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%
1 years$178,371$176,782$175,232$173,719$172,241$171,516
2 years$88,302$86,658$85,064$83,519$82,020$81,287
3 years$58,283$56,632$55,042$53,511$52,037$51,320
4 years$43,277$41,630$40,057$38,552$37,113$36,417
5 years$34,275$32,639$31,085$29,611$28,213$27,540
6 years$28,276$26,652$25,122$23,681$22,324$21,676
7 years$23,993$22,382$20,876$19,469$18,155$17,532
8 years$20,782$19,186$17,705$16,332$15,061$14,462
9 years$18,286$16,705$15,249$13,911$12,684$12,109
10 years$16,290$14,724$13,294$11,992$10,807$10,257
11 years$14,658$13,108$11,704$10,436$9,295$8,768
12 years$13,299$11,765$10,387$9,154$8,055$7,551
13 years$12,150$10,632$9,280$8,082$7,024$6,543
14 years$11,166$9,664$8,338$7,174$6,157$5,699
15 years$10,314$8,829$7,528$6,398$5,421$4,985
16 years$9,570$8,100$6,826$5,729$4,791$4,377
17 years$8,913$7,460$6,211$5,147$4,248$3,854
18 years$8,330$6,893$5,670$4,639$3,777$3,403
19 years$7,809$6,389$5,191$4,191$3,367$3,012
20 years$7,341$5,937$4,764$3,796$3,007$2,671
21 years$6,918$5,530$4,382$3,445$2,691$2,373
22 years$6,534$5,162$4,038$3,133$2,412$2,112
23 years$6,184$4,828$3,729$2,853$2,165$1,882
24 years$5,863$4,523$3,448$2,602$1,946$1,679
25 years$5,569$4,245$3,194$2,376$1,751$1,499
26 years$5,297$3,990$2,962$2,173$1,578$1,340
27 years$5,047$3,755$2,751$1,989$1,422$1,199
28 years$4,814$3,538$2,557$1,822$1,283$1,073
29 years$4,598$3,338$2,380$1,671$1,159$961
30 years$4,397$3,152$2,216$1,533$1,047$862
31 years$4,209$2,980$2,066$1,408$947$773
32 years$4,033$2,819$1,928$1,294$856$693
33 years$3,868$2,670$1,800$1,190$775$622
34 years$3,713$2,531$1,682$1,095$702$559
35 years$3,568$2,400$1,573$1,008$636$502
36 years$3,431$2,278$1,471$928$576$451
37 years$3,301$2,164$1,377$855$522$405
38 years$3,179$2,056$1,289$788$473$365
39 years$3,063$1,955$1,208$727$429$328
40 years$2,953$1,860$1,132$671$389$295
41 years$2,849$1,771$1,062$619$353$265
42 years$2,750$1,687$996$571$320$239
43 years$2,656$1,607$935$527$291$215
44 years$2,566$1,532$877$487$264$193
45 years$2,481$1,461$824$449$240$174
46 years$2,400$1,393$774$415$218$156
47 years$2,322$1,330$727$384$198$141
48 years$2,248$1,269$683$354$179$127
49 years$2,177$1,212$642$328$163$114
50 years$2,109$1,158$604$303$148$103

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 $5,149 every year, while hoping to spend $39,138 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: 30/46/24 Blend
52$2,160,000$2,160,000$2,160,000$2,160,000
53$2,385,631$2,271,151$2,237,671$2,439,318
54$2,587,323$2,340,795$2,270,991$2,550,740
55$2,808,276$2,412,540$2,304,115$2,666,703
56$3,050,413$2,486,447$2,336,995$2,790,655
57$3,315,852$2,562,580$2,369,581$2,923,315
58$3,606,926$2,641,004$2,401,820$3,065,471
59$3,926,205$2,721,785$2,433,653$3,217,992
60$4,276,518$2,804,993$2,465,021$3,381,831
61$4,660,983$2,890,698$2,495,860$3,558,037
62$5,083,035$2,978,973$2,526,102$3,747,764
63$5,546,454$3,069,893$2,555,676$3,952,281
64$6,055,408$3,163,533$2,584,507$4,172,984
65$6,614,486$3,259,973$2,612,514$4,411,408
66$7,228,745$3,359,293$2,639,615$4,669,243
67$7,903,756$3,461,577$2,665,721$4,948,350
68$8,645,654$3,566,910$2,690,738$5,250,774
69$9,461,202$3,675,379$2,714,569$5,578,769
70$10,357,846$3,787,075$2,737,108$5,934,816
71$11,343,794$3,902,088$2,758,249$6,321,644
72$12,428,085$4,020,516$2,777,875$6,742,261
73$13,620,683$4,142,453$2,795,866$7,199,976
74$14,932,560$4,268,001$2,812,095$7,698,435
75$16,375,810$4,397,262$2,826,429$8,241,652
76$17,963,755$4,530,341$2,838,727$8,834,046
77$19,711,076$4,667,345$2,848,842$9,480,488
78$21,633,946$4,808,385$2,856,619$10,186,339
79$23,750,188$4,953,575$2,861,895$10,957,507
80$26,079,438$5,103,032$2,864,500$11,800,496
81$28,643,333$5,256,873$2,864,253$12,722,473
82$31,465,716$5,415,223$2,860,968$13,731,333
83$34,572,856$5,578,205$2,854,447$14,835,773
84$37,993,699$5,745,949$2,844,484$16,045,373
85$41,760,142$5,918,587$2,830,860$17,370,688
86$45,907,332$6,096,253$2,813,349$18,823,346
87$50,473,997$6,279,086$2,791,713$20,416,159
88$55,502,810$6,467,227$2,765,701$22,163,242
89$61,040,798$6,660,822$2,735,053$24,080,147
90$67,139,776$6,860,019$2,699,494$26,184,007
91$73,856,844$7,064,971$2,658,738$28,493,703
92$81,254,920$7,275,832$2,612,484$31,030,036
93$89,403,338$7,492,764$2,560,417$33,815,927
94$98,378,497$7,715,928$2,502,210$36,876,632
95$108,264,586$7,945,491$2,437,517$40,239,978
96$119,154,379$8,181,625$2,365,979$43,936,629
97$131,150,105$8,424,504$2,287,218$48,000,374
98$144,364,417$8,674,307$2,200,842$52,468,445
99$158,921,455$8,931,215$2,106,437$57,381,869
100$174,958,015$9,195,415$2,003,574$62,785,852