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

Use the below retirement simulation to view the chances of a successful retirement.
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%17.4%
1 years$194,061$192,332$190,646$189,000$187,392$181,758
2 years$96,070$94,280$92,546$90,865$89,234$83,605
3 years$63,410$61,613$59,884$58,218$56,614$51,167
4 years$47,084$45,292$43,580$41,943$40,378$35,154
5 years$37,290$35,510$33,820$32,216$30,694$25,708
6 years$30,764$28,996$27,331$25,764$24,287$19,543
7 years$26,103$24,351$22,713$21,182$19,752$15,250
8 years$22,610$20,873$19,262$17,769$16,386$12,123
9 years$19,894$18,174$16,590$15,135$13,800$9,771
10 years$17,723$16,020$14,464$13,047$11,758$7,959
11 years$15,948$14,261$12,734$11,354$10,112$6,535
12 years$14,469$12,800$11,301$9,959$8,763$5,401
13 years$13,219$11,568$10,097$8,793$7,642$4,487
14 years$12,149$10,515$9,072$7,805$6,699$3,743
15 years$11,222$9,605$8,191$6,961$5,898$3,134
16 years$10,411$8,813$7,426$6,233$5,213$2,631
17 years$9,697$8,116$6,757$5,600$4,622$2,213
18 years$9,063$7,500$6,169$5,047$4,110$1,866
19 years$8,496$6,951$5,647$4,560$3,663$1,576
20 years$7,987$6,459$5,183$4,130$3,272$1,332
21 years$7,527$6,016$4,767$3,748$2,928$1,128
22 years$7,109$5,616$4,394$3,408$2,624$956
23 years$6,728$5,252$4,057$3,104$2,356$810
24 years$6,379$4,921$3,752$2,831$2,117$688
25 years$6,059$4,618$3,475$2,585$1,905$584
26 years$5,763$4,340$3,223$2,364$1,716$496
27 years$5,491$4,085$2,993$2,164$1,547$421
28 years$5,238$3,849$2,782$1,982$1,396$358
29 years$5,003$3,631$2,589$1,818$1,261$305
30 years$4,784$3,429$2,411$1,668$1,139$259
31 years$4,579$3,242$2,248$1,532$1,030$220
32 years$4,388$3,067$2,098$1,408$932$188
33 years$4,209$2,905$1,958$1,295$843$160
34 years$4,040$2,753$1,830$1,191$763$136
35 years$3,882$2,611$1,711$1,097$691$116
36 years$3,732$2,479$1,600$1,010$626$98
37 years$3,591$2,354$1,498$931$568$84
38 years$3,458$2,237$1,403$858$515$71
39 years$3,332$2,127$1,314$791$467$61
40 years$3,213$2,024$1,232$730$423$52
41 years$3,100$1,927$1,155$673$384$44
42 years$2,992$1,835$1,084$621$349$38
43 years$2,890$1,748$1,017$573$316$32
44 years$2,792$1,666$954$529$287$27
45 years$2,699$1,589$896$489$261$23
46 years$2,611$1,516$842$452$237$20
47 years$2,526$1,447$791$417$215$17
48 years$2,446$1,381$743$386$195$14
49 years$2,368$1,319$698$356$177$12
50 years$2,294$1,260$657$329$161$10

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 $6,766 every year, while hoping to spend $35,901 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: 27/46/27 Blend
52$2,350,000$2,350,000$2,350,000$2,350,000
53$2,596,679$2,472,129$2,435,704$2,644,776
54$2,823,342$2,555,065$2,479,102$2,767,018
55$3,071,921$2,640,862$2,522,750$2,894,631
56$3,344,614$2,729,621$2,566,619$3,030,913
57$3,643,842$2,821,449$2,610,678$3,176,626
58$3,972,270$2,916,457$2,654,892$3,332,608
59$4,332,836$3,014,757$2,699,225$3,499,776
60$4,728,775$3,116,470$2,743,639$3,679,140
61$5,163,649$3,221,717$2,788,090$3,871,808
62$5,641,386$3,330,625$2,832,536$4,078,998
63$6,166,311$3,443,329$2,876,929$4,302,046
64$6,743,186$3,559,964$2,921,218$4,542,424
65$7,377,263$3,680,673$2,965,350$4,801,746
66$8,074,322$3,805,605$3,009,268$5,081,789
67$8,840,736$3,934,913$3,052,912$5,384,505
68$9,683,523$4,068,756$3,096,216$5,712,043
69$10,610,418$4,207,300$3,139,114$6,066,765
70$11,629,939$4,350,716$3,181,534$6,451,267
71$12,751,475$4,499,184$3,223,397$6,868,409
72$13,985,370$4,652,888$3,264,625$7,321,336
73$15,343,018$4,812,020$3,305,131$7,813,506
74$16,836,978$4,976,781$3,344,825$8,348,727
75$18,481,085$5,147,378$3,383,611$8,931,189
76$20,290,582$5,324,026$3,421,389$9,565,505
77$22,282,267$5,506,950$3,458,052$10,256,751
78$24,474,649$5,696,381$3,493,487$11,010,513
79$26,888,121$5,892,562$3,527,577$11,832,945
80$29,545,155$6,095,742$3,560,195$12,730,818
81$32,470,511$6,306,184$3,591,212$13,711,589
82$35,691,473$6,524,157$3,620,488$14,783,469
83$39,238,106$6,749,943$3,647,877$15,955,497
84$43,143,538$6,983,836$3,673,226$17,237,630
85$47,444,273$7,226,138$3,696,373$18,640,831
86$52,180,536$7,477,165$3,717,149$20,177,173
87$57,396,651$7,737,247$3,735,374$21,859,953
88$63,141,462$8,006,725$3,750,861$23,703,818
89$69,468,790$8,285,953$3,763,414$25,724,896
90$76,437,942$8,575,301$3,772,824$27,940,956
91$84,114,273$8,875,151$3,778,875$30,371,567
92$92,569,799$9,185,904$3,781,337$33,038,287
93$101,883,879$9,507,973$3,779,972$35,964,860
94$112,143,962$9,841,791$3,774,528$39,177,444
95$123,446,412$10,187,805$3,764,741$42,704,856
96$135,897,422$10,546,483$3,750,336$46,578,840
97$149,614,007$10,918,310$3,731,021$50,834,366
98$164,725,119$11,303,789$3,706,493$55,509,961
99$181,372,854$11,703,448$3,676,433$60,648,070
100$199,713,800$12,117,832$3,640,508$66,295,454