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%15.2%
1 years$189,106$187,422$185,778$184,174$182,608$178,702
2 years$93,617$91,873$90,184$88,545$86,956$83,040
3 years$61,791$60,040$58,355$56,732$55,169$51,364
4 years$45,882$44,136$42,467$40,872$39,347$35,684
5 years$36,338$34,603$32,956$31,394$29,911$26,400
6 years$29,978$28,256$26,634$25,106$23,667$20,312
7 years$25,437$23,729$22,133$20,641$19,248$16,048
8 years$22,033$20,340$18,770$17,315$15,968$12,923
9 years$19,386$17,710$16,167$14,749$13,447$10,555
10 years$17,270$15,611$14,095$12,713$11,458$8,716
11 years$15,540$13,897$12,409$11,065$9,854$7,259
12 years$14,100$12,473$11,012$9,705$8,539$6,086
13 years$12,882$11,272$9,839$8,568$7,446$5,131
14 years$11,838$10,246$8,840$7,606$6,528$4,346
15 years$10,935$9,360$7,982$6,783$5,747$3,695
16 years$10,146$8,588$7,236$6,073$5,080$3,151
17 years$9,450$7,909$6,585$5,457$4,504$2,694
18 years$8,832$7,308$6,011$4,918$4,005$2,308
19 years$8,279$6,773$5,503$4,444$3,569$1,981
20 years$7,783$6,294$5,050$4,025$3,188$1,703
21 years$7,334$5,863$4,645$3,653$2,853$1,467
22 years$6,927$5,472$4,281$3,321$2,557$1,264
23 years$6,556$5,118$3,953$3,025$2,296$1,091
24 years$6,216$4,796$3,656$2,759$2,063$942
25 years$5,904$4,500$3,386$2,519$1,857$814
26 years$5,616$4,230$3,140$2,303$1,673$704
27 years$5,350$3,981$2,916$2,108$1,508$609
28 years$5,104$3,751$2,711$1,932$1,361$527
29 years$4,875$3,539$2,523$1,771$1,229$456
30 years$4,661$3,342$2,350$1,626$1,110$395
31 years$4,462$3,159$2,191$1,493$1,004$342
32 years$4,276$2,989$2,044$1,372$908$297
33 years$4,101$2,831$1,908$1,262$822$257
34 years$3,937$2,683$1,783$1,161$744$223
35 years$3,783$2,545$1,667$1,069$674$193
36 years$3,637$2,415$1,560$984$610$168
37 years$3,500$2,294$1,460$907$553$145
38 years$3,370$2,180$1,367$836$502$126
39 years$3,247$2,073$1,281$771$455$109
40 years$3,131$1,972$1,200$711$413$95
41 years$3,020$1,877$1,126$656$374$82
42 years$2,916$1,788$1,056$605$340$71
43 years$2,816$1,704$991$559$308$62
44 years$2,721$1,624$930$516$280$54
45 years$2,630$1,549$873$477$254$47
46 years$2,544$1,477$820$440$231$41
47 years$2,462$1,410$771$407$209$35
48 years$2,383$1,346$724$376$190$31
49 years$2,308$1,285$681$347$173$26
50 years$2,236$1,228$640$321$157$23

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 $3,704 every year, while hoping to spend $50,021 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: 57/20/23 Blend
52$2,290,000$2,290,000$2,290,000$2,290,000
53$2,527,401$2,406,031$2,370,536$2,655,546
54$2,731,974$2,470,704$2,396,727$2,808,156
55$2,955,736$2,536,870$2,422,119$2,968,754
56$3,200,594$2,604,549$2,446,632$3,142,716
57$3,468,643$2,673,761$2,470,182$3,331,342
58$3,762,193$2,744,523$2,492,682$3,536,066
59$4,083,787$2,816,856$2,514,037$3,758,467
60$4,436,226$2,890,774$2,534,151$4,000,285
61$4,822,595$2,966,296$2,552,918$4,263,437
62$5,246,290$3,043,435$2,570,231$4,550,034
63$5,711,054$3,122,205$2,585,976$4,862,402
64$6,221,007$3,202,619$2,600,032$5,203,103
65$6,780,689$3,284,687$2,612,273$5,574,962
66$7,395,101$3,368,418$2,622,565$5,981,091
67$8,069,750$3,453,819$2,630,770$6,424,917
68$8,810,705$3,540,897$2,636,741$6,910,218
69$9,624,649$3,629,652$2,640,324$7,441,157
70$10,518,945$3,720,088$2,641,357$8,022,321
71$11,501,707$3,812,201$2,639,672$8,658,766
72$12,581,869$3,905,987$2,635,089$9,356,061
73$13,769,278$4,001,439$2,627,423$10,120,346
74$15,074,781$4,098,546$2,616,478$10,958,384
75$16,510,328$4,197,294$2,602,049$11,877,632
76$18,089,085$4,297,665$2,583,921$12,886,304
77$19,825,558$4,399,637$2,561,869$13,993,455
78$21,735,730$4,503,185$2,535,657$15,209,063
79$23,837,211$4,608,277$2,505,038$16,544,124
80$26,149,403$4,714,879$2,469,753$18,010,757
81$28,693,683$4,822,949$2,429,531$19,622,317
82$31,493,606$4,932,441$2,384,088$21,393,524
83$34,575,127$5,043,303$2,333,127$23,340,598
84$37,966,841$5,155,477$2,276,339$25,481,416
85$41,700,260$5,268,896$2,213,397$27,835,681
86$45,810,102$5,383,488$2,143,961$30,425,105
87$50,334,626$5,499,172$2,067,677$33,273,619
88$55,315,985$5,615,859$1,984,172$36,407,594
89$60,800,631$5,733,451$1,893,057$39,856,096
90$66,839,747$5,851,841$1,793,926$43,651,156
91$73,489,732$5,970,913$1,686,354$47,828,076
92$80,812,734$6,090,537$1,569,896$52,425,761
93$88,877,235$6,210,575$1,444,089$57,487,087
94$97,758,695$6,330,875$1,308,448$63,059,309
95$107,540,267$6,451,274$1,162,467$69,194,503
96$118,313,581$6,571,593$1,005,616$75,950,064
97$130,179,605$6,691,639$837,343$83,389,241
98$143,249,602$6,811,207$657,071$91,581,744
99$157,646,176$6,930,071$464,197$100,604,395
100$173,504,432$7,047,990$258,094$110,541,860