Can I retire at age 53 with 2,100,000?

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 $2,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$173,416$171,871$170,364$168,893$167,457$162,683
2 years$85,850$84,251$82,701$81,199$79,741$74,969
3 years$56,665$55,059$53,513$52,025$50,591$45,970
4 years$42,075$40,474$38,944$37,481$36,082$31,647
5 years$33,323$31,732$30,222$28,789$27,429$23,193
6 years$27,491$25,912$24,424$23,023$21,704$17,670
7 years$23,327$21,761$20,296$18,928$17,651$13,820
8 years$20,205$18,653$17,213$15,878$14,643$11,012
9 years$17,778$16,241$14,825$13,525$12,332$8,897
10 years$15,837$14,315$12,925$11,659$10,507$7,265
11 years$14,251$12,744$11,379$10,146$9,037$5,981
12 years$12,930$11,438$10,099$8,900$7,831$4,956
13 years$11,813$10,337$9,023$7,857$6,829$4,129
14 years$10,856$9,396$8,107$6,975$5,986$3,454
15 years$10,028$8,583$7,319$6,220$5,271$2,899
16 years$9,304$7,875$6,636$5,570$4,658$2,441
17 years$8,666$7,253$6,039$5,004$4,130$2,060
18 years$8,099$6,702$5,512$4,510$3,672$1,742
19 years$7,592$6,211$5,046$4,075$3,273$1,475
20 years$7,137$5,772$4,631$3,691$2,924$1,251
21 years$6,726$5,376$4,260$3,350$2,616$1,062
22 years$6,352$5,018$3,926$3,045$2,345$903
23 years$6,012$4,694$3,625$2,774$2,105$768
24 years$5,700$4,398$3,353$2,530$1,892$654
25 years$5,414$4,127$3,105$2,310$1,703$557
26 years$5,150$3,879$2,880$2,112$1,534$475
27 years$4,906$3,650$2,674$1,934$1,383$405
28 years$4,680$3,440$2,486$1,772$1,248$345
29 years$4,470$3,245$2,313$1,625$1,127$294
30 years$4,275$3,064$2,155$1,491$1,018$251
31 years$4,092$2,897$2,009$1,369$920$214
32 years$3,921$2,741$1,874$1,258$833$183
33 years$3,761$2,596$1,750$1,157$753$156
34 years$3,610$2,460$1,635$1,065$682$134
35 years$3,469$2,334$1,529$980$618$114
36 years$3,335$2,215$1,430$903$560$97
37 years$3,209$2,104$1,339$832$507$83
38 years$3,090$1,999$1,254$767$460$71
39 years$2,978$1,901$1,174$707$417$61
40 years$2,871$1,809$1,101$652$378$52
41 years$2,770$1,722$1,032$602$343$44
42 years$2,674$1,640$968$555$311$38
43 years$2,582$1,562$909$512$283$32
44 years$2,495$1,489$853$473$257$28
45 years$2,412$1,420$801$437$233$24
46 years$2,333$1,355$752$404$211$20
47 years$2,258$1,293$707$373$192$17
48 years$2,185$1,234$664$345$174$15
49 years$2,116$1,179$624$318$158$13
50 years$2,050$1,126$587$294$144$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,100,000, adding $3,128 every year, while hoping to spend $32,739 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: 88/5/7 Blend
52$2,100,000$2,100,000$2,100,000$2,100,000
53$2,317,427$2,206,127$2,173,577$2,520,001
54$2,518,970$2,279,393$2,211,557$2,725,639
55$2,739,974$2,355,152$2,249,713$2,946,798
56$2,982,388$2,433,491$2,288,015$3,188,868
57$3,248,361$2,514,501$2,326,433$3,453,937
58$3,540,259$2,598,277$2,364,934$3,744,301
59$3,860,688$2,684,915$2,403,482$4,062,491
60$4,212,520$2,774,518$2,442,040$4,411,293
61$4,598,916$2,867,189$2,480,569$4,793,778
62$5,023,362$2,963,038$2,519,024$5,213,327
63$5,489,696$3,062,177$2,557,362$5,673,665
64$6,002,144$3,164,723$2,595,533$6,178,895
65$6,565,367$3,270,798$2,633,487$6,733,536
66$7,184,494$3,380,528$2,671,169$7,342,568
67$7,865,181$3,494,041$2,708,521$8,011,477
68$8,613,655$3,611,475$2,745,482$8,746,306
69$9,436,780$3,732,970$2,781,988$9,553,713
70$10,342,116$3,858,670$2,817,969$10,441,034
71$11,337,994$3,988,727$2,853,354$11,416,348
72$12,433,593$4,123,298$2,888,065$12,488,561
73$13,639,025$4,262,546$2,922,021$13,667,483
74$14,965,434$4,406,638$2,955,136$14,963,921
75$16,425,096$4,555,751$2,987,321$16,389,785
76$18,031,538$4,710,066$3,018,479$17,958,196
77$19,799,667$4,869,771$3,048,510$19,683,611
78$21,745,906$5,035,063$3,077,308$21,581,960
79$23,888,351$5,206,144$3,104,760$23,670,796
80$26,246,944$5,383,225$3,130,750$25,969,457
81$28,843,655$5,566,526$3,155,153$28,499,256
82$31,702,695$5,756,273$3,177,838$31,283,672
83$34,850,743$5,952,704$3,198,669$34,348,580
84$38,317,194$6,156,062$3,217,500$37,722,489
85$42,134,441$6,366,602$3,234,179$41,436,815
86$46,338,178$6,584,589$3,248,548$45,526,175
87$50,967,735$6,810,297$3,260,438$50,028,713
88$56,066,454$7,044,011$3,269,672$54,986,462
89$61,682,092$7,286,028$3,276,066$60,445,737
90$67,867,277$7,536,654$3,279,425$66,457,577
91$74,679,999$7,796,210$3,279,546$73,078,222
92$82,184,162$8,065,028$3,276,214$80,369,644
93$90,450,183$8,343,451$3,269,204$88,400,135
94$99,555,661$8,631,840$3,258,282$97,244,947
95$109,586,104$8,930,566$3,243,200$106,987,005
96$120,635,739$9,240,015$3,223,699$117,717,689
97$132,808,400$9,560,591$3,199,508$129,537,694
98$146,218,508$9,892,712$3,170,344$142,557,984
99$160,992,153$10,236,812$3,135,907$156,900,836
100$177,268,279$10,593,342$3,095,886$172,700,996