Can I retire at age 53 with 2,410,000?

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 $2,410,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$199,016$197,243$195,513$193,825$192,177$188,760
2 years$98,523$96,688$94,909$93,185$91,513$88,082
3 years$65,029$63,186$61,413$59,705$58,059$54,722
4 years$48,286$46,449$44,693$43,014$41,408$38,190
5 years$38,243$36,416$34,683$33,039$31,478$28,387
6 years$31,549$29,737$28,029$26,421$24,908$21,948
7 years$26,770$24,973$23,292$21,722$20,256$17,429
8 years$23,187$21,406$19,754$18,222$16,805$14,109
9 years$20,402$18,638$17,014$15,521$14,152$11,586
10 years$18,175$16,429$14,833$13,380$12,058$9,620
11 years$16,355$14,625$13,059$11,644$10,370$8,057
12 years$14,839$13,127$11,589$10,214$8,987$6,795
13 years$13,557$11,863$10,354$9,017$7,837$5,764
14 years$12,459$10,783$9,303$8,004$6,870$4,911
15 years$11,508$9,851$8,400$7,138$6,049$4,201
16 years$10,677$9,038$7,616$6,392$5,346$3,605
17 years$9,945$8,323$6,930$5,743$4,740$3,102
18 years$9,294$7,691$6,326$5,176$4,214$2,676
19 years$8,713$7,128$5,791$4,677$3,756$2,312
20 years$8,191$6,624$5,315$4,236$3,355$2,002
21 years$7,719$6,170$4,889$3,844$3,003$1,735
22 years$7,290$5,759$4,506$3,495$2,691$1,506
23 years$6,899$5,387$4,160$3,183$2,416$1,308
24 years$6,542$5,047$3,848$2,903$2,172$1,138
25 years$6,213$4,736$3,564$2,651$1,954$990
26 years$5,911$4,451$3,305$2,424$1,760$862
27 years$5,631$4,189$3,069$2,219$1,587$751
28 years$5,371$3,947$2,853$2,033$1,432$655
29 years$5,130$3,724$2,655$1,864$1,293$571
30 years$4,906$3,517$2,473$1,711$1,168$499
31 years$4,696$3,325$2,306$1,571$1,056$435
32 years$4,500$3,146$2,151$1,444$955$380
33 years$4,316$2,979$2,008$1,328$865$332
34 years$4,143$2,823$1,877$1,222$783$290
35 years$3,981$2,678$1,755$1,125$709$253
36 years$3,828$2,542$1,641$1,036$642$221
37 years$3,683$2,414$1,536$954$582$193
38 years$3,547$2,294$1,439$880$528$169
39 years$3,417$2,182$1,348$811$479$148
40 years$3,295$2,076$1,263$748$434$129
41 years$3,179$1,976$1,185$690$394$113
42 years$3,068$1,882$1,111$637$357$99
43 years$2,963$1,793$1,043$588$324$86
44 years$2,863$1,709$979$543$294$76
45 years$2,768$1,630$919$501$267$66
46 years$2,677$1,555$863$463$243$58
47 years$2,591$1,484$811$428$220$51
48 years$2,508$1,416$762$395$200$44
49 years$2,429$1,353$716$365$182$39
50 years$2,353$1,292$673$338$165$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,410,000, adding $5,313 every year, while hoping to spend $55,209 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: 80/6/14 Blend
52$2,410,000$2,410,000$2,410,000$2,410,000
53$2,661,300$2,533,570$2,496,215$2,866,354
54$2,874,011$2,598,973$2,521,097$3,067,327
55$3,106,568$2,665,731$2,544,961$3,280,168
56$3,360,937$2,733,851$2,567,716$3,512,170
57$3,639,283$2,803,339$2,589,265$3,765,227
58$3,943,989$2,874,203$2,609,505$4,041,426
59$4,277,680$2,946,443$2,628,328$4,343,066
60$4,643,248$3,020,063$2,645,621$4,672,678
61$5,043,874$3,095,061$2,661,264$5,033,053
62$5,483,065$3,171,435$2,675,133$5,427,263
63$5,964,683$3,249,180$2,687,094$5,858,692
64$6,492,979$3,328,288$2,697,010$6,331,070
65$7,072,638$3,408,750$2,704,736$6,848,505
66$7,708,820$3,490,551$2,710,117$7,415,522
67$8,407,207$3,573,676$2,712,994$8,037,108
68$9,174,061$3,658,105$2,713,198$8,718,757
69$10,016,278$3,743,814$2,710,552$9,466,522
70$10,941,454$3,830,777$2,704,871$10,287,072
71$11,957,959$3,918,962$2,695,961$11,187,755
72$13,075,012$4,008,332$2,683,617$12,176,668
73$14,302,771$4,098,849$2,667,627$13,262,732
74$15,652,426$4,190,464$2,647,764$14,455,778
75$17,136,305$4,283,129$2,623,796$15,766,637
76$18,767,990$4,376,785$2,595,476$17,207,245
77$20,562,447$4,471,369$2,562,546$18,790,753
78$22,536,162$4,566,811$2,524,736$20,531,654
79$24,707,301$4,663,035$2,481,766$22,445,916
80$27,095,878$4,759,957$2,433,337$24,551,137
81$29,723,946$4,857,483$2,379,142$26,866,709
82$32,615,802$4,955,513$2,318,857$29,413,997
83$35,798,218$5,053,937$2,252,142$32,216,550
84$39,300,691$5,152,635$2,178,644$35,300,314
85$43,155,725$5,251,477$2,097,992$38,693,882
86$47,399,133$5,350,323$2,009,799$42,428,763
87$52,070,376$5,449,021$1,913,659$46,539,679
88$57,212,937$5,547,406$1,809,149$51,064,891
89$62,874,728$5,645,300$1,695,827$56,046,564
90$69,108,543$5,742,512$1,573,230$61,531,164
91$75,972,555$5,838,836$1,440,874$67,569,894
92$83,530,868$5,934,051$1,298,255$74,219,179
93$91,854,115$6,027,918$1,144,845$81,541,202
94$101,020,131$6,120,183$980,094$89,604,484
95$111,114,683$6,210,570$803,426$98,484,539
96$122,232,280$6,298,788$614,240$108,264,581
97$134,477,065$6,384,520$411,909$119,036,311
98$147,963,796$6,467,433$195,779$130,900,786
99$162,818,931$6,547,165$0$143,969,370
100$179,181,818$6,623,332$0$158,369,996