Can I retire at age 53 with 2,250,000?

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 $2,250,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$185,803$184,148$182,533$180,957$179,418$173,190
2 years$91,982$90,269$88,608$86,999$85,437$79,227
3 years$60,712$58,991$57,335$55,741$54,205$48,208
4 years$45,080$43,365$41,726$40,158$38,659$32,921
5 years$35,704$33,999$32,381$30,845$29,388$23,923
6 years$29,455$27,762$26,168$24,667$23,254$18,067
7 years$24,993$23,315$21,746$20,280$18,912$14,002
8 years$21,648$19,985$18,442$17,013$15,689$11,053
9 years$19,048$17,401$15,884$14,491$13,212$8,843
10 years$16,969$15,338$13,848$12,491$11,258$7,149
11 years$15,269$13,654$12,192$10,871$9,682$5,825
12 years$13,853$12,255$10,820$9,536$8,390$4,776
13 years$12,657$11,075$9,667$8,418$7,316$3,935
14 years$11,632$10,067$8,686$7,473$6,414$3,256
15 years$10,744$9,197$7,842$6,665$5,647$2,702
16 years$9,968$8,438$7,110$5,967$4,991$2,249
17 years$9,285$7,771$6,470$5,362$4,425$1,876
18 years$8,677$7,181$5,906$4,832$3,935$1,567
19 years$8,135$6,655$5,407$4,366$3,507$1,311
20 years$7,647$6,184$4,962$3,954$3,133$1,099
21 years$7,206$5,760$4,564$3,589$2,803$922
22 years$6,806$5,377$4,207$3,263$2,513$774
23 years$6,441$5,029$3,884$2,972$2,256$650
24 years$6,108$4,712$3,592$2,710$2,027$546
25 years$5,801$4,422$3,327$2,475$1,824$459
26 years$5,518$4,156$3,086$2,263$1,643$386
27 years$5,257$3,911$2,865$2,072$1,482$325
28 years$5,015$3,685$2,664$1,898$1,337$274
29 years$4,790$3,477$2,479$1,741$1,207$231
30 years$4,580$3,283$2,309$1,597$1,091$194
31 years$4,384$3,104$2,152$1,467$986$164
32 years$4,201$2,937$2,008$1,348$892$138
33 years$4,029$2,781$1,875$1,240$807$116
34 years$3,868$2,636$1,752$1,141$731$98
35 years$3,716$2,500$1,638$1,050$662$82
36 years$3,574$2,373$1,532$967$600$69
37 years$3,439$2,254$1,434$891$544$59
38 years$3,311$2,142$1,343$821$493$49
39 years$3,190$2,037$1,258$757$447$42
40 years$3,076$1,938$1,179$699$405$35
41 years$2,968$1,845$1,106$644$368$30
42 years$2,865$1,757$1,037$595$334$25
43 years$2,767$1,674$973$549$303$21
44 years$2,673$1,596$914$507$275$18
45 years$2,584$1,522$858$468$250$15
46 years$2,500$1,451$806$432$227$13
47 years$2,419$1,385$757$400$206$11
48 years$2,341$1,322$711$369$187$9
49 years$2,268$1,263$669$341$170$8
50 years$2,197$1,206$629$315$154$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,250,000, adding $6,532 every year, while hoping to spend $58,860 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: 66/16/18 Blend
52$2,250,000$2,250,000$2,250,000$2,250,000
53$2,486,238$2,366,988$2,332,113$2,638,862
54$2,677,207$2,420,344$2,347,612$2,795,228
55$2,885,683$2,474,341$2,361,658$2,958,693
56$3,113,389$2,528,950$2,374,139$3,135,960
57$3,362,221$2,584,135$2,384,939$3,328,383
58$3,634,270$2,639,859$2,393,937$3,537,451
59$3,931,833$2,696,081$2,401,002$3,764,807
60$4,257,445$2,752,754$2,406,000$4,012,260
61$4,613,893$2,809,827$2,408,790$4,281,803
62$5,004,248$2,867,246$2,409,222$4,575,632
63$5,431,890$2,924,950$2,407,140$4,896,168
64$5,900,545$2,982,874$2,402,381$5,246,078
65$6,414,311$3,040,946$2,394,772$5,628,301
66$6,977,708$3,099,089$2,384,133$6,046,075
67$7,595,708$3,157,219$2,370,276$6,502,970
68$8,273,792$3,215,245$2,353,002$7,002,919
69$9,017,996$3,273,068$2,332,104$7,550,258
70$9,834,966$3,330,584$2,307,365$8,149,764
71$10,732,028$3,387,678$2,278,557$8,806,701
72$11,717,248$3,444,226$2,245,441$9,526,873
73$12,799,512$3,500,099$2,207,768$10,316,675
74$13,988,611$3,555,152$2,165,278$11,183,155
75$15,295,330$3,609,236$2,117,695$12,134,081
76$16,731,551$3,662,185$2,064,735$13,178,015
77$18,310,363$3,713,826$2,006,098$14,324,393
78$20,046,189$3,763,972$1,941,470$15,583,614
79$21,954,915$3,812,422$1,870,525$16,967,140
80$24,054,049$3,858,963$1,792,919$18,487,604
81$26,362,875$3,903,365$1,708,295$20,158,929
82$28,902,644$3,945,386$1,616,279$21,996,458
83$31,696,769$3,984,765$1,516,479$24,017,106
84$34,771,045$4,021,224$1,408,487$26,239,512
85$38,153,894$4,054,467$1,291,874$28,684,218
86$41,876,635$4,084,180$1,166,196$31,373,868
87$45,973,774$4,110,026$1,030,985$34,333,416
88$50,483,331$4,131,649$885,755$37,590,365
89$55,447,200$4,148,670$729,997$41,175,027
90$60,911,542$4,160,682$563,180$45,120,810
91$66,927,223$4,167,259$384,750$49,464,534
92$73,550,288$4,167,943$194,127$54,246,779
93$80,842,495$4,162,250$0$59,512,270
94$88,871,894$4,149,665$0$65,312,084
95$97,713,471$4,129,643$0$71,738,665
96$107,449,854$4,101,604$0$78,814,687
97$118,172,090$4,064,933$0$86,606,268
98$129,980,509$4,018,980$0$95,186,269
99$142,985,664$3,963,054$0$104,634,983
100$157,309,380$3,896,422$0$115,040,889