Can I retire at age 53 with 1,600,000?

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 $1,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$132,127$130,950$129,801$128,681$127,586$124,351
2 years$65,409$64,191$63,010$61,866$60,755$57,516
3 years$43,173$41,950$40,772$39,638$38,546$35,405
4 years$32,057$30,837$29,671$28,557$27,491$24,473
5 years$25,389$24,177$23,026$21,934$20,898$18,010
6 years$20,945$19,742$18,609$17,541$16,536$13,782
7 years$17,773$16,579$15,464$14,422$13,448$10,828
8 years$15,394$14,212$13,115$12,098$11,157$8,668
9 years$13,545$12,374$11,296$10,305$9,396$7,038
10 years$12,067$10,907$9,848$8,883$8,005$5,775
11 years$10,858$9,710$8,670$7,731$6,885$4,779
12 years$9,851$8,715$7,694$6,781$5,966$3,981
13 years$9,000$7,876$6,874$5,986$5,203$3,334
14 years$8,271$7,159$6,177$5,314$4,561$2,805
15 years$7,640$6,540$5,577$4,739$4,016$2,368
16 years$7,089$6,000$5,056$4,243$3,549$2,005
17 years$6,602$5,526$4,601$3,813$3,147$1,702
18 years$6,171$5,106$4,200$3,436$2,798$1,447
19 years$5,785$4,732$3,845$3,105$2,494$1,233
20 years$5,438$4,398$3,529$2,812$2,228$1,052
21 years$5,124$4,096$3,246$2,552$1,993$899
22 years$4,840$3,824$2,991$2,320$1,787$769
23 years$4,581$3,576$2,762$2,113$1,604$658
24 years$4,343$3,351$2,554$1,927$1,442$564
25 years$4,125$3,144$2,366$1,760$1,297$483
26 years$3,924$2,955$2,194$1,609$1,169$415
27 years$3,738$2,781$2,038$1,473$1,054$356
28 years$3,566$2,621$1,894$1,350$951$305
29 years$3,406$2,472$1,763$1,238$858$262
30 years$3,257$2,335$1,642$1,136$776$225
31 years$3,118$2,207$1,531$1,043$701$194
32 years$2,987$2,088$1,428$959$634$166
33 years$2,865$1,978$1,333$882$574$143
34 years$2,751$1,875$1,246$811$520$123
35 years$2,643$1,778$1,165$747$471$106
36 years$2,541$1,688$1,090$688$427$91
37 years$2,445$1,603$1,020$634$387$78
38 years$2,355$1,523$955$584$350$67
39 years$2,269$1,448$895$539$318$58
40 years$2,187$1,378$839$497$288$50
41 years$2,110$1,312$786$458$262$43
42 years$2,037$1,249$738$423$237$37
43 years$1,967$1,190$692$390$215$32
44 years$1,901$1,135$650$361$195$27
45 years$1,838$1,082$610$333$177$23
46 years$1,778$1,032$573$308$161$20
47 years$1,720$985$538$284$146$17
48 years$1,665$940$506$263$133$15
49 years$1,612$898$476$243$121$13
50 years$1,562$858$447$224$110$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,600,000, adding $3,769 every year, while hoping to spend $45,650 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: 24/48/28 Blend
52$1,600,000$1,600,000$1,600,000$1,600,000
53$1,767,088$1,682,288$1,657,488$1,793,846
54$1,898,759$1,716,149$1,664,442$1,850,742
55$2,042,332$1,750,139$1,670,100$1,907,554
56$2,198,970$1,784,216$1,674,369$1,967,466
57$2,369,958$1,818,335$1,677,153$2,030,768
58$2,556,707$1,852,447$1,678,351$2,097,778
59$2,760,772$1,886,498$1,677,857$2,168,852
60$2,983,866$1,920,432$1,675,560$2,244,379
61$3,227,872$1,954,185$1,671,343$2,324,795
62$3,494,866$1,987,691$1,665,084$2,410,578
63$3,787,132$2,020,878$1,656,654$2,502,260
64$4,107,187$2,053,668$1,645,920$2,600,428
65$4,457,801$2,085,979$1,632,739$2,705,734
66$4,842,026$2,117,721$1,616,965$2,818,895
67$5,263,222$2,148,798$1,598,443$2,940,708
68$5,725,090$2,179,109$1,577,010$3,072,054
69$6,231,707$2,208,543$1,552,497$3,213,907
70$6,787,562$2,236,983$1,524,727$3,367,343
71$7,397,602$2,264,303$1,493,514$3,533,555
72$8,067,274$2,290,370$1,458,663$3,713,858
73$8,802,578$2,315,041$1,419,970$3,909,710
74$9,610,125$2,338,162$1,377,223$4,122,720
75$10,497,197$2,359,571$1,330,200$4,354,668
76$11,471,816$2,379,094$1,278,666$4,607,522
77$12,542,818$2,396,548$1,222,379$4,883,454
78$13,719,941$2,411,734$1,161,084$5,184,868
79$15,013,910$2,424,443$1,094,515$5,514,417
80$16,436,541$2,434,454$1,022,393$5,875,035
81$18,000,854$2,441,527$944,429$6,269,961
82$19,721,192$2,445,413$860,318$6,702,776
83$21,613,358$2,445,843$769,744$7,177,431
84$23,694,764$2,442,533$672,374$7,698,294
85$25,984,595$2,435,182$567,863$8,270,186
86$28,503,986$2,423,468$455,849$8,898,432
87$31,276,228$2,407,053$335,955$9,588,911
88$34,326,981$2,385,577$207,787$10,348,115
89$37,684,518$2,358,655$70,934$11,183,210
90$41,379,994$2,325,885$0$12,102,109
91$45,447,737$2,286,836$0$13,135,985
92$49,925,568$2,241,053$0$14,296,111
93$54,855,167$2,188,056$0$15,572,053
94$60,282,456$2,127,333$0$16,975,697
95$66,258,039$2,058,344$0$18,520,155
96$72,837,674$1,980,518$0$20,219,884
97$80,082,804$1,893,251$0$22,090,829
98$88,061,131$1,795,901$0$24,150,572
99$96,847,258$1,687,792$0$26,418,503
100$106,523,393$1,568,209$0$28,916,002