Can I retire at age 53 with 2,100,000?

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 $2,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$173,416$171,871$170,364$168,893$167,457$162,422
2 years$85,850$84,251$82,701$81,199$79,741$74,711
3 years$56,665$55,059$53,513$52,025$50,591$45,723
4 years$42,075$40,474$38,944$37,481$36,082$31,414
5 years$33,323$31,732$30,222$28,789$27,429$22,973
6 years$27,491$25,912$24,424$23,023$21,704$17,464
7 years$23,327$21,761$20,296$18,928$17,651$13,628
8 years$20,205$18,653$17,213$15,878$14,643$10,834
9 years$17,778$16,241$14,825$13,525$12,332$8,732
10 years$15,837$14,315$12,925$11,659$10,507$7,112
11 years$14,251$12,744$11,379$10,146$9,037$5,840
12 years$12,930$11,438$10,099$8,900$7,831$4,827
13 years$11,813$10,337$9,023$7,857$6,829$4,010
14 years$10,856$9,396$8,107$6,975$5,986$3,345
15 years$10,028$8,583$7,319$6,220$5,271$2,800
16 years$9,304$7,875$6,636$5,570$4,658$2,351
17 years$8,666$7,253$6,039$5,004$4,130$1,978
18 years$8,099$6,702$5,512$4,510$3,672$1,667
19 years$7,592$6,211$5,046$4,075$3,273$1,408
20 years$7,137$5,772$4,631$3,691$2,924$1,191
21 years$6,726$5,376$4,260$3,350$2,616$1,008
22 years$6,352$5,018$3,926$3,045$2,345$854
23 years$6,012$4,694$3,625$2,774$2,105$724
24 years$5,700$4,398$3,353$2,530$1,892$614
25 years$5,414$4,127$3,105$2,310$1,703$522
26 years$5,150$3,879$2,880$2,112$1,534$443
27 years$4,906$3,650$2,674$1,934$1,383$377
28 years$4,680$3,440$2,486$1,772$1,248$320
29 years$4,470$3,245$2,313$1,625$1,127$272
30 years$4,275$3,064$2,155$1,491$1,018$232
31 years$4,092$2,897$2,009$1,369$920$197
32 years$3,921$2,741$1,874$1,258$833$168
33 years$3,761$2,596$1,750$1,157$753$143
34 years$3,610$2,460$1,635$1,065$682$121
35 years$3,469$2,334$1,529$980$618$103
36 years$3,335$2,215$1,430$903$560$88
37 years$3,209$2,104$1,339$832$507$75
38 years$3,090$1,999$1,254$767$460$64
39 years$2,978$1,901$1,174$707$417$54
40 years$2,871$1,809$1,101$652$378$46
41 years$2,770$1,722$1,032$602$343$39
42 years$2,674$1,640$968$555$311$34
43 years$2,582$1,562$909$512$283$29
44 years$2,495$1,489$853$473$257$24
45 years$2,412$1,420$801$437$233$21
46 years$2,333$1,355$752$404$211$18
47 years$2,258$1,293$707$373$192$15
48 years$2,185$1,234$664$345$174$13
49 years$2,116$1,179$624$318$158$11
50 years$2,050$1,126$587$294$144$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,100,000, adding $6,022 every year, while hoping to spend $26,121 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: 37/45/18 Blend
52$2,100,000$2,100,000$2,100,000$2,100,000
53$2,320,412$2,209,112$2,176,562$2,393,433
54$2,529,301$2,289,566$2,221,684$2,527,216
55$2,758,622$2,373,086$2,267,442$2,668,715
56$3,010,430$2,459,797$2,313,831$2,821,008
57$3,286,992$2,549,824$2,360,841$2,985,077
58$3,590,801$2,643,302$2,408,466$3,162,002
59$3,924,609$2,740,369$2,456,695$3,352,966
60$4,291,442$2,841,171$2,505,518$3,559,272
61$4,694,638$2,945,857$2,554,921$3,782,348
62$5,137,872$3,054,585$2,604,892$4,023,765
63$5,625,194$3,167,518$2,655,415$4,285,249
64$6,161,065$3,284,828$2,706,473$4,568,696
65$6,750,401$3,406,693$2,758,048$4,876,191
66$7,398,619$3,533,297$2,810,119$5,210,026
67$8,111,684$3,664,835$2,862,664$5,572,723
68$8,896,172$3,801,508$2,915,659$5,967,051
69$9,759,326$3,943,526$2,969,079$6,396,060
70$10,709,128$4,091,110$3,022,893$6,863,102
71$11,754,371$4,244,486$3,077,073$7,371,864
72$12,904,747$4,403,896$3,131,584$7,926,406
73$14,170,930$4,569,586$3,186,391$8,531,190
74$15,564,686$4,741,817$3,241,457$9,191,129
75$17,098,977$4,920,859$3,296,739$9,911,629
76$18,788,087$5,106,995$3,352,193$10,698,639
77$20,647,754$5,300,520$3,407,774$11,558,707
78$22,695,320$5,501,741$3,463,430$12,499,039
79$24,949,896$5,710,979$3,519,107$13,527,569
80$27,432,536$5,928,568$3,574,749$14,653,031
81$30,166,446$6,154,859$3,630,294$15,885,038
82$33,177,192$6,390,215$3,685,677$17,234,175
83$36,492,947$6,635,017$3,740,829$18,712,097
84$40,144,757$6,889,663$3,795,676$20,331,637
85$44,166,833$7,154,567$3,850,142$22,106,924
86$48,596,870$7,430,161$3,904,142$24,053,518
87$53,476,409$7,716,897$3,957,589$26,188,553
88$58,851,225$8,015,247$4,010,390$28,530,900
89$64,771,759$8,325,703$4,062,447$31,101,339
90$71,293,596$8,648,780$4,113,656$33,922,758
91$78,477,986$8,985,013$4,163,907$37,020,364
92$86,392,425$9,334,964$4,213,083$40,421,922
93$95,111,293$9,699,218$4,261,062$44,158,011
94$104,716,550$10,078,385$4,307,713$48,262,317
95$115,298,517$10,473,105$4,352,900$52,771,941
96$126,956,723$10,884,043$4,396,479$57,727,753
97$139,800,844$11,311,897$4,438,297$63,174,775
98$153,951,744$11,757,394$4,478,193$69,162,600
99$169,542,608$12,221,293$4,515,999$75,745,862
100$186,720,207$12,704,388$4,551,538$82,984,745