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%16.8%
1 years$177,545$175,964$174,421$172,915$171,444$166,691
2 years$87,894$86,257$84,670$83,132$81,640$76,887
3 years$58,014$56,370$54,787$53,263$51,796$47,192
4 years$43,077$41,438$39,871$38,373$36,941$32,521
5 years$34,117$32,488$30,942$29,474$28,082$23,858
6 years$28,145$26,529$25,005$23,571$22,220$18,197
7 years$23,882$22,279$20,780$19,379$18,071$14,248
8 years$20,686$19,097$17,623$16,257$14,992$11,367
9 years$18,201$16,627$15,178$13,847$12,625$9,195
10 years$16,215$14,656$13,233$11,936$10,757$7,517
11 years$14,590$13,048$11,650$10,388$9,252$6,197
12 years$13,238$11,711$10,339$9,112$8,017$5,142
13 years$12,094$10,583$9,237$8,044$6,991$4,289
14 years$11,115$9,620$8,300$7,141$6,128$3,593
15 years$10,267$8,788$7,494$6,368$5,396$3,020
16 years$9,525$8,063$6,794$5,702$4,769$2,546
17 years$8,872$7,425$6,182$5,123$4,229$2,152
18 years$8,292$6,861$5,644$4,617$3,760$1,822
19 years$7,773$6,359$5,166$4,172$3,351$1,546
20 years$7,307$5,909$4,742$3,779$2,993$1,313
21 years$6,886$5,504$4,361$3,429$2,679$1,117
22 years$6,504$5,138$4,020$3,118$2,401$951
23 years$6,155$4,805$3,711$2,840$2,155$810
24 years$5,836$4,502$3,432$2,590$1,937$691
25 years$5,543$4,225$3,179$2,365$1,743$589
26 years$5,273$3,971$2,948$2,163$1,570$503
27 years$5,023$3,737$2,738$1,980$1,416$429
28 years$4,792$3,522$2,545$1,814$1,277$367
29 years$4,577$3,322$2,369$1,663$1,153$313
30 years$4,376$3,137$2,206$1,526$1,042$268
31 years$4,189$2,966$2,057$1,402$942$229
32 years$4,014$2,806$1,919$1,288$852$196
33 years$3,850$2,658$1,792$1,185$771$168
34 years$3,696$2,519$1,674$1,090$698$143
35 years$3,551$2,389$1,565$1,003$633$123
36 years$3,415$2,268$1,464$924$573$105
37 years$3,286$2,154$1,370$852$519$90
38 years$3,164$2,047$1,283$785$471$77
39 years$3,049$1,946$1,202$724$427$66
40 years$2,939$1,852$1,127$667$387$56
41 years$2,836$1,763$1,057$616$351$48
42 years$2,737$1,679$991$568$319$41
43 years$2,644$1,599$930$525$289$35
44 years$2,555$1,525$873$484$263$30
45 years$2,470$1,454$820$447$238$26
46 years$2,389$1,387$770$413$217$22
47 years$2,311$1,324$723$382$197$19
48 years$2,237$1,264$680$353$179$16
49 years$2,167$1,207$639$326$162$14
50 years$2,099$1,153$601$301$147$12

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 $2,386 every year, while hoping to spend $42,610 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: 83/9/8 Blend
52$2,150,000$2,150,000$2,150,000$2,150,000
53$2,371,761$2,257,811$2,224,486$2,566,210
54$2,568,344$2,323,107$2,253,670$2,758,979
55$2,783,550$2,390,175$2,282,403$2,964,658
56$3,019,235$2,459,055$2,310,625$3,189,201
57$3,277,439$2,529,792$2,338,274$3,434,474
58$3,560,413$2,602,427$2,365,281$3,702,533
59$3,870,634$2,677,004$2,391,577$3,995,643
60$4,210,829$2,753,568$2,417,086$4,316,297
61$4,584,005$2,832,164$2,441,729$4,667,241
62$4,993,469$2,912,836$2,465,423$5,051,500
63$5,442,869$2,995,631$2,488,080$5,472,406
64$5,936,220$3,080,595$2,509,609$5,933,629
65$6,477,945$3,167,775$2,529,912$6,439,211
66$7,072,918$3,257,218$2,548,886$6,993,606
67$7,726,505$3,348,971$2,566,424$7,601,719
68$8,444,621$3,443,084$2,582,411$8,268,954
69$9,233,781$3,539,603$2,596,730$9,001,265
70$10,101,160$3,638,577$2,609,255$9,805,211
71$11,054,667$3,740,056$2,619,853$10,688,018
72$12,103,012$3,844,088$2,628,387$11,657,646
73$13,255,792$3,950,721$2,634,711$12,722,867
74$14,523,582$4,060,005$2,638,673$13,893,344
75$15,918,030$4,171,988$2,640,111$15,179,726
76$17,451,973$4,286,720$2,638,859$16,593,742
77$19,139,553$4,404,248$2,634,739$18,148,318
78$20,996,352$4,524,620$2,627,567$19,857,696
79$23,039,538$4,647,884$2,617,149$21,737,568
80$25,288,027$4,774,087$2,603,280$23,805,224
81$27,762,664$4,903,276$2,585,748$26,079,717
82$30,486,415$5,035,496$2,564,330$28,582,037
83$33,484,585$5,170,791$2,538,791$31,335,317
84$36,785,058$5,309,205$2,508,885$34,365,045
85$40,418,558$5,450,780$2,474,357$37,699,306
86$44,418,940$5,595,557$2,434,937$41,369,047
87$48,823,509$5,743,576$2,390,344$45,408,370
88$53,673,369$5,894,873$2,340,283$49,854,853
89$59,013,815$6,049,484$2,284,445$54,749,902
90$64,894,758$6,207,443$2,222,508$60,139,145
91$71,371,196$6,368,781$2,154,134$66,072,863
92$78,503,732$6,533,524$2,078,971$72,606,460
93$86,359,145$6,701,700$1,996,650$79,800,989
94$95,011,024$6,873,329$1,906,783$87,723,729
95$104,540,456$7,048,430$1,808,969$96,448,816
96$115,036,797$7,227,018$1,702,784$106,057,948
97$126,598,511$7,409,103$1,587,788$116,641,151
98$139,334,101$7,594,690$1,463,521$128,297,630
99$153,363,131$7,783,782$1,329,500$141,136,706
100$168,817,357$7,976,373$1,185,224$155,278,851