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%15.7%
1 years$165,984$164,505$163,063$161,655$160,280$156,533
2 years$82,170$80,640$79,157$77,719$76,324$72,570
3 years$54,236$52,699$51,220$49,795$48,423$44,779
4 years$40,272$38,739$37,275$35,875$34,536$31,031
5 years$31,895$30,372$28,927$27,555$26,253$22,897
6 years$26,313$24,801$23,377$22,036$20,773$17,569
7 years$22,327$20,828$19,427$18,117$16,894$13,842
8 years$19,339$17,853$16,475$15,198$14,016$11,114
9 years$17,016$15,545$14,190$12,945$11,803$9,051
10 years$15,159$13,702$12,371$11,159$10,057$7,450
11 years$13,640$12,198$10,891$9,712$8,649$6,185
12 years$12,376$10,948$9,666$8,518$7,495$5,169
13 years$11,307$9,894$8,636$7,520$6,536$4,344
14 years$10,391$8,993$7,759$6,676$5,729$3,666
15 years$9,598$8,216$7,006$5,954$5,045$3,106
16 years$8,905$7,538$6,352$5,331$4,458$2,639
17 years$8,294$6,942$5,780$4,790$3,953$2,248
18 years$7,752$6,415$5,276$4,317$3,515$1,919
19 years$7,267$5,945$4,830$3,900$3,133$1,642
20 years$6,831$5,524$4,433$3,533$2,798$1,406
21 years$6,438$5,146$4,077$3,206$2,504$1,206
22 years$6,080$4,803$3,758$2,915$2,245$1,035
23 years$5,754$4,492$3,470$2,655$2,015$890
24 years$5,456$4,209$3,209$2,421$1,811$765
25 years$5,182$3,950$2,972$2,211$1,630$659
26 years$4,930$3,712$2,756$2,022$1,468$567
27 years$4,696$3,494$2,560$1,851$1,324$489
28 years$4,480$3,292$2,380$1,696$1,194$421
29 years$4,279$3,106$2,214$1,555$1,078$363
30 years$4,091$2,933$2,063$1,427$974$313
31 years$3,917$2,773$1,923$1,311$881$270
32 years$3,753$2,624$1,794$1,204$797$233
33 years$3,600$2,485$1,675$1,108$721$201
34 years$3,456$2,355$1,565$1,019$653$174
35 years$3,320$2,234$1,463$938$591$150
36 years$3,192$2,120$1,369$864$536$130
37 years$3,072$2,013$1,281$796$486$112
38 years$2,958$1,914$1,200$734$440$97
39 years$2,850$1,820$1,124$677$399$84
40 years$2,748$1,731$1,054$624$362$72
41 years$2,651$1,648$988$576$329$62
42 years$2,559$1,569$927$531$298$54
43 years$2,471$1,495$870$490$271$47
44 years$2,388$1,425$816$453$246$40
45 years$2,309$1,359$766$418$223$35
46 years$2,233$1,297$720$386$202$30
47 years$2,161$1,237$676$357$184$26
48 years$2,092$1,181$636$330$167$22
49 years$2,026$1,128$597$305$152$19
50 years$1,962$1,078$562$282$138$17

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 $2,641 every year, while hoping to spend $29,806 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: 56/25/19 Blend
52$2,010,000$2,010,000$2,010,000$2,010,000
53$2,217,744$2,111,214$2,080,059$2,330,525
54$2,412,241$2,182,950$2,118,028$2,479,429
55$2,625,577$2,257,203$2,156,269$2,638,141
56$2,859,643$2,334,063$2,194,762$2,810,381
57$3,116,521$2,413,626$2,233,481$2,997,454
58$3,398,504$2,495,992$2,272,400$3,200,798
59$3,708,119$2,581,262$2,311,493$3,421,991
60$4,048,147$2,669,545$2,350,728$3,662,774
61$4,421,655$2,760,950$2,390,075$3,925,062
62$4,832,020$2,855,592$2,429,498$4,210,962
63$5,282,962$2,953,592$2,468,962$4,522,794
64$5,778,579$3,055,073$2,508,428$4,863,112
65$6,323,387$3,160,165$2,547,853$5,234,730
66$6,922,361$3,269,001$2,587,194$5,640,742
67$7,580,980$3,381,720$2,626,403$6,084,559
68$8,305,283$3,498,468$2,665,431$6,569,935
69$9,101,923$3,619,394$2,704,224$7,101,005
70$9,978,230$3,744,655$2,742,726$7,682,322
71$10,942,279$3,874,413$2,780,877$8,318,900
72$12,002,969$4,008,836$2,818,614$9,016,264
73$13,170,103$4,148,100$2,855,869$9,780,496
74$14,454,485$4,292,388$2,892,571$10,618,296
75$15,868,015$4,441,888$2,928,645$11,537,045
76$17,423,810$4,596,797$2,964,012$12,544,871
77$19,136,319$4,757,321$2,998,587$13,650,731
78$21,021,465$4,923,672$3,032,281$14,864,489
79$23,096,794$5,096,071$3,065,002$16,197,012
80$25,381,636$5,274,748$3,096,649$17,660,271
81$27,897,296$5,459,943$3,127,120$19,267,455
82$30,667,245$5,651,905$3,156,303$21,033,093
83$33,717,348$5,850,892$3,184,083$22,973,192
84$37,076,105$6,057,174$3,210,338$25,105,388
85$40,774,923$6,271,031$3,234,940$27,449,109
86$44,848,408$6,492,754$3,257,753$30,025,763
87$49,334,693$6,722,647$3,278,635$32,858,933
88$54,275,800$6,961,024$3,297,437$35,974,606
89$59,718,031$7,208,215$3,314,001$39,401,411
90$65,712,413$7,464,559$3,328,162$43,170,895
91$72,315,170$7,730,414$3,339,747$47,317,815
92$79,588,261$8,006,148$3,348,572$51,880,468
93$87,599,962$8,292,147$3,354,447$56,901,051
94$96,425,507$8,588,812$3,357,171$62,426,060
95$106,147,804$8,896,559$3,356,531$68,506,727
96$116,858,213$9,215,823$3,352,307$75,199,501
97$128,657,408$9,547,055$3,344,267$82,566,586
98$141,656,330$9,890,728$3,332,167$90,676,520
99$155,977,233$10,247,330$3,315,751$99,604,827
100$171,754,833$10,617,372$3,294,752$109,434,725