Can I retire at age 53 with 2,190,000?

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 $2,190,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$180,848$179,237$177,666$176,132$174,634$173,825
2 years$89,529$87,861$86,245$84,679$83,159$82,342
3 years$59,093$57,418$55,807$54,254$52,759$51,961
4 years$43,878$42,209$40,613$39,087$37,628$36,853
5 years$34,751$33,092$31,517$30,023$28,605$27,856
6 years$28,669$27,022$25,471$24,009$22,634$21,912
7 years$24,326$22,693$21,166$19,739$18,407$17,713
8 years$21,071$19,452$17,951$16,559$15,271$14,604
9 years$18,540$16,937$15,461$14,105$12,860$12,221
10 years$16,516$14,929$13,479$12,158$10,957$10,345
11 years$14,862$13,290$11,867$10,581$9,424$8,838
12 years$13,484$11,929$10,531$9,281$8,166$7,607
13 years$12,319$10,780$9,409$8,194$7,121$6,587
14 years$11,321$9,799$8,454$7,274$6,242$5,734
15 years$10,458$8,951$7,633$6,487$5,496$5,012
16 years$9,703$8,213$6,920$5,808$4,858$4,397
17 years$9,037$7,564$6,297$5,219$4,307$3,870
18 years$8,446$6,989$5,749$4,703$3,830$3,415
19 years$7,918$6,477$5,263$4,250$3,414$3,020
20 years$7,443$6,019$4,830$3,849$3,049$2,677
21 years$7,014$5,607$4,442$3,493$2,729$2,376
22 years$6,625$5,234$4,094$3,176$2,446$2,113
23 years$6,270$4,895$3,780$2,892$2,195$1,881
24 years$5,945$4,586$3,496$2,638$1,973$1,677
25 years$5,646$4,304$3,238$2,409$1,776$1,496
26 years$5,371$4,045$3,003$2,203$1,599$1,336
27 years$5,117$3,807$2,789$2,016$1,442$1,195
28 years$4,881$3,587$2,593$1,847$1,301$1,069
29 years$4,662$3,384$2,413$1,694$1,175$957
30 years$4,458$3,196$2,247$1,555$1,062$857
31 years$4,267$3,021$2,095$1,428$960$768
32 years$4,089$2,859$1,955$1,312$868$688
33 years$3,922$2,707$1,825$1,207$786$617
34 years$3,765$2,566$1,705$1,110$711$554
35 years$3,617$2,434$1,594$1,022$644$497
36 years$3,478$2,310$1,491$941$584$446
37 years$3,347$2,194$1,396$867$529$401
38 years$3,223$2,085$1,307$799$480$360
39 years$3,105$1,983$1,225$737$435$323
40 years$2,994$1,886$1,148$680$395$291
41 years$2,888$1,795$1,076$627$358$261
42 years$2,788$1,710$1,010$579$325$235
43 years$2,693$1,629$948$534$295$211
44 years$2,602$1,553$889$493$268$190
45 years$2,516$1,481$835$456$243$171
46 years$2,433$1,413$784$421$221$153
47 years$2,354$1,348$737$389$200$138
48 years$2,279$1,287$692$359$182$124
49 years$2,207$1,229$651$332$165$112
50 years$2,138$1,174$612$307$150$100

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,190,000, adding $3,415 every year, while hoping to spend $29,272 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: 63/8/29 Blend
52$2,190,000$2,190,000$2,190,000$2,190,000
53$2,416,903$2,300,833$2,266,888$2,550,190
54$2,632,281$2,382,428$2,311,683$2,722,693
55$2,868,648$2,467,041$2,356,998$2,907,552
56$3,128,112$2,554,788$2,402,819$3,108,863
57$3,412,997$2,645,790$2,449,132$3,328,246
58$3,725,864$2,740,175$2,495,919$3,567,485
59$4,069,533$2,838,074$2,543,163$3,828,542
60$4,447,110$2,939,625$2,590,844$4,113,581
61$4,862,018$3,044,969$2,638,940$4,424,983
62$5,318,028$3,154,257$2,687,429$4,765,371
63$5,819,294$3,267,643$2,736,284$5,137,636
64$6,370,392$3,385,287$2,785,480$5,544,960
65$6,976,364$3,507,358$2,834,986$5,990,848
66$7,642,765$3,634,031$2,884,770$6,479,163
67$8,375,716$3,765,487$2,934,798$7,014,158
68$9,181,960$3,901,917$2,985,034$7,600,521
69$10,068,925$4,043,516$3,035,439$8,243,414
70$11,044,800$4,190,493$3,085,970$8,948,525
71$12,118,601$4,343,059$3,136,582$9,722,121
72$13,300,269$4,501,439$3,187,228$10,571,105
73$14,600,752$4,665,865$3,237,856$11,503,085
74$16,032,116$4,836,580$3,288,411$12,526,440
75$17,607,654$5,013,835$3,338,836$13,650,404
76$19,342,016$5,197,894$3,389,068$14,885,150
77$21,251,342$5,389,031$3,439,042$16,241,888
78$23,353,417$5,587,531$3,488,687$17,732,968
79$25,667,838$5,793,693$3,537,931$19,371,999
80$28,216,200$6,007,827$3,586,694$21,173,976
81$31,022,298$6,230,255$3,634,894$23,155,421
82$34,112,351$6,461,316$3,682,441$25,334,539
83$37,515,251$6,701,361$3,729,244$27,731,390
84$41,262,836$6,950,757$3,775,202$30,368,080
85$45,390,186$7,209,885$3,820,213$33,268,965
86$49,935,961$7,479,145$3,864,166$36,460,883
87$54,942,757$7,758,952$3,906,944$39,973,411
88$60,457,517$8,049,739$3,948,425$43,839,136
89$66,531,966$8,351,959$3,988,480$48,093,970
90$73,223,104$8,666,082$4,026,971$52,777,483
91$80,593,742$8,992,601$4,063,756$57,933,282
92$88,713,094$9,332,029$4,098,682$63,609,417
93$97,657,432$9,684,901$4,131,590$69,858,837
94$107,510,804$10,051,775$4,162,312$76,739,891
95$118,365,827$10,433,234$4,190,671$84,316,876
96$130,324,564$10,829,885$4,216,481$92,660,644
97$143,499,483$11,242,363$4,239,547$101,849,272
98$158,014,521$11,671,329$4,259,663$111,968,800
99$174,006,253$12,117,475$4,276,612$123,114,040
100$191,625,180$12,581,520$4,290,168$135,389,470