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

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 $2,290,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$189,106$187,422$185,778$184,174$182,608$178,556
2 years$93,617$91,873$90,184$88,545$86,956$82,895
3 years$61,791$60,040$58,355$56,732$55,169$51,225
4 years$45,882$44,136$42,467$40,872$39,347$35,551
5 years$36,338$34,603$32,956$31,394$29,911$26,274
6 years$29,978$28,256$26,634$25,106$23,667$20,193
7 years$25,437$23,729$22,133$20,641$19,248$15,936
8 years$22,033$20,340$18,770$17,315$15,968$12,818
9 years$19,386$17,710$16,167$14,749$13,447$10,457
10 years$17,270$15,611$14,095$12,713$11,458$8,624
11 years$15,540$13,897$12,409$11,065$9,854$7,173
12 years$14,100$12,473$11,012$9,705$8,539$6,007
13 years$12,882$11,272$9,839$8,568$7,446$5,058
14 years$11,838$10,246$8,840$7,606$6,528$4,278
15 years$10,935$9,360$7,982$6,783$5,747$3,631
16 years$10,146$8,588$7,236$6,073$5,080$3,092
17 years$9,450$7,909$6,585$5,457$4,504$2,640
18 years$8,832$7,308$6,011$4,918$4,005$2,259
19 years$8,279$6,773$5,503$4,444$3,569$1,936
20 years$7,783$6,294$5,050$4,025$3,188$1,662
21 years$7,334$5,863$4,645$3,653$2,853$1,429
22 years$6,927$5,472$4,281$3,321$2,557$1,230
23 years$6,556$5,118$3,953$3,025$2,296$1,059
24 years$6,216$4,796$3,656$2,759$2,063$913
25 years$5,904$4,500$3,386$2,519$1,857$788
26 years$5,616$4,230$3,140$2,303$1,673$680
27 years$5,350$3,981$2,916$2,108$1,508$587
28 years$5,104$3,751$2,711$1,932$1,361$508
29 years$4,875$3,539$2,523$1,771$1,229$439
30 years$4,661$3,342$2,350$1,626$1,110$379
31 years$4,462$3,159$2,191$1,493$1,004$328
32 years$4,276$2,989$2,044$1,372$908$284
33 years$4,101$2,831$1,908$1,262$822$246
34 years$3,937$2,683$1,783$1,161$744$213
35 years$3,783$2,545$1,667$1,069$674$184
36 years$3,637$2,415$1,560$984$610$159
37 years$3,500$2,294$1,460$907$553$138
38 years$3,370$2,180$1,367$836$502$119
39 years$3,247$2,073$1,281$771$455$103
40 years$3,131$1,972$1,200$711$413$90
41 years$3,020$1,877$1,126$656$374$78
42 years$2,916$1,788$1,056$605$340$67
43 years$2,816$1,704$991$559$308$58
44 years$2,721$1,624$930$516$280$50
45 years$2,630$1,549$873$477$254$44
46 years$2,544$1,477$820$440$231$38
47 years$2,462$1,410$771$407$209$33
48 years$2,383$1,346$724$376$190$28
49 years$2,308$1,285$681$347$173$25
50 years$2,236$1,228$640$321$157$21

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 $6,998 every year, while hoping to spend $33,800 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: 65/7/28 Blend
52$2,290,000$2,290,000$2,290,000$2,290,000
53$2,530,798$2,409,428$2,373,933$2,676,133
54$2,752,977$2,491,527$2,417,497$2,857,331
55$2,996,685$2,576,517$2,461,388$3,050,930
56$3,264,082$2,664,502$2,505,580$3,261,808
57$3,557,549$2,755,593$2,550,047$3,491,671
58$3,879,706$2,849,904$2,594,761$3,742,395
59$4,233,441$2,947,554$2,639,690$4,016,048
60$4,621,934$3,048,666$2,684,801$4,314,909
61$5,048,688$3,153,367$2,730,059$4,641,487
62$5,517,564$3,261,792$2,775,426$4,998,544
63$6,032,814$3,374,078$2,820,861$5,389,125
64$6,599,121$3,490,368$2,866,320$5,816,583
65$7,221,647$3,610,812$2,911,757$6,284,614
66$7,906,077$3,735,564$2,957,123$6,797,286
67$8,658,675$3,864,785$3,002,366$7,359,083
68$9,486,344$3,998,642$3,047,428$7,974,945
69$10,396,685$4,137,310$3,092,251$8,650,314
70$11,398,077$4,280,969$3,136,772$9,391,187
71$12,499,751$4,429,806$3,180,924$10,204,169
72$13,711,876$4,584,018$3,224,636$11,096,539
73$15,045,659$4,743,805$3,267,832$12,076,317
74$16,513,445$4,909,380$3,310,433$13,152,339
75$18,128,838$5,080,962$3,352,355$14,334,343
76$19,906,829$5,258,779$3,393,508$15,633,056
77$21,863,934$5,443,067$3,433,799$17,060,299
78$24,018,351$5,634,074$3,473,127$18,629,098
79$26,390,135$5,832,055$3,511,389$20,353,805
80$29,001,381$6,037,278$3,548,472$22,250,235
81$31,876,436$6,250,019$3,584,261$24,335,816
82$35,042,130$6,470,567$3,618,631$26,629,751
83$38,528,025$6,699,223$3,651,453$29,153,199
84$42,366,697$6,936,298$3,682,590$31,929,479
85$46,594,041$7,182,118$3,711,897$34,984,284
86$51,249,611$7,437,019$3,739,224$38,345,929
87$56,376,993$7,701,355$3,764,409$42,045,612
88$62,024,215$7,975,491$3,787,286$46,117,717
89$68,244,203$8,259,807$3,807,678$50,600,130
90$75,095,275$8,554,701$3,825,398$55,534,600
91$82,641,696$8,860,585$3,840,253$60,967,135
92$90,954,284$9,177,888$3,852,036$66,948,433
93$100,111,074$9,507,058$3,860,532$73,534,363
94$110,198,060$9,848,560$3,865,516$80,786,490
95$121,310,001$10,202,878$3,866,750$88,772,658
96$133,551,321$10,570,519$3,863,985$97,567,630
97$147,037,087$10,952,006$3,856,960$107,253,794
98$161,894,103$11,347,887$3,845,401$117,921,939
99$178,262,100$11,758,732$3,829,021$129,672,115
100$196,295,059$12,185,134$3,807,518$142,614,573