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%14.4%
1 years$178,371$176,782$175,232$173,719$172,241$169,110
2 years$88,302$86,658$85,064$83,519$82,020$78,876
3 years$58,283$56,632$55,042$53,511$52,037$48,978
4 years$43,277$41,630$40,057$38,552$37,113$34,164
5 years$34,275$32,639$31,085$29,611$28,213$25,381
6 years$28,276$26,652$25,122$23,681$22,324$19,613
7 years$23,993$22,382$20,876$19,469$18,155$15,566
8 years$20,782$19,186$17,705$16,332$15,061$12,594
9 years$18,286$16,705$15,249$13,911$12,684$10,336
10 years$16,290$14,724$13,294$11,992$10,807$8,576
11 years$14,658$13,108$11,704$10,436$9,295$7,179
12 years$13,299$11,765$10,387$9,154$8,055$6,051
13 years$12,150$10,632$9,280$8,082$7,024$5,129
14 years$11,166$9,664$8,338$7,174$6,157$4,367
15 years$10,314$8,829$7,528$6,398$5,421$3,733
16 years$9,570$8,100$6,826$5,729$4,791$3,202
17 years$8,913$7,460$6,211$5,147$4,248$2,753
18 years$8,330$6,893$5,670$4,639$3,777$2,373
19 years$7,809$6,389$5,191$4,191$3,367$2,049
20 years$7,341$5,937$4,764$3,796$3,007$1,772
21 years$6,918$5,530$4,382$3,445$2,691$1,535
22 years$6,534$5,162$4,038$3,133$2,412$1,331
23 years$6,184$4,828$3,729$2,853$2,165$1,156
24 years$5,863$4,523$3,448$2,602$1,946$1,004
25 years$5,569$4,245$3,194$2,376$1,751$873
26 years$5,297$3,990$2,962$2,173$1,578$760
27 years$5,047$3,755$2,751$1,989$1,422$662
28 years$4,814$3,538$2,557$1,822$1,283$576
29 years$4,598$3,338$2,380$1,671$1,159$502
30 years$4,397$3,152$2,216$1,533$1,047$438
31 years$4,209$2,980$2,066$1,408$947$382
32 years$4,033$2,819$1,928$1,294$856$333
33 years$3,868$2,670$1,800$1,190$775$291
34 years$3,713$2,531$1,682$1,095$702$254
35 years$3,568$2,400$1,573$1,008$636$222
36 years$3,431$2,278$1,471$928$576$193
37 years$3,301$2,164$1,377$855$522$169
38 years$3,179$2,056$1,289$788$473$148
39 years$3,063$1,955$1,208$727$429$129
40 years$2,953$1,860$1,132$671$389$113
41 years$2,849$1,771$1,062$619$353$98
42 years$2,750$1,687$996$571$320$86
43 years$2,656$1,607$935$527$291$75
44 years$2,566$1,532$877$487$264$66
45 years$2,481$1,461$824$449$240$57
46 years$2,400$1,393$774$415$218$50
47 years$2,322$1,330$727$384$198$44
48 years$2,248$1,269$683$354$179$38
49 years$2,177$1,212$642$328$163$33
50 years$2,109$1,158$604$303$148$29

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 $6,327 every year, while hoping to spend $43,197 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: 58/13/29 Blend
52$2,160,000$2,160,000$2,160,000$2,160,000
53$2,386,846$2,272,366$2,238,886$2,505,996
54$2,584,343$2,337,751$2,267,928$2,653,798
55$2,800,537$2,404,892$2,296,494$2,809,808
56$3,037,290$2,473,829$2,324,524$2,979,045
57$3,296,650$2,544,604$2,351,953$3,162,806
58$3,580,877$2,617,257$2,378,712$3,362,519
59$3,892,456$2,691,832$2,404,728$3,579,758
60$4,234,125$2,768,371$2,429,925$3,816,256
61$4,608,900$2,846,915$2,454,222$4,073,922
62$5,020,104$2,927,510$2,477,534$4,354,860
63$5,471,394$3,010,199$2,499,772$4,661,388
64$5,966,803$3,095,025$2,520,841$4,996,060
65$6,510,769$3,182,033$2,540,641$5,361,690
66$7,108,184$3,271,269$2,559,068$5,761,378
67$7,764,434$3,362,776$2,576,012$6,198,542
68$8,485,454$3,456,601$2,591,357$6,676,947
69$9,277,784$3,552,788$2,604,981$7,200,741
70$10,148,626$3,651,382$2,616,756$7,774,497
71$11,105,917$3,752,430$2,626,548$8,403,252
72$12,158,397$3,855,977$2,634,215$9,092,558
73$13,315,701$3,962,067$2,639,608$9,848,535
74$14,588,440$4,070,745$2,642,572$10,677,924
75$15,988,306$4,182,057$2,642,943$11,588,156
76$17,528,181$4,296,046$2,640,550$12,587,419
77$19,222,260$4,412,756$2,635,213$13,684,738
78$21,086,180$4,532,231$2,626,742$14,890,057
79$23,137,172$4,654,512$2,614,939$16,214,336
80$25,394,222$4,779,641$2,599,598$17,669,655
81$27,878,248$4,907,659$2,580,500$19,269,323
82$30,612,299$5,038,605$2,557,417$21,028,010
83$33,621,774$5,172,517$2,530,111$22,961,883
84$36,934,657$5,309,432$2,498,332$25,088,759
85$40,581,783$5,449,385$2,461,817$27,428,273
86$44,597,129$5,592,409$2,420,291$30,002,065
87$49,018,134$5,738,535$2,373,469$32,833,983
88$53,886,053$5,887,792$2,321,050$35,950,308
89$59,246,344$6,040,208$2,262,718$39,380,007
90$65,149,098$6,195,805$2,198,146$43,154,999
91$71,649,510$6,354,604$2,126,989$47,310,464
92$78,808,404$6,516,623$2,048,887$51,885,172
93$86,692,801$6,681,877$1,963,464$56,921,850
94$95,376,553$6,850,375$1,870,327$62,467,586
95$104,941,042$7,022,124$1,769,063$68,574,272
96$115,475,945$7,197,126$1,659,244$75,299,100
97$127,080,083$7,375,376$1,540,419$82,705,096
98$139,862,348$7,556,866$1,412,120$90,861,719
99$153,942,738$7,741,583$1,273,856$99,845,517
100$169,453,482$7,929,505$1,125,115$109,740,851