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%11.7%
1 years$180,848$179,237$177,666$176,132$174,634$173,388
2 years$89,529$87,861$86,245$84,679$83,159$81,903
3 years$59,093$57,418$55,807$54,254$52,759$51,532
4 years$43,878$42,209$40,613$39,087$37,628$36,439
5 years$34,751$33,092$31,517$30,023$28,605$27,456
6 years$28,669$27,022$25,471$24,009$22,634$21,528
7 years$24,326$22,693$21,166$19,739$18,407$17,345
8 years$21,071$19,452$17,951$16,559$15,271$14,252
9 years$18,540$16,937$15,461$14,105$12,860$11,885
10 years$16,516$14,929$13,479$12,158$10,957$10,025
11 years$14,862$13,290$11,867$10,581$9,424$8,533
12 years$13,484$11,929$10,531$9,281$8,166$7,317
13 years$12,319$10,780$9,409$8,194$7,121$6,312
14 years$11,321$9,799$8,454$7,274$6,242$5,472
15 years$10,458$8,951$7,633$6,487$5,496$4,765
16 years$9,703$8,213$6,920$5,808$4,858$4,163
17 years$9,037$7,564$6,297$5,219$4,307$3,649
18 years$8,446$6,989$5,749$4,703$3,830$3,206
19 years$7,918$6,477$5,263$4,250$3,414$2,823
20 years$7,443$6,019$4,830$3,849$3,049$2,491
21 years$7,014$5,607$4,442$3,493$2,729$2,202
22 years$6,625$5,234$4,094$3,176$2,446$1,949
23 years$6,270$4,895$3,780$2,892$2,195$1,728
24 years$5,945$4,586$3,496$2,638$1,973$1,533
25 years$5,646$4,304$3,238$2,409$1,776$1,362
26 years$5,371$4,045$3,003$2,203$1,599$1,211
27 years$5,117$3,807$2,789$2,016$1,442$1,077
28 years$4,881$3,587$2,593$1,847$1,301$959
29 years$4,662$3,384$2,413$1,694$1,175$854
30 years$4,458$3,196$2,247$1,555$1,062$761
31 years$4,267$3,021$2,095$1,428$960$679
32 years$4,089$2,859$1,955$1,312$868$606
33 years$3,922$2,707$1,825$1,207$786$541
34 years$3,765$2,566$1,705$1,110$711$483
35 years$3,617$2,434$1,594$1,022$644$431
36 years$3,478$2,310$1,491$941$584$385
37 years$3,347$2,194$1,396$867$529$344
38 years$3,223$2,085$1,307$799$480$307
39 years$3,105$1,983$1,225$737$435$275
40 years$2,994$1,886$1,148$680$395$246
41 years$2,888$1,795$1,076$627$358$220
42 years$2,788$1,710$1,010$579$325$196
43 years$2,693$1,629$948$534$295$176
44 years$2,602$1,553$889$493$268$157
45 years$2,516$1,481$835$456$243$141
46 years$2,433$1,413$784$421$221$126
47 years$2,354$1,348$737$389$200$112
48 years$2,279$1,287$692$359$182$101
49 years$2,207$1,229$651$332$165$90
50 years$2,138$1,174$612$307$150$81

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 $5,164 every year, while hoping to spend $55,069 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: 56/18/26 Blend
52$2,190,000$2,190,000$2,190,000$2,190,000
53$2,418,707$2,302,637$2,268,692$2,536,639
54$2,606,822$2,356,873$2,286,100$2,672,418
55$2,812,279$2,411,921$2,302,246$2,814,081
56$3,036,789$2,467,763$2,317,028$2,967,289
57$3,282,235$2,524,377$2,330,342$3,133,172
58$3,550,691$2,581,739$2,342,077$3,312,978
59$3,844,440$2,639,823$2,352,115$3,508,077
60$4,165,996$2,698,598$2,360,334$3,719,983
61$4,518,128$2,758,029$2,366,606$3,950,364
62$4,903,884$2,818,080$2,370,794$4,201,057
63$5,326,622$2,878,707$2,372,757$4,474,088
64$5,790,039$2,939,865$2,372,346$4,771,692
65$6,298,208$3,001,504$2,369,405$5,096,329
66$6,855,614$3,063,566$2,363,768$5,450,713
67$7,467,198$3,125,992$2,355,266$5,837,836
68$8,138,400$3,188,714$2,343,716$6,260,995
69$8,875,217$3,251,660$2,328,930$6,723,824
70$9,684,249$3,314,752$2,310,709$7,230,330
71$10,572,772$3,377,904$2,288,847$7,784,931
72$11,548,796$3,441,023$2,263,125$8,392,496
73$12,621,150$3,504,010$2,233,316$9,058,390
74$13,799,556$3,566,755$2,199,182$9,788,532
75$15,094,728$3,629,144$2,160,471$10,589,443
76$16,518,468$3,691,049$2,116,924$11,468,313
77$18,083,777$3,752,336$2,068,267$12,433,067
78$19,804,982$3,812,860$2,014,213$13,492,441
79$21,697,864$3,872,464$1,954,463$14,656,065
80$23,779,812$3,930,981$1,888,704$15,934,555
81$26,069,985$3,988,231$1,816,608$17,339,613
82$28,589,492$4,044,023$1,737,832$18,884,136
83$31,361,590$4,098,149$1,652,020$20,582,343
84$34,411,905$4,150,392$1,558,795$22,449,906
85$37,768,672$4,200,514$1,457,768$24,504,101
86$41,463,003$4,248,265$1,348,529$26,763,969
87$45,529,175$4,293,376$1,230,651$29,250,500
88$50,004,961$4,335,562$1,103,688$31,986,830
89$54,931,980$4,374,517$967,174$34,998,460
90$60,356,089$4,409,915$820,622$38,313,498
91$66,327,820$4,441,412$663,523$41,962,927
92$72,902,854$4,468,637$495,347$45,980,895
93$80,142,543$4,491,198$315,539$50,405,044
94$88,114,494$4,508,678$123,521$55,276,860
95$96,893,202$4,520,633$0$60,642,069
96$106,560,756$4,526,592$0$66,573,655
97$117,207,611$4,526,052$0$73,142,622
98$128,933,441$4,518,482$0$80,376,078
99$141,848,081$4,503,317$0$88,341,695
100$156,072,562$4,479,957$0$97,114,050