Can I retire at age 53 with 2,490,000?

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 $2,490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$205,622$203,790$202,003$200,259$198,556$194,150
2 years$101,793$99,897$98,060$96,278$94,551$90,135
3 years$67,188$65,284$63,451$61,687$59,987$55,699
4 years$49,889$47,991$46,176$44,442$42,783$38,656
5 years$39,512$37,625$35,835$34,135$32,523$28,568
6 years$32,596$30,724$28,960$27,298$25,734$21,956
7 years$27,659$25,802$24,066$22,444$20,929$17,328
8 years$23,957$22,117$20,410$18,827$17,363$13,938
9 years$21,079$19,257$17,579$16,037$14,622$11,370
10 years$18,779$16,974$15,326$13,824$12,458$9,377
11 years$16,898$15,111$13,492$12,031$10,715$7,799
12 years$15,331$13,563$11,974$10,553$9,285$6,531
13 years$14,007$12,257$10,698$9,316$8,097$5,499
14 years$12,872$11,141$9,612$8,270$7,098$4,651
15 years$11,890$10,178$8,679$7,375$6,249$3,949
16 years$11,032$9,338$7,868$6,604$5,523$3,362
17 years$10,275$8,600$7,160$5,934$4,897$2,871
18 years$9,603$7,946$6,536$5,347$4,354$2,456
19 years$9,002$7,365$5,984$4,832$3,881$2,105
20 years$8,463$6,844$5,491$4,376$3,467$1,807
21 years$7,975$6,375$5,051$3,972$3,102$1,554
22 years$7,532$5,950$4,655$3,611$2,781$1,337
23 years$7,129$5,565$4,298$3,289$2,496$1,152
24 years$6,759$5,214$3,975$2,999$2,244$993
25 years$6,420$4,893$3,682$2,739$2,019$857
26 years$6,107$4,599$3,415$2,505$1,819$739
27 years$5,818$4,328$3,171$2,293$1,640$639
28 years$5,550$4,078$2,948$2,100$1,479$552
29 years$5,301$3,848$2,743$1,926$1,336$477
30 years$5,069$3,634$2,555$1,768$1,207$413
31 years$4,852$3,435$2,382$1,624$1,091$357
32 years$4,649$3,250$2,223$1,492$987$309
33 years$4,459$3,078$2,075$1,372$893$267
34 years$4,281$2,917$1,939$1,262$809$231
35 years$4,113$2,767$1,813$1,162$733$200
36 years$3,955$2,626$1,696$1,070$664$173
37 years$3,805$2,494$1,587$986$602$150
38 years$3,664$2,370$1,486$909$545$130
39 years$3,531$2,254$1,393$838$495$113
40 years$3,404$2,145$1,305$773$449$97
41 years$3,284$2,041$1,224$713$407$84
42 years$3,170$1,944$1,148$658$369$73
43 years$3,062$1,852$1,077$608$335$63
44 years$2,958$1,766$1,011$561$304$55
45 years$2,860$1,684$950$518$276$48
46 years$2,766$1,606$892$479$251$41
47 years$2,677$1,533$838$442$228$36
48 years$2,591$1,463$787$409$207$31
49 years$2,509$1,397$740$378$188$27
50 years$2,431$1,335$696$349$171$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,490,000, adding $6,819 every year, while hoping to spend $36,127 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: 41/42/17 Blend
52$2,490,000$2,490,000$2,490,000$2,490,000
53$2,751,014$2,619,044$2,580,449$2,849,754
54$2,993,178$2,708,938$2,628,455$3,010,306
55$3,258,833$2,802,026$2,676,859$3,179,933
56$3,550,335$2,898,427$2,725,635$3,362,767
57$3,870,282$2,998,263$2,774,756$3,560,029
58$4,221,535$3,101,662$2,824,195$3,773,065
59$4,607,245$3,208,757$2,873,919$4,003,350
60$5,030,884$3,319,686$2,923,895$4,252,508
61$5,496,275$3,434,591$2,974,086$4,522,323
62$6,007,632$3,553,623$3,024,455$4,814,759
63$6,569,595$3,676,935$3,074,959$5,131,974
64$7,187,278$3,804,689$3,125,554$5,476,339
65$7,866,313$3,937,052$3,176,193$5,850,467
66$8,612,907$4,074,197$3,226,826$6,257,228
67$9,433,897$4,216,306$3,277,397$6,699,783
68$10,336,816$4,363,566$3,327,851$7,181,608
69$11,329,963$4,516,173$3,378,126$7,706,527
70$12,422,483$4,674,329$3,428,157$8,278,751
71$13,624,451$4,838,246$3,477,876$8,902,914
72$14,946,969$5,008,144$3,527,208$9,584,115
73$16,402,267$5,184,251$3,576,077$10,327,967
74$18,003,823$5,366,804$3,624,401$11,140,650
75$19,766,486$5,556,051$3,672,091$12,028,967
76$21,706,619$5,752,248$3,719,057$13,000,408
77$23,842,250$5,955,664$3,765,201$14,063,220
78$26,193,244$6,166,576$3,810,420$15,226,483
79$28,781,490$6,385,274$3,854,605$16,500,195
80$31,631,109$6,612,059$3,897,641$17,895,367
81$34,768,676$6,847,244$3,939,406$19,424,123
82$38,223,478$7,091,156$3,979,773$21,099,817
83$42,027,785$7,344,134$4,018,607$22,937,156
84$46,217,154$7,606,532$4,055,766$24,952,335
85$50,830,769$7,878,718$4,091,099$27,163,195
86$55,911,806$8,161,073$4,124,450$29,589,384
87$61,507,842$8,453,997$4,155,650$32,252,546
88$67,671,304$8,757,905$4,184,527$35,176,520
89$74,459,963$9,073,229$4,210,895$38,387,567
90$81,937,481$9,400,419$4,234,561$41,914,615
91$90,174,008$9,739,943$4,255,323$45,789,529
92$99,246,845$10,092,289$4,272,965$50,047,415
93$109,241,177$10,457,965$4,287,263$54,726,944
94$120,250,873$10,837,501$4,297,982$59,870,720
95$132,379,371$11,231,448$4,304,874$65,525,679
96$145,740,658$11,640,379$4,307,677$71,743,529
97$160,460,341$12,064,894$4,306,121$78,581,239
98$176,676,837$12,505,615$4,299,918$86,101,572
99$194,542,677$12,963,193$4,288,767$94,373,679
100$214,225,943$13,438,303$4,272,354$103,473,745