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%
1 years$165,984$164,505$163,063$161,655$160,280$156,980
2 years$82,170$80,640$79,157$77,719$76,324$73,014
3 years$54,236$52,699$51,220$49,795$48,423$45,207
4 years$40,272$38,739$37,275$35,875$34,536$31,438
5 years$31,895$30,372$28,927$27,555$26,253$23,283
6 years$26,313$24,801$23,377$22,036$20,773$17,933
7 years$22,327$20,828$19,427$18,117$16,894$14,185
8 years$19,339$17,853$16,475$15,198$14,016$11,436
9 years$17,016$15,545$14,190$12,945$11,803$9,352
10 years$15,159$13,702$12,371$11,159$10,057$7,732
11 years$13,640$12,198$10,891$9,712$8,649$6,447
12 years$12,376$10,948$9,666$8,518$7,495$5,413
13 years$11,307$9,894$8,636$7,520$6,536$4,570
14 years$10,391$8,993$7,759$6,676$5,729$3,876
15 years$9,598$8,216$7,006$5,954$5,045$3,299
16 years$8,905$7,538$6,352$5,331$4,458$2,817
17 years$8,294$6,942$5,780$4,790$3,953$2,412
18 years$7,752$6,415$5,276$4,317$3,515$2,070
19 years$7,267$5,945$4,830$3,900$3,133$1,780
20 years$6,831$5,524$4,433$3,533$2,798$1,532
21 years$6,438$5,146$4,077$3,206$2,504$1,321
22 years$6,080$4,803$3,758$2,915$2,245$1,141
23 years$5,754$4,492$3,470$2,655$2,015$986
24 years$5,456$4,209$3,209$2,421$1,811$852
25 years$5,182$3,950$2,972$2,211$1,630$738
26 years$4,930$3,712$2,756$2,022$1,468$639
27 years$4,696$3,494$2,560$1,851$1,324$554
28 years$4,480$3,292$2,380$1,696$1,194$480
29 years$4,279$3,106$2,214$1,555$1,078$416
30 years$4,091$2,933$2,063$1,427$974$361
31 years$3,917$2,773$1,923$1,311$881$313
32 years$3,753$2,624$1,794$1,204$797$272
33 years$3,600$2,485$1,675$1,108$721$236
34 years$3,456$2,355$1,565$1,019$653$205
35 years$3,320$2,234$1,463$938$591$178
36 years$3,192$2,120$1,369$864$536$155
37 years$3,072$2,013$1,281$796$486$134
38 years$2,958$1,914$1,200$734$440$117
39 years$2,850$1,820$1,124$677$399$102
40 years$2,748$1,731$1,054$624$362$88
41 years$2,651$1,648$988$576$329$77
42 years$2,559$1,569$927$531$298$67
43 years$2,471$1,495$870$490$271$58
44 years$2,388$1,425$816$453$246$50
45 years$2,309$1,359$766$418$223$44
46 years$2,233$1,297$720$386$202$38
47 years$2,161$1,237$676$357$184$33
48 years$2,092$1,181$636$330$167$29
49 years$2,026$1,128$597$305$152$25
50 years$1,962$1,078$562$282$138$22

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 $4,919 every year, while hoping to spend $45,232 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: 35/41/24 Blend
52$2,010,000$2,010,000$2,010,000$2,010,000
53$2,220,094$2,113,564$2,082,409$2,281,510
54$2,398,417$2,169,002$2,104,043$2,382,894
55$2,593,413$2,225,641$2,124,886$2,487,731
56$2,806,735$2,283,491$2,144,864$2,599,945
57$3,040,203$2,342,563$2,163,897$2,720,224
58$3,295,820$2,402,865$2,181,905$2,849,324
59$3,575,795$2,464,406$2,198,799$2,988,078
60$3,882,556$2,527,193$2,214,490$3,137,405
61$4,218,782$2,591,230$2,228,880$3,298,314
62$4,587,418$2,656,521$2,241,868$3,471,920
63$4,991,713$2,723,068$2,253,348$3,659,450
64$5,435,242$2,790,873$2,263,210$3,862,254
65$5,921,943$2,859,932$2,271,334$4,081,824
66$6,456,155$2,930,243$2,277,598$4,319,800
67$7,042,658$3,001,800$2,281,872$4,577,990
68$7,686,715$3,074,594$2,284,021$4,858,389
69$8,394,126$3,148,615$2,283,901$5,163,193
70$9,171,279$3,223,849$2,281,364$5,494,822
71$10,025,211$3,300,279$2,276,251$5,855,947
72$10,963,676$3,377,886$2,268,399$6,249,507
73$11,995,214$3,456,647$2,257,634$6,678,745
74$13,129,237$3,536,534$2,243,776$7,147,233
75$14,376,112$3,617,516$2,226,635$7,658,910
76$15,747,260$3,699,559$2,206,012$8,218,118
77$17,255,266$3,782,622$2,181,699$8,829,642
78$18,913,994$3,866,662$2,153,477$9,498,755
79$20,738,722$3,951,629$2,121,119$10,231,274
80$22,746,280$4,037,468$2,084,385$11,033,606
81$24,955,214$4,124,117$2,043,025$11,912,816
82$27,385,957$4,211,509$1,996,777$12,876,693
83$30,061,022$4,299,571$1,945,367$13,933,819
84$33,005,218$4,388,222$1,888,508$15,093,657
85$36,245,878$4,477,372$1,825,901$16,366,639
86$39,813,120$4,566,926$1,757,231$17,764,261
87$43,740,131$4,656,778$1,682,171$19,299,196
88$48,063,478$4,746,814$1,600,378$20,985,417
89$52,823,456$4,836,911$1,511,493$22,838,320
90$58,064,462$4,926,933$1,415,142$24,874,881
91$63,835,421$5,016,736$1,310,933$27,113,811
92$70,190,241$5,106,164$1,198,457$29,575,734
93$77,188,327$5,195,048$1,077,287$32,283,383
94$84,895,137$5,283,205$946,976$35,261,817
95$93,382,799$5,370,440$807,058$38,538,657
96$102,730,796$5,456,544$657,046$42,144,347
97$113,026,712$5,541,289$496,431$46,112,447
98$124,367,058$5,624,434$324,684$50,479,946
99$136,858,186$5,705,719$141,248$55,287,613
100$150,617,288$5,784,866$0$60,580,389