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%19.9%
1 years$189,932$188,240$186,589$184,978$183,405$176,128
2 years$94,026$92,275$90,577$88,932$87,336$80,095
3 years$62,061$60,302$58,610$56,980$55,409$48,432
4 years$46,082$44,329$42,653$41,051$39,518$32,858
5 years$36,497$34,754$33,100$31,531$30,041$23,715
6 years$30,109$28,379$26,750$25,215$23,771$17,782
7 years$25,548$23,833$22,229$20,731$19,332$13,679
8 years$22,129$20,429$18,852$17,391$16,038$10,714
9 years$19,471$17,787$16,237$14,813$13,506$8,505
10 years$17,346$15,679$14,156$12,769$11,508$6,819
11 years$15,608$13,958$12,463$11,113$9,897$5,509
12 years$14,161$12,528$11,060$9,747$8,577$4,478
13 years$12,938$11,321$9,882$8,606$7,479$3,657
14 years$11,890$10,291$8,879$7,639$6,556$2,998
15 years$10,983$9,401$8,016$6,813$5,772$2,466
16 years$10,190$8,625$7,268$6,100$5,102$2,033
17 years$9,491$7,943$6,614$5,481$4,524$1,679
18 years$8,870$7,340$6,037$4,939$4,022$1,389
19 years$8,316$6,803$5,527$4,463$3,585$1,151
20 years$7,817$6,321$5,072$4,042$3,202$955
21 years$7,366$5,888$4,666$3,669$2,866$793
22 years$6,957$5,496$4,300$3,336$2,569$659
23 years$6,585$5,141$3,970$3,038$2,306$548
24 years$6,243$4,816$3,672$2,771$2,072$456
25 years$5,930$4,520$3,401$2,530$1,865$379
26 years$5,641$4,248$3,154$2,314$1,680$316
27 years$5,374$3,998$2,929$2,118$1,514$263
28 years$5,126$3,767$2,723$1,940$1,367$219
29 years$4,896$3,554$2,534$1,779$1,234$182
30 years$4,682$3,356$2,360$1,633$1,115$152
31 years$4,482$3,173$2,200$1,500$1,008$127
32 years$4,294$3,002$2,053$1,378$912$106
33 years$4,119$2,843$1,917$1,267$825$88
34 years$3,954$2,695$1,791$1,166$747$73
35 years$3,799$2,556$1,674$1,073$677$61
36 years$3,653$2,426$1,566$989$613$51
37 years$3,515$2,304$1,466$911$556$43
38 years$3,385$2,190$1,373$840$504$35
39 years$3,261$2,082$1,286$774$457$30
40 years$3,144$1,981$1,206$714$414$25
41 years$3,034$1,886$1,131$659$376$21
42 years$2,928$1,796$1,060$608$341$17
43 years$2,828$1,711$995$561$310$14
44 years$2,733$1,631$934$518$281$12
45 years$2,642$1,555$877$479$255$10
46 years$2,555$1,484$824$442$232$8
47 years$2,473$1,416$774$408$210$7
48 years$2,393$1,352$727$377$191$6
49 years$2,318$1,291$684$349$173$5
50 years$2,246$1,233$643$322$158$4

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 $3,012 every year, while hoping to spend $24,323 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: 83/11/6 Blend
52$2,300,000$2,300,000$2,300,000$2,300,000
53$2,537,707$2,415,807$2,380,157$2,747,206
54$2,770,673$2,508,302$2,434,013$2,976,973
55$3,026,588$2,604,514$2,488,857$3,225,625
56$3,307,764$2,704,600$2,544,699$3,497,895
57$3,616,753$2,808,722$2,601,543$3,796,134
58$3,956,364$2,917,052$2,659,397$4,122,933
59$4,329,693$3,029,767$2,718,266$4,481,143
60$4,740,149$3,147,053$2,778,156$4,873,906
61$5,191,490$3,269,104$2,839,070$5,304,681
62$5,687,854$3,396,123$2,901,011$5,777,277
63$6,233,803$3,528,321$2,963,983$6,295,890
64$6,834,362$3,665,919$3,027,987$6,865,142
65$7,495,065$3,809,148$3,093,023$7,490,123
66$8,222,014$3,958,248$3,159,091$8,176,441
67$9,021,929$4,113,472$3,226,190$8,930,272
68$9,902,215$4,275,081$3,294,317$9,758,420
69$10,871,031$4,443,351$3,363,467$10,668,378
70$11,937,369$4,618,568$3,433,636$11,668,404
71$13,111,135$4,801,031$3,504,817$12,767,591
72$14,403,243$4,991,054$3,577,001$13,975,961
73$15,825,722$5,188,964$3,650,178$15,304,551
74$17,391,824$5,395,101$3,724,337$16,765,522
75$19,116,152$5,609,824$3,799,465$18,372,272
76$21,014,799$5,833,504$3,875,546$20,139,560
77$23,105,494$6,066,532$3,952,563$22,083,649
78$25,407,777$6,309,315$4,030,497$24,222,456
79$27,943,177$6,562,278$4,109,325$26,575,720
80$30,735,417$6,825,866$4,189,023$29,165,191
81$33,810,640$7,100,543$4,269,566$32,014,832
82$37,197,653$7,386,797$4,350,924$35,151,046
83$40,928,198$7,685,135$4,433,064$38,602,924
84$45,037,254$7,996,087$4,515,952$42,402,519
85$49,563,368$8,320,209$4,599,550$46,585,148
86$54,549,013$8,658,080$4,683,817$51,189,727
87$60,040,994$9,010,308$4,768,707$56,259,133
88$66,090,889$9,377,527$4,854,172$61,840,612
89$72,755,534$9,760,399$4,940,160$67,986,222
90$80,097,558$10,159,619$5,026,615$74,753,327
91$88,185,979$10,575,910$5,113,477$82,205,134
92$97,096,850$11,010,032$5,200,680$90,411,289
93$106,913,982$11,462,776$5,288,156$99,448,537
94$117,729,728$11,934,972$5,375,829$109,401,442
95$129,645,862$12,427,487$5,463,621$120,363,188
96$142,774,534$12,941,229$5,551,447$132,436,454
97$157,239,332$13,477,144$5,639,216$145,734,384
98$173,176,446$14,036,226$5,726,831$160,381,654
99$190,735,954$14,619,512$5,814,191$176,515,650
100$210,083,241$15,228,087$5,901,186$194,287,761