Can I retire at age 53 with 2,000,000?

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 $2,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$165,158$163,687$162,252$160,851$159,483$156,712
2 years$81,761$80,239$78,763$77,332$75,944$73,161
3 years$53,966$52,437$50,965$49,547$48,182$45,474
4 years$40,071$38,547$37,089$35,696$34,364$31,752
5 years$31,737$30,221$28,783$27,418$26,123$23,614
6 years$26,182$24,678$23,261$21,926$20,670$18,267
7 years$22,216$20,724$19,330$18,027$16,810$14,515
8 years$19,243$17,765$16,393$15,122$13,946$11,756
9 years$16,931$15,467$14,120$12,881$11,744$9,660
10 years$15,083$13,634$12,310$11,103$10,007$8,026
11 years$13,572$12,137$10,837$9,663$8,606$6,726
12 years$12,314$10,894$9,618$8,476$7,458$5,676
13 years$11,250$9,845$8,593$7,483$6,503$4,818
14 years$10,339$8,949$7,721$6,643$5,701$4,108
15 years$9,550$8,175$6,971$5,924$5,020$3,517
16 years$8,861$7,500$6,320$5,304$4,436$3,020
17 years$8,253$6,907$5,751$4,766$3,934$2,601
18 years$7,713$6,383$5,250$4,295$3,497$2,245
19 years$7,231$5,915$4,806$3,881$3,117$1,941
20 years$6,797$5,497$4,411$3,515$2,785$1,682
21 years$6,406$5,120$4,057$3,190$2,492$1,459
22 years$6,050$4,779$3,739$2,900$2,234$1,267
23 years$5,726$4,470$3,452$2,642$2,005$1,102
24 years$5,429$4,188$3,193$2,409$1,802$959
25 years$5,156$3,930$2,957$2,200$1,622$835
26 years$4,905$3,694$2,743$2,012$1,461$728
27 years$4,673$3,476$2,547$1,841$1,317$635
28 years$4,458$3,276$2,368$1,687$1,188$554
29 years$4,258$3,090$2,203$1,547$1,073$484
30 years$4,071$2,919$2,052$1,420$970$422
31 years$3,897$2,759$1,913$1,304$877$369
32 years$3,734$2,611$1,785$1,198$793$322
33 years$3,582$2,472$1,667$1,102$718$282
34 years$3,438$2,343$1,557$1,014$650$246
35 years$3,304$2,222$1,456$933$588$215
36 years$3,176$2,109$1,362$860$533$188
37 years$3,057$2,003$1,275$792$483$165
38 years$2,943$1,904$1,194$730$438$144
39 years$2,836$1,811$1,119$673$397$126
40 years$2,734$1,723$1,048$621$360$110
41 years$2,638$1,640$983$573$327$97
42 years$2,546$1,562$922$529$297$85
43 years$2,459$1,488$865$488$269$74
44 years$2,376$1,418$812$451$244$65
45 years$2,297$1,352$763$416$222$57
46 years$2,222$1,290$716$384$201$50
47 years$2,150$1,231$673$355$183$43
48 years$2,081$1,175$632$328$166$38
49 years$2,016$1,122$594$303$151$33
50 years$1,953$1,072$559$280$137$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,000,000, adding $3,248 every year, while hoping to spend $28,900 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: 55/16/29 Blend
52$2,000,000$2,000,000$2,000,000$2,000,000
53$2,207,350$2,101,350$2,070,350$2,310,834
54$2,401,751$2,173,567$2,108,958$2,454,864
55$2,615,011$2,248,354$2,147,890$2,608,413
56$2,849,025$2,325,806$2,187,127$2,775,082
57$3,105,878$2,406,023$2,226,648$2,956,145
58$3,387,867$2,489,107$2,266,430$3,153,005
59$3,697,522$2,575,166$2,306,448$3,367,206
60$4,037,631$2,664,311$2,346,676$3,600,448
61$4,411,264$2,756,657$2,387,084$3,854,604
62$4,821,805$2,852,325$2,427,643$4,131,734
63$5,272,979$2,951,439$2,468,319$4,434,109
64$5,768,893$3,054,129$2,509,078$4,764,227
65$6,314,068$3,160,530$2,549,881$5,124,843
66$6,913,490$3,270,783$2,590,688$5,518,988
67$7,572,647$3,385,032$2,631,457$5,950,002
68$8,297,588$3,503,430$2,672,142$6,421,562
69$9,094,979$3,626,135$2,712,695$6,937,719
70$9,972,160$3,753,309$2,753,065$7,502,937
71$10,937,224$3,885,124$2,793,195$8,122,130
72$11,999,082$4,021,757$2,833,029$8,800,715
73$13,167,558$4,163,392$2,872,505$9,544,656
74$14,453,472$4,310,222$2,911,557$10,360,525
75$15,868,748$4,462,444$2,950,116$11,255,563
76$17,426,524$4,620,268$2,988,109$12,237,744
77$19,141,278$4,783,909$3,025,458$13,315,857
78$21,028,959$4,953,592$3,062,082$14,499,583
79$23,107,145$5,129,550$3,097,894$15,799,588
80$25,395,203$5,312,027$3,132,803$17,227,624
81$27,914,473$5,501,276$3,166,711$18,796,640
82$30,688,471$5,697,560$3,199,518$20,520,902
83$33,743,109$5,901,154$3,231,115$22,416,129
84$37,106,939$6,112,344$3,261,390$24,499,641
85$40,811,423$6,331,425$3,290,223$26,790,523
86$44,891,231$6,558,708$3,317,489$29,309,800
87$49,384,567$6,794,515$3,343,055$32,080,644
88$54,333,527$7,039,181$3,366,782$35,128,583
89$59,784,502$7,293,055$3,388,524$38,481,750
90$65,788,607$7,556,501$3,408,126$42,171,141
91$72,402,173$7,829,898$3,425,426$46,230,914
92$79,687,271$8,113,639$3,440,254$50,698,704
93$87,712,302$8,408,137$3,452,432$55,615,985
94$96,552,639$8,713,818$3,461,771$61,028,457
95$106,291,342$9,031,128$3,468,073$66,986,478
96$117,019,937$9,360,532$3,471,132$73,545,538
97$128,839,286$9,702,514$3,470,731$80,766,786
98$141,860,533$10,057,577$3,466,640$88,717,602
99$156,206,156$10,426,246$3,458,621$97,472,238
100$172,011,122$10,809,070$3,446,423$107,112,512