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%13.1%
1 years$190,758$189,058$187,401$185,783$184,203$181,825
2 years$94,434$92,676$90,971$89,319$87,716$85,324
3 years$62,331$60,565$58,864$57,227$55,650$53,319
4 years$46,282$44,521$42,838$41,229$39,690$37,437
5 years$36,656$34,905$33,244$31,668$30,172$28,003
6 years$30,240$28,503$26,866$25,325$23,874$21,792
7 years$25,659$23,937$22,326$20,821$19,416$17,422
8 years$22,225$20,518$18,934$17,466$16,107$14,201
9 years$19,556$17,865$16,308$14,877$13,565$11,745
10 years$17,421$15,747$14,218$12,824$11,558$9,823
11 years$15,676$14,019$12,517$11,161$9,940$8,290
12 years$14,223$12,582$11,109$9,790$8,614$7,045
13 years$12,994$11,371$9,925$8,643$7,512$6,023
14 years$11,942$10,336$8,917$7,672$6,585$5,174
15 years$11,031$9,442$8,051$6,842$5,798$4,462
16 years$10,234$8,663$7,300$6,127$5,124$3,862
17 years$9,532$7,978$6,642$5,505$4,543$3,351
18 years$8,909$7,372$6,064$4,961$4,040$2,916
19 years$8,352$6,832$5,551$4,482$3,601$2,542
20 years$7,851$6,349$5,094$4,060$3,216$2,220
21 years$7,398$5,914$4,686$3,684$2,878$1,942
22 years$6,988$5,520$4,319$3,350$2,580$1,701
23 years$6,613$5,163$3,988$3,051$2,316$1,492
24 years$6,270$4,837$3,688$2,783$2,081$1,309
25 years$5,956$4,540$3,416$2,541$1,873$1,150
26 years$5,665$4,267$3,168$2,324$1,687$1,011
27 years$5,397$4,015$2,942$2,127$1,521$890
28 years$5,148$3,784$2,735$1,949$1,372$783
29 years$4,917$3,569$2,545$1,787$1,239$690
30 years$4,702$3,371$2,370$1,640$1,120$608
31 years$4,501$3,187$2,210$1,506$1,012$536
32 years$4,313$3,015$2,062$1,384$916$473
33 years$4,137$2,855$1,925$1,273$829$417
34 years$3,971$2,706$1,799$1,171$750$368
35 years$3,816$2,567$1,682$1,078$680$325
36 years$3,669$2,436$1,573$993$616$287
37 years$3,530$2,314$1,472$915$558$253
38 years$3,399$2,199$1,379$843$506$224
39 years$3,276$2,091$1,292$778$459$197
40 years$3,158$1,990$1,211$717$416$174
41 years$3,047$1,894$1,135$662$378$154
42 years$2,941$1,804$1,065$611$343$136
43 years$2,840$1,719$999$564$311$120
44 years$2,745$1,638$938$520$282$106
45 years$2,653$1,562$881$481$256$94
46 years$2,566$1,490$827$444$233$83
47 years$2,483$1,422$777$410$211$73
48 years$2,404$1,358$730$379$192$65
49 years$2,328$1,296$687$350$174$57
50 years$2,255$1,238$645$324$158$51

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 $4,046 every year, while hoping to spend $48,089 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: 64/27/9 Blend
52$2,310,000$2,310,000$2,310,000$2,310,000
53$2,549,793$2,427,363$2,391,558$2,707,931
54$2,758,706$2,495,138$2,420,509$2,881,673
55$2,987,316$2,564,622$2,448,818$3,065,352
56$3,237,582$2,635,848$2,476,413$3,264,735
57$3,511,660$2,708,849$2,503,218$3,481,345
58$3,811,924$2,783,658$2,529,151$3,716,861
59$4,140,992$2,860,308$2,554,129$3,973,127
60$4,501,742$2,938,832$2,578,061$4,252,177
61$4,897,347$3,019,262$2,600,853$4,556,248
62$5,331,302$3,101,631$2,622,407$4,887,805
63$5,807,454$3,185,971$2,642,617$5,249,561
64$6,330,043$3,272,312$2,661,374$5,644,505
65$6,903,738$3,360,686$2,678,561$6,075,929
66$7,533,683$3,451,124$2,694,056$6,547,458
67$8,225,545$3,543,654$2,707,733$7,063,084
68$8,985,564$3,638,307$2,719,455$7,627,205
69$9,820,616$3,735,109$2,729,082$8,244,667
70$10,738,278$3,834,088$2,736,465$8,920,805
71$11,746,894$3,935,270$2,741,448$9,661,499
72$12,855,658$4,038,679$2,743,868$10,473,224
73$14,074,699$4,144,339$2,743,552$11,363,116
74$15,415,177$4,252,270$2,740,319$12,339,034
75$16,889,387$4,362,493$2,733,982$13,409,638
76$18,510,875$4,475,026$2,724,341$14,584,469
77$20,294,566$4,589,884$2,711,188$15,874,038
78$22,256,905$4,707,081$2,694,305$17,289,928
79$24,416,009$4,826,628$2,673,464$18,844,898
80$26,791,841$4,948,532$2,648,425$20,553,009
81$29,406,400$5,072,801$2,618,938$22,429,752
82$32,283,919$5,199,434$2,584,739$24,492,198
83$35,451,104$5,328,432$2,545,553$26,759,155
84$38,937,381$5,459,789$2,501,093$29,251,348
85$42,775,171$5,593,496$2,451,057$31,991,613
86$47,000,200$5,729,539$2,395,129$35,005,115
87$51,651,834$5,867,900$2,332,979$38,319,581
88$56,773,449$6,008,556$2,264,262$41,965,565
89$62,412,843$6,151,477$2,188,617$45,976,737
90$68,622,682$6,296,629$2,105,665$50,390,198
91$75,461,003$6,443,971$2,015,012$55,246,829
92$82,991,755$6,593,455$1,916,244$60,591,684
93$91,285,406$6,745,026$1,808,931$66,474,405
94$100,419,607$6,898,622$1,692,619$72,949,698
95$110,479,923$7,054,171$1,566,839$80,077,850
96$121,560,644$7,211,594$1,431,097$87,925,290
97$133,765,669$7,370,802$1,284,878$96,565,225
98$147,209,491$7,531,694$1,127,644$106,078,327
99$162,018,274$7,694,162$958,835$116,553,493
100$178,331,045$7,858,083$777,863$128,088,689