Can I retire at age 53 with 2,390,000?

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 $2,390,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$197,364$195,606$193,891$192,217$190,582$184,481
2 years$97,705$95,885$94,122$92,412$90,753$84,663
3 years$64,490$62,662$60,903$59,209$57,578$51,689
4 years$47,885$46,063$44,322$42,657$41,065$35,423
5 years$37,925$36,114$34,396$32,765$31,217$25,837
6 years$31,287$29,490$27,797$26,202$24,701$19,588
7 years$26,548$24,766$23,099$21,542$20,088$15,241
8 years$22,995$21,229$19,590$18,071$16,665$12,081
9 years$20,233$18,483$16,873$15,393$14,035$9,707
10 years$18,025$16,292$14,710$13,269$11,958$7,882
11 years$16,219$14,504$12,951$11,548$10,284$6,451
12 years$14,715$13,018$11,493$10,129$8,912$5,314
13 years$13,444$11,764$10,268$8,942$7,772$4,400
14 years$12,355$10,694$9,226$7,938$6,813$3,658
15 years$11,413$9,769$8,330$7,079$5,998$3,051
16 years$10,589$8,963$7,552$6,339$5,301$2,552
17 years$9,862$8,254$6,872$5,695$4,701$2,140
18 years$9,217$7,627$6,274$5,133$4,180$1,797
19 years$8,641$7,069$5,743$4,638$3,725$1,512
20 years$8,123$6,569$5,271$4,200$3,327$1,273
21 years$7,655$6,119$4,848$3,812$2,978$1,074
22 years$7,230$5,711$4,468$3,466$2,669$906
23 years$6,842$5,342$4,126$3,157$2,396$765
24 years$6,488$5,005$3,816$2,879$2,154$647
25 years$6,162$4,697$3,534$2,629$1,938$547
26 years$5,862$4,414$3,278$2,404$1,746$463
27 years$5,584$4,154$3,044$2,201$1,574$392
28 years$5,327$3,915$2,829$2,016$1,420$332
29 years$5,088$3,693$2,633$1,849$1,282$281
30 years$4,865$3,488$2,453$1,697$1,159$238
31 years$4,657$3,297$2,286$1,558$1,047$202
32 years$4,463$3,120$2,133$1,432$948$171
33 years$4,280$2,954$1,992$1,317$858$145
34 years$4,109$2,800$1,861$1,212$776$123
35 years$3,948$2,656$1,740$1,115$703$104
36 years$3,796$2,521$1,628$1,027$637$88
37 years$3,653$2,394$1,523$947$577$75
38 years$3,517$2,275$1,427$872$524$63
39 years$3,389$2,164$1,337$804$475$54
40 years$3,268$2,058$1,253$742$431$46
41 years$3,152$1,959$1,175$685$391$39
42 years$3,043$1,866$1,102$632$354$33
43 years$2,939$1,778$1,034$583$322$28
44 years$2,840$1,695$971$538$292$24
45 years$2,745$1,616$911$497$265$20
46 years$2,655$1,542$856$459$241$17
47 years$2,569$1,471$804$424$219$14
48 years$2,487$1,405$756$392$198$12
49 years$2,409$1,341$710$362$180$10
50 years$2,333$1,281$668$335$164$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,390,000, adding $5,433 every year, while hoping to spend $28,948 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: 36/45/19 Blend
52$2,390,000$2,390,000$2,390,000$2,390,000
53$2,639,384$2,512,714$2,475,669$2,718,993
54$2,877,801$2,605,037$2,527,804$2,869,767
55$3,139,566$2,700,913$2,580,714$3,029,326
56$3,427,030$2,800,486$2,634,397$3,200,979
57$3,742,784$2,903,906$2,688,845$3,385,823
58$4,089,679$3,011,329$2,744,053$3,585,062
59$4,470,859$3,122,917$2,800,012$3,800,019
60$4,889,787$3,238,840$2,856,713$4,032,146
61$5,350,277$3,359,275$2,914,144$4,283,036
62$5,856,531$3,484,405$2,972,294$4,554,442
63$6,413,180$3,614,424$3,031,148$4,848,289
64$7,025,324$3,749,531$3,090,692$5,166,692
65$7,698,584$3,889,935$3,150,907$5,511,976
66$8,439,152$4,035,854$3,211,775$5,886,696
67$9,253,850$4,187,515$3,273,274$6,293,663
68$10,150,196$4,345,156$3,335,381$6,735,966
69$11,136,470$4,509,024$3,398,071$7,217,002
70$12,221,800$4,679,376$3,461,317$7,740,509
71$13,416,240$4,856,482$3,525,087$8,310,596
72$14,730,870$5,040,622$3,589,350$8,931,785
73$16,177,895$5,232,090$3,654,070$9,609,051
74$17,770,769$5,431,190$3,719,210$10,347,866
75$19,524,311$5,638,242$3,784,727$11,154,253
76$21,454,854$5,853,579$3,850,579$12,034,840
77$23,580,393$6,077,548$3,916,717$12,996,920
78$25,920,757$6,310,512$3,983,091$14,048,522
79$28,497,795$6,552,848$4,049,645$15,198,482
80$31,335,585$6,804,952$4,116,323$16,456,526
81$34,460,656$7,067,237$4,183,061$17,833,362
82$37,902,243$7,340,131$4,249,794$19,340,779
83$41,692,560$7,624,086$4,316,450$20,991,753
84$45,867,104$7,919,569$4,382,954$22,800,576
85$50,464,991$8,227,071$4,449,226$24,782,980
86$55,529,326$8,547,103$4,515,181$26,956,290
87$61,107,605$8,880,199$4,580,727$29,339,584
88$67,252,169$9,226,917$4,645,770$31,953,872
89$74,020,693$9,587,839$4,710,206$34,822,289
90$81,476,735$9,963,573$4,773,929$37,970,315
91$89,690,329$10,354,756$4,836,822$41,426,012
92$98,738,653$10,762,049$4,898,767$45,220,289
93$108,706,753$11,186,147$4,959,633$49,387,187
94$119,688,348$11,627,774$5,019,286$53,964,201
95$131,786,710$12,087,686$5,077,584$58,992,631
96$145,115,646$12,566,674$5,134,374$64,517,969
97$159,800,563$13,065,563$5,189,497$70,590,327
98$175,979,661$13,585,215$5,242,785$77,264,904
99$193,805,228$14,126,533$5,294,061$84,602,508
100$213,445,087$14,690,458$5,343,137$92,670,126