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%14.3%
1 years$190,758$189,058$187,401$185,783$184,203$180,928
2 years$94,434$92,676$90,971$89,319$87,716$84,427
3 years$62,331$60,565$58,864$57,227$55,650$52,451
4 years$46,282$44,521$42,838$41,229$39,690$36,605
5 years$36,656$34,905$33,244$31,668$30,172$27,209
6 years$30,240$28,503$26,866$25,325$23,874$21,037
7 years$25,659$23,937$22,326$20,821$19,416$16,706
8 years$22,225$20,518$18,934$17,466$16,107$13,523
9 years$19,556$17,865$16,308$14,877$13,565$11,105
10 years$17,421$15,747$14,218$12,824$11,558$9,221
11 years$15,676$14,019$12,517$11,161$9,940$7,723
12 years$14,223$12,582$11,109$9,790$8,614$6,513
13 years$12,994$11,371$9,925$8,643$7,512$5,524
14 years$11,942$10,336$8,917$7,672$6,585$4,708
15 years$11,031$9,442$8,051$6,842$5,798$4,027
16 years$10,234$8,663$7,300$6,127$5,124$3,456
17 years$9,532$7,978$6,642$5,505$4,543$2,974
18 years$8,909$7,372$6,064$4,961$4,040$2,565
19 years$8,352$6,832$5,551$4,482$3,601$2,216
20 years$7,851$6,349$5,094$4,060$3,216$1,919
21 years$7,398$5,914$4,686$3,684$2,878$1,663
22 years$6,988$5,520$4,319$3,350$2,580$1,443
23 years$6,613$5,163$3,988$3,051$2,316$1,254
24 years$6,270$4,837$3,688$2,783$2,081$1,091
25 years$5,956$4,540$3,416$2,541$1,873$949
26 years$5,665$4,267$3,168$2,324$1,687$827
27 years$5,397$4,015$2,942$2,127$1,521$720
28 years$5,148$3,784$2,735$1,949$1,372$628
29 years$4,917$3,569$2,545$1,787$1,239$548
30 years$4,702$3,371$2,370$1,640$1,120$478
31 years$4,501$3,187$2,210$1,506$1,012$417
32 years$4,313$3,015$2,062$1,384$916$364
33 years$4,137$2,855$1,925$1,273$829$318
34 years$3,971$2,706$1,799$1,171$750$278
35 years$3,816$2,567$1,682$1,078$680$243
36 years$3,669$2,436$1,573$993$616$212
37 years$3,530$2,314$1,472$915$558$185
38 years$3,399$2,199$1,379$843$506$162
39 years$3,276$2,091$1,292$778$459$142
40 years$3,158$1,990$1,211$717$416$124
41 years$3,047$1,894$1,135$662$378$108
42 years$2,941$1,804$1,065$611$343$95
43 years$2,840$1,719$999$564$311$83
44 years$2,745$1,638$938$520$282$72
45 years$2,653$1,562$881$481$256$63
46 years$2,566$1,490$827$444$233$55
47 years$2,483$1,422$777$410$211$48
48 years$2,404$1,358$730$379$192$42
49 years$2,328$1,296$687$350$174$37
50 years$2,255$1,238$645$324$158$32

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 $3,202 every year, while hoping to spend $55,753 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: 73/8/19 Blend
52$2,310,000$2,310,000$2,310,000$2,310,000
53$2,548,923$2,426,493$2,390,688$2,723,305
54$2,749,592$2,486,070$2,411,455$2,899,121
55$2,968,861$2,546,698$2,431,050$3,084,608
56$3,208,568$2,608,370$2,449,373$3,286,379
57$3,470,737$2,671,075$2,466,322$3,506,043
58$3,757,597$2,734,802$2,481,788$3,745,368
59$4,071,600$2,799,536$2,495,656$4,006,307
60$4,415,450$2,865,260$2,507,808$4,291,007
61$4,792,122$2,931,953$2,518,115$4,601,836
62$5,204,893$2,999,593$2,526,446$4,941,402
63$5,657,371$3,068,153$2,532,662$5,312,580
64$6,153,532$3,137,602$2,536,615$5,718,536
65$6,697,754$3,207,905$2,538,153$6,162,758
66$7,294,858$3,279,025$2,537,114$6,649,091
67$7,950,155$3,350,919$2,533,329$7,181,771
68$8,669,496$3,423,540$2,526,621$7,765,466
69$9,459,325$3,496,834$2,516,803$8,405,320
70$10,326,741$3,570,744$2,503,681$9,107,000
71$11,279,565$3,645,206$2,487,050$9,876,751
72$12,326,411$3,720,151$2,466,697$10,721,458
73$13,476,769$3,795,503$2,442,395$11,648,703
74$14,741,095$3,871,179$2,413,912$12,666,846
75$16,130,908$3,947,088$2,380,999$13,785,097
76$17,658,898$4,023,133$2,343,400$15,013,606
77$19,339,047$4,099,207$2,300,844$16,363,559
78$21,186,756$4,175,195$2,253,050$17,847,283
79$23,218,999$4,250,973$2,199,720$19,478,361
80$25,454,473$4,326,407$2,140,547$21,271,766
81$27,913,780$4,401,352$2,075,206$23,243,993
82$30,619,620$4,475,652$2,003,360$25,413,226
83$33,597,002$4,549,140$1,924,653$27,799,500
84$36,873,484$4,621,635$1,838,717$30,424,897
85$40,479,429$4,692,945$1,745,163$33,313,750
86$44,448,293$4,762,861$1,643,589$36,492,879
87$48,816,940$4,831,163$1,533,570$39,991,836
88$53,625,989$4,897,611$1,414,666$43,843,192
89$58,920,197$4,961,951$1,286,414$48,082,841
90$64,748,882$5,023,912$1,148,334$52,750,339
91$71,166,386$5,083,201$999,921$57,889,280
92$78,232,588$5,139,509$840,649$63,547,706
93$86,013,471$5,192,503$669,969$69,778,561
94$94,581,740$5,241,831$487,308$76,640,193
95$104,017,511$5,287,115$292,068$84,196,903
96$114,409,068$5,327,953$83,622$92,519,555
97$125,853,688$5,363,919$0$101,686,243
98$138,458,569$5,394,556$0$111,811,174
99$152,341,834$5,419,380$0$122,980,972
100$167,633,648$5,437,876$0$135,283,335