Can I retire at age 53 with 2,110,000?

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 $2,110,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$174,242$172,690$171,176$169,698$168,254$163,590
2 years$86,258$84,652$83,095$81,585$80,121$75,457
3 years$56,934$55,321$53,768$52,273$50,832$46,314
4 years$42,275$40,667$39,129$37,659$36,254$31,916
5 years$33,482$31,883$30,366$28,926$27,560$23,414
6 years$27,622$26,035$24,540$23,132$21,807$17,858
7 years$23,438$21,864$20,393$19,018$17,735$13,983
8 years$20,301$18,742$17,295$15,954$14,713$11,155
9 years$17,862$16,318$14,896$13,589$12,390$9,024
10 years$15,913$14,383$12,987$11,714$10,557$7,377
11 years$14,319$12,805$11,433$10,195$9,080$6,081
12 years$12,991$11,493$10,147$8,942$7,868$5,046
13 years$11,869$10,386$9,065$7,895$6,861$4,209
14 years$10,908$9,441$8,145$7,008$6,014$3,526
15 years$10,076$8,624$7,354$6,250$5,296$2,964
16 years$9,348$7,913$6,668$5,596$4,680$2,499
17 years$8,707$7,287$6,067$5,028$4,150$2,112
18 years$8,137$6,734$5,539$4,531$3,690$1,788
19 years$7,629$6,241$5,070$4,094$3,289$1,517
20 years$7,171$5,799$4,653$3,708$2,938$1,289
21 years$6,758$5,402$4,280$3,365$2,629$1,096
22 years$6,383$5,042$3,945$3,060$2,356$933
23 years$6,041$4,716$3,642$2,787$2,115$795
24 years$5,728$4,419$3,369$2,542$1,901$678
25 years$5,440$4,147$3,120$2,321$1,711$578
26 years$5,175$3,897$2,894$2,122$1,541$493
27 years$4,930$3,668$2,687$1,943$1,389$421
28 years$4,703$3,456$2,498$1,780$1,254$360
29 years$4,492$3,260$2,324$1,632$1,132$308
30 years$4,295$3,079$2,165$1,498$1,023$263
31 years$4,111$2,911$2,019$1,376$925$225
32 years$3,940$2,754$1,883$1,264$837$192
33 years$3,779$2,608$1,758$1,163$757$164
34 years$3,627$2,472$1,643$1,070$685$141
35 years$3,485$2,345$1,536$985$621$120
36 years$3,351$2,225$1,437$907$562$103
37 years$3,225$2,114$1,345$836$510$88
38 years$3,105$2,009$1,260$770$462$75
39 years$2,992$1,910$1,180$710$419$65
40 years$2,885$1,817$1,106$655$380$55
41 years$2,783$1,730$1,037$604$345$47
42 years$2,686$1,647$973$558$313$40
43 years$2,594$1,570$913$515$284$35
44 years$2,507$1,496$857$475$258$30
45 years$2,424$1,427$805$439$234$25
46 years$2,344$1,361$756$406$212$22
47 years$2,268$1,299$710$375$193$19
48 years$2,196$1,240$667$346$175$16
49 years$2,126$1,184$627$320$159$14
50 years$2,060$1,131$590$296$145$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,110,000, adding $6,369 every year, while hoping to spend $42,049 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: 25/49/26 Blend
52$2,110,000$2,110,000$2,110,000$2,110,000
53$2,331,790$2,219,960$2,187,255$2,370,844
54$2,524,892$2,283,998$2,215,788$2,467,615
55$2,736,282$2,349,765$2,243,868$2,567,285
56$2,967,780$2,417,300$2,271,434$2,673,269
57$3,221,392$2,486,646$2,298,425$2,786,123
58$3,499,324$2,557,842$2,324,773$2,906,459
59$3,804,011$2,630,932$2,350,409$3,034,950
60$4,138,130$2,705,958$2,375,257$3,172,337
61$4,504,632$2,782,962$2,399,241$3,319,433
62$4,906,765$2,861,988$2,422,277$3,477,133
63$5,348,110$2,943,081$2,444,278$3,646,423
64$5,832,610$3,026,284$2,465,153$3,828,387
65$6,364,606$3,111,642$2,484,806$4,024,220
66$6,948,884$3,199,200$2,503,135$4,235,235
67$7,590,714$3,289,005$2,520,034$4,462,879
68$8,295,900$3,381,100$2,535,389$4,708,745
69$9,070,841$3,475,532$2,549,083$4,974,587
70$9,922,581$3,572,348$2,560,992$5,262,336
71$10,858,884$3,671,593$2,570,985$5,574,120
72$11,888,302$3,773,313$2,578,925$5,912,283
73$13,020,258$3,877,554$2,584,668$6,279,404
74$14,265,133$3,984,363$2,588,062$6,678,328
75$15,634,365$4,093,784$2,588,951$7,112,186
76$17,140,555$4,205,865$2,587,165$7,584,430
77$18,797,588$4,320,649$2,582,532$8,098,860
78$20,620,763$4,438,181$2,574,867$8,659,665
79$22,626,934$4,558,506$2,563,980$9,271,461
80$24,834,675$4,681,667$2,549,667$9,939,332
81$27,264,450$4,807,706$2,531,718$10,668,881
82$29,938,805$4,936,665$2,509,912$11,466,282
83$32,882,586$5,068,585$2,484,017$12,338,339
84$36,123,169$5,203,504$2,453,790$13,292,549
85$39,690,717$5,341,461$2,418,978$14,337,173
86$43,618,470$5,482,492$2,379,313$15,481,317
87$47,943,051$5,626,631$2,334,517$16,735,012
88$52,704,818$5,773,912$2,284,299$18,109,317
89$57,948,239$5,924,364$2,228,353$19,616,415
90$63,722,317$6,078,015$2,166,360$21,269,737
91$70,081,046$6,234,890$2,097,986$23,084,080
92$77,083,926$6,395,013$2,022,882$25,075,755
93$84,796,520$6,558,402$1,940,682$27,262,737
94$93,291,075$6,725,074$1,851,004$29,664,836
95$102,647,201$6,895,039$1,753,450$32,303,882
96$112,952,626$7,068,307$1,647,601$35,203,938
97$124,304,020$7,244,880$1,533,022$38,391,521
98$136,807,909$7,424,757$1,409,256$41,895,855
99$150,581,677$7,607,932$1,275,828$45,749,150
100$165,754,680$7,794,392$1,132,240$49,986,902