Can I retire at age 53 with 2,060,000?

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 $2,060,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$170,113$168,598$167,119$165,676$164,267$162,080
2 years$84,214$82,646$81,126$79,652$78,223$76,023
3 years$55,585$54,010$52,494$51,034$49,628$47,483
4 years$41,273$39,703$38,202$36,767$35,395$33,322
5 years$32,689$31,128$29,646$28,241$26,907$24,912
6 years$26,967$25,418$23,959$22,584$21,290$19,376
7 years$22,882$21,346$19,910$18,568$17,315$15,482
8 years$19,820$18,298$16,885$15,576$14,364$12,612
9 years$17,439$15,931$14,543$13,267$12,097$10,425
10 years$15,536$14,043$12,679$11,437$10,307$8,714
11 years$13,980$12,501$11,162$9,953$8,864$7,349
12 years$12,684$11,221$9,906$8,730$7,682$6,242
13 years$11,588$10,140$8,851$7,708$6,699$5,333
14 years$10,649$9,217$7,952$6,842$5,872$4,578
15 years$9,837$8,420$7,180$6,102$5,170$3,946
16 years$9,127$7,725$6,510$5,463$4,569$3,412
17 years$8,501$7,115$5,924$4,909$4,052$2,959
18 years$7,945$6,574$5,407$4,424$3,602$2,573
19 years$7,448$6,093$4,950$3,997$3,211$2,241
20 years$7,001$5,662$4,543$3,620$2,868$1,956
21 years$6,598$5,274$4,179$3,286$2,567$1,710
22 years$6,231$4,923$3,851$2,987$2,301$1,496
23 years$5,897$4,604$3,556$2,721$2,065$1,311
24 years$5,592$4,314$3,289$2,481$1,856$1,150
25 years$5,311$4,048$3,046$2,266$1,670$1,010
26 years$5,052$3,805$2,825$2,072$1,505$887
27 years$4,813$3,581$2,623$1,897$1,356$780
28 years$4,591$3,374$2,439$1,738$1,224$686
29 years$4,385$3,183$2,269$1,594$1,105$604
30 years$4,193$3,006$2,114$1,462$999$532
31 years$4,014$2,842$1,971$1,343$903$468
32 years$3,846$2,689$1,839$1,234$817$413
33 years$3,689$2,546$1,717$1,135$739$364
34 years$3,542$2,413$1,604$1,044$669$321
35 years$3,403$2,289$1,500$961$606$283
36 years$3,272$2,173$1,403$885$549$249
37 years$3,148$2,064$1,313$816$498$220
38 years$3,032$1,961$1,230$752$451$194
39 years$2,921$1,865$1,152$693$409$171
40 years$2,816$1,774$1,080$640$371$151
41 years$2,717$1,689$1,013$590$337$133
42 years$2,623$1,608$950$545$306$118
43 years$2,533$1,533$891$503$277$104
44 years$2,448$1,461$837$464$252$92
45 years$2,366$1,393$786$429$228$81
46 years$2,289$1,329$738$396$207$72
47 years$2,215$1,268$693$366$188$63
48 years$2,144$1,211$651$338$171$56
49 years$2,076$1,156$612$312$155$49
50 years$2,011$1,104$576$289$141$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,060,000, adding $3,426 every year, while hoping to spend $43,607 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: 43/31/26 Blend
52$2,060,000$2,060,000$2,060,000$2,060,000
53$2,273,654$2,164,474$2,132,544$2,354,055
54$2,459,169$2,224,136$2,157,587$2,471,478
55$2,662,145$2,285,259$2,182,007$2,594,198
56$2,884,318$2,347,870$2,205,737$2,726,315
57$3,127,596$2,411,994$2,228,708$2,868,726
58$3,394,085$2,477,656$2,250,844$3,022,414
59$3,686,102$2,544,881$2,272,067$3,188,465
60$4,006,197$2,613,694$2,292,294$3,368,073
61$4,357,182$2,684,117$2,311,439$3,562,555
62$4,742,152$2,756,176$2,329,409$3,773,361
63$5,164,515$2,829,892$2,346,108$4,002,088
64$5,628,027$2,905,288$2,361,434$4,250,495
65$6,136,824$2,982,386$2,375,281$4,520,521
66$6,695,463$3,061,206$2,387,535$4,814,302
67$7,308,963$3,141,767$2,398,080$5,134,190
68$7,982,852$3,224,089$2,406,791$5,482,778
69$8,723,222$3,308,188$2,413,537$5,862,924
70$9,536,782$3,394,081$2,418,183$6,277,775
71$10,430,925$3,481,782$2,420,583$6,730,800
72$11,413,794$3,571,305$2,420,587$7,225,824
73$12,494,362$3,662,659$2,418,038$7,767,057
74$13,682,513$3,755,856$2,412,768$8,359,143
75$14,989,138$3,850,901$2,404,604$9,007,199
76$16,426,236$3,947,801$2,393,364$9,716,862
77$18,007,025$4,046,557$2,378,855$10,494,347
78$19,746,073$4,147,169$2,360,878$11,346,502
79$21,659,427$4,249,635$2,339,222$12,280,874
80$23,764,770$4,353,948$2,313,667$13,305,781
81$26,081,584$4,460,099$2,283,982$14,430,391
82$28,631,336$4,568,075$2,249,927$15,664,807
83$31,437,681$4,677,859$2,211,248$17,020,165
84$34,526,680$4,789,429$2,167,680$18,508,736
85$37,927,051$4,902,761$2,118,947$20,144,046
86$41,670,437$5,017,824$2,064,759$21,941,002
87$45,791,706$5,134,581$2,004,812$23,916,034
88$50,329,277$5,252,993$1,938,791$26,087,249
89$55,325,485$5,373,011$1,866,362$28,474,603
90$60,826,979$5,494,583$1,787,179$31,100,091
91$66,885,161$5,617,648$1,700,881$33,987,954
92$73,556,674$5,742,139$1,607,087$37,164,908
93$80,903,932$5,867,981$1,505,401$40,660,400
94$88,995,711$5,995,090$1,395,410$44,506,882
95$97,907,798$6,123,374$1,276,681$48,740,119
96$107,723,705$6,252,732$1,148,762$53,399,531
97$118,535,459$6,383,051$1,011,181$58,528,562
98$130,444,465$6,514,210$863,445$64,175,093
99$143,562,469$6,646,076$705,039$70,391,894
100$158,012,609$6,778,501$535,426$77,237,123