Can I retire at age 53 with 2,270,000?

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 $2,270,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$187,454$185,785$184,156$182,566$181,013$177,358
2 years$92,799$91,071$89,396$87,772$86,197$82,531
3 years$61,252$59,516$57,845$56,236$54,687$51,124
4 years$45,481$43,750$42,096$40,515$39,003$35,570
5 years$36,021$34,301$32,669$31,119$29,649$26,357
6 years$29,716$28,009$26,401$24,887$23,461$20,312
7 years$25,215$23,522$21,939$20,461$19,080$16,076
8 years$21,840$20,163$18,606$17,164$15,829$12,968
9 years$19,217$17,555$16,026$14,620$13,330$10,611
10 years$17,120$15,474$13,972$12,602$11,358$8,778
11 years$15,405$13,776$12,300$10,968$9,768$7,324
12 years$13,977$12,364$10,916$9,620$8,465$6,153
13 years$12,769$11,174$9,753$8,493$7,381$5,198
14 years$11,735$10,157$8,763$7,539$6,471$4,412
15 years$10,840$9,278$7,912$6,724$5,697$3,758
16 years$10,057$8,513$7,173$6,020$5,035$3,212
17 years$9,367$7,840$6,527$5,409$4,465$2,752
18 years$8,755$7,244$5,959$4,875$3,970$2,363
19 years$8,207$6,714$5,455$4,405$3,538$2,033
20 years$7,715$6,239$5,006$3,989$3,160$1,752
21 years$7,270$5,811$4,605$3,621$2,828$1,512
22 years$6,867$5,425$4,244$3,292$2,535$1,306
23 years$6,499$5,074$3,919$2,998$2,276$1,129
24 years$6,162$4,754$3,624$2,734$2,045$978
25 years$5,852$4,461$3,357$2,497$1,841$847
26 years$5,567$4,193$3,113$2,283$1,658$734
27 years$5,304$3,946$2,891$2,090$1,495$636
28 years$5,059$3,718$2,687$1,915$1,349$552
29 years$4,832$3,508$2,501$1,756$1,218$479
30 years$4,621$3,313$2,329$1,612$1,100$416
31 years$4,423$3,131$2,172$1,480$995$361
32 years$4,238$2,963$2,026$1,360$900$314
33 years$4,065$2,806$1,892$1,251$814$273
34 years$3,903$2,659$1,768$1,151$737$237
35 years$3,750$2,522$1,653$1,059$668$206
36 years$3,605$2,394$1,546$976$605$179
37 years$3,469$2,274$1,447$899$548$156
38 years$3,341$2,161$1,355$829$497$136
39 years$3,219$2,055$1,270$764$451$118
40 years$3,103$1,955$1,190$705$409$103
41 years$2,994$1,861$1,116$650$371$89
42 years$2,890$1,772$1,047$600$337$78
43 years$2,791$1,689$982$554$306$68
44 years$2,697$1,610$922$511$277$59
45 years$2,607$1,535$866$472$252$51
46 years$2,522$1,464$813$436$229$44
47 years$2,440$1,397$764$403$208$39
48 years$2,362$1,334$718$372$189$34
49 years$2,288$1,274$675$344$171$29
50 years$2,216$1,217$634$318$156$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,270,000, adding $2,158 every year, while hoping to spend $23,882 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: 72/19/9 Blend
52$2,270,000$2,270,000$2,270,000$2,270,000
53$2,503,766$2,383,456$2,348,271$2,679,868
54$2,733,740$2,474,835$2,401,528$2,887,875
55$2,986,371$2,569,891$2,455,768$3,112,382
56$3,263,944$2,668,780$2,511,000$3,357,538
57$3,568,978$2,771,662$2,567,231$3,625,373
58$3,904,248$2,878,707$2,624,467$3,918,123
59$4,272,808$2,990,091$2,682,714$4,238,250
60$4,678,028$3,105,998$2,741,977$4,588,461
61$5,123,615$3,226,621$2,802,262$4,971,739
62$5,613,658$3,352,159$2,863,572$5,391,368
63$6,152,659$3,482,823$2,925,910$5,850,962
64$6,745,581$3,618,832$2,989,278$6,354,502
65$7,397,889$3,760,413$3,053,677$6,906,372
66$8,115,606$3,907,806$3,119,109$7,511,397
67$8,905,369$4,061,260$3,185,570$8,174,893
68$9,774,491$4,221,036$3,253,060$8,902,714
69$10,731,027$4,387,404$3,321,576$9,701,306
70$11,783,855$4,560,650$3,391,112$10,577,769
71$12,942,757$4,741,071$3,461,663$11,539,923
72$14,218,511$4,928,976$3,533,221$12,596,380
73$15,622,992$5,124,690$3,605,778$13,756,629
74$17,169,289$5,328,550$3,679,322$15,031,118
75$18,871,819$5,540,912$3,753,842$16,431,358
76$20,746,471$5,762,144$3,829,323$17,970,029
77$22,810,755$5,992,633$3,905,749$19,661,098
78$25,083,962$6,232,782$3,983,102$21,519,951
79$27,587,352$6,483,013$4,061,361$23,563,537
80$30,344,349$6,743,768$4,140,504$25,810,531
81$33,380,767$7,015,508$4,220,506$28,281,502
82$36,725,051$7,298,713$4,301,338$30,999,113
83$40,408,544$7,593,888$4,382,971$33,988,332
84$44,465,785$7,901,558$4,465,370$37,276,665
85$48,934,836$8,222,276$4,548,501$40,894,417
86$53,857,637$8,556,614$4,632,323$44,874,977
87$59,280,404$8,905,176$4,716,794$49,255,132
88$65,254,065$9,268,590$4,801,867$54,075,410
89$71,834,743$9,647,514$4,887,492$59,380,467
90$79,084,280$10,042,635$4,973,616$65,219,505
91$87,070,824$10,454,673$5,060,181$71,646,734
92$95,869,475$10,884,378$5,147,123$78,721,883
93$105,562,987$11,332,538$5,234,378$86,510,765
94$116,242,555$11,799,975$5,321,872$95,085,895
95$128,008,670$12,287,549$5,409,530$104,527,171
96$140,972,075$12,796,160$5,497,269$114,922,631
97$155,254,802$13,326,747$5,585,004$126,369,283
98$170,991,331$13,880,296$5,672,640$138,974,014
99$188,329,852$14,457,836$5,760,078$152,854,602
100$207,433,670$15,060,444$5,847,215$168,140,823