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%15.2%
1 years$165,158$163,687$162,252$160,851$159,483$156,071
2 years$81,761$80,239$78,763$77,332$75,944$72,524
3 years$53,966$52,437$50,965$49,547$48,182$44,860
4 years$40,071$38,547$37,089$35,696$34,364$31,165
5 years$31,737$30,221$28,783$27,418$26,123$23,056
6 years$26,182$24,678$23,261$21,926$20,670$17,739
7 years$22,216$20,724$19,330$18,027$16,810$14,016
8 years$19,243$17,765$16,393$15,122$13,946$11,287
9 years$16,931$15,467$14,120$12,881$11,744$9,219
10 years$15,083$13,634$12,310$11,103$10,007$7,612
11 years$13,572$12,137$10,837$9,663$8,606$6,339
12 years$12,314$10,894$9,618$8,476$7,458$5,315
13 years$11,250$9,845$8,593$7,483$6,503$4,482
14 years$10,339$8,949$7,721$6,643$5,701$3,796
15 years$9,550$8,175$6,971$5,924$5,020$3,227
16 years$8,861$7,500$6,320$5,304$4,436$2,752
17 years$8,253$6,907$5,751$4,766$3,934$2,353
18 years$7,713$6,383$5,250$4,295$3,497$2,016
19 years$7,231$5,915$4,806$3,881$3,117$1,730
20 years$6,797$5,497$4,411$3,515$2,785$1,488
21 years$6,406$5,120$4,057$3,190$2,492$1,281
22 years$6,050$4,779$3,739$2,900$2,234$1,104
23 years$5,726$4,470$3,452$2,642$2,005$952
24 years$5,429$4,188$3,193$2,409$1,802$822
25 years$5,156$3,930$2,957$2,200$1,622$711
26 years$4,905$3,694$2,743$2,012$1,461$614
27 years$4,673$3,476$2,547$1,841$1,317$532
28 years$4,458$3,276$2,368$1,687$1,188$460
29 years$4,258$3,090$2,203$1,547$1,073$398
30 years$4,071$2,919$2,052$1,420$970$345
31 years$3,897$2,759$1,913$1,304$877$299
32 years$3,734$2,611$1,785$1,198$793$259
33 years$3,582$2,472$1,667$1,102$718$225
34 years$3,438$2,343$1,557$1,014$650$195
35 years$3,304$2,222$1,456$933$588$169
36 years$3,176$2,109$1,362$860$533$146
37 years$3,057$2,003$1,275$792$483$127
38 years$2,943$1,904$1,194$730$438$110
39 years$2,836$1,811$1,119$673$397$96
40 years$2,734$1,723$1,048$621$360$83
41 years$2,638$1,640$983$573$327$72
42 years$2,546$1,562$922$529$297$62
43 years$2,459$1,488$865$488$269$54
44 years$2,376$1,418$812$451$244$47
45 years$2,297$1,352$763$416$222$41
46 years$2,222$1,290$716$384$201$35
47 years$2,150$1,231$673$355$183$31
48 years$2,081$1,175$632$328$166$27
49 years$2,016$1,122$594$303$151$23
50 years$1,953$1,072$559$280$137$20

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 $6,432 every year, while hoping to spend $35,660 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: 65/9/26 Blend
52$2,000,000$2,000,000$2,000,000$2,000,000
53$2,210,635$2,104,635$2,073,635$2,338,856
54$2,398,177$2,169,820$2,105,159$2,491,358
55$2,603,654$2,237,004$2,136,545$2,653,412
56$2,828,857$2,306,247$2,167,749$2,829,745
57$3,075,759$2,377,611$2,198,727$3,021,764
58$3,346,533$2,451,161$2,229,431$3,231,018
59$3,643,573$2,526,962$2,259,811$3,459,214
60$3,969,515$2,605,081$2,289,813$3,708,235
61$4,327,264$2,685,588$2,319,380$3,980,150
62$4,720,019$2,768,555$2,348,453$4,277,243
63$5,151,302$2,854,056$2,376,967$4,602,028
64$5,624,997$2,942,167$2,404,857$4,957,274
65$6,145,379$3,032,965$2,432,052$5,346,032
66$6,717,158$3,126,531$2,458,477$5,771,665
67$7,345,525$3,222,948$2,484,053$6,237,878
68$8,036,197$3,322,300$2,508,696$6,748,750
69$8,795,472$3,424,676$2,532,321$7,308,779
70$9,630,290$3,530,165$2,554,834$7,922,919
71$10,548,297$3,638,860$2,576,137$8,596,629
72$11,557,915$3,750,857$2,596,130$9,335,925
73$12,668,425$3,866,252$2,614,704$10,147,435
74$13,890,054$3,985,147$2,631,745$11,038,463
75$15,234,066$4,107,646$2,647,135$12,017,055
76$16,712,874$4,233,854$2,660,748$13,092,081
77$18,340,157$4,363,883$2,672,453$14,273,313
78$20,130,983$4,497,843$2,682,110$15,571,518
79$22,101,958$4,635,852$2,689,575$16,998,562
80$24,271,377$4,778,028$2,694,696$18,567,522
81$26,659,400$4,924,494$2,697,310$20,292,806
82$29,288,241$5,075,376$2,697,251$22,190,292
83$32,182,374$5,230,802$2,694,343$24,277,479
84$35,368,772$5,390,907$2,688,398$26,573,647
85$38,877,151$5,555,826$2,679,224$29,100,044
86$42,740,259$5,725,700$2,666,617$31,880,087
87$46,994,180$5,900,674$2,650,363$34,939,579
88$51,678,675$6,080,895$2,630,239$38,306,953
89$56,837,558$6,266,517$2,606,010$42,013,547
90$62,519,108$6,457,695$2,577,430$46,093,892
91$68,776,525$6,654,591$2,544,243$50,586,042
92$75,668,434$6,857,370$2,506,178$55,531,931
93$83,259,434$7,066,201$2,462,955$60,977,774
94$91,620,710$7,281,258$2,414,278$66,974,498
95$100,830,704$7,502,721$2,359,837$73,578,224
96$110,975,854$7,730,773$2,299,310$80,850,800
97$122,151,413$7,965,602$2,232,359$88,860,382
98$134,462,344$8,207,403$2,158,629$97,682,078
99$148,024,311$8,456,374$2,077,752$107,398,659
100$162,964,773$8,712,719$1,989,339$118,101,340