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%15.1%
1 years$189,932$188,240$186,589$184,978$183,405$179,555
2 years$94,026$92,275$90,577$88,932$87,336$83,475
3 years$62,061$60,302$58,610$56,980$55,409$51,659
4 years$46,082$44,329$42,653$41,051$39,518$35,906
5 years$36,497$34,754$33,100$31,531$30,041$26,578
6 years$30,109$28,379$26,750$25,215$23,771$20,460
7 years$25,548$23,833$22,229$20,731$19,332$16,175
8 years$22,129$20,429$18,852$17,391$16,038$13,033
9 years$19,471$17,787$16,237$14,813$13,506$10,651
10 years$17,346$15,679$14,156$12,769$11,508$8,800
11 years$15,608$13,958$12,463$11,113$9,897$7,334
12 years$14,161$12,528$11,060$9,747$8,577$6,153
13 years$12,938$11,321$9,882$8,606$7,479$5,191
14 years$11,890$10,291$8,879$7,639$6,556$4,400
15 years$10,983$9,401$8,016$6,813$5,772$3,743
16 years$10,190$8,625$7,268$6,100$5,102$3,194
17 years$9,491$7,943$6,614$5,481$4,524$2,733
18 years$8,870$7,340$6,037$4,939$4,022$2,343
19 years$8,316$6,803$5,527$4,463$3,585$2,013
20 years$7,817$6,321$5,072$4,042$3,202$1,732
21 years$7,366$5,888$4,666$3,669$2,866$1,492
22 years$6,957$5,496$4,300$3,336$2,569$1,287
23 years$6,585$5,141$3,970$3,038$2,306$1,111
24 years$6,243$4,816$3,672$2,771$2,072$960
25 years$5,930$4,520$3,401$2,530$1,865$831
26 years$5,641$4,248$3,154$2,314$1,680$719
27 years$5,374$3,998$2,929$2,118$1,514$622
28 years$5,126$3,767$2,723$1,940$1,367$539
29 years$4,896$3,554$2,534$1,779$1,234$467
30 years$4,682$3,356$2,360$1,633$1,115$405
31 years$4,482$3,173$2,200$1,500$1,008$351
32 years$4,294$3,002$2,053$1,378$912$305
33 years$4,119$2,843$1,917$1,267$825$264
34 years$3,954$2,695$1,791$1,166$747$229
35 years$3,799$2,556$1,674$1,073$677$199
36 years$3,653$2,426$1,566$989$613$173
37 years$3,515$2,304$1,466$911$556$150
38 years$3,385$2,190$1,373$840$504$130
39 years$3,261$2,082$1,286$774$457$113
40 years$3,144$1,981$1,206$714$414$98
41 years$3,034$1,886$1,131$659$376$85
42 years$2,928$1,796$1,060$608$341$74
43 years$2,828$1,711$995$561$310$64
44 years$2,733$1,631$934$518$281$56
45 years$2,642$1,555$877$479$255$48
46 years$2,555$1,484$824$442$232$42
47 years$2,473$1,416$774$408$210$37
48 years$2,393$1,352$727$377$191$32
49 years$2,318$1,291$684$349$173$28
50 years$2,246$1,233$643$322$158$24

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 $6,185 every year, while hoping to spend $41,063 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: 39/50/11 Blend
52$2,300,000$2,300,000$2,300,000$2,300,000
53$2,540,980$2,419,080$2,383,430$2,631,396
54$2,756,469$2,493,924$2,419,584$2,770,778
55$2,992,562$2,571,059$2,455,573$2,916,889
56$3,251,317$2,650,555$2,491,348$3,073,955
57$3,535,000$2,732,481$2,526,857$3,242,983
58$3,846,109$2,816,911$2,562,046$3,425,078
59$4,187,392$2,903,920$2,596,855$3,621,455
60$4,561,880$2,993,586$2,631,223$3,833,448
61$4,972,907$3,085,987$2,665,085$4,062,526
62$5,424,150$3,181,207$2,698,371$4,310,304
63$5,919,655$3,279,328$2,731,008$4,578,557
64$6,463,882$3,380,437$2,762,920$4,869,239
65$7,061,744$3,484,625$2,794,024$5,184,498
66$7,718,652$3,591,982$2,824,233$5,526,698
67$8,440,568$3,702,602$2,853,459$5,898,442
68$9,234,060$3,816,583$2,881,603$6,302,591
69$10,106,363$3,934,025$2,908,566$6,742,297
70$11,065,450$4,055,030$2,934,241$7,221,029
71$12,120,103$4,179,703$2,958,515$7,742,602
72$13,279,999$4,308,154$2,981,270$8,311,220
73$14,555,799$4,440,494$3,002,383$8,931,509
74$15,959,250$4,576,837$3,021,722$9,608,563
75$17,503,293$4,717,302$3,039,150$10,347,992
76$19,202,190$4,862,011$3,054,522$11,155,970
77$21,071,651$5,011,087$3,067,686$12,039,299
78$23,128,988$5,164,659$3,078,483$13,005,468
79$25,393,277$5,322,859$3,086,744$14,062,726
80$27,885,535$5,485,823$3,092,293$15,220,158
81$30,628,920$5,653,690$3,094,946$16,487,767
82$33,648,952$5,826,602$3,094,509$17,876,575
83$36,973,747$6,004,707$3,090,777$19,398,720
84$40,634,288$6,188,157$3,083,536$21,067,573
85$44,664,714$6,377,106$3,072,564$22,897,864
86$49,102,645$6,571,714$3,057,625$24,905,815
87$53,989,531$6,772,144$3,038,472$27,109,302
88$59,371,050$6,978,566$3,014,847$29,528,014
89$65,297,533$7,191,152$2,986,481$32,183,644
90$71,824,443$7,410,080$2,953,090$35,100,087
91$79,012,895$7,635,532$2,914,376$38,303,674
92$86,930,232$7,867,696$2,870,030$41,823,410
93$95,650,666$8,106,763$2,819,726$45,691,254
94$105,255,971$8,352,931$2,763,124$49,942,416
95$115,836,258$8,606,403$2,699,867$54,615,690
96$127,490,826$8,867,387$2,629,583$59,753,820
97$140,329,098$9,136,096$2,551,881$65,403,900
98$154,471,650$9,412,749$2,466,353$71,617,823
99$170,051,356$9,697,571$2,372,573$78,452,763
100$187,214,635$9,990,793$2,270,096$85,971,720