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

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 $2,330,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$192,409$190,695$189,023$187,391$185,797$179,634
2 years$95,252$93,478$91,759$90,092$88,475$82,326
3 years$62,871$61,089$59,374$57,723$56,132$50,189
4 years$46,683$44,907$43,209$41,586$40,034$34,343
5 years$36,973$35,208$33,532$31,942$30,433$25,010
6 years$30,502$28,750$27,099$25,544$24,081$18,929
7 years$25,881$24,144$22,519$21,001$19,584$14,704
8 years$22,418$20,696$19,098$17,618$16,247$11,634
9 years$19,725$18,019$16,449$15,006$13,682$9,331
10 years$17,572$15,883$14,341$12,936$11,658$7,562
11 years$15,812$14,140$12,625$11,258$10,026$6,178
12 years$14,346$12,691$11,205$9,875$8,689$5,079
13 years$13,107$11,469$10,011$8,718$7,577$4,196
14 years$12,045$10,425$8,995$7,739$6,642$3,481
15 years$11,126$9,524$8,121$6,902$5,848$2,898
16 years$10,323$8,738$7,363$6,180$5,168$2,419
17 years$9,615$8,047$6,700$5,552$4,583$2,023
18 years$8,986$7,436$6,116$5,004$4,075$1,696
19 years$8,424$6,891$5,599$4,521$3,632$1,423
20 years$7,919$6,404$5,139$4,095$3,244$1,196
21 years$7,463$5,965$4,726$3,716$2,903$1,006
22 years$7,048$5,568$4,356$3,379$2,602$847
23 years$6,670$5,208$4,022$3,077$2,336$714
24 years$6,325$4,879$3,720$2,807$2,099$602
25 years$6,007$4,579$3,445$2,563$1,889$508
26 years$5,714$4,303$3,195$2,344$1,702$429
27 years$5,444$4,050$2,967$2,145$1,534$362
28 years$5,193$3,816$2,758$1,966$1,384$306
29 years$4,960$3,600$2,567$1,802$1,250$258
30 years$4,743$3,400$2,391$1,654$1,130$218
31 years$4,540$3,214$2,229$1,519$1,021$184
32 years$4,350$3,041$2,080$1,396$924$156
33 years$4,173$2,880$1,942$1,284$836$132
34 years$4,006$2,730$1,814$1,181$757$111
35 years$3,849$2,589$1,696$1,087$686$94
36 years$3,701$2,457$1,587$1,002$621$80
37 years$3,561$2,334$1,485$923$563$67
38 years$3,429$2,218$1,391$851$510$57
39 years$3,304$2,109$1,303$784$463$48
40 years$3,185$2,007$1,221$723$420$41
41 years$3,073$1,910$1,145$667$381$34
42 years$2,966$1,819$1,074$616$346$29
43 years$2,865$1,733$1,008$569$314$25
44 years$2,768$1,652$946$525$285$21
45 years$2,676$1,576$889$485$258$18
46 years$2,589$1,503$835$448$235$15
47 years$2,505$1,434$784$414$213$13
48 years$2,425$1,369$737$382$194$11
49 years$2,348$1,308$692$353$176$9
50 years$2,275$1,249$651$327$160$8

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 $3,725 every year, while hoping to spend $22,193 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: 59/31/10 Blend
52$2,330,000$2,330,000$2,330,000$2,330,000
53$2,571,502$2,448,012$2,411,897$2,716,976
54$2,810,182$2,544,352$2,469,083$2,911,561
55$3,072,464$2,644,668$2,527,440$3,120,803
56$3,360,731$2,749,132$2,586,985$3,348,413
57$3,677,610$2,857,924$2,647,733$3,596,160
58$4,025,994$2,971,231$2,709,700$3,865,987
59$4,409,072$3,089,247$2,772,901$4,160,032
60$4,830,354$3,212,177$2,837,351$4,480,647
61$5,293,712$3,340,235$2,903,064$4,830,418
62$5,803,408$3,473,644$2,970,053$5,212,191
63$6,364,139$3,612,637$3,038,334$5,629,099
64$6,981,082$3,757,457$3,107,919$6,084,585
65$7,659,939$3,908,358$3,178,821$6,582,444
66$8,406,993$4,065,608$3,251,051$7,126,847
67$9,229,167$4,229,484$3,324,623$7,722,387
68$10,134,090$4,400,276$3,399,545$8,374,121
69$11,130,167$4,578,290$3,475,830$9,087,613
70$12,226,659$4,763,841$3,553,485$9,868,988
71$13,433,771$4,957,262$3,632,520$10,724,992
72$14,762,749$5,158,902$3,712,943$11,663,049
73$16,225,983$5,369,121$3,794,760$12,691,333
74$17,837,126$5,588,300$3,877,977$13,818,847
75$19,611,222$5,816,837$3,962,598$15,055,501
76$21,564,849$6,055,144$4,048,628$16,412,209
77$23,716,275$6,303,657$4,136,068$17,900,990
78$26,085,628$6,562,830$4,224,920$19,535,079
79$28,695,090$6,833,136$4,315,182$21,329,051
80$31,569,101$7,115,072$4,406,853$23,298,960
81$34,734,596$7,409,157$4,499,929$25,462,485
82$38,221,253$7,715,933$4,594,404$27,839,100
83$42,061,776$8,035,969$4,690,272$30,450,251
84$46,292,204$8,369,859$4,787,523$33,319,563
85$50,952,249$8,718,223$4,886,146$36,473,057
86$56,085,674$9,081,711$4,986,127$39,939,397
87$61,740,702$9,461,004$5,087,452$43,750,154
88$67,970,473$9,856,812$5,190,100$47,940,111
89$74,833,545$10,269,880$5,294,052$52,547,580
90$82,394,448$10,700,985$5,399,285$57,614,769
91$90,724,291$11,150,943$5,505,770$63,188,172
92$99,901,435$11,620,606$5,613,480$69,319,014
93$110,012,231$12,110,865$5,722,381$76,063,723
94$121,151,834$12,622,654$5,832,437$83,484,470
95$133,425,106$13,156,948$5,943,608$91,649,745
96$146,947,598$13,714,770$6,055,850$100,635,006
97$161,846,648$14,297,189$6,169,116$110,523,389
98$178,262,579$14,905,324$6,283,354$121,406,486
99$196,350,023$15,540,346$6,398,508$133,385,214
100$216,279,384$16,203,481$6,514,516$146,570,756