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%13.2%
1 years$192,409$190,695$189,023$187,391$185,797$183,324
2 years$95,252$93,478$91,759$90,092$88,475$85,987
3 years$62,871$61,089$59,374$57,723$56,132$53,707
4 years$46,683$44,907$43,209$41,586$40,034$37,690
5 years$36,973$35,208$33,532$31,942$30,433$28,177
6 years$30,502$28,750$27,099$25,544$24,081$21,916
7 years$25,881$24,144$22,519$21,001$19,584$17,511
8 years$22,418$20,696$19,098$17,618$16,247$14,265
9 years$19,725$18,019$16,449$15,006$13,682$11,791
10 years$17,572$15,883$14,341$12,936$11,658$9,856
11 years$15,812$14,140$12,625$11,258$10,026$8,312
12 years$14,346$12,691$11,205$9,875$8,689$7,060
13 years$13,107$11,469$10,011$8,718$7,577$6,032
14 years$12,045$10,425$8,995$7,739$6,642$5,178
15 years$11,126$9,524$8,121$6,902$5,848$4,463
16 years$10,323$8,738$7,363$6,180$5,168$3,859
17 years$9,615$8,047$6,700$5,552$4,583$3,347
18 years$8,986$7,436$6,116$5,004$4,075$2,910
19 years$8,424$6,891$5,599$4,521$3,632$2,535
20 years$7,919$6,404$5,139$4,095$3,244$2,212
21 years$7,463$5,965$4,726$3,716$2,903$1,934
22 years$7,048$5,568$4,356$3,379$2,602$1,693
23 years$6,670$5,208$4,022$3,077$2,336$1,483
24 years$6,325$4,879$3,720$2,807$2,099$1,301
25 years$6,007$4,579$3,445$2,563$1,889$1,142
26 years$5,714$4,303$3,195$2,344$1,702$1,003
27 years$5,444$4,050$2,967$2,145$1,534$882
28 years$5,193$3,816$2,758$1,966$1,384$776
29 years$4,960$3,600$2,567$1,802$1,250$683
30 years$4,743$3,400$2,391$1,654$1,130$601
31 years$4,540$3,214$2,229$1,519$1,021$530
32 years$4,350$3,041$2,080$1,396$924$467
33 years$4,173$2,880$1,942$1,284$836$411
34 years$4,006$2,730$1,814$1,181$757$363
35 years$3,849$2,589$1,696$1,087$686$320
36 years$3,701$2,457$1,587$1,002$621$282
37 years$3,561$2,334$1,485$923$563$249
38 years$3,429$2,218$1,391$851$510$220
39 years$3,304$2,109$1,303$784$463$194
40 years$3,185$2,007$1,221$723$420$171
41 years$3,073$1,910$1,145$667$381$151
42 years$2,966$1,819$1,074$616$346$133
43 years$2,865$1,733$1,008$569$314$118
44 years$2,768$1,652$946$525$285$104
45 years$2,676$1,576$889$485$258$92
46 years$2,589$1,503$835$448$235$81
47 years$2,505$1,434$784$414$213$71
48 years$2,425$1,369$737$382$194$63
49 years$2,348$1,308$692$353$176$56
50 years$2,275$1,249$651$327$160$49

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 $4,755 every year, while hoping to spend $44,441 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: 41/46/13 Blend
52$2,330,000$2,330,000$2,330,000$2,330,000
53$2,572,565$2,449,075$2,412,960$2,667,969
54$2,787,682$2,521,795$2,446,509$2,808,347
55$3,023,251$2,596,588$2,479,693$2,955,433
56$3,281,311$2,673,510$2,512,452$3,113,655
57$3,564,110$2,752,617$2,544,723$3,284,046
58$3,874,119$2,833,965$2,576,441$3,467,742
59$4,214,062$2,917,612$2,607,536$3,665,992
60$4,586,941$3,003,620$2,637,932$3,880,171
61$4,996,059$3,092,047$2,667,553$4,111,792
62$5,445,057$3,182,957$2,696,316$4,362,517
63$5,937,943$3,276,413$2,724,133$4,634,178
64$6,479,135$3,372,478$2,750,913$4,928,788
65$7,073,497$3,471,220$2,776,559$5,248,565
66$7,726,389$3,572,705$2,800,969$5,595,949
67$8,443,715$3,677,002$2,824,036$5,973,626
68$9,231,979$3,784,181$2,845,646$6,384,554
69$10,098,347$3,894,312$2,865,682$6,831,989
70$11,050,713$4,007,467$2,884,016$7,319,515
71$12,097,773$4,123,721$2,900,518$7,851,080
72$13,249,110$4,243,147$2,915,050$8,431,031
73$14,515,280$4,365,822$2,927,465$9,064,155
74$15,907,915$4,491,824$2,937,611$9,755,723
75$17,439,829$4,621,230$2,945,328$10,511,543
76$19,125,141$4,754,120$2,950,446$11,338,010
77$20,979,408$4,890,574$2,952,789$12,242,167
78$23,019,771$5,030,675$2,952,170$13,231,774
79$25,265,115$5,174,506$2,948,396$14,315,378
80$27,736,251$5,322,151$2,941,260$15,502,394
81$30,456,106$5,473,694$2,930,550$16,803,195
82$33,449,945$5,629,221$2,916,040$18,229,206
83$36,745,606$5,788,820$2,897,494$19,793,017
84$40,373,764$5,952,577$2,874,666$21,508,495
85$44,368,216$6,120,582$2,847,296$23,390,920
86$48,766,208$6,292,924$2,815,113$25,457,126
87$53,608,776$6,469,692$2,777,835$27,725,660
88$58,941,141$6,650,977$2,735,162$30,216,958
89$64,813,131$6,836,869$2,686,784$32,953,535
90$71,279,655$7,027,460$2,632,376$35,960,201
91$78,401,215$7,222,841$2,571,595$39,264,289
92$86,244,482$7,423,103$2,504,087$42,895,921
93$94,882,921$7,628,337$2,429,476$46,888,283
94$104,397,489$7,838,636$2,347,373$51,277,944
95$114,877,393$8,054,089$2,257,370$56,105,201
96$126,420,935$8,274,787$2,159,040$61,414,453
97$139,136,438$8,500,820$2,051,936$67,254,629
98$153,143,271$8,732,276$1,935,592$73,679,640
99$168,572,971$8,969,244$1,809,520$80,748,895
100$185,570,486$9,211,809$1,673,212$88,527,860