Can I retire at age 53 with 2,150,000?

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 $2,150,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$177,545$175,964$174,421$172,915$171,444$168,120
2 years$87,894$86,257$84,670$83,132$81,640$78,305
3 years$58,014$56,370$54,787$53,263$51,796$48,553
4 years$43,077$41,438$39,871$38,373$36,941$33,816
5 years$34,117$32,488$30,942$29,474$28,082$25,083
6 years$28,145$26,529$25,005$23,571$22,220$19,351
7 years$23,882$22,279$20,780$19,379$18,071$15,333
8 years$20,686$19,097$17,623$16,257$14,992$12,383
9 years$18,201$16,627$15,178$13,847$12,625$10,145
10 years$16,215$14,656$13,233$11,936$10,757$8,402
11 years$14,590$13,048$11,650$10,388$9,252$7,020
12 years$13,238$11,711$10,339$9,112$8,017$5,905
13 years$12,094$10,583$9,237$8,044$6,991$4,995
14 years$11,115$9,620$8,300$7,141$6,128$4,245
15 years$10,267$8,788$7,494$6,368$5,396$3,621
16 years$9,525$8,063$6,794$5,702$4,769$3,099
17 years$8,872$7,425$6,182$5,123$4,229$2,659
18 years$8,292$6,861$5,644$4,617$3,760$2,287
19 years$7,773$6,359$5,166$4,172$3,351$1,970
20 years$7,307$5,909$4,742$3,779$2,993$1,700
21 years$6,886$5,504$4,361$3,429$2,679$1,470
22 years$6,504$5,138$4,020$3,118$2,401$1,272
23 years$6,155$4,805$3,711$2,840$2,155$1,101
24 years$5,836$4,502$3,432$2,590$1,937$955
25 years$5,543$4,225$3,179$2,365$1,743$828
26 years$5,273$3,971$2,948$2,163$1,570$719
27 years$5,023$3,737$2,738$1,980$1,416$625
28 years$4,792$3,522$2,545$1,814$1,277$543
29 years$4,577$3,322$2,369$1,663$1,153$472
30 years$4,376$3,137$2,206$1,526$1,042$410
31 years$4,189$2,966$2,057$1,402$942$357
32 years$4,014$2,806$1,919$1,288$852$311
33 years$3,850$2,658$1,792$1,185$771$270
34 years$3,696$2,519$1,674$1,090$698$235
35 years$3,551$2,389$1,565$1,003$633$205
36 years$3,415$2,268$1,464$924$573$179
37 years$3,286$2,154$1,370$852$519$156
38 years$3,164$2,047$1,283$785$471$135
39 years$3,049$1,946$1,202$724$427$118
40 years$2,939$1,852$1,127$667$387$103
41 years$2,836$1,763$1,057$616$351$90
42 years$2,737$1,679$991$568$319$78
43 years$2,644$1,599$930$525$289$68
44 years$2,555$1,525$873$484$263$59
45 years$2,470$1,454$820$447$238$52
46 years$2,389$1,387$770$413$217$45
47 years$2,311$1,324$723$382$197$39
48 years$2,237$1,264$680$353$179$34
49 years$2,167$1,207$639$326$162$30
50 years$2,099$1,153$601$301$147$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,150,000, adding $3,045 every year, while hoping to spend $25,460 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: 26/49/25 Blend
52$2,150,000$2,150,000$2,150,000$2,150,000
53$2,372,441$2,258,491$2,225,166$2,415,381
54$2,587,341$2,342,068$2,272,620$2,533,955
55$2,823,307$2,428,886$2,320,810$2,658,691
56$3,082,461$2,519,079$2,369,734$2,791,997
57$3,367,142$2,612,783$2,419,390$2,934,611
58$3,679,923$2,710,143$2,469,772$3,087,346
59$4,023,642$2,811,306$2,520,876$3,251,088
60$4,401,424$2,916,431$2,572,696$3,426,813
61$4,816,712$3,025,678$2,625,224$3,615,588
62$5,273,299$3,139,219$2,678,451$3,818,585
63$5,775,364$3,257,229$2,732,368$4,037,091
64$6,327,511$3,379,894$2,786,963$4,272,516
65$6,934,815$3,507,406$2,842,223$4,526,409
66$7,602,863$3,639,966$2,898,135$4,800,472
67$8,337,813$3,777,783$2,954,681$5,096,572
68$9,146,452$3,921,076$3,011,844$5,416,762
69$10,036,255$4,070,073$3,069,606$5,763,296
70$11,015,458$4,225,013$3,127,943$6,138,651
71$12,093,139$4,386,142$3,186,833$6,545,549
72$13,279,298$4,553,722$3,246,251$6,986,982
73$14,584,953$4,728,021$3,306,167$7,466,238
74$16,022,247$4,909,323$3,366,553$7,986,936
75$17,604,559$5,097,922$3,427,374$8,553,050
76$19,346,629$5,294,126$3,488,597$9,168,953
77$21,264,703$5,498,255$3,550,182$9,839,456
78$23,376,678$5,710,646$3,612,089$10,569,848
79$25,702,279$5,931,647$3,674,274$11,365,948
80$28,263,239$6,161,625$3,736,689$12,234,161
81$31,083,505$6,400,960$3,799,284$13,181,529
82$34,189,466$6,650,051$3,862,004$14,215,806
83$37,610,202$6,909,314$3,924,792$15,345,522
84$41,377,756$7,179,184$3,987,585$16,580,065
85$45,527,437$7,460,113$4,050,319$17,929,768
86$50,098,153$7,752,576$4,112,922$19,406,006
87$55,132,780$8,057,068$4,175,321$21,021,297
88$60,678,565$8,374,105$4,237,435$22,789,424
89$66,787,570$8,704,228$4,299,181$24,725,560
90$73,517,167$9,048,000$4,360,468$26,846,411
91$80,930,577$9,406,011$4,421,203$29,170,368
92$89,097,466$9,778,876$4,481,283$31,717,683
93$98,094,606$10,167,239$4,540,604$34,510,656
94$108,006,593$10,571,771$4,599,052$37,573,842
95$118,926,652$10,993,175$4,656,507$40,934,282
96$130,957,515$11,432,184$4,712,844$44,621,755
97$144,212,386$11,889,566$4,767,929$48,669,057
98$158,816,016$12,366,121$4,821,621$53,112,307
99$174,905,876$12,862,687$4,873,772$57,991,285
100$192,633,456$13,380,140$4,924,224$63,349,806