Can I retire at age 53 with 2,190,000?

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 $2,190,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$180,848$179,237$177,666$176,132$174,634$169,315
2 years$89,529$87,861$86,245$84,679$83,159$77,846
3 years$59,093$57,418$55,807$54,254$52,759$47,619
4 years$43,878$42,209$40,613$39,087$37,628$32,700
5 years$34,751$33,092$31,517$30,023$28,605$23,901
6 years$28,669$27,022$25,471$24,009$22,634$18,160
7 years$24,326$22,693$21,166$19,739$18,407$14,162
8 years$21,071$19,452$17,951$16,559$15,271$11,252
9 years$18,540$16,937$15,461$14,105$12,860$9,064
10 years$16,516$14,929$13,479$12,158$10,957$7,378
11 years$14,862$13,290$11,867$10,581$9,424$6,054
12 years$13,484$11,929$10,531$9,281$8,166$5,000
13 years$12,319$10,780$9,409$8,194$7,121$4,151
14 years$11,321$9,799$8,454$7,274$6,242$3,461
15 years$10,458$8,951$7,633$6,487$5,496$2,895
16 years$9,703$8,213$6,920$5,808$4,858$2,429
17 years$9,037$7,564$6,297$5,219$4,307$2,042
18 years$8,446$6,989$5,749$4,703$3,830$1,720
19 years$7,918$6,477$5,263$4,250$3,414$1,451
20 years$7,443$6,019$4,830$3,849$3,049$1,226
21 years$7,014$5,607$4,442$3,493$2,729$1,037
22 years$6,625$5,234$4,094$3,176$2,446$878
23 years$6,270$4,895$3,780$2,892$2,195$744
24 years$5,945$4,586$3,496$2,638$1,973$631
25 years$5,646$4,304$3,238$2,409$1,776$535
26 years$5,371$4,045$3,003$2,203$1,599$454
27 years$5,117$3,807$2,789$2,016$1,442$386
28 years$4,881$3,587$2,593$1,847$1,301$328
29 years$4,662$3,384$2,413$1,694$1,175$278
30 years$4,458$3,196$2,247$1,555$1,062$237
31 years$4,267$3,021$2,095$1,428$960$201
32 years$4,089$2,859$1,955$1,312$868$171
33 years$3,922$2,707$1,825$1,207$786$145
34 years$3,765$2,566$1,705$1,110$711$124
35 years$3,617$2,434$1,594$1,022$644$105
36 years$3,478$2,310$1,491$941$584$89
37 years$3,347$2,194$1,396$867$529$76
38 years$3,223$2,085$1,307$799$480$65
39 years$3,105$1,983$1,225$737$435$55
40 years$2,994$1,886$1,148$680$395$47
41 years$2,888$1,795$1,076$627$358$40
42 years$2,788$1,710$1,010$579$325$34
43 years$2,693$1,629$948$534$295$29
44 years$2,602$1,553$889$493$268$25
45 years$2,516$1,481$835$456$243$21
46 years$2,433$1,413$784$421$221$18
47 years$2,354$1,348$737$389$200$15
48 years$2,279$1,287$692$359$182$13
49 years$2,207$1,229$651$332$165$11
50 years$2,138$1,174$612$307$150$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,190,000, adding $2,660 every year, while hoping to spend $28,107 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: 49/32/19 Blend
52$2,190,000$2,190,000$2,190,000$2,190,000
53$2,416,124$2,300,054$2,266,109$2,521,527
54$2,632,663$2,382,851$2,312,118$2,677,634
55$2,870,347$2,468,763$2,358,726$2,844,037
56$3,131,303$2,557,913$2,405,924$3,024,212
57$3,417,874$2,650,429$2,453,701$3,219,464
58$3,732,642$2,746,444$2,502,044$3,431,231
59$4,078,449$2,846,098$2,550,941$3,661,090
60$4,458,429$2,949,535$2,600,375$3,910,779
61$4,876,032$3,056,905$2,650,331$4,182,210
62$5,335,060$3,168,367$2,700,790$4,477,484
63$5,839,701$3,284,082$2,751,732$4,798,914
64$6,394,571$3,404,222$2,803,135$5,149,045
65$7,004,753$3,528,965$2,854,976$5,530,676
66$7,675,848$3,658,495$2,907,228$5,946,891
67$8,414,029$3,793,005$2,959,864$6,401,080
68$9,226,094$3,932,696$3,012,853$6,896,978
69$10,119,535$4,077,778$3,066,164$7,438,692
70$11,102,607$4,228,469$3,119,760$8,030,748
71$12,184,406$4,384,996$3,173,605$8,678,125
72$13,374,952$4,547,597$3,227,657$9,386,307
73$14,685,287$4,716,520$3,281,873$10,161,330
74$16,127,578$4,892,021$3,336,208$11,009,843
75$17,715,231$5,074,370$3,390,611$11,939,164
76$19,463,018$5,263,848$3,445,030$12,957,354
77$21,387,216$5,460,746$3,499,408$14,073,289
78$23,505,759$5,665,370$3,553,686$15,296,745
79$25,838,411$5,878,038$3,607,799$16,638,487
80$28,406,947$6,099,080$3,661,679$18,110,373
81$31,235,365$6,328,844$3,715,254$19,725,461
82$34,350,105$6,567,690$3,768,447$21,498,136
83$37,780,303$6,815,994$3,821,178$23,444,241
84$41,558,066$7,074,150$3,873,359$25,581,229
85$45,718,772$7,342,567$3,924,900$27,928,322
86$50,301,406$7,621,672$3,975,704$30,506,696
87$55,348,928$7,911,912$4,025,668$33,339,679
88$60,908,675$8,213,752$4,074,685$36,452,967
89$67,032,812$8,527,679$4,122,639$39,874,869
90$73,778,823$8,854,198$4,169,411$43,636,571
91$81,210,049$9,193,840$4,214,872$47,772,429
92$89,396,292$9,547,157$4,258,889$52,320,296
93$98,414,471$9,914,725$4,301,319$57,321,869
94$108,349,347$10,297,146$4,342,013$62,823,093
95$119,294,323$10,695,048$4,380,813$68,874,582
96$131,352,326$11,109,089$4,417,553$75,532,105
97$144,636,781$11,539,951$4,452,058$82,857,102
98$159,272,675$11,988,351$4,484,144$90,917,269
99$175,397,743$12,455,036$4,513,618$99,787,193
100$193,163,764$12,940,784$4,540,276$109,549,054