Can I retire at age 53 with 2,050,000?

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 $2,050,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$169,287$167,779$166,308$164,872$163,470$158,491
2 years$83,805$82,245$80,732$79,265$77,843$72,869
3 years$55,315$53,748$52,239$50,786$49,387$44,575
4 years$41,073$39,510$38,017$36,589$35,223$30,609
5 years$32,530$30,977$29,502$28,104$26,776$22,373
6 years$26,836$25,295$23,842$22,475$21,187$16,999
7 years$22,771$21,242$19,813$18,478$17,231$13,257
8 years$19,724$18,209$16,803$15,500$14,294$10,533
9 years$17,355$15,854$14,472$13,203$12,038$8,484
10 years$15,460$13,974$12,617$11,381$10,257$6,906
11 years$13,912$12,441$11,108$9,905$8,821$5,667
12 years$12,622$11,166$9,858$8,688$7,644$4,681
13 years$11,532$10,091$8,808$7,670$6,666$3,886
14 years$10,598$9,172$7,914$6,809$5,843$3,240
15 years$9,789$8,379$7,145$6,072$5,145$2,710
16 years$9,082$7,688$6,478$5,437$4,547$2,273
17 years$8,459$7,080$5,895$4,885$4,032$1,911
18 years$7,906$6,542$5,381$4,402$3,585$1,610
19 years$7,412$6,063$4,926$3,978$3,195$1,359
20 years$6,967$5,634$4,521$3,603$2,854$1,148
21 years$6,566$5,248$4,158$3,270$2,554$971
22 years$6,201$4,899$3,833$2,973$2,289$822
23 years$5,869$4,582$3,539$2,708$2,055$697
24 years$5,565$4,293$3,273$2,469$1,847$591
25 years$5,285$4,029$3,031$2,255$1,662$501
26 years$5,028$3,786$2,811$2,062$1,497$425
27 years$4,790$3,563$2,611$1,887$1,350$361
28 years$4,569$3,358$2,427$1,729$1,218$307
29 years$4,364$3,168$2,258$1,586$1,100$261
30 years$4,173$2,992$2,104$1,455$994$221
31 years$3,995$2,828$1,961$1,337$898$188
32 years$3,828$2,676$1,830$1,228$813$160
33 years$3,671$2,534$1,708$1,130$736$136
34 years$3,524$2,402$1,596$1,039$666$116
35 years$3,386$2,278$1,492$957$603$98
36 years$3,256$2,162$1,396$881$546$84
37 years$3,133$2,054$1,307$812$495$71
38 years$3,017$1,952$1,224$748$449$61
39 years$2,907$1,856$1,146$690$407$52
40 years$2,803$1,766$1,075$636$369$44
41 years$2,704$1,681$1,008$587$335$37
42 years$2,610$1,601$945$542$304$32
43 years$2,521$1,525$887$500$276$27
44 years$2,436$1,454$833$462$250$23
45 years$2,355$1,386$782$427$227$20
46 years$2,277$1,322$734$394$206$17
47 years$2,204$1,262$690$364$187$14
48 years$2,133$1,205$648$336$170$12
49 years$2,066$1,150$609$311$155$10
50 years$2,002$1,099$573$287$140$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,050,000, adding $2,417 every year, while hoping to spend $41,199 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: 42/50/8 Blend
52$2,050,000$2,050,000$2,050,000$2,050,000
53$2,261,593$2,152,943$2,121,168$2,351,178
54$2,448,440$2,214,602$2,148,392$2,475,493
55$2,652,965$2,277,901$2,175,147$2,605,665
56$2,876,927$2,342,878$2,201,374$2,745,672
57$3,122,264$2,409,569$2,227,010$2,896,425
58$3,391,109$2,478,013$2,251,990$3,058,928
59$3,685,814$2,548,247$2,276,243$3,234,282
60$4,008,966$2,620,310$2,299,696$3,423,699
61$4,363,417$2,694,242$2,322,272$3,628,513
62$4,752,306$2,770,080$2,343,888$3,850,190
63$5,179,092$2,847,864$2,364,459$4,090,347
64$5,647,584$2,927,635$2,383,894$4,350,758
65$6,161,980$3,009,431$2,402,097$4,633,380
66$6,726,902$3,093,294$2,418,967$4,940,366
67$7,347,443$3,179,262$2,434,400$5,274,083
68$8,029,213$3,267,376$2,448,282$5,637,142
69$8,778,391$3,357,676$2,460,498$6,032,413
70$9,601,787$3,450,202$2,470,925$6,463,060
71$10,506,901$3,544,994$2,479,433$6,932,563
72$11,501,997$3,642,091$2,485,886$7,444,759
73$12,596,180$3,741,533$2,490,143$8,003,868
74$13,799,481$3,843,359$2,492,053$8,614,544
75$15,122,951$3,947,606$2,491,459$9,281,907
76$16,578,766$4,054,313$2,488,197$10,011,600
77$18,180,343$4,163,516$2,482,094$10,809,837
78$19,942,462$4,275,253$2,472,969$11,683,465
79$21,881,411$4,389,558$2,460,631$12,640,025
80$24,015,134$4,506,466$2,444,882$13,687,824
81$26,363,405$4,626,010$2,425,512$14,836,013
82$28,948,009$4,748,221$2,402,304$16,094,675
83$31,792,952$4,873,130$2,375,027$17,474,919
84$34,924,685$5,000,765$2,343,442$18,988,981
85$38,372,353$5,131,153$2,307,298$20,650,345
86$42,168,072$5,264,319$2,266,332$22,473,867
87$46,347,230$5,400,285$2,220,268$24,475,914
88$50,948,819$5,539,070$2,168,819$26,674,522
89$56,015,806$5,680,693$2,111,682$29,089,561
90$61,595,538$5,825,166$2,048,543$31,742,926
91$67,740,185$5,972,501$1,979,071$34,658,743
92$74,507,236$6,122,706$1,902,922$37,863,596
93$81,960,039$6,275,784$1,819,735$41,386,777
94$90,168,400$6,431,734$1,729,133$45,260,564
95$99,209,239$6,590,551$1,630,721$49,520,523
96$109,167,319$6,752,225$1,524,088$54,205,847
97$120,136,043$6,916,742$1,408,803$59,359,725
98$132,218,338$7,084,081$1,284,416$65,029,746
99$145,527,622$7,254,214$1,150,457$71,268,352
100$160,188,877$7,427,109$1,006,436$78,133,334