Can I retire at age 53 with 2,140,000?

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 $2,140,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$176,719$175,145$173,609$172,110$170,647$164,265
2 years$87,485$85,855$84,276$82,745$81,260$74,904
3 years$57,744$56,107$54,532$53,016$51,555$45,424
4 years$42,876$41,245$39,686$38,195$36,769$30,911
5 years$33,958$32,337$30,798$29,337$27,951$22,380
6 years$28,015$26,405$24,889$23,461$22,117$16,837
7 years$23,771$22,175$20,683$19,289$17,987$12,996
8 years$20,590$19,008$17,541$16,181$14,922$10,216
9 years$18,116$16,550$15,108$13,783$12,567$8,139
10 years$16,139$14,588$13,171$11,881$10,707$6,550
11 years$14,522$12,987$11,596$10,340$9,209$5,313
12 years$13,176$11,656$10,291$9,069$7,980$4,336
13 years$12,038$10,534$9,194$8,007$6,959$3,556
14 years$11,063$9,575$8,261$7,108$6,100$2,927
15 years$10,219$8,747$7,459$6,339$5,371$2,418
16 years$9,481$8,025$6,762$5,676$4,747$2,002
17 years$8,831$7,391$6,154$5,100$4,209$1,661
18 years$8,253$6,829$5,617$4,596$3,742$1,381
19 years$7,737$6,330$5,142$4,153$3,336$1,149
20 years$7,273$5,882$4,719$3,761$2,979$958
21 years$6,854$5,479$4,341$3,413$2,666$799
22 years$6,473$5,114$4,001$3,104$2,390$667
23 years$6,127$4,783$3,694$2,826$2,145$557
24 years$5,809$4,481$3,416$2,578$1,928$466
25 years$5,517$4,206$3,164$2,354$1,735$389
26 years$5,248$3,953$2,935$2,153$1,563$326
27 years$5,000$3,720$2,725$1,970$1,409$273
28 years$4,770$3,505$2,533$1,805$1,271$228
29 years$4,556$3,307$2,358$1,655$1,148$191
30 years$4,356$3,123$2,196$1,519$1,037$160
31 years$4,170$2,952$2,047$1,395$938$134
32 years$3,996$2,793$1,910$1,282$848$112
33 years$3,832$2,645$1,783$1,179$768$94
34 years$3,679$2,507$1,666$1,085$695$79
35 years$3,535$2,378$1,558$999$630$66
36 years$3,399$2,257$1,457$920$570$55
37 years$3,271$2,144$1,364$848$517$46
38 years$3,149$2,037$1,277$781$469$39
39 years$3,034$1,937$1,197$720$425$33
40 years$2,926$1,843$1,122$664$386$27
41 years$2,823$1,754$1,052$613$350$23
42 years$2,725$1,671$987$566$317$19
43 years$2,631$1,592$926$522$288$16
44 years$2,543$1,518$869$482$261$13
45 years$2,458$1,447$816$445$237$11
46 years$2,377$1,381$766$411$216$9
47 years$2,301$1,317$720$380$196$8
48 years$2,227$1,258$677$351$178$7
49 years$2,157$1,201$636$325$161$6
50 years$2,089$1,147$598$300$147$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,140,000, adding $4,027 every year, while hoping to spend $31,576 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: 82/9/9 Blend
52$2,140,000$2,140,000$2,140,000$2,140,000
53$2,362,434$2,249,014$2,215,844$2,552,848
54$2,569,805$2,325,619$2,256,478$2,754,686
55$2,797,271$2,404,919$2,297,415$2,971,624
56$3,046,846$2,487,014$2,338,632$3,208,834
57$3,320,752$2,572,005$2,380,104$3,468,330
58$3,621,434$2,659,999$2,421,803$3,752,331
59$3,951,588$2,751,107$2,463,701$4,063,279
60$4,314,182$2,845,443$2,505,767$4,403,865
61$4,712,486$2,943,127$2,547,968$4,777,052
62$5,150,102$3,044,283$2,590,267$5,186,104
63$5,630,999$3,149,039$2,632,627$5,634,615
64$6,159,548$3,257,529$2,675,007$6,126,545
65$6,740,566$3,369,892$2,717,364$6,666,255
66$7,379,359$3,486,272$2,759,651$7,258,551
67$8,081,773$3,606,819$2,801,820$7,908,724
68$8,854,250$3,731,690$2,843,817$8,622,604
69$9,703,886$3,861,045$2,885,587$9,406,616
70$10,638,500$3,995,053$2,927,071$10,267,834
71$11,666,706$4,133,890$2,968,207$11,214,054
72$12,797,996$4,277,737$3,008,928$12,253,865
73$14,042,828$4,426,782$3,049,164$13,396,727
74$15,412,725$4,581,223$3,088,839$14,653,066
75$16,920,384$4,741,264$3,127,877$16,034,366
76$18,579,795$4,907,117$3,166,191$17,553,283
77$20,406,371$5,079,003$3,203,696$19,223,757
78$22,417,098$5,257,152$3,240,298$21,061,151
79$24,630,692$5,441,802$3,275,897$23,082,390
80$27,067,775$5,633,202$3,310,392$25,306,123
81$29,751,069$5,831,611$3,343,671$27,752,899
82$32,705,615$6,037,296$3,375,621$30,445,357
83$35,959,002$6,250,538$3,406,119$33,408,447
84$39,541,634$6,471,628$3,435,037$36,669,656
85$43,487,010$6,700,867$3,462,241$40,259,273
86$47,832,047$6,938,572$3,487,588$44,210,673
87$52,617,423$7,185,068$3,510,928$48,560,633
88$57,887,961$7,440,699$3,532,106$53,349,675
89$63,693,057$7,705,817$3,550,956$58,622,451
90$70,087,140$7,980,792$3,567,303$64,428,166
91$77,130,186$8,266,009$3,580,966$70,821,037
92$84,888,289$8,561,868$3,591,753$77,860,809
93$93,434,280$8,868,784$3,599,461$85,613,314
94$102,848,414$9,187,193$3,603,881$94,151,097
95$113,219,131$9,517,544$3,604,790$103,554,098
96$124,643,887$9,860,308$3,601,955$113,910,405
97$137,230,074$10,215,974$3,595,131$125,317,085
98$151,096,037$10,585,052$3,584,063$137,881,105
99$166,372,186$10,968,072$3,568,482$151,720,333
100$183,202,228$11,365,587$3,548,106$166,964,656