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

Use the below retirement simulation to view the chances of a successful retirement.
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%16.9%
1 years$165,984$164,505$163,063$161,655$160,280$155,774
2 years$82,170$80,640$79,157$77,719$76,324$71,818
3 years$54,236$52,699$51,220$49,795$48,423$44,059
4 years$40,272$38,739$37,275$35,875$34,536$30,347
5 years$31,895$30,372$28,927$27,555$26,253$22,252
6 years$26,313$24,801$23,377$22,036$20,773$16,962
7 years$22,327$20,828$19,427$18,117$16,894$13,274
8 years$19,339$17,853$16,475$15,198$14,016$10,583
9 years$17,016$15,545$14,190$12,945$11,803$8,556
10 years$15,159$13,702$12,371$11,159$10,057$6,991
11 years$13,640$12,198$10,891$9,712$8,649$5,759
12 years$12,376$10,948$9,666$8,518$7,495$4,775
13 years$11,307$9,894$8,636$7,520$6,536$3,981
14 years$10,391$8,993$7,759$6,676$5,729$3,332
15 years$9,598$8,216$7,006$5,954$5,045$2,799
16 years$8,905$7,538$6,352$5,331$4,458$2,358
17 years$8,294$6,942$5,780$4,790$3,953$1,992
18 years$7,752$6,415$5,276$4,317$3,515$1,685
19 years$7,267$5,945$4,830$3,900$3,133$1,428
20 years$6,831$5,524$4,433$3,533$2,798$1,212
21 years$6,438$5,146$4,077$3,206$2,504$1,030
22 years$6,080$4,803$3,758$2,915$2,245$876
23 years$5,754$4,492$3,470$2,655$2,015$746
24 years$5,456$4,209$3,209$2,421$1,811$636
25 years$5,182$3,950$2,972$2,211$1,630$542
26 years$4,930$3,712$2,756$2,022$1,468$462
27 years$4,696$3,494$2,560$1,851$1,324$394
28 years$4,480$3,292$2,380$1,696$1,194$337
29 years$4,279$3,106$2,214$1,555$1,078$287
30 years$4,091$2,933$2,063$1,427$974$245
31 years$3,917$2,773$1,923$1,311$881$210
32 years$3,753$2,624$1,794$1,204$797$179
33 years$3,600$2,485$1,675$1,108$721$153
34 years$3,456$2,355$1,565$1,019$653$131
35 years$3,320$2,234$1,463$938$591$112
36 years$3,192$2,120$1,369$864$536$96
37 years$3,072$2,013$1,281$796$486$82
38 years$2,958$1,914$1,200$734$440$70
39 years$2,850$1,820$1,124$677$399$60
40 years$2,748$1,731$1,054$624$362$51
41 years$2,651$1,648$988$576$329$44
42 years$2,559$1,569$927$531$298$37
43 years$2,471$1,495$870$490$271$32
44 years$2,388$1,425$816$453$246$27
45 years$2,309$1,359$766$418$223$23
46 years$2,233$1,297$720$386$202$20
47 years$2,161$1,237$676$357$184$17
48 years$2,092$1,181$636$330$167$15
49 years$2,026$1,128$597$305$152$13
50 years$1,962$1,078$562$282$138$11

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 $3,710 every year, while hoping to spend $47,433 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: 32/48/20 Blend
52$2,010,000$2,010,000$2,010,000$2,010,000
53$2,218,847$2,112,317$2,081,162$2,275,984
54$2,394,701$2,165,352$2,100,412$2,372,093
55$2,586,902$2,219,396$2,118,718$2,470,967
56$2,797,068$2,274,449$2,135,997$2,576,475
57$3,026,980$2,330,507$2,152,164$2,689,225
58$3,278,598$2,387,568$2,167,127$2,809,890
59$3,554,081$2,445,625$2,180,792$2,939,206
60$3,855,807$2,504,670$2,193,058$3,077,990
61$4,186,394$2,564,694$2,203,820$3,227,136
62$4,548,726$2,625,683$2,212,968$3,387,633
63$4,945,978$2,687,624$2,220,384$3,560,569
64$5,381,648$2,750,498$2,225,948$3,747,145
65$5,859,589$2,814,285$2,229,530$3,948,680
66$6,384,043$2,878,962$2,230,996$4,166,634
67$6,959,686$2,944,501$2,230,204$4,402,610
68$7,591,665$3,010,872$2,227,007$4,658,379
69$8,285,651$3,078,042$2,221,248$4,935,891
70$9,047,893$3,145,971$2,212,765$5,237,298
71$9,885,272$3,214,618$2,201,387$5,564,968
72$10,805,371$3,283,935$2,186,934$5,921,516
73$11,816,541$3,353,870$2,169,219$6,309,822
74$12,927,985$3,424,366$2,148,045$6,733,061
75$14,149,840$3,495,361$2,123,205$7,194,735
76$15,493,275$3,566,785$2,094,483$7,698,702
77$16,970,595$3,638,563$2,061,655$8,249,218
78$18,595,357$3,710,615$2,024,482$8,850,974
79$20,382,499$3,782,850$1,982,717$9,509,141
80$22,348,477$3,855,173$1,936,102$10,229,422
81$24,511,425$3,927,480$1,884,364$11,018,101
82$26,891,320$3,999,656$1,827,220$11,882,108
83$29,510,176$4,071,581$1,764,373$12,829,085
84$32,392,247$4,143,122$1,695,513$13,867,453
85$35,564,259$4,214,137$1,620,316$15,006,499
86$39,055,658$4,284,475$1,538,441$16,256,460
87$42,898,891$4,353,970$1,449,535$17,628,623
88$47,129,710$4,422,446$1,353,226$19,135,429
89$51,787,509$4,489,714$1,249,127$20,790,596
90$56,915,696$4,555,572$1,136,835$22,609,246
91$62,562,103$4,619,801$1,015,924$24,608,048
92$68,779,436$4,682,169$885,956$26,805,382
93$75,625,770$4,742,427$746,467$29,221,507
94$83,165,101$4,800,309$596,976$31,878,756
95$91,467,948$4,855,530$436,981$34,801,752
96$100,612,015$4,907,787$265,956$38,017,634
97$110,682,928$4,956,757$83,354$41,556,322
98$121,775,042$5,002,093$0$45,450,796
99$133,992,329$5,043,428$0$49,761,212
100$147,449,361$5,080,370$0$54,524,377