Can I retire at age 53 with 2,010,000?

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 $2,010,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$165,984$164,505$163,063$161,655$160,280$154,964
2 years$82,170$80,640$79,157$77,719$76,324$71,019
3 years$54,236$52,699$51,220$49,795$48,423$43,296
4 years$40,272$38,739$37,275$35,875$34,536$29,627
5 years$31,895$30,372$28,927$27,555$26,253$21,575
6 years$26,313$24,801$23,377$22,036$20,773$16,330
7 years$22,327$20,828$19,427$18,117$16,894$12,684
8 years$19,339$17,853$16,475$15,198$14,016$10,036
9 years$17,016$15,545$14,190$12,945$11,803$8,050
10 years$15,159$13,702$12,371$11,159$10,057$6,524
11 years$13,640$12,198$10,891$9,712$8,649$5,329
12 years$12,376$10,948$9,666$8,518$7,495$4,381
13 years$11,307$9,894$8,636$7,520$6,536$3,620
14 years$10,391$8,993$7,759$6,676$5,729$3,003
15 years$9,598$8,216$7,006$5,954$5,045$2,500
16 years$8,905$7,538$6,352$5,331$4,458$2,086
17 years$8,294$6,942$5,780$4,790$3,953$1,745
18 years$7,752$6,415$5,276$4,317$3,515$1,463
19 years$7,267$5,945$4,830$3,900$3,133$1,228
20 years$6,831$5,524$4,433$3,533$2,798$1,032
21 years$6,438$5,146$4,077$3,206$2,504$868
22 years$6,080$4,803$3,758$2,915$2,245$731
23 years$5,754$4,492$3,470$2,655$2,015$616
24 years$5,456$4,209$3,209$2,421$1,811$519
25 years$5,182$3,950$2,972$2,211$1,630$438
26 years$4,930$3,712$2,756$2,022$1,468$370
27 years$4,696$3,494$2,560$1,851$1,324$312
28 years$4,480$3,292$2,380$1,696$1,194$264
29 years$4,279$3,106$2,214$1,555$1,078$223
30 years$4,091$2,933$2,063$1,427$974$188
31 years$3,917$2,773$1,923$1,311$881$159
32 years$3,753$2,624$1,794$1,204$797$134
33 years$3,600$2,485$1,675$1,108$721$114
34 years$3,456$2,355$1,565$1,019$653$96
35 years$3,320$2,234$1,463$938$591$81
36 years$3,192$2,120$1,369$864$536$69
37 years$3,072$2,013$1,281$796$486$58
38 years$2,958$1,914$1,200$734$440$49
39 years$2,850$1,820$1,124$677$399$42
40 years$2,748$1,731$1,054$624$362$35
41 years$2,651$1,648$988$576$329$30
42 years$2,559$1,569$927$531$298$25
43 years$2,471$1,495$870$490$271$21
44 years$2,388$1,425$816$453$246$18
45 years$2,309$1,359$766$418$223$15
46 years$2,233$1,297$720$386$202$13
47 years$2,161$1,237$676$357$184$11
48 years$2,092$1,181$636$330$167$9
49 years$2,026$1,128$597$305$152$8
50 years$1,962$1,078$562$282$138$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,010,000, adding $6,234 every year, while hoping to spend $40,581 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: 64/24/12 Blend
52$2,010,000$2,010,000$2,010,000$2,010,000
53$2,221,450$2,114,920$2,083,765$2,357,104
54$2,404,860$2,175,374$2,110,394$2,509,003
55$2,605,618$2,237,429$2,136,554$2,669,571
56$2,825,450$2,301,122$2,162,187$2,843,943
57$3,066,258$2,366,489$2,187,233$3,033,460
58$3,330,136$2,433,566$2,211,624$3,239,601
59$3,619,389$2,502,390$2,235,293$3,463,993
60$3,936,558$2,572,999$2,258,167$3,708,427
61$4,284,440$2,645,429$2,280,168$3,974,878
62$4,666,116$2,719,718$2,301,217$4,265,517
63$5,084,980$2,795,904$2,321,228$4,582,737
64$5,544,770$2,874,025$2,340,111$4,929,173
65$6,049,603$2,954,120$2,357,772$5,307,727
66$6,604,017$3,036,226$2,374,111$5,721,597
67$7,213,008$3,120,381$2,389,025$6,174,302
68$7,882,080$3,206,625$2,402,402$6,669,722
69$8,617,298$3,294,996$2,414,129$7,212,129
70$9,425,342$3,385,531$2,424,082$7,806,230
71$10,313,573$3,478,268$2,432,135$8,457,208
72$11,290,099$3,573,244$2,438,153$9,170,777
73$12,363,854$3,670,498$2,441,996$9,953,229
74$13,544,680$3,770,065$2,443,515$10,811,496
75$14,843,421$3,871,982$2,442,557$11,753,217
76$16,272,025$3,976,285$2,438,958$12,786,807
77$17,843,655$4,083,007$2,432,547$13,921,538
78$19,572,817$4,192,183$2,423,146$15,167,627
79$21,475,490$4,303,845$2,410,567$16,536,328
80$23,569,282$4,418,026$2,394,613$18,040,044
81$25,873,595$4,534,755$2,375,079$19,692,442
82$28,409,805$4,654,062$2,351,748$21,508,578
83$31,201,468$4,775,973$2,324,394$23,505,045
84$34,274,537$4,900,515$2,292,780$25,700,124
85$37,657,610$5,027,711$2,256,659$28,113,960
86$41,382,199$5,157,582$2,215,770$30,768,753
87$45,483,027$5,290,147$2,169,842$33,688,961
88$49,998,355$5,425,424$2,118,591$36,901,539
89$54,970,342$5,563,424$2,061,718$40,436,188
90$60,445,445$5,704,160$1,998,914$44,325,637
91$66,474,854$5,847,637$1,929,851$48,605,953
92$73,114,978$5,993,860$1,854,190$53,316,876
93$80,427,975$6,142,829$1,771,574$58,502,203
94$88,482,338$6,294,537$1,681,632$64,210,194
95$97,353,544$6,448,977$1,583,974$70,494,029
96$107,124,763$6,606,134$1,478,194$77,412,314
97$117,887,641$6,765,987$1,363,867$85,029,629
98$129,743,173$6,928,513$1,240,548$93,417,140
99$142,802,645$7,093,678$1,107,775$102,653,271
100$157,188,691$7,261,445$965,062$112,824,445