Can I retire at age 53 with 1,950,000?

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 $1,950,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$161,029$159,595$158,195$156,829$155,496$152,731
2 years$79,717$78,233$76,794$75,399$74,046$71,270
3 years$52,617$51,126$49,691$48,309$46,978$44,277
4 years$39,070$37,583$36,162$34,804$33,505$30,900
5 years$30,943$29,466$28,063$26,733$25,470$22,969
6 years$25,527$24,061$22,679$21,378$20,153$17,759
7 years$21,660$20,206$18,847$17,576$16,390$14,102
8 years$18,761$17,320$15,983$14,744$13,597$11,416
9 years$16,508$15,081$13,767$12,559$11,451$9,375
10 years$14,706$13,293$12,002$10,826$9,757$7,784
11 years$13,233$11,834$10,566$9,422$8,391$6,519
12 years$12,006$10,621$9,377$8,264$7,271$5,498
13 years$10,969$9,599$8,378$7,296$6,341$4,663
14 years$10,081$8,725$7,528$6,477$5,558$3,974
15 years$9,312$7,970$6,797$5,776$4,894$3,399
16 years$8,639$7,313$6,162$5,172$4,325$2,917
17 years$8,047$6,735$5,607$4,647$3,835$2,510
18 years$7,520$6,223$5,119$4,188$3,410$2,165
19 years$7,050$5,768$4,686$3,784$3,039$1,871
20 years$6,627$5,359$4,300$3,427$2,715$1,620
21 years$6,245$4,992$3,956$3,110$2,430$1,404
22 years$5,899$4,660$3,646$2,828$2,178$1,218
23 years$5,583$4,358$3,366$2,575$1,955$1,059
24 years$5,293$4,084$3,113$2,349$1,757$921
25 years$5,027$3,832$2,883$2,145$1,581$801
26 years$4,782$3,602$2,674$1,961$1,424$698
27 years$4,556$3,390$2,483$1,795$1,284$608
28 years$4,346$3,194$2,308$1,645$1,159$530
29 years$4,151$3,013$2,148$1,508$1,046$462
30 years$3,969$2,846$2,001$1,384$945$403
31 years$3,800$2,690$1,865$1,271$855$352
32 years$3,641$2,545$1,741$1,169$773$308
33 years$3,492$2,410$1,625$1,075$700$269
34 years$3,352$2,285$1,518$989$633$235
35 years$3,221$2,167$1,420$910$574$205
36 years$3,097$2,057$1,328$838$520$179
37 years$2,980$1,953$1,243$772$471$157
38 years$2,870$1,856$1,164$712$427$137
39 years$2,765$1,765$1,091$656$387$120
40 years$2,666$1,679$1,022$605$351$105
41 years$2,572$1,599$958$559$319$91
42 years$2,483$1,523$899$515$289$80
43 years$2,398$1,451$844$476$262$70
44 years$2,317$1,383$792$439$238$61
45 years$2,240$1,319$744$406$216$53
46 years$2,166$1,258$698$375$196$47
47 years$2,096$1,200$656$346$178$41
48 years$2,029$1,146$617$320$162$36
49 years$1,965$1,094$580$296$147$31
50 years$1,904$1,045$545$273$134$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,950,000, adding $4,248 every year, while hoping to spend $37,008 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: 46/28/26 Blend
52$1,950,000$1,950,000$1,950,000$1,950,000
53$2,153,282$2,049,932$2,019,707$2,236,059
54$2,333,540$2,111,002$2,047,991$2,356,008
55$2,530,945$2,173,825$2,075,982$2,482,136
56$2,747,205$2,238,446$2,103,631$2,618,262
57$2,984,204$2,304,914$2,130,887$2,765,340
58$3,244,016$2,373,278$2,157,695$2,924,422
59$3,528,925$2,443,588$2,183,996$3,096,664
60$3,841,445$2,515,894$2,209,731$3,283,340
61$4,184,349$2,590,249$2,234,833$3,485,853
62$4,560,688$2,666,706$2,259,235$3,705,748
63$4,973,824$2,745,321$2,282,865$3,944,725
64$5,427,460$2,826,147$2,305,647$4,204,658
65$5,925,675$2,909,243$2,327,501$4,487,610
66$6,472,964$2,994,666$2,348,342$4,795,853
67$7,074,277$3,082,475$2,368,082$5,131,891
68$7,735,067$3,172,730$2,386,627$5,498,481
69$8,461,343$3,265,493$2,403,878$5,898,659
70$9,259,725$3,360,826$2,419,732$6,335,773
71$10,137,503$3,458,794$2,434,080$6,813,508
72$11,102,714$3,559,460$2,446,807$7,335,926
73$12,164,209$3,662,892$2,457,793$7,907,501
74$13,331,740$3,769,155$2,466,911$8,533,163
75$14,616,053$3,878,319$2,474,028$9,218,343
76$16,028,987$3,990,453$2,479,004$9,969,026
77$17,583,586$4,105,628$2,481,693$10,791,805
78$19,294,223$4,223,915$2,481,941$11,693,947
79$21,176,734$4,345,387$2,479,587$12,683,456
80$23,248,568$4,470,118$2,474,460$13,769,155
81$25,528,951$4,598,183$2,466,383$14,960,765
82$28,039,067$4,729,657$2,455,170$16,268,995
83$30,802,259$4,864,618$2,440,626$17,705,650
84$33,844,248$5,003,143$2,422,546$19,283,736
85$37,193,375$5,145,310$2,400,714$21,017,584
86$40,880,869$5,291,200$2,374,908$22,922,990
87$44,941,141$5,440,892$2,344,890$25,017,356
88$49,412,109$5,594,467$2,310,416$27,319,863
89$54,335,555$5,752,007$2,271,226$29,851,645
90$59,757,520$5,913,594$2,227,050$32,635,993
91$65,728,737$6,079,310$2,177,607$35,698,574
92$72,305,111$6,249,239$2,122,599$39,067,671
93$79,548,244$6,423,464$2,061,718$42,774,454
94$87,526,020$6,602,068$1,994,640$46,853,271
95$96,313,240$6,785,135$1,921,027$51,341,976
96$105,992,332$6,972,749$1,840,523$56,282,282
97$116,654,130$7,164,993$1,752,760$61,720,160
98$128,398,723$7,361,950$1,657,350$67,706,268
99$141,336,410$7,563,703$1,553,889$74,296,435
100$155,588,734$7,770,334$1,441,953$81,552,183