Can I retire at age 53 with 2,160,000?

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 $2,160,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$178,371$176,782$175,232$173,719$172,241$166,595
2 years$88,302$86,658$85,064$83,519$82,020$76,384
3 years$58,283$56,632$55,042$53,511$52,037$46,590
4 years$43,277$41,630$40,057$38,552$37,113$31,896
5 years$34,275$32,639$31,085$29,611$28,213$23,240
6 years$28,276$26,652$25,122$23,681$22,324$17,600
7 years$23,993$22,382$20,876$19,469$18,155$13,679
8 years$20,782$19,186$17,705$16,332$15,061$10,829
9 years$18,286$16,705$15,249$13,911$12,684$8,691
10 years$16,290$14,724$13,294$11,992$10,807$7,048
11 years$14,658$13,108$11,704$10,436$9,295$5,761
12 years$13,299$11,765$10,387$9,154$8,055$4,740
13 years$12,150$10,632$9,280$8,082$7,024$3,919
14 years$11,166$9,664$8,338$7,174$6,157$3,253
15 years$10,314$8,829$7,528$6,398$5,421$2,710
16 years$9,570$8,100$6,826$5,729$4,791$2,263
17 years$8,913$7,460$6,211$5,147$4,248$1,895
18 years$8,330$6,893$5,670$4,639$3,777$1,589
19 years$7,809$6,389$5,191$4,191$3,367$1,335
20 years$7,341$5,937$4,764$3,796$3,007$1,123
21 years$6,918$5,530$4,382$3,445$2,691$945
22 years$6,534$5,162$4,038$3,133$2,412$796
23 years$6,184$4,828$3,729$2,853$2,165$672
24 years$5,863$4,523$3,448$2,602$1,946$567
25 years$5,569$4,245$3,194$2,376$1,751$479
26 years$5,297$3,990$2,962$2,173$1,578$404
27 years$5,047$3,755$2,751$1,989$1,422$342
28 years$4,814$3,538$2,557$1,822$1,283$289
29 years$4,598$3,338$2,380$1,671$1,159$244
30 years$4,397$3,152$2,216$1,533$1,047$206
31 years$4,209$2,980$2,066$1,408$947$175
32 years$4,033$2,819$1,928$1,294$856$148
33 years$3,868$2,670$1,800$1,190$775$125
34 years$3,713$2,531$1,682$1,095$702$106
35 years$3,568$2,400$1,573$1,008$636$90
36 years$3,431$2,278$1,471$928$576$76
37 years$3,301$2,164$1,377$855$522$64
38 years$3,179$2,056$1,289$788$473$54
39 years$3,063$1,955$1,208$727$429$46
40 years$2,953$1,860$1,132$671$389$39
41 years$2,849$1,771$1,062$619$353$33
42 years$2,750$1,687$996$571$320$28
43 years$2,656$1,607$935$527$291$24
44 years$2,566$1,532$877$487$264$20
45 years$2,481$1,461$824$449$240$17
46 years$2,400$1,393$774$415$218$14
47 years$2,322$1,330$727$384$198$12
48 years$2,248$1,269$683$354$179$10
49 years$2,177$1,212$642$328$163$9
50 years$2,109$1,158$604$303$148$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,160,000, adding $6,066 every year, while hoping to spend $29,259 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: 32/40/28 Blend
52$2,160,000$2,160,000$2,160,000$2,160,000
53$2,386,577$2,272,097$2,238,617$2,442,400
54$2,598,877$2,352,298$2,282,479$2,565,914
55$2,831,850$2,435,449$2,326,830$2,695,855
56$3,087,575$2,521,663$2,371,656$2,835,243
57$3,368,341$2,611,057$2,416,939$2,984,931
58$3,676,669$2,703,756$2,462,664$3,145,854
59$4,015,335$2,799,887$2,508,810$3,319,040
60$4,387,401$2,899,583$2,555,356$3,505,618
61$4,796,236$3,002,982$2,602,281$3,706,828
62$5,245,555$3,110,230$2,649,559$3,924,033
63$5,739,446$3,221,477$2,697,165$4,158,732
64$6,282,419$3,336,878$2,745,069$4,412,570
65$6,879,437$3,456,597$2,793,240$4,687,359
66$7,535,972$3,580,802$2,841,646$4,985,088
67$8,258,050$3,709,671$2,890,250$5,307,948
68$9,052,313$3,843,387$2,939,015$5,658,346
69$9,926,077$3,982,141$2,987,900$6,038,931
70$10,887,403$4,126,132$3,036,862$6,452,617
71$11,945,174$4,275,568$3,085,852$6,902,609
72$13,109,176$4,430,665$3,134,823$7,392,435
73$14,390,193$4,591,648$3,183,720$7,925,976
74$15,800,105$4,758,752$3,232,487$8,507,506
75$17,352,005$4,932,220$3,281,065$9,141,725
76$19,060,319$5,112,307$3,329,389$9,833,809
77$20,940,939$5,299,279$3,377,392$10,589,455
78$23,011,382$5,493,411$3,425,002$11,414,934
79$25,290,946$5,694,990$3,472,142$12,317,151
80$27,800,896$5,904,319$3,518,732$13,303,707
81$30,564,664$6,121,707$3,564,687$14,382,973
82$33,608,072$6,347,482$3,609,915$15,564,163
83$36,959,570$6,581,984$3,654,322$16,857,426
84$40,650,510$6,825,565$3,697,806$18,273,938
85$44,715,439$7,078,595$3,740,260$19,826,005
86$49,192,427$7,341,459$3,781,571$21,527,180
87$54,123,422$7,614,558$3,821,621$23,392,391
88$59,554,649$7,898,309$3,860,284$25,438,077
89$65,537,046$8,193,150$3,897,426$27,682,347
90$72,126,745$8,499,534$3,932,910$30,145,144
91$79,385,598$8,817,936$3,966,587$32,848,437
92$87,381,764$9,148,850$3,998,303$35,816,425
93$96,190,352$9,492,792$4,027,895$39,075,764
94$105,894,130$9,850,301$4,055,191$42,655,816
95$116,584,302$10,221,936$4,080,011$46,588,928
96$128,361,375$10,608,285$4,102,165$50,910,733
97$141,336,101$11,009,957$4,121,453$55,660,486
98$155,630,528$11,427,589$4,137,667$60,881,433
99$171,379,148$11,861,847$4,150,585$66,621,216
100$188,730,168$12,313,425$4,159,977$72,932,323