Can I retire at age 53 with 2,330,000?

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 $2,330,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$192,409$190,695$189,023$187,391$185,797$178,637
2 years$95,252$93,478$91,759$90,092$88,475$81,347
3 years$62,871$61,089$59,374$57,723$56,132$49,260
4 years$46,683$44,907$43,209$41,586$40,034$33,470
5 years$36,973$35,208$33,532$31,942$30,433$24,195
6 years$30,502$28,750$27,099$25,544$24,081$18,172
7 years$25,881$24,144$22,519$21,001$19,584$14,003
8 years$22,418$20,696$19,098$17,618$16,247$10,988
9 years$19,725$18,019$16,449$15,006$13,682$8,738
10 years$17,572$15,883$14,341$12,936$11,658$7,019
11 years$15,812$14,140$12,625$11,258$10,026$5,682
12 years$14,346$12,691$11,205$9,875$8,689$4,628
13 years$13,107$11,469$10,011$8,718$7,577$3,787
14 years$12,045$10,425$8,995$7,739$6,642$3,111
15 years$11,126$9,524$8,121$6,902$5,848$2,564
16 years$10,323$8,738$7,363$6,180$5,168$2,119
17 years$9,615$8,047$6,700$5,552$4,583$1,754
18 years$8,986$7,436$6,116$5,004$4,075$1,455
19 years$8,424$6,891$5,599$4,521$3,632$1,208
20 years$7,919$6,404$5,139$4,095$3,244$1,004
21 years$7,463$5,965$4,726$3,716$2,903$836
22 years$7,048$5,568$4,356$3,379$2,602$696
23 years$6,670$5,208$4,022$3,077$2,336$580
24 years$6,325$4,879$3,720$2,807$2,099$484
25 years$6,007$4,579$3,445$2,563$1,889$404
26 years$5,714$4,303$3,195$2,344$1,702$337
27 years$5,444$4,050$2,967$2,145$1,534$281
28 years$5,193$3,816$2,758$1,966$1,384$235
29 years$4,960$3,600$2,567$1,802$1,250$196
30 years$4,743$3,400$2,391$1,654$1,130$164
31 years$4,540$3,214$2,229$1,519$1,021$137
32 years$4,350$3,041$2,080$1,396$924$114
33 years$4,173$2,880$1,942$1,284$836$96
34 years$4,006$2,730$1,814$1,181$757$80
35 years$3,849$2,589$1,696$1,087$686$67
36 years$3,701$2,457$1,587$1,002$621$56
37 years$3,561$2,334$1,485$923$563$47
38 years$3,429$2,218$1,391$851$510$39
39 years$3,304$2,109$1,303$784$463$33
40 years$3,185$2,007$1,221$723$420$27
41 years$3,073$1,910$1,145$667$381$23
42 years$2,966$1,819$1,074$616$346$19
43 years$2,865$1,733$1,008$569$314$16
44 years$2,768$1,652$946$525$285$13
45 years$2,676$1,576$889$485$258$11
46 years$2,589$1,503$835$448$235$9
47 years$2,505$1,434$784$414$213$8
48 years$2,425$1,369$737$382$194$7
49 years$2,348$1,308$692$353$176$5
50 years$2,275$1,249$651$327$160$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,330,000, adding $2,369 every year, while hoping to spend $43,585 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: 66/24/10 Blend
52$2,330,000$2,330,000$2,330,000$2,330,000
53$2,570,104$2,446,614$2,410,499$2,734,171
54$2,785,880$2,520,124$2,444,876$2,917,193
55$3,022,205$2,595,775$2,478,945$3,111,764
56$3,281,128$2,673,626$2,512,648$3,323,292
57$3,564,907$2,753,738$2,545,925$3,553,426
58$3,876,029$2,836,172$2,578,715$3,803,985
59$4,217,231$2,920,991$2,610,949$4,076,970
60$4,591,530$3,008,261$2,642,557$4,374,584
61$5,002,247$3,098,048$2,673,464$4,699,251
62$5,453,043$3,190,419$2,703,592$5,053,643
63$5,947,948$3,285,444$2,732,857$5,440,699
64$6,491,403$3,383,194$2,761,171$5,863,660
65$7,088,297$3,483,742$2,788,442$6,326,090
66$7,744,020$3,587,162$2,814,572$6,831,917
67$8,464,508$3,693,531$2,839,457$7,385,468
68$9,256,299$3,802,925$2,862,990$7,991,507
69$10,126,598$3,915,425$2,885,057$8,655,282
70$11,083,341$4,031,111$2,905,536$9,382,574
71$12,135,272$4,150,066$2,924,302$10,179,750
72$13,292,026$4,272,375$2,941,222$11,053,825
73$14,564,215$4,398,124$2,956,156$12,012,527
74$15,963,535$4,527,402$2,968,957$13,064,367
75$17,502,869$4,660,298$2,979,471$14,218,723
76$19,196,413$4,796,904$2,987,535$15,485,928
77$21,059,809$4,937,314$2,992,978$16,877,364
78$23,110,290$5,081,623$2,995,624$18,405,570
79$25,366,845$5,229,928$2,995,282$20,084,363
80$27,850,396$5,382,327$2,991,758$21,928,965
81$30,583,998$5,538,923$2,984,843$23,956,148
82$33,593,053$5,699,817$2,974,322$26,184,391
83$36,905,550$5,865,114$2,959,968$28,634,055
84$40,552,331$6,034,919$2,941,542$31,327,574
85$44,567,380$6,209,341$2,918,794$34,289,666
86$48,988,143$6,388,489$2,891,464$37,547,568
87$53,855,883$6,572,475$2,859,278$41,131,291
88$59,216,067$6,761,410$2,821,948$45,073,904
89$65,118,797$6,955,411$2,779,174$49,411,844
90$71,619,280$7,154,592$2,730,642$54,185,262
91$78,778,351$7,359,071$2,676,023$59,438,400
92$86,663,045$7,568,968$2,614,972$65,220,009
93$95,347,231$7,784,403$2,547,129$71,583,809
94$104,912,308$8,005,497$2,472,117$78,588,994
95$115,447,971$8,232,375$2,389,541$86,300,794
96$127,053,063$8,465,160$2,298,989$94,791,086
97$139,836,500$8,703,977$2,200,030$104,139,075
98$153,918,304$8,948,953$2,092,212$114,432,042
99$169,430,734$9,200,215$1,975,064$125,766,164
100$186,519,534$9,457,891$1,848,094$138,247,427