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%15.3%
1 years$185,803$184,148$182,533$180,957$179,418$175,509
2 years$91,982$90,269$88,608$86,999$85,437$81,518
3 years$60,712$58,991$57,335$55,741$54,205$50,399
4 years$45,080$43,365$41,726$40,158$38,659$34,995
5 years$35,704$33,999$32,381$30,845$29,388$25,877
6 years$29,455$27,762$26,168$24,667$23,254$19,898
7 years$24,993$23,315$21,746$20,280$18,912$15,713
8 years$21,648$19,985$18,442$17,013$15,689$12,646
9 years$19,048$17,401$15,884$14,491$13,212$10,323
10 years$16,969$15,338$13,848$12,491$11,258$8,518
11 years$15,269$13,654$12,192$10,871$9,682$7,090
12 years$13,853$12,255$10,820$9,536$8,390$5,941
13 years$12,657$11,075$9,667$8,418$7,316$5,005
14 years$11,632$10,067$8,686$7,473$6,414$4,236
15 years$10,744$9,197$7,842$6,665$5,647$3,599
16 years$9,968$8,438$7,110$5,967$4,991$3,067
17 years$9,285$7,771$6,470$5,362$4,425$2,620
18 years$8,677$7,181$5,906$4,832$3,935$2,243
19 years$8,135$6,655$5,407$4,366$3,507$1,924
20 years$7,647$6,184$4,962$3,954$3,133$1,653
21 years$7,206$5,760$4,564$3,589$2,803$1,422
22 years$6,806$5,377$4,207$3,263$2,513$1,225
23 years$6,441$5,029$3,884$2,972$2,256$1,056
24 years$6,108$4,712$3,592$2,710$2,027$911
25 years$5,801$4,422$3,327$2,475$1,824$787
26 years$5,518$4,156$3,086$2,263$1,643$680
27 years$5,257$3,911$2,865$2,072$1,482$587
28 years$5,015$3,685$2,664$1,898$1,337$508
29 years$4,790$3,477$2,479$1,741$1,207$440
30 years$4,580$3,283$2,309$1,597$1,091$380
31 years$4,384$3,104$2,152$1,467$986$329
32 years$4,201$2,937$2,008$1,348$892$285
33 years$4,029$2,781$1,875$1,240$807$247
34 years$3,868$2,636$1,752$1,141$731$214
35 years$3,716$2,500$1,638$1,050$662$185
36 years$3,574$2,373$1,532$967$600$161
37 years$3,439$2,254$1,434$891$544$139
38 years$3,311$2,142$1,343$821$493$121
39 years$3,190$2,037$1,258$757$447$105
40 years$3,076$1,938$1,179$699$405$91
41 years$2,968$1,845$1,106$644$368$79
42 years$2,865$1,757$1,037$595$334$68
43 years$2,767$1,674$973$549$303$59
44 years$2,673$1,596$914$507$275$51
45 years$2,584$1,522$858$468$250$44
46 years$2,500$1,451$806$432$227$39
47 years$2,419$1,385$757$400$206$33
48 years$2,341$1,322$711$369$187$29
49 years$2,268$1,263$669$341$170$25
50 years$2,197$1,206$629$315$154$22

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 $4,760 every year, while hoping to spend $40,960 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: 27/47/26 Blend
52$2,250,000$2,250,000$2,250,000$2,250,000
53$2,484,410$2,365,160$2,330,285$2,531,186
54$2,694,239$2,437,472$2,364,768$2,641,411
55$2,924,097$2,511,954$2,399,034$2,755,814
56$3,175,985$2,588,670$2,433,032$2,877,803
57$3,452,105$2,667,684$2,466,708$3,008,052
58$3,754,882$2,749,063$2,500,005$3,147,299
59$4,086,989$2,832,876$2,532,864$3,296,358
60$4,451,367$2,919,192$2,565,220$3,456,121
61$4,851,258$3,008,084$2,597,007$3,627,571
62$5,290,233$3,099,627$2,628,153$3,811,787
63$5,772,224$3,193,895$2,658,583$4,009,957
64$6,301,563$3,290,968$2,688,218$4,223,387
65$6,883,022$3,390,926$2,716,973$4,453,514
66$7,521,859$3,493,850$2,744,761$4,701,920
67$8,223,866$3,599,826$2,771,488$4,970,344
68$8,995,424$3,708,941$2,797,055$5,260,702
69$9,843,561$3,821,282$2,821,360$5,575,101
70$10,776,021$3,936,943$2,844,294$5,915,862
71$11,801,338$4,056,016$2,865,740$6,285,538
72$12,928,912$4,178,597$2,885,579$6,686,941
73$14,169,098$4,304,786$2,903,684$7,123,169
74$15,533,310$4,434,684$2,919,920$7,597,629
75$17,034,117$4,568,394$2,934,148$8,114,077
76$18,685,375$4,706,023$2,946,220$8,676,647
77$20,502,344$4,847,679$2,955,979$9,289,892
78$22,501,843$4,993,475$2,963,264$9,958,828
79$24,702,401$5,143,525$2,967,903$10,688,980
80$27,124,435$5,297,947$2,969,717$11,486,430
81$29,790,442$5,456,861$2,968,517$12,357,883
82$32,725,210$5,620,390$2,964,105$13,310,721
83$35,956,052$5,788,660$2,956,274$14,353,078
84$39,513,066$5,961,801$2,944,806$15,493,914
85$43,429,415$6,139,945$2,929,473$16,743,101
86$47,741,640$6,323,228$2,910,035$18,111,514
87$52,490,009$6,511,788$2,886,243$19,611,136
88$57,718,892$6,705,767$2,857,834$21,255,167
89$63,477,179$6,905,310$2,824,532$23,058,154
90$69,818,748$7,110,566$2,786,050$25,036,123
91$76,802,963$7,321,687$2,742,086$27,206,730
92$84,495,244$7,538,828$2,692,324$29,589,433
93$92,967,677$7,762,148$2,636,435$32,205,671
94$102,299,695$7,991,810$2,574,071$35,079,064
95$112,578,834$8,227,977$2,504,872$38,235,644
96$123,901,548$8,470,822$2,428,458$41,704,091
97$136,374,128$8,720,515$2,344,434$45,516,010
98$150,113,703$8,977,233$2,252,386$49,706,228
99$165,249,341$9,241,158$2,151,881$54,313,120
100$181,923,271$9,512,472$2,042,466$59,378,975