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%11.5%
1 years$186,629$184,966$183,344$181,761$180,216$179,080
2 years$92,390$90,670$89,002$87,385$85,817$84,671
3 years$60,982$59,254$57,590$55,989$54,446$53,326
4 years$45,281$43,558$41,911$40,337$38,831$37,745
5 years$35,862$34,150$32,525$30,982$29,519$28,470
6 years$29,585$27,886$26,285$24,777$23,357$22,348
7 years$25,104$23,419$21,843$20,370$18,996$18,025
8 years$21,744$20,074$18,524$17,088$15,759$14,828
9 years$19,132$17,478$15,955$14,555$13,271$12,379
10 years$17,044$15,406$13,910$12,547$11,308$10,454
11 years$15,337$13,715$12,246$10,920$9,725$8,909
12 years$13,915$12,310$10,868$9,578$8,427$7,649
13 years$12,713$11,125$9,710$8,456$7,349$6,607
14 years$11,683$10,112$8,724$7,506$6,442$5,736
15 years$10,792$9,237$7,877$6,694$5,672$5,001
16 years$10,013$8,475$7,142$5,994$5,013$4,375
17 years$9,326$7,805$6,499$5,385$4,445$3,840
18 years$8,716$7,212$5,932$4,853$3,952$3,379
19 years$8,171$6,684$5,431$4,385$3,523$2,980
20 years$7,681$6,211$4,984$3,972$3,146$2,633
21 years$7,238$5,786$4,584$3,605$2,816$2,331
22 years$6,836$5,401$4,225$3,278$2,524$2,066
23 years$6,470$5,051$3,901$2,985$2,266$1,834
24 years$6,135$4,733$3,608$2,722$2,036$1,630
25 years$5,827$4,441$3,342$2,486$1,832$1,450
26 years$5,543$4,174$3,099$2,273$1,651$1,291
27 years$5,280$3,928$2,878$2,081$1,488$1,151
28 years$5,037$3,702$2,675$1,906$1,343$1,026
29 years$4,811$3,492$2,490$1,748$1,213$916
30 years$4,600$3,298$2,319$1,604$1,096$817
31 years$4,404$3,118$2,162$1,474$991$730
32 years$4,220$2,950$2,017$1,354$896$652
33 years$4,047$2,794$1,883$1,245$811$583
34 years$3,885$2,648$1,760$1,146$734$522
35 years$3,733$2,511$1,645$1,055$665$467
36 years$3,589$2,384$1,539$971$602$417
37 years$3,454$2,264$1,441$895$546$374
38 years$3,326$2,152$1,349$825$495$334
39 years$3,205$2,046$1,264$761$449$299
40 years$3,090$1,946$1,185$702$407$268
41 years$2,981$1,853$1,111$647$369$240
42 years$2,877$1,765$1,042$597$335$215
43 years$2,779$1,681$978$551$304$193
44 years$2,685$1,603$918$509$276$173
45 years$2,596$1,528$862$470$251$155
46 years$2,511$1,458$809$434$228$139
47 years$2,430$1,391$760$401$207$124
48 years$2,352$1,328$715$371$188$111
49 years$2,278$1,268$672$343$170$100
50 years$2,207$1,212$631$317$155$90

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 $3,213 every year, while hoping to spend $43,483 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: 60/12/28 Blend
52$2,260,000$2,260,000$2,260,000$2,260,000
53$2,493,834$2,374,054$2,339,024$2,624,383
54$2,701,940$2,444,117$2,371,116$2,783,879
55$2,929,815$2,516,156$2,402,825$2,952,906
56$3,179,430$2,590,222$2,434,094$3,136,438
57$3,452,954$2,666,366$2,464,859$3,335,899
58$3,752,780$2,744,641$2,495,056$3,552,857
59$4,081,537$2,825,102$2,524,614$3,789,040
60$4,442,126$2,907,804$2,553,460$4,046,349
61$4,837,739$2,992,803$2,581,518$4,326,882
62$5,271,894$3,080,157$2,608,705$4,632,947
63$5,748,466$3,169,922$2,634,934$4,967,089
64$6,271,721$3,262,160$2,660,116$5,332,110
65$6,846,360$3,356,930$2,684,154$5,731,100
66$7,477,563$3,454,294$2,706,948$6,167,460
67$8,171,035$3,554,314$2,728,390$6,644,941
68$8,933,059$3,657,054$2,748,370$7,167,673
69$9,770,560$3,762,579$2,766,769$7,740,208
70$10,691,166$3,870,954$2,783,465$8,367,564
71$11,703,279$3,982,245$2,798,325$9,055,266
72$12,816,159$4,096,521$2,811,215$9,809,406
73$14,040,006$4,213,849$2,821,989$10,636,695
74$15,386,058$4,334,299$2,830,497$11,544,530
75$16,866,697$4,457,941$2,836,580$12,541,060
76$18,495,567$4,584,847$2,840,072$13,635,268
77$20,287,698$4,715,087$2,840,797$14,837,050
78$22,259,652$4,848,735$2,838,573$16,157,313
79$24,429,677$4,985,864$2,833,206$17,608,077
80$26,817,881$5,126,548$2,824,495$19,202,588
81$29,446,417$5,270,861$2,812,228$20,955,442
82$32,339,697$5,418,879$2,796,183$22,882,726
83$35,524,618$5,570,677$2,776,128$25,002,166
84$39,030,819$5,726,330$2,751,818$27,333,299
85$42,890,958$5,885,915$2,722,999$29,897,654
86$47,141,019$6,049,508$2,689,402$32,718,956
87$51,820,654$6,217,185$2,650,749$35,823,353
88$56,973,556$6,389,023$2,606,745$39,239,660
89$62,647,871$6,565,097$2,557,083$42,999,630
90$68,896,652$6,745,484$2,501,443$47,138,259
91$75,778,357$6,930,259$2,439,487$51,694,114
92$83,357,404$7,119,497$2,370,865$56,709,694
93$91,704,778$7,313,272$2,295,208$62,231,839
94$100,898,700$7,511,656$2,212,132$68,312,165
95$111,025,363$7,714,723$2,121,234$75,007,558
96$122,179,747$7,922,542$2,022,093$82,380,705
97$134,466,517$8,135,182$1,914,269$90,500,693
98$148,001,008$8,352,712$1,797,303$99,443,656
99$162,910,313$8,575,197$1,670,714$109,293,498
100$179,334,482$8,802,699$1,534,000$120,142,685