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

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 $2,210,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$182,500$180,874$179,288$177,740$176,229$169,571
2 years$90,346$88,664$87,033$85,452$83,918$77,289
3 years$59,633$57,943$56,316$54,750$53,241$46,848
4 years$44,279$42,594$40,984$39,444$37,972$31,863
5 years$35,069$33,394$31,805$30,297$28,866$23,058
6 years$28,931$27,269$25,703$24,229$22,841$17,337
7 years$24,548$22,900$21,359$19,920$18,575$13,375
8 years$21,263$19,630$18,115$16,710$15,410$10,507
9 years$18,709$17,091$15,602$14,233$12,978$8,366
10 years$16,667$15,065$13,602$12,269$11,058$6,729
11 years$14,997$13,412$11,975$10,678$9,510$5,454
12 years$13,607$12,038$10,628$9,366$8,241$4,448
13 years$12,432$10,878$9,495$8,269$7,186$3,645
14 years$11,425$9,888$8,531$7,340$6,300$2,999
15 years$10,553$9,033$7,703$6,546$5,547$2,475
16 years$9,791$8,288$6,984$5,861$4,902$2,048
17 years$9,119$7,633$6,355$5,266$4,347$1,698
18 years$8,523$7,053$5,801$4,746$3,865$1,410
19 years$7,990$6,537$5,311$4,288$3,445$1,173
20 years$7,511$6,074$4,874$3,884$3,077$977
21 years$7,078$5,658$4,483$3,525$2,753$814
22 years$6,685$5,281$4,132$3,205$2,468$679
23 years$6,327$4,940$3,815$2,919$2,216$567
24 years$5,999$4,628$3,528$2,662$1,991$473
25 years$5,698$4,343$3,268$2,431$1,792$396
26 years$5,420$4,082$3,031$2,223$1,614$331
27 years$5,163$3,842$2,814$2,035$1,455$276
28 years$4,926$3,620$2,616$1,864$1,313$231
29 years$4,705$3,415$2,435$1,710$1,186$193
30 years$4,499$3,225$2,268$1,569$1,071$162
31 years$4,306$3,049$2,114$1,441$969$135
32 years$4,126$2,885$1,973$1,324$876$113
33 years$3,958$2,732$1,842$1,218$793$95
34 years$3,799$2,589$1,721$1,120$718$79
35 years$3,650$2,456$1,609$1,031$650$67
36 years$3,510$2,331$1,505$950$589$56
37 years$3,377$2,214$1,409$875$534$47
38 years$3,252$2,104$1,319$807$484$39
39 years$3,134$2,001$1,236$744$439$33
40 years$3,021$1,903$1,158$686$398$27
41 years$2,915$1,812$1,086$633$361$23
42 years$2,814$1,726$1,019$584$328$19
43 years$2,717$1,644$956$539$297$16
44 years$2,626$1,567$898$498$270$13
45 years$2,539$1,494$843$460$245$11
46 years$2,455$1,426$792$425$223$9
47 years$2,376$1,361$744$392$202$8
48 years$2,300$1,299$699$363$184$7
49 years$2,227$1,240$657$335$167$6
50 years$2,158$1,185$618$310$151$5

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 $2,788 every year, while hoping to spend $30,619 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: 69/25/6 Blend
52$2,210,000$2,210,000$2,210,000$2,210,000
53$2,438,296$2,321,166$2,286,911$2,604,325
54$2,654,424$2,402,325$2,330,944$2,795,680
55$2,891,570$2,486,434$2,375,426$3,000,904
56$3,151,847$2,573,606$2,420,340$3,224,549
57$3,437,581$2,663,958$2,465,666$3,468,413
58$3,751,333$2,757,610$2,511,384$3,734,474
59$4,095,925$2,854,690$2,557,473$4,024,911
60$4,474,468$2,955,328$2,603,907$4,342,121
61$4,890,387$3,059,662$2,650,660$4,688,742
62$5,347,453$3,167,833$2,697,705$5,067,679
63$5,849,826$3,279,989$2,745,010$5,482,131
64$6,402,084$3,396,284$2,792,543$5,935,618
65$7,009,272$3,516,878$2,840,270$6,432,016
66$7,676,951$3,641,938$2,888,151$6,975,593
67$8,411,244$3,771,637$2,936,148$7,571,051
68$9,218,899$3,906,155$2,984,217$8,223,563
69$10,107,350$4,045,680$3,032,312$8,938,831
70$11,084,790$4,190,408$3,080,385$9,723,131
71$12,160,242$4,340,542$3,128,382$10,583,375
72$13,343,653$4,496,295$3,176,248$11,527,178
73$14,645,977$4,657,885$3,223,924$12,562,925
74$16,079,289$4,825,544$3,271,348$13,699,852
75$17,656,890$4,999,509$3,318,452$14,948,134
76$19,393,439$5,180,031$3,365,166$16,318,975
77$21,305,085$5,367,367$3,411,414$17,824,722
78$23,409,625$5,561,789$3,457,117$19,478,970
79$25,726,667$5,763,578$3,502,192$21,296,700
80$28,277,820$5,973,026$3,546,548$23,294,412
81$31,086,891$6,190,438$3,590,091$25,490,285
82$34,180,117$6,416,133$3,632,722$27,904,345
83$37,586,407$6,650,441$3,674,336$30,558,654
84$41,337,615$6,893,707$3,714,821$33,477,518
85$45,468,845$7,146,292$3,754,060$36,687,716
86$50,018,776$7,408,569$3,791,930$40,218,751
87$55,030,031$7,680,929$3,828,300$44,103,125
88$60,549,579$7,963,779$3,863,033$48,376,652
89$66,629,175$8,257,543$3,895,983$53,078,787
90$73,325,851$8,562,663$3,926,999$58,253,004
91$80,702,454$8,879,600$3,955,920$63,947,201
92$88,828,237$9,208,833$3,982,576$70,214,152
93$97,779,516$9,550,864$4,006,791$77,112,006
94$107,640,385$9,906,215$4,028,377$84,704,834
95$118,503,514$10,275,430$4,047,137$93,063,231
96$130,471,023$10,659,076$4,062,867$102,264,982
97$143,655,442$11,057,746$4,075,348$112,395,795
98$158,180,778$11,472,056$4,084,353$123,550,111
99$174,183,682$11,902,651$4,089,642$135,831,990
100$191,814,738$12,350,201$4,090,966$149,356,095