Can I retire at age 53 with 2,300,000?

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 $2,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$189,932$188,240$186,589$184,978$183,405$176,757
2 years$94,026$92,275$90,577$88,932$87,336$80,711
3 years$62,061$60,302$58,610$56,980$55,409$49,016
4 years$46,082$44,329$42,653$41,051$39,518$33,406
5 years$36,497$34,754$33,100$31,531$30,041$24,225
6 years$30,109$28,379$26,750$25,215$23,771$18,254
7 years$25,548$23,833$22,229$20,731$19,332$14,115
8 years$22,129$20,429$18,852$17,391$16,038$11,115
9 years$19,471$17,787$16,237$14,813$13,506$8,872
10 years$17,346$15,679$14,156$12,769$11,508$7,154
11 years$15,608$13,958$12,463$11,113$9,897$5,814
12 years$14,161$12,528$11,060$9,747$8,577$4,754
13 years$12,938$11,321$9,882$8,606$7,479$3,907
14 years$11,890$10,291$8,879$7,639$6,556$3,223
15 years$10,983$9,401$8,016$6,813$5,772$2,668
16 years$10,190$8,625$7,268$6,100$5,102$2,214
17 years$9,491$7,943$6,614$5,481$4,524$1,841
18 years$8,870$7,340$6,037$4,939$4,022$1,533
19 years$8,316$6,803$5,527$4,463$3,585$1,279
20 years$7,817$6,321$5,072$4,042$3,202$1,069
21 years$7,366$5,888$4,666$3,669$2,866$893
22 years$6,957$5,496$4,300$3,336$2,569$748
23 years$6,585$5,141$3,970$3,038$2,306$626
24 years$6,243$4,816$3,672$2,771$2,072$524
25 years$5,930$4,520$3,401$2,530$1,865$440
26 years$5,641$4,248$3,154$2,314$1,680$369
27 years$5,374$3,998$2,929$2,118$1,514$309
28 years$5,126$3,767$2,723$1,940$1,367$260
29 years$4,896$3,554$2,534$1,779$1,234$218
30 years$4,682$3,356$2,360$1,633$1,115$183
31 years$4,482$3,173$2,200$1,500$1,008$154
32 years$4,294$3,002$2,053$1,378$912$129
33 years$4,119$2,843$1,917$1,267$825$108
34 years$3,954$2,695$1,791$1,166$747$91
35 years$3,799$2,556$1,674$1,073$677$76
36 years$3,653$2,426$1,566$989$613$64
37 years$3,515$2,304$1,466$911$556$54
38 years$3,385$2,190$1,373$840$504$45
39 years$3,261$2,082$1,286$774$457$38
40 years$3,144$1,981$1,206$714$414$32
41 years$3,034$1,886$1,131$659$376$27
42 years$2,928$1,796$1,060$608$341$23
43 years$2,828$1,711$995$561$310$19
44 years$2,733$1,631$934$518$281$16
45 years$2,642$1,555$877$479$255$13
46 years$2,555$1,484$824$442$232$11
47 years$2,473$1,416$774$408$210$9
48 years$2,393$1,352$727$377$191$8
49 years$2,318$1,291$684$349$173$7
50 years$2,246$1,233$643$322$158$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,300,000, adding $4,649 every year, while hoping to spend $25,309 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: 70/20/10 Blend
52$2,300,000$2,300,000$2,300,000$2,300,000
53$2,539,395$2,417,495$2,381,845$2,711,838
54$2,771,485$2,509,024$2,434,709$2,918,221
55$3,026,400$2,604,189$2,488,495$3,140,458
56$3,306,441$2,703,143$2,543,207$3,382,971
57$3,614,143$2,806,043$2,598,850$3,647,748
58$3,952,301$2,913,053$2,655,427$3,936,979
59$4,323,990$3,024,347$2,712,938$4,253,075
60$4,732,601$3,140,104$2,771,385$4,598,687
61$5,181,868$3,260,512$2,830,769$4,976,737
62$5,675,907$3,385,765$2,891,088$5,390,440
63$6,219,251$3,516,069$2,952,340$5,843,335
64$6,816,894$3,651,636$3,014,523$6,339,321
65$7,474,340$3,792,689$3,077,633$6,882,688
66$8,197,653$3,939,461$3,141,664$7,478,162
67$8,993,513$4,092,193$3,206,609$8,130,948
68$9,869,281$4,251,141$3,272,460$8,846,776
69$10,833,067$4,416,567$3,339,207$9,631,956
70$11,893,810$4,588,748$3,406,840$10,493,441
71$13,061,355$4,767,973$3,475,346$11,438,884
72$14,346,552$4,954,543$3,544,709$12,476,718
73$15,761,357$5,148,772$3,614,914$13,616,229
74$17,318,943$5,350,990$3,685,941$14,867,646
75$19,033,826$5,561,538$3,757,770$16,242,237
76$20,922,000$5,780,777$3,830,379$17,752,412
77$23,001,089$6,009,081$3,903,742$19,411,843
78$25,290,514$6,246,840$3,977,831$21,235,591
79$27,811,675$6,494,463$4,052,617$23,240,246
80$30,588,152$6,752,379$4,128,066$25,444,085
81$33,645,931$7,021,032$4,204,143$27,867,242
82$37,013,643$7,300,889$4,280,809$30,531,898
83$40,722,840$7,592,439$4,358,022$33,462,490
84$44,808,290$7,896,189$4,435,736$36,685,941
85$49,308,305$8,212,672$4,513,903$40,231,912
86$54,265,103$8,542,444$4,592,470$44,133,080
87$59,725,206$8,886,086$4,671,380$48,425,448
88$65,739,880$9,244,206$4,750,574$53,148,685
89$72,365,615$9,617,440$4,829,985$58,346,494
90$79,664,663$10,006,450$4,909,545$64,067,030
91$87,705,624$10,411,931$4,989,180$70,363,346
92$96,564,090$10,834,608$5,068,810$77,293,900
93$106,323,363$11,275,241$5,148,352$84,923,102
94$117,075,239$11,734,620$5,227,715$93,321,920
95$128,920,874$12,213,577$5,306,803$102,568,549
96$141,971,738$12,712,977$5,385,516$112,749,150
97$156,350,669$13,233,727$5,463,745$123,958,660
98$172,193,033$13,776,775$5,541,376$136,301,686
99$189,647,997$14,343,112$5,618,287$149,893,493
100$208,879,944$14,933,775$5,694,350$164,861,088