Can I retire at age 53 with 1,990,000?

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 $1,990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$164,332$162,869$161,440$160,046$158,685$153,116
2 years$81,353$79,838$78,369$76,945$75,564$70,012
3 years$53,696$52,175$50,710$49,300$47,941$42,580
4 years$39,871$38,354$36,904$35,518$34,192$29,063
5 years$31,578$30,070$28,639$27,281$25,992$21,109
6 years$26,051$24,554$23,145$21,817$20,567$15,933
7 years$22,105$20,621$19,233$17,937$16,726$12,341
8 years$19,146$17,676$16,311$15,047$13,876$9,736
9 years$16,847$15,390$14,049$12,816$11,686$7,785
10 years$15,008$13,565$12,248$11,048$9,957$6,289
11 years$13,504$12,077$10,783$9,615$8,563$5,121
12 years$12,253$10,839$9,570$8,434$7,421$4,196
13 years$11,194$9,796$8,550$7,446$6,471$3,455
14 years$10,288$8,904$7,682$6,609$5,672$2,857
15 years$9,503$8,134$6,936$5,894$4,994$2,369
16 years$8,816$7,463$6,288$5,278$4,414$1,970
17 years$8,212$6,873$5,722$4,742$3,914$1,642
18 years$7,675$6,351$5,224$4,274$3,480$1,371
19 years$7,195$5,886$4,782$3,862$3,102$1,146
20 years$6,763$5,469$4,389$3,497$2,771$960
21 years$6,374$5,095$4,037$3,174$2,479$804
22 years$6,020$4,756$3,720$2,886$2,222$675
23 years$5,697$4,448$3,435$2,628$1,995$566
24 years$5,402$4,167$3,177$2,397$1,793$476
25 years$5,131$3,911$2,943$2,189$1,614$400
26 years$4,881$3,676$2,729$2,002$1,453$336
27 years$4,649$3,459$2,534$1,832$1,310$282
28 years$4,435$3,259$2,356$1,679$1,182$238
29 years$4,236$3,075$2,192$1,539$1,068$200
30 years$4,051$2,904$2,042$1,413$965$168
31 years$3,878$2,745$1,904$1,298$872$142
32 years$3,716$2,598$1,776$1,192$789$119
33 years$3,564$2,460$1,658$1,097$714$100
34 years$3,421$2,331$1,550$1,009$646$84
35 years$3,287$2,211$1,449$929$586$71
36 years$3,161$2,099$1,355$855$530$60
37 years$3,041$1,993$1,269$788$481$50
38 years$2,928$1,894$1,188$726$436$42
39 years$2,822$1,801$1,113$670$395$36
40 years$2,721$1,714$1,043$618$359$30
41 years$2,625$1,632$978$570$325$25
42 years$2,534$1,554$918$526$295$21
43 years$2,447$1,480$861$486$268$18
44 years$2,364$1,411$808$448$243$15
45 years$2,286$1,346$759$414$221$13
46 years$2,211$1,284$713$382$200$11
47 years$2,139$1,225$670$353$182$9
48 years$2,071$1,170$629$327$165$8
49 years$2,006$1,117$591$302$150$6
50 years$1,943$1,067$556$279$136$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,990,000, adding $4,034 every year, while hoping to spend $58,782 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: 53/21/26 Blend
52$1,990,000$1,990,000$1,990,000$1,990,000
53$2,197,141$2,091,671$2,060,826$2,297,497
54$2,358,706$2,131,619$2,067,320$2,407,279
55$2,534,780$2,171,555$2,072,062$2,520,333
56$2,726,782$2,211,415$2,074,930$2,642,173
57$2,936,271$2,251,133$2,075,798$2,773,663
58$3,164,967$2,290,634$2,074,533$2,915,755
59$3,414,759$2,329,840$2,070,995$3,069,497
60$3,687,729$2,368,667$2,065,038$3,236,049
61$3,986,169$2,407,023$2,056,509$3,416,687
62$4,312,602$2,444,811$2,045,245$3,612,820
63$4,669,807$2,481,926$2,031,080$3,826,003
64$5,060,841$2,518,255$2,013,836$4,057,950
65$5,489,075$2,553,678$1,993,327$4,310,553
66$5,958,218$2,588,065$1,969,361$4,585,898
67$6,472,354$2,621,278$1,941,733$4,886,286
68$7,035,985$2,653,171$1,910,231$5,214,256
69$7,654,064$2,683,585$1,874,632$5,572,608
70$8,332,050$2,712,352$1,834,704$5,964,430
71$9,075,955$2,739,293$1,790,202$6,393,128
72$9,892,400$2,764,216$1,740,872$6,862,460
73$10,788,679$2,786,918$1,686,446$7,376,568
74$11,772,828$2,807,180$1,626,645$7,940,024
75$12,853,696$2,824,772$1,561,178$8,557,867
76$14,041,034$2,839,447$1,489,738$9,235,656
77$15,345,583$2,850,943$1,412,008$9,979,521
78$16,779,176$2,858,982$1,327,653$10,796,223
79$18,354,847$2,863,268$1,236,325$11,693,216
80$20,086,959$2,863,486$1,137,660$12,678,722
81$21,991,335$2,859,302$1,031,277$13,761,806
82$24,085,404$2,850,361$916,778$14,952,464
83$26,388,374$2,836,288$793,749$16,261,720
84$28,921,404$2,816,682$661,755$17,701,729
85$31,707,808$2,791,120$520,345$19,285,891
86$34,773,272$2,759,152$369,044$21,028,984
87$38,146,098$2,720,303$207,359$22,947,301
88$41,857,471$2,674,068$34,776$25,058,806
89$45,941,748$2,619,913$0$27,383,304
90$50,436,787$2,557,270$0$29,984,078
91$55,384,304$2,485,541$0$32,856,746
92$60,830,261$2,404,090$0$36,018,355
93$66,825,304$2,312,246$0$39,498,335
94$73,425,237$2,209,298$0$43,329,121
95$80,691,551$2,094,494$0$47,546,462
96$88,692,003$1,967,038$0$52,189,754
97$97,501,253$1,826,089$0$57,302,417
98$107,201,571$1,670,758$0$62,932,304
99$117,883,610$1,500,103$0$69,132,153
100$129,647,262$1,313,132$0$75,960,088