Can I retire at age 53 with 2,120,000?

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 $2,120,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$175,068$173,508$171,987$170,502$169,052$163,640
2 years$86,667$85,053$83,489$81,972$80,501$75,099
3 years$57,204$55,583$54,023$52,520$51,073$45,850
4 years$42,476$40,859$39,315$37,838$36,426$31,422
5 years$33,641$32,034$30,510$29,063$27,690$22,918
6 years$27,753$26,158$24,656$23,242$21,910$17,375
7 years$23,549$21,968$20,490$19,109$17,819$13,519
8 years$20,397$18,830$17,377$16,030$14,783$10,716
9 years$17,947$16,395$14,967$13,654$12,449$8,611
10 years$15,988$14,452$13,048$11,770$10,607$6,991
11 years$14,387$12,865$11,488$10,243$9,123$5,723
12 years$13,053$11,547$10,195$8,985$7,905$4,714
13 years$11,925$10,435$9,108$7,932$6,894$3,903
14 years$10,960$9,486$8,184$7,041$6,043$3,245
15 years$10,123$8,665$7,389$6,280$5,321$2,707
16 years$9,392$7,950$6,699$5,623$4,702$2,264
17 years$8,748$7,322$6,096$5,052$4,170$1,898
18 years$8,176$6,766$5,565$4,553$3,707$1,594
19 years$7,665$6,270$5,094$4,114$3,304$1,341
20 years$7,205$5,827$4,675$3,726$2,952$1,130
21 years$6,790$5,427$4,300$3,381$2,641$952
22 years$6,413$5,066$3,964$3,075$2,368$804
23 years$6,069$4,738$3,660$2,800$2,125$679
24 years$5,755$4,440$3,385$2,554$1,910$574
25 years$5,466$4,166$3,135$2,332$1,719$485
26 years$5,199$3,916$2,907$2,132$1,548$411
27 years$4,953$3,685$2,700$1,952$1,396$348
28 years$4,725$3,472$2,510$1,788$1,260$294
29 years$4,513$3,276$2,336$1,640$1,137$249
30 years$4,315$3,094$2,175$1,505$1,028$211
31 years$4,131$2,925$2,028$1,382$929$179
32 years$3,958$2,767$1,892$1,270$840$152
33 years$3,797$2,621$1,767$1,168$761$128
34 years$3,645$2,484$1,651$1,075$689$109
35 years$3,502$2,356$1,543$989$624$92
36 years$3,367$2,236$1,444$911$565$78
37 years$3,240$2,124$1,351$840$512$66
38 years$3,120$2,018$1,266$774$464$56
39 years$3,006$1,919$1,186$714$421$48
40 years$2,898$1,826$1,111$658$382$40
41 years$2,796$1,738$1,042$607$347$34
42 years$2,699$1,655$977$560$314$29
43 years$2,607$1,577$917$517$285$25
44 years$2,519$1,503$861$478$259$21
45 years$2,435$1,434$808$441$235$18
46 years$2,355$1,368$759$407$214$15
47 years$2,279$1,305$713$376$194$13
48 years$2,206$1,246$670$348$176$11
49 years$2,137$1,190$630$321$160$9
50 years$2,070$1,137$592$297$145$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,120,000, adding $2,223 every year, while hoping to spend $45,562 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: 70/18/12 Blend
52$2,120,000$2,120,000$2,120,000$2,120,000
53$2,338,533$2,226,173$2,193,313$2,496,112
54$2,528,586$2,286,778$2,218,311$2,661,539
55$2,736,497$2,348,825$2,242,620$2,836,781
56$2,964,040$2,412,338$2,266,168$3,027,353
57$3,213,167$2,477,338$2,288,880$3,234,757
58$3,486,030$2,543,847$2,310,677$3,460,646
59$3,784,996$2,611,886$2,331,476$3,706,840
60$4,112,673$2,681,476$2,351,188$3,975,345
61$4,471,933$2,752,637$2,369,721$4,268,369
62$4,865,942$2,825,387$2,386,977$4,588,344
63$5,298,181$2,899,745$2,402,855$4,937,948
64$5,772,491$2,975,727$2,417,245$5,320,132
65$6,293,098$3,053,351$2,430,036$5,738,147
66$6,864,659$3,132,630$2,441,107$6,195,572
67$7,492,303$3,213,578$2,450,334$6,696,353
68$8,181,682$3,296,207$2,457,584$7,244,833
69$8,939,021$3,380,528$2,462,719$7,845,801
70$9,771,176$3,466,549$2,465,596$8,504,530
71$10,685,703$3,554,277$2,466,060$9,226,829
72$11,690,924$3,643,716$2,463,953$10,019,102
73$12,796,009$3,734,869$2,459,106$10,888,400
74$14,011,061$3,827,736$2,451,344$11,842,495
75$15,347,208$3,922,314$2,440,483$12,889,949
76$16,816,713$4,018,597$2,426,329$14,040,197
77$18,433,086$4,116,577$2,408,680$15,303,633
78$20,211,213$4,216,242$2,387,323$16,691,713
79$22,167,495$4,317,576$2,362,037$18,217,057
80$24,320,002$4,420,559$2,332,587$19,893,573
81$26,688,644$4,525,169$2,298,731$21,736,585
82$29,295,359$4,631,376$2,260,212$23,762,980
83$32,164,321$4,739,148$2,216,764$25,991,365
84$35,322,163$4,848,448$2,168,107$28,442,244
85$38,798,233$4,959,231$2,113,948$31,138,211
86$42,624,868$5,071,449$2,053,980$34,104,166
87$46,837,700$5,185,045$1,987,884$37,367,544
88$51,475,992$5,299,959$1,915,325$40,958,579
89$56,583,005$5,416,119$1,835,951$44,910,588
90$62,206,413$5,533,451$1,749,397$49,260,286
91$68,398,745$5,651,867$1,655,279$54,048,131
92$75,217,884$5,771,276$1,553,198$59,318,706
93$82,727,613$5,891,573$1,442,734$65,121,144
94$90,998,215$6,012,646$1,323,452$71,509,585
95$100,107,139$6,134,371$1,194,893$78,543,694
96$110,139,727$6,256,615$1,056,582$86,289,220
97$121,190,022$6,379,232$908,020$94,818,618
98$133,361,651$6,502,062$748,686$104,211,734
99$146,768,810$6,624,933$578,037$114,556,556
100$161,537,333$6,747,660$395,507$125,950,050