Can I retire at age 53 with 2,020,000?

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 $2,020,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$166,810$165,324$163,874$162,459$161,078$154,809
2 years$82,579$81,041$79,551$78,105$76,704$70,464
3 years$54,506$52,961$51,474$50,043$48,664$42,649
4 years$40,472$38,932$37,460$36,053$34,708$28,964
5 years$32,054$30,523$29,071$27,692$26,384$20,926
6 years$26,444$24,925$23,493$22,146$20,877$15,708
7 years$22,438$20,932$19,523$18,207$16,978$12,098
8 years$19,435$17,942$16,557$15,274$14,085$9,487
9 years$17,101$15,622$14,261$13,010$11,862$7,540
10 years$15,234$13,770$12,433$11,214$10,107$6,053
11 years$13,708$12,259$10,946$9,760$8,692$4,897
12 years$12,437$11,003$9,714$8,561$7,533$3,985
13 years$11,363$9,943$8,679$7,558$6,569$3,259
14 years$10,443$9,038$7,798$6,709$5,758$2,676
15 years$9,646$8,256$7,040$5,983$5,070$2,204
16 years$8,949$7,575$6,383$5,357$4,481$1,819
17 years$8,335$6,976$5,808$4,814$3,973$1,505
18 years$7,790$6,447$5,302$4,338$3,532$1,247
19 years$7,303$5,975$4,854$3,920$3,149$1,035
20 years$6,865$5,552$4,455$3,550$2,812$860
21 years$6,470$5,171$4,098$3,222$2,517$715
22 years$6,110$4,827$3,777$2,929$2,256$595
23 years$5,783$4,515$3,487$2,668$2,025$496
24 years$5,483$4,230$3,225$2,433$1,820$413
25 years$5,208$3,970$2,987$2,222$1,638$344
26 years$4,954$3,731$2,770$2,032$1,475$287
27 years$4,720$3,511$2,572$1,860$1,330$239
28 years$4,502$3,309$2,391$1,704$1,200$200
29 years$4,300$3,121$2,225$1,563$1,084$167
30 years$4,112$2,948$2,073$1,434$979$139
31 years$3,936$2,787$1,932$1,317$885$116
32 years$3,772$2,637$1,803$1,210$801$97
33 years$3,618$2,497$1,683$1,113$725$81
34 years$3,473$2,367$1,573$1,024$656$68
35 years$3,337$2,245$1,471$943$594$56
36 years$3,208$2,131$1,376$868$538$47
37 years$3,087$2,023$1,288$800$488$39
38 years$2,973$1,923$1,206$737$442$33
39 years$2,864$1,829$1,130$680$401$27
40 years$2,762$1,740$1,059$627$364$23
41 years$2,664$1,656$993$579$330$19
42 years$2,572$1,577$931$534$300$16
43 years$2,484$1,503$874$493$272$13
44 years$2,400$1,432$820$455$247$11
45 years$2,320$1,366$770$420$224$9
46 years$2,244$1,303$723$388$203$8
47 years$2,172$1,244$680$359$185$7
48 years$2,102$1,187$639$331$168$5
49 years$2,036$1,134$600$306$152$5
50 years$1,972$1,083$564$283$138$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,020,000, adding $6,875 every year, while hoping to spend $22,044 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: 52/35/13 Blend
52$2,020,000$2,020,000$2,020,000$2,020,000
53$2,233,132$2,126,072$2,094,762$2,341,174
54$2,437,456$2,206,794$2,141,481$2,496,452
55$2,661,883$2,290,734$2,189,028$2,662,319
56$2,908,440$2,378,024$2,237,404$2,842,211
57$3,179,359$2,468,806$2,286,616$3,037,459
58$3,477,101$2,563,225$2,336,665$3,249,528
59$3,804,377$2,661,434$2,387,554$3,480,027
60$4,164,171$2,763,592$2,439,286$3,730,726
61$4,559,775$2,869,867$2,491,860$4,003,572
62$4,994,813$2,980,431$2,545,278$4,300,704
63$5,473,277$3,095,465$2,599,538$4,624,479
64$5,999,568$3,215,160$2,654,640$4,977,487
65$6,578,534$3,339,712$2,710,579$5,362,578
66$7,215,514$3,469,328$2,767,354$5,782,887
67$7,916,395$3,604,224$2,824,959$6,241,866
68$8,687,660$3,744,623$2,883,387$6,743,312
69$9,536,453$3,890,762$2,942,633$7,291,404
70$10,470,647$4,042,885$3,002,687$7,890,742
71$11,498,915$4,201,248$3,063,539$8,546,391
72$12,630,815$4,366,119$3,125,177$9,263,922
73$13,876,877$4,537,778$3,187,590$10,049,471
74$15,248,706$4,716,517$3,250,761$10,909,795
75$16,759,087$4,902,640$3,314,675$11,852,328
76$18,422,110$5,096,465$3,379,313$12,885,260
77$20,253,300$5,298,327$3,444,655$14,017,607
78$22,269,764$5,508,572$3,510,678$15,259,295
79$24,490,351$5,727,563$3,577,357$16,621,258
80$26,935,834$5,955,681$3,644,666$18,115,534
81$29,629,102$6,193,322$3,712,575$19,755,381
82$32,595,376$6,440,901$3,781,052$21,555,401
83$35,862,450$6,698,850$3,850,062$23,531,674
84$39,460,949$6,967,622$3,919,568$25,701,911
85$43,424,621$7,247,692$3,989,529$28,085,621
86$47,790,655$7,539,552$4,059,902$30,704,289
87$52,600,032$7,843,720$4,130,639$33,581,582
88$57,897,910$8,160,736$4,201,689$36,743,569
89$63,734,050$8,491,165$4,272,999$40,218,967
90$70,163,288$8,835,598$4,344,510$44,039,407
91$77,246,053$9,194,652$4,416,160$48,239,736
92$85,048,932$9,568,971$4,487,883$52,858,339
93$93,645,304$9,959,231$4,559,608$57,937,503
94$103,116,029$10,366,138$4,631,259$63,523,815
95$113,550,214$10,790,429$4,702,756$69,668,595
96$125,046,050$11,232,874$4,774,013$76,428,383
97$137,711,744$11,694,282$4,844,939$83,865,470
98$151,666,535$12,175,495$4,915,438$92,048,482
99$167,041,823$12,677,395$4,985,406$101,053,025
100$183,982,407$13,200,906$5,054,736$110,962,402