Can I retire at age 53 with 2,200,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,200,000?

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$181,674$180,056$178,477$176,936$175,431$169,815
2 years$89,938$88,263$86,639$85,065$83,539$77,933
3 years$59,363$57,681$56,061$54,502$53,000$47,580
4 years$44,078$42,401$40,798$39,266$37,800$32,607
5 years$34,910$33,243$31,661$30,160$28,735$23,783
6 years$28,800$27,146$25,587$24,119$22,737$18,031
7 years$24,437$22,797$21,263$19,830$18,491$14,030
8 years$21,167$19,541$18,033$16,635$15,340$11,120
9 years$18,624$17,014$15,531$14,169$12,919$8,936
10 years$16,592$14,997$13,541$12,214$11,007$7,255
11 years$14,930$13,351$11,921$10,630$9,467$5,939
12 years$13,546$11,983$10,580$9,324$8,204$4,892
13 years$12,375$10,829$9,452$8,231$7,154$4,050
14 years$11,373$9,843$8,493$7,307$6,271$3,367
15 years$10,505$8,992$7,668$6,516$5,521$2,809
16 years$9,747$8,250$6,952$5,835$4,880$2,349
17 years$9,078$7,598$6,326$5,243$4,327$1,970
18 years$8,485$7,021$5,775$4,725$3,847$1,654
19 years$7,954$6,507$5,287$4,269$3,429$1,392
20 years$7,477$6,047$4,852$3,866$3,063$1,172
21 years$7,046$5,632$4,463$3,509$2,741$988
22 years$6,655$5,257$4,113$3,191$2,457$834
23 years$6,298$4,917$3,798$2,906$2,205$705
24 years$5,972$4,607$3,512$2,650$1,982$596
25 years$5,672$4,323$3,253$2,420$1,784$504
26 years$5,396$4,063$3,017$2,213$1,607$426
27 years$5,140$3,824$2,802$2,026$1,449$361
28 years$4,903$3,603$2,604$1,856$1,307$305
29 years$4,683$3,399$2,424$1,702$1,180$259
30 years$4,478$3,210$2,258$1,562$1,066$219
31 years$4,287$3,035$2,105$1,434$964$186
32 years$4,108$2,872$1,964$1,318$872$157
33 years$3,940$2,719$1,833$1,212$789$133
34 years$3,782$2,577$1,713$1,115$715$113
35 years$3,634$2,445$1,602$1,027$647$96
36 years$3,494$2,320$1,498$946$586$81
37 years$3,362$2,204$1,402$871$532$69
38 years$3,238$2,094$1,313$803$482$58
39 years$3,120$1,992$1,230$740$437$49
40 years$3,008$1,895$1,153$683$396$42
41 years$2,902$1,804$1,081$630$360$36
42 years$2,801$1,718$1,014$582$326$30
43 years$2,705$1,637$952$537$296$26
44 years$2,614$1,560$893$496$269$22
45 years$2,527$1,488$839$458$244$18
46 years$2,444$1,419$788$423$222$16
47 years$2,365$1,354$740$391$201$13
48 years$2,289$1,293$696$361$183$11
49 years$2,217$1,235$654$334$166$10
50 years$2,148$1,179$615$308$151$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,200,000, adding $3,445 every year, while hoping to spend $49,807 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: 68/18/14 Blend
52$2,200,000$2,200,000$2,200,000$2,200,000
53$2,427,954$2,311,354$2,277,254$2,585,042
54$2,622,611$2,371,616$2,300,547$2,750,346
55$2,835,453$2,433,161$2,322,952$2,924,843
56$3,068,284$2,496,001$2,344,385$3,114,426
57$3,323,087$2,560,143$2,364,761$3,320,572
58$3,602,048$2,625,596$2,383,986$3,544,907
59$3,907,574$2,692,367$2,401,966$3,789,221
60$4,242,314$2,760,460$2,418,600$4,055,487
61$4,609,186$2,829,879$2,433,779$4,345,877
62$5,011,405$2,900,625$2,447,393$4,662,784
63$5,452,512$2,972,699$2,459,324$5,008,844
64$5,936,404$3,046,097$2,469,447$5,386,961
65$6,467,377$3,120,816$2,477,633$5,800,332
66$7,050,161$3,196,848$2,483,746$6,252,482
67$7,689,967$3,274,183$2,487,641$6,747,294
68$8,392,536$3,352,810$2,489,169$7,289,045
69$9,164,189$3,432,712$2,488,170$7,882,448
70$10,011,893$3,513,871$2,484,481$8,532,694
71$10,943,320$3,596,266$2,477,925$9,245,505
72$11,966,925$3,679,869$2,468,322$10,027,184
73$13,092,021$3,764,652$2,455,480$10,884,678
74$14,328,867$3,850,579$2,439,198$11,825,639
75$15,688,767$3,937,613$2,419,267$12,858,501
76$17,184,175$4,025,711$2,395,467$13,992,557
77$18,828,812$4,114,822$2,367,566$15,238,045
78$20,637,796$4,204,893$2,335,324$16,606,249
79$22,627,781$4,295,863$2,298,488$18,109,603
80$24,817,121$4,387,666$2,256,794$19,761,809
81$27,226,034$4,480,229$2,209,963$21,577,964
82$29,876,800$4,573,471$2,157,707$23,574,706
83$32,793,966$4,667,303$2,099,723$25,770,371
84$36,004,580$4,761,630$2,035,693$28,185,163
85$39,538,443$4,856,346$1,965,285$30,841,346
86$43,428,395$4,951,337$1,888,152$33,763,458
87$47,710,618$5,046,479$1,803,932$36,978,537
88$52,424,982$5,141,638$1,712,245$40,516,379
89$57,615,420$5,236,668$1,612,694$44,409,822
90$63,330,339$5,331,411$1,504,866$48,695,052
91$69,623,082$5,425,699$1,388,328$53,411,946
92$76,552,426$5,519,348$1,262,626$58,604,450
93$84,183,138$5,612,160$1,127,289$64,320,993
94$92,586,588$5,703,926$981,823$70,614,945
95$101,841,417$5,794,416$825,711$77,545,121
96$112,034,286$5,883,386$658,417$85,176,336
97$123,260,686$5,970,575$479,376$93,580,017
98$135,625,844$6,055,701$288,004$102,834,881
99$149,245,715$6,138,465$83,686$113,027,674
100$164,248,072$6,218,544$0$124,253,991