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

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 $2,280,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$188,280$186,603$184,967$183,370$181,810$174,735
2 years$93,208$91,472$89,790$88,159$86,576$79,533
3 years$61,521$59,778$58,100$56,484$54,928$48,139
4 years$45,681$43,943$42,282$40,694$39,175$32,692
5 years$36,180$34,452$32,812$31,257$29,780$23,620
6 years$29,847$28,133$26,517$24,996$23,564$17,730
7 years$25,326$23,626$22,036$20,551$19,164$13,655
8 years$21,936$20,252$18,688$17,239$15,898$10,708
9 years$19,302$17,633$16,096$14,684$13,389$8,510
10 years$17,195$15,542$14,033$12,658$11,408$6,832
11 years$15,472$13,836$12,354$11,016$9,811$5,527
12 years$14,038$12,419$10,964$9,663$8,502$4,498
13 years$12,825$11,223$9,796$8,531$7,414$3,679
14 years$11,787$10,201$8,802$7,573$6,499$3,020
15 years$10,887$9,319$7,947$6,753$5,722$2,487
16 years$10,101$8,550$7,205$6,047$5,057$2,054
17 years$9,408$7,874$6,556$5,433$4,484$1,699
18 years$8,793$7,276$5,985$4,896$3,987$1,408
19 years$8,243$6,744$5,479$4,424$3,554$1,168
20 years$7,749$6,266$5,028$4,007$3,174$971
21 years$7,302$5,837$4,625$3,637$2,841$807
22 years$6,897$5,449$4,263$3,307$2,546$672
23 years$6,527$5,096$3,936$3,011$2,286$559
24 years$6,189$4,775$3,640$2,747$2,054$466
25 years$5,878$4,481$3,371$2,508$1,849$388
26 years$5,592$4,211$3,127$2,293$1,665$324
27 years$5,327$3,963$2,903$2,099$1,501$270
28 years$5,082$3,734$2,699$1,923$1,355$225
29 years$4,854$3,523$2,512$1,764$1,223$188
30 years$4,641$3,327$2,340$1,619$1,105$157
31 years$4,443$3,145$2,181$1,487$999$131
32 years$4,257$2,976$2,035$1,366$904$109
33 years$4,083$2,818$1,900$1,256$818$91
34 years$3,920$2,671$1,775$1,156$741$76
35 years$3,766$2,534$1,660$1,064$671$64
36 years$3,621$2,405$1,553$980$608$53
37 years$3,484$2,284$1,453$903$551$44
38 years$3,355$2,171$1,361$832$499$37
39 years$3,233$2,064$1,275$767$453$31
40 years$3,117$1,964$1,195$708$411$26
41 years$3,007$1,869$1,121$653$373$22
42 years$2,903$1,780$1,051$603$338$18
43 years$2,803$1,696$986$556$307$15
44 years$2,709$1,617$926$514$279$13
45 years$2,619$1,542$869$474$253$11
46 years$2,533$1,471$817$438$230$9
47 years$2,451$1,404$767$405$209$7
48 years$2,373$1,340$721$374$189$6
49 years$2,298$1,280$678$346$172$5
50 years$2,226$1,222$637$320$156$4

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 $3,835 every year, while hoping to spend $42,295 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: 48/47/5 Blend
52$2,280,000$2,280,000$2,280,000$2,280,000
53$2,516,516$2,395,676$2,360,336$2,633,955
54$2,728,199$2,468,062$2,394,405$2,786,983
55$2,960,056$2,542,578$2,428,199$2,948,215
56$3,214,100$2,619,283$2,461,662$3,122,249
57$3,492,549$2,698,239$2,494,738$3,310,285
58$3,797,844$2,779,507$2,527,367$3,513,642
59$4,132,674$2,863,153$2,559,484$3,733,772
60$4,500,001$2,949,242$2,591,021$3,972,269
61$4,903,088$3,037,842$2,621,907$4,230,891
62$5,345,529$3,129,022$2,652,067$4,511,567
63$5,831,282$3,222,853$2,681,420$4,816,423
64$6,364,708$3,319,408$2,709,883$5,147,797
65$6,950,610$3,418,761$2,737,366$5,508,263
66$7,594,281$3,520,989$2,763,776$5,900,652
67$8,301,549$3,626,169$2,789,014$6,328,081
68$9,078,837$3,734,381$2,812,976$6,793,982
69$9,933,220$3,845,707$2,835,553$7,302,131
70$10,872,493$3,960,232$2,856,628$7,856,688
71$11,905,244$4,078,039$2,876,082$8,462,232
72$13,040,933$4,199,218$2,893,785$9,123,802
73$14,289,986$4,323,856$2,909,604$9,846,952
74$15,663,886$4,452,047$2,923,397$10,637,793
75$17,175,289$4,583,884$2,935,017$11,503,058
76$18,838,135$4,719,461$2,944,307$12,450,162
77$20,667,787$4,858,877$2,951,104$13,487,269
78$22,681,171$5,002,232$2,955,236$14,623,373
79$24,896,937$5,149,627$2,956,522$15,868,380
80$27,335,632$5,301,166$2,954,773$17,233,203
81$30,019,899$5,456,956$2,949,791$18,729,858
82$32,974,686$5,617,105$2,941,366$20,371,586
83$36,227,484$5,781,722$2,929,282$22,172,972
84$39,808,582$5,950,922$2,913,308$24,150,081
85$43,751,359$6,124,818$2,893,204$26,320,614
86$48,092,590$6,303,527$2,868,720$28,704,069
87$52,872,804$6,487,169$2,839,591$31,321,928
88$58,136,654$6,675,864$2,805,541$34,197,858
89$63,933,347$6,869,736$2,766,282$37,357,933
90$70,317,107$7,068,911$2,721,510$40,830,881
91$77,347,680$7,273,517$2,670,909$44,648,354
92$85,090,906$7,483,681$2,614,147$48,845,224
93$93,619,335$7,699,538$2,550,878$53,459,915
94$103,012,911$7,921,220$2,480,737$58,534,763
95$113,359,732$8,148,863$2,403,345$64,116,413
96$124,756,872$8,382,605$2,318,304$70,256,265
97$137,311,306$8,622,586$2,225,200$77,010,948
98$151,140,912$8,868,946$2,123,598$84,442,866
99$166,375,591$9,121,829$2,013,044$92,620,776
100$183,158,482$9,381,380$1,893,062$101,620,443