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

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 $2,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$173,416$171,871$170,364$168,893$167,457$166,054
2 years$85,850$84,251$82,701$81,199$79,741$78,327
3 years$56,665$55,059$53,513$52,025$50,591$49,210
4 years$42,075$40,474$38,944$37,481$36,082$34,744
5 years$33,323$31,732$30,222$28,789$27,429$26,138
6 years$27,491$25,912$24,424$23,023$21,704$20,462
7 years$23,327$21,761$20,296$18,928$17,651$16,459
8 years$20,205$18,653$17,213$15,878$14,643$13,501
9 years$17,778$16,241$14,825$13,525$12,332$11,238
10 years$15,837$14,315$12,925$11,659$10,507$9,462
11 years$14,251$12,744$11,379$10,146$9,037$8,040
12 years$12,930$11,438$10,099$8,900$7,831$6,881
13 years$11,813$10,337$9,023$7,857$6,829$5,924
14 years$10,856$9,396$8,107$6,975$5,986$5,126
15 years$10,028$8,583$7,319$6,220$5,271$4,454
16 years$9,304$7,875$6,636$5,570$4,658$3,884
17 years$8,666$7,253$6,039$5,004$4,130$3,397
18 years$8,099$6,702$5,512$4,510$3,672$2,979
19 years$7,592$6,211$5,046$4,075$3,273$2,618
20 years$7,137$5,772$4,631$3,691$2,924$2,305
21 years$6,726$5,376$4,260$3,350$2,616$2,033
22 years$6,352$5,018$3,926$3,045$2,345$1,795
23 years$6,012$4,694$3,625$2,774$2,105$1,587
24 years$5,700$4,398$3,353$2,530$1,892$1,405
25 years$5,414$4,127$3,105$2,310$1,703$1,245
26 years$5,150$3,879$2,880$2,112$1,534$1,105
27 years$4,906$3,650$2,674$1,934$1,383$980
28 years$4,680$3,440$2,486$1,772$1,248$871
29 years$4,470$3,245$2,313$1,625$1,127$774
30 years$4,275$3,064$2,155$1,491$1,018$688
31 years$4,092$2,897$2,009$1,369$920$612
32 years$3,921$2,741$1,874$1,258$833$545
33 years$3,761$2,596$1,750$1,157$753$485
34 years$3,610$2,460$1,635$1,065$682$432
35 years$3,469$2,334$1,529$980$618$385
36 years$3,335$2,215$1,430$903$560$343
37 years$3,209$2,104$1,339$832$507$305
38 years$3,090$1,999$1,254$767$460$272
39 years$2,978$1,901$1,174$707$417$243
40 years$2,871$1,809$1,101$652$378$216
41 years$2,770$1,722$1,032$602$343$193
42 years$2,674$1,640$968$555$311$172
43 years$2,582$1,562$909$512$283$154
44 years$2,495$1,489$853$473$257$137
45 years$2,412$1,420$801$437$233$122
46 years$2,333$1,355$752$404$211$109
47 years$2,258$1,293$707$373$192$97
48 years$2,185$1,234$664$345$174$87
49 years$2,116$1,179$624$318$158$78
50 years$2,050$1,126$587$294$144$69

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 $3,000 every year, while hoping to spend $46,030 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: 37/47/16 Blend
52$2,100,000$2,100,000$2,100,000$2,100,000
53$2,317,295$2,205,995$2,173,445$2,391,671
54$2,504,683$2,265,113$2,197,279$2,504,609
55$2,709,642$2,325,585$2,220,370$2,621,914
56$2,933,916$2,387,429$2,242,643$2,747,638
57$3,179,425$2,450,662$2,264,020$2,882,561
58$3,448,282$2,515,300$2,284,421$3,027,539
59$3,742,816$2,581,359$2,303,758$3,183,515
60$4,065,591$2,648,853$2,321,942$3,351,526
61$4,419,430$2,717,797$2,338,876$3,532,715
62$4,807,445$2,788,202$2,354,461$3,728,339
63$5,233,060$2,860,079$2,368,591$3,939,784
64$5,700,048$2,933,439$2,381,155$4,168,575
65$6,212,566$3,008,290$2,392,036$4,416,391
66$6,775,190$3,084,638$2,401,112$4,685,082
67$7,392,963$3,162,490$2,408,253$4,976,685
68$8,071,441$3,241,847$2,413,325$5,293,444
69$8,816,742$3,322,712$2,416,185$5,637,832
70$9,635,606$3,405,082$2,416,685$6,012,572
71$10,535,461$3,488,954$2,414,667$6,420,665
72$11,524,488$3,574,322$2,409,968$6,865,415
73$12,611,699$3,661,177$2,402,415$7,350,466
74$13,807,025$3,749,507$2,391,828$7,879,831
75$15,121,405$3,839,297$2,378,018$8,457,931
76$16,566,893$3,930,527$2,360,787$9,089,640
77$18,156,769$4,023,175$2,339,925$9,780,327
78$19,905,663$4,117,215$2,315,217$10,535,908
79$21,829,698$4,212,616$2,286,434$11,362,904
80$23,946,634$4,309,341$2,253,336$12,268,500
81$26,276,042$4,407,350$2,215,674$13,260,615
82$28,839,486$4,506,597$2,173,187$14,347,976
83$31,660,724$4,607,031$2,125,599$15,540,199
84$34,765,937$4,708,595$2,072,626$16,847,883
85$38,183,969$4,811,223$2,013,965$18,282,709
86$41,946,606$4,914,845$1,949,305$19,857,550
87$46,088,870$5,019,382$1,878,317$21,586,593
88$50,649,351$5,124,748$1,800,657$23,485,475
89$55,670,573$5,230,850$1,715,968$25,571,427
90$61,199,392$5,337,582$1,623,873$27,863,444
91$67,287,439$5,444,832$1,523,982$30,382,455
92$73,991,607$5,552,478$1,415,884$33,151,531
93$81,374,586$5,660,384$1,299,152$36,196,097
94$89,505,458$5,768,407$1,173,337$39,544,175
95$98,460,345$5,876,390$1,037,974$43,226,648
96$108,323,128$5,984,161$892,575$47,277,554
97$119,186,240$6,091,537$736,628$51,734,407
98$131,151,535$6,198,321$569,604$56,638,552
99$144,331,251$6,304,298$390,945$62,035,556
100$158,849,070$6,409,240$200,073$67,975,640