,157,748
68$9,224,766$3,639,340$2,684,546$6,579,502
69$10,064,522$3,716,497$2,673,308$7,040,089
70$10,986,746$3,794,248$2,658,507$7,543,423
71$11,999,749$3,872,522$2,639,922$8,093,820
72$13,112,689$3,951,240$2,617,324$8,696,037
73$14,335,650$4,030,318$2,590,472$9,355,318
74$15,679,746$4,109,663$2,559,112$10,077,445
75$17,157,218$4,189,175$2,522,980$10,868,791
76$18,781,553$4,268,744$2,481,799$11,736,384
77$20,567,611$4,348,252$2,435,279$12,687,970
78$22,531,763$4,427,572$2,383,117$13,732,089
79$24,692,046$4,506,565$2,324,993$14,878,155
80$27,068,331$4,585,084$2,260,578$16,136,546
81$29,682,515$4,662,967$2,189,521$17,518,705
82$32,558,722$4,740,043$2,111,461$19,037,243
83$35,723,533$4,816,126$2,026,016$20,706,064
84$39,206,235$4,891,018$1,932,789$22,540,496
85$43,039,097$4,964,504$1,831,364$24,557,433
86$47,257,678$5,036,357$1,721,307$26,775,502
87$51,901,154$5,106,332$1,602,164$29,215,233
88$57,012,695$5,174,166$1,473,460$31,899,258
89$62,639,869$5,239,579$1,334,700$34,852,524
90$68,835,089$5,302,271$1,185,365$38,102,532
91$75,656,108$5,361,923$1,024,915$41,679,594
92$83,166,567$5,418,193$852,785$45,617,123
93$91,436,588$5,470,716$668,386$49,951,952
94$100,543,444$5,519,104$471,100$54,724,676
95$110,572,278$5,562,944$260,285$59,980,045
96$121,616,917$5,601,794$35,271$65,767,383
97$133,780,745$5,635,185$0$72,141,058
98$147,177,690$5,662,617$0$79,222,198
99$161,933,289$5,683,561$0$87,030,875
100$178,185,878$5,697,449$0$95,629,569