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

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 $2,230,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$184,151$182,511$180,911$179,349$177,823$170,701
2 years$91,164$89,466$87,821$86,225$84,678$77,591
3 years$60,172$58,467$56,826$55,245$53,723$46,896
4 years$44,679$42,980$41,355$39,801$38,316$31,800
5 years$35,386$33,696$32,093$30,571$29,127$22,939
6 years$29,193$27,516$25,936$24,448$23,047$17,191
7 years$24,771$23,108$21,553$20,100$18,744$13,216
8 years$21,455$19,808$18,278$16,861$15,550$10,346
9 years$18,878$17,246$15,743$14,362$13,095$8,207
10 years$16,818$15,202$13,725$12,380$11,158$6,576
11 years$15,133$13,533$12,084$10,775$9,596$5,309
12 years$13,730$12,147$10,724$9,451$8,316$4,313
13 years$12,544$10,977$9,581$8,344$7,251$3,520
14 years$11,528$9,978$8,609$7,407$6,357$2,884
15 years$10,649$9,115$7,772$6,605$5,597$2,370
16 years$9,880$8,363$7,047$5,914$4,946$1,952
17 years$9,202$7,702$6,412$5,314$4,386$1,611
18 years$8,600$7,117$5,854$4,789$3,900$1,332
19 years$8,062$6,596$5,359$4,327$3,476$1,103
20 years$7,579$6,129$4,918$3,919$3,105$914
21 years$7,142$5,709$4,524$3,557$2,778$759
22 years$6,746$5,329$4,169$3,234$2,490$630
23 years$6,384$4,984$3,850$2,945$2,236$523
24 years$6,053$4,670$3,560$2,686$2,009$435
25 years$5,749$4,382$3,297$2,453$1,808$362
26 years$5,469$4,119$3,058$2,243$1,629$301
27 years$5,210$3,876$2,840$2,053$1,468$250
28 years$4,970$3,653$2,640$1,881$1,325$208
29 years$4,747$3,446$2,457$1,725$1,196$173
30 years$4,539$3,254$2,288$1,583$1,081$144
31 years$4,345$3,076$2,133$1,454$977$120
32 years$4,164$2,911$1,990$1,336$884$100
33 years$3,994$2,757$1,858$1,229$800$83
34 years$3,834$2,613$1,736$1,131$724$70
35 years$3,683$2,478$1,623$1,041$656$58
36 years$3,542$2,352$1,519$959$594$48
37 years$3,408$2,234$1,421$883$539$40
38 years$3,282$2,123$1,331$814$488$33
39 years$3,162$2,019$1,247$751$443$28
40 years$3,049$1,921$1,169$692$402$23
41 years$2,941$1,828$1,096$639$365$19
42 years$2,839$1,741$1,028$589$331$16
43 years$2,742$1,659$965$544$300$13
44 years$2,650$1,581$906$502$272$11
45 years$2,561$1,508$850$464$247$9
46 years$2,477$1,439$799$429$225$8
47 years$2,397$1,373$750$396$204$6
48 years$2,321$1,311$705$366$185$5
49 years$2,247$1,252$663$338$168$5
50 years$2,177$1,195$623$313$153$4

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 $3,753 every year, while hoping to spend $40,498 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: 49/43/8 Blend
52$2,230,000$2,230,000$2,230,000$2,230,000
53$2,461,331$2,343,141$2,308,576$2,576,578
54$2,669,297$2,414,866$2,342,824$2,727,522
55$2,897,119$2,488,747$2,376,862$2,886,781
56$3,146,778$2,564,849$2,410,640$3,058,816
57$3,420,458$2,643,235$2,444,105$3,244,829
58$3,720,564$2,723,973$2,477,202$3,446,144
59$4,049,744$2,807,130$2,509,870$3,664,219
60$4,410,916$2,892,777$2,542,049$3,900,655
61$4,807,292$2,980,986$2,573,670$4,157,213
62$5,242,412$3,071,831$2,604,664$4,435,834
63$5,720,175$3,165,387$2,634,957$4,738,649
64$6,244,875$3,261,733$2,664,471$5,068,008
65$6,821,244$3,360,950$2,693,122$5,426,495
66$7,454,493$3,463,119$2,720,824$5,816,953
67$8,150,364$3,568,324$2,747,484$6,242,514
68$8,915,183$3,676,654$2,773,007$6,706,625
69$9,755,918$3,788,196$2,797,289$7,213,081
70$10,680,247$3,903,043$2,820,223$7,766,059
71$11,696,627$4,021,288$2,841,696$8,370,161
72$12,814,379$4,143,027$2,861,589$9,030,452
73$14,043,770$4,268,359$2,879,776$9,752,511
74$15,396,112$4,397,386$2,896,126$10,542,480
75$16,883,868$4,530,211$2,910,499$11,407,127
76$18,520,773$4,666,941$2,922,751$12,353,902
77$20,321,956$4,807,685$2,932,727$13,391,014
78$22,304,090$4,952,557$2,940,268$14,527,501
79$24,485,544$5,101,669$2,945,204$15,773,322
80$26,886,560$5,255,141$2,947,359$17,139,444
81$29,529,439$5,413,093$2,946,545$18,637,951
82$32,438,756$5,575,649$2,942,569$20,282,150
83$35,641,589$5,742,935$2,935,224$22,086,705
84$39,167,774$5,915,082$2,924,297$24,067,767
85$43,050,188$6,092,222$2,909,563$26,243,131
86$47,325,059$6,274,493$2,890,785$28,632,402
87$52,032,305$6,462,032$2,867,716$31,257,177
88$57,215,912$6,654,984$2,840,097$34,141,251
89$62,924,352$6,853,495$2,807,656$37,310,841
90$69,211,033$7,057,714$2,770,110$40,794,832
91$76,134,810$7,267,794$2,727,161$44,625,049
92$83,760,537$7,483,891$2,678,496$48,836,556
93$92,159,677$7,706,167$2,623,791$53,467,987
94$101,410,979$7,934,785$2,562,703$58,561,913
95$111,601,221$8,169,912$2,494,876$64,165,236
96$122,826,027$8,411,719$2,419,936$70,329,640
97$135,190,770$8,660,381$2,337,492$77,112,070
98$148,811,567$8,916,077$2,247,136$84,575,274
99$163,816,371$9,178,990$2,148,440$92,788,391
100$180,346,186$9,449,305$2,040,957$101,827,609