Can I retire at age 53 with 1,970,000?

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 $1,970,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$162,681$161,232$159,818$158,438$157,091$154,361
2 years$80,535$79,035$77,582$76,172$74,805$72,064
3 years$53,157$51,650$50,200$48,804$47,459$44,792
4 years$39,470$37,968$36,533$35,161$33,848$31,276
5 years$31,260$29,768$28,351$27,007$25,731$23,260
6 years$25,789$24,308$22,912$21,598$20,360$17,993
7 years$21,883$20,413$19,040$17,757$16,558$14,297
8 years$18,954$17,498$16,147$14,896$13,737$11,580
9 years$16,677$15,235$13,908$12,688$11,568$9,515
10 years$14,857$13,429$12,125$10,937$9,857$7,905
11 years$13,369$11,955$10,675$9,518$8,477$6,625
12 years$12,129$10,730$9,474$8,349$7,346$5,591
13 years$11,082$9,697$8,464$7,371$6,406$4,745
14 years$10,184$8,814$7,605$6,543$5,615$4,046
15 years$9,407$8,052$6,866$5,835$4,944$3,464
16 years$8,728$7,388$6,225$5,225$4,370$2,975
17 years$8,129$6,804$5,665$4,694$3,875$2,562
18 years$7,598$6,287$5,171$4,231$3,445$2,211
19 years$7,122$5,827$4,734$3,823$3,071$1,912
20 years$6,695$5,414$4,345$3,462$2,743$1,656
21 years$6,310$5,043$3,996$3,142$2,454$1,437
22 years$5,959$4,708$3,683$2,857$2,200$1,248
23 years$5,640$4,403$3,401$2,602$1,975$1,085
24 years$5,347$4,125$3,145$2,373$1,775$944
25 years$5,079$3,871$2,913$2,167$1,597$823
26 years$4,831$3,639$2,702$1,982$1,439$717
27 years$4,603$3,424$2,509$1,814$1,297$625
28 years$4,391$3,227$2,332$1,662$1,170$546
29 years$4,194$3,044$2,170$1,524$1,057$476
30 years$4,010$2,875$2,022$1,399$955$416
31 years$3,839$2,718$1,885$1,285$863$363
32 years$3,678$2,571$1,758$1,180$781$318
33 years$3,528$2,435$1,642$1,086$707$278
34 years$3,387$2,308$1,534$999$640$243
35 years$3,254$2,189$1,434$919$580$212
36 years$3,129$2,078$1,342$847$525$186
37 years$3,011$1,973$1,256$780$476$162
38 years$2,899$1,875$1,176$719$432$142
39 years$2,793$1,783$1,102$663$391$124
40 years$2,693$1,697$1,033$612$355$109
41 years$2,598$1,615$968$564$322$95
42 years$2,508$1,538$908$521$292$83
43 years$2,422$1,466$852$481$265$73
44 years$2,341$1,397$800$444$241$64
45 years$2,263$1,332$751$410$219$56
46 years$2,189$1,271$706$379$198$49
47 years$2,118$1,213$663$350$180$43
48 years$2,050$1,158$623$323$164$37
49 years$1,985$1,106$586$299$149$33
50 years$1,923$1,056$550$276$135$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,970,000, adding $2,737 every year, while hoping to spend $24,921 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: 34/37/29 Blend
52$1,970,000$1,970,000$1,970,000$1,970,000
53$2,173,763$2,069,353$2,038,818$2,228,532
54$2,368,971$2,144,236$2,080,603$2,345,094
55$2,583,255$2,221,952$2,122,952$2,468,291
56$2,818,535$2,302,615$2,165,858$2,600,667
57$3,076,924$2,386,342$2,209,313$2,743,057
58$3,360,753$2,473,255$2,253,307$2,896,378
59$3,672,586$2,563,481$2,297,830$3,061,638
60$4,015,251$2,657,153$2,342,868$3,239,945
61$4,391,861$2,754,408$2,388,409$3,432,513
62$4,805,848$2,855,392$2,434,438$3,640,681
63$5,260,992$2,960,253$2,480,939$3,865,918
64$5,761,456$3,069,148$2,527,893$4,109,839
65$6,311,828$3,182,240$2,575,281$4,374,221
66$6,917,163$3,299,699$2,623,082$4,661,017
67$7,583,031$3,421,701$2,671,272$4,972,376
68$8,315,567$3,548,431$2,719,827$5,310,662
69$9,121,533$3,680,082$2,768,719$5,678,473
70$10,008,377$3,816,854$2,817,919$6,078,670
71$10,984,307$3,958,955$2,867,395$6,514,399
72$12,058,367$4,106,605$2,917,113$6,989,125
73$13,240,521$4,260,029$2,967,037$7,506,658
74$14,541,750$4,419,466$3,017,128$8,071,191
75$15,974,150$4,585,162$3,067,344$8,687,342
76$17,551,054$4,757,375$3,117,640$9,360,192
77$19,287,149$4,936,374$3,167,969$10,095,335
78$21,198,621$5,122,439$3,218,279$10,898,928
79$23,303,305$5,315,864$3,268,516$11,777,752
80$25,620,854$5,516,953$3,318,623$12,739,271
81$28,172,921$5,726,024$3,368,537$13,791,703
82$30,983,370$5,943,410$3,418,194$14,944,100
83$34,078,494$6,169,457$3,467,524$16,206,426
84$37,487,268$6,404,528$3,516,453$17,589,656
85$41,241,619$6,648,999$3,564,904$19,105,877
86$45,376,729$6,903,265$3,612,793$20,768,398
87$49,931,366$7,167,736$3,660,033$22,591,878
88$54,948,253$7,442,843$3,706,531$24,592,464
89$60,474,464$7,729,032$3,752,190$26,787,938
90$66,561,876$8,026,771$3,796,905$29,197,887
91$73,267,653$8,336,548$3,840,567$31,843,887
92$80,654,788$8,658,873$3,883,060$34,749,703
93$88,792,697$8,994,278$3,924,262$37,941,514
94$97,757,872$9,343,318$3,964,045$41,448,158
95$107,634,607$9,706,573$4,002,273$45,301,401
96$118,515,791$10,084,648$4,038,803$49,536,240
97$130,503,782$10,478,177$4,073,484$54,191,227
98$143,711,379$10,887,819$4,106,157$59,308,835
99$158,262,882$11,314,264$4,136,655$64,935,853
100$174,295,266$11,758,233$4,164,802$71,123,831