Can I retire at age 53 with 2,350,000?

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 $2,350,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$194,061$192,332$190,646$189,000$187,392$180,815
2 years$96,070$94,280$92,546$90,865$89,234$82,677
3 years$63,410$61,613$59,884$58,218$56,614$50,283
4 years$47,084$45,292$43,580$41,943$40,378$34,321
5 years$37,290$35,510$33,820$32,216$30,694$24,928
6 years$30,764$28,996$27,331$25,764$24,287$18,815
7 years$26,103$24,351$22,713$21,182$19,752$14,574
8 years$22,610$20,873$19,262$17,769$16,386$11,497
9 years$19,894$18,174$16,590$15,135$13,800$9,193
10 years$17,723$16,020$14,464$13,047$11,758$7,427
11 years$15,948$14,261$12,734$11,354$10,112$6,048
12 years$14,469$12,800$11,301$9,959$8,763$4,955
13 years$13,219$11,568$10,097$8,793$7,642$4,080
14 years$12,149$10,515$9,072$7,805$6,699$3,373
15 years$11,222$9,605$8,191$6,961$5,898$2,798
16 years$10,411$8,813$7,426$6,233$5,213$2,327
17 years$9,697$8,116$6,757$5,600$4,622$1,939
18 years$9,063$7,500$6,169$5,047$4,110$1,619
19 years$8,496$6,951$5,647$4,560$3,663$1,354
20 years$7,987$6,459$5,183$4,130$3,272$1,133
21 years$7,527$6,016$4,767$3,748$2,928$950
22 years$7,109$5,616$4,394$3,408$2,624$797
23 years$6,728$5,252$4,057$3,104$2,356$669
24 years$6,379$4,921$3,752$2,831$2,117$562
25 years$6,059$4,618$3,475$2,585$1,905$472
26 years$5,763$4,340$3,223$2,364$1,716$397
27 years$5,491$4,085$2,993$2,164$1,547$334
28 years$5,238$3,849$2,782$1,982$1,396$281
29 years$5,003$3,631$2,589$1,818$1,261$236
30 years$4,784$3,429$2,411$1,668$1,139$199
31 years$4,579$3,242$2,248$1,532$1,030$167
32 years$4,388$3,067$2,098$1,408$932$141
33 years$4,209$2,905$1,958$1,295$843$119
34 years$4,040$2,753$1,830$1,191$763$100
35 years$3,882$2,611$1,711$1,097$691$84
36 years$3,732$2,479$1,600$1,010$626$71
37 years$3,591$2,354$1,498$931$568$60
38 years$3,458$2,237$1,403$858$515$50
39 years$3,332$2,127$1,314$791$467$42
40 years$3,213$2,024$1,232$730$423$36
41 years$3,100$1,927$1,155$673$384$30
42 years$2,992$1,835$1,084$621$349$25
43 years$2,890$1,748$1,017$573$316$21
44 years$2,792$1,666$954$529$287$18
45 years$2,699$1,589$896$489$261$15
46 years$2,611$1,516$842$452$237$13
47 years$2,526$1,447$791$417$215$11
48 years$2,446$1,381$743$386$195$9
49 years$2,368$1,319$698$356$177$8
50 years$2,294$1,260$657$329$161$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,350,000, adding $4,094 every year, while hoping to spend $32,652 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: 58/14/28 Blend
52$2,350,000$2,350,000$2,350,000$2,350,000
53$2,593,923$2,469,373$2,432,948$2,724,312
54$2,823,762$2,555,631$2,479,710$2,900,353
55$3,075,949$2,645,021$2,526,945$3,088,421
56$3,352,732$2,737,662$2,574,633$3,292,819
57$3,656,581$2,833,679$2,622,754$3,515,142
58$3,990,222$2,933,199$2,671,286$3,757,142
59$4,356,656$3,036,356$2,720,205$4,020,751
60$4,759,188$3,143,291$2,769,485$4,308,095
61$5,201,460$3,254,147$2,819,098$4,621,514
62$5,687,484$3,369,076$2,869,013$4,963,587
63$6,221,680$3,488,233$2,919,197$5,337,151
64$6,808,918$3,611,782$2,969,616$5,745,334
65$7,454,561$3,739,893$3,020,232$6,191,577
66$8,164,521$3,872,742$3,071,004$6,679,674
67$8,945,308$4,010,513$3,121,889$7,213,800
68$9,804,098$4,153,397$3,172,841$7,798,556
69$10,748,796$4,301,593$3,223,811$8,439,010
70$11,788,110$4,455,308$3,274,746$9,140,743
71$12,931,636$4,614,758$3,325,589$9,909,905
72$14,189,949$4,780,166$3,376,281$10,753,269
73$15,574,696$4,951,767$3,426,759$11,678,297
74$17,098,715$5,129,803$3,476,956$12,693,210
75$18,776,149$5,314,529$3,526,799$13,807,064
76$20,622,582$5,506,207$3,576,213$15,029,838
77$22,655,187$5,705,112$3,625,117$16,372,524
78$24,892,883$5,911,530$3,673,426$17,847,233
79$27,356,521$6,125,759$3,721,049$19,467,308
80$30,069,074$6,348,108$3,767,892$21,247,452
81$33,055,856$6,578,902$3,813,853$23,203,863
82$36,344,762$6,818,477$3,858,826$25,354,389
83$39,966,528$7,067,183$3,902,697$27,718,694
84$43,955,024$7,325,385$3,945,347$30,318,446
85$48,347,572$7,593,464$3,986,652$33,177,519
86$53,185,297$7,871,817$4,026,478$36,322,219
87$58,513,519$8,160,857$4,064,686$39,781,532
88$64,382,173$8,461,014$4,101,128$43,587,398
89$70,846,289$8,772,738$4,135,650$47,775,009
90$77,966,504$9,096,496$4,168,088$52,383,144
91$85,809,639$9,432,776$4,198,271$57,454,534
92$94,449,326$9,782,086$4,226,017$63,036,265
93$103,966,705$10,144,956$4,251,136$69,180,221
94$114,451,188$10,521,938$4,273,428$75,943,575
95$126,001,305$10,913,608$4,292,684$83,389,326
96$138,725,631$11,320,568$4,308,681$91,586,896
97$152,743,812$11,743,442$4,321,189$100,612,782
98$168,187,694$12,182,885$4,329,962$110,551,283
99$185,202,569$12,639,577$4,334,747$121,495,288
100$203,948,543$13,114,228$4,335,272$133,547,157