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%11.5%
1 years$174,242$172,690$171,176$169,698$168,254$167,194
2 years$86,258$84,652$83,095$81,585$80,121$79,052
3 years$56,934$55,321$53,768$52,273$50,832$49,786
4 years$42,275$40,667$39,129$37,659$36,254$35,240
5 years$33,482$31,883$30,366$28,926$27,560$26,581
6 years$27,622$26,035$24,540$23,132$21,807$20,864
7 years$23,438$21,864$20,393$19,018$17,735$16,829
8 years$20,301$18,742$17,295$15,954$14,713$13,843
9 years$17,862$16,318$14,896$13,589$12,390$11,557
10 years$15,913$14,383$12,987$11,714$10,557$9,760
11 years$14,319$12,805$11,433$10,195$9,080$8,318
12 years$12,991$11,493$10,147$8,942$7,868$7,142
13 years$11,869$10,386$9,065$7,895$6,861$6,169
14 years$10,908$9,441$8,145$7,008$6,014$5,355
15 years$10,076$8,624$7,354$6,250$5,296$4,669
16 years$9,348$7,913$6,668$5,596$4,680$4,085
17 years$8,707$7,287$6,067$5,028$4,150$3,585
18 years$8,137$6,734$5,539$4,531$3,690$3,155
19 years$7,629$6,241$5,070$4,094$3,289$2,782
20 years$7,171$5,799$4,653$3,708$2,938$2,459
21 years$6,758$5,402$4,280$3,365$2,629$2,176
22 years$6,383$5,042$3,945$3,060$2,356$1,929
23 years$6,041$4,716$3,642$2,787$2,115$1,713
24 years$5,728$4,419$3,369$2,542$1,901$1,522
25 years$5,440$4,147$3,120$2,321$1,711$1,354
26 years$5,175$3,897$2,894$2,122$1,541$1,206
27 years$4,930$3,668$2,687$1,943$1,389$1,074
28 years$4,703$3,456$2,498$1,780$1,254$958
29 years$4,492$3,260$2,324$1,632$1,132$855
30 years$4,295$3,079$2,165$1,498$1,023$763
31 years$4,111$2,911$2,019$1,376$925$682
32 years$3,940$2,754$1,883$1,264$837$609
33 years$3,779$2,608$1,758$1,163$757$544
34 years$3,627$2,472$1,643$1,070$685$487
35 years$3,485$2,345$1,536$985$621$436
36 years$3,351$2,225$1,437$907$562$390
37 years$3,225$2,114$1,345$836$510$349
38 years$3,105$2,009$1,260$770$462$312
39 years$2,992$1,910$1,180$710$419$280
40 years$2,885$1,817$1,106$655$380$250
41 years$2,783$1,730$1,037$604$345$224
42 years$2,686$1,647$973$558$313$201
43 years$2,594$1,570$913$515$284$180
44 years$2,507$1,496$857$475$258$161
45 years$2,424$1,427$805$439$234$144
46 years$2,344$1,361$756$406$212$129
47 years$2,268$1,299$710$375$193$116
48 years$2,196$1,240$667$346$175$104
49 years$2,126$1,184$627$320$159$93
50 years$2,060$1,131$590$296$145$84

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 $2,479 every year, while hoping to spend $43,842 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: 62/16/22 Blend
52$2,110,000$2,110,000$2,110,000$2,110,000
53$2,327,777$2,215,947$2,183,242$2,458,558
54$2,518,563$2,277,881$2,209,733$2,609,189
55$2,727,339$2,341,380$2,235,642$2,768,497
56$2,955,895$2,406,475$2,260,904$2,941,444
57$3,206,200$2,473,196$2,285,448$3,129,364
58$3,480,424$2,541,574$2,309,202$3,333,729
59$3,780,955$2,611,639$2,332,088$3,556,158
60$4,110,425$2,683,421$2,354,025$3,798,434
61$4,471,730$2,756,951$2,374,926$4,062,525
62$4,868,063$2,832,258$2,394,703$4,350,595
63$5,302,938$2,909,372$2,413,258$4,665,029
64$5,780,229$2,988,322$2,430,493$5,008,455
65$6,304,199$3,069,136$2,446,302$5,383,768
66$6,879,547$3,151,844$2,460,573$5,794,157
67$7,511,449$3,236,473$2,473,190$6,243,138
68$8,205,606$3,323,049$2,484,031$6,734,582
69$8,968,299$3,411,599$2,492,967$7,272,756
70$9,806,446$3,502,148$2,499,862$7,862,361
71$10,727,671$3,594,721$2,504,575$8,508,577
72$11,740,372$3,689,341$2,506,957$9,217,113
73$12,853,800$3,786,028$2,506,850$9,994,256
74$14,078,148$3,884,805$2,504,090$10,846,939
75$15,424,648$3,985,689$2,498,506$11,782,799
76$16,905,673$4,088,699$2,489,917$12,810,252
77$18,534,855$4,193,848$2,478,132$13,938,571
78$20,327,215$4,301,152$2,462,955$15,177,977
79$22,299,303$4,410,620$2,444,175$16,539,732
80$24,469,353$4,522,261$2,421,576$18,036,247
81$26,857,457$4,636,082$2,394,929$19,681,198
82$29,485,752$4,752,085$2,363,994$21,489,658
83$32,378,633$4,870,271$2,328,521$23,478,235
84$35,562,975$4,990,635$2,288,248$25,665,233
85$39,068,394$5,113,172$2,242,900$28,070,824
86$42,927,522$5,237,870$2,192,190$30,717,236
87$47,176,318$5,364,714$2,135,817$33,628,966
88$51,854,402$5,493,685$2,073,466$36,833,010
89$57,005,432$5,624,757$2,004,809$40,359,120
90$62,677,517$5,757,900$1,929,501$44,240,080
91$68,923,667$5,893,081$1,847,182$48,512,023
92$75,802,295$6,030,255$1,757,476$53,214,767
93$83,377,768$6,169,377$1,659,991$58,392,193
94$91,721,014$6,310,390$1,554,314$64,092,658
95$100,910,190$6,453,232$1,440,016$70,369,456
96$111,031,422$6,597,832$1,316,649$77,281,318
97$122,179,613$6,744,113$1,183,744$84,892,965
98$134,459,345$6,891,985$1,040,810$93,275,727
99$147,985,857$7,041,352$887,336$102,508,206
100$162,886,141$7,192,104$722,788$112,677,031