Can I retire at age 53 with 1,990,000?

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 $1,990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$164,332$162,869$161,440$160,046$158,685$152,752
2 years$81,353$79,838$78,369$76,945$75,564$69,654
3 years$53,696$52,175$50,710$49,300$47,941$42,240
4 years$39,871$38,354$36,904$35,518$34,192$28,744
5 years$31,578$30,070$28,639$27,281$25,992$20,811
6 years$26,051$24,554$23,145$21,817$20,567$15,657
7 years$22,105$20,621$19,233$17,937$16,726$12,085
8 years$19,146$17,676$16,311$15,047$13,876$9,500
9 years$16,847$15,390$14,049$12,816$11,686$7,569
10 years$15,008$13,565$12,248$11,048$9,957$6,091
11 years$13,504$12,077$10,783$9,615$8,563$4,941
12 years$12,253$10,839$9,570$8,434$7,421$4,032
13 years$11,194$9,796$8,550$7,446$6,471$3,307
14 years$10,288$8,904$7,682$6,609$5,672$2,722
15 years$9,503$8,134$6,936$5,894$4,994$2,248
16 years$8,816$7,463$6,288$5,278$4,414$1,862
17 years$8,212$6,873$5,722$4,742$3,914$1,545
18 years$7,675$6,351$5,224$4,274$3,480$1,284
19 years$7,195$5,886$4,782$3,862$3,102$1,069
20 years$6,763$5,469$4,389$3,497$2,771$891
21 years$6,374$5,095$4,037$3,174$2,479$743
22 years$6,020$4,756$3,720$2,886$2,222$620
23 years$5,697$4,448$3,435$2,628$1,995$518
24 years$5,402$4,167$3,177$2,397$1,793$433
25 years$5,131$3,911$2,943$2,189$1,614$362
26 years$4,881$3,676$2,729$2,002$1,453$303
27 years$4,649$3,459$2,534$1,832$1,310$253
28 years$4,435$3,259$2,356$1,679$1,182$212
29 years$4,236$3,075$2,192$1,539$1,068$178
30 years$4,051$2,904$2,042$1,413$965$149
31 years$3,878$2,745$1,904$1,298$872$125
32 years$3,716$2,598$1,776$1,192$789$104
33 years$3,564$2,460$1,658$1,097$714$87
34 years$3,421$2,331$1,550$1,009$646$73
35 years$3,287$2,211$1,449$929$586$61
36 years$3,161$2,099$1,355$855$530$51
37 years$3,041$1,993$1,269$788$481$43
38 years$2,928$1,894$1,188$726$436$36
39 years$2,822$1,801$1,113$670$395$30
40 years$2,721$1,714$1,043$618$359$25
41 years$2,625$1,632$978$570$325$21
42 years$2,534$1,554$918$526$295$18
43 years$2,447$1,480$861$486$268$15
44 years$2,364$1,411$808$448$243$13
45 years$2,286$1,346$759$414$221$10
46 years$2,211$1,284$713$382$200$9
47 years$2,139$1,225$670$353$182$7
48 years$2,071$1,170$629$327$165$6
49 years$2,006$1,117$591$302$150$5
50 years$1,943$1,067$556$279$136$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,990,000, adding $4,303 every year, while hoping to spend $23,093 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: 53/42/5 Blend
52$1,990,000$1,990,000$1,990,000$1,990,000
53$2,197,419$2,091,949$2,061,104$2,311,264
54$2,396,984$2,169,883$2,105,580$2,466,671
55$2,616,132$2,250,863$2,150,772$2,632,739
56$2,856,834$2,335,012$2,196,680$2,812,831
57$3,121,265$2,422,461$2,243,302$3,008,274
58$3,411,818$2,513,345$2,290,636$3,220,528
59$3,731,131$2,607,807$2,338,680$3,451,193
60$4,082,110$2,705,994$2,387,430$3,702,033
61$4,467,957$2,808,059$2,436,881$3,974,985
62$4,892,199$2,914,164$2,487,026$4,272,180
63$5,358,721$3,024,476$2,537,860$4,595,961
64$5,871,806$3,139,170$2,589,373$4,948,905
65$6,436,169$3,258,429$2,641,556$5,333,848
66$7,057,010$3,382,443$2,694,399$5,753,907
67$7,740,052$3,511,410$2,747,889$6,212,516
68$8,491,607$3,645,539$2,802,013$6,713,448
69$9,318,626$3,785,045$2,856,755$7,260,860
70$10,228,768$3,930,154$2,912,099$7,859,324
71$11,230,473$4,081,103$2,968,025$8,513,872
72$12,333,041$4,238,137$3,024,514$9,230,043
73$13,546,719$4,401,513$3,081,542$10,013,934
74$14,882,796$4,571,499$3,139,086$10,872,256
75$16,353,714$4,748,375$3,197,118$11,812,397
76$17,973,181$4,932,433$3,255,609$12,842,491
77$19,756,302$5,123,979$3,314,529$13,971,494
78$21,719,722$5,323,332$3,373,843$15,209,265
79$23,881,782$5,530,823$3,433,515$16,566,662
80$26,262,691$5,746,801$3,493,506$18,055,640
81$28,884,720$5,971,628$3,553,772$19,689,363
82$31,772,407$6,205,684$3,614,269$21,482,328
83$34,952,794$6,449,364$3,674,949$23,450,502
84$38,455,678$6,703,082$3,735,758$25,611,467
85$42,313,894$6,967,269$3,796,643$27,984,588
86$46,563,623$7,242,377$3,857,542$30,591,193
87$51,244,736$7,528,878$3,918,394$33,454,775
88$56,401,170$7,827,263$3,979,130$36,601,207
89$62,081,338$8,138,048$4,039,680$40,058,989
90$68,338,591$8,461,769$4,099,966$43,859,516
91$75,231,720$8,798,988$4,159,908$48,037,367
92$82,825,510$9,150,293$4,219,419$52,630,636
93$91,191,352$9,516,297$4,278,409$57,681,283
94$100,407,915$9,897,641$4,336,781$63,235,536
95$110,561,891$10,294,995$4,394,433$69,344,317
96$121,748,813$10,709,058$4,451,255$76,063,725
97$134,073,953$11,140,563$4,507,133$83,455,564
98$147,653,321$11,590,275$4,561,946$91,587,920
99$162,614,754$12,058,993$4,615,567$100,535,805
100$179,099,129$12,547,554$4,667,858$110,381,859