Can I retire at age 53 with 2,160,000?

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 $2,160,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$178,371$176,782$175,232$173,719$172,241$171,372
2 years$88,302$86,658$85,064$83,519$82,020$81,142
3 years$58,283$56,632$55,042$53,511$52,037$51,178
4 years$43,277$41,630$40,057$38,552$37,113$36,280
5 years$34,275$32,639$31,085$29,611$28,213$27,408
6 years$28,276$26,652$25,122$23,681$22,324$21,548
7 years$23,993$22,382$20,876$19,469$18,155$17,409
8 years$20,782$19,186$17,705$16,332$15,061$14,345
9 years$18,286$16,705$15,249$13,911$12,684$11,997
10 years$16,290$14,724$13,294$11,992$10,807$10,150
11 years$14,658$13,108$11,704$10,436$9,295$8,666
12 years$13,299$11,765$10,387$9,154$8,055$7,454
13 years$12,150$10,632$9,280$8,082$7,024$6,451
14 years$11,166$9,664$8,338$7,174$6,157$5,611
15 years$10,314$8,829$7,528$6,398$5,421$4,902
16 years$9,570$8,100$6,826$5,729$4,791$4,298
17 years$8,913$7,460$6,211$5,147$4,248$3,780
18 years$8,330$6,893$5,670$4,639$3,777$3,333
19 years$7,809$6,389$5,191$4,191$3,367$2,946
20 years$7,341$5,937$4,764$3,796$3,007$2,609
21 years$6,918$5,530$4,382$3,445$2,691$2,314
22 years$6,534$5,162$4,038$3,133$2,412$2,056
23 years$6,184$4,828$3,729$2,853$2,165$1,829
24 years$5,863$4,523$3,448$2,602$1,946$1,629
25 years$5,569$4,245$3,194$2,376$1,751$1,453
26 years$5,297$3,990$2,962$2,173$1,578$1,297
27 years$5,047$3,755$2,751$1,989$1,422$1,158
28 years$4,814$3,538$2,557$1,822$1,283$1,035
29 years$4,598$3,338$2,380$1,671$1,159$926
30 years$4,397$3,152$2,216$1,533$1,047$829
31 years$4,209$2,980$2,066$1,408$947$742
32 years$4,033$2,819$1,928$1,294$856$665
33 years$3,868$2,670$1,800$1,190$775$596
34 years$3,713$2,531$1,682$1,095$702$534
35 years$3,568$2,400$1,573$1,008$636$479
36 years$3,431$2,278$1,471$928$576$430
37 years$3,301$2,164$1,377$855$522$385
38 years$3,179$2,056$1,289$788$473$346
39 years$3,063$1,955$1,208$727$429$310
40 years$2,953$1,860$1,132$671$389$279
41 years$2,849$1,771$1,062$619$353$250
42 years$2,750$1,687$996$571$320$225
43 years$2,656$1,607$935$527$291$202
44 years$2,566$1,532$877$487$264$181
45 years$2,481$1,461$824$449$240$163
46 years$2,400$1,393$774$415$218$146
47 years$2,322$1,330$727$384$198$132
48 years$2,248$1,269$683$354$179$118
49 years$2,177$1,212$642$328$163$106
50 years$2,109$1,158$604$303$148$96

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,160,000, adding $5,741 every year, while hoping to spend $54,327 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: 67/18/15 Blend
52$2,160,000$2,160,000$2,160,000$2,160,000
53$2,386,242$2,271,762$2,238,282$2,537,315
54$2,571,835$2,325,275$2,255,461$2,692,350
55$2,774,538$2,379,589$2,271,394$2,854,889
56$2,996,038$2,434,686$2,285,984$3,031,252
57$3,238,194$2,490,546$2,299,124$3,222,789
58$3,503,052$2,547,145$2,310,707$3,430,991
59$3,792,864$2,604,455$2,320,616$3,657,497
60$4,110,110$2,662,448$2,328,731$3,904,116
61$4,457,523$2,721,089$2,334,924$4,172,837
62$4,838,109$2,780,341$2,339,063$4,465,855
63$5,255,181$2,840,163$2,341,007$4,785,585
64$5,712,388$2,900,509$2,340,609$5,134,689
65$6,213,746$2,961,329$2,337,715$5,516,102
66$6,763,683$3,022,569$2,332,162$5,933,055
67$7,367,071$3,084,167$2,323,782$6,389,109
68$8,029,279$3,146,058$2,312,396$6,888,190
69$8,756,223$3,208,172$2,297,818$7,434,620
70$9,554,414$3,270,430$2,279,852$8,033,166
71$10,431,031$3,332,747$2,258,294$8,689,078
72$11,393,978$3,395,033$2,232,928$9,408,142
73$12,451,963$3,457,190$2,203,531$10,196,735
74$13,614,581$3,519,109$2,169,867$11,061,885
75$14,892,400$3,580,677$2,131,689$12,011,335
76$16,297,064$3,641,769$2,088,739$13,053,618
77$17,841,401$3,702,253$2,040,749$14,198,141
78$19,539,545$3,761,984$1,987,435$15,455,268
79$21,407,066$3,820,810$1,928,502$16,836,420
80$23,461,122$3,878,564$1,863,641$18,354,186
81$25,720,612$3,935,070$1,792,530$20,022,439
82$28,206,364$3,990,138$1,714,829$21,856,467
83$30,941,324$4,043,565$1,630,186$23,873,120
84$33,950,774$4,095,134$1,538,232$26,090,967
85$37,262,571$4,144,614$1,438,581$28,530,473
86$40,907,408$4,191,755$1,330,829$31,214,191
87$44,919,107$4,236,295$1,214,555$34,166,977
88$49,334,933$4,277,950$1,089,319$37,416,225
89$54,195,946$4,316,419$954,661$40,992,123
90$59,547,391$4,351,382$810,101$44,927,944
91$65,439,122$4,382,498$655,137$49,260,354
92$71,926,074$4,409,401$489,245$54,029,764
93$79,068,778$4,431,706$311,880$59,280,709
94$86,933,935$4,449,001$122,469$65,062,273
95$95,595,042$4,460,848$0$71,428,546
96$105,133,087$4,466,781$0$78,451,892
97$115,637,316$4,466,306$0$86,207,006
98$127,206,066$4,458,899$0$94,746,775
99$139,947,701$4,444,002$0$104,151,102
100$153,981,632$4,421,023$0$114,508,041