Can I retire at age 53 with 1,960,000?

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 $1,960,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$161,855$160,413$159,007$157,634$156,293$152,083
2 years$80,126$78,634$77,188$75,785$74,425$70,214
3 years$52,887$51,388$49,946$48,556$47,218$43,137
4 years$39,270$37,776$36,348$34,982$33,677$29,757
5 years$31,102$29,617$28,207$26,870$25,600$21,854
6 years$25,658$24,184$22,796$21,488$20,257$16,686
7 years$21,771$20,310$18,943$17,666$16,474$13,080
8 years$18,858$17,409$16,065$14,820$13,667$10,447
9 years$16,593$15,158$13,837$12,623$11,510$8,461
10 years$14,782$13,361$12,064$10,881$9,807$6,926
11 years$13,301$11,894$10,621$9,470$8,434$5,717
12 years$12,068$10,676$9,425$8,307$7,309$4,750
13 years$11,025$9,648$8,421$7,333$6,373$3,967
14 years$10,132$8,770$7,566$6,510$5,587$3,328
15 years$9,359$8,011$6,831$5,806$4,919$2,802
16 years$8,684$7,350$6,194$5,198$4,348$2,365
17 years$8,088$6,769$5,636$4,671$3,855$2,002
18 years$7,559$6,255$5,145$4,209$3,428$1,698
19 years$7,086$5,797$4,710$3,803$3,055$1,442
20 years$6,661$5,387$4,323$3,445$2,729$1,227
21 years$6,278$5,018$3,976$3,126$2,442$1,045
22 years$5,929$4,684$3,664$2,842$2,189$891
23 years$5,611$4,381$3,383$2,589$1,965$760
24 years$5,320$4,104$3,129$2,361$1,766$649
25 years$5,053$3,852$2,898$2,156$1,589$555
26 years$4,807$3,620$2,688$1,972$1,431$474
27 years$4,579$3,407$2,496$1,805$1,291$406
28 years$4,368$3,210$2,320$1,653$1,165$347
29 years$4,172$3,029$2,159$1,516$1,052$297
30 years$3,990$2,860$2,011$1,392$950$254
31 years$3,819$2,704$1,875$1,278$859$218
32 years$3,660$2,558$1,749$1,174$777$187
33 years$3,510$2,423$1,633$1,080$703$160
34 years$3,370$2,296$1,526$994$637$137
35 years$3,237$2,178$1,427$915$577$117
36 years$3,113$2,067$1,335$843$522$101
37 years$2,995$1,963$1,249$776$474$86
38 years$2,884$1,866$1,170$715$429$74
39 years$2,779$1,774$1,096$660$389$63
40 years$2,680$1,688$1,027$608$353$54
41 years$2,585$1,607$963$561$320$47
42 years$2,495$1,530$904$518$291$40
43 years$2,410$1,458$848$478$264$34
44 years$2,329$1,390$796$442$239$29
45 years$2,251$1,325$747$408$217$25
46 years$2,178$1,264$702$377$197$22
47 years$2,107$1,207$660$348$179$19
48 years$2,040$1,152$620$322$163$16
49 years$1,975$1,100$583$297$148$14
50 years$1,914$1,051$548$275$134$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,960,000, adding $4,963 every year, while hoping to spend $55,974 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: 77/9/14 Blend
52$1,960,000$1,960,000$1,960,000$1,960,000
53$2,165,039$2,061,159$2,030,779$2,325,101
54$2,326,317$2,102,600$2,039,255$2,472,759
55$2,502,170$2,144,196$2,046,138$2,627,064
56$2,694,024$2,185,894$2,051,316$2,794,716
57$2,903,452$2,227,640$2,054,672$2,977,025
58$3,132,182$2,269,372$2,056,082$3,175,436
59$3,382,118$2,311,026$2,055,415$3,391,540
60$3,655,358$2,352,530$2,052,535$3,627,088
61$3,954,208$2,393,807$2,047,298$3,884,012
62$4,281,210$2,434,777$2,039,556$4,164,438
63$4,639,162$2,475,350$2,029,149$4,470,710
64$5,031,146$2,515,430$2,015,915$4,805,410
65$5,460,553$2,554,917$1,999,678$5,171,382
66$5,931,121$2,593,699$1,980,259$5,571,761
67$6,446,965$2,631,660$1,957,467$6,010,000
68$7,012,618$2,668,674$1,931,105$6,489,905
69$7,633,071$2,704,605$1,900,963$7,015,669
70$8,313,823$2,739,310$1,866,824$7,591,914
71$9,060,931$2,772,633$1,828,460$8,223,729
72$9,881,065$2,804,412$1,785,633$8,916,728
73$10,781,574$2,834,468$1,738,092$9,677,092
74$11,770,553$2,862,616$1,685,577$10,511,636
75$12,856,920$2,888,655$1,627,814$11,427,868
76$14,050,498$2,912,371$1,564,518$12,434,063
77$15,362,109$2,933,538$1,495,390$13,539,339
78$16,803,676$2,951,913$1,420,118$14,753,746
79$18,388,334$2,967,240$1,338,375$16,088,357
80$20,130,554$2,979,244$1,249,820$17,555,378
81$22,046,278$2,987,635$1,154,096$19,168,256
82$24,153,072$2,992,102$1,050,832$20,941,816
83$26,470,289$2,992,318$939,638$22,892,390
84$29,019,249$2,987,933$820,107$25,037,980
85$31,823,447$2,978,576$691,815$27,398,425
86$34,908,767$2,963,855$554,319$29,995,588
87$38,303,728$2,943,350$407,156$32,853,563
88$42,039,755$2,916,621$249,842$35,998,903
89$46,151,471$2,883,196$81,872$39,460,872
90$50,677,027$2,842,579$0$43,271,719
91$55,658,461$2,794,243$0$47,481,531
92$61,142,091$2,737,627$0$52,128,928
93$67,178,954$2,672,141$0$57,244,918
94$73,825,290$2,597,159$0$62,877,161
95$81,143,065$2,512,015$0$69,078,178
96$89,200,562$2,416,009$0$75,905,841
97$98,073,023$2,308,397$0$83,423,926
98$107,843,356$2,188,393$0$91,702,708
99$118,602,920$2,055,165$0$100,819,632
100$130,452,385$1,907,835$0$110,860,035