Can I retire at age 53 with 2,260,000?

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 $2,260,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$186,629$184,966$183,344$181,761$180,216$178,037
2 years$92,390$90,670$89,002$87,385$85,817$83,625
3 years$60,982$59,254$57,590$55,989$54,446$52,308
4 years$45,281$43,558$41,911$40,337$38,831$36,764
5 years$35,862$34,150$32,525$30,982$29,519$27,528
6 years$29,585$27,886$26,285$24,777$23,357$21,446
7 years$25,104$23,419$21,843$20,370$18,996$17,164
8 years$21,744$20,074$18,524$17,088$15,759$14,007
9 years$19,132$17,478$15,955$14,555$13,271$11,598
10 years$17,044$15,406$13,910$12,547$11,308$9,713
11 years$15,337$13,715$12,246$10,920$9,725$8,206
12 years$13,915$12,310$10,868$9,578$8,427$6,984
13 years$12,713$11,125$9,710$8,456$7,349$5,978
14 years$11,683$10,112$8,724$7,506$6,442$5,142
15 years$10,792$9,237$7,877$6,694$5,672$4,441
16 years$10,013$8,475$7,142$5,994$5,013$3,848
17 years$9,326$7,805$6,499$5,385$4,445$3,345
18 years$8,716$7,212$5,932$4,853$3,952$2,914
19 years$8,171$6,684$5,431$4,385$3,523$2,544
20 years$7,681$6,211$4,984$3,972$3,146$2,225
21 years$7,238$5,786$4,584$3,605$2,816$1,949
22 years$6,836$5,401$4,225$3,278$2,524$1,710
23 years$6,470$5,051$3,901$2,985$2,266$1,502
24 years$6,135$4,733$3,608$2,722$2,036$1,320
25 years$5,827$4,441$3,342$2,486$1,832$1,162
26 years$5,543$4,174$3,099$2,273$1,651$1,023
27 years$5,280$3,928$2,878$2,081$1,488$902
28 years$5,037$3,702$2,675$1,906$1,343$795
29 years$4,811$3,492$2,490$1,748$1,213$702
30 years$4,600$3,298$2,319$1,604$1,096$619
31 years$4,404$3,118$2,162$1,474$991$547
32 years$4,220$2,950$2,017$1,354$896$483
33 years$4,047$2,794$1,883$1,245$811$427
34 years$3,885$2,648$1,760$1,146$734$377
35 years$3,733$2,511$1,645$1,055$665$333
36 years$3,589$2,384$1,539$971$602$295
37 years$3,454$2,264$1,441$895$546$261
38 years$3,326$2,152$1,349$825$495$231
39 years$3,205$2,046$1,264$761$449$204
40 years$3,090$1,946$1,185$702$407$181
41 years$2,981$1,853$1,111$647$369$160
42 years$2,877$1,765$1,042$597$335$141
43 years$2,779$1,681$978$551$304$125
44 years$2,685$1,603$918$509$276$111
45 years$2,596$1,528$862$470$251$98
46 years$2,511$1,458$809$434$228$87
47 years$2,430$1,391$760$401$207$77
48 years$2,352$1,328$715$371$188$68
49 years$2,278$1,268$672$343$170$60
50 years$2,207$1,212$631$317$155$53

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,260,000, adding $6,846 every year, while hoping to spend $50,613 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: 84/7/9 Blend
52$2,260,000$2,260,000$2,260,000$2,260,000
53$2,497,582$2,377,802$2,342,772$2,703,826
54$2,698,483$2,440,462$2,367,403$2,902,300
55$2,918,180$2,504,497$2,391,162$3,112,738
56$3,158,537$2,569,919$2,413,968$3,342,317
57$3,421,605$2,636,742$2,435,734$3,592,932
58$3,709,644$2,704,978$2,456,366$3,866,665
59$4,025,142$2,774,637$2,475,769$4,165,812
60$4,370,841$2,845,728$2,493,842$4,492,903
61$4,749,758$2,918,260$2,510,476$4,850,720
62$5,165,216$2,992,238$2,525,561$5,242,331
63$5,620,878$3,067,667$2,538,976$5,671,114
64$6,120,774$3,144,549$2,550,599$6,140,791
65$6,669,346$3,222,886$2,560,297$6,655,461
66$7,271,487$3,302,675$2,567,935$7,219,640
67$7,932,586$3,383,912$2,573,367$7,838,303
68$8,658,577$3,466,592$2,576,443$8,516,930
69$9,456,001$3,550,704$2,577,002$9,261,559
70$10,332,061$3,636,236$2,574,880$10,078,842
71$11,294,693$3,723,173$2,569,900$10,976,108
72$12,352,639$3,811,496$2,561,879$11,961,432
73$13,515,531$3,901,183$2,550,625$13,043,710
74$14,793,980$3,992,206$2,535,936$14,232,745
75$16,199,677$4,084,535$2,517,601$15,539,335
76$17,745,502$4,178,134$2,495,398$16,975,381
77$19,445,644$4,272,964$2,469,095$18,553,995
78$21,315,739$4,368,979$2,438,449$20,289,623
79$23,373,013$4,466,127$2,403,206$22,198,185
80$25,636,446$4,564,353$2,363,098$24,297,221
81$28,126,949$4,663,592$2,317,848$26,606,058
82$30,867,565$4,763,774$2,267,163$29,145,994
83$33,883,681$4,864,824$2,210,737$31,940,496
84$37,203,270$4,966,655$2,148,251$35,015,424
85$40,857,157$5,069,174$2,079,371$38,399,271
86$44,879,304$5,172,280$2,003,746$42,123,437
87$49,307,133$5,275,862$1,921,012$46,222,522
88$54,181,880$5,379,799$1,830,786$50,734,653
89$59,548,982$5,483,959$1,732,667$55,701,843
90$65,458,506$5,588,201$1,626,239$61,170,388
91$71,965,621$5,692,369$1,511,065$67,191,308
92$79,131,117$5,796,298$1,386,688$73,820,819
93$87,021,981$5,899,807$1,252,633$81,120,873
94$95,712,027$6,002,702$1,108,400$89,159,739
95$105,282,593$6,104,773$953,471$98,012,645
96$115,823,307$6,205,796$787,301$107,762,492
97$127,432,933$6,305,529$609,324$118,500,634
98$140,220,303$6,403,712$418,948$130,327,742
99$154,305,346$6,500,065$215,555$143,354,753
100$169,820,214$6,594,291$0$157,703,916