Can I retire at age 53 with 2,520,000?

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 $2,520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$208,099$206,246$204,437$202,672$200,948$194,283
2 years$103,019$101,101$99,241$97,438$95,690$89,039
3 years$67,997$66,070$64,216$62,430$60,709$54,282
4 years$50,490$48,569$46,733$44,977$43,299$37,144
5 years$39,988$38,079$36,266$34,547$32,915$27,050
6 years$32,989$31,094$29,309$27,627$26,044$20,473
7 years$27,992$26,113$24,356$22,714$21,181$15,903
8 years$24,246$22,383$20,655$19,054$17,572$12,583
9 years$21,333$19,489$17,791$16,230$14,798$10,092
10 years$19,005$17,178$15,510$13,990$12,609$8,179
11 years$17,101$15,293$13,655$12,176$10,844$6,682
12 years$15,516$13,726$12,118$10,680$9,397$5,493
13 years$14,175$12,404$10,827$9,429$8,194$4,539
14 years$13,027$11,275$9,728$8,370$7,183$3,765
15 years$12,033$10,300$8,783$7,464$6,325$3,134
16 years$11,165$9,450$7,963$6,683$5,590$2,616
17 years$10,399$8,703$7,246$6,005$4,956$2,188
18 years$9,719$8,042$6,615$5,412$4,407$1,834
19 years$9,111$7,453$6,056$4,890$3,928$1,539
20 years$8,565$6,926$5,558$4,429$3,508$1,293
21 years$8,071$6,451$5,112$4,019$3,140$1,088
22 years$7,623$6,022$4,711$3,655$2,814$916
23 years$7,214$5,632$4,350$3,328$2,526$772
24 years$6,840$5,277$4,023$3,036$2,271$651
25 years$6,497$4,952$3,726$2,772$2,043$549
26 years$6,180$4,654$3,456$2,535$1,840$464
27 years$5,888$4,380$3,209$2,320$1,659$391
28 years$5,617$4,128$2,983$2,126$1,497$331
29 years$5,364$3,894$2,776$1,949$1,352$279
30 years$5,130$3,677$2,586$1,789$1,222$236
31 years$4,910$3,476$2,411$1,643$1,104$199
32 years$4,705$3,289$2,249$1,510$999$169
33 years$4,513$3,115$2,100$1,389$904$143
34 years$4,332$2,952$1,962$1,278$819$121
35 years$4,162$2,800$1,835$1,176$741$102
36 years$4,002$2,658$1,716$1,083$672$86
37 years$3,851$2,524$1,606$998$609$73
38 years$3,708$2,399$1,504$920$552$62
39 years$3,573$2,281$1,409$848$501$52
40 years$3,445$2,170$1,321$782$454$44
41 years$3,324$2,066$1,239$722$412$37
42 years$3,208$1,968$1,162$666$374$32
43 years$3,099$1,875$1,090$615$339$27
44 years$2,994$1,787$1,023$568$308$23
45 years$2,895$1,704$961$524$280$19
46 years$2,800$1,626$903$484$254$16
47 years$2,709$1,551$848$447$230$14
48 years$2,622$1,481$797$414$209$12
49 years$2,540$1,414$749$382$190$10
50 years$2,460$1,351$704$353$173$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,520,000, adding $2,932 every year, while hoping to spend $50,498 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: 38/42/20 Blend
52$2,520,000$2,520,000$2,520,000$2,520,000
53$2,780,064$2,646,504$2,607,444$2,868,936
54$3,009,901$2,722,454$2,641,064$3,009,341
55$3,261,489$2,800,432$2,674,118$3,155,996
56$3,536,994$2,880,485$2,706,533$3,313,451
57$3,838,798$2,962,661$2,738,233$3,482,711
58$4,169,530$3,047,005$2,769,138$3,664,880
59$4,532,080$3,133,566$2,799,162$3,861,171
60$4,929,633$3,222,392$2,828,216$4,072,921
61$5,365,699$3,313,532$2,856,204$4,301,602
62$5,844,140$3,407,036$2,883,027$4,548,833
63$6,369,214$3,502,951$2,908,579$4,816,396
64$6,945,607$3,601,330$2,932,750$5,106,254
65$7,578,485$3,702,220$2,955,423$5,420,567
66$8,273,535$3,805,674$2,976,475$5,761,715
67$9,037,025$3,911,742$2,995,776$6,132,317
68$9,875,859$4,020,474$3,013,191$6,535,259
69$10,797,640$4,131,921$3,028,577$6,973,718
70$11,810,748$4,246,134$3,041,783$7,451,195
71$12,924,413$4,363,163$3,052,652$7,971,545
72$14,148,805$4,483,060$3,061,017$8,539,013
73$15,495,127$4,605,873$3,066,705$9,158,279
74$16,975,722$4,731,654$3,069,532$9,834,496
75$18,604,192$4,860,451$3,069,307$10,573,340
76$20,395,519$4,992,312$3,065,829$11,381,067
77$22,366,212$5,127,286$3,058,885$12,264,568
78$24,534,463$5,265,420$3,048,254$13,231,434
79$26,920,313$5,406,760$3,033,705$14,290,032
80$29,545,844$5,551,351$3,014,993$15,449,578
81$32,435,388$5,699,235$2,991,864$16,720,228
82$35,615,756$5,850,456$2,964,050$18,113,173
83$39,116,488$6,005,054$2,931,271$19,640,743
84$42,970,135$6,163,066$2,893,233$21,316,526
85$47,212,562$6,324,529$2,849,630$23,155,493
86$51,883,290$6,489,478$2,800,139$25,174,142
87$57,025,866$6,657,943$2,744,424$27,390,655
88$62,688,276$6,829,953$2,682,133$29,825,065
89$68,923,392$7,005,534$2,612,898$32,499,450
90$75,789,480$7,184,706$2,536,331$35,438,137
91$83,350,739$7,367,489$2,452,030$38,667,937
92$91,677,914$7,553,896$2,359,574$42,218,393
93$100,848,962$7,743,937$2,258,520$46,122,065
94$110,949,784$7,937,618$2,148,407$50,414,831
95$122,075,037$8,134,936$2,028,755$55,136,231
96$134,329,030$8,335,888$1,899,057$60,329,839
97$147,826,704$8,540,459$1,758,788$66,043,672
98$162,694,718$8,748,632$1,607,398$72,330,651
99$179,072,645$8,960,381$1,444,312$79,249,091
100$197,114,288$9,175,672$1,268,929$86,863,262