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%19%
1 years$186,629$184,966$183,344$181,761$180,216$173,683
2 years$92,390$90,670$89,002$87,385$85,817$79,307
3 years$60,982$59,254$57,590$55,989$54,446$48,164
4 years$45,281$43,558$41,911$40,337$38,831$32,825
5 years$35,862$34,150$32,525$30,982$29,519$23,803
6 years$29,585$27,886$26,285$24,777$23,357$17,937
7 years$25,104$23,419$21,843$20,370$18,996$13,869
8 years$21,744$20,074$18,524$17,088$15,759$10,922
9 years$19,132$17,478$15,955$14,555$13,271$8,718
10 years$17,044$15,406$13,910$12,547$11,308$7,029
11 years$15,337$13,715$12,246$10,920$9,725$5,713
12 years$13,915$12,310$10,868$9,578$8,427$4,671
13 years$12,713$11,125$9,710$8,456$7,349$3,839
14 years$11,683$10,112$8,724$7,506$6,442$3,167
15 years$10,792$9,237$7,877$6,694$5,672$2,621
16 years$10,013$8,475$7,142$5,994$5,013$2,175
17 years$9,326$7,805$6,499$5,385$4,445$1,809
18 years$8,716$7,212$5,932$4,853$3,952$1,507
19 years$8,171$6,684$5,431$4,385$3,523$1,257
20 years$7,681$6,211$4,984$3,972$3,146$1,050
21 years$7,238$5,786$4,584$3,605$2,816$878
22 years$6,836$5,401$4,225$3,278$2,524$735
23 years$6,470$5,051$3,901$2,985$2,266$615
24 years$6,135$4,733$3,608$2,722$2,036$515
25 years$5,827$4,441$3,342$2,486$1,832$432
26 years$5,543$4,174$3,099$2,273$1,651$362
27 years$5,280$3,928$2,878$2,081$1,488$304
28 years$5,037$3,702$2,675$1,906$1,343$255
29 years$4,811$3,492$2,490$1,748$1,213$214
30 years$4,600$3,298$2,319$1,604$1,096$180
31 years$4,404$3,118$2,162$1,474$991$151
32 years$4,220$2,950$2,017$1,354$896$127
33 years$4,047$2,794$1,883$1,245$811$106
34 years$3,885$2,648$1,760$1,146$734$89
35 years$3,733$2,511$1,645$1,055$665$75
36 years$3,589$2,384$1,539$971$602$63
37 years$3,454$2,264$1,441$895$546$53
38 years$3,326$2,152$1,349$825$495$44
39 years$3,205$2,046$1,264$761$449$37
40 years$3,090$1,946$1,185$702$407$31
41 years$2,981$1,853$1,111$647$369$26
42 years$2,877$1,765$1,042$597$335$22
43 years$2,779$1,681$978$551$304$19
44 years$2,685$1,603$918$509$276$16
45 years$2,596$1,528$862$470$251$13
46 years$2,511$1,458$809$434$228$11
47 years$2,430$1,391$760$401$207$9
48 years$2,352$1,328$715$371$188$8
49 years$2,278$1,268$672$343$170$7
50 years$2,207$1,212$631$317$155$6

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 $2,683 every year, while hoping to spend $36,810 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: 53/31/16 Blend
52$2,260,000$2,260,000$2,260,000$2,260,000
53$2,493,288$2,373,508$2,338,478$2,614,555
54$2,708,437$2,450,644$2,377,651$2,774,905
55$2,944,299$2,530,326$2,416,903$2,945,157
56$3,202,945$2,612,640$2,456,197$3,129,583
57$3,486,661$2,697,675$2,495,496$3,329,538
58$3,797,962$2,785,523$2,534,756$3,546,517
59$4,139,619$2,876,278$2,573,935$3,782,161
60$4,514,684$2,970,040$2,612,986$4,038,277
61$4,926,520$3,066,910$2,651,859$4,316,854
62$5,378,831$3,166,994$2,690,502$4,620,081
63$5,875,695$3,270,401$2,728,858$4,950,367
64$6,421,610$3,377,243$2,766,868$5,310,365
65$7,021,525$3,487,639$2,804,469$5,702,994
66$7,680,896$3,601,709$2,841,594$6,131,469
67$8,405,733$3,719,579$2,878,173$6,599,330
68$9,202,657$3,841,377$2,914,131$7,110,473
69$10,078,962$3,967,239$2,949,389$7,669,189
70$11,042,687$4,097,304$2,983,864$8,280,205
71$12,102,685$4,231,716$3,017,467$8,948,725
72$13,268,712$4,370,624$3,050,106$9,680,479
73$14,551,518$4,514,182$3,081,682$10,481,781
74$15,962,947$4,662,550$3,112,092$11,359,582
75$17,516,047$4,815,895$3,141,227$12,321,541
76$19,225,197$4,974,387$3,168,971$13,376,092
77$21,106,239$5,138,204$3,195,204$14,532,525
78$23,176,630$5,307,531$3,219,798$15,801,076
79$25,455,604$5,482,558$3,242,619$17,193,018
80$27,964,355$5,663,482$3,263,526$18,720,770
81$30,726,235$5,850,508$3,282,369$20,398,015
82$33,766,976$6,043,848$3,298,994$22,239,824
83$37,114,933$6,243,722$3,313,236$24,262,803
84$40,801,349$6,450,357$3,324,922$26,485,246
85$44,860,651$6,663,990$3,333,871$28,927,306
86$49,330,775$6,884,863$3,339,894$31,611,189
87$54,253,523$7,113,230$3,342,789$34,561,360
88$59,674,959$7,349,355$3,342,349$37,804,772
89$65,645,840$7,593,508$3,338,353$41,371,124
90$72,222,097$7,845,972$3,330,570$45,293,137
91$79,465,365$8,107,039$3,318,758$49,606,865
92$87,443,560$8,377,011$3,302,663$54,352,030
93$96,231,521$8,656,203$3,282,021$59,572,403
94$105,911,719$8,944,940$3,256,551$65,316,210
95$116,575,032$9,243,559$3,225,963$71,636,593
96$128,321,602$9,552,411$3,189,950$78,592,103
97$141,261,784$9,871,857$3,148,192$86,247,261
98$155,517,183$10,202,275$3,100,354$94,673,156
99$171,221,804$10,544,055$3,046,083$103,948,126
100$188,523,315$10,897,600$2,985,014$114,158,490