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

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 $2,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$189,932$188,240$186,589$184,978$183,405$178,393
2 years$94,026$92,275$90,577$88,932$87,336$82,322
3 years$62,061$60,302$58,610$56,980$55,409$50,552
4 years$46,082$44,329$42,653$41,051$39,518$34,855
5 years$36,497$34,754$33,100$31,531$30,041$25,584
6 years$30,109$28,379$26,750$25,215$23,771$19,523
7 years$25,548$23,833$22,229$20,731$19,332$15,295
8 years$22,129$20,429$18,852$17,391$16,038$12,209
9 years$19,471$17,787$16,237$14,813$13,506$9,883
10 years$17,346$15,679$14,156$12,769$11,508$8,085
11 years$15,608$13,958$12,463$11,113$9,897$6,669
12 years$14,161$12,528$11,060$9,747$8,577$5,537
13 years$12,938$11,321$9,882$8,606$7,479$4,622
14 years$11,890$10,291$8,879$7,639$6,556$3,874
15 years$10,983$9,401$8,016$6,813$5,772$3,259
16 years$10,190$8,625$7,268$6,100$5,102$2,750
17 years$9,491$7,943$6,614$5,481$4,524$2,326
18 years$8,870$7,340$6,037$4,939$4,022$1,971
19 years$8,316$6,803$5,527$4,463$3,585$1,673
20 years$7,817$6,321$5,072$4,042$3,202$1,422
21 years$7,366$5,888$4,666$3,669$2,866$1,210
22 years$6,957$5,496$4,300$3,336$2,569$1,031
23 years$6,585$5,141$3,970$3,038$2,306$879
24 years$6,243$4,816$3,672$2,771$2,072$750
25 years$5,930$4,520$3,401$2,530$1,865$641
26 years$5,641$4,248$3,154$2,314$1,680$547
27 years$5,374$3,998$2,929$2,118$1,514$468
28 years$5,126$3,767$2,723$1,940$1,367$400
29 years$4,896$3,554$2,534$1,779$1,234$342
30 years$4,682$3,356$2,360$1,633$1,115$293
31 years$4,482$3,173$2,200$1,500$1,008$250
32 years$4,294$3,002$2,053$1,378$912$214
33 years$4,119$2,843$1,917$1,267$825$183
34 years$3,954$2,695$1,791$1,166$747$157
35 years$3,799$2,556$1,674$1,073$677$134
36 years$3,653$2,426$1,566$989$613$115
37 years$3,515$2,304$1,466$911$556$99
38 years$3,385$2,190$1,373$840$504$84
39 years$3,261$2,082$1,286$774$457$72
40 years$3,144$1,981$1,206$714$414$62
41 years$3,034$1,886$1,131$659$376$53
42 years$2,928$1,796$1,060$608$341$45
43 years$2,828$1,711$995$561$310$39
44 years$2,733$1,631$934$518$281$33
45 years$2,642$1,555$877$479$255$29
46 years$2,555$1,484$824$442$232$25
47 years$2,473$1,416$774$408$210$21
48 years$2,393$1,352$727$377$191$18
49 years$2,318$1,291$684$349$173$15
50 years$2,246$1,233$643$322$158$13

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 $5,393 every year, while hoping to spend $53,204 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: 61/25/14 Blend
52$2,300,000$2,300,000$2,300,000$2,300,000
53$2,540,163$2,418,263$2,382,613$2,686,038
54$2,742,651$2,480,149$2,405,822$2,846,663
55$2,964,009$2,543,285$2,428,025$3,015,376
56$3,206,107$2,607,674$2,449,133$3,198,205
57$3,471,002$2,673,322$2,469,050$3,396,520
58$3,760,958$2,740,229$2,487,678$3,611,832
59$4,078,472$2,808,396$2,504,911$3,845,801
60$4,426,290$2,877,821$2,520,639$4,100,258
61$4,807,437$2,948,500$2,534,746$4,377,219
62$5,225,246$3,020,427$2,547,110$4,678,906
63$5,683,385$3,093,593$2,557,603$5,007,764
64$6,185,898$3,167,986$2,566,090$5,366,487
65$6,737,236$3,243,593$2,572,430$5,758,045
66$7,342,302$3,320,397$2,576,475$6,185,708
67$8,006,497$3,398,377$2,578,067$6,653,079
68$8,735,772$3,477,510$2,577,044$7,164,128
69$9,536,680$3,557,767$2,573,234$7,723,228
70$10,416,441$3,639,117$2,566,458$8,335,199
71$11,383,009$3,721,525$2,556,525$9,005,352
72$12,445,145$3,804,950$2,543,238$9,739,536
73$13,612,504$3,889,346$2,526,390$10,544,200
74$14,895,718$3,974,663$2,505,763$11,426,446
75$16,306,505$4,060,844$2,481,130$12,394,105
76$17,857,771$4,147,829$2,452,251$13,455,801
77$19,563,739$4,235,548$2,418,876$14,621,041
78$21,440,077$4,323,926$2,380,745$15,900,301
79$23,504,047$4,412,881$2,337,582$17,305,123
80$25,774,671$4,502,322$2,289,102$18,848,230
81$28,272,904$4,592,153$2,235,004$20,543,639
82$31,021,837$4,682,266$2,174,973$22,406,799
83$34,046,912$4,772,544$2,108,683$24,454,736
84$37,376,161$4,862,863$2,035,788$26,706,210
85$41,040,473$4,953,087$1,955,930$29,181,897
86$45,073,880$5,043,067$1,868,733$31,904,585
87$49,513,885$5,132,646$1,773,804$34,899,382
88$54,401,807$5,221,652$1,670,732$38,193,962
89$59,783,179$5,309,900$1,559,090$41,818,823
90$65,708,171$5,397,194$1,438,427$45,807,573
91$72,232,067$5,483,318$1,308,276$50,197,252
92$79,415,782$5,568,045$1,168,148$55,028,678
93$87,326,441$5,651,128$1,017,530$60,346,836
94$96,038,010$5,732,306$855,890$66,201,301
95$105,631,994$5,811,296$682,669$72,646,709
96$116,198,205$5,887,797$497,286$79,743,270
97$127,835,610$5,961,486$299,132$87,557,339
98$140,653,263$6,032,020$87,574$96,162,045
99$154,771,336$6,099,030$0$105,637,976
100$170,322,254$6,162,124$0$116,094,593