Can I retire at age 53 with 2,230,000?

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 $2,230,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$184,151$182,511$180,911$179,349$177,823$171,242
2 years$91,164$89,466$87,821$86,225$84,678$78,121
3 years$60,172$58,467$56,826$55,245$53,723$47,398
4 years$44,679$42,980$41,355$39,801$38,316$32,270
5 years$35,386$33,696$32,093$30,571$29,127$23,376
6 years$29,193$27,516$25,936$24,448$23,047$17,596
7 years$24,771$23,108$21,553$20,100$18,744$13,590
8 years$21,455$19,808$18,278$16,861$15,550$10,689
9 years$18,878$17,246$15,743$14,362$13,095$8,521
10 years$16,818$15,202$13,725$12,380$11,158$6,862
11 years$15,133$13,533$12,084$10,775$9,596$5,570
12 years$13,730$12,147$10,724$9,451$8,316$4,549
13 years$12,544$10,977$9,581$8,344$7,251$3,733
14 years$11,528$9,978$8,609$7,407$6,357$3,075
15 years$10,649$9,115$7,772$6,605$5,597$2,542
16 years$9,880$8,363$7,047$5,914$4,946$2,106
17 years$9,202$7,702$6,412$5,314$4,386$1,749
18 years$8,600$7,117$5,854$4,789$3,900$1,455
19 years$8,062$6,596$5,359$4,327$3,476$1,212
20 years$7,579$6,129$4,918$3,919$3,105$1,010
21 years$7,142$5,709$4,524$3,557$2,778$844
22 years$6,746$5,329$4,169$3,234$2,490$705
23 years$6,384$4,984$3,850$2,945$2,236$589
24 years$6,053$4,670$3,560$2,686$2,009$493
25 years$5,749$4,382$3,297$2,453$1,808$412
26 years$5,469$4,119$3,058$2,243$1,629$345
27 years$5,210$3,876$2,840$2,053$1,468$289
28 years$4,970$3,653$2,640$1,881$1,325$242
29 years$4,747$3,446$2,457$1,725$1,196$203
30 years$4,539$3,254$2,288$1,583$1,081$170
31 years$4,345$3,076$2,133$1,454$977$143
32 years$4,164$2,911$1,990$1,336$884$120
33 years$3,994$2,757$1,858$1,229$800$100
34 years$3,834$2,613$1,736$1,131$724$84
35 years$3,683$2,478$1,623$1,041$656$70
36 years$3,542$2,352$1,519$959$594$59
37 years$3,408$2,234$1,421$883$539$50
38 years$3,282$2,123$1,331$814$488$42
39 years$3,162$2,019$1,247$751$443$35
40 years$3,049$1,921$1,169$692$402$29
41 years$2,941$1,828$1,096$639$365$25
42 years$2,839$1,741$1,028$589$331$21
43 years$2,742$1,659$965$544$300$17
44 years$2,650$1,581$906$502$272$14
45 years$2,561$1,508$850$464$247$12
46 years$2,477$1,439$799$429$225$10
47 years$2,397$1,373$750$396$204$9
48 years$2,321$1,311$705$366$185$7
49 years$2,247$1,252$663$338$168$6
50 years$2,177$1,195$623$313$153$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,230,000, adding $5,775 every year, while hoping to spend $21,199 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: 49/38/13 Blend
52$2,230,000$2,230,000$2,230,000$2,230,000
53$2,463,417$2,345,227$2,310,662$2,575,065
54$2,692,130$2,437,587$2,365,514$2,744,832
55$2,943,461$2,533,763$2,421,492$2,926,456
56$3,219,695$2,633,919$2,478,613$3,123,269
57$3,523,349$2,738,226$2,536,892$3,336,700
58$3,857,196$2,846,864$2,596,343$3,568,320
59$4,224,291$2,960,021$2,656,981$3,819,857
60$4,628,000$3,077,894$2,718,822$4,093,207
61$5,072,031$3,200,686$2,781,878$4,390,457
62$5,560,471$3,328,612$2,846,163$4,713,900
63$6,097,821$3,461,896$2,911,692$5,066,058
64$6,689,042$3,600,772$2,978,476$5,449,706
65$7,339,598$3,745,484$3,046,529$5,867,892
66$8,055,512$3,896,287$3,115,863$6,323,973
67$8,843,418$4,053,449$3,186,488$6,821,638
68$9,710,627$4,217,249$3,258,416$7,364,949
69$10,665,195$4,387,977$3,331,656$7,958,372
70$11,715,997$4,565,941$3,406,219$8,606,825
71$12,872,814$4,751,457$3,482,112$9,315,715
72$14,146,422$4,944,860$3,559,345$10,090,997
73$15,548,697$5,146,498$3,637,923$10,939,222
74$17,092,723$5,356,735$3,717,852$11,867,602
75$18,792,919$5,575,953$3,799,138$12,884,076
76$20,665,172$5,804,550$3,881,784$13,997,382
77$22,726,989$6,042,942$3,965,793$15,217,139
78$24,997,661$6,291,566$4,051,167$16,553,940
79$27,498,446$6,550,877$4,137,905$18,019,443
80$30,252,769$6,821,351$4,226,006$19,626,488
81$33,286,441$7,103,487$4,315,467$21,389,211
82$36,627,907$7,397,806$4,406,283$23,323,178
83$40,308,508$7,704,853$4,498,449$25,445,531
84$44,362,785$8,025,200$4,591,955$27,775,146
85$48,828,796$8,359,442$4,686,793$30,332,812
86$53,748,482$8,708,203$4,782,949$33,141,421
87$59,168,059$9,072,137$4,880,410$36,226,190
88$65,138,455$9,451,926$4,979,159$39,614,888
89$71,715,793$9,848,286$5,079,176$43,338,103
90$78,961,916$10,261,964$5,180,440$47,429,523
91$86,944,973$10,693,741$5,282,926$51,926,257
92$95,740,063$11,144,438$5,386,607$56,869,180
93$105,429,944$11,614,910$5,491,453$62,303,316
94$116,105,811$12,106,053$5,597,430$68,278,263
95$127,868,160$12,618,806$5,704,500$74,848,654
96$140,827,735$13,154,150$5,812,623$82,074,676
97$155,106,572$13,713,112$5,921,754$90,022,629
98$170,839,155$14,296,767$6,031,845$98,765,553
99$188,173,680$14,906,239$6,142,843$108,383,914
100$207,273,458$15,542,708$6,254,691$118,966,358