Can I retire at age 53 with 2,470,000?

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 $2,470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$203,970$202,153$200,381$198,651$196,961$192,827
2 years$100,975$99,095$97,272$95,505$93,791$89,645
3 years$66,648$64,760$62,942$61,191$59,505$55,477
4 years$49,488$47,605$45,805$44,085$42,439$38,560
5 years$39,195$37,323$35,547$33,861$32,262$28,543
6 years$32,335$30,477$28,727$27,079$25,528$21,972
7 years$27,436$25,595$23,872$22,263$20,761$17,370
8 years$23,765$21,939$20,246$18,676$17,223$13,996
9 years$20,910$19,102$17,438$15,908$14,504$11,439
10 years$18,628$16,838$15,202$13,713$12,358$9,451
11 years$16,762$14,989$13,384$11,934$10,629$7,876
12 years$15,208$13,454$11,878$10,468$9,211$6,608
13 years$13,894$12,158$10,612$9,242$8,032$5,575
14 years$12,769$11,052$9,535$8,204$7,041$4,725
15 years$11,795$10,096$8,609$7,316$6,199$4,020
16 years$10,943$9,263$7,805$6,551$5,479$3,430
17 years$10,192$8,531$7,102$5,886$4,858$2,935
18 years$9,526$7,883$6,484$5,304$4,319$2,516
19 years$8,930$7,306$5,935$4,793$3,850$2,162
20 years$8,395$6,789$5,447$4,341$3,439$1,860
21 years$7,911$6,323$5,010$3,940$3,077$1,603
22 years$7,472$5,903$4,618$3,582$2,758$1,382
23 years$7,071$5,521$4,264$3,262$2,476$1,194
24 years$6,705$5,172$3,943$2,975$2,226$1,031
25 years$6,368$4,854$3,652$2,717$2,003$892
26 years$6,058$4,562$3,387$2,485$1,804$772
27 years$5,771$4,293$3,145$2,274$1,626$668
28 years$5,505$4,046$2,924$2,084$1,468$579
29 years$5,258$3,817$2,721$1,911$1,325$502
30 years$5,028$3,604$2,535$1,754$1,197$435
31 years$4,813$3,407$2,363$1,611$1,083$377
32 years$4,612$3,224$2,205$1,480$979$327
33 years$4,423$3,053$2,058$1,361$886$284
34 years$4,246$2,894$1,923$1,252$802$246
35 years$4,080$2,745$1,798$1,153$727$214
36 years$3,923$2,605$1,682$1,062$658$185
37 years$3,775$2,474$1,574$978$597$161
38 years$3,635$2,351$1,474$902$541$140
39 years$3,502$2,236$1,381$831$491$121
40 years$3,377$2,127$1,295$767$445$105
41 years$3,258$2,025$1,214$707$404$91
42 years$3,145$1,929$1,139$653$366$79
43 years$3,037$1,838$1,069$603$332$69
44 years$2,935$1,752$1,003$557$302$60
45 years$2,837$1,670$942$514$274$52
46 years$2,744$1,593$885$475$249$45
47 years$2,655$1,521$831$439$226$39
48 years$2,570$1,452$781$405$205$34
49 years$2,489$1,386$734$375$186$30
50 years$2,412$1,324$690$346$169$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,470,000, adding $3,414 every year, while hoping to spend $57,209 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: 32/45/23 Blend
52$2,470,000$2,470,000$2,470,000$2,470,000
53$2,725,462$2,594,552$2,556,267$2,793,282
54$2,942,589$2,660,815$2,581,032$2,911,034
55$3,179,945$2,728,407$2,604,709$3,032,390
56$3,439,535$2,797,334$2,627,201$3,161,939
57$3,723,562$2,867,598$2,648,407$3,300,435
58$4,034,456$2,939,201$2,668,219$3,448,709
59$4,374,890$3,012,141$2,686,525$3,607,678
60$4,747,809$3,086,417$2,703,204$3,778,351
61$5,156,457$3,162,023$2,718,132$3,961,838
62$5,604,405$3,238,951$2,731,179$4,159,366
63$6,095,585$3,317,191$2,742,205$4,372,284
64$6,634,332$3,396,730$2,751,065$4,602,078
65$7,225,416$3,477,552$2,757,608$4,850,388
66$7,874,093$3,559,637$2,761,673$5,119,021
67$8,586,154$3,642,962$2,763,092$5,409,967
68$9,367,976$3,727,501$2,761,690$5,725,420
69$10,226,583$3,813,223$2,757,280$6,067,801
70$11,169,715$3,900,091$2,749,669$6,439,775
71$12,205,897$3,988,067$2,738,655$6,844,281
72$13,344,521$4,077,105$2,724,022$7,284,560
73$14,595,934$4,167,155$2,705,549$7,764,185
74$15,971,535$4,258,161$2,683,000$8,287,092
75$17,483,882$4,350,061$2,656,131$8,857,622
76$19,146,810$4,442,786$2,624,683$9,480,563
77$20,975,564$4,536,261$2,588,389$10,161,189
78$22,986,937$4,630,404$2,546,966$10,905,317
79$25,199,434$4,725,124$2,500,119$11,719,361
80$27,633,443$4,820,321$2,447,540$12,610,389
81$30,311,426$4,915,889$2,388,904$13,586,196
82$33,258,134$5,011,710$2,323,875$14,655,373
83$36,500,836$5,107,656$2,252,097$15,827,395
84$40,069,581$5,203,591$2,173,202$17,112,703
85$43,997,476$5,299,365$2,086,802$18,522,812
86$48,321,002$5,394,817$1,992,493$20,070,413
87$53,080,354$5,489,773$1,889,852$21,769,500
88$58,319,825$5,584,046$1,778,436$23,635,497
89$64,088,217$5,677,435$1,657,784$25,685,411
90$70,439,308$5,769,722$1,527,413$27,937,988
91$77,432,355$5,860,676$1,386,819$30,413,896
92$85,132,652$5,950,045$1,235,474$33,135,918
93$93,612,148$6,037,563$1,072,828$36,129,167
94$102,950,126$6,122,943$898,306$39,421,331
95$113,233,948$6,205,876$711,309$43,042,931
96$124,559,882$6,286,035$511,209$47,027,609
97$137,034,007$6,363,068$297,351$51,412,453
98$150,773,217$6,436,599$69,054$56,238,345
99$165,906,321$6,506,229$0$61,550,350
100$182,575,260$6,571,528$0$67,440,988