Can I retire at age 53 with 2,250,000?

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 $2,250,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$185,803$184,148$182,533$180,957$179,418$176,156
2 years$91,982$90,269$88,608$86,999$85,437$82,162
3 years$60,712$58,991$57,335$55,741$54,205$51,019
4 years$45,080$43,365$41,726$40,158$38,659$35,588
5 years$35,704$33,999$32,381$30,845$29,388$26,439
6 years$29,455$27,762$26,168$24,667$23,254$20,431
7 years$24,993$23,315$21,746$20,280$18,912$16,215
8 years$21,648$19,985$18,442$17,013$15,689$13,118
9 years$19,048$17,401$15,884$14,491$13,212$10,766
10 years$16,969$15,338$13,848$12,491$11,258$8,934
11 years$15,269$13,654$12,192$10,871$9,682$7,478
12 years$13,853$12,255$10,820$9,536$8,390$6,303
13 years$12,657$11,075$9,667$8,418$7,316$5,342
14 years$11,632$10,067$8,686$7,473$6,414$4,549
15 years$10,744$9,197$7,842$6,665$5,647$3,889
16 years$9,968$8,438$7,110$5,967$4,991$3,335
17 years$9,285$7,771$6,470$5,362$4,425$2,868
18 years$8,677$7,181$5,906$4,832$3,935$2,472
19 years$8,135$6,655$5,407$4,366$3,507$2,134
20 years$7,647$6,184$4,962$3,954$3,133$1,846
21 years$7,206$5,760$4,564$3,589$2,803$1,599
22 years$6,806$5,377$4,207$3,263$2,513$1,387
23 years$6,441$5,029$3,884$2,972$2,256$1,204
24 years$6,108$4,712$3,592$2,710$2,027$1,046
25 years$5,801$4,422$3,327$2,475$1,824$910
26 years$5,518$4,156$3,086$2,263$1,643$792
27 years$5,257$3,911$2,865$2,072$1,482$689
28 years$5,015$3,685$2,664$1,898$1,337$600
29 years$4,790$3,477$2,479$1,741$1,207$523
30 years$4,580$3,283$2,309$1,597$1,091$456
31 years$4,384$3,104$2,152$1,467$986$398
32 years$4,201$2,937$2,008$1,348$892$347
33 years$4,029$2,781$1,875$1,240$807$303
34 years$3,868$2,636$1,752$1,141$731$264
35 years$3,716$2,500$1,638$1,050$662$231
36 years$3,574$2,373$1,532$967$600$202
37 years$3,439$2,254$1,434$891$544$176
38 years$3,311$2,142$1,343$821$493$154
39 years$3,190$2,037$1,258$757$447$134
40 years$3,076$1,938$1,179$699$405$117
41 years$2,968$1,845$1,106$644$368$102
42 years$2,865$1,757$1,037$595$334$90
43 years$2,767$1,674$973$549$303$78
44 years$2,673$1,596$914$507$275$68
45 years$2,584$1,522$858$468$250$60
46 years$2,500$1,451$806$432$227$52
47 years$2,419$1,385$757$400$206$46
48 years$2,341$1,322$711$369$187$40
49 years$2,268$1,263$669$341$170$35
50 years$2,197$1,206$629$315$154$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,250,000, adding $2,590 every year, while hoping to spend $58,905 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: 60/28/12 Blend
52$2,250,000$2,250,000$2,250,000$2,250,000
53$2,482,172$2,362,922$2,328,047$2,623,763
54$2,672,679$2,416,030$2,343,362$2,772,383
55$2,880,643$2,469,767$2,357,216$2,927,546
56$3,107,784$2,524,100$2,369,497$3,095,374
57$3,355,992$2,578,996$2,380,090$3,277,093
58$3,627,350$2,634,414$2,388,870$3,474,053
59$3,924,153$2,690,313$2,395,710$3,687,742
60$4,248,923$2,746,645$2,400,473$3,919,799
61$4,604,443$2,803,360$2,403,018$4,172,030
62$4,993,772$2,860,401$2,403,195$4,446,424
63$5,420,283$2,917,706$2,400,848$4,745,173
64$5,887,688$2,975,210$2,395,813$5,070,693
65$6,400,076$3,032,839$2,387,917$5,425,644
66$6,961,950$3,090,515$2,376,979$5,812,959
67$7,578,272$3,148,153$2,362,810$6,235,869
68$8,254,504$3,205,661$2,345,212$6,697,935
69$8,996,664$3,262,939$2,323,977$7,203,082
70$9,811,380$3,319,879$2,298,887$7,755,634
71$10,705,954$3,376,367$2,269,714$8,360,356
72$11,688,431$3,432,278$2,236,218$9,022,501
73$12,767,670$3,487,479$2,198,150$9,747,859
74$13,953,432$3,541,825$2,155,248$10,542,808
75$15,256,471$3,595,163$2,107,238$11,414,379
76$16,688,633$3,647,329$2,053,833$12,370,322
77$18,262,970$3,698,144$1,994,733$13,419,178
78$19,993,861$3,747,421$1,929,624$14,570,360
79$21,897,146$3,794,956$1,858,177$15,834,241
80$23,990,279$3,840,533$1,780,051$17,222,257
81$26,292,491$3,883,922$1,694,886$18,747,011
82$28,824,967$3,924,876$1,602,306$20,422,391
83$31,611,050$3,963,132$1,501,920$22,263,707
84$34,676,461$3,998,410$1,393,319$24,287,833
85$38,049,538$4,030,410$1,276,073$26,513,365
86$41,761,506$4,058,815$1,149,736$28,960,801
87$45,846,768$4,083,285$1,013,841$31,652,730
88$50,343,233$4,103,460$867,899$34,614,053
89$55,292,670$4,118,957$711,401$37,872,211
90$60,741,104$4,129,368$543,815$41,457,451
91$66,739,249$4,134,259$364,585$45,403,109
92$73,342,985$4,133,171$173,131$49,745,926
93$80,613,887$4,125,613$0$54,526,398
94$88,619,803$4,111,068$0$59,793,148
95$97,435,496$4,088,983$0$65,615,290
96$107,143,349$4,058,776$0$72,024,932
97$117,834,140$4,019,826$0$79,081,915
98$129,607,900$3,971,475$0$86,852,186
99$142,574,856$3,913,027$0$95,408,422
100$156,856,471$3,843,745$0$104,830,716