Can I retire at age 53 with 2,210,000?

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 $2,210,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$182,500$180,874$179,288$177,740$176,229$172,670
2 years$90,346$88,664$87,033$85,452$83,918$80,349
3 years$59,633$57,943$56,316$54,750$53,241$49,772
4 years$44,279$42,594$40,984$39,444$37,972$34,630
5 years$35,069$33,394$31,805$30,297$28,866$25,660
6 years$28,931$27,269$25,703$24,229$22,841$19,775
7 years$24,548$22,900$21,359$19,920$18,575$15,651
8 years$21,263$19,630$18,115$16,710$15,410$12,625
9 years$18,709$17,091$15,602$14,233$12,978$10,331
10 years$16,667$15,065$13,602$12,269$11,058$8,546
11 years$14,997$13,412$11,975$10,678$9,510$7,131
12 years$13,607$12,038$10,628$9,366$8,241$5,991
13 years$12,432$10,878$9,495$8,269$7,186$5,061
14 years$11,425$9,888$8,531$7,340$6,300$4,295
15 years$10,553$9,033$7,703$6,546$5,547$3,659
16 years$9,791$8,288$6,984$5,861$4,902$3,127
17 years$9,119$7,633$6,355$5,266$4,347$2,679
18 years$8,523$7,053$5,801$4,746$3,865$2,301
19 years$7,990$6,537$5,311$4,288$3,445$1,979
20 years$7,511$6,074$4,874$3,884$3,077$1,706
21 years$7,078$5,658$4,483$3,525$2,753$1,472
22 years$6,685$5,281$4,132$3,205$2,468$1,271
23 years$6,327$4,940$3,815$2,919$2,216$1,100
24 years$5,999$4,628$3,528$2,662$1,991$952
25 years$5,698$4,343$3,268$2,431$1,792$824
26 years$5,420$4,082$3,031$2,223$1,614$714
27 years$5,163$3,842$2,814$2,035$1,455$620
28 years$4,926$3,620$2,616$1,864$1,313$538
29 years$4,705$3,415$2,435$1,710$1,186$467
30 years$4,499$3,225$2,268$1,569$1,071$405
31 years$4,306$3,049$2,114$1,441$969$352
32 years$4,126$2,885$1,973$1,324$876$306
33 years$3,958$2,732$1,842$1,218$793$266
34 years$3,799$2,589$1,721$1,120$718$231
35 years$3,650$2,456$1,609$1,031$650$201
36 years$3,510$2,331$1,505$950$589$175
37 years$3,377$2,214$1,409$875$534$152
38 years$3,252$2,104$1,319$807$484$132
39 years$3,134$2,001$1,236$744$439$115
40 years$3,021$1,903$1,158$686$398$100
41 years$2,915$1,812$1,086$633$361$87
42 years$2,814$1,726$1,019$584$328$76
43 years$2,717$1,644$956$539$297$66
44 years$2,626$1,567$898$498$270$57
45 years$2,539$1,494$843$460$245$50
46 years$2,455$1,426$792$425$223$43
47 years$2,376$1,361$744$392$202$38
48 years$2,300$1,299$699$363$184$33
49 years$2,227$1,240$657$335$167$29
50 years$2,158$1,185$618$310$151$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,210,000, adding $4,703 every year, while hoping to spend $50,176 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: 54/30/16 Blend
52$2,210,000$2,210,000$2,210,000$2,210,000
53$2,440,271$2,323,141$2,288,886$2,561,375
54$2,635,792$2,383,588$2,312,177$2,704,975
55$2,849,574$2,445,315$2,334,566$2,855,447
56$3,083,427$2,508,333$2,355,971$3,018,110
57$3,339,345$2,572,648$2,376,304$3,194,138
58$3,619,520$2,638,270$2,395,472$3,384,824
59$3,926,369$2,705,203$2,413,378$3,591,591
60$4,262,552$2,773,452$2,429,920$3,816,009
61$4,631,001$2,843,020$2,444,991$4,059,803
62$5,034,943$2,913,907$2,458,478$4,324,875
63$5,477,931$2,986,113$2,470,260$4,613,322
64$5,963,880$3,059,633$2,480,215$4,927,451
65$6,497,104$3,134,463$2,488,210$5,269,805
66$7,082,350$3,210,594$2,494,107$5,643,185
67$7,724,852$3,288,015$2,497,762$6,050,677
68$8,430,373$3,366,713$2,499,022$6,495,682
69$9,205,260$3,446,671$2,497,729$6,981,946
70$10,056,509$3,527,870$2,493,714$7,513,597
71$10,991,822$3,610,285$2,486,803$8,095,184
72$12,019,688$3,693,889$2,476,811$8,731,719
73$13,149,457$3,778,651$2,463,546$9,428,724
74$14,391,432$3,864,535$2,446,804$10,192,285
75$15,756,960$3,951,500$2,426,375$11,029,108
76$17,258,548$4,039,500$2,402,036$11,946,584
77$18,909,969$4,128,486$2,373,554$12,952,857
78$20,726,405$4,218,400$2,340,686$14,056,899
79$22,724,576$4,309,180$2,303,178$15,268,603
80$24,922,909$4,400,756$2,260,761$16,598,867
81$27,341,706$4,493,053$2,213,156$18,059,702
82$30,003,335$4,585,987$2,160,072$19,664,344
83$32,932,442$4,679,468$2,101,201$21,427,382
84$36,156,185$4,773,395$2,036,225$23,364,892
85$39,704,485$4,867,661$1,964,808$25,494,590
86$43,610,314$4,962,148$1,886,600$27,836,004
87$47,910,000$5,056,727$1,801,235$30,410,650
88$52,643,574$5,151,261$1,708,331$33,242,244
89$57,855,145$5,245,600$1,607,487$36,356,922
90$63,593,318$5,339,582$1,498,285$39,783,486
91$69,911,648$5,433,033$1,380,290$43,553,681
92$76,869,150$5,525,765$1,253,043$47,702,491
93$84,530,852$5,617,576$1,116,069$52,268,470
94$92,968,411$5,708,249$968,869$57,294,110
95$102,260,786$5,797,551$810,923$62,826,239
96$112,494,986$5,885,231$641,689$68,916,465
97$123,766,887$5,971,020$460,598$75,621,666
98$136,182,141$6,054,632$267,060$83,004,524
99$149,857,169$6,135,758$60,456$91,134,120
100$164,920,259$6,214,069$0$100,086,588