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%16.1%
1 years$181,674$180,056$178,477$176,936$175,431$171,051
2 years$89,938$88,263$86,639$85,065$83,539$79,154
3 years$59,363$57,681$56,061$54,502$53,000$48,748
4 years$44,078$42,401$40,798$39,266$37,800$33,712
5 years$34,910$33,243$31,661$30,160$28,735$24,823
6 years$28,800$27,146$25,587$24,119$22,737$19,005
7 years$24,437$22,797$21,263$19,830$18,491$14,940
8 years$21,167$19,541$18,033$16,635$15,340$11,968
9 years$18,624$17,014$15,531$14,169$12,919$9,722
10 years$16,592$14,997$13,541$12,214$11,007$7,983
11 years$14,930$13,351$11,921$10,630$9,467$6,610
12 years$13,546$11,983$10,580$9,324$8,204$5,510
13 years$12,375$10,829$9,452$8,231$7,154$4,618
14 years$11,373$9,843$8,493$7,307$6,271$3,887
15 years$10,505$8,992$7,668$6,516$5,521$3,284
16 years$9,747$8,250$6,952$5,835$4,880$2,783
17 years$9,078$7,598$6,326$5,243$4,327$2,364
18 years$8,485$7,021$5,775$4,725$3,847$2,012
19 years$7,954$6,507$5,287$4,269$3,429$1,715
20 years$7,477$6,047$4,852$3,866$3,063$1,465
21 years$7,046$5,632$4,463$3,509$2,741$1,253
22 years$6,655$5,257$4,113$3,191$2,457$1,072
23 years$6,298$4,917$3,798$2,906$2,205$918
24 years$5,972$4,607$3,512$2,650$1,982$787
25 years$5,672$4,323$3,253$2,420$1,784$676
26 years$5,396$4,063$3,017$2,213$1,607$580
27 years$5,140$3,824$2,802$2,026$1,449$498
28 years$4,903$3,603$2,604$1,856$1,307$428
29 years$4,683$3,399$2,424$1,702$1,180$368
30 years$4,478$3,210$2,258$1,562$1,066$316
31 years$4,287$3,035$2,105$1,434$964$272
32 years$4,108$2,872$1,964$1,318$872$234
33 years$3,940$2,719$1,833$1,212$789$201
34 years$3,782$2,577$1,713$1,115$715$173
35 years$3,634$2,445$1,602$1,027$647$149
36 years$3,494$2,320$1,498$946$586$128
37 years$3,362$2,204$1,402$871$532$110
38 years$3,238$2,094$1,313$803$482$95
39 years$3,120$1,992$1,230$740$437$82
40 years$3,008$1,895$1,153$683$396$70
41 years$2,902$1,804$1,081$630$360$61
42 years$2,801$1,718$1,014$582$326$52
43 years$2,705$1,637$952$537$296$45
44 years$2,614$1,560$893$496$269$39
45 years$2,527$1,488$839$458$244$33
46 years$2,444$1,419$788$423$222$29
47 years$2,365$1,354$740$391$201$25
48 years$2,289$1,293$696$361$183$21
49 years$2,217$1,235$654$334$166$18
50 years$2,148$1,179$615$308$151$16

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 $2,604 every year, while hoping to spend $52,795 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: 37/43/20 Blend
52$2,200,000$2,200,000$2,200,000$2,200,000
53$2,427,086$2,310,486$2,276,386$2,502,164
54$2,618,475$2,367,526$2,296,471$2,613,938
55$2,827,617$2,425,592$2,315,460$2,729,446
56$3,056,266$2,484,678$2,333,260$2,853,126
57$3,306,354$2,544,777$2,349,774$2,985,742
58$3,580,009$2,605,878$2,364,898$3,128,137
59$3,879,574$2,667,970$2,378,526$3,281,237
60$4,207,628$2,731,038$2,390,545$3,446,066
61$4,567,013$2,795,065$2,400,834$3,623,748
62$4,960,856$2,860,031$2,409,270$3,815,526
63$5,392,603$2,925,913$2,415,721$4,022,766
64$5,866,050$2,992,683$2,420,048$4,246,975
65$6,385,375$3,060,313$2,422,108$4,489,814
66$6,955,182$3,128,768$2,421,748$4,753,114
67$7,580,543$3,198,009$2,418,808$5,038,891
68$8,267,042$3,267,995$2,413,122$5,349,371
69$9,020,833$3,338,679$2,404,514$5,687,005
70$9,848,692$3,410,009$2,392,799$6,054,494
71$10,758,087$3,481,928$2,377,786$6,454,819
72$11,757,242$3,554,372$2,359,272$6,891,261
73$12,855,219$3,627,275$2,337,046$7,367,443
74$14,061,999$3,700,559$2,310,885$7,887,353
75$15,388,581$3,774,145$2,280,558$8,455,393
76$16,847,080$3,847,942$2,245,821$9,076,411
77$18,450,846$3,921,854$2,206,419$9,755,755
78$20,214,584$3,995,777$2,162,086$10,499,320
79$22,154,500$4,069,598$2,112,544$11,313,602
80$24,288,444$4,143,194$2,057,499$12,205,768
81$26,636,087$4,216,432$1,996,648$13,183,713
82$29,219,102$4,289,172$1,929,669$14,256,146
83$32,061,368$4,361,258$1,856,231$15,432,664
84$35,189,196$4,432,528$1,775,982$16,723,849
85$38,631,575$4,502,803$1,688,559$18,141,367
86$42,420,448$4,571,894$1,593,579$19,698,078
87$46,591,014$4,639,596$1,490,643$21,408,159
88$51,182,053$4,705,691$1,379,335$23,287,238
89$56,236,298$4,769,946$1,259,219$25,352,544
90$61,800,837$4,832,111$1,129,840$27,623,071
91$67,927,556$4,891,917$990,722$30,119,754
92$74,673,625$4,949,079$841,370$32,865,674
93$82,102,043$5,003,292$681,264$35,886,274
94$90,282,228$5,054,231$509,863$39,209,600
95$99,290,674$5,101,547$326,603$42,866,568
96$109,211,671$5,144,871$130,892$46,891,257
97$120,138,101$5,183,809$0$51,321,235
98$132,172,311$5,217,939$0$56,214,550
99$145,427,085$5,246,817$0$61,631,099
100$160,026,701$5,269,964$0$67,593,379