Can I retire at age 53 with 2,320,000?

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 $2,320,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$191,583$189,877$188,212$186,587$185,000$179,437
2 years$94,843$93,077$91,365$89,705$88,095$82,538
3 years$62,601$60,827$59,119$57,475$55,891$50,513
4 years$46,483$44,714$43,024$41,408$39,862$34,705
5 years$36,814$35,056$33,388$31,805$30,303$25,380
6 years$30,371$28,626$26,983$25,435$23,977$19,294
7 years$25,770$24,040$22,423$20,911$19,500$15,055
8 years$22,321$20,607$19,016$17,542$16,177$11,969
9 years$19,640$17,942$16,379$14,942$13,624$9,647
10 years$17,497$15,815$14,279$12,880$11,608$7,857
11 years$15,744$14,079$12,571$11,209$9,983$6,452
12 years$14,284$12,637$11,157$9,832$8,651$5,332
13 years$13,050$11,420$9,968$8,680$7,544$4,430
14 years$11,994$10,380$8,956$7,705$6,613$3,696
15 years$11,078$9,483$8,086$6,872$5,823$3,094
16 years$10,278$8,700$7,331$6,153$5,146$2,597
17 years$9,573$8,013$6,671$5,528$4,563$2,185
18 years$8,947$7,404$6,090$4,982$4,057$1,842
19 years$8,388$6,862$5,575$4,502$3,616$1,556
20 years$7,885$6,376$5,116$4,077$3,230$1,315
21 years$7,431$5,939$4,706$3,700$2,891$1,113
22 years$7,018$5,544$4,337$3,365$2,591$943
23 years$6,642$5,185$4,005$3,064$2,326$800
24 years$6,298$4,858$3,704$2,795$2,090$679
25 years$5,981$4,559$3,430$2,552$1,881$576
26 years$5,690$4,285$3,182$2,334$1,694$490
27 years$5,420$4,033$2,954$2,136$1,528$416
28 years$5,171$3,800$2,746$1,957$1,378$354
29 years$4,939$3,585$2,556$1,795$1,245$301
30 years$4,723$3,386$2,381$1,647$1,125$256
31 years$4,521$3,200$2,219$1,513$1,017$218
32 years$4,332$3,028$2,071$1,390$920$185
33 years$4,155$2,868$1,933$1,278$832$158
34 years$3,989$2,718$1,807$1,176$754$134
35 years$3,832$2,578$1,689$1,083$683$114
36 years$3,685$2,447$1,580$997$618$97
37 years$3,546$2,324$1,479$919$561$83
38 years$3,414$2,209$1,385$847$508$70
39 years$3,290$2,100$1,297$781$461$60
40 years$3,172$1,998$1,216$720$418$51
41 years$3,060$1,902$1,140$665$379$44
42 years$2,954$1,811$1,070$613$344$37
43 years$2,853$1,726$1,004$566$312$32
44 years$2,756$1,645$942$523$283$27
45 years$2,665$1,569$885$483$257$23
46 years$2,577$1,497$831$446$234$19
47 years$2,494$1,428$781$412$212$17
48 years$2,414$1,363$734$381$193$14
49 years$2,338$1,302$690$352$175$12
50 years$2,265$1,244$648$325$159$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,320,000, adding $4,056 every year, while hoping to spend $26,532 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: 35/46/19 Blend
52$2,320,000$2,320,000$2,320,000$2,320,000
53$2,560,824$2,437,864$2,401,904$2,635,456
54$2,793,798$2,529,089$2,454,138$2,781,685
55$3,049,646$2,623,896$2,507,232$2,936,597
56$3,330,674$2,722,430$2,561,188$3,103,191
57$3,639,420$2,824,847$2,616,006$3,282,519
58$3,978,683$2,931,306$2,671,683$3,475,740
59$4,351,543$3,041,975$2,728,220$3,684,121
60$4,761,397$3,157,028$2,785,611$3,909,056
61$5,211,985$3,276,648$2,843,855$4,152,076
62$5,707,428$3,401,024$2,902,944$4,414,859
63$6,252,266$3,530,355$2,962,874$4,699,252
64$6,851,503$3,664,848$3,023,635$5,007,283
65$7,510,649$3,804,718$3,085,220$5,341,180
66$8,235,777$3,950,191$3,147,617$5,703,392
67$9,033,578$4,101,502$3,210,814$6,096,611
68$9,911,424$4,258,897$3,274,797$6,523,795
69$10,877,437$4,422,631$3,339,551$6,988,199
70$11,940,568$4,592,972$3,405,058$7,493,400
71$13,110,678$4,770,199$3,471,299$8,043,332
72$14,398,632$4,954,604$3,538,253$8,642,323
73$15,816,403$5,146,491$3,605,895$9,295,134
74$17,377,184$5,346,177$3,674,201$10,007,000
75$19,095,512$5,553,994$3,743,141$10,783,683
76$20,987,403$5,770,288$3,812,685$11,631,522
77$23,070,507$5,995,422$3,882,800$12,557,494
78$25,364,274$6,229,773$3,953,448$13,569,273
79$27,890,133$6,473,735$4,024,592$14,675,309
80$30,671,699$6,727,720$4,096,188$15,884,901
81$33,734,992$6,992,159$4,168,191$17,208,283
82$37,108,688$7,267,500$4,240,551$18,656,722
83$40,824,381$7,554,215$4,313,216$20,242,622
84$44,916,888$7,852,792$4,386,130$21,979,637
85$49,424,577$8,163,745$4,459,232$23,882,800
86$54,389,725$8,487,609$4,532,457$25,968,664
87$59,858,918$8,824,944$4,605,735$28,255,454
88$65,883,495$9,176,333$4,678,994$30,763,238
89$72,520,026$9,542,388$4,752,155$33,514,115
90$79,830,850$9,923,746$4,825,134$36,532,421
91$87,884,662$10,321,075$4,897,841$39,844,956
92$96,757,161$10,735,072$4,970,183$43,481,235
93$106,531,766$11,166,465$5,042,059$47,473,765
94$117,300,400$11,616,016$5,113,361$51,858,348
95$129,164,360$12,084,519$5,183,978$56,674,414
96$142,235,273$12,572,809$5,253,789$61,965,397
97$156,636,147$13,081,753$5,322,667$67,779,137
98$172,502,536$13,612,260$5,390,479$74,168,328
99$189,983,816$14,165,282$5,457,081$81,191,016
100$209,244,596$14,741,812$5,522,324$88,911,141