Can I retire at age 53 with 2,090,000?

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 $2,090,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$172,590$171,053$169,553$168,089$166,660$165,888
2 years$85,441$83,849$82,307$80,812$79,362$78,582
3 years$56,395$54,797$53,258$51,777$50,350$49,588
4 years$41,874$40,281$38,758$37,302$35,910$35,171
5 years$33,165$31,581$30,078$28,652$27,298$26,584
6 years$27,360$25,788$24,308$22,913$21,600$20,911
7 years$23,215$21,657$20,200$18,838$17,567$16,904
8 years$20,108$18,564$17,131$15,803$14,573$13,937
9 years$17,693$16,163$14,755$13,461$12,273$11,663
10 years$15,762$14,247$12,864$11,603$10,457$9,873
11 years$14,183$12,683$11,325$10,098$8,993$8,434
12 years$12,868$11,384$10,051$8,857$7,794$7,260
13 years$11,757$10,288$8,980$7,820$6,796$6,287
14 years$10,804$9,351$8,068$6,942$5,957$5,472
15 years$9,980$8,543$7,284$6,191$5,245$4,783
16 years$9,259$7,838$6,604$5,543$4,636$4,196
17 years$8,624$7,218$6,010$4,980$4,111$3,693
18 years$8,060$6,670$5,486$4,488$3,655$3,259
19 years$7,556$6,182$5,022$4,056$3,258$2,882
20 years$7,103$5,744$4,609$3,673$2,910$2,554
21 years$6,694$5,351$4,240$3,334$2,604$2,268
22 years$6,322$4,995$3,907$3,031$2,334$2,016
23 years$5,983$4,671$3,608$2,760$2,095$1,795
24 years$5,673$4,377$3,337$2,518$1,883$1,600
25 years$5,388$4,107$3,090$2,299$1,695$1,428
26 years$5,126$3,860$2,866$2,102$1,526$1,275
27 years$4,883$3,633$2,662$1,924$1,376$1,140
28 years$4,658$3,423$2,474$1,763$1,242$1,020
29 years$4,449$3,229$2,302$1,617$1,121$913
30 years$4,254$3,050$2,145$1,484$1,013$818
31 years$4,072$2,883$1,999$1,363$916$733
32 years$3,902$2,728$1,865$1,252$829$657
33 years$3,743$2,584$1,742$1,152$750$589
34 years$3,593$2,449$1,627$1,060$679$529
35 years$3,452$2,322$1,522$975$615$474
36 years$3,319$2,204$1,423$898$557$426
37 years$3,194$2,094$1,332$828$505$383
38 years$3,076$1,990$1,248$763$458$344
39 years$2,964$1,892$1,169$703$415$309
40 years$2,857$1,800$1,096$649$377$277
41 years$2,757$1,714$1,027$599$342$249
42 years$2,661$1,632$964$552$310$224
43 years$2,570$1,555$904$510$281$201
44 years$2,483$1,482$849$471$255$181
45 years$2,401$1,413$797$435$232$163
46 years$2,322$1,348$749$402$210$146
47 years$2,247$1,287$703$371$191$132
48 years$2,175$1,228$661$343$174$118
49 years$2,106$1,173$621$317$158$107
50 years$2,041$1,120$584$293$143$96

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,090,000, adding $4,730 every year, while hoping to spend $38,279 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: 61/14/25 Blend
52$2,090,000$2,090,000$2,090,000$2,090,000
53$2,308,059$2,197,289$2,164,894$2,433,194
54$2,502,752$2,264,228$2,196,689$2,585,649
55$2,716,022$2,333,163$2,228,267$2,747,395
56$2,949,721$2,404,153$2,259,579$2,923,111
57$3,205,893$2,477,257$2,290,575$3,114,165
58$3,486,786$2,552,535$2,321,201$3,322,064
59$3,794,878$2,630,048$2,351,401$3,548,469
60$4,132,897$2,709,862$2,381,115$3,795,206
61$4,503,848$2,792,042$2,410,278$4,064,291
62$4,911,043$2,876,654$2,438,825$4,357,941
63$5,358,127$2,963,768$2,466,683$4,678,599
64$5,849,118$3,053,454$2,493,779$5,028,956
65$6,388,440$3,145,786$2,520,033$5,411,978
66$6,980,969$3,240,837$2,545,362$5,830,931
67$7,632,074$3,338,685$2,569,678$6,289,414
68$8,347,672$3,439,407$2,592,888$6,791,391
69$9,134,281$3,543,083$2,614,896$7,341,230
70$9,999,080$3,649,798$2,635,598$7,943,745
71$10,949,982$3,759,633$2,654,886$8,604,238
72$11,995,702$3,872,677$2,672,647$9,328,551
73$13,145,844$3,989,019$2,688,761$10,123,122
74$14,410,987$4,108,748$2,703,101$10,995,044
75$15,802,790$4,231,958$2,715,537$11,952,134
76$17,334,095$4,358,745$2,725,928$13,003,004
77$19,019,056$4,489,206$2,734,130$14,157,143
78$20,873,264$4,623,442$2,739,988$15,425,009
79$22,913,901$4,761,554$2,743,341$16,818,125
80$25,159,897$4,903,649$2,744,021$18,349,188
81$27,632,111$5,049,832$2,741,850$20,032,189
82$30,353,526$5,200,214$2,736,643$21,882,549
83$33,349,469$5,354,908$2,728,204$23,917,256
84$36,647,845$5,514,028$2,716,328$26,155,035
85$40,279,402$5,677,692$2,700,802$28,616,516
86$44,278,022$5,846,020$2,681,400$31,324,435
87$48,681,040$6,019,135$2,657,886$34,303,849
88$53,529,595$6,197,162$2,630,015$37,582,365
89$58,869,021$6,380,230$2,597,528$41,190,411
90$64,749,270$6,568,470$2,560,153$45,161,514
91$71,225,385$6,762,015$2,517,608$49,532,623
92$78,358,022$6,961,002$2,469,596$54,344,456
93$86,214,020$7,165,570$2,415,807$59,641,882
94$94,867,029$7,375,861$2,355,915$65,474,350
95$104,398,208$7,592,021$2,289,581$71,896,349
96$114,896,993$7,814,198$2,216,449$78,967,930
97$126,461,934$8,042,541$2,136,148$86,755,267
98$139,201,630$8,277,204$2,048,288$95,331,284
99$153,235,754$8,518,345$1,952,463$104,776,347
100$168,696,178$8,766,121$1,848,248$115,179,016