Can I retire at age 53 with 2,130,000?

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 $2,130,000?

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$175,893$174,327$172,798$171,306$169,849$168,779
2 years$87,076$85,454$83,883$82,359$80,881$79,801
3 years$57,474$55,845$54,278$52,768$51,314$50,258
4 years$42,676$41,052$39,500$38,016$36,598$35,574
5 years$33,799$32,185$30,654$29,200$27,821$26,833
6 years$27,884$26,282$24,773$23,352$22,014$21,062
7 years$23,660$22,071$20,586$19,199$17,903$16,988
8 years$20,493$18,919$17,459$16,105$14,852$13,975
9 years$18,032$16,473$15,037$13,718$12,508$11,667
10 years$16,064$14,520$13,110$11,825$10,657$9,853
11 years$14,455$12,926$11,542$10,291$9,166$8,397
12 years$13,115$11,602$10,243$9,027$7,943$7,209
13 years$11,982$10,485$9,151$7,969$6,926$6,227
14 years$11,011$9,530$8,223$7,074$6,071$5,406
15 years$10,171$8,706$7,424$6,309$5,346$4,713
16 years$9,437$7,988$6,731$5,649$4,725$4,124
17 years$8,789$7,356$6,125$5,076$4,189$3,619
18 years$8,215$6,798$5,591$4,574$3,725$3,185
19 years$7,701$6,300$5,118$4,133$3,320$2,809
20 years$7,239$5,854$4,697$3,743$2,966$2,482
21 years$6,822$5,453$4,321$3,397$2,654$2,197
22 years$6,443$5,090$3,982$3,089$2,379$1,948
23 years$6,098$4,761$3,677$2,813$2,135$1,729
24 years$5,782$4,460$3,400$2,566$1,919$1,536
25 years$5,491$4,186$3,150$2,343$1,727$1,367
26 years$5,224$3,934$2,921$2,143$1,556$1,217
27 years$4,977$3,702$2,712$1,961$1,403$1,084
28 years$4,747$3,489$2,522$1,797$1,266$967
29 years$4,534$3,291$2,347$1,648$1,143$863
30 years$4,336$3,108$2,186$1,512$1,033$770
31 years$4,150$2,938$2,038$1,389$934$688
32 years$3,977$2,780$1,901$1,276$844$615
33 years$3,815$2,633$1,775$1,174$764$550
34 years$3,662$2,495$1,659$1,080$692$492
35 years$3,518$2,367$1,551$994$627$440
36 years$3,383$2,247$1,451$916$568$393
37 years$3,255$2,134$1,358$844$515$352
38 years$3,135$2,028$1,271$778$467$315
39 years$3,020$1,928$1,191$717$423$282
40 years$2,912$1,835$1,117$661$384$253
41 years$2,809$1,746$1,047$610$348$226
42 years$2,712$1,663$982$563$316$203
43 years$2,619$1,585$922$520$287$182
44 years$2,531$1,510$865$480$260$163
45 years$2,447$1,440$812$443$236$146
46 years$2,366$1,374$763$409$215$131
47 years$2,290$1,311$717$378$195$117
48 years$2,217$1,252$674$350$177$105
49 years$2,147$1,195$633$323$161$94
50 years$2,080$1,142$595$299$146$84

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,130,000, adding $2,601 every year, while hoping to spend $29,827 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: 24/46/30 Blend
52$2,130,000$2,130,000$2,130,000$2,130,000
53$2,349,943$2,237,053$2,204,038$2,384,189
54$2,557,901$2,314,933$2,246,138$2,491,788
55$2,786,072$2,395,629$2,288,648$2,604,311
56$3,036,485$2,479,248$2,331,551$2,724,250
57$3,311,376$2,565,901$2,374,828$2,852,246
58$3,613,209$2,655,703$2,418,457$2,988,998
59$3,944,697$2,748,774$2,462,416$3,135,274
60$4,308,830$2,845,237$2,506,681$3,291,918
61$4,708,900$2,945,223$2,551,224$3,459,855
62$5,148,535$3,048,867$2,596,018$3,640,101
63$5,631,732$3,156,307$2,641,030$3,833,771
64$6,162,894$3,267,691$2,686,230$4,042,089
65$6,746,870$3,383,169$2,731,580$4,266,401
66$7,389,006$3,502,900$2,777,043$4,508,184
67$8,095,190$3,627,047$2,822,579$4,769,062
68$8,871,908$3,755,781$2,868,144$5,050,821
69$9,726,309$3,889,280$2,913,693$5,355,422
70$10,666,266$4,027,729$2,959,175$5,685,022
71$11,700,457$4,171,320$3,004,540$6,041,991
72$12,838,442$4,320,252$3,049,730$6,428,940
73$14,090,754$4,474,736$3,094,687$6,848,734
74$15,469,000$4,634,987$3,139,348$7,304,530
75$16,985,968$4,801,231$3,183,646$7,799,798
76$18,655,750$4,973,705$3,227,511$8,338,357
77$20,493,871$5,152,651$3,270,868$8,924,408
78$22,517,441$5,338,326$3,313,637$9,562,574
79$24,745,310$5,530,994$3,355,734$10,257,944
80$27,198,252$5,730,933$3,397,071$11,016,117
81$29,899,155$5,938,430$3,437,554$11,843,256
82$32,873,240$6,153,784$3,477,083$12,746,147
83$36,148,299$6,377,308$3,515,555$13,732,258
84$39,754,957$6,609,328$3,552,857$14,809,812
85$43,726,960$6,850,182$3,588,875$15,987,861
86$48,101,492$7,100,223$3,623,485$17,276,372
87$52,919,530$7,359,820$3,656,557$18,686,320
88$58,226,225$7,629,354$3,687,955$20,229,790
89$64,071,334$7,909,227$3,717,535$21,920,089
90$70,509,684$8,199,853$3,745,147$23,771,872
91$77,601,693$8,501,666$3,770,630$25,801,279
92$85,413,937$8,815,119$3,793,817$28,026,084
93$94,019,781$9,140,683$3,814,533$30,465,864
94$103,500,071$9,478,849$3,832,592$33,142,180
95$113,943,894$9,830,128$3,847,800$36,078,781
96$125,449,421$10,195,055$3,859,951$39,301,825
97$138,124,835$10,574,185$3,868,832$42,840,128
98$152,089,347$10,968,099$3,874,217$46,725,427
99$167,474,327$11,377,402$3,875,870$50,992,688
100$184,424,538$11,802,725$3,873,541$55,680,423