Can I retire at age 53 with 2,330,000?

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 $2,330,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$192,409$190,695$189,023$187,391$185,797$182,795
2 years$95,252$93,478$91,759$90,092$88,475$85,458
3 years$62,871$61,089$59,374$57,723$56,132$53,195
4 years$46,683$44,907$43,209$41,586$40,034$37,199
5 years$36,973$35,208$33,532$31,942$30,433$27,709
6 years$30,502$28,750$27,099$25,544$24,081$21,470
7 years$25,881$24,144$22,519$21,001$19,584$17,088
8 years$22,418$20,696$19,098$17,618$16,247$13,864
9 years$19,725$18,019$16,449$15,006$13,682$11,413
10 years$17,572$15,883$14,341$12,936$11,658$9,499
11 years$15,812$14,140$12,625$11,258$10,026$7,976
12 years$14,346$12,691$11,205$9,875$8,689$6,744
13 years$13,107$11,469$10,011$8,718$7,577$5,735
14 years$12,045$10,425$8,995$7,739$6,642$4,900
15 years$11,126$9,524$8,121$6,902$5,848$4,204
16 years$10,323$8,738$7,363$6,180$5,168$3,617
17 years$9,615$8,047$6,700$5,552$4,583$3,122
18 years$8,986$7,436$6,116$5,004$4,075$2,700
19 years$8,424$6,891$5,599$4,521$3,632$2,340
20 years$7,919$6,404$5,139$4,095$3,244$2,032
21 years$7,463$5,965$4,726$3,716$2,903$1,767
22 years$7,048$5,568$4,356$3,379$2,602$1,538
23 years$6,670$5,208$4,022$3,077$2,336$1,340
24 years$6,325$4,879$3,720$2,807$2,099$1,169
25 years$6,007$4,579$3,445$2,563$1,889$1,021
26 years$5,714$4,303$3,195$2,344$1,702$892
27 years$5,444$4,050$2,967$2,145$1,534$780
28 years$5,193$3,816$2,758$1,966$1,384$682
29 years$4,960$3,600$2,567$1,802$1,250$597
30 years$4,743$3,400$2,391$1,654$1,130$523
31 years$4,540$3,214$2,229$1,519$1,021$458
32 years$4,350$3,041$2,080$1,396$924$401
33 years$4,173$2,880$1,942$1,284$836$351
34 years$4,006$2,730$1,814$1,181$757$308
35 years$3,849$2,589$1,696$1,087$686$270
36 years$3,701$2,457$1,587$1,002$621$237
37 years$3,561$2,334$1,485$923$563$208
38 years$3,429$2,218$1,391$851$510$182
39 years$3,304$2,109$1,303$784$463$160
40 years$3,185$2,007$1,221$723$420$140
41 years$3,073$1,910$1,145$667$381$123
42 years$2,966$1,819$1,074$616$346$108
43 years$2,865$1,733$1,008$569$314$95
44 years$2,768$1,652$946$525$285$83
45 years$2,676$1,576$889$485$258$73
46 years$2,589$1,503$835$448$235$64
47 years$2,505$1,434$784$414$213$56
48 years$2,425$1,369$737$382$194$49
49 years$2,348$1,308$692$353$176$43
50 years$2,275$1,249$651$327$160$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,330,000, adding $4,094 every year, while hoping to spend $55,652 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: 68/23/9 Blend
52$2,330,000$2,330,000$2,330,000$2,330,000
53$2,571,883$2,448,393$2,412,278$2,742,015
54$2,775,002$2,509,151$2,433,876$2,916,198
55$2,996,973$2,571,021$2,454,332$3,099,521
56$3,239,662$2,633,998$2,473,550$3,298,525
57$3,505,121$2,698,077$2,491,427$3,514,738
58$3,795,609$2,763,249$2,507,855$3,749,842
59$4,113,615$2,829,502$2,522,723$4,005,687
60$4,461,880$2,896,824$2,535,910$4,284,315
61$4,843,421$2,965,198$2,547,293$4,587,970
62$5,261,562$3,034,605$2,556,739$4,919,126
63$5,719,963$3,105,022$2,564,111$5,280,509
64$6,222,655$3,176,424$2,569,265$5,675,119
65$6,774,078$3,248,781$2,572,047$6,106,262
66$7,379,123$3,322,060$2,572,300$6,577,582
67$8,043,176$3,396,223$2,569,854$7,093,089
68$8,772,171$3,471,229$2,564,536$7,657,204
69$9,572,644$3,547,031$2,556,159$8,274,797
70$10,451,796$3,623,577$2,544,532$8,951,233
71$11,417,557$3,700,811$2,529,452$9,692,423
72$12,478,666$3,778,668$2,510,707$10,504,881
73$13,644,748$3,857,081$2,488,073$11,395,783
74$14,926,408$3,935,974$2,461,320$12,373,035
75$16,335,329$4,015,264$2,430,201$13,445,350
76$17,884,382$4,094,862$2,394,463$14,622,328
77$19,587,749$4,174,670$2,353,837$15,914,548
78$21,461,053$4,254,582$2,308,044$17,333,666
79$23,521,507$4,334,483$2,256,791$18,892,527
80$25,788,078$4,414,250$2,199,770$20,605,285
81$28,281,661$4,493,748$2,136,662$22,487,536
82$31,025,280$4,572,831$2,067,130$24,556,468
83$34,044,304$4,651,345$1,990,824$26,831,021
84$37,366,683$4,729,121$1,907,376$29,332,066
85$41,023,215$4,805,979$1,816,404$32,082,602
86$45,047,836$4,881,724$1,717,506$35,107,976
87$49,477,935$4,956,148$1,610,263$38,436,117
88$54,354,714$5,029,029$1,494,236$42,097,806
89$59,723,571$5,100,127$1,368,969$46,126,962
90$65,634,528$5,169,186$1,233,982$50,560,965
91$72,142,706$5,235,933$1,088,776$55,441,008
92$79,308,842$5,300,074$932,831$60,812,485
93$87,199,863$5,361,296$765,599$66,725,423
94$95,889,515$5,419,266$586,513$73,234,953
95$105,459,063$5,473,628$394,979$80,401,829
96$115,998,053$5,524,001$190,376$88,293,006
97$127,605,158$5,569,981$0$96,982,266
98$140,389,110$5,611,135$0$106,553,610
99$154,469,724$5,647,006$0$117,113,645
100$169,979,030$5,677,103$0$128,742,889