Can I retire at age 53 with 2,290,000?

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 $2,290,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$189,106$187,422$185,778$184,174$182,608$175,779
2 years$93,617$91,873$90,184$88,545$86,956$80,155
3 years$61,791$60,040$58,355$56,732$55,169$48,608
4 years$45,882$44,136$42,467$40,872$39,347$33,077
5 years$36,338$34,603$32,956$31,394$29,911$23,949
6 years$29,978$28,256$26,634$25,106$23,667$18,017
7 years$25,437$23,729$22,133$20,641$19,248$13,907
8 years$22,033$20,340$18,770$17,315$15,968$10,932
9 years$19,386$17,710$16,167$14,749$13,447$8,710
10 years$17,270$15,611$14,095$12,713$11,458$7,010
11 years$15,540$13,897$12,409$11,065$9,854$5,686
12 years$14,100$12,473$11,012$9,705$8,539$4,640
13 years$12,882$11,272$9,839$8,568$7,446$3,805
14 years$11,838$10,246$8,840$7,606$6,528$3,133
15 years$10,935$9,360$7,982$6,783$5,747$2,587
16 years$10,146$8,588$7,236$6,073$5,080$2,142
17 years$9,450$7,909$6,585$5,457$4,504$1,778
18 years$8,832$7,308$6,011$4,918$4,005$1,477
19 years$8,279$6,773$5,503$4,444$3,569$1,230
20 years$7,783$6,294$5,050$4,025$3,188$1,025
21 years$7,334$5,863$4,645$3,653$2,853$855
22 years$6,927$5,472$4,281$3,321$2,557$714
23 years$6,556$5,118$3,953$3,025$2,296$596
24 years$6,216$4,796$3,656$2,759$2,063$498
25 years$5,904$4,500$3,386$2,519$1,857$417
26 years$5,616$4,230$3,140$2,303$1,673$349
27 years$5,350$3,981$2,916$2,108$1,508$292
28 years$5,104$3,751$2,711$1,932$1,361$244
29 years$4,875$3,539$2,523$1,771$1,229$204
30 years$4,661$3,342$2,350$1,626$1,110$171
31 years$4,462$3,159$2,191$1,493$1,004$143
32 years$4,276$2,989$2,044$1,372$908$120
33 years$4,101$2,831$1,908$1,262$822$101
34 years$3,937$2,683$1,783$1,161$744$84
35 years$3,783$2,545$1,667$1,069$674$71
36 years$3,637$2,415$1,560$984$610$59
37 years$3,500$2,294$1,460$907$553$50
38 years$3,370$2,180$1,367$836$502$42
39 years$3,247$2,073$1,281$771$455$35
40 years$3,131$1,972$1,200$711$413$29
41 years$3,020$1,877$1,126$656$374$24
42 years$2,916$1,788$1,056$605$340$21
43 years$2,816$1,704$991$559$308$17
44 years$2,721$1,624$930$516$280$14
45 years$2,630$1,549$873$477$254$12
46 years$2,544$1,477$820$440$231$10
47 years$2,462$1,410$771$407$209$8
48 years$2,383$1,346$724$376$190$7
49 years$2,308$1,285$681$347$173$6
50 years$2,236$1,228$640$321$157$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,290,000, adding $5,631 every year, while hoping to spend $52,601 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: 43/44/13 Blend
52$2,290,000$2,290,000$2,290,000$2,290,000
53$2,529,388$2,408,018$2,372,523$2,628,376
54$2,731,419$2,470,044$2,396,036$2,760,208
55$2,952,294$2,533,346$2,418,573$2,897,241
56$3,193,879$2,597,932$2,440,047$3,044,540
57$3,458,230$2,663,806$2,460,364$3,203,072
58$3,747,611$2,730,974$2,479,427$3,373,895
59$4,064,512$2,799,436$2,497,133$3,558,180
60$4,411,679$2,869,195$2,513,373$3,757,212
61$4,792,133$2,940,248$2,528,034$3,972,407
62$5,209,203$3,012,593$2,540,996$4,205,325
63$5,666,554$3,086,223$2,552,132$4,457,685
64$6,168,225$3,161,130$2,561,311$4,731,376
65$6,718,663$3,237,304$2,568,393$5,028,485
66$7,322,765$3,314,731$2,573,233$5,351,305
67$7,985,928$3,393,393$2,575,677$5,702,366
68$8,714,095$3,473,272$2,575,564$6,084,453
69$9,513,813$3,554,343$2,572,727$6,500,635
70$10,392,296$3,636,579$2,566,987$6,954,295
71$11,357,488$3,719,950$2,558,159$7,449,157
72$12,418,143$3,804,418$2,546,048$7,989,327
73$13,583,903$3,889,945$2,530,451$8,579,330
74$14,865,394$3,976,484$2,511,153$9,224,149
75$16,274,318$4,063,986$2,487,930$9,929,277
76$17,823,570$4,152,394$2,460,548$10,700,769
77$19,527,359$4,241,645$2,428,761$11,545,294
78$21,401,337$4,331,673$2,392,312$12,470,204
79$23,462,749$4,422,401$2,350,930$13,483,600
80$25,730,597$4,513,746$2,304,334$14,594,410
81$28,225,816$4,605,618$2,252,228$15,812,475
82$30,971,476$4,697,920$2,194,303$17,148,637
83$33,992,991$4,790,543$2,130,237$18,614,849
84$37,318,367$4,883,370$2,059,691$20,224,282
85$40,978,462$4,976,277$1,982,312$21,991,451
86$45,007,275$5,069,124$1,897,730$23,932,357
87$49,442,271$5,161,765$1,805,558$26,064,632
88$54,324,731$5,254,040$1,705,392$28,407,709
89$59,700,141$5,345,775$1,596,810$30,983,006
90$65,618,622$5,436,785$1,479,370$33,814,131
91$72,135,405$5,526,871$1,352,612$36,927,098
92$79,311,345$5,615,817$1,216,054$40,350,583
93$87,213,503$5,703,392$1,069,192$44,116,189
94$95,915,771$5,789,349$911,500$48,258,746
95$105,499,574$5,873,422$742,431$52,816,642
96$116,054,639$5,955,327$561,410$57,832,186
97$127,679,834$6,034,760$367,839$63,352,010
98$140,484,109$6,111,396$161,094$69,427,505
99$154,587,520$6,184,886$0$76,115,314
100$170,122,360$6,254,858$0$83,486,121