Can I retire at age 53 with 2,300,000?

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 $2,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$189,932$188,240$186,589$184,978$183,405$177,039
2 years$94,026$92,275$90,577$88,932$87,336$80,988
3 years$62,061$60,302$58,610$56,980$55,409$49,279
4 years$46,082$44,329$42,653$41,051$39,518$33,652
5 years$36,497$34,754$33,100$31,531$30,041$24,455
6 years$30,109$28,379$26,750$25,215$23,771$18,469
7 years$25,548$23,833$22,229$20,731$19,332$14,313
8 years$22,129$20,429$18,852$17,391$16,038$11,298
9 years$19,471$17,787$16,237$14,813$13,506$9,040
10 years$17,346$15,679$14,156$12,769$11,508$7,308
11 years$15,608$13,958$12,463$11,113$9,897$5,954
12 years$14,161$12,528$11,060$9,747$8,577$4,882
13 years$12,938$11,321$9,882$8,606$7,479$4,023
14 years$11,890$10,291$8,879$7,639$6,556$3,328
15 years$10,983$9,401$8,016$6,813$5,772$2,762
16 years$10,190$8,625$7,268$6,100$5,102$2,299
17 years$9,491$7,943$6,614$5,481$4,524$1,917
18 years$8,870$7,340$6,037$4,939$4,022$1,602
19 years$8,316$6,803$5,527$4,463$3,585$1,341
20 years$7,817$6,321$5,072$4,042$3,202$1,123
21 years$7,366$5,888$4,666$3,669$2,866$942
22 years$6,957$5,496$4,300$3,336$2,569$791
23 years$6,585$5,141$3,970$3,038$2,306$664
24 years$6,243$4,816$3,672$2,771$2,072$558
25 years$5,930$4,520$3,401$2,530$1,865$469
26 years$5,641$4,248$3,154$2,314$1,680$395
27 years$5,374$3,998$2,929$2,118$1,514$332
28 years$5,126$3,767$2,723$1,940$1,367$280
29 years$4,896$3,554$2,534$1,779$1,234$236
30 years$4,682$3,356$2,360$1,633$1,115$198
31 years$4,482$3,173$2,200$1,500$1,008$167
32 years$4,294$3,002$2,053$1,378$912$141
33 years$4,119$2,843$1,917$1,267$825$119
34 years$3,954$2,695$1,791$1,166$747$100
35 years$3,799$2,556$1,674$1,073$677$84
36 years$3,653$2,426$1,566$989$613$71
37 years$3,515$2,304$1,466$911$556$60
38 years$3,385$2,190$1,373$840$504$50
39 years$3,261$2,082$1,286$774$457$43
40 years$3,144$1,981$1,206$714$414$36
41 years$3,034$1,886$1,131$659$376$30
42 years$2,928$1,796$1,060$608$341$25
43 years$2,828$1,711$995$561$310$21
44 years$2,733$1,631$934$518$281$18
45 years$2,642$1,555$877$479$255$15
46 years$2,555$1,484$824$442$232$13
47 years$2,473$1,416$774$408$210$11
48 years$2,393$1,352$727$377$191$9
49 years$2,318$1,291$684$349$173$8
50 years$2,246$1,233$643$322$158$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,300,000, adding $3,302 every year, while hoping to spend $23,197 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: 45/50/5 Blend
52$2,300,000$2,300,000$2,300,000$2,300,000
53$2,538,006$2,416,106$2,380,456$2,648,609
54$2,772,201$2,509,814$2,435,520$2,818,766
55$3,029,507$2,607,336$2,491,651$3,000,471
56$3,312,256$2,708,834$2,548,860$3,196,936
57$3,623,018$2,814,479$2,607,159$3,409,526
58$3,964,624$2,924,447$2,666,558$3,639,738
59$4,340,194$3,038,924$2,727,066$3,889,216
60$4,753,165$3,158,102$2,788,693$4,159,767
61$5,207,322$3,282,183$2,851,448$4,453,375
62$5,706,837$3,411,378$2,915,340$4,772,218
63$6,256,306$3,545,907$2,980,376$5,118,693
64$6,860,793$3,686,001$3,046,562$5,495,432
65$7,525,878$3,831,899$3,113,906$5,905,327
66$8,257,708$3,983,852$3,182,412$6,351,560
67$9,063,056$4,142,123$3,252,085$6,837,627
68$9,949,386$4,306,986$3,322,929$7,367,373
69$10,924,922$4,478,726$3,394,946$7,945,027
70$11,998,725$4,657,645$3,468,137$8,575,240
71$13,180,779$4,844,053$3,542,503$9,263,126
72$14,482,084$5,038,278$3,618,043$10,014,313
73$15,914,764$5,240,661$3,694,755$10,834,992
74$17,492,177$5,451,559$3,772,636$11,731,972
75$19,229,039$5,671,346$3,851,679$12,712,749
76$21,141,570$5,900,411$3,931,880$13,785,570
77$23,247,641$6,139,163$4,013,229$14,959,510
78$25,566,945$6,388,026$4,095,716$16,244,559
79$28,121,182$6,647,447$4,179,331$17,651,710
80$30,934,262$6,917,892$4,264,058$19,193,064
81$34,032,535$7,199,847$4,349,882$20,881,944
82$37,445,036$7,493,821$4,436,786$22,733,013
83$41,203,759$7,800,348$4,524,747$24,762,416
84$45,343,961$8,119,984$4,613,745$26,987,927
85$49,904,491$8,453,310$4,703,752$29,429,117
86$54,928,163$8,800,935$4,794,741$32,107,534
87$60,462,152$9,163,497$4,886,681$35,046,905
88$66,558,444$9,541,661$4,979,538$38,273,358
89$73,274,326$9,936,124$5,073,273$41,815,664
90$80,672,926$10,347,613$5,167,847$45,705,508
91$88,823,809$10,776,890$5,263,214$49,977,787
92$97,803,633$11,224,753$5,359,327$54,670,928
93$107,696,872$11,692,034$5,456,133$59,827,259
94$118,596,615$12,179,606$5,553,576$65,493,397
95$130,605,445$12,688,381$5,651,595$71,720,687
96$143,836,402$13,219,314$5,750,125$78,565,684
97$158,414,056$13,773,402$5,849,096$86,090,682
98$174,475,681$14,351,690$5,948,432$94,364,300
99$192,172,548$14,955,270$6,048,052$103,462,122
100$211,671,357$15,585,288$6,147,871$113,467,409