Can I retire at age 53 with 2,480,000?

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 $2,480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$204,796$202,972$201,192$199,455$197,759$194,803
2 years$101,384$99,496$97,666$95,892$94,171$91,200
3 years$66,918$65,022$63,196$61,439$59,746$56,852
4 years$49,688$47,798$45,991$44,263$42,611$39,817
5 years$39,353$37,474$35,691$33,998$32,392$29,705
6 years$32,465$30,600$28,843$27,189$25,631$23,054
7 years$27,548$25,698$23,969$22,353$20,845$18,380
8 years$23,861$22,028$20,328$18,752$17,293$14,938
9 years$20,995$19,179$17,508$15,972$14,563$12,319
10 years$18,703$16,906$15,264$13,768$12,408$10,272
11 years$16,830$15,050$13,438$11,983$10,672$8,641
12 years$15,270$13,508$11,926$10,510$9,248$7,321
13 years$13,950$12,207$10,655$9,279$8,064$6,238
14 years$12,821$11,096$9,574$8,237$7,069$5,341
15 years$11,842$10,137$8,644$7,346$6,224$4,590
16 years$10,987$9,300$7,837$6,577$5,501$3,959
17 years$10,234$8,565$7,131$5,910$4,878$3,424
18 years$9,564$7,915$6,510$5,326$4,337$2,968
19 years$8,966$7,335$5,959$4,812$3,866$2,578
20 years$8,429$6,816$5,469$4,359$3,453$2,243
21 years$7,943$6,349$5,031$3,956$3,090$1,955
22 years$7,502$5,927$4,637$3,597$2,770$1,706
23 years$7,100$5,543$4,281$3,275$2,486$1,490
24 years$6,732$5,193$3,959$2,987$2,235$1,303
25 years$6,394$4,874$3,667$2,728$2,011$1,140
26 years$6,082$4,581$3,401$2,495$1,811$999
27 years$5,794$4,311$3,158$2,283$1,633$875
28 years$5,527$4,062$2,936$2,092$1,474$767
29 years$5,279$3,832$2,732$1,918$1,331$673
30 years$5,048$3,619$2,545$1,761$1,202$591
31 years$4,832$3,421$2,373$1,617$1,087$519
32 years$4,631$3,237$2,214$1,486$983$455
33 years$4,441$3,066$2,067$1,367$890$400
34 years$4,264$2,905$1,931$1,257$806$352
35 years$4,096$2,756$1,805$1,157$730$309
36 years$3,939$2,616$1,689$1,066$661$272
37 years$3,790$2,484$1,581$982$599$239
38 years$3,650$2,361$1,480$905$543$210
39 years$3,517$2,245$1,387$835$493$185
40 years$3,391$2,136$1,300$770$447$162
41 years$3,271$2,033$1,219$710$405$143
42 years$3,157$1,936$1,143$656$368$126
43 years$3,049$1,845$1,073$605$334$111
44 years$2,947$1,759$1,007$559$303$97
45 years$2,849$1,677$946$516$275$86
46 years$2,755$1,600$888$477$250$75
47 years$2,666$1,527$834$440$227$66
48 years$2,581$1,457$784$407$206$58
49 years$2,499$1,392$737$376$187$51
50 years$2,421$1,330$693$348$170$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,480,000, adding $2,075 every year, while hoping to spend $35,511 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: 47/30/23 Blend
52$2,480,000$2,480,000$2,480,000$2,480,000
53$2,735,100$2,603,660$2,565,220$2,845,605
54$2,976,297$2,693,456$2,613,372$3,013,043
55$3,240,906$2,786,462$2,661,946$3,190,994
56$3,531,277$2,882,797$2,710,920$3,383,433
57$3,850,000$2,982,587$2,760,268$3,591,736
58$4,199,926$3,085,960$2,809,963$3,817,412
59$4,584,197$3,193,051$2,859,976$4,062,126
60$5,006,274$3,303,999$2,910,274$4,327,706
61$5,469,969$3,418,950$2,960,824$4,616,164
62$5,979,483$3,538,056$3,011,588$4,929,715
63$6,539,441$3,661,471$3,062,527$5,270,795
64$7,154,942$3,789,361$3,113,600$5,642,085
65$7,831,601$3,921,895$3,164,760$6,046,538
66$8,575,605$4,059,249$3,215,961$6,487,401
67$9,393,771$4,201,606$3,267,150$6,968,251
68$10,293,609$4,349,158$3,318,272$7,493,025
69$11,283,392$4,502,102$3,369,270$8,066,056
70$12,372,239$4,660,645$3,420,080$8,692,118
71$13,570,193$4,825,002$3,470,639$9,376,465
72$14,888,321$4,995,397$3,520,874$10,124,883
73$16,338,819$5,172,060$3,570,713$10,943,743
74$17,935,122$5,355,235$3,620,075$11,840,062
75$19,692,035$5,545,172$3,668,878$12,821,567
76$21,625,871$5,742,133$3,717,033$13,896,769
77$23,754,603$5,946,390$3,764,447$15,075,040
78$26,098,036$6,158,228$3,811,020$16,366,705
79$28,677,995$6,377,940$3,856,648$17,783,134
80$31,518,525$6,605,833$3,901,220$19,336,853
81$34,646,123$6,842,228$3,944,620$21,041,658
82$38,089,987$7,087,456$3,986,723$22,912,748
83$41,882,288$7,341,864$4,027,401$24,966,864
84$46,058,479$7,605,813$4,066,517$27,222,448
85$50,657,623$7,879,677$4,103,924$29,699,818
86$55,722,767$8,163,847$4,139,472$32,421,356
87$61,301,345$8,458,732$4,173,000$35,411,721
88$67,445,625$8,764,753$4,204,339$38,698,077
89$74,213,206$9,082,353$4,233,312$42,310,354
90$81,667,557$9,411,992$4,259,731$46,281,525
91$89,878,616$9,754,147$4,283,400$50,647,919
92$98,923,453$10,109,319$4,304,113$55,449,562
93$108,886,996$10,478,027$4,321,652$60,730,553
94$119,862,832$10,860,812$4,335,789$66,539,481
95$131,954,087$11,258,238$4,346,284$72,929,880
96$145,274,406$11,670,894$4,352,887$79,960,737
97$159,949,019$12,099,391$4,355,332$87,697,043
98$176,115,926$12,544,368$4,353,342$96,210,410
99$193,927,198$13,006,491$4,346,628$105,579,742
100$213,550,416$13,486,452$4,334,883$115,891,981