Can I retire at age 53 with 2,070,000?

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 $2,070,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$170,939$169,416$167,930$166,481$165,065$163,682
2 years$84,623$83,047$81,520$80,039$78,602$77,208
3 years$55,855$54,272$52,749$51,282$49,868$48,507
4 years$41,474$39,896$38,387$36,945$35,567$34,248
5 years$32,847$31,279$29,790$28,378$27,037$25,765
6 years$27,098$25,541$24,075$22,694$21,394$20,170
7 years$22,993$21,450$20,006$18,658$17,399$16,224
8 years$19,916$18,386$16,967$15,652$14,434$13,308
9 years$17,524$16,009$14,614$13,332$12,155$11,078
10 years$15,611$14,111$12,741$11,492$10,357$9,327
11 years$14,047$12,562$11,217$10,002$8,907$7,925
12 years$12,745$11,275$9,954$8,773$7,719$6,782
13 years$11,644$10,189$8,894$7,745$6,731$5,840
14 years$10,701$9,262$7,991$6,875$5,900$5,053
15 years$9,885$8,461$7,215$6,131$5,195$4,391
16 years$9,171$7,763$6,541$5,490$4,592$3,829
17 years$8,542$7,149$5,952$4,933$4,071$3,348
18 years$7,983$6,606$5,434$4,445$3,620$2,936
19 years$7,484$6,122$4,974$4,017$3,226$2,580
20 years$7,035$5,689$4,565$3,638$2,882$2,272
21 years$6,630$5,299$4,199$3,302$2,579$2,003
22 years$6,262$4,947$3,870$3,002$2,312$1,769
23 years$5,926$4,627$3,573$2,734$2,075$1,565
24 years$5,619$4,335$3,305$2,494$1,865$1,385
25 years$5,337$4,068$3,061$2,277$1,678$1,228
26 years$5,077$3,823$2,839$2,082$1,512$1,089
27 years$4,836$3,598$2,636$1,906$1,363$966
28 years$4,614$3,391$2,451$1,746$1,230$858
29 years$4,407$3,199$2,280$1,601$1,111$763
30 years$4,214$3,021$2,124$1,470$1,003$678
31 years$4,034$2,856$1,980$1,350$907$603
32 years$3,865$2,702$1,848$1,240$821$537
33 years$3,707$2,559$1,725$1,141$743$478
34 years$3,559$2,425$1,612$1,050$672$426
35 years$3,419$2,300$1,507$966$609$379
36 years$3,288$2,183$1,410$890$552$338
37 years$3,164$2,074$1,320$820$500$301
38 years$3,046$1,971$1,236$756$453$268
39 years$2,935$1,874$1,158$697$411$239
40 years$2,830$1,783$1,085$643$373$213
41 years$2,730$1,697$1,017$593$338$190
42 years$2,635$1,616$954$547$307$170
43 years$2,545$1,540$896$505$279$151
44 years$2,459$1,468$841$466$253$135
45 years$2,378$1,400$789$431$230$121
46 years$2,300$1,335$741$398$208$108
47 years$2,225$1,274$697$368$189$96
48 years$2,154$1,217$655$340$172$86
49 years$2,086$1,162$615$314$156$76
50 years$2,021$1,110$578$290$142$68

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,070,000, adding $5,816 every year, while hoping to spend $30,398 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: 39/37/24 Blend
52$2,070,000$2,070,000$2,070,000$2,070,000
53$2,287,139$2,177,429$2,145,344$2,359,828
54$2,488,084$2,251,780$2,184,870$2,487,380
55$2,708,507$2,328,755$2,224,701$2,621,937
56$2,950,361$2,408,451$2,264,816$2,766,833
57$3,215,801$2,490,968$2,305,190$2,923,027
58$3,507,198$2,576,411$2,345,799$3,091,573
59$3,827,164$2,664,886$2,386,615$3,273,627
60$4,178,576$2,756,508$2,427,608$3,470,465
61$4,564,606$2,851,391$2,468,747$3,683,485
62$4,988,744$2,949,658$2,509,999$3,914,227
63$5,454,839$3,051,434$2,551,327$4,164,385
64$5,967,129$3,156,851$2,592,693$4,435,821
65$6,530,283$3,266,043$2,634,055$4,730,586
66$7,149,446$3,379,154$2,675,370$5,050,933
67$7,830,285$3,496,328$2,716,590$5,399,345
68$8,579,045$3,617,719$2,757,667$5,778,552
69$9,402,606$3,743,485$2,798,547$6,191,559
70$10,308,548$3,873,792$2,839,175$6,641,675
71$11,305,222$4,008,810$2,879,490$7,132,540
72$12,401,831$4,148,719$2,919,429$7,668,164
73$13,608,514$4,293,702$2,958,926$8,252,959
74$14,936,442$4,443,952$2,997,909$8,891,783
75$16,397,923$4,599,671$3,036,304$9,589,986
76$18,006,522$4,761,066$3,074,031$10,353,458
77$19,777,183$4,928,353$3,111,006$11,188,686
78$21,726,372$5,101,758$3,147,141$12,102,812
79$23,872,233$5,281,516$3,182,341$13,103,703
80$26,234,760$5,467,869$3,216,509$14,200,020
81$28,835,983$5,661,072$3,249,539$15,401,304
82$31,700,176$5,861,388$3,281,322$16,718,065
83$34,854,090$6,069,092$3,311,742$18,161,875
84$38,327,198$6,284,469$3,340,677$19,745,484
85$42,151,980$6,507,815$3,367,997$21,482,933
86$46,364,226$6,739,442$3,393,569$23,389,692
87$51,003,371$6,979,669$3,417,248$25,482,798
88$56,112,875$7,228,832$3,438,885$27,781,022
89$61,740,623$7,487,280$3,458,323$30,305,041
90$67,939,385$7,755,375$3,475,395$33,077,634
91$74,767,309$8,033,495$3,489,928$36,123,896
92$82,288,472$8,322,034$3,501,737$39,471,473
93$90,573,482$8,621,400$3,510,632$43,150,822
94$99,700,149$8,932,020$3,516,410$47,195,500
95$109,754,213$9,254,338$3,518,858$51,642,477
96$120,830,158$9,588,816$3,517,755$56,532,483
97$133,032,101$9,935,935$3,512,867$61,910,397
98$146,474,777$10,296,197$3,503,950$67,825,661
99$161,284,617$10,670,124$3,490,745$74,332,755
100$177,600,948$11,058,260$3,472,985$81,491,701