Can I retire at age 53 with 2,280,000?

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 $2,280,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$188,280$186,603$184,967$183,370$181,810$175,991
2 years$93,208$91,472$89,790$88,159$86,576$80,767
3 years$61,521$59,778$58,100$56,484$54,928$49,310
4 years$45,681$43,943$42,282$40,694$39,175$33,793
5 years$36,180$34,452$32,812$31,257$29,780$24,648
6 years$29,847$28,133$26,517$24,996$23,564$18,686
7 years$25,326$23,626$22,036$20,551$19,164$14,540
8 years$21,936$20,252$18,688$17,239$15,898$11,525
9 years$19,302$17,633$16,096$14,684$13,389$9,261
10 years$17,195$15,542$14,033$12,658$11,408$7,519
11 years$15,472$13,836$12,354$11,016$9,811$6,154
12 years$14,038$12,419$10,964$9,663$8,502$5,070
13 years$12,825$11,223$9,796$8,531$7,414$4,197
14 years$11,787$10,201$8,802$7,573$6,499$3,490
15 years$10,887$9,319$7,947$6,753$5,722$2,911
16 years$10,101$8,550$7,205$6,047$5,057$2,435
17 years$9,408$7,874$6,556$5,433$4,484$2,041
18 years$8,793$7,276$5,985$4,896$3,987$1,714
19 years$8,243$6,744$5,479$4,424$3,554$1,442
20 years$7,749$6,266$5,028$4,007$3,174$1,215
21 years$7,302$5,837$4,625$3,637$2,841$1,024
22 years$6,897$5,449$4,263$3,307$2,546$865
23 years$6,527$5,096$3,936$3,011$2,286$730
24 years$6,189$4,775$3,640$2,747$2,054$617
25 years$5,878$4,481$3,371$2,508$1,849$522
26 years$5,592$4,211$3,127$2,293$1,665$442
27 years$5,327$3,963$2,903$2,099$1,501$374
28 years$5,082$3,734$2,699$1,923$1,355$316
29 years$4,854$3,523$2,512$1,764$1,223$268
30 years$4,641$3,327$2,340$1,619$1,105$227
31 years$4,443$3,145$2,181$1,487$999$192
32 years$4,257$2,976$2,035$1,366$904$163
33 years$4,083$2,818$1,900$1,256$818$138
34 years$3,920$2,671$1,775$1,156$741$117
35 years$3,766$2,534$1,660$1,064$671$99
36 years$3,621$2,405$1,553$980$608$84
37 years$3,484$2,284$1,453$903$551$71
38 years$3,355$2,171$1,361$832$499$60
39 years$3,233$2,064$1,275$767$453$51
40 years$3,117$1,964$1,195$708$411$43
41 years$3,007$1,869$1,121$653$373$37
42 years$2,903$1,780$1,051$603$338$31
43 years$2,803$1,696$986$556$307$27
44 years$2,709$1,617$926$514$279$22
45 years$2,619$1,542$869$474$253$19
46 years$2,533$1,471$817$438$230$16
47 years$2,451$1,404$767$405$209$14
48 years$2,373$1,340$721$374$189$12
49 years$2,298$1,280$678$346$172$10
50 years$2,226$1,222$637$320$156$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,280,000, adding $2,440 every year, while hoping to spend $45,698 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: 60/15/25 Blend
52$2,280,000$2,280,000$2,280,000$2,280,000
53$2,515,077$2,394,237$2,358,897$2,648,988
54$2,722,992$2,462,932$2,389,298$2,809,060
55$2,950,584$2,533,462$2,419,185$2,978,481
56$3,199,809$2,605,868$2,448,494$3,162,357
57$3,472,827$2,680,192$2,477,155$3,362,101
58$3,772,011$2,756,477$2,505,096$3,579,273
59$4,099,977$2,834,766$2,532,238$3,815,590
60$4,459,608$2,915,103$2,558,501$4,072,943
61$4,854,077$2,997,531$2,583,800$4,353,414
62$5,286,878$3,082,096$2,608,042$4,659,298
63$5,761,862$3,168,841$2,631,134$4,993,124
64$6,283,270$3,257,812$2,652,975$5,357,678
65$6,855,773$3,349,054$2,673,459$5,756,027
66$7,484,517$3,442,613$2,692,475$6,191,552
67$8,175,170$3,538,534$2,709,905$6,667,980
68$8,933,978$3,636,862$2,725,628$7,189,415
69$9,767,820$3,737,645$2,739,513$7,760,379
70$10,684,275$3,840,927$2,751,424$8,385,855
71$11,691,693$3,946,754$2,761,218$9,071,336
72$12,799,273$4,055,172$2,768,746$9,822,872
73$14,017,149$4,166,225$2,773,849$10,647,130
74$15,356,487$4,279,960$2,776,362$11,551,458
75$16,829,590$4,396,419$2,776,112$12,543,953
76$18,450,012$4,515,647$2,772,915$13,633,537
77$20,232,686$4,637,687$2,766,581$14,830,041
78$22,194,068$4,762,582$2,756,909$16,144,300
79$24,352,287$4,890,372$2,743,689$17,588,254
80$26,727,318$5,021,098$2,726,701$19,175,061
81$29,341,172$5,154,800$2,705,713$20,919,220
82$32,218,101$5,291,514$2,680,484$22,836,711
83$35,384,826$5,431,277$2,650,759$24,945,143
84$38,870,793$5,574,124$2,616,274$27,263,920
85$42,708,444$5,720,087$2,576,750$29,814,429
86$46,933,531$5,869,196$2,531,896$32,620,238
87$51,585,444$6,021,480$2,481,408$35,707,318
88$56,707,590$6,176,963$2,424,965$39,104,291
89$62,347,799$6,335,669$2,362,236$42,842,699
90$68,558,774$6,497,616$2,292,871$46,957,305
91$75,398,590$6,662,821$2,216,503$51,486,415
92$82,931,243$6,831,296$2,132,753$56,472,247
93$91,227,249$7,003,049$2,041,220$61,961,324
94$100,364,314$7,178,084$1,941,486$68,004,920
95$110,428,064$7,356,400$1,833,116$74,659,536
96$121,512,854$7,537,991$1,715,653$81,987,444
97$133,722,658$7,722,846$1,588,620$90,057,264
98$147,172,051$7,910,946$1,451,520$98,944,624
99$161,987,286$8,102,269$1,303,832$108,732,865
100$178,307,491$8,296,782$1,145,013$119,513,832