Can I retire at age 53 with 2,050,000?

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 $2,050,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$169,287$167,779$166,308$164,872$163,470$161,027
2 years$83,805$82,245$80,732$79,265$77,843$75,387
3 years$55,315$53,748$52,239$50,786$49,387$46,995
4 years$41,073$39,510$38,017$36,589$35,223$32,913
5 years$32,530$30,977$29,502$28,104$26,776$24,555
6 years$26,836$25,295$23,842$22,475$21,187$19,057
7 years$22,771$21,242$19,813$18,478$17,231$15,193
8 years$19,724$18,209$16,803$15,500$14,294$12,348
9 years$17,355$15,854$14,472$13,203$12,038$10,183
10 years$15,460$13,974$12,617$11,381$10,257$8,491
11 years$13,912$12,441$11,108$9,905$8,821$7,143
12 years$12,622$11,166$9,858$8,688$7,644$6,051
13 years$11,532$10,091$8,808$7,670$6,666$5,156
14 years$10,598$9,172$7,914$6,809$5,843$4,415
15 years$9,789$8,379$7,145$6,072$5,145$3,795
16 years$9,082$7,688$6,478$5,437$4,547$3,272
17 years$8,459$7,080$5,895$4,885$4,032$2,830
18 years$7,906$6,542$5,381$4,402$3,585$2,453
19 years$7,412$6,063$4,926$3,978$3,195$2,131
20 years$6,967$5,634$4,521$3,603$2,854$1,854
21 years$6,566$5,248$4,158$3,270$2,554$1,616
22 years$6,201$4,899$3,833$2,973$2,289$1,410
23 years$5,869$4,582$3,539$2,708$2,055$1,232
24 years$5,565$4,293$3,273$2,469$1,847$1,077
25 years$5,285$4,029$3,031$2,255$1,662$942
26 years$5,028$3,786$2,811$2,062$1,497$825
27 years$4,790$3,563$2,611$1,887$1,350$723
28 years$4,569$3,358$2,427$1,729$1,218$634
29 years$4,364$3,168$2,258$1,586$1,100$556
30 years$4,173$2,992$2,104$1,455$994$488
31 years$3,995$2,828$1,961$1,337$898$429
32 years$3,828$2,676$1,830$1,228$813$376
33 years$3,671$2,534$1,708$1,130$736$331
34 years$3,524$2,402$1,596$1,039$666$291
35 years$3,386$2,278$1,492$957$603$255
36 years$3,256$2,162$1,396$881$546$225
37 years$3,133$2,054$1,307$812$495$197
38 years$3,017$1,952$1,224$748$449$174
39 years$2,907$1,856$1,146$690$407$153
40 years$2,803$1,766$1,075$636$369$134
41 years$2,704$1,681$1,008$587$335$118
42 years$2,610$1,601$945$542$304$104
43 years$2,521$1,525$887$500$276$91
44 years$2,436$1,454$833$462$250$80
45 years$2,355$1,386$782$427$227$71
46 years$2,277$1,322$734$394$206$62
47 years$2,204$1,262$690$364$187$55
48 years$2,133$1,205$648$336$170$48
49 years$2,066$1,150$609$311$155$42
50 years$2,002$1,099$573$287$140$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,050,000, adding $4,707 every year, while hoping to spend $21,310 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: 70/11/19 Blend
52$2,050,000$2,050,000$2,050,000$2,050,000
53$2,263,955$2,155,305$2,123,530$2,411,699
54$2,472,205$2,238,242$2,171,995$2,593,719
55$2,700,982$2,324,527$2,221,369$2,789,909
56$2,952,358$2,414,305$2,271,660$3,004,116
57$3,228,614$2,507,721$2,322,876$3,238,119
58$3,532,264$2,604,931$2,375,024$3,493,877
59$3,866,078$2,706,096$2,428,110$3,773,546
60$4,233,107$2,811,383$2,482,141$4,079,501
61$4,636,712$2,920,970$2,537,122$4,414,355
62$5,080,598$3,035,039$2,593,056$4,780,988
63$5,568,845$3,153,782$2,649,950$5,182,572
64$6,105,949$3,277,399$2,707,805$5,622,597
65$6,696,864$3,406,099$2,766,624$6,104,911
66$7,347,047$3,540,101$2,826,409$6,633,748
67$8,062,513$3,679,633$2,887,161$7,213,775
68$8,849,888$3,824,933$2,948,879$7,850,130
69$9,716,472$3,976,251$3,011,562$8,548,474
70$10,670,310$4,133,845$3,075,208$9,315,042
71$11,720,267$4,297,989$3,139,813$10,156,702
72$12,876,109$4,468,966$3,205,371$11,081,022
73$14,148,599$4,647,072$3,271,878$12,096,336
74$15,549,596$4,832,618$3,339,326$13,211,826
75$17,092,166$5,025,927$3,407,704$14,437,609
76$18,790,708$5,227,339$3,477,004$15,784,827
77$20,661,089$5,437,207$3,547,212$17,265,759
78$22,720,791$5,655,901$3,618,314$18,893,932
79$24,989,079$5,883,808$3,690,295$20,684,247
80$27,487,182$6,121,331$3,763,137$22,653,124
81$30,238,491$6,368,893$3,836,819$24,818,651
82$33,268,784$6,626,936$3,911,319$27,200,761
83$36,606,465$6,895,920$3,986,613$29,821,413
84$40,282,833$7,176,330$4,062,674$32,704,802
85$44,332,381$7,468,668$4,139,472$35,877,586
86$48,793,113$7,773,463$4,216,974$39,369,140
87$53,706,914$8,091,266$4,295,146$43,211,828
88$59,119,935$8,422,654$4,373,949$47,441,311
89$65,083,034$8,768,229$4,453,342$52,096,882
90$71,652,255$9,128,623$4,533,280$57,221,837
91$78,889,354$9,504,495$4,613,714$62,863,883
92$86,862,388$9,896,535$4,694,593$69,075,588
93$95,646,350$10,305,464$4,775,861$75,914,874
94$105,323,882$10,732,036$4,857,456$83,445,566
95$115,986,053$11,177,041$4,939,316$91,737,993
96$127,733,218$11,641,304$5,021,371$100,869,652
97$140,675,967$12,125,688$5,103,547$110,925,937
98$154,936,166$12,631,097$5,185,766$122,000,943
99$170,648,109$13,158,475$5,267,944$134,198,360
100$187,959,787$13,708,811$5,349,991$147,632,442