Can I retire at age 53 with 2,140,000?

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 $2,140,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$176,719$175,145$173,609$172,110$170,647$167,751
2 years$87,485$85,855$84,276$82,745$81,260$78,352
3 years$57,744$56,107$54,532$53,016$51,555$48,724
4 years$42,876$41,245$39,686$38,195$36,769$34,038
5 years$33,958$32,337$30,798$29,337$27,951$25,328
6 years$28,015$26,405$24,889$23,461$22,117$19,604
7 years$23,771$22,175$20,683$19,289$17,987$15,585
8 years$20,590$19,008$17,541$16,181$14,922$12,631
9 years$18,116$16,550$15,108$13,783$12,567$10,384
10 years$16,139$14,588$13,171$11,881$10,707$8,633
11 years$14,522$12,987$11,596$10,340$9,209$7,240
12 years$13,176$11,656$10,291$9,069$7,980$6,114
13 years$12,038$10,534$9,194$8,007$6,959$5,192
14 years$11,063$9,575$8,261$7,108$6,100$4,430
15 years$10,219$8,747$7,459$6,339$5,371$3,795
16 years$9,481$8,025$6,762$5,676$4,747$3,261
17 years$8,831$7,391$6,154$5,100$4,209$2,811
18 years$8,253$6,829$5,617$4,596$3,742$2,428
19 years$7,737$6,330$5,142$4,153$3,336$2,101
20 years$7,273$5,882$4,719$3,761$2,979$1,821
21 years$6,854$5,479$4,341$3,413$2,666$1,581
22 years$6,473$5,114$4,001$3,104$2,390$1,374
23 years$6,127$4,783$3,694$2,826$2,145$1,196
24 years$5,809$4,481$3,416$2,578$1,928$1,042
25 years$5,517$4,206$3,164$2,354$1,735$908
26 years$5,248$3,953$2,935$2,153$1,563$792
27 years$5,000$3,720$2,725$1,970$1,409$691
28 years$4,770$3,505$2,533$1,805$1,271$604
29 years$4,556$3,307$2,358$1,655$1,148$527
30 years$4,356$3,123$2,196$1,519$1,037$461
31 years$4,170$2,952$2,047$1,395$938$403
32 years$3,996$2,793$1,910$1,282$848$353
33 years$3,832$2,645$1,783$1,179$768$308
34 years$3,679$2,507$1,666$1,085$695$270
35 years$3,535$2,378$1,558$999$630$236
36 years$3,399$2,257$1,457$920$570$207
37 years$3,271$2,144$1,364$848$517$181
38 years$3,149$2,037$1,277$781$469$158
39 years$3,034$1,937$1,197$720$425$139
40 years$2,926$1,843$1,122$664$386$122
41 years$2,823$1,754$1,052$613$350$106
42 years$2,725$1,671$987$566$317$93
43 years$2,631$1,592$926$522$288$82
44 years$2,543$1,518$869$482$261$72
45 years$2,458$1,447$816$445$237$63
46 years$2,377$1,381$766$411$216$55
47 years$2,301$1,317$720$380$196$48
48 years$2,227$1,258$677$351$178$42
49 years$2,157$1,201$636$325$161$37
50 years$2,089$1,147$598$300$147$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,140,000, adding $6,709 every year, while hoping to spend $51,403 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: 52/35/13 Blend
52$2,140,000$2,140,000$2,140,000$2,140,000
53$2,365,200$2,251,780$2,218,610$2,479,661
54$2,551,758$2,307,425$2,238,241$2,614,227
55$2,755,623$2,364,074$2,256,807$2,754,470
56$2,978,504$2,421,721$2,274,218$2,905,827
57$3,222,286$2,480,360$2,290,379$3,069,361
58$3,489,043$2,539,982$2,305,191$3,246,245
59$3,781,059$2,600,574$2,318,548$3,437,768
60$4,100,848$2,662,124$2,330,341$3,645,353
61$4,451,181$2,724,615$2,340,454$3,870,565
62$4,835,108$2,788,027$2,348,765$4,115,128
63$5,255,987$2,852,338$2,355,147$4,380,942
64$5,717,518$2,917,523$2,359,465$4,670,101
65$6,223,776$2,983,553$2,361,578$4,984,909
66$6,779,250$3,050,395$2,361,339$5,327,907
67$7,388,881$3,118,013$2,358,592$5,701,893
68$8,058,117$3,186,366$2,353,175$6,109,953
69$8,792,956$3,255,408$2,344,917$6,555,482
70$9,600,005$3,325,091$2,333,639$7,042,227
71$10,486,543$3,395,358$2,319,154$7,574,312
72$11,460,589$3,466,149$2,301,264$8,156,284
73$12,530,977$3,537,398$2,279,764$8,793,154
74$13,707,439$3,609,033$2,254,439$9,490,443
75$15,000,696$3,680,974$2,225,061$10,254,236
76$16,422,561$3,753,136$2,191,395$11,091,240
77$17,986,049$3,825,426$2,153,192$12,008,843
78$19,705,495$3,897,742$2,110,194$13,015,190
79$21,596,699$3,969,974$2,062,129$14,119,259
80$23,677,065$4,042,006$2,008,713$15,330,940
81$25,965,770$4,113,708$1,949,649$16,661,137
82$28,483,942$4,184,943$1,884,626$18,121,865
83$31,254,862$4,255,563$1,813,319$19,726,367
84$34,304,181$4,325,409$1,735,388$21,489,238
85$37,660,163$4,394,309$1,650,479$23,426,564
86$41,353,948$4,462,079$1,558,219$25,556,073
87$45,419,852$4,528,522$1,458,220$27,897,304
88$49,895,684$4,593,426$1,350,077$30,471,792
89$54,823,105$4,656,566$1,233,366$33,303,271
90$60,248,022$4,717,698$1,107,644$36,417,899
91$66,221,019$4,776,564$972,449$39,844,506
92$72,797,834$4,832,887$827,298$43,614,866
93$80,039,886$4,886,371$671,685$47,763,998
94$88,014,853$4,936,701$505,084$52,330,498
95$96,797,309$4,983,541$326,946$57,356,904
96$106,469,431$5,026,531$136,695$62,890,098
97$117,121,772$5,065,290$0$68,981,750
98$128,854,114$5,099,411$0$75,698,006
99$141,776,412$5,128,460$0$83,113,262
100$156,009,828$5,151,977$0$91,277,797