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%13.9%
1 years$169,287$167,779$166,308$164,872$163,470$160,828
2 years$83,805$82,245$80,732$79,265$77,843$75,188
3 years$55,315$53,748$52,239$50,786$49,387$46,802
4 years$41,073$39,510$38,017$36,589$35,223$32,729
5 years$32,530$30,977$29,502$28,104$26,776$24,379
6 years$26,836$25,295$23,842$22,475$21,187$18,890
7 years$22,771$21,242$19,813$18,478$17,231$15,034
8 years$19,724$18,209$16,803$15,500$14,294$12,198
9 years$17,355$15,854$14,472$13,203$12,038$10,041
10 years$15,460$13,974$12,617$11,381$10,257$8,358
11 years$13,912$12,441$11,108$9,905$8,821$7,017
12 years$12,622$11,166$9,858$8,688$7,644$5,934
13 years$11,532$10,091$8,808$7,670$6,666$5,046
14 years$10,598$9,172$7,914$6,809$5,843$4,312
15 years$9,789$8,379$7,145$6,072$5,145$3,698
16 years$9,082$7,688$6,478$5,437$4,547$3,183
17 years$8,459$7,080$5,895$4,885$4,032$2,747
18 years$7,906$6,542$5,381$4,402$3,585$2,376
19 years$7,412$6,063$4,926$3,978$3,195$2,059
20 years$6,967$5,634$4,521$3,603$2,854$1,788
21 years$6,566$5,248$4,158$3,270$2,554$1,554
22 years$6,201$4,899$3,833$2,973$2,289$1,353
23 years$5,869$4,582$3,539$2,708$2,055$1,179
24 years$5,565$4,293$3,273$2,469$1,847$1,029
25 years$5,285$4,029$3,031$2,255$1,662$898
26 years$5,028$3,786$2,811$2,062$1,497$785
27 years$4,790$3,563$2,611$1,887$1,350$686
28 years$4,569$3,358$2,427$1,729$1,218$600
29 years$4,364$3,168$2,258$1,586$1,100$525
30 years$4,173$2,992$2,104$1,455$994$460
31 years$3,995$2,828$1,961$1,337$898$403
32 years$3,828$2,676$1,830$1,228$813$353
33 years$3,671$2,534$1,708$1,130$736$309
34 years$3,524$2,402$1,596$1,039$666$271
35 years$3,386$2,278$1,492$957$603$237
36 years$3,256$2,162$1,396$881$546$208
37 years$3,133$2,054$1,307$812$495$183
38 years$3,017$1,952$1,224$748$449$160
39 years$2,907$1,856$1,146$690$407$140
40 years$2,803$1,766$1,075$636$369$123
41 years$2,704$1,681$1,008$587$335$108
42 years$2,610$1,601$945$542$304$95
43 years$2,521$1,525$887$500$276$83
44 years$2,436$1,454$833$462$250$73
45 years$2,355$1,386$782$427$227$64
46 years$2,277$1,322$734$394$206$56
47 years$2,204$1,262$690$364$187$49
48 years$2,133$1,205$648$336$170$43
49 years$2,066$1,150$609$311$155$38
50 years$2,002$1,099$573$287$140$33

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 $5,060 every year, while hoping to spend $27,616 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: 62/8/30 Blend
52$2,050,000$2,050,000$2,050,000$2,050,000
53$2,264,319$2,155,669$2,123,894$2,386,088
54$2,465,897$2,231,914$2,165,662$2,545,834
55$2,687,109$2,310,969$2,207,903$2,716,777
56$2,929,931$2,392,943$2,250,604$2,902,875
57$3,196,536$2,477,949$2,293,751$3,105,618
58$3,489,318$2,566,104$2,337,327$3,326,646
59$3,810,917$2,657,531$2,381,316$3,567,767
60$4,164,238$2,752,358$2,425,697$3,830,972
61$4,552,482$2,850,716$2,470,450$4,118,452
62$4,979,178$2,952,743$2,515,553$4,432,622
63$5,448,210$3,058,583$2,560,980$4,776,142
64$5,963,860$3,168,387$2,606,705$5,151,941
65$6,530,844$3,282,308$2,652,700$5,563,246
66$7,154,359$3,400,510$2,698,934$6,013,611
67$7,840,129$3,523,160$2,745,374$6,506,952
68$8,594,463$3,650,436$2,791,985$7,047,582
69$9,424,309$3,782,519$2,838,728$7,640,254
70$10,337,327$3,919,600$2,885,563$8,290,203
71$11,341,952$4,061,878$2,932,447$9,003,197
72$12,447,480$4,209,559$2,979,333$9,785,590
73$13,664,155$4,362,860$3,026,173$10,644,383
74$15,003,262$4,522,003$3,072,913$11,587,291
75$16,477,237$4,687,223$3,119,498$12,622,811
76$18,099,782$4,858,764$3,165,868$13,760,309
77$19,885,996$5,036,880$3,211,961$15,010,101
78$21,852,515$5,221,834$3,257,708$16,383,557
79$24,017,670$5,413,902$3,303,040$17,893,201
80$26,401,661$5,613,372$3,347,881$19,552,837
81$29,026,746$5,820,544$3,392,151$21,377,672
82$31,917,452$6,035,728$3,435,765$23,384,464
83$35,100,804$6,259,250$3,478,635$25,591,677
84$38,606,582$6,491,450$3,520,666$28,019,659
85$42,467,604$6,732,681$3,561,758$30,690,829
86$46,720,028$6,983,311$3,601,806$33,629,892
87$51,403,703$7,243,725$3,640,698$36,864,071
88$56,562,537$7,514,324$3,678,318$40,423,364
89$62,244,915$7,795,525$3,714,541$44,340,827
90$68,504,155$8,087,765$3,749,237$48,652,884
91$75,399,011$8,391,497$3,782,268$53,399,674
92$82,994,226$8,707,197$3,813,491$58,625,428
93$91,361,145$9,035,358$3,842,751$64,378,886
94$100,578,388$9,376,496$3,869,889$70,713,757
95$110,732,589$9,731,150$3,894,736$77,689,227
96$121,919,218$10,099,881$3,917,114$85,370,516
97$134,243,478$10,483,275$3,936,837$93,829,496
98$147,821,300$10,881,943$3,953,709$103,145,365
99$162,780,437$11,296,522$3,967,522$113,405,400
100$179,261,670$11,727,680$3,978,062$124,705,776