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

Use the below retirement simulation to view the chances of a successful retirement.
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%15.4%
1 years$132,952$131,768$130,613$129,485$128,384$125,535
2 years$65,818$64,592$63,404$62,252$61,135$58,280
3 years$43,443$42,212$41,027$39,886$38,787$36,014
4 years$32,257$31,030$29,857$28,735$27,663$24,994
5 years$25,548$24,328$23,170$22,072$21,029$18,472
6 years$21,076$19,866$18,725$17,651$16,639$14,197
7 years$17,884$16,683$15,561$14,512$13,532$11,204
8 years$15,490$14,300$13,197$12,173$11,226$9,012
9 years$13,630$12,451$11,366$10,369$9,454$7,352
10 years$12,142$10,975$9,909$8,938$8,055$6,063
11 years$10,926$9,770$8,724$7,779$6,928$5,043
12 years$9,913$8,769$7,742$6,823$6,004$4,223
13 years$9,056$7,925$6,917$6,024$5,235$3,556
14 years$8,323$7,204$6,215$5,347$4,589$3,007
15 years$7,688$6,581$5,611$4,769$4,041$2,553
16 years$7,133$6,038$5,088$4,270$3,571$2,174
17 years$6,644$5,560$4,630$3,837$3,166$1,856
18 years$6,209$5,138$4,226$3,458$2,815$1,588
19 years$5,821$4,762$3,869$3,124$2,509$1,361
20 years$5,472$4,425$3,551$2,830$2,242$1,169
21 years$5,157$4,122$3,266$2,568$2,006$1,005
22 years$4,870$3,847$3,010$2,335$1,798$864
23 years$4,609$3,598$2,779$2,126$1,614$745
24 years$4,370$3,372$2,570$1,939$1,451$642
25 years$4,151$3,164$2,381$1,771$1,305$554
26 years$3,949$2,974$2,208$1,619$1,176$478
27 years$3,762$2,799$2,050$1,482$1,060$413
28 years$3,588$2,637$1,906$1,358$957$357
29 years$3,427$2,488$1,774$1,245$864$308
30 years$3,277$2,349$1,652$1,143$780$267
31 years$3,137$2,221$1,540$1,050$706$231
32 years$3,006$2,102$1,437$965$638$200
33 years$2,883$1,990$1,342$887$578$173
34 years$2,768$1,886$1,254$816$523$149
35 years$2,659$1,789$1,172$751$474$129
36 years$2,557$1,698$1,096$692$429$112
37 years$2,461$1,613$1,026$638$389$97
38 years$2,369$1,533$961$588$353$84
39 years$2,283$1,457$900$542$320$73
40 years$2,201$1,387$844$500$290$63
41 years$2,123$1,320$791$461$263$55
42 years$2,050$1,257$742$426$239$47
43 years$1,980$1,198$697$393$217$41
44 years$1,913$1,142$654$363$197$35
45 years$1,849$1,089$614$335$179$31
46 years$1,789$1,039$577$309$162$27
47 years$1,731$991$542$286$147$23
48 years$1,675$946$509$264$134$20
49 years$1,623$904$479$244$121$17
50 years$1,572$863$450$226$110$15

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 $5,138 every year, while hoping to spend $55,398 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: 46/48/6 Blend
52$1,610,000$1,610,000$1,610,000$1,610,000
53$1,779,520$1,694,190$1,669,235$1,858,258
54$1,902,088$1,718,262$1,666,211$1,936,978
55$2,035,301$1,741,657$1,661,229$2,016,112
56$2,180,187$1,764,283$1,654,166$2,100,651
57$2,337,875$1,786,043$1,644,890$2,191,111
58$2,509,610$1,806,831$1,633,265$2,288,060
59$2,696,761$1,826,535$1,619,150$2,392,129
60$2,900,832$1,845,037$1,602,393$2,504,011
61$3,123,482$1,862,209$1,582,838$2,624,473
62$3,366,536$1,877,916$1,560,322$2,754,361
63$3,632,001$1,892,013$1,534,671$2,894,610
64$3,922,089$1,904,346$1,505,707$3,046,254
65$4,239,235$1,914,751$1,473,241$3,210,431
66$4,586,118$1,923,055$1,437,075$3,388,400
67$4,965,689$1,929,071$1,397,004$3,581,552
68$5,381,197$1,932,604$1,352,812$3,791,422
69$5,836,221$1,933,444$1,304,273$4,019,703
70$6,334,701$1,931,368$1,251,152$4,268,267
71$6,880,977$1,926,141$1,193,202$4,539,181
72$7,479,827$1,917,512$1,130,164$4,834,724
73$8,136,514$1,905,215$1,061,770$5,157,414
74$8,856,837$1,888,969$987,737$5,510,032
75$9,647,180$1,868,475$907,772$5,895,645
76$10,514,578$1,843,415$821,568$6,317,640
77$11,466,776$1,813,453$728,801$6,779,756
78$12,512,309$1,778,235$629,138$7,286,119
79$13,660,578$1,737,382$522,228$7,841,283
80$14,921,939$1,690,496$407,705$8,450,274
81$16,307,801$1,637,154$285,187$9,118,640
82$17,830,731$1,576,908$154,275$9,852,502
83$19,504,575$1,509,286$14,552$10,658,614
84$21,344,586$1,433,786$0$11,544,431
85$23,367,572$1,349,879$0$12,526,790
86$25,592,045$1,257,005$0$13,607,707
87$28,038,406$1,154,570$0$14,796,291
88$30,729,129$1,041,950$0$16,103,619
89$33,688,976$918,481$0$17,541,911
90$36,945,230$783,465$0$19,124,646
91$40,527,951$636,162$0$20,866,688
92$44,470,260$475,792$0$22,784,435
93$48,808,652$301,531$0$24,895,971
94$53,583,335$112,507$0$27,221,242
95$58,838,617$0$0$29,782,243
96$64,623,315$0$0$32,651,931
97$70,991,223$0$0$35,876,583
98$78,001,611$0$0$39,426,815
99$85,719,791$0$0$43,335,731
100$94,217,729$0$0$47,639,810