Can I retire at age 53 with 2,240,000?

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 $2,240,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$184,977$183,329$181,722$180,153$178,621$175,301
2 years$91,573$89,867$88,215$86,612$85,057$81,725
3 years$60,442$58,729$57,081$55,493$53,964$50,723
4 years$44,880$43,172$41,540$39,980$38,488$35,363
5 years$35,545$33,848$32,237$30,708$29,258$26,259
6 years$29,324$27,639$26,052$24,558$23,151$20,280
7 years$24,882$23,211$21,649$20,190$18,828$16,087
8 years$21,552$19,896$18,360$16,937$15,619$13,007
9 years$18,963$17,323$15,814$14,427$13,154$10,669
10 years$16,893$15,270$13,787$12,436$11,208$8,847
11 years$15,201$13,594$12,138$10,823$9,639$7,401
12 years$13,792$12,201$10,772$9,493$8,353$6,234
13 years$12,600$11,026$9,624$8,381$7,284$5,280
14 years$11,580$10,022$8,647$7,440$6,385$4,493
15 years$10,696$9,156$7,807$6,635$5,622$3,838
16 years$9,924$8,400$7,078$5,941$4,969$3,289
17 years$9,243$7,736$6,441$5,338$4,406$2,827
18 years$8,639$7,149$5,880$4,810$3,917$2,434
19 years$8,099$6,625$5,383$4,347$3,491$2,101
20 years$7,613$6,157$4,940$3,937$3,119$1,816
21 years$7,174$5,735$4,544$3,573$2,791$1,571
22 years$6,776$5,353$4,188$3,249$2,502$1,362
23 years$6,413$5,007$3,867$2,959$2,246$1,181
24 years$6,080$4,691$3,576$2,698$2,018$1,026
25 years$5,775$4,402$3,312$2,464$1,816$891
26 years$5,494$4,137$3,072$2,253$1,636$775
27 years$5,234$3,894$2,853$2,062$1,475$674
28 years$4,992$3,669$2,652$1,890$1,331$587
29 years$4,768$3,461$2,468$1,733$1,202$511
30 years$4,560$3,269$2,299$1,590$1,086$445
31 years$4,365$3,090$2,143$1,461$982$388
32 years$4,182$2,924$1,999$1,342$888$338
33 years$4,012$2,769$1,867$1,234$804$295
34 years$3,851$2,624$1,744$1,136$728$257
35 years$3,700$2,489$1,631$1,045$659$224
36 years$3,558$2,363$1,526$963$597$196
37 years$3,423$2,244$1,428$887$541$171
38 years$3,296$2,132$1,337$818$491$149
39 years$3,176$2,028$1,253$754$445$130
40 years$3,062$1,929$1,174$695$404$113
41 years$2,954$1,836$1,101$642$366$99
42 years$2,852$1,749$1,033$592$332$86
43 years$2,754$1,666$969$547$302$75
44 years$2,661$1,588$910$505$274$66
45 years$2,573$1,515$854$466$248$58
46 years$2,489$1,445$802$431$226$50
47 years$2,408$1,379$754$398$205$44
48 years$2,331$1,316$708$368$186$38
49 years$2,257$1,257$666$340$169$33
50 years$2,187$1,201$626$314$153$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,240,000, adding $2,761 every year, while hoping to spend $44,312 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: 57/29/14 Blend
52$2,240,000$2,240,000$2,240,000$2,240,000
53$2,471,328$2,352,608$2,317,888$2,603,183
54$2,676,256$2,420,738$2,348,390$2,760,897
55$2,900,601$2,490,722$2,378,428$2,927,567
56$3,146,298$2,562,602$2,407,940$3,108,154
57$3,415,475$2,636,425$2,436,862$3,303,999
58$3,710,479$2,712,235$2,465,122$3,516,580
59$4,033,891$2,790,078$2,492,647$3,747,521
60$4,388,558$2,870,001$2,519,360$3,998,613
61$4,777,612$2,952,052$2,545,179$4,271,828
62$5,204,503$3,036,278$2,570,018$4,569,334
63$5,673,035$3,122,728$2,593,786$4,893,522
64$6,187,393$3,211,450$2,616,387$5,247,022
65$6,752,191$3,302,495$2,637,719$5,632,734
66$7,372,509$3,395,912$2,657,677$6,053,847
67$8,053,944$3,491,751$2,676,149$6,513,878
68$8,802,664$3,590,064$2,693,017$7,016,698
69$9,625,460$3,690,902$2,708,158$7,566,573
70$10,529,816$3,794,315$2,721,441$8,168,199
71$11,523,978$3,900,357$2,732,729$8,826,752
72$12,617,028$4,009,079$2,741,880$9,547,932
73$13,818,973$4,120,532$2,748,741$10,338,020
74$15,140,840$4,234,769$2,753,156$11,203,934
75$16,594,775$4,351,843$2,754,956$12,153,298
76$18,194,163$4,471,804$2,753,968$13,194,507
77$19,953,751$4,594,706$2,750,009$14,336,816
78$21,889,786$4,720,598$2,742,886$15,590,418
79$24,020,170$4,849,534$2,732,399$16,966,544
80$26,364,628$4,981,562$2,718,335$18,477,569
81$28,944,894$5,116,733$2,700,474$20,137,131
82$31,784,917$5,255,096$2,678,583$21,960,251
83$34,911,083$5,396,700$2,652,420$23,963,485
84$38,352,467$5,541,592$2,621,730$26,165,074
85$42,141,106$5,689,818$2,586,246$28,585,118
86$46,312,303$5,841,422$2,545,688$31,245,764
87$50,904,954$5,996,449$2,499,766$34,171,417
88$55,961,924$6,154,939$2,448,172$37,388,969
89$61,530,441$6,316,932$2,390,586$40,928,053
90$67,662,549$6,482,465$2,326,674$44,821,324
91$74,415,597$6,651,573$2,256,085$49,104,764
92$81,852,776$6,824,289$2,178,453$53,818,023
93$90,043,722$7,000,641$2,093,394$59,004,797
94$99,065,166$7,180,657$2,000,507$64,713,233
95$109,001,662$7,364,359$1,899,373$70,996,390
96$119,946,385$7,551,765$1,789,555$77,912,738
97$132,002,005$7,742,891$1,670,594$85,526,706
98$145,281,663$7,937,746$1,542,013$93,909,297
99$159,910,033$8,136,336$1,403,310$103,138,753
100$176,024,500$8,338,660$1,253,965$113,301,296