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

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 $2,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$181,674$180,056$178,477$176,936$175,431$171,959
2 years$89,938$88,263$86,639$85,065$83,539$80,056
3 years$59,363$57,681$56,061$54,502$53,000$49,615
4 years$44,078$42,401$40,798$39,266$37,800$34,538
5 years$34,910$33,243$31,661$30,160$28,735$25,605
6 years$28,800$27,146$25,587$24,119$22,737$19,744
7 years$24,437$22,797$21,263$19,830$18,491$15,635
8 years$21,167$19,541$18,033$16,635$15,340$12,619
9 years$18,624$17,014$15,531$14,169$12,919$10,332
10 years$16,592$14,997$13,541$12,214$11,007$8,552
11 years$14,930$13,351$11,921$10,630$9,467$7,141
12 years$13,546$11,983$10,580$9,324$8,204$6,003
13 years$12,375$10,829$9,452$8,231$7,154$5,075
14 years$11,373$9,843$8,493$7,307$6,271$4,310
15 years$10,505$8,992$7,668$6,516$5,521$3,674
16 years$9,747$8,250$6,952$5,835$4,880$3,142
17 years$9,078$7,598$6,326$5,243$4,327$2,694
18 years$8,485$7,021$5,775$4,725$3,847$2,315
19 years$7,954$6,507$5,287$4,269$3,429$1,993
20 years$7,477$6,047$4,852$3,866$3,063$1,719
21 years$7,046$5,632$4,463$3,509$2,741$1,484
22 years$6,655$5,257$4,113$3,191$2,457$1,283
23 years$6,298$4,917$3,798$2,906$2,205$1,111
24 years$5,972$4,607$3,512$2,650$1,982$962
25 years$5,672$4,323$3,253$2,420$1,784$834
26 years$5,396$4,063$3,017$2,213$1,607$723
27 years$5,140$3,824$2,802$2,026$1,449$628
28 years$4,903$3,603$2,604$1,856$1,307$545
29 years$4,683$3,399$2,424$1,702$1,180$474
30 years$4,478$3,210$2,258$1,562$1,066$412
31 years$4,287$3,035$2,105$1,434$964$358
32 years$4,108$2,872$1,964$1,318$872$311
33 years$3,940$2,719$1,833$1,212$789$271
34 years$3,782$2,577$1,713$1,115$715$235
35 years$3,634$2,445$1,602$1,027$647$205
36 years$3,494$2,320$1,498$946$586$178
37 years$3,362$2,204$1,402$871$532$155
38 years$3,238$2,094$1,313$803$482$135
39 years$3,120$1,992$1,230$740$437$117
40 years$3,008$1,895$1,153$683$396$102
41 years$2,902$1,804$1,081$630$360$89
42 years$2,801$1,718$1,014$582$326$78
43 years$2,705$1,637$952$537$296$68
44 years$2,614$1,560$893$496$269$59
45 years$2,527$1,488$839$458$244$51
46 years$2,444$1,419$788$423$222$45
47 years$2,365$1,354$740$391$201$39
48 years$2,289$1,293$696$361$183$34
49 years$2,217$1,235$654$334$166$29
50 years$2,148$1,179$615$308$151$26

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 $5,902 every year, while hoping to spend $27,761 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: 48/44/8 Blend
52$2,200,000$2,200,000$2,200,000$2,200,000
53$2,430,488$2,313,888$2,279,788$2,541,676
54$2,648,860$2,397,731$2,326,623$2,702,365
55$2,888,576$2,484,752$2,374,097$2,873,324
56$3,151,783$2,575,077$2,422,202$3,058,288
57$3,440,847$2,668,838$2,470,928$3,258,569
58$3,758,375$2,766,172$2,520,265$3,475,608
59$4,107,237$2,867,223$2,570,202$3,710,989
60$4,490,597$2,972,138$2,620,725$3,966,452
61$4,911,938$3,081,074$2,671,820$4,243,912
62$5,375,101$3,194,191$2,723,471$4,545,471
63$5,884,313$3,311,658$2,775,659$4,873,445
64$6,444,235$3,433,652$2,828,366$5,230,377
65$7,060,001$3,560,354$2,881,570$5,619,064
66$7,737,265$3,691,956$2,935,247$6,042,586
67$8,482,261$3,828,657$2,989,373$6,504,329
68$9,301,854$3,970,663$3,043,919$7,008,017
69$10,203,609$4,118,192$3,098,856$7,557,750
70$11,195,862$4,271,468$3,154,152$8,158,038
71$12,287,796$4,430,726$3,209,773$8,813,845
72$13,489,531$4,596,211$3,265,680$9,530,634
73$14,812,217$4,768,179$3,321,834$10,314,418
74$16,268,139$4,946,896$3,378,192$11,171,814
75$17,870,836$5,132,641$3,434,708$12,110,108
76$19,635,223$5,325,702$3,491,332$13,137,320
77$21,577,737$5,526,382$3,548,013$14,262,279
78$23,716,488$5,734,997$3,604,693$15,494,706
79$26,071,434$5,951,876$3,661,314$16,845,306
80$28,664,563$6,177,361$3,717,812$18,325,861
81$31,520,108$6,411,811$3,774,118$19,949,351
82$34,664,769$6,655,600$3,830,160$21,730,065
83$38,127,968$6,909,117$3,885,863$23,683,740
84$41,942,126$7,172,769$3,941,145$25,827,706
85$46,142,969$7,446,981$3,995,920$28,181,051
86$50,769,865$7,732,195$4,050,096$30,764,795
87$55,866,193$8,028,876$4,103,576$33,602,090
88$61,479,758$8,337,504$4,156,260$36,718,437
89$67,663,236$8,658,584$4,208,037$40,141,924
90$74,474,674$8,992,642$4,258,794$43,903,488
91$81,978,037$9,340,228$4,308,409$48,037,209
92$90,243,811$9,701,914$4,356,756$52,580,625
93$99,349,671$10,078,299$4,403,698$57,575,087
94$109,381,210$10,470,008$4,449,095$63,066,149
95$120,432,749$10,877,694$4,492,795$69,103,991
96$132,608,227$11,302,038$4,534,641$75,743,894
97$146,022,180$11,743,752$4,574,465$83,046,760
98$160,800,826$12,203,579$4,612,093$91,079,680
99$177,083,252$12,682,296$4,647,340$99,916,569
100$195,022,729$13,180,714$4,680,011$109,638,861