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%11.3%
1 years$161,029$159,595$158,195$156,829$155,496$154,645
2 years$79,717$78,233$76,794$75,399$74,046$73,188
3 years$52,617$51,126$49,691$48,309$46,978$46,138
4 years$39,070$37,583$36,162$34,804$33,505$32,691
5 years$30,943$29,466$28,063$26,733$25,470$24,684
6 years$25,527$24,061$22,679$21,378$20,153$19,396
7 years$21,660$20,206$18,847$17,576$16,390$15,662
8 years$18,761$17,320$15,983$14,744$13,597$12,898
9 years$16,508$15,081$13,767$12,559$11,451$10,781
10 years$14,706$13,293$12,002$10,826$9,757$9,115
11 years$13,233$11,834$10,566$9,422$8,391$7,778
12 years$12,006$10,621$9,377$8,264$7,271$6,686
13 years$10,969$9,599$8,378$7,296$6,341$5,783
14 years$10,081$8,725$7,528$6,477$5,558$5,027
15 years$9,312$7,970$6,797$5,776$4,894$4,388
16 years$8,639$7,313$6,162$5,172$4,325$3,845
17 years$8,047$6,735$5,607$4,647$3,835$3,379
18 years$7,520$6,223$5,119$4,188$3,410$2,977
19 years$7,050$5,768$4,686$3,784$3,039$2,630
20 years$6,627$5,359$4,300$3,427$2,715$2,327
21 years$6,245$4,992$3,956$3,110$2,430$2,063
22 years$5,899$4,660$3,646$2,828$2,178$1,832
23 years$5,583$4,358$3,366$2,575$1,955$1,628
24 years$5,293$4,084$3,113$2,349$1,757$1,449
25 years$5,027$3,832$2,883$2,145$1,581$1,291
26 years$4,782$3,602$2,674$1,961$1,424$1,151
27 years$4,556$3,390$2,483$1,795$1,284$1,028
28 years$4,346$3,194$2,308$1,645$1,159$918
29 years$4,151$3,013$2,148$1,508$1,046$820
30 years$3,969$2,846$2,001$1,384$945$734
31 years$3,800$2,690$1,865$1,271$855$656
32 years$3,641$2,545$1,741$1,169$773$587
33 years$3,492$2,410$1,625$1,075$700$526
34 years$3,352$2,285$1,518$989$633$471
35 years$3,221$2,167$1,420$910$574$422
36 years$3,097$2,057$1,328$838$520$378
37 years$2,980$1,953$1,243$772$471$339
38 years$2,870$1,856$1,164$712$427$304
39 years$2,765$1,765$1,091$656$387$273
40 years$2,666$1,679$1,022$605$351$245
41 years$2,572$1,599$958$559$319$220
42 years$2,483$1,523$899$515$289$197
43 years$2,398$1,451$844$476$262$177
44 years$2,317$1,383$792$439$238$159
45 years$2,240$1,319$744$406$216$142
46 years$2,166$1,258$698$375$196$128
47 years$2,096$1,200$656$346$178$115
48 years$2,029$1,146$617$320$162$103
49 years$1,965$1,094$580$296$147$93
50 years$1,904$1,045$545$273$134$83

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 $6,585 every year, while hoping to spend $41,008 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: 37/41/22 Blend
52$1,950,000$1,950,000$1,950,000$1,950,000
53$2,155,692$2,052,342$2,022,117$2,220,980
54$2,331,941$2,109,275$2,046,226$2,326,099
55$2,524,792$2,167,623$2,069,768$2,435,269
56$2,735,897$2,227,412$2,092,681$2,552,362
57$2,967,071$2,288,669$2,114,899$2,678,114
58$3,220,318$2,351,418$2,136,353$2,813,337
59$3,497,839$2,415,687$2,156,970$2,958,924
60$3,802,063$2,481,499$2,176,672$3,115,858
61$4,135,661$2,548,881$2,195,379$3,285,221
62$4,501,580$2,617,857$2,213,005$3,468,205
63$4,903,060$2,688,452$2,229,460$3,666,123
64$5,343,675$2,760,688$2,244,650$3,880,420
65$5,827,358$2,834,590$2,258,474$4,112,686
66$6,358,443$2,910,180$2,270,828$4,364,677
67$6,941,705$2,987,480$2,281,601$4,638,321
68$7,582,403$3,066,510$2,290,679$4,935,748
69$8,286,331$3,147,292$2,297,939$5,259,299
70$9,059,870$3,229,843$2,303,254$5,611,558
71$9,910,053$3,314,181$2,306,489$5,995,368
72$10,844,626$3,400,324$2,307,504$6,413,862
73$11,872,124$3,488,285$2,306,151$6,870,494
74$13,001,949$3,578,079$2,302,275$7,369,069
75$14,244,460$3,669,718$2,295,714$7,913,778
76$15,611,071$3,763,210$2,286,297$8,509,241
77$17,114,357$3,858,564$2,273,845$9,160,548
78$18,768,174$3,955,786$2,258,171$9,873,308
79$20,587,787$4,054,879$2,239,078$10,653,703
80$22,590,016$4,155,843$2,216,362$11,508,545
81$24,793,394$4,258,675$2,189,807$12,445,341
82$27,218,341$4,363,371$2,159,186$13,472,362
83$29,887,358$4,469,922$2,124,265$14,598,727
84$32,825,235$4,578,315$2,084,795$15,834,482
85$36,059,291$4,688,535$2,040,518$17,190,700
86$39,619,627$4,800,561$1,991,162$18,679,585
87$43,539,408$4,914,368$1,936,446$20,314,585
88$47,855,183$5,029,927$1,876,072$22,110,522
89$52,607,221$5,147,203$1,809,730$24,083,730
90$57,839,897$5,266,156$1,737,096$26,252,213
91$63,602,109$5,386,740$1,657,831$28,635,810
92$69,947,737$5,508,903$1,571,581$31,256,389
93$76,936,153$5,632,585$1,477,975$34,138,048
94$84,632,779$5,757,721$1,376,626$37,307,347
95$93,109,710$5,884,237$1,267,130$40,793,558
96$102,446,386$6,012,050$1,149,065$44,628,940
97$112,730,346$6,141,069$1,021,987$48,849,048
98$124,058,055$6,271,195$885,437$53,493,067
99$136,535,810$6,402,317$738,933$58,604,181
100$150,280,748$6,534,316$581,972$64,229,987