Can I retire at age 53 with 2,520,000?

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 $2,520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$208,099$206,246$204,437$202,672$200,948$197,782
2 years$103,019$101,101$99,241$97,438$95,690$92,508
3 years$67,997$66,070$64,216$62,430$60,709$57,611
4 years$50,490$48,569$46,733$44,977$43,299$40,308
5 years$39,988$38,079$36,266$34,547$32,915$30,040
6 years$32,989$31,094$29,309$27,627$26,044$23,289
7 years$27,992$26,113$24,356$22,714$21,181$18,546
8 years$24,246$22,383$20,655$19,054$17,572$15,056
9 years$21,333$19,489$17,791$16,230$14,798$12,401
10 years$19,005$17,178$15,510$13,990$12,609$10,328
11 years$17,101$15,293$13,655$12,176$10,844$8,677
12 years$15,516$13,726$12,118$10,680$9,397$7,342
13 years$14,175$12,404$10,827$9,429$8,194$6,248
14 years$13,027$11,275$9,728$8,370$7,183$5,342
15 years$12,033$10,300$8,783$7,464$6,325$4,585
16 years$11,165$9,450$7,963$6,683$5,590$3,949
17 years$10,399$8,703$7,246$6,005$4,956$3,410
18 years$9,719$8,042$6,615$5,412$4,407$2,952
19 years$9,111$7,453$6,056$4,890$3,928$2,560
20 years$8,565$6,926$5,558$4,429$3,508$2,225
21 years$8,071$6,451$5,112$4,019$3,140$1,936
22 years$7,623$6,022$4,711$3,655$2,814$1,686
23 years$7,214$5,632$4,350$3,328$2,526$1,471
24 years$6,840$5,277$4,023$3,036$2,271$1,284
25 years$6,497$4,952$3,726$2,772$2,043$1,122
26 years$6,180$4,654$3,456$2,535$1,840$981
27 years$5,888$4,380$3,209$2,320$1,659$858
28 years$5,617$4,128$2,983$2,126$1,497$751
29 years$5,364$3,894$2,776$1,949$1,352$658
30 years$5,130$3,677$2,586$1,789$1,222$577
31 years$4,910$3,476$2,411$1,643$1,104$505
32 years$4,705$3,289$2,249$1,510$999$443
33 years$4,513$3,115$2,100$1,389$904$389
34 years$4,332$2,952$1,962$1,278$819$341
35 years$4,162$2,800$1,835$1,176$741$299
36 years$4,002$2,658$1,716$1,083$672$262
37 years$3,851$2,524$1,606$998$609$230
38 years$3,708$2,399$1,504$920$552$202
39 years$3,573$2,281$1,409$848$501$178
40 years$3,445$2,170$1,321$782$454$156
41 years$3,324$2,066$1,239$722$412$137
42 years$3,208$1,968$1,162$666$374$120
43 years$3,099$1,875$1,090$615$339$106
44 years$2,994$1,787$1,023$568$308$93
45 years$2,895$1,704$961$524$280$81
46 years$2,800$1,626$903$484$254$72
47 years$2,709$1,551$848$447$230$63
48 years$2,622$1,481$797$414$209$55
49 years$2,540$1,414$749$382$190$49
50 years$2,460$1,351$704$353$173$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,520,000, adding $3,792 every year, while hoping to spend $45,191 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: 84/9/7 Blend
52$2,520,000$2,520,000$2,520,000$2,520,000
53$2,780,951$2,647,391$2,608,331$3,012,550
54$3,016,526$2,729,031$2,647,628$3,245,972
55$3,274,614$2,813,156$2,686,726$3,495,790
56$3,557,465$2,899,841$2,725,571$3,768,758
57$3,867,555$2,989,161$2,764,107$4,067,172
58$4,207,612$3,081,197$2,802,270$4,393,559
59$4,580,640$3,176,027$2,839,998$4,750,705
60$4,989,948$3,273,735$2,877,221$5,141,674
61$5,439,181$3,374,407$2,913,867$5,569,845
62$5,932,354$3,478,130$2,949,858$6,038,936
63$6,473,890$3,584,994$2,985,114$6,553,044
64$7,068,661$3,695,092$3,019,549$7,116,681
65$7,722,032$3,808,520$3,053,072$7,734,819
66$8,439,917$3,925,375$3,085,587$8,412,932
67$9,228,828$4,045,758$3,116,994$9,157,053
68$10,095,942$4,169,774$3,147,187$9,973,825
69$11,049,164$4,297,528$3,176,053$10,870,568
70$12,097,202$4,429,130$3,203,474$11,855,348
71$13,249,652$4,564,693$3,229,326$12,937,046
72$14,517,086$4,704,333$3,253,478$14,125,453
73$15,911,152$4,848,168$3,275,793$15,431,350
74$17,444,681$4,996,320$3,296,124$16,866,618
75$19,131,815$5,148,916$3,314,320$18,444,347
76$20,988,131$5,306,083$3,330,221$20,178,958
77$23,030,794$5,467,956$3,343,657$22,086,343
78$25,278,719$5,634,669$3,354,453$24,184,007
79$27,752,743$5,806,363$3,362,422$26,491,243
80$30,475,829$5,983,181$3,367,370$29,029,305
81$33,473,278$6,165,271$3,369,091$31,821,612
82$36,772,967$6,352,784$3,367,370$34,893,970
83$40,405,615$6,545,875$3,361,982$38,274,813
84$44,405,069$6,744,705$3,352,690$41,995,472
85$48,808,628$6,949,438$3,339,247$46,090,470
86$53,657,389$7,160,240$3,321,392$50,597,846
87$58,996,636$7,377,286$3,298,853$55,559,520
88$64,876,272$7,600,752$3,271,344$61,021,678
89$71,351,284$7,830,821$3,238,566$67,035,218
90$78,482,262$8,067,678$3,200,205$73,656,223
91$86,335,974$8,311,516$3,155,933$80,946,492
92$94,985,993$8,562,529$3,105,406$88,974,126
93$104,513,391$8,820,921$3,048,265$97,814,164
94$115,007,508$9,086,897$2,984,132$107,549,298
95$126,566,788$9,360,669$2,912,615$118,270,649
96$139,299,712$9,642,454$2,833,299$130,078,627
97$153,325,823$9,932,474$2,745,755$143,083,880
98$168,776,850$10,230,958$2,649,530$157,408,336
99$185,797,952$10,538,139$2,544,154$173,186,356
100$204,549,092$10,854,256$2,429,132$190,566,000