Can I retire at age 53 with 2,080,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,080,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$171,764$170,234$168,742$167,285$165,862$164,335
2 years$85,032$83,448$81,913$80,425$78,982$77,444
3 years$56,125$54,534$53,003$51,529$50,109$48,607
4 years$41,674$40,089$38,573$37,124$35,738$34,284
5 years$33,006$31,430$29,934$28,515$27,168$25,765
6 years$27,229$25,665$24,191$22,803$21,497$20,148
7 years$23,104$21,553$20,103$18,748$17,483$16,189
8 years$20,012$18,475$17,049$15,727$14,504$13,264
9 years$17,609$16,086$14,684$13,396$12,214$11,028
10 years$15,687$14,179$12,802$11,548$10,407$9,274
11 years$14,115$12,623$11,271$10,050$8,950$7,870
12 years$12,807$11,329$10,003$8,815$7,756$6,727
13 years$11,700$10,239$8,937$7,782$6,764$5,785
14 years$10,753$9,307$8,030$6,908$5,929$4,999
15 years$9,932$8,502$7,250$6,161$5,220$4,338
16 years$9,215$7,800$6,573$5,517$4,614$3,777
17 years$8,583$7,184$5,981$4,957$4,091$3,299
18 years$8,022$6,638$5,460$4,467$3,637$2,889
19 years$7,520$6,152$4,998$4,036$3,242$2,535
20 years$7,069$5,717$4,587$3,656$2,896$2,228
21 years$6,662$5,325$4,219$3,318$2,591$1,962
22 years$6,292$4,971$3,889$3,016$2,323$1,731
23 years$5,955$4,649$3,591$2,747$2,085$1,528
24 years$5,646$4,356$3,321$2,506$1,874$1,351
25 years$5,363$4,088$3,076$2,288$1,686$1,195
26 years$5,101$3,842$2,852$2,092$1,519$1,058
27 years$4,860$3,616$2,649$1,915$1,370$938
28 years$4,636$3,407$2,462$1,755$1,236$832
29 years$4,428$3,214$2,291$1,609$1,116$738
30 years$4,234$3,035$2,134$1,477$1,008$655
31 years$4,053$2,869$1,990$1,356$912$582
32 years$3,884$2,715$1,857$1,246$825$517
33 years$3,725$2,571$1,733$1,146$746$459
34 years$3,576$2,437$1,620$1,055$676$408
35 years$3,436$2,311$1,514$971$612$363
36 years$3,304$2,194$1,417$894$554$323
37 years$3,179$2,084$1,326$824$503$287
38 years$3,061$1,980$1,242$759$456$256
39 years$2,949$1,883$1,163$700$413$228
40 years$2,844$1,791$1,090$646$375$203
41 years$2,743$1,705$1,022$596$340$180
42 years$2,648$1,624$959$550$309$161
43 years$2,558$1,547$900$508$280$143
44 years$2,471$1,475$845$469$254$127
45 years$2,389$1,407$793$433$231$113
46 years$2,311$1,342$745$400$209$101
47 years$2,236$1,280$700$369$190$90
48 years$2,165$1,222$658$341$173$80
49 years$2,096$1,167$618$315$157$71
50 years$2,031$1,115$581$292$143$64

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,080,000, adding $5,083 every year, while hoping to spend $52,317 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: 52/43/5 Blend
52$2,080,000$2,080,000$2,080,000$2,080,000
53$2,297,403$2,187,163$2,154,923$2,414,026
54$2,476,073$2,238,669$2,171,448$2,545,114
55$2,671,215$2,290,946$2,186,773$2,681,443
56$2,884,451$2,343,975$2,200,803$2,828,418
57$3,117,573$2,397,737$2,213,438$2,987,050
58$3,372,548$2,452,209$2,224,571$3,158,453
59$3,651,546$2,507,365$2,234,092$3,343,852
60$3,956,954$2,563,177$2,241,884$3,544,596
61$4,291,401$2,619,610$2,247,825$3,762,170
62$4,657,784$2,676,631$2,251,787$3,998,212
63$5,059,291$2,734,198$2,253,634$4,254,524
64$5,499,433$2,792,269$2,253,226$4,533,091
65$5,982,078$2,850,793$2,250,412$4,836,101
66$6,511,487$2,909,719$2,245,038$5,165,963
67$7,092,352$2,968,988$2,236,940$5,525,330
68$7,729,841$3,028,538$2,225,946$5,917,128
69$8,429,646$3,088,298$2,211,877$6,344,579
70$9,198,040$3,148,195$2,194,545$6,811,233
71$10,041,930$3,208,146$2,173,752$7,321,002
72$10,968,926$3,268,064$2,149,292$7,878,196
73$11,987,412$3,327,854$2,120,948$8,487,566
74$13,106,621$3,387,413$2,088,494$9,154,346
75$14,336,730$3,446,630$2,051,692$9,884,304
76$15,688,947$3,505,385$2,010,294$10,683,796
77$17,175,621$3,563,550$1,964,040$11,559,829
78$18,810,357$3,620,987$1,912,658$12,520,122
79$20,608,145$3,677,547$1,855,864$13,573,184
80$22,585,501$3,733,071$1,793,360$14,728,392
81$24,760,619$3,787,389$1,724,835$15,996,079
82$27,153,548$3,840,317$1,649,963$17,387,636
83$29,786,378$3,891,660$1,568,404$18,915,614
84$32,683,445$3,941,209$1,479,803$20,593,848
85$35,871,568$3,988,739$1,383,788$22,437,585
86$39,380,293$4,034,013$1,279,970$24,463,629
87$43,242,178$4,076,774$1,167,944$26,690,501
88$47,493,096$4,116,751$1,047,285$29,138,614
89$52,172,573$4,153,654$917,551$31,830,466
90$57,324,166$4,187,174$778,280$34,790,850
91$62,995,866$4,216,980$628,987$38,047,097
92$69,240,556$4,242,723$469,169$41,629,326
93$76,116,505$4,264,030$298,299$45,570,733
94$83,687,924$4,280,503$115,828$49,907,906
95$92,025,566$4,291,720$0$54,681,169
96$101,207,392$4,297,234$0$59,939,175
97$111,319,315$4,296,567$0$65,733,566
98$122,456,000$4,289,214$0$72,112,175
99$134,721,764$4,274,637$0$79,134,539
100$148,231,556$4,252,266$0$86,866,270