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

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 $2,260,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$186,629$184,966$183,344$181,761$180,216$175,930
2 years$92,390$90,670$89,002$87,385$85,817$81,525
3 years$60,982$59,254$57,590$55,989$54,446$50,281
4 years$45,281$43,558$41,911$40,337$38,831$34,825
5 years$35,862$34,150$32,525$30,982$29,519$25,683
6 years$29,585$27,886$26,285$24,777$23,357$19,696
7 years$25,104$23,419$21,843$20,370$18,996$15,509
8 years$21,744$20,074$18,524$17,088$15,759$12,446
9 years$19,132$17,478$15,955$14,555$13,271$10,129
10 years$17,044$15,406$13,910$12,547$11,308$8,333
11 years$15,337$13,715$12,246$10,920$9,725$6,913
12 years$13,915$12,310$10,868$9,578$8,427$5,774
13 years$12,713$11,125$9,710$8,456$7,349$4,849
14 years$11,683$10,112$8,724$7,506$6,442$4,090
15 years$10,792$9,237$7,877$6,694$5,672$3,462
16 years$10,013$8,475$7,142$5,994$5,013$2,940
17 years$9,326$7,805$6,499$5,385$4,445$2,503
18 years$8,716$7,212$5,932$4,853$3,952$2,135
19 years$8,171$6,684$5,431$4,385$3,523$1,825
20 years$7,681$6,211$4,984$3,972$3,146$1,562
21 years$7,238$5,786$4,584$3,605$2,816$1,338
22 years$6,836$5,401$4,225$3,278$2,524$1,148
23 years$6,470$5,051$3,901$2,985$2,266$986
24 years$6,135$4,733$3,608$2,722$2,036$847
25 years$5,827$4,441$3,342$2,486$1,832$729
26 years$5,543$4,174$3,099$2,273$1,651$627
27 years$5,280$3,928$2,878$2,081$1,488$540
28 years$5,037$3,702$2,675$1,906$1,343$465
29 years$4,811$3,492$2,490$1,748$1,213$401
30 years$4,600$3,298$2,319$1,604$1,096$345
31 years$4,404$3,118$2,162$1,474$991$298
32 years$4,220$2,950$2,017$1,354$896$257
33 years$4,047$2,794$1,883$1,245$811$221
34 years$3,885$2,648$1,760$1,146$734$191
35 years$3,733$2,511$1,645$1,055$665$165
36 years$3,589$2,384$1,539$971$602$142
37 years$3,454$2,264$1,441$895$546$123
38 years$3,326$2,152$1,349$825$495$106
39 years$3,205$2,046$1,264$761$449$91
40 years$3,090$1,946$1,185$702$407$79
41 years$2,981$1,853$1,111$647$369$68
42 years$2,877$1,765$1,042$597$335$59
43 years$2,779$1,681$978$551$304$51
44 years$2,685$1,603$918$509$276$44
45 years$2,596$1,528$862$470$251$38
46 years$2,511$1,458$809$434$228$33
47 years$2,430$1,391$760$401$207$28
48 years$2,352$1,328$715$371$188$24
49 years$2,278$1,268$672$343$170$21
50 years$2,207$1,212$631$317$155$18

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 $4,815 every year, while hoping to spend $25,943 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: 64/13/23 Blend
52$2,260,000$2,260,000$2,260,000$2,260,000
53$2,495,487$2,375,707$2,340,677$2,639,988
54$2,722,423$2,464,513$2,391,486$2,826,815
55$2,971,638$2,556,802$2,443,128$3,027,511
56$3,245,375$2,652,715$2,495,604$3,246,197
57$3,546,109$2,752,404$2,548,912$3,484,638
58$3,876,563$2,856,023$2,603,051$3,744,776
59$4,239,739$2,963,734$2,658,020$4,028,750
60$4,638,944$3,075,709$2,713,815$4,338,915
61$5,077,820$3,192,122$2,770,432$4,677,862
62$5,560,381$3,313,160$2,827,865$5,048,446
63$6,091,050$3,439,014$2,886,108$5,453,812
64$6,674,697$3,569,886$2,945,152$5,897,420
65$7,316,690$3,705,985$3,004,989$6,383,082
66$8,022,943$3,847,529$3,065,608$6,914,997
67$8,799,973$3,994,748$3,126,995$7,497,789
68$9,654,959$4,147,879$3,189,138$8,136,551
69$10,595,811$4,307,171$3,252,020$8,836,892
70$11,631,245$4,472,884$3,315,624$9,604,990
71$12,770,866$4,645,288$3,379,931$10,447,652
72$14,025,254$4,824,668$3,444,919$11,372,374
73$15,406,071$5,011,317$3,510,565$12,387,414
74$16,926,163$5,205,545$3,576,842$13,501,871
75$18,599,688$5,407,673$3,643,723$14,725,765
76$20,442,245$5,618,038$3,711,176$16,070,138
77$22,471,023$5,836,991$3,779,169$17,547,151
78$24,704,961$6,064,897$3,847,665$19,170,206
79$27,164,931$6,302,141$3,916,626$20,954,064
80$29,873,930$6,549,122$3,986,009$22,914,989
81$32,857,299$6,806,257$4,055,768$25,070,902
82$36,142,963$7,073,983$4,125,856$27,441,545
83$39,761,693$7,352,756$4,196,220$30,048,669
84$43,747,396$7,643,051$4,266,803$32,916,240
85$48,137,435$7,945,366$4,337,546$36,070,665
86$52,972,985$8,260,220$4,408,385$39,541,038
87$58,299,415$8,588,156$4,479,252$43,359,414
88$64,166,721$8,929,741$4,550,072$47,561,117
89$70,629,997$9,285,569$4,620,770$52,185,063
90$77,749,952$9,656,257$4,691,261$57,274,136
91$85,593,487$10,042,453$4,761,458$62,875,587
92$94,234,323$10,444,834$4,831,268$69,041,480
93$103,753,699$10,864,106$4,900,590$75,829,184
94$114,241,137$11,301,008$4,969,320$83,301,913
95$125,795,287$11,756,312$5,037,347$91,529,323
96$138,524,859$12,230,824$5,104,551$100,588,166
97$152,549,650$12,725,389$5,170,808$110,563,017
98$168,001,669$13,240,888$5,235,985$121,547,071
99$185,026,390$13,778,243$5,299,942$133,643,018
100$203,784,123$14,338,418$5,362,531$146,964,019