Can I retire at age 53 with 2,260,000?

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 $2,260,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$186,629$184,966$183,344$181,761$180,216$175,220
2 years$92,390$90,670$89,002$87,385$85,817$80,821
3 years$60,982$59,254$57,590$55,989$54,446$49,606
4 years$45,281$43,558$41,911$40,337$38,831$34,185
5 years$35,862$34,150$32,525$30,982$29,519$25,079
6 years$29,585$27,886$26,285$24,777$23,357$19,128
7 years$25,104$23,419$21,843$20,370$18,996$14,977
8 years$21,744$20,074$18,524$17,088$15,759$11,948
9 years$19,132$17,478$15,955$14,555$13,271$9,665
10 years$17,044$15,406$13,910$12,547$11,308$7,902
11 years$15,337$13,715$12,246$10,920$9,725$6,514
12 years$13,915$12,310$10,868$9,578$8,427$5,405
13 years$12,713$11,125$9,710$8,456$7,349$4,508
14 years$11,683$10,112$8,724$7,506$6,442$3,777
15 years$10,792$9,237$7,877$6,694$5,672$3,175
16 years$10,013$8,475$7,142$5,994$5,013$2,677
17 years$9,326$7,805$6,499$5,385$4,445$2,262
18 years$8,716$7,212$5,932$4,853$3,952$1,916
19 years$8,171$6,684$5,431$4,385$3,523$1,625
20 years$7,681$6,211$4,984$3,972$3,146$1,380
21 years$7,238$5,786$4,584$3,605$2,816$1,174
22 years$6,836$5,401$4,225$3,278$2,524$999
23 years$6,470$5,051$3,901$2,985$2,266$851
24 years$6,135$4,733$3,608$2,722$2,036$726
25 years$5,827$4,441$3,342$2,486$1,832$619
26 years$5,543$4,174$3,099$2,273$1,651$529
27 years$5,280$3,928$2,878$2,081$1,488$451
28 years$5,037$3,702$2,675$1,906$1,343$386
29 years$4,811$3,492$2,490$1,748$1,213$330
30 years$4,600$3,298$2,319$1,604$1,096$282
31 years$4,404$3,118$2,162$1,474$991$241
32 years$4,220$2,950$2,017$1,354$896$206
33 years$4,047$2,794$1,883$1,245$811$176
34 years$3,885$2,648$1,760$1,146$734$151
35 years$3,733$2,511$1,645$1,055$665$129
36 years$3,589$2,384$1,539$971$602$110
37 years$3,454$2,264$1,441$895$546$94
38 years$3,326$2,152$1,349$825$495$81
39 years$3,205$2,046$1,264$761$449$69
40 years$3,090$1,946$1,185$702$407$59
41 years$2,981$1,853$1,111$647$369$51
42 years$2,877$1,765$1,042$597$335$43
43 years$2,779$1,681$978$551$304$37
44 years$2,685$1,603$918$509$276$32
45 years$2,596$1,528$862$470$251$27
46 years$2,511$1,458$809$434$228$23
47 years$2,430$1,391$760$401$207$20
48 years$2,352$1,328$715$371$188$17
49 years$2,278$1,268$672$343$170$15
50 years$2,207$1,212$631$317$155$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,260,000, adding $3,554 every year, while hoping to spend $35,712 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: 38/48/14 Blend
52$2,260,000$2,260,000$2,260,000$2,260,000
53$2,494,186$2,374,406$2,339,376$2,578,265
54$2,710,596$2,452,755$2,379,748$2,716,970
55$2,947,882$2,533,745$2,420,275$2,863,061
56$3,208,137$2,617,470$2,460,925$3,020,167
57$3,493,665$2,704,024$2,501,664$3,189,296
58$3,807,003$2,793,505$2,542,454$3,371,555
59$4,150,946$2,886,016$2,583,255$3,568,160
60$4,528,574$2,981,662$2,624,026$3,780,447
61$4,943,278$3,080,553$2,664,720$4,009,887
62$5,398,795$3,182,803$2,705,291$4,258,094
63$5,899,241$3,288,528$2,745,687$4,526,843
64$6,449,150$3,397,853$2,785,853$4,818,088
65$7,053,517$3,510,901$2,825,734$5,133,975
66$7,717,846$3,627,806$2,865,266$5,476,866
67$8,448,201$3,748,703$2,904,387$5,849,359
68$9,251,260$3,873,732$2,943,026$6,254,314
69$10,134,383$4,003,040$2,981,113$6,694,874
70$11,105,680$4,136,778$3,018,569$7,174,501
71$12,174,082$4,275,103$3,055,314$7,697,003
72$13,349,434$4,418,178$3,091,263$8,266,572
73$14,642,580$4,566,173$3,126,323$8,887,821
74$16,065,469$4,719,261$3,160,401$9,565,828
75$17,631,267$4,877,625$3,193,395$10,306,184
76$19,354,481$5,041,453$3,225,198$11,115,043
77$21,251,094$5,210,941$3,255,699$11,999,182
78$23,338,720$5,386,291$3,284,779$12,966,059
79$25,636,764$5,567,714$3,312,313$14,023,891
80$28,166,609$5,755,427$3,338,171$15,181,721
81$30,951,818$5,949,658$3,362,215$16,449,513
82$34,018,353$6,150,641$3,384,298$17,838,234
83$37,394,822$6,358,619$3,404,269$19,359,966
84$41,112,748$6,573,846$3,421,967$21,028,014
85$45,206,869$6,796,585$3,437,223$22,857,032
86$49,715,459$7,027,107$3,449,860$24,863,160
87$54,680,696$7,265,696$3,459,691$27,064,176
88$60,149,057$7,512,645$3,466,520$29,479,661
89$66,171,755$7,768,258$3,470,142$32,131,187
90$72,805,224$8,032,853$3,470,342$35,042,513
91$80,111,651$8,306,757$3,466,893$38,239,815
92$88,159,563$8,590,312$3,459,558$41,751,925
93$97,024,473$8,883,872$3,448,087$45,610,609
94$106,789,592$9,187,804$3,432,220$49,850,859
95$117,546,614$9,502,490$3,411,684$54,511,226
96$129,396,583$9,828,327$3,386,190$59,634,182
97$142,450,847$10,165,727$3,355,439$65,266,518
98$156,832,103$10,515,117$3,319,116$71,459,787
99$172,675,562$10,876,943$3,276,892$78,270,784
100$190,130,222$11,251,665$3,228,420$85,762,088