Can I retire at age 53 with 2,360,000?

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 $2,360,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$194,887$193,151$191,457$189,804$188,190$183,269
2 years$96,479$94,682$92,940$91,252$89,614$84,690
3 years$63,680$61,876$60,139$58,466$56,855$52,081
4 years$47,284$45,485$43,765$42,121$40,549$35,963
5 years$37,449$35,661$33,964$32,353$30,825$26,439
6 years$30,895$29,120$27,448$25,873$24,391$20,209
7 years$26,215$24,455$22,809$21,272$19,836$15,859
8 years$22,706$20,962$19,344$17,844$16,456$12,682
9 years$19,979$18,251$16,661$15,199$13,858$10,284
10 years$17,798$16,088$14,525$13,102$11,808$8,429
11 years$16,015$14,322$12,788$11,403$10,155$6,966
12 years$14,531$12,855$11,349$10,002$8,800$5,795
13 years$13,275$11,617$10,140$8,830$7,674$4,847
14 years$12,200$10,559$9,110$7,838$6,727$4,072
15 years$11,269$9,646$8,226$6,990$5,923$3,432
16 years$10,456$8,850$7,458$6,259$5,235$2,902
17 years$9,738$8,151$6,786$5,624$4,642$2,460
18 years$9,102$7,532$6,195$5,068$4,127$2,089
19 years$8,532$6,980$5,671$4,580$3,679$1,777
20 years$8,021$6,486$5,205$4,148$3,286$1,514
21 years$7,559$6,042$4,787$3,764$2,940$1,292
22 years$7,139$5,640$4,412$3,423$2,636$1,103
23 years$6,756$5,275$4,074$3,117$2,366$943
24 years$6,406$4,942$3,768$2,843$2,127$806
25 years$6,084$4,638$3,490$2,596$1,914$690
26 years$5,788$4,359$3,236$2,374$1,724$591
27 years$5,514$4,102$3,005$2,173$1,554$506
28 years$5,260$3,866$2,794$1,991$1,402$434
29 years$5,024$3,647$2,600$1,826$1,266$372
30 years$4,804$3,444$2,422$1,675$1,144$319
31 years$4,599$3,256$2,258$1,539$1,034$274
32 years$4,407$3,080$2,106$1,414$936$235
33 years$4,226$2,917$1,967$1,300$847$202
34 years$4,057$2,765$1,838$1,197$767$173
35 years$3,898$2,622$1,718$1,101$694$148
36 years$3,748$2,489$1,607$1,014$629$127
37 years$3,607$2,364$1,504$935$570$109
38 years$3,473$2,247$1,409$862$517$94
39 years$3,346$2,136$1,320$794$469$81
40 years$3,226$2,033$1,237$733$425$69
41 years$3,113$1,935$1,160$676$386$60
42 years$3,005$1,843$1,088$624$350$51
43 years$2,902$1,756$1,021$576$318$44
44 years$2,804$1,674$958$532$288$38
45 years$2,711$1,596$900$491$262$32
46 years$2,622$1,522$845$454$238$28
47 years$2,537$1,453$794$419$216$24
48 years$2,456$1,387$746$387$196$21
49 years$2,378$1,324$701$358$178$18
50 years$2,304$1,265$659$331$162$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,360,000, adding $3,150 every year, while hoping to spend $39,472 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: 40/48/12 Blend
52$2,360,000$2,360,000$2,360,000$2,360,000
53$2,603,969$2,478,889$2,442,309$2,698,673
54$2,827,576$2,558,357$2,482,129$2,845,283
55$3,072,668$2,640,396$2,521,959$2,999,658
56$3,341,395$2,725,089$2,561,759$3,165,787
57$3,636,124$2,812,526$2,601,485$3,344,753
58$3,959,464$2,902,795$2,641,090$3,537,744
59$4,314,286$2,995,989$2,680,524$3,746,068
60$4,703,756$3,092,205$2,719,734$3,971,161
61$5,131,358$3,191,542$2,758,664$4,214,604
62$5,600,932$3,294,103$2,797,255$4,478,131
63$6,116,707$3,399,994$2,835,443$4,763,655
64$6,683,342$3,509,324$2,873,161$5,073,275
65$7,305,970$3,622,208$2,910,339$5,409,303
66$7,990,245$3,738,763$2,946,901$5,774,281
67$8,742,397$3,859,109$2,982,769$6,171,005
68$9,569,288$3,983,372$3,017,859$6,602,555
69$10,478,480$4,111,682$3,052,082$7,072,318
70$11,478,304$4,244,172$3,085,345$7,584,021
71$12,577,936$4,380,982$3,117,549$8,141,767
72$13,787,489$4,522,254$3,148,590$8,750,074
73$15,118,104$4,668,136$3,178,360$9,413,914
74$16,582,058$4,818,782$3,206,742$10,138,761
75$18,192,875$4,974,349$3,233,615$10,930,641
76$19,965,458$5,135,002$3,258,851$11,796,191
77$21,916,227$5,300,909$3,282,314$12,742,717
78$24,063,275$5,472,246$3,303,864$13,778,264
79$26,426,536$5,649,194$3,323,352$14,911,693
80$29,027,978$5,831,940$3,340,619$16,152,763
81$31,891,804$6,020,677$3,355,502$17,512,218
82$35,044,683$6,215,605$3,367,827$19,001,896
83$38,516,004$6,416,933$3,377,412$20,634,831
84$42,338,148$6,624,874$3,384,066$22,425,381
85$46,546,795$6,839,649$3,387,589$24,389,363
86$51,181,265$7,061,489$3,387,770$26,544,197
87$56,284,882$7,290,629$3,384,388$28,909,072
88$61,905,386$7,527,316$3,377,211$31,505,129
89$68,095,384$7,771,803$3,365,996$34,355,652
90$74,912,844$8,024,353$3,350,488$37,486,297
91$82,421,645$8,285,237$3,330,421$40,925,325
92$90,692,176$8,554,737$3,305,513$44,703,869
93$99,802,003$8,833,144$3,275,472$48,856,232
94$109,836,597$9,120,758$3,239,990$53,420,203
95$120,890,146$9,417,891$3,198,746$58,437,417
96$133,066,438$9,724,865$3,151,401$63,953,745
97$146,479,845$10,042,014$3,097,604$70,019,727
98$161,256,400$10,369,683$3,036,984$76,691,045
99$177,534,985$10,708,230$2,969,156$84,029,052
100$195,468,645$11,058,024$2,893,713$92,101,347