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

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 $2,270,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$187,454$185,785$184,156$182,566$181,013$177,649
2 years$92,799$91,071$89,396$87,772$86,197$82,820
3 years$61,252$59,516$57,845$56,236$54,687$51,403
4 years$45,481$43,750$42,096$40,515$39,003$35,837
5 years$36,021$34,301$32,669$31,119$29,649$26,610
6 years$29,716$28,009$26,401$24,887$23,461$20,552
7 years$25,215$23,522$21,939$20,461$19,080$16,302
8 years$21,840$20,163$18,606$17,164$15,829$13,181
9 years$19,217$17,555$16,026$14,620$13,330$10,811
10 years$17,120$15,474$13,972$12,602$11,358$8,966
11 years$15,405$13,776$12,300$10,968$9,768$7,500
12 years$13,977$12,364$10,916$9,620$8,465$6,317
13 years$12,769$11,174$9,753$8,493$7,381$5,351
14 years$11,735$10,157$8,763$7,539$6,471$4,554
15 years$10,840$9,278$7,912$6,724$5,697$3,890
16 years$10,057$8,513$7,173$6,020$5,035$3,333
17 years$9,367$7,840$6,527$5,409$4,465$2,864
18 years$8,755$7,244$5,959$4,875$3,970$2,467
19 years$8,207$6,714$5,455$4,405$3,538$2,129
20 years$7,715$6,239$5,006$3,989$3,160$1,840
21 years$7,270$5,811$4,605$3,621$2,828$1,592
22 years$6,867$5,425$4,244$3,292$2,535$1,380
23 years$6,499$5,074$3,919$2,998$2,276$1,197
24 years$6,162$4,754$3,624$2,734$2,045$1,039
25 years$5,852$4,461$3,357$2,497$1,841$903
26 years$5,567$4,193$3,113$2,283$1,658$785
27 years$5,304$3,946$2,891$2,090$1,495$683
28 years$5,059$3,718$2,687$1,915$1,349$595
29 years$4,832$3,508$2,501$1,756$1,218$518
30 years$4,621$3,313$2,329$1,612$1,100$451
31 years$4,423$3,131$2,172$1,480$995$393
32 years$4,238$2,963$2,026$1,360$900$343
33 years$4,065$2,806$1,892$1,251$814$299
34 years$3,903$2,659$1,768$1,151$737$261
35 years$3,750$2,522$1,653$1,059$668$227
36 years$3,605$2,394$1,546$976$605$198
37 years$3,469$2,274$1,447$899$548$173
38 years$3,341$2,161$1,355$829$497$151
39 years$3,219$2,055$1,270$764$451$132
40 years$3,103$1,955$1,190$705$409$115
41 years$2,994$1,861$1,116$650$371$100
42 years$2,890$1,772$1,047$600$337$88
43 years$2,791$1,689$982$554$306$76
44 years$2,697$1,610$922$511$277$67
45 years$2,607$1,535$866$472$252$58
46 years$2,522$1,464$813$436$229$51
47 years$2,440$1,397$764$403$208$44
48 years$2,362$1,334$718$372$189$39
49 years$2,288$1,274$675$344$171$34
50 years$2,216$1,217$634$318$156$30

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 $4,844 every year, while hoping to spend $47,040 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: 67/24/9 Blend
52$2,270,000$2,270,000$2,270,000$2,270,000
53$2,506,537$2,386,227$2,351,042$2,669,699
54$2,712,153$2,453,101$2,379,751$2,845,596
55$2,937,166$2,521,677$2,407,846$3,031,741
56$3,183,504$2,591,986$2,435,256$3,234,008
57$3,453,291$2,664,063$2,461,907$3,453,967
58$3,748,866$2,737,941$2,487,720$3,693,346
59$4,072,804$2,813,654$2,512,613$3,954,048
60$4,427,944$2,891,237$2,536,499$4,238,169
61$4,817,408$2,970,722$2,559,286$4,548,015
62$5,244,639$3,052,143$2,580,877$4,886,126
63$5,713,428$3,135,532$2,601,171$5,255,301
64$6,227,948$3,220,924$2,620,061$5,658,620
65$6,792,799$3,308,350$2,637,434$6,099,478
66$7,413,048$3,397,843$2,653,172$6,581,611
67$8,094,275$3,489,433$2,667,149$7,109,137
68$8,842,627$3,583,152$2,679,235$7,686,591
69$9,664,878$3,679,029$2,689,291$8,318,967
70$10,568,488$3,777,093$2,697,175$9,011,769
71$11,561,676$3,877,373$2,702,733$9,771,058
72$12,653,498$3,979,896$2,705,806$10,603,513
73$13,853,931$4,084,687$2,706,226$11,516,491
74$15,173,967$4,191,771$2,703,819$12,518,098
75$16,625,714$4,301,170$2,698,400$13,617,263
76$18,222,515$4,412,906$2,689,775$14,823,825
77$19,979,071$4,526,998$2,677,742$16,148,624
78$21,911,578$4,643,463$2,662,088$17,603,604
79$24,037,883$4,762,316$2,642,591$19,201,924
80$26,377,647$4,883,569$2,619,018$20,958,084
81$28,952,535$5,007,233$2,591,124$22,888,060
82$31,786,420$5,133,314$2,558,653$25,009,455
83$34,905,605$5,261,816$2,521,337$27,341,667
84$38,339,070$5,392,738$2,478,896$29,906,067
85$42,118,752$5,526,079$2,431,035$32,726,207
86$46,279,837$5,661,830$2,377,448$35,828,038
87$50,861,100$5,799,979$2,317,811$39,240,155
88$55,905,264$5,940,510$2,251,790$42,994,067
89$61,459,408$6,083,401$2,179,032$47,124,496
90$67,575,406$6,228,627$2,099,168$51,669,703
91$74,310,421$6,376,153$2,011,813$56,671,850
92$81,727,440$6,525,941$1,916,566$62,177,396
93$89,895,872$6,677,945$1,813,004$68,237,538
94$98,892,200$6,832,113$1,700,688$74,908,692
95$108,800,702$6,988,384$1,579,159$82,253,027
96$119,714,248$7,146,689$1,447,935$90,339,052
97$131,735,176$7,306,952$1,306,516$99,242,259
98$144,976,256$7,469,085$1,154,376$109,045,843
99$159,561,755$7,632,991$990,969$119,841,479
100$175,628,609$7,798,563$815,722$131,730,193