Can I retire at age 53 with 2,310,000?

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 $2,310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$190,758$189,058$187,401$185,783$184,203$183,349
2 years$94,434$92,676$90,971$89,319$87,716$86,854
3 years$62,331$60,565$58,864$57,227$55,650$54,808
4 years$46,282$44,521$42,838$41,229$39,690$38,873
5 years$36,656$34,905$33,244$31,668$30,172$29,382
6 years$30,240$28,503$26,866$25,325$23,874$23,113
7 years$25,659$23,937$22,326$20,821$19,416$18,684
8 years$22,225$20,518$18,934$17,466$16,107$15,404
9 years$19,556$17,865$16,308$14,877$13,565$12,890
10 years$17,421$15,747$14,218$12,824$11,558$10,912
11 years$15,676$14,019$12,517$11,161$9,940$9,322
12 years$14,223$12,582$11,109$9,790$8,614$8,024
13 years$12,994$11,371$9,925$8,643$7,512$6,948
14 years$11,942$10,336$8,917$7,672$6,585$6,048
15 years$11,031$9,442$8,051$6,842$5,798$5,287
16 years$10,234$8,663$7,300$6,127$5,124$4,638
17 years$9,532$7,978$6,642$5,505$4,543$4,082
18 years$8,909$7,372$6,064$4,961$4,040$3,602
19 years$8,352$6,832$5,551$4,482$3,601$3,186
20 years$7,851$6,349$5,094$4,060$3,216$2,823
21 years$7,398$5,914$4,686$3,684$2,878$2,506
22 years$6,988$5,520$4,319$3,350$2,580$2,229
23 years$6,613$5,163$3,988$3,051$2,316$1,984
24 years$6,270$4,837$3,688$2,783$2,081$1,769
25 years$5,956$4,540$3,416$2,541$1,873$1,578
26 years$5,665$4,267$3,168$2,324$1,687$1,410
27 years$5,397$4,015$2,942$2,127$1,521$1,260
28 years$5,148$3,784$2,735$1,949$1,372$1,127
29 years$4,917$3,569$2,545$1,787$1,239$1,009
30 years$4,702$3,371$2,370$1,640$1,120$904
31 years$4,501$3,187$2,210$1,506$1,012$810
32 years$4,313$3,015$2,062$1,384$916$726
33 years$4,137$2,855$1,925$1,273$829$651
34 years$3,971$2,706$1,799$1,171$750$584
35 years$3,816$2,567$1,682$1,078$680$524
36 years$3,669$2,436$1,573$993$616$471
37 years$3,530$2,314$1,472$915$558$423
38 years$3,399$2,199$1,379$843$506$380
39 years$3,276$2,091$1,292$778$459$341
40 years$3,158$1,990$1,211$717$416$307
41 years$3,047$1,894$1,135$662$378$276
42 years$2,941$1,804$1,065$611$343$248
43 years$2,840$1,719$999$564$311$223
44 years$2,745$1,638$938$520$282$200
45 years$2,653$1,562$881$481$256$180
46 years$2,566$1,490$827$444$233$162
47 years$2,483$1,422$777$410$211$146
48 years$2,404$1,358$730$379$192$131
49 years$2,328$1,296$687$350$174$118
50 years$2,255$1,238$645$324$158$106

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,310,000, adding $3,075 every year, while hoping to spend $44,963 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: 37/42/21 Blend
52$2,310,000$2,310,000$2,310,000$2,310,000
53$2,548,792$2,426,362$2,390,557$2,626,878
54$2,760,928$2,497,413$2,422,800$2,755,010
55$2,993,196$2,570,439$2,454,617$2,888,893
56$3,247,600$2,645,489$2,485,945$3,032,590
57$3,526,350$2,722,613$2,516,719$3,187,010
58$3,831,879$2,801,862$2,546,870$3,353,154
59$4,166,866$2,883,288$2,576,325$3,532,121
60$4,534,261$2,966,945$2,605,007$3,725,120
61$4,937,316$3,052,885$2,632,835$3,933,483
62$5,379,610$3,141,164$2,659,723$4,158,676
63$5,865,086$3,231,837$2,685,580$4,402,311
64$6,398,089$3,324,962$2,710,311$4,666,164
65$6,983,404$3,420,594$2,733,815$4,952,190
66$7,626,300$3,518,793$2,755,988$5,262,540
67$8,332,586$3,619,617$2,776,717$5,599,583
68$9,108,658$3,723,126$2,795,885$5,965,930
69$9,961,562$3,829,381$2,813,368$6,364,454
70$10,899,064$3,938,442$2,829,038$6,798,319
71$11,929,715$4,050,373$2,842,757$7,271,010
72$13,062,939$4,165,234$2,854,383$7,786,367
73$14,309,119$4,283,091$2,863,765$8,348,618
74$15,679,692$4,404,005$2,870,745$8,962,420
75$17,187,262$4,528,043$2,875,156$9,632,906
76$18,845,714$4,655,268$2,876,824$10,365,727
77$20,670,346$4,785,745$2,875,567$11,167,110
78$22,678,015$4,919,541$2,871,193$12,043,916
79$24,887,295$5,056,720$2,863,499$13,003,704
80$27,318,648$5,197,349$2,852,276$14,054,800
81$29,994,625$5,341,494$2,837,302$15,206,381
82$32,940,069$5,489,220$2,818,344$16,468,555
83$36,182,358$5,640,593$2,795,160$17,852,460
84$39,751,656$5,795,679$2,767,496$19,370,372
85$43,681,201$5,954,544$2,735,083$21,035,812
86$48,007,618$6,117,251$2,697,643$22,863,683
87$52,771,265$6,283,866$2,654,883$24,870,404
88$58,016,609$6,454,451$2,606,497$27,074,070
89$63,792,653$6,629,069$2,552,165$29,494,618
90$70,153,392$6,807,781$2,491,550$32,154,019
91$77,158,323$6,990,648$2,424,303$35,076,483
92$84,873,010$7,177,727$2,350,055$38,288,689
93$93,369,698$7,369,077$2,268,422$41,820,036
94$102,727,997$7,564,751$2,179,004$45,702,922
95$113,035,631$7,764,803$2,081,380$49,973,048
96$124,389,270$7,969,283$1,975,111$54,669,758
97$136,895,437$8,178,238$1,859,738$59,836,406
98$150,671,513$8,391,714$1,734,781$65,520,771
99$165,846,851$8,609,752$1,599,740$71,775,503
100$182,563,989$8,832,389$1,454,090$78,658,624