Can I retire at age 53 with 1,610,000?

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 $1,610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$132,952$131,768$130,613$129,485$128,384$125,331
2 years$65,818$64,592$63,404$62,252$61,135$58,077
3 years$43,443$42,212$41,027$39,886$38,787$35,819
4 years$32,257$31,030$29,857$28,735$27,663$24,809
5 years$25,548$24,328$23,170$22,072$21,029$18,297
6 years$21,076$19,866$18,725$17,651$16,639$14,031
7 years$17,884$16,683$15,561$14,512$13,532$11,049
8 years$15,490$14,300$13,197$12,173$11,226$8,866
9 years$13,630$12,451$11,366$10,369$9,454$7,216
10 years$12,142$10,975$9,909$8,938$8,055$5,936
11 years$10,926$9,770$8,724$7,779$6,928$4,925
12 years$9,913$8,769$7,742$6,823$6,004$4,113
13 years$9,056$7,925$6,917$6,024$5,235$3,454
14 years$8,323$7,204$6,215$5,347$4,589$2,913
15 years$7,688$6,581$5,611$4,769$4,041$2,466
16 years$7,133$6,038$5,088$4,270$3,571$2,094
17 years$6,644$5,560$4,630$3,837$3,166$1,783
18 years$6,209$5,138$4,226$3,458$2,815$1,521
19 years$5,821$4,762$3,869$3,124$2,509$1,300
20 years$5,472$4,425$3,551$2,830$2,242$1,112
21 years$5,157$4,122$3,266$2,568$2,006$953
22 years$4,870$3,847$3,010$2,335$1,798$818
23 years$4,609$3,598$2,779$2,126$1,614$702
24 years$4,370$3,372$2,570$1,939$1,451$604
25 years$4,151$3,164$2,381$1,771$1,305$519
26 years$3,949$2,974$2,208$1,619$1,176$447
27 years$3,762$2,799$2,050$1,482$1,060$385
28 years$3,588$2,637$1,906$1,358$957$331
29 years$3,427$2,488$1,774$1,245$864$285
30 years$3,277$2,349$1,652$1,143$780$246
31 years$3,137$2,221$1,540$1,050$706$212
32 years$3,006$2,102$1,437$965$638$183
33 years$2,883$1,990$1,342$887$578$158
34 years$2,768$1,886$1,254$816$523$136
35 years$2,659$1,789$1,172$751$474$117
36 years$2,557$1,698$1,096$692$429$101
37 years$2,461$1,613$1,026$638$389$87
38 years$2,369$1,533$961$588$353$75
39 years$2,283$1,457$900$542$320$65
40 years$2,201$1,387$844$500$290$56
41 years$2,123$1,320$791$461$263$48
42 years$2,050$1,257$742$426$239$42
43 years$1,980$1,198$697$393$217$36
44 years$1,913$1,142$654$363$197$31
45 years$1,849$1,089$614$335$179$27
46 years$1,789$1,039$577$309$162$23
47 years$1,731$991$542$286$147$20
48 years$1,675$946$509$264$134$17
49 years$1,623$904$479$244$121$15
50 years$1,572$863$450$226$110$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,610,000, adding $6,946 every year, while hoping to spend $29,337 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: 54/32/14 Blend
52$1,610,000$1,610,000$1,610,000$1,610,000
53$1,781,385$1,696,055$1,671,100$1,870,649
54$1,931,872$1,747,947$1,695,867$1,984,099
55$2,096,725$1,801,399$1,720,481$2,103,778
56$2,277,379$1,856,456$1,744,906$2,233,374
57$2,475,414$1,913,164$1,769,102$2,373,836
58$2,692,569$1,971,572$1,793,030$2,526,211
59$2,930,761$2,031,729$1,816,646$2,691,648
60$3,192,100$2,093,685$1,839,905$2,871,416
61$3,478,911$2,157,493$1,862,759$3,066,907
62$3,793,756$2,223,206$1,885,157$3,279,656
63$4,139,454$2,290,878$1,907,045$3,511,352
64$4,519,114$2,360,567$1,928,367$3,763,857
65$4,936,159$2,432,329$1,949,062$4,039,216
66$5,394,359$2,506,225$1,969,068$4,339,686
67$5,897,869$2,582,316$1,988,317$4,667,750
68$6,451,265$2,660,663$2,006,739$5,026,141
69$7,059,590$2,741,331$2,024,261$5,417,871
70$7,728,398$2,824,386$2,040,803$5,846,257
71$8,463,810$2,909,897$2,056,286$6,314,952
72$9,272,568$2,997,931$2,070,620$6,827,979
73$10,162,101$3,088,560$2,083,717$7,389,769
74$11,140,594$3,181,858$2,095,480$8,005,205
75$12,217,064$3,277,899$2,105,809$8,679,663
76$13,401,449$3,376,761$2,114,598$9,419,066
77$14,704,696$3,478,521$2,121,736$10,229,941
78$16,138,867$3,583,261$2,127,106$11,119,475
79$17,717,254$3,691,063$2,130,587$12,095,588
80$19,454,502$3,802,013$2,132,049$13,167,006
81$21,366,747$3,916,197$2,131,358$14,343,340
82$23,471,768$4,033,704$2,128,372$15,635,180
83$25,789,159$4,154,626$2,122,943$17,054,196
84$28,340,507$4,279,057$2,114,916$18,613,242
85$31,149,599$4,407,091$2,104,126$20,326,482
86$34,242,647$4,538,827$2,090,403$22,209,522
87$37,648,534$4,674,366$2,073,568$24,279,559
88$41,399,084$4,813,810$2,053,432$26,555,538
89$45,529,368$4,957,264$2,029,800$29,058,336
90$50,078,030$5,104,837$2,002,464$31,810,955
91$55,087,653$5,256,637$1,971,210$34,838,742
92$60,605,159$5,412,778$1,935,811$38,169,625
93$66,682,255$5,573,374$1,896,031$41,834,378
94$73,375,920$5,738,544$1,851,623$45,866,911
95$80,748,939$5,908,408$1,802,328$50,304,591
96$88,870,499$6,083,088$1,747,874$55,188,592
97$97,816,841$6,262,711$1,687,979$60,564,283
98$107,671,979$6,447,403$1,622,346$66,481,661
99$118,528,492$6,637,297$1,550,666$72,995,818
100$130,488,399$6,832,526$1,472,614$80,167,460