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

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 $2,090,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$172,590$171,053$169,553$168,089$166,660$160,427
2 years$85,441$83,849$82,307$80,812$79,362$73,154
3 years$56,395$54,797$53,258$51,777$50,350$44,363
4 years$41,874$40,281$38,758$37,302$35,910$30,189
5 years$33,165$31,581$30,078$28,652$27,298$21,857
6 years$27,360$25,788$24,308$22,913$21,600$16,443
7 years$23,215$21,657$20,200$18,838$17,567$12,693
8 years$20,108$18,564$17,131$15,803$14,573$9,978
9 years$17,693$16,163$14,755$13,461$12,273$7,949
10 years$15,762$14,247$12,864$11,603$10,457$6,397
11 years$14,183$12,683$11,325$10,098$8,993$5,189
12 years$12,868$11,384$10,051$8,857$7,794$4,235
13 years$11,757$10,288$8,980$7,820$6,796$3,473
14 years$10,804$9,351$8,068$6,942$5,957$2,859
15 years$9,980$8,543$7,284$6,191$5,245$2,361
16 years$9,259$7,838$6,604$5,543$4,636$1,955
17 years$8,624$7,218$6,010$4,980$4,111$1,622
18 years$8,060$6,670$5,486$4,488$3,655$1,348
19 years$7,556$6,182$5,022$4,056$3,258$1,122
20 years$7,103$5,744$4,609$3,673$2,910$935
21 years$6,694$5,351$4,240$3,334$2,604$780
22 years$6,322$4,995$3,907$3,031$2,334$651
23 years$5,983$4,671$3,608$2,760$2,095$544
24 years$5,673$4,377$3,337$2,518$1,883$455
25 years$5,388$4,107$3,090$2,299$1,695$380
26 years$5,126$3,860$2,866$2,102$1,526$318
27 years$4,883$3,633$2,662$1,924$1,376$266
28 years$4,658$3,423$2,474$1,763$1,242$223
29 years$4,449$3,229$2,302$1,617$1,121$187
30 years$4,254$3,050$2,145$1,484$1,013$156
31 years$4,072$2,883$1,999$1,363$916$131
32 years$3,902$2,728$1,865$1,252$829$110
33 years$3,743$2,584$1,742$1,152$750$92
34 years$3,593$2,449$1,627$1,060$679$77
35 years$3,452$2,322$1,522$975$615$64
36 years$3,319$2,204$1,423$898$557$54
37 years$3,194$2,094$1,332$828$505$45
38 years$3,076$1,990$1,248$763$458$38
39 years$2,964$1,892$1,169$703$415$32
40 years$2,857$1,800$1,096$649$377$27
41 years$2,757$1,714$1,027$599$342$22
42 years$2,661$1,632$964$552$310$19
43 years$2,570$1,555$904$510$281$16
44 years$2,483$1,482$849$471$255$13
45 years$2,401$1,413$797$435$232$11
46 years$2,322$1,348$749$402$210$9
47 years$2,247$1,287$703$371$191$8
48 years$2,175$1,228$661$343$174$6
49 years$2,106$1,173$621$317$158$5
50 years$2,041$1,120$584$293$143$5

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 $4,514 every year, while hoping to spend $24,597 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: 44/32/24 Blend
52$2,090,000$2,090,000$2,090,000$2,090,000
53$2,307,836$2,197,066$2,164,671$2,393,140
54$2,517,064$2,278,551$2,211,017$2,535,554
55$2,746,810$2,363,205$2,258,090$2,687,102
56$2,999,138$2,451,156$2,305,891$2,850,890
57$3,276,328$2,542,540$2,354,415$3,028,065
58$3,580,885$2,637,497$2,403,660$3,219,891
59$3,915,575$2,736,173$2,453,622$3,427,755
60$4,283,440$2,838,722$2,504,295$3,653,184
61$4,687,834$2,945,303$2,555,672$3,897,856
62$5,132,452$3,056,082$2,607,746$4,163,615
63$5,621,365$3,171,232$2,660,508$4,452,493
64$6,159,057$3,290,936$2,713,948$4,766,721
65$6,750,469$3,415,380$2,768,054$5,108,756
66$7,401,046$3,544,763$2,822,813$5,481,301
67$8,116,786$3,679,289$2,878,210$5,887,329
68$8,904,297$3,819,174$2,934,229$6,330,114
69$9,770,862$3,964,640$2,990,852$6,813,256
70$10,724,504$4,115,921$3,048,060$7,340,719
71$11,774,063$4,273,261$3,105,830$7,916,868
72$12,929,281$4,436,914$3,164,138$8,546,503
73$14,200,890$4,607,145$3,222,959$9,234,913
74$15,600,717$4,784,231$3,282,264$9,987,918
75$17,141,794$4,968,462$3,342,024$10,811,925
76$18,838,479$5,160,139$3,402,204$11,713,991
77$20,706,595$5,359,577$3,462,769$12,701,885
78$22,763,576$5,567,105$3,523,680$13,784,161
79$25,028,634$5,783,066$3,584,897$14,970,240
80$27,522,938$6,007,820$3,646,374$16,270,495
81$30,269,815$6,241,740$3,708,065$17,696,351
82$33,294,969$6,485,218$3,769,917$19,260,391
83$36,626,723$6,738,661$3,831,877$20,976,471
84$40,296,290$7,002,497$3,893,887$22,859,855
85$44,338,063$7,277,170$3,955,883$24,927,353
86$48,789,941$7,563,147$4,017,800$27,197,482
87$53,693,685$7,860,912$4,079,567$29,690,637
88$59,095,318$8,170,973$4,141,109$32,429,284
89$65,045,551$8,493,861$4,202,347$35,438,172
90$71,600,266$8,830,130$4,263,195$38,744,561
91$78,821,045$9,180,358$4,323,563$42,378,483
92$86,775,746$9,545,150$4,383,357$46,373,022
93$95,539,148$9,925,137$4,442,475$50,764,622
94$105,193,653$10,320,981$4,500,810$55,593,434
95$115,830,068$10,733,371$4,558,249$60,903,692
96$127,548,456$11,163,028$4,614,672$66,744,129
97$140,459,088$11,610,706$4,669,953$73,168,432
98$154,683,475$12,077,191$4,723,957$80,235,752
99$170,355,523$12,563,307$4,776,543$88,011,260
100$187,622,792$13,069,914$4,827,563$96,566,754