Can I retire at age 53 with 2,430,000?

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 $2,430,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$200,667$198,880$197,136$195,434$193,772$192,712
2 years$99,340$97,490$95,697$93,958$92,272$91,203
3 years$65,569$63,711$61,922$60,200$58,541$57,496
4 years$48,687$46,834$45,064$43,371$41,752$40,738
5 years$38,560$36,719$34,971$33,313$31,739$30,760
6 years$31,811$29,983$28,262$26,641$25,114$24,171
7 years$26,992$25,180$23,486$21,903$20,425$19,517
8 years$23,380$21,584$19,918$18,374$16,944$16,073
9 years$20,571$18,793$17,155$15,650$14,269$13,434
10 years$18,326$16,565$14,956$13,491$12,158$11,359
11 years$16,490$14,747$13,167$11,741$10,457$9,692
12 years$14,962$13,236$11,686$10,298$9,061$8,332
13 years$13,669$11,961$10,440$9,092$7,902$7,206
14 years$12,562$10,873$9,381$8,071$6,927$6,264
15 years$11,604$9,932$8,469$7,198$6,099$5,468
16 years$10,766$9,113$7,679$6,445$5,390$4,791
17 years$10,027$8,392$6,987$5,791$4,779$4,211
18 years$9,372$7,755$6,379$5,218$4,249$3,710
19 years$8,786$7,187$5,839$4,715$3,788$3,277
20 years$8,259$6,679$5,359$4,271$3,383$2,900
21 years$7,783$6,221$4,929$3,876$3,028$2,571
22 years$7,351$5,807$4,543$3,524$2,714$2,282
23 years$6,957$5,431$4,195$3,209$2,436$2,029
24 years$6,596$5,089$3,879$2,927$2,190$1,806
25 years$6,265$4,775$3,593$2,673$1,970$1,609
26 years$5,960$4,488$3,332$2,444$1,775$1,435
27 years$5,677$4,224$3,094$2,237$1,600$1,281
28 years$5,416$3,980$2,877$2,050$1,444$1,144
29 years$5,173$3,755$2,677$1,880$1,304$1,022
30 years$4,946$3,546$2,494$1,725$1,178$914
31 years$4,735$3,352$2,325$1,584$1,065$818
32 years$4,537$3,172$2,169$1,456$963$732
33 years$4,352$3,004$2,025$1,339$872$655
34 years$4,178$2,847$1,892$1,232$789$587
35 years$4,014$2,700$1,769$1,134$715$526
36 years$3,859$2,563$1,655$1,045$648$471
37 years$3,714$2,434$1,549$962$587$423
38 years$3,576$2,313$1,451$887$532$379
39 years$3,446$2,200$1,359$818$483$340
40 years$3,322$2,093$1,274$754$438$305
41 years$3,205$1,992$1,194$696$397$274
42 years$3,094$1,897$1,120$642$360$246
43 years$2,988$1,808$1,051$593$327$220
44 years$2,887$1,723$987$548$297$198
45 years$2,791$1,643$927$506$270$178
46 years$2,700$1,568$870$467$245$159
47 years$2,612$1,496$818$432$222$143
48 years$2,529$1,428$768$399$202$128
49 years$2,449$1,364$722$369$183$115
50 years$2,373$1,303$679$341$166$104

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,430,000, adding $6,745 every year, while hoping to spend $49,543 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: 70/17/13 Blend
52$2,430,000$2,430,000$2,430,000$2,430,000
53$2,684,817$2,556,027$2,518,362$2,864,654
54$2,905,955$2,628,559$2,550,014$3,057,445
55$3,147,989$2,702,985$2,581,066$3,261,733
56$3,412,997$2,779,345$2,611,445$3,484,003
57$3,703,270$2,857,679$2,641,075$3,726,018
58$4,021,328$2,938,030$2,669,875$3,989,720
59$4,369,947$3,020,438$2,697,761$4,277,246
60$4,752,188$3,104,945$2,724,641$4,590,950
61$5,171,416$3,191,592$2,750,422$4,933,427
62$5,631,343$3,280,423$2,775,003$5,307,532
63$6,136,054$3,371,478$2,798,280$5,716,410
64$6,690,051$3,464,799$2,820,142$6,163,527
65$7,298,291$3,560,429$2,840,472$6,652,699
66$7,966,236$3,658,410$2,859,147$7,188,130
67$8,699,902$3,758,782$2,876,038$7,774,452
68$9,505,918$3,861,588$2,891,011$8,416,766
69$10,391,583$3,966,867$2,903,922$9,120,693
70$11,364,942$4,074,662$2,914,621$9,892,425
71$12,434,857$4,185,010$2,922,951$10,738,784
72$13,611,090$4,297,953$2,928,747$11,667,286
73$14,904,396$4,413,528$2,931,836$12,686,212
74$16,326,626$4,531,773$2,932,034$13,804,686
75$17,890,837$4,652,725$2,929,152$15,032,760
76$19,611,412$4,776,418$2,922,988$16,381,509
77$21,504,201$4,902,887$2,913,333$17,863,138
78$23,586,665$5,032,164$2,899,965$19,491,095
79$25,878,045$5,164,281$2,882,655$21,280,194
80$28,399,541$5,299,266$2,861,159$23,246,763
81$31,174,510$5,437,146$2,835,224$25,408,790
82$34,228,690$5,577,946$2,804,584$27,786,099
83$37,590,440$5,721,688$2,768,960$30,400,533
84$41,291,005$5,868,392$2,728,061$33,276,159
85$45,364,819$6,018,074$2,681,582$36,439,501
86$49,849,818$6,170,748$2,629,203$39,919,784
87$54,787,808$6,326,423$2,570,590$43,749,212
88$60,224,852$6,485,105$2,505,392$47,963,275
89$66,211,708$6,646,796$2,433,244$52,601,077
90$72,804,307$6,811,494$2,353,762$57,705,714
91$80,064,280$6,979,191$2,266,547$63,324,670
92$88,059,539$7,149,873$2,171,178$69,510,278
93$96,864,918$7,323,523$2,067,219$76,320,201
94$106,562,881$7,500,117$1,954,212$83,817,985
95$117,244,294$7,679,622$1,831,677$92,073,658
96$129,009,289$7,862,001$1,699,116$101,164,387
97$141,968,205$8,047,207$1,556,005$111,175,209
98$156,242,630$8,235,188$1,401,799$122,199,834
99$171,966,547$8,425,881$1,235,927$134,341,531
100$189,287,599$8,619,213$1,057,795$147,714,098