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

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 $2,250,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$185,803$184,148$182,533$180,957$179,418$175,294
2 years$91,982$90,269$88,608$86,999$85,437$81,305
3 years$60,712$58,991$57,335$55,741$54,205$50,194
4 years$45,080$43,365$41,726$40,158$38,659$34,800
5 years$35,704$33,999$32,381$30,845$29,388$25,692
6 years$29,455$27,762$26,168$24,667$23,254$19,724
7 years$24,993$23,315$21,746$20,280$18,912$15,549
8 years$21,648$19,985$18,442$17,013$15,689$12,492
9 years$19,048$17,401$15,884$14,491$13,212$10,179
10 years$16,969$15,338$13,848$12,491$11,258$8,384
11 years$15,269$13,654$12,192$10,871$9,682$6,964
12 years$13,853$12,255$10,820$9,536$8,390$5,824
13 years$12,657$11,075$9,667$8,418$7,316$4,898
14 years$11,632$10,067$8,686$7,473$6,414$4,137
15 years$10,744$9,197$7,842$6,665$5,647$3,507
16 years$9,968$8,438$7,110$5,967$4,991$2,982
17 years$9,285$7,771$6,470$5,362$4,425$2,542
18 years$8,677$7,181$5,906$4,832$3,935$2,172
19 years$8,135$6,655$5,407$4,366$3,507$1,859
20 years$7,647$6,184$4,962$3,954$3,133$1,593
21 years$7,206$5,760$4,564$3,589$2,803$1,368
22 years$6,806$5,377$4,207$3,263$2,513$1,175
23 years$6,441$5,029$3,884$2,972$2,256$1,011
24 years$6,108$4,712$3,592$2,710$2,027$870
25 years$5,801$4,422$3,327$2,475$1,824$749
26 years$5,518$4,156$3,086$2,263$1,643$646
27 years$5,257$3,911$2,865$2,072$1,482$557
28 years$5,015$3,685$2,664$1,898$1,337$480
29 years$4,790$3,477$2,479$1,741$1,207$415
30 years$4,580$3,283$2,309$1,597$1,091$358
31 years$4,384$3,104$2,152$1,467$986$309
32 years$4,201$2,937$2,008$1,348$892$267
33 years$4,029$2,781$1,875$1,240$807$231
34 years$3,868$2,636$1,752$1,141$731$199
35 years$3,716$2,500$1,638$1,050$662$172
36 years$3,574$2,373$1,532$967$600$149
37 years$3,439$2,254$1,434$891$544$129
38 years$3,311$2,142$1,343$821$493$111
39 years$3,190$2,037$1,258$757$447$96
40 years$3,076$1,938$1,179$699$405$83
41 years$2,968$1,845$1,106$644$368$72
42 years$2,865$1,757$1,037$595$334$62
43 years$2,767$1,674$973$549$303$54
44 years$2,673$1,596$914$507$275$47
45 years$2,584$1,522$858$468$250$40
46 years$2,500$1,451$806$432$227$35
47 years$2,419$1,385$757$400$206$30
48 years$2,341$1,322$711$369$187$26
49 years$2,268$1,263$669$341$170$23
50 years$2,197$1,206$629$315$154$19

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 $2,180 every year, while hoping to spend $38,335 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: 69/9/22 Blend
52$2,250,000$2,250,000$2,250,000$2,250,000
53$2,481,749$2,362,499$2,327,624$2,639,163
54$2,694,099$2,437,473$2,364,811$2,819,699
55$2,926,824$2,514,836$2,401,959$3,012,514
56$3,181,962$2,594,665$2,439,026$3,222,589
57$3,461,757$2,677,038$2,475,969$3,451,629
58$3,768,680$2,762,038$2,512,738$3,701,508
59$4,105,456$2,849,747$2,549,285$3,974,295
60$4,475,082$2,940,255$2,585,556$4,272,267
61$4,880,862$3,033,649$2,621,494$4,597,930
62$5,326,436$3,130,024$2,657,040$4,954,047
63$5,815,812$3,229,474$2,692,130$5,343,661
64$6,353,405$3,332,099$2,726,697$5,770,124
65$6,944,081$3,438,001$2,760,669$6,237,129
66$7,593,199$3,547,284$2,793,973$6,748,743
67$8,306,662$3,660,058$2,826,529$7,309,449
68$9,090,976$3,776,435$2,858,252$7,924,184
69$9,953,307$3,896,532$2,889,054$8,598,388
70$10,901,549$4,020,467$2,918,843$9,338,054
71$11,944,402$4,148,365$2,947,519$10,149,787
72$13,091,449$4,280,352$2,974,978$11,040,862
73$14,353,249$4,416,562$3,001,113$12,019,296
74$15,741,437$4,557,130$3,025,807$13,093,922
75$17,268,831$4,702,197$3,048,938$14,274,473
76$18,949,555$4,851,908$3,070,381$15,571,674
77$20,799,171$5,006,412$3,090,000$16,997,341
78$22,834,825$5,165,866$3,107,654$18,564,496
79$25,075,412$5,330,428$3,123,195$20,287,485
80$27,541,749$5,500,263$3,136,467$22,182,119
81$30,256,774$5,675,543$3,147,305$24,265,819
82$33,245,764$5,856,443$3,155,538$26,557,782
83$36,536,568$6,043,146$3,160,986$29,079,160
84$40,159,877$6,235,838$3,163,457$31,853,265
85$44,149,505$6,434,715$3,162,754$34,905,782
86$48,542,715$6,639,977$3,158,666$38,265,017
87$53,380,566$6,851,829$3,150,976$41,962,159
88$58,708,302$7,070,488$3,139,452$46,031,580
89$64,575,780$7,296,172$3,123,854$50,511,156
90$71,037,935$7,529,111$3,103,930$55,442,624
91$78,155,307$7,769,540$3,079,414$60,871,978
92$85,994,603$8,017,702$3,050,028$66,849,902
93$94,629,332$8,273,848$3,015,484$73,432,249
94$104,140,496$8,538,240$2,975,475$80,680,566
95$114,617,357$8,811,144$2,929,684$88,662,680
96$126,158,276$9,092,838$2,877,776$97,453,333
97$138,871,641$9,383,608$2,819,403$107,134,890
98$152,876,895$9,683,751$2,754,199$117,798,116
99$168,305,655$9,993,571$2,681,782$129,543,034
100$185,302,961$10,313,386$2,601,751$142,479,869