Can I retire at age 53 with 2,310,000?

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 $2,310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$190,758$189,058$187,401$185,783$184,203$177,034
2 years$94,434$92,676$90,971$89,319$87,716$80,580
3 years$62,331$60,565$58,864$57,227$55,650$48,772
4 years$46,282$44,521$42,838$41,229$39,690$33,122
5 years$36,656$34,905$33,244$31,668$30,172$23,931
6 years$30,240$28,503$26,866$25,325$23,874$17,964
7 years$25,659$23,937$22,326$20,821$19,416$13,834
8 years$22,225$20,518$18,934$17,466$16,107$10,849
9 years$19,556$17,865$16,308$14,877$13,565$8,622
10 years$17,421$15,747$14,218$12,824$11,558$6,922
11 years$15,676$14,019$12,517$11,161$9,940$5,600
12 years$14,223$12,582$11,109$9,790$8,614$4,558
13 years$12,994$11,371$9,925$8,643$7,512$3,727
14 years$11,942$10,336$8,917$7,672$6,585$3,060
15 years$11,031$9,442$8,051$6,842$5,798$2,520
16 years$10,234$8,663$7,300$6,127$5,124$2,081
17 years$9,532$7,978$6,642$5,505$4,543$1,721
18 years$8,909$7,372$6,064$4,961$4,040$1,426
19 years$8,352$6,832$5,551$4,482$3,601$1,184
20 years$7,851$6,349$5,094$4,060$3,216$983
21 years$7,398$5,914$4,686$3,684$2,878$818
22 years$6,988$5,520$4,319$3,350$2,580$681
23 years$6,613$5,163$3,988$3,051$2,316$567
24 years$6,270$4,837$3,688$2,783$2,081$472
25 years$5,956$4,540$3,416$2,541$1,873$394
26 years$5,665$4,267$3,168$2,324$1,687$328
27 years$5,397$4,015$2,942$2,127$1,521$274
28 years$5,148$3,784$2,735$1,949$1,372$228
29 years$4,917$3,569$2,545$1,787$1,239$191
30 years$4,702$3,371$2,370$1,640$1,120$159
31 years$4,501$3,187$2,210$1,506$1,012$133
32 years$4,313$3,015$2,062$1,384$916$111
33 years$4,137$2,855$1,925$1,273$829$93
34 years$3,971$2,706$1,799$1,171$750$77
35 years$3,816$2,567$1,682$1,078$680$65
36 years$3,669$2,436$1,573$993$616$54
37 years$3,530$2,314$1,472$915$558$45
38 years$3,399$2,199$1,379$843$506$38
39 years$3,276$2,091$1,292$778$459$31
40 years$3,158$1,990$1,211$717$416$26
41 years$3,047$1,894$1,135$662$378$22
42 years$2,941$1,804$1,065$611$343$18
43 years$2,840$1,719$999$564$311$15
44 years$2,745$1,638$938$520$282$13
45 years$2,653$1,562$881$481$256$11
46 years$2,566$1,490$827$444$233$9
47 years$2,483$1,422$777$410$211$7
48 years$2,404$1,358$730$379$192$6
49 years$2,328$1,296$687$350$174$5
50 years$2,255$1,238$645$324$158$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,310,000, adding $6,113 every year, while hoping to spend $53,862 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: 75/14/11 Blend
52$2,310,000$2,310,000$2,310,000$2,310,000
53$2,551,926$2,429,496$2,393,691$2,737,540
54$2,754,913$2,491,232$2,416,570$2,922,514
55$2,976,800$2,554,188$2,438,412$3,117,790
56$3,219,458$2,618,368$2,459,122$3,330,288
57$3,484,946$2,683,771$2,478,606$3,561,702
58$3,775,532$2,750,398$2,496,761$3,813,892
59$4,093,715$2,818,245$2,513,481$4,088,913
60$4,442,244$2,887,310$2,528,653$4,389,024
61$4,824,149$2,957,584$2,542,159$4,716,713
62$5,242,765$3,029,058$2,553,874$5,074,723
63$5,701,766$3,101,721$2,563,668$5,466,074
64$6,205,199$3,175,558$2,571,404$5,894,092
65$6,757,520$3,250,552$2,576,937$6,362,442
66$7,363,640$3,326,681$2,580,116$6,875,163
67$8,028,964$3,403,921$2,580,783$7,436,700
68$8,759,449$3,482,245$2,578,770$8,051,955
69$9,561,657$3,561,619$2,573,904$8,726,327
70$10,442,816$3,642,008$2,565,999$9,465,762
71$11,410,888$3,723,371$2,554,865$10,276,815
72$12,474,645$3,805,663$2,540,299$11,166,706
73$13,643,751$3,888,832$2,522,091$12,143,390
74$14,928,850$3,972,822$2,500,018$13,215,634
75$16,341,673$4,057,570$2,473,849$14,393,095
76$17,895,142$4,143,009$2,443,341$15,686,418
77$19,603,493$4,229,063$2,408,239$17,107,328
78$21,482,412$4,315,650$2,368,278$18,668,748
79$23,549,180$4,402,679$2,323,178$20,384,917
80$25,822,839$4,490,053$2,272,647$22,271,525
81$28,324,368$4,577,665$2,216,380$24,345,860
82$31,076,882$4,665,399$2,154,057$26,626,976
83$34,105,851$4,753,130$2,085,345$29,135,865
84$37,439,337$4,840,723$2,009,893$31,895,664
85$41,108,262$4,928,030$1,927,336$34,931,865
86$45,146,695$5,014,894$1,837,292$38,272,561
87$49,592,178$5,101,144$1,739,362$41,948,710
88$54,486,076$5,186,597$1,633,127$45,994,427
89$59,873,971$5,271,055$1,518,152$50,447,305
90$65,806,086$5,354,306$1,393,979$55,348,773
91$72,337,763$5,436,123$1,260,134$60,744,484
92$79,529,984$5,516,263$1,116,117$66,684,746
93$87,449,945$5,594,462$961,410$73,225,001
94$96,171,691$5,670,443$795,469$80,426,344
95$105,776,813$5,743,904$617,727$88,356,103
96$116,355,220$5,814,527$427,593$97,088,473
97$128,005,983$5,881,970$224,448$106,705,217
98$140,838,274$5,945,867$7,648$117,296,439
99$154,972,392$6,005,829$0$128,961,433
100$170,540,902$6,061,440$0$141,835,880