Can I retire at age 53 with 1,980,000?

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 $1,980,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$163,507$162,050$160,629$159,242$157,888$152,407
2 years$80,944$79,436$77,975$76,559$75,185$69,720
3 years$53,427$51,913$50,455$49,052$47,700$42,423
4 years$39,671$38,161$36,718$35,339$34,020$28,970
5 years$31,419$29,919$28,495$27,144$25,862$21,053
6 years$25,920$24,431$23,028$21,707$20,463$15,899
7 years$21,994$20,517$19,137$17,847$16,642$12,322
8 years$19,050$17,587$16,229$14,971$13,806$9,726
9 years$16,762$15,313$13,978$12,752$11,627$7,782
10 years$14,932$13,497$12,187$10,992$9,907$6,291
11 years$13,437$12,016$10,729$9,567$8,520$5,126
12 years$12,191$10,785$9,522$8,391$7,383$4,203
13 years$11,138$9,746$8,507$7,408$6,438$3,463
14 years$10,236$8,859$7,644$6,576$5,644$2,865
15 years$9,455$8,093$6,901$5,865$4,969$2,378
16 years$8,772$7,425$6,257$5,251$4,392$1,979
17 years$8,170$6,838$5,693$4,718$3,894$1,651
18 years$7,636$6,319$5,197$4,252$3,463$1,379
19 years$7,159$5,856$4,758$3,842$3,086$1,154
20 years$6,729$5,442$4,367$3,480$2,757$967
21 years$6,342$5,069$4,016$3,158$2,467$811
22 years$5,989$4,732$3,702$2,871$2,211$681
23 years$5,668$4,425$3,418$2,615$1,985$572
24 years$5,375$4,146$3,161$2,385$1,784$481
25 years$5,105$3,891$2,928$2,178$1,605$404
26 years$4,856$3,657$2,715$1,992$1,446$340
27 years$4,626$3,442$2,521$1,823$1,304$286
28 years$4,413$3,243$2,344$1,670$1,176$241
29 years$4,215$3,059$2,181$1,532$1,062$203
30 years$4,030$2,889$2,032$1,406$960$171
31 years$3,858$2,731$1,894$1,291$868$144
32 years$3,697$2,584$1,767$1,186$785$121
33 years$3,546$2,448$1,650$1,091$710$102
34 years$3,404$2,320$1,542$1,004$643$86
35 years$3,270$2,200$1,441$924$583$73
36 years$3,145$2,088$1,348$851$528$61
37 years$3,026$1,983$1,262$784$478$52
38 years$2,914$1,885$1,182$723$434$43
39 years$2,808$1,792$1,107$666$393$37
40 years$2,707$1,705$1,038$615$357$31
41 years$2,612$1,623$973$567$324$26
42 years$2,521$1,546$913$523$294$22
43 years$2,435$1,473$857$483$267$18
44 years$2,353$1,404$804$446$242$16
45 years$2,274$1,339$755$412$220$13
46 years$2,200$1,277$709$381$199$11
47 years$2,129$1,219$666$352$181$9
48 years$2,060$1,164$626$325$164$8
49 years$1,995$1,111$588$300$149$7
50 years$1,933$1,061$553$278$136$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,980,000, adding $4,156 every year, while hoping to spend $38,954 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: 28/47/25 Blend
52$1,980,000$1,980,000$1,980,000$1,980,000
53$2,186,247$2,081,307$2,050,617$2,230,306
54$2,367,797$2,141,844$2,077,866$2,325,955
55$2,566,560$2,204,042$2,104,722$2,424,968
56$2,784,250$2,267,941$2,131,131$2,530,547
57$3,022,756$2,333,582$2,157,036$2,643,279
58$3,284,156$2,401,007$2,182,376$2,763,812
59$3,570,741$2,470,257$2,207,086$2,892,857
60$3,885,033$2,541,376$2,231,100$3,031,194
61$4,229,810$2,614,407$2,254,346$3,179,686
62$4,608,132$2,689,395$2,276,748$3,339,278
63$5,023,370$2,766,384$2,298,227$3,511,011
64$5,479,236$2,845,419$2,318,700$3,696,033
65$5,979,821$2,926,547$2,338,079$3,895,606
66$6,529,628$3,009,813$2,356,271$4,111,118
67$7,133,622$3,095,266$2,373,177$4,344,099
68$7,797,269$3,182,952$2,388,696$4,596,232
69$8,526,593$3,272,919$2,402,720$4,869,373
70$9,328,229$3,365,215$2,415,135$5,165,563
71$10,209,487$3,459,889$2,425,820$5,487,051
72$11,178,422$3,556,991$2,434,652$5,836,314
73$12,243,906$3,656,569$2,441,499$6,216,080
74$13,415,716$3,758,672$2,446,221$6,629,355
75$14,704,623$3,863,351$2,448,673$7,079,450
76$16,122,495$3,970,656$2,448,704$7,570,010
77$17,682,406$4,080,635$2,446,152$8,105,055
78$19,398,765$4,193,339$2,440,851$8,689,011
79$21,287,443$4,308,817$2,432,624$9,326,755
80$23,365,932$4,427,118$2,421,286$10,023,660
81$25,653,502$4,548,292$2,406,645$10,785,648
82$28,171,388$4,672,388$2,388,497$11,619,242
83$30,942,988$4,799,453$2,366,629$12,531,630
84$33,994,081$4,929,534$2,340,820$13,530,733
85$37,353,076$5,062,680$2,310,835$14,625,280
86$41,051,273$5,198,934$2,276,432$15,824,889
87$45,123,164$5,338,344$2,237,353$17,140,159
88$49,606,755$5,480,950$2,193,333$18,582,770
89$54,543,924$5,626,797$2,144,090$20,165,591
90$59,980,819$5,775,925$2,089,332$21,902,808
91$65,968,290$5,928,373$2,028,752$23,810,050
92$72,562,370$6,084,178$1,962,029$25,904,543
93$79,824,803$6,243,374$1,888,829$28,205,269
94$87,823,629$6,405,995$1,808,800$30,733,149
95$96,633,821$6,572,070$1,721,577$33,511,236
96$106,337,995$6,741,627$1,626,775$36,564,937
97$117,027,193$6,914,689$1,523,994$39,922,253
98$128,801,735$7,091,276$1,412,815$43,614,040
99$141,772,169$7,271,406$1,292,802$47,674,304
100$156,060,317$7,455,092$1,163,497$52,140,525