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

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 $2,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$165,158$163,687$162,252$160,851$159,483$158,279
2 years$81,761$80,239$78,763$77,332$75,944$74,730
3 years$53,966$52,437$50,965$49,547$48,182$46,996
4 years$40,071$38,547$37,089$35,696$34,364$33,215
5 years$31,737$30,221$28,783$27,418$26,123$25,014
6 years$26,182$24,678$23,261$21,926$20,670$19,603
7 years$22,216$20,724$19,330$18,027$16,810$15,785
8 years$19,243$17,765$16,393$15,122$13,946$12,963
9 years$16,931$15,467$14,120$12,881$11,744$10,803
10 years$15,083$13,634$12,310$11,103$10,007$9,107
11 years$13,572$12,137$10,837$9,663$8,606$7,747
12 years$12,314$10,894$9,618$8,476$7,458$6,639
13 years$11,250$9,845$8,593$7,483$6,503$5,723
14 years$10,339$8,949$7,721$6,643$5,701$4,959
15 years$9,550$8,175$6,971$5,924$5,020$4,315
16 years$8,861$7,500$6,320$5,304$4,436$3,767
17 years$8,253$6,907$5,751$4,766$3,934$3,299
18 years$7,713$6,383$5,250$4,295$3,497$2,897
19 years$7,231$5,915$4,806$3,881$3,117$2,550
20 years$6,797$5,497$4,411$3,515$2,785$2,248
21 years$6,406$5,120$4,057$3,190$2,492$1,986
22 years$6,050$4,779$3,739$2,900$2,234$1,756
23 years$5,726$4,470$3,452$2,642$2,005$1,556
24 years$5,429$4,188$3,193$2,409$1,802$1,379
25 years$5,156$3,930$2,957$2,200$1,622$1,224
26 years$4,905$3,694$2,743$2,012$1,461$1,087
27 years$4,673$3,476$2,547$1,841$1,317$967
28 years$4,458$3,276$2,368$1,687$1,188$860
29 years$4,258$3,090$2,203$1,547$1,073$765
30 years$4,071$2,919$2,052$1,420$970$682
31 years$3,897$2,759$1,913$1,304$877$607
32 years$3,734$2,611$1,785$1,198$793$541
33 years$3,582$2,472$1,667$1,102$718$483
34 years$3,438$2,343$1,557$1,014$650$431
35 years$3,304$2,222$1,456$933$588$384
36 years$3,176$2,109$1,362$860$533$343
37 years$3,057$2,003$1,275$792$483$306
38 years$2,943$1,904$1,194$730$438$273
39 years$2,836$1,811$1,119$673$397$244
40 years$2,734$1,723$1,048$621$360$218
41 years$2,638$1,640$983$573$327$195
42 years$2,546$1,562$922$529$297$174
43 years$2,459$1,488$865$488$269$156
44 years$2,376$1,418$812$451$244$139
45 years$2,297$1,352$763$416$222$124
46 years$2,222$1,290$716$384$201$111
47 years$2,150$1,231$673$355$183$99
48 years$2,081$1,175$632$328$166$89
49 years$2,016$1,122$594$303$151$79
50 years$1,953$1,072$559$280$137$71

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,000,000, adding $2,230 every year, while hoping to spend $40,942 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: 65/19/16 Blend
52$2,000,000$2,000,000$2,000,000$2,000,000
53$2,206,300$2,100,300$2,069,300$2,340,977
54$2,387,781$2,159,653$2,095,060$2,490,774
55$2,586,400$2,220,542$2,120,310$2,649,468
56$2,803,864$2,282,999$2,144,991$2,821,881
57$3,042,048$2,347,056$2,169,039$3,009,354
58$3,303,021$2,412,746$2,192,386$3,213,365
59$3,589,061$2,480,102$2,214,962$3,435,538
60$3,902,673$2,549,155$2,236,691$3,677,665
61$4,246,622$2,619,940$2,257,496$3,941,717
62$4,623,948$2,692,487$2,277,293$4,229,867
63$5,038,003$2,766,832$2,295,995$4,544,507
64$5,492,477$2,843,004$2,313,509$4,888,272
65$5,991,437$2,921,039$2,329,738$5,264,065
66$6,539,360$3,000,966$2,344,581$5,675,084
67$7,141,181$3,082,820$2,357,931$6,124,851
68$7,802,334$3,166,630$2,369,674$6,617,247
69$8,528,806$3,252,429$2,379,692$7,156,548
70$9,327,193$3,340,248$2,387,861$7,747,464
71$10,204,762$3,430,115$2,394,049$8,395,183
72$11,169,519$3,522,061$2,398,120$9,105,425
73$12,230,282$3,616,114$2,399,930$9,884,489
74$13,396,769$3,712,302$2,399,326$10,739,316
75$14,679,687$3,810,652$2,396,151$11,677,553
76$16,090,830$3,911,190$2,390,237$12,707,629
77$17,643,195$4,013,938$2,381,410$13,838,827
78$19,351,101$4,118,921$2,369,488$15,081,379
79$21,230,325$4,226,160$2,354,277$16,446,560
80$23,298,250$4,335,674$2,335,577$17,946,791
81$25,574,030$4,447,480$2,313,178$19,595,761
82$28,078,769$4,561,595$2,286,857$21,408,554
83$30,835,722$4,678,032$2,256,385$23,401,792
84$33,870,511$4,796,800$2,221,519$25,593,791
85$37,211,369$4,917,910$2,182,006$28,004,734
86$40,889,405$5,041,364$2,137,580$30,656,862
87$44,938,900$5,167,166$2,087,964$33,574,683
88$49,397,624$5,295,313$2,032,868$36,785,207
89$54,307,199$5,425,801$1,971,986$40,318,195
90$59,713,488$5,558,620$1,905,002$44,206,444
91$65,667,028$5,693,756$1,831,584$48,486,097
92$72,223,505$5,831,191$1,751,382$53,196,982
93$79,444,284$5,970,901$1,664,035$58,382,989
94$87,396,983$6,112,857$1,569,163$64,092,485
95$96,156,113$6,257,025$1,466,367$70,378,770
96$105,803,780$6,403,363$1,355,234$77,300,579
97$116,430,461$6,551,823$1,235,330$84,922,642
98$128,135,857$6,702,351$1,106,202$93,316,288
99$141,029,832$6,854,883$967,377$102,560,122
100$155,233,452$7,009,350$818,361$112,740,769