Can I retire at age 53 with 2,490,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$205,622$203,790$202,003$200,259$198,556$191,893
2 years$101,793$99,897$98,060$96,278$94,551$87,903
3 years$67,188$65,284$63,451$61,687$59,987$53,564
4 years$49,889$47,991$46,176$44,442$42,783$36,634
5 years$39,512$37,625$35,835$34,135$32,523$26,664
6 years$32,596$30,724$28,960$27,298$25,734$20,170
7 years$27,659$25,802$24,066$22,444$20,929$15,659
8 years$23,957$22,117$20,410$18,827$17,363$12,382
9 years$21,079$19,257$17,579$16,037$14,622$9,926
10 years$18,779$16,974$15,326$13,824$12,458$8,039
11 years$16,898$15,111$13,492$12,031$10,715$6,563
12 years$15,331$13,563$11,974$10,553$9,285$5,392
13 years$14,007$12,257$10,698$9,316$8,097$4,452
14 years$12,872$11,141$9,612$8,270$7,098$3,691
15 years$11,890$10,178$8,679$7,375$6,249$3,070
16 years$11,032$9,338$7,868$6,604$5,523$2,560
17 years$10,275$8,600$7,160$5,934$4,897$2,140
18 years$9,603$7,946$6,536$5,347$4,354$1,792
19 years$9,002$7,365$5,984$4,832$3,881$1,503
20 years$8,463$6,844$5,491$4,376$3,467$1,262
21 years$7,975$6,375$5,051$3,972$3,102$1,061
22 years$7,532$5,950$4,655$3,611$2,781$893
23 years$7,129$5,565$4,298$3,289$2,496$752
24 years$6,759$5,214$3,975$2,999$2,244$633
25 years$6,420$4,893$3,682$2,739$2,019$534
26 years$6,107$4,599$3,415$2,505$1,819$450
27 years$5,818$4,328$3,171$2,293$1,640$380
28 years$5,550$4,078$2,948$2,100$1,479$321
29 years$5,301$3,848$2,743$1,926$1,336$271
30 years$5,069$3,634$2,555$1,768$1,207$228
31 years$4,852$3,435$2,382$1,624$1,091$193
32 years$4,649$3,250$2,223$1,492$987$163
33 years$4,459$3,078$2,075$1,372$893$138
34 years$4,281$2,917$1,939$1,262$809$116
35 years$4,113$2,767$1,813$1,162$733$98
36 years$3,955$2,626$1,696$1,070$664$83
37 years$3,805$2,494$1,587$986$602$70
38 years$3,664$2,370$1,486$909$545$59
39 years$3,531$2,254$1,393$838$495$50
40 years$3,404$2,145$1,305$773$449$42
41 years$3,284$2,041$1,224$713$407$36
42 years$3,170$1,944$1,148$658$369$30
43 years$3,062$1,852$1,077$608$335$26
44 years$2,958$1,766$1,011$561$304$22
45 years$2,860$1,684$950$518$276$18
46 years$2,766$1,606$892$479$251$15
47 years$2,677$1,533$838$442$228$13
48 years$2,591$1,463$787$409$207$11
49 years$2,509$1,397$740$378$188$9
50 years$2,431$1,335$696$349$171$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,490,000, adding $5,505 every year, while hoping to spend $35,649 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: 64/16/20 Blend
52$2,490,000$2,490,000$2,490,000$2,490,000
53$2,749,658$2,617,688$2,579,093$2,911,277
54$2,992,193$2,708,025$2,627,563$3,110,994
55$3,258,272$2,801,593$2,676,461$3,324,561
56$3,550,258$2,898,514$2,725,765$3,557,050
57$3,870,756$2,998,912$2,775,449$3,810,312
58$4,222,633$3,102,919$2,825,487$4,086,388
59$4,609,049$3,210,669$2,875,848$4,387,522
60$5,033,484$3,322,304$2,926,501$4,716,185
61$5,499,772$3,437,970$2,977,412$5,075,101
62$6,012,137$3,557,819$3,028,543$5,467,264
63$6,575,232$3,682,009$3,079,857$5,895,977
64$7,194,184$3,810,705$3,131,310$6,364,873
65$7,874,639$3,944,078$3,182,857$6,877,954
66$8,622,820$4,082,306$3,234,450$7,439,630
67$9,445,582$4,225,573$3,286,039$8,054,755
68$10,350,477$4,374,072$3,337,567$8,728,678
69$11,345,828$4,528,003$3,388,978$9,467,288
70$12,440,801$4,687,575$3,440,208$10,277,075
71$13,645,500$4,853,003$3,491,191$11,165,185
72$14,971,053$5,024,512$3,541,859$12,139,492
73$16,429,725$5,202,338$3,592,135$13,208,669
74$18,035,028$5,386,723$3,641,942$14,382,271
75$19,801,849$5,577,921$3,691,196$15,670,824
76$21,746,595$5,776,197$3,739,809$17,085,924
77$23,887,341$5,981,824$3,787,686$18,640,346
78$26,244,005$6,195,088$3,834,728$20,348,167
79$28,838,534$6,416,287$3,880,831$22,224,892
80$31,695,110$6,645,731$3,925,885$24,287,608
81$34,840,380$6,883,741$3,969,772$26,555,137
82$38,303,708$7,130,654$4,012,368$29,048,220
83$42,117,448$7,386,818$4,053,544$31,789,707
84$46,317,253$7,652,597$4,093,163$34,804,777
85$50,942,408$7,928,369$4,131,079$38,121,172
86$56,036,204$8,214,530$4,167,141$41,769,457
87$61,646,344$8,511,489$4,201,187$45,783,312
88$67,825,393$8,819,674$4,233,049$50,199,849
89$74,631,276$9,139,530$4,262,549$55,059,958
90$82,127,821$9,471,522$4,289,499$60,408,696
91$90,385,364$9,816,132$4,313,703$66,295,709
92$99,481,413$10,173,864$4,334,953$72,775,705
93$109,501,376$10,545,242$4,353,033$79,908,964
94$120,539,370$10,930,813$4,367,714$87,761,909
95$132,699,109$11,331,146$4,378,755$96,407,733
96$146,094,879$11,746,834$4,385,905$105,927,089
97$160,852,623$12,178,495$4,388,899$116,408,851
98$177,111,123$12,626,773$4,387,459$127,950,949
99$195,023,313$13,092,341$4,381,295$140,661,298
100$214,757,722$13,575,897$4,370,100$154,658,814