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%11.6%
1 years$194,061$192,332$190,646$189,000$187,392$186,133
2 years$96,070$94,280$92,546$90,865$89,234$87,965
3 years$63,410$61,613$59,884$58,218$56,614$55,373
4 years$47,084$45,292$43,580$41,943$40,378$39,175
5 years$37,290$35,510$33,820$32,216$30,694$29,533
6 years$30,764$28,996$27,331$25,764$24,287$23,169
7 years$26,103$24,351$22,713$21,182$19,752$18,678
8 years$22,610$20,873$19,262$17,769$16,386$15,356
9 years$19,894$18,174$16,590$15,135$13,800$12,812
10 years$17,723$16,020$14,464$13,047$11,758$10,814
11 years$15,948$14,261$12,734$11,354$10,112$9,210
12 years$14,469$12,800$11,301$9,959$8,763$7,902
13 years$13,219$11,568$10,097$8,793$7,642$6,822
14 years$12,149$10,515$9,072$7,805$6,699$5,918
15 years$11,222$9,605$8,191$6,961$5,898$5,156
16 years$10,411$8,813$7,426$6,233$5,213$4,508
17 years$9,697$8,116$6,757$5,600$4,622$3,954
18 years$9,063$7,500$6,169$5,047$4,110$3,477
19 years$8,496$6,951$5,647$4,560$3,663$3,064
20 years$7,987$6,459$5,183$4,130$3,272$2,706
21 years$7,527$6,016$4,767$3,748$2,928$2,393
22 years$7,109$5,616$4,394$3,408$2,624$2,120
23 years$6,728$5,252$4,057$3,104$2,356$1,880
24 years$6,379$4,921$3,752$2,831$2,117$1,670
25 years$6,059$4,618$3,475$2,585$1,905$1,484
26 years$5,763$4,340$3,223$2,364$1,716$1,321
27 years$5,491$4,085$2,993$2,164$1,547$1,176
28 years$5,238$3,849$2,782$1,982$1,396$1,048
29 years$5,003$3,631$2,589$1,818$1,261$934
30 years$4,784$3,429$2,411$1,668$1,139$833
31 years$4,579$3,242$2,248$1,532$1,030$744
32 years$4,388$3,067$2,098$1,408$932$664
33 years$4,209$2,905$1,958$1,295$843$593
34 years$4,040$2,753$1,830$1,191$763$530
35 years$3,882$2,611$1,711$1,097$691$474
36 years$3,732$2,479$1,600$1,010$626$423
37 years$3,591$2,354$1,498$931$568$379
38 years$3,458$2,237$1,403$858$515$339
39 years$3,332$2,127$1,314$791$467$303
40 years$3,213$2,024$1,232$730$423$271
41 years$3,100$1,927$1,155$673$384$243
42 years$2,992$1,835$1,084$621$349$217
43 years$2,890$1,748$1,017$573$316$194
44 years$2,792$1,666$954$529$287$174
45 years$2,699$1,589$896$489$261$156
46 years$2,611$1,516$842$452$237$139
47 years$2,526$1,447$791$417$215$125
48 years$2,446$1,381$743$386$195$112
49 years$2,368$1,319$698$356$177$100
50 years$2,294$1,260$657$329$161$90

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 $4,428 every year, while hoping to spend $50,540 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: 83/5/12 Blend
52$2,350,000$2,350,000$2,350,000$2,350,000
53$2,594,267$2,469,717$2,433,292$2,803,770
54$2,805,109$2,536,959$2,461,034$3,008,902
55$3,035,762$2,605,802$2,488,010$3,226,982
56$3,288,194$2,676,271$2,514,143$3,464,968
57$3,564,572$2,748,391$2,539,349$3,724,833
58$3,867,282$2,822,186$2,563,541$4,008,750
59$4,198,950$2,897,679$2,586,625$4,319,111
60$4,562,471$2,974,893$2,608,505$4,658,552
61$4,961,031$3,053,850$2,629,077$5,029,977
62$5,398,139$3,134,571$2,648,234$5,436,584
63$5,877,661$3,217,077$2,665,862$5,881,895
64$6,403,855$3,301,386$2,681,841$6,369,792
65$6,981,411$3,387,517$2,696,046$6,904,549
66$7,615,495$3,475,486$2,708,343$7,490,876
67$8,311,798$3,565,307$2,718,596$8,133,964
68$9,076,589$3,656,995$2,726,656$8,839,527
69$9,916,774$3,750,560$2,732,372$9,613,865
70$10,839,960$3,846,013$2,735,582$10,463,917
71$11,854,529$3,943,361$2,736,117$11,397,329
72$12,969,714$4,042,609$2,733,800$12,422,524
73$14,195,688$4,143,760$2,728,446$13,548,784
74$15,543,658$4,246,814$2,719,858$14,786,337
75$17,025,971$4,351,768$2,707,833$16,146,450
76$18,656,231$4,458,615$2,692,157$17,641,539
77$20,449,427$4,567,347$2,672,604$19,285,287
78$22,422,071$4,677,950$2,648,939$21,092,767
79$24,592,360$4,790,407$2,620,915$23,080,591
80$26,980,339$4,904,696$2,588,275$25,267,062
81$29,608,099$5,020,791$2,550,748$27,672,350
82$32,499,977$5,138,662$2,508,050$30,318,678
83$35,682,790$5,258,272$2,459,885$33,230,538
84$39,186,086$5,379,579$2,405,942$36,434,915
85$43,042,423$5,502,534$2,345,898$39,961,546
86$47,287,677$5,627,085$2,279,411$43,843,200
87$51,961,376$5,753,168$2,206,128$48,115,987
88$57,107,079$5,880,716$2,125,676$52,819,697
89$62,772,781$6,009,651$2,037,666$57,998,179
90$69,011,370$6,139,889$1,941,693$63,699,752
91$75,881,121$6,271,335$1,837,331$69,977,662
92$83,446,250$6,403,886$1,724,137$76,890,583
93$91,777,519$6,537,427$1,601,646$84,503,176
94$100,952,898$6,671,833$1,469,374$92,886,691
95$111,058,310$6,806,969$1,326,814$102,119,648
96$122,188,433$6,942,686$1,173,437$112,288,573
97$134,447,596$7,078,821$1,008,691$123,488,816
98$147,950,766$7,215,198$831,997$135,825,451
99$162,824,630$7,351,628$642,755$149,414,269
100$179,208,788$7,487,904$440,333$164,382,870