Can I retire at age 53 with 2,380,000?

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 $2,380,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$196,538$194,788$193,080$191,412$189,785$182,399
2 years$97,296$95,484$93,728$92,025$90,374$83,022
3 years$64,220$62,400$60,648$58,961$57,337$50,250
4 years$47,685$45,871$44,136$42,478$40,893$34,126
5 years$37,766$35,963$34,252$32,627$31,086$24,656
6 years$31,156$29,367$27,680$26,092$24,597$18,508
7 years$26,437$24,662$23,003$21,452$20,004$14,254
8 years$22,899$21,140$19,508$17,996$16,596$11,178
9 years$20,148$18,406$16,802$15,328$13,976$8,884
10 years$17,949$16,224$14,649$13,213$11,908$7,131
11 years$16,151$14,443$12,896$11,499$10,241$5,769
12 years$14,654$12,964$11,445$10,086$8,875$4,696
13 years$13,388$11,715$10,226$8,905$7,739$3,840
14 years$12,304$10,649$9,188$7,905$6,784$3,153
15 years$11,365$9,728$8,295$7,050$5,973$2,596
16 years$10,544$8,925$7,521$6,312$5,279$2,144
17 years$9,821$8,220$6,844$5,671$4,681$1,773
18 years$9,179$7,595$6,247$5,111$4,162$1,470
19 years$8,605$7,039$5,719$4,618$3,710$1,220
20 years$8,089$6,541$5,249$4,183$3,314$1,013
21 years$7,623$6,093$4,828$3,796$2,965$843
22 years$7,199$5,688$4,450$3,452$2,658$701
23 years$6,814$5,319$4,108$3,143$2,386$584
24 years$6,460$4,984$3,800$2,867$2,145$486
25 years$6,136$4,677$3,519$2,618$1,930$406
26 years$5,837$4,396$3,264$2,394$1,738$338
27 years$5,561$4,137$3,031$2,191$1,567$282
28 years$5,305$3,898$2,818$2,008$1,414$235
29 years$5,066$3,678$2,622$1,841$1,277$196
30 years$4,845$3,473$2,442$1,690$1,154$164
31 years$4,638$3,283$2,277$1,552$1,043$137
32 years$4,444$3,107$2,124$1,426$944$114
33 years$4,262$2,942$1,983$1,311$854$95
34 years$4,092$2,788$1,853$1,207$773$80
35 years$3,931$2,645$1,733$1,111$700$67
36 years$3,780$2,510$1,621$1,023$634$56
37 years$3,637$2,384$1,517$943$575$46
38 years$3,502$2,266$1,421$869$521$39
39 years$3,375$2,155$1,331$801$473$32
40 years$3,254$2,050$1,248$739$429$27
41 years$3,139$1,951$1,170$682$389$23
42 years$3,030$1,858$1,097$629$353$19
43 years$2,926$1,771$1,030$581$320$16
44 years$2,828$1,688$967$536$291$13
45 years$2,734$1,609$908$495$264$11
46 years$2,644$1,535$852$457$240$9
47 years$2,559$1,465$801$423$218$8
48 years$2,477$1,399$753$391$198$6
49 years$2,399$1,336$707$361$180$5
50 years$2,324$1,276$665$334$163$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,380,000, adding $6,762 every year, while hoping to spend $28,560 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: 82/13/5 Blend
52$2,380,000$2,380,000$2,380,000$2,380,000
53$2,629,735$2,503,595$2,466,705$2,844,576
54$2,867,580$2,595,884$2,518,952$3,078,214
55$3,128,729$2,691,737$2,571,992$3,330,098
56$3,415,527$2,791,300$2,625,822$3,605,710
57$3,730,560$2,894,723$2,680,436$3,907,406
58$4,076,676$3,002,163$2,735,829$4,237,780
59$4,457,012$3,113,784$2,791,995$4,599,691
60$4,875,025$3,229,757$2,848,924$4,996,283
61$5,334,521$3,350,260$2,906,607$5,431,022
62$5,839,698$3,475,478$2,965,034$5,907,724
63$6,395,175$3,605,604$3,024,191$6,430,591
64$7,006,046$3,740,842$3,084,064$7,004,250
65$7,677,920$3,881,401$3,144,638$7,633,801
66$8,416,980$4,027,501$3,205,895$8,324,857
67$9,230,034$4,179,371$3,267,815$9,083,603
68$10,124,587$4,337,250$3,330,376$9,916,851
69$11,108,908$4,501,387$3,393,556$10,832,106
70$12,192,104$4,672,043$3,457,328$11,837,633
71$13,384,215$4,849,489$3,521,665$12,942,539
72$14,696,299$5,034,008$3,586,535$14,156,854
73$16,140,543$5,225,896$3,651,905$15,491,630
74$17,730,374$5,425,461$3,717,739$16,959,040
75$19,480,588$5,633,024$3,783,999$18,572,496
76$21,407,487$5,848,922$3,850,643$20,346,774
77$23,529,037$6,073,505$3,917,626$22,298,152
78$25,865,032$6,307,140$3,984,899$24,444,566
79$28,437,283$6,550,207$4,052,411$26,805,776
80$31,269,825$6,803,107$4,120,106$29,403,551
81$34,389,142$7,066,254$4,187,925$32,261,877
82$37,824,419$7,340,085$4,255,804$35,407,183
83$41,607,812$7,625,052$4,323,676$38,868,586
84$45,774,759$7,921,629$4,391,469$42,678,169
85$50,364,307$8,230,312$4,459,106$46,871,281
86$55,419,485$8,551,616$4,526,506$51,486,871
87$60,987,710$8,886,082$4,593,580$56,567,855
88$67,121,229$9,234,273$4,660,238$62,161,521
89$73,877,620$9,596,778$4,726,382$68,319,970
90$81,320,328$9,974,211$4,791,907$75,100,616
91$89,519,270$10,367,215$4,856,703$82,566,717
92$98,551,487$10,776,461$4,920,655$90,787,981
93$108,501,881$11,202,649$4,983,639$99,841,213
94$119,464,005$11,646,512$5,045,524$109,811,049
95$131,540,958$12,108,815$5,106,172$120,790,748
96$144,846,345$12,590,356$5,165,439$132,883,072
97$159,505,360$13,091,972$5,223,169$146,201,256
98$175,655,963$13,614,535$5,279,201$160,870,077
99$193,450,180$14,158,956$5,333,364$177,027,028
100$213,055,543$14,726,189$5,385,476$194,823,619