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%16.2%
1 years$176,719$175,145$173,609$172,110$170,647$166,319
2 years$87,485$85,855$84,276$82,745$81,260$76,928
3 years$57,744$56,107$54,532$53,016$51,555$47,354
4 years$42,876$41,245$39,686$38,195$36,769$32,732
5 years$33,958$32,337$30,798$29,337$27,951$24,089
6 years$28,015$26,405$24,889$23,461$22,117$18,433
7 years$23,771$22,175$20,683$19,289$17,987$14,482
8 years$20,590$19,008$17,541$16,181$14,922$11,594
9 years$18,116$16,550$15,108$13,783$12,567$9,413
10 years$16,139$14,588$13,171$11,881$10,707$7,724
11 years$14,522$12,987$11,596$10,340$9,209$6,392
12 years$13,176$11,656$10,291$9,069$7,980$5,325
13 years$12,038$10,534$9,194$8,007$6,959$4,460
14 years$11,063$9,575$8,261$7,108$6,100$3,751
15 years$10,219$8,747$7,459$6,339$5,371$3,167
16 years$9,481$8,025$6,762$5,676$4,747$2,681
17 years$8,831$7,391$6,154$5,100$4,209$2,276
18 years$8,253$6,829$5,617$4,596$3,742$1,936
19 years$7,737$6,330$5,142$4,153$3,336$1,649
20 years$7,273$5,882$4,719$3,761$2,979$1,407
21 years$6,854$5,479$4,341$3,413$2,666$1,203
22 years$6,473$5,114$4,001$3,104$2,390$1,028
23 years$6,127$4,783$3,694$2,826$2,145$880
24 years$5,809$4,481$3,416$2,578$1,928$754
25 years$5,517$4,206$3,164$2,354$1,735$647
26 years$5,248$3,953$2,935$2,153$1,563$555
27 years$5,000$3,720$2,725$1,970$1,409$476
28 years$4,770$3,505$2,533$1,805$1,271$409
29 years$4,556$3,307$2,358$1,655$1,148$351
30 years$4,356$3,123$2,196$1,519$1,037$301
31 years$4,170$2,952$2,047$1,395$938$259
32 years$3,996$2,793$1,910$1,282$848$223
33 years$3,832$2,645$1,783$1,179$768$191
34 years$3,679$2,507$1,666$1,085$695$164
35 years$3,535$2,378$1,558$999$630$141
36 years$3,399$2,257$1,457$920$570$122
37 years$3,271$2,144$1,364$848$517$105
38 years$3,149$2,037$1,277$781$469$90
39 years$3,034$1,937$1,197$720$425$77
40 years$2,926$1,843$1,122$664$386$67
41 years$2,823$1,754$1,052$613$350$57
42 years$2,725$1,671$987$566$317$49
43 years$2,631$1,592$926$522$288$42
44 years$2,543$1,518$869$482$261$36
45 years$2,458$1,447$816$445$237$31
46 years$2,377$1,381$766$411$216$27
47 years$2,301$1,317$720$380$196$23
48 years$2,227$1,258$677$351$178$20
49 years$2,157$1,201$636$325$161$17
50 years$2,089$1,147$598$300$147$15

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 $3,311 every year, while hoping to spend $35,901 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: 73/7/20 Blend
52$2,140,000$2,140,000$2,140,000$2,140,000
53$2,361,695$2,248,275$2,215,105$2,522,554
54$2,564,390$2,320,242$2,251,113$2,701,861
55$2,786,556$2,394,533$2,287,124$2,893,585
56$3,030,142$2,471,222$2,323,099$3,102,712
57$3,297,293$2,550,389$2,359,000$3,330,967
58$3,590,374$2,632,114$2,394,783$3,580,248
59$3,911,986$2,716,482$2,430,403$3,852,645
60$4,264,998$2,803,579$2,465,810$4,150,462
61$4,652,567$2,893,494$2,500,955$4,476,235
62$5,078,174$2,986,320$2,535,781$4,832,760
63$5,545,650$3,082,152$2,570,233$5,223,115
64$6,059,219$3,181,090$2,604,248$5,650,691
65$6,623,530$3,283,235$2,637,761$6,119,223
66$7,243,709$3,388,692$2,670,705$6,632,829
67$7,925,401$3,497,571$2,703,007$7,196,042
68$8,674,824$3,609,984$2,734,590$7,813,858
69$9,498,830$3,726,048$2,765,373$8,491,781
70$10,404,970$3,845,883$2,795,272$9,235,875
71$11,401,559$3,969,614$2,824,196$10,052,823
72$12,497,762$4,097,369$2,852,051$10,949,985
73$13,703,675$4,229,281$2,878,735$11,935,474
74$15,030,422$4,365,488$2,904,145$13,018,226
75$16,490,260$4,506,131$2,928,168$14,208,089
76$18,096,693$4,651,359$2,950,689$15,515,915
77$19,864,602$4,801,321$2,971,583$16,953,659
78$21,810,382$4,956,177$2,990,722$18,534,496
79$23,952,098$5,116,087$3,007,969$20,272,943
80$26,309,658$5,281,220$3,023,181$22,184,996
81$28,904,993$5,451,750$3,036,207$24,288,282
82$31,762,272$5,627,856$3,046,891$26,602,223
83$34,908,127$5,809,724$3,055,064$29,148,224
84$38,371,901$5,997,545$3,060,554$31,949,868
85$42,185,929$6,191,519$3,063,176$35,033,145
86$46,385,840$6,391,851$3,062,740$38,426,692
87$51,010,897$6,598,752$3,059,043$42,162,069
88$56,104,361$6,812,444$3,051,873$46,274,049
89$61,713,904$7,033,152$3,041,009$50,800,956
90$67,892,058$7,261,112$3,026,219$55,785,017
91$74,696,709$7,496,568$3,007,258$61,272,768
92$82,191,644$7,739,770$2,983,872$67,315,488
93$90,447,152$7,990,979$2,955,791$73,969,686
94$99,540,688$8,250,464$2,922,737$81,297,636
95$109,557,605$8,518,503$2,884,416$89,367,957
96$120,591,956$8,795,385$2,840,519$98,256,272
97$132,747,384$9,081,407$2,790,725$108,045,913
98$146,138,100$9,376,879$2,734,697$118,828,710
99$160,889,960$9,682,119$2,672,082$130,705,860
100$177,141,650$9,997,458$2,602,512$143,788,882