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

Use the below retirement simulation to view the chances of a successful retirement.
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%13.4%
1 years$161,029$159,595$158,195$156,829$155,496$153,299
2 years$79,717$78,233$76,794$75,399$74,046$71,836
3 years$52,617$51,126$49,691$48,309$46,978$44,825
4 years$39,070$37,583$36,162$34,804$33,505$31,425
5 years$30,943$29,466$28,063$26,733$25,470$23,469
6 years$25,527$24,061$22,679$21,378$20,153$18,234
7 years$21,660$20,206$18,847$17,576$16,390$14,553
8 years$18,761$17,320$15,983$14,744$13,597$11,842
9 years$16,508$15,081$13,767$12,559$11,451$9,777
10 years$14,706$13,293$12,002$10,826$9,757$8,162
11 years$13,233$11,834$10,566$9,422$8,391$6,875
12 years$12,006$10,621$9,377$8,264$7,271$5,832
13 years$10,969$9,599$8,378$7,296$6,341$4,976
14 years$10,081$8,725$7,528$6,477$5,558$4,266
15 years$9,312$7,970$6,797$5,776$4,894$3,672
16 years$8,639$7,313$6,162$5,172$4,325$3,171
17 years$8,047$6,735$5,607$4,647$3,835$2,746
18 years$7,520$6,223$5,119$4,188$3,410$2,384
19 years$7,050$5,768$4,686$3,784$3,039$2,074
20 years$6,627$5,359$4,300$3,427$2,715$1,807
21 years$6,245$4,992$3,956$3,110$2,430$1,577
22 years$5,899$4,660$3,646$2,828$2,178$1,378
23 years$5,583$4,358$3,366$2,575$1,955$1,206
24 years$5,293$4,084$3,113$2,349$1,757$1,056
25 years$5,027$3,832$2,883$2,145$1,581$926
26 years$4,782$3,602$2,674$1,961$1,424$812
27 years$4,556$3,390$2,483$1,795$1,284$713
28 years$4,346$3,194$2,308$1,645$1,159$626
29 years$4,151$3,013$2,148$1,508$1,046$550
30 years$3,969$2,846$2,001$1,384$945$483
31 years$3,800$2,690$1,865$1,271$855$425
32 years$3,641$2,545$1,741$1,169$773$374
33 years$3,492$2,410$1,625$1,075$700$329
34 years$3,352$2,285$1,518$989$633$290
35 years$3,221$2,167$1,420$910$574$255
36 years$3,097$2,057$1,328$838$520$225
37 years$2,980$1,953$1,243$772$471$198
38 years$2,870$1,856$1,164$712$427$174
39 years$2,765$1,765$1,091$656$387$153
40 years$2,666$1,679$1,022$605$351$135
41 years$2,572$1,599$958$559$319$119
42 years$2,483$1,523$899$515$289$105
43 years$2,398$1,451$844$476$262$93
44 years$2,317$1,383$792$439$238$82
45 years$2,240$1,319$744$406$216$72
46 years$2,166$1,258$698$375$196$63
47 years$2,096$1,200$656$346$178$56
48 years$2,029$1,146$617$320$162$49
49 years$1,965$1,094$580$296$147$43
50 years$1,904$1,045$545$273$134$38

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 $3,125 every year, while hoping to spend $20,897 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: 76/5/19 Blend
52$1,950,000$1,950,000$1,950,000$1,950,000
53$2,152,123$2,048,773$2,018,548$2,305,999
54$2,349,406$2,126,929$2,063,936$2,486,436
55$2,566,111$2,208,214$2,110,143$2,681,328
56$2,804,197$2,292,759$2,157,175$2,894,462
57$3,065,823$2,380,702$2,205,039$3,127,655
58$3,353,366$2,472,186$2,253,736$3,382,905
59$3,669,445$2,567,359$2,303,273$3,662,415
60$4,016,947$2,666,378$2,353,651$3,968,612
61$4,399,050$2,769,405$2,404,873$4,304,166
62$4,819,258$2,876,611$2,456,941$4,672,020
63$5,281,429$2,988,171$2,509,855$5,075,417
64$5,789,815$3,104,273$2,563,616$5,517,927
65$6,349,103$3,225,108$2,618,223$6,003,485
66$6,964,452$3,350,879$2,673,674$6,536,423
67$7,641,551$3,481,797$2,729,967$7,121,515
68$8,386,665$3,618,082$2,787,098$7,764,020
69$9,206,700$3,759,963$2,845,061$8,469,733
70$10,109,264$3,907,681$2,903,850$9,245,036
71$11,102,739$4,061,487$2,963,459$10,096,963
72$12,196,361$4,221,643$3,023,878$11,033,260
73$13,400,309$4,388,423$3,085,097$12,062,465
74$14,725,797$4,562,112$3,147,104$13,193,983
75$16,185,182$4,743,010$3,209,886$14,438,176
76$17,792,082$4,931,428$3,273,428$15,806,462
77$19,561,499$5,127,693$3,337,713$17,311,422
78$21,509,968$5,332,146$3,402,723$18,966,916
79$23,655,707$5,545,143$3,468,435$20,788,218
80$26,018,789$5,767,055$3,534,829$22,792,155
81$28,621,338$5,998,273$3,601,878$24,997,270
82$31,487,729$6,239,203$3,669,555$27,423,995
83$34,644,822$6,490,269$3,737,830$30,094,843
84$38,122,217$6,751,915$3,806,670$33,034,621
85$41,952,531$7,024,606$3,876,041$36,270,663
86$46,171,704$7,308,828$3,945,904$39,833,090
87$50,819,344$7,605,087$4,016,218$43,755,091
88$55,939,095$7,913,913$4,086,939$48,073,237
89$61,579,049$8,235,861$4,158,018$52,827,829
90$67,792,205$8,571,512$4,229,404$58,063,273
91$74,636,964$8,921,470$4,301,043$63,828,503
92$82,177,682$9,286,369$4,372,876$70,177,440
93$90,485,277$9,666,873$4,444,839$77,169,501
94$99,637,899$10,063,673$4,516,865$84,870,164
95$109,721,667$10,477,495$4,588,882$93,351,577
96$120,831,481$10,909,097$4,660,814$102,693,246
97$133,071,920$11,359,271$4,732,579$112,982,785
98$146,558,226$11,828,845$4,804,090$124,316,737
99$161,417,393$12,318,687$4,875,256$136,801,490
100$177,789,368$12,829,703$4,945,978$150,554,281