Can I retire at age 53 with 2,180,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,180,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$180,022$178,419$176,854$175,327$173,836$170,606
2 years$89,120$87,460$85,852$84,292$82,779$79,536
3 years$58,823$57,156$55,552$54,007$52,519$49,365
4 years$43,678$42,016$40,427$38,909$37,457$34,416
5 years$34,593$32,941$31,373$29,886$28,474$25,555
6 years$28,538$26,899$25,354$23,900$22,530$19,737
7 years$24,215$22,590$21,070$19,649$18,323$15,656
8 years$20,974$19,363$17,869$16,483$15,201$12,659
9 years$18,455$16,859$15,390$14,040$12,801$10,383
10 years$16,441$14,861$13,418$12,103$10,907$8,610
11 years$14,794$13,230$11,813$10,533$9,381$7,202
12 years$13,422$11,874$10,483$9,239$8,129$6,067
13 years$12,263$10,731$9,366$8,157$7,089$5,139
14 years$11,270$9,754$8,416$7,240$6,214$4,373
15 years$10,410$8,910$7,598$6,457$5,471$3,736
16 years$9,658$8,175$6,889$5,782$4,836$3,201
17 years$8,996$7,529$6,269$5,195$4,288$2,751
18 years$8,407$6,957$5,722$4,682$3,812$2,369
19 years$7,882$6,448$5,239$4,230$3,398$2,044
20 years$7,409$5,992$4,808$3,831$3,035$1,767
21 years$6,982$5,581$4,422$3,477$2,716$1,529
22 years$6,594$5,210$4,076$3,162$2,435$1,325
23 years$6,241$4,872$3,763$2,879$2,185$1,150
24 years$5,918$4,565$3,480$2,626$1,964$998
25 years$5,620$4,284$3,223$2,398$1,768$867
26 years$5,347$4,026$2,990$2,193$1,592$754
27 years$5,093$3,789$2,776$2,007$1,435$656
28 years$4,859$3,571$2,581$1,839$1,295$571
29 years$4,641$3,369$2,402$1,686$1,170$497
30 years$4,438$3,181$2,237$1,548$1,057$433
31 years$4,248$3,007$2,086$1,421$955$378
32 years$4,070$2,846$1,946$1,306$864$329
33 years$3,904$2,695$1,817$1,201$782$287
34 years$3,748$2,554$1,698$1,105$708$250
35 years$3,601$2,422$1,587$1,017$641$218
36 years$3,462$2,299$1,485$937$581$190
37 years$3,332$2,184$1,390$863$527$166
38 years$3,208$2,075$1,301$796$478$145
39 years$3,091$1,973$1,219$734$433$127
40 years$2,980$1,878$1,143$677$393$110
41 years$2,875$1,787$1,072$624$356$96
42 years$2,775$1,702$1,005$576$323$84
43 years$2,681$1,622$943$532$293$73
44 years$2,590$1,546$885$491$266$64
45 years$2,504$1,474$831$454$242$56
46 years$2,422$1,406$781$419$220$49
47 years$2,344$1,342$734$387$199$43
48 years$2,269$1,281$689$358$181$37
49 years$2,197$1,223$648$331$164$33
50 years$2,128$1,169$609$306$149$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,180,000, adding $5,842 every year, while hoping to spend $56,453 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: 38/47/15 Blend
52$2,180,000$2,180,000$2,180,000$2,180,000
53$2,408,386$2,292,846$2,259,056$2,488,785
54$2,593,976$2,345,130$2,274,669$2,599,117
55$2,796,604$2,398,084$2,288,913$2,712,411
56$3,017,948$2,451,680$2,301,682$2,833,636
57$3,259,856$2,505,890$2,312,866$2,963,533
58$3,524,363$2,560,680$2,322,348$3,102,920
59$3,813,707$2,616,012$2,330,006$3,252,696
60$4,130,354$2,671,847$2,335,710$3,413,855
61$4,477,021$2,728,138$2,339,327$3,587,492
62$4,856,697$2,784,836$2,340,714$3,774,811
63$5,272,675$2,841,888$2,339,723$3,977,142
64$5,728,581$2,899,234$2,336,198$4,195,952
65$6,228,410$2,956,810$2,329,974$4,432,854
66$6,776,560$3,014,546$2,320,880$4,689,631
67$7,377,877$3,072,366$2,308,737$4,968,246
68$8,037,696$3,130,187$2,293,355$5,270,864
69$8,761,895$3,187,921$2,274,537$5,599,873
70$9,556,950$3,245,471$2,252,076$5,957,903
71$10,429,993$3,302,733$2,225,754$6,347,858
72$11,388,881$3,359,596$2,195,345$6,772,936
73$12,442,269$3,415,938$2,160,611$7,236,667
74$13,599,691$3,471,630$2,121,303$7,742,942
75$14,871,652$3,526,532$2,077,159$8,296,049
76$16,269,725$3,580,496$2,027,908$8,900,718
77$17,806,657$3,633,361$1,973,263$9,562,167
78$19,496,496$3,684,955$1,912,927$10,286,145
79$21,354,714$3,735,094$1,846,586$11,078,995
80$23,398,363$3,783,582$1,773,915$11,947,708
81$25,646,227$3,830,208$1,694,571$12,899,994
82$28,119,001$3,874,747$1,608,199$13,944,354
83$30,839,489$3,916,959$1,514,423$15,090,162
84$33,832,816$3,956,589$1,412,856$16,347,751
85$37,126,665$3,993,364$1,303,088$17,728,518
86$40,751,538$4,026,992$1,184,694$19,245,026
87$44,741,043$4,057,163$1,057,230$20,911,128
88$49,132,213$4,083,547$920,231$22,742,096
89$53,965,851$4,105,793$773,211$24,754,769
90$59,286,917$4,123,527$615,663$26,967,712
91$65,144,954$4,136,351$447,059$29,401,395
92$71,594,550$4,143,843$266,846$32,078,382
93$78,695,856$4,145,553$74,448$35,023,553
94$86,515,154$4,141,005$0$38,264,334
95$95,125,477$4,129,693$0$41,851,911
96$104,607,306$4,111,078$0$45,812,748
97$115,049,321$4,084,590$0$50,171,773
98$126,549,241$4,049,624$0$54,969,607
99$139,214,747$4,005,540$0$60,251,026
100$153,164,496$3,951,656$0$66,065,383