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%14.3%
1 years$194,061$192,332$190,646$189,000$187,392$184,061
2 years$96,070$94,280$92,546$90,865$89,234$85,889
3 years$63,410$61,613$59,884$58,218$56,614$53,359
4 years$47,084$45,292$43,580$41,943$40,378$37,239
5 years$37,290$35,510$33,820$32,216$30,694$27,680
6 years$30,764$28,996$27,331$25,764$24,287$21,401
7 years$26,103$24,351$22,713$21,182$19,752$16,995
8 years$22,610$20,873$19,262$17,769$16,386$13,757
9 years$19,894$18,174$16,590$15,135$13,800$11,297
10 years$17,723$16,020$14,464$13,047$11,758$9,380
11 years$15,948$14,261$12,734$11,354$10,112$7,856
12 years$14,469$12,800$11,301$9,959$8,763$6,626
13 years$13,219$11,568$10,097$8,793$7,642$5,620
14 years$12,149$10,515$9,072$7,805$6,699$4,789
15 years$11,222$9,605$8,191$6,961$5,898$4,097
16 years$10,411$8,813$7,426$6,233$5,213$3,516
17 years$9,697$8,116$6,757$5,600$4,622$3,025
18 years$9,063$7,500$6,169$5,047$4,110$2,609
19 years$8,496$6,951$5,647$4,560$3,663$2,255
20 years$7,987$6,459$5,183$4,130$3,272$1,952
21 years$7,527$6,016$4,767$3,748$2,928$1,692
22 years$7,109$5,616$4,394$3,408$2,624$1,468
23 years$6,728$5,252$4,057$3,104$2,356$1,276
24 years$6,379$4,921$3,752$2,831$2,117$1,109
25 years$6,059$4,618$3,475$2,585$1,905$966
26 years$5,763$4,340$3,223$2,364$1,716$841
27 years$5,491$4,085$2,993$2,164$1,547$733
28 years$5,238$3,849$2,782$1,982$1,396$639
29 years$5,003$3,631$2,589$1,818$1,261$557
30 years$4,784$3,429$2,411$1,668$1,139$486
31 years$4,579$3,242$2,248$1,532$1,030$424
32 years$4,388$3,067$2,098$1,408$932$371
33 years$4,209$2,905$1,958$1,295$843$324
34 years$4,040$2,753$1,830$1,191$763$283
35 years$3,882$2,611$1,711$1,097$691$247
36 years$3,732$2,479$1,600$1,010$626$216
37 years$3,591$2,354$1,498$931$568$189
38 years$3,458$2,237$1,403$858$515$165
39 years$3,332$2,127$1,314$791$467$144
40 years$3,213$2,024$1,232$730$423$126
41 years$3,100$1,927$1,155$673$384$110
42 years$2,992$1,835$1,084$621$349$96
43 years$2,890$1,748$1,017$573$316$84
44 years$2,792$1,666$954$529$287$74
45 years$2,699$1,589$896$489$261$64
46 years$2,611$1,516$842$452$237$56
47 years$2,526$1,447$791$417$215$49
48 years$2,446$1,381$743$386$195$43
49 years$2,368$1,319$698$356$177$38
50 years$2,294$1,260$657$329$161$33

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 $3,637 every year, while hoping to spend $39,461 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: 24/50/26 Blend
52$2,350,000$2,350,000$2,350,000$2,350,000
53$2,593,452$2,468,902$2,432,477$2,634,269
54$2,815,997$2,547,892$2,471,978$2,747,812
55$3,059,920$2,629,429$2,511,481$2,865,782
56$3,327,359$2,713,599$2,550,942$2,991,343
57$3,620,670$2,800,485$2,590,319$3,125,152
58$3,942,446$2,890,177$2,629,563$3,267,928
59$4,295,547$2,982,766$2,668,624$3,420,462
60$4,683,119$3,078,349$2,707,450$3,583,622
61$5,108,631$3,177,021$2,745,983$3,758,361
62$5,575,902$3,278,886$2,784,164$3,945,727
63$6,089,139$3,384,046$2,821,928$4,146,870
64$6,652,978$3,492,611$2,859,210$4,363,056
65$7,272,525$3,604,693$2,895,937$4,595,673
66$7,953,406$3,720,406$2,932,034$4,846,251
67$8,701,818$3,839,870$2,967,421$5,116,469
68$9,524,588$3,963,209$3,002,015$5,408,177
69$10,429,239$4,090,549$3,035,726$5,723,405
70$11,424,059$4,222,023$3,068,460$6,064,391
71$12,518,178$4,357,768$3,100,118$6,433,593
72$13,721,657$4,497,922$3,130,596$6,833,720
73$15,045,578$4,642,634$3,159,784$7,267,748
74$16,502,156$4,792,051$3,187,566$7,738,956
75$18,104,846$4,946,331$3,213,819$8,250,951
76$19,868,473$5,105,634$3,238,414$8,807,705
77$21,809,373$5,270,127$3,261,217$9,413,589
78$23,945,546$5,439,980$3,282,085$10,073,415
79$26,296,825$5,615,372$3,300,868$10,792,483
80$28,885,062$5,796,487$3,317,409$11,576,624
81$31,734,338$5,983,513$3,331,541$12,432,265
82$34,871,184$6,176,649$3,343,091$13,366,477
83$38,324,836$6,376,097$3,351,877$14,387,052
84$42,127,510$6,582,066$3,357,705$15,502,568
85$46,314,704$6,794,775$3,360,375$16,722,474
86$50,925,532$7,014,447$3,359,676$18,057,175
87$56,003,096$7,241,315$3,355,385$19,518,135
88$61,594,892$7,475,619$3,347,270$21,117,977
89$67,753,254$7,717,607$3,335,087$22,870,609
90$74,535,853$7,967,537$3,318,580$24,791,349
91$82,006,238$8,225,675$3,297,480$26,897,073
92$90,234,435$8,492,294$3,271,507$29,206,370
93$99,297,611$8,767,680$3,240,366$31,739,718
94$109,280,798$9,052,127$3,203,749$34,519,680
95$120,277,697$9,345,938$3,161,332$37,571,110
96$132,391,563$9,649,430$3,112,777$40,921,392
97$145,736,177$9,962,927$3,057,730$44,600,694
98$160,436,924$10,286,767$2,995,821$48,642,255
99$176,631,969$10,621,298$2,926,660$53,082,697
100$194,473,570$10,966,882$2,849,843$57,962,368