Can I retire at age 53 with 2,340,000?

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 $2,340,000?

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$193,235$191,514$189,834$188,195$186,595$183,579
2 years$95,661$93,879$92,153$90,479$88,855$85,825
3 years$63,140$61,351$59,629$57,970$56,373$53,423
4 years$46,883$45,100$43,395$41,764$40,206$37,359
5 years$37,132$35,359$33,676$32,079$30,564$27,828
6 years$30,633$28,873$27,215$25,654$24,184$21,562
7 years$25,992$24,247$22,616$21,092$19,668$17,161
8 years$22,514$20,785$19,180$17,693$16,317$13,924
9 years$19,810$18,097$16,520$15,071$13,741$11,462
10 years$17,647$15,951$14,402$12,991$11,708$9,540
11 years$15,880$14,201$12,680$11,306$10,069$8,010
12 years$14,408$12,746$11,253$9,917$8,726$6,773
13 years$13,163$11,518$10,054$8,755$7,609$5,760
14 years$12,097$10,470$9,033$7,772$6,670$4,922
15 years$11,174$9,564$8,156$6,931$5,873$4,222
16 years$10,367$8,775$7,394$6,206$5,190$3,633
17 years$9,656$8,082$6,729$5,576$4,602$3,135
18 years$9,024$7,468$6,142$5,025$4,092$2,712
19 years$8,460$6,921$5,623$4,541$3,647$2,350
20 years$7,953$6,431$5,161$4,112$3,258$2,041
21 years$7,495$5,991$4,747$3,732$2,915$1,774
22 years$7,078$5,592$4,375$3,394$2,613$1,545
23 years$6,699$5,230$4,039$3,091$2,346$1,346
24 years$6,352$4,900$3,736$2,819$2,108$1,174
25 years$6,033$4,599$3,460$2,574$1,897$1,025
26 years$5,739$4,322$3,209$2,354$1,709$896
27 years$5,467$4,067$2,980$2,154$1,541$783
28 years$5,215$3,833$2,770$1,974$1,390$685
29 years$4,981$3,616$2,578$1,810$1,255$599
30 years$4,763$3,415$2,401$1,661$1,134$525
31 years$4,560$3,228$2,239$1,526$1,026$460
32 years$4,369$3,054$2,089$1,402$928$403
33 years$4,191$2,893$1,950$1,289$840$353
34 years$4,023$2,741$1,822$1,186$760$309
35 years$3,865$2,600$1,704$1,092$688$271
36 years$3,716$2,468$1,594$1,006$624$238
37 years$3,576$2,344$1,492$927$565$208
38 years$3,444$2,228$1,397$854$513$183
39 years$3,318$2,118$1,309$788$465$160
40 years$3,199$2,015$1,227$726$422$141
41 years$3,086$1,918$1,150$670$382$123
42 years$2,979$1,827$1,079$619$347$108
43 years$2,877$1,741$1,012$571$315$95
44 years$2,780$1,659$950$527$286$83
45 years$2,688$1,582$892$487$260$73
46 years$2,600$1,510$838$450$236$64
47 years$2,516$1,441$787$416$214$56
48 years$2,435$1,375$740$384$194$49
49 years$2,358$1,313$695$355$177$43
50 years$2,285$1,254$654$328$160$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,340,000, adding $5,665 every year, while hoping to spend $54,232 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: 49/27/24 Blend
52$2,340,000$2,340,000$2,340,000$2,340,000
53$2,584,523$2,460,503$2,424,233$2,693,370
54$2,790,442$2,523,366$2,447,743$2,832,725
55$3,015,547$2,587,491$2,470,222$2,978,145
56$3,261,738$2,652,883$2,491,580$3,135,035
57$3,531,107$2,719,545$2,511,719$3,304,503
58$3,825,956$2,787,479$2,530,538$3,487,766
59$4,148,822$2,856,684$2,547,929$3,686,169
60$4,502,498$2,927,158$2,563,781$3,901,190
61$4,890,059$2,998,895$2,577,974$4,134,460
62$5,314,894$3,071,889$2,590,385$4,387,776
63$5,780,732$3,146,131$2,600,881$4,663,116
64$6,291,683$3,221,607$2,609,327$4,962,662
65$6,852,272$3,298,303$2,615,577$5,288,819
66$7,467,484$3,376,201$2,619,479$5,644,234
67$8,142,811$3,455,278$2,620,876$6,031,829
68$8,884,301$3,535,511$2,619,599$6,454,820
69$9,698,618$3,616,868$2,615,473$6,916,754
70$10,593,100$3,699,318$2,608,314$7,421,539
71$11,575,834$3,782,822$2,597,930$7,973,484
72$12,655,727$3,867,339$2,584,119$8,577,336
73$13,842,593$3,952,820$2,566,669$9,238,329
74$15,147,243$4,039,214$2,545,358$9,962,230
75$16,581,587$4,126,460$2,519,953$10,755,397
76$18,158,748$4,214,496$2,490,210$11,624,838
77$19,893,184$4,303,250$2,455,875$12,578,276
78$21,800,822$4,392,643$2,416,681$13,624,224
79$23,899,213$4,482,590$2,372,347$14,772,065
80$26,207,694$4,572,997$2,322,582$16,032,142
81$28,747,569$4,663,764$2,267,078$17,415,854
82$31,542,311$4,754,779$2,205,516$18,935,767
83$34,617,786$4,845,922$2,137,560$20,605,729
84$38,002,491$4,937,063$2,062,859$22,441,006
85$41,727,827$5,028,062$1,981,047$24,458,422
86$45,828,394$5,118,765$1,891,740$26,676,523
87$50,342,315$5,209,009$1,794,538$29,115,749
88$55,311,598$5,298,617$1,689,022$31,798,630
89$60,782,530$5,387,399$1,574,753$34,749,998
90$66,806,115$5,475,148$1,451,275$37,997,223
91$73,438,555$5,561,647$1,318,108$41,570,472
92$80,741,777$5,646,657$1,174,755$45,502,994
93$88,784,022$5,729,927$1,020,692$49,831,437
94$97,640,482$5,811,184$855,376$54,596,192
95$107,394,018$5,890,138$678,237$59,841,778
96$118,135,931$5,966,478$488,682$65,617,263
97$129,966,833$6,039,872$286,089$71,976,726
98$142,997,589$6,109,965$69,813$78,979,773
99$157,350,368$6,176,379$0$86,692,096
100$173,159,792$6,238,707$0$95,227,329