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%19.1%
1 years$132,952$131,768$130,613$129,485$128,384$123,681
2 years$65,818$64,592$63,404$62,252$61,135$56,450
3 years$43,443$42,212$41,027$39,886$38,787$34,266
4 years$32,257$31,030$29,857$28,735$27,663$23,341
5 years$25,548$24,328$23,170$22,072$21,029$16,917
6 years$21,076$19,866$18,725$17,651$16,639$12,741
7 years$17,884$16,683$15,561$14,512$13,532$9,846
8 years$15,490$14,300$13,197$12,173$11,226$7,749
9 years$13,630$12,451$11,366$10,369$9,454$6,181
10 years$12,142$10,975$9,909$8,938$8,055$4,981
11 years$10,926$9,770$8,724$7,779$6,928$4,045
12 years$9,913$8,769$7,742$6,823$6,004$3,306
13 years$9,056$7,925$6,917$6,024$5,235$2,715
14 years$8,323$7,204$6,215$5,347$4,589$2,238
15 years$7,688$6,581$5,611$4,769$4,041$1,851
16 years$7,133$6,038$5,088$4,270$3,571$1,535
17 years$6,644$5,560$4,630$3,837$3,166$1,275
18 years$6,209$5,138$4,226$3,458$2,815$1,062
19 years$5,821$4,762$3,869$3,124$2,509$885
20 years$5,472$4,425$3,551$2,830$2,242$739
21 years$5,157$4,122$3,266$2,568$2,006$617
22 years$4,870$3,847$3,010$2,335$1,798$516
23 years$4,609$3,598$2,779$2,126$1,614$432
24 years$4,370$3,372$2,570$1,939$1,451$361
25 years$4,151$3,164$2,381$1,771$1,305$303
26 years$3,949$2,974$2,208$1,619$1,176$254
27 years$3,762$2,799$2,050$1,482$1,060$213
28 years$3,588$2,637$1,906$1,358$957$178
29 years$3,427$2,488$1,774$1,245$864$149
30 years$3,277$2,349$1,652$1,143$780$125
31 years$3,137$2,221$1,540$1,050$706$105
32 years$3,006$2,102$1,437$965$638$88
33 years$2,883$1,990$1,342$887$578$74
34 years$2,768$1,886$1,254$816$523$62
35 years$2,659$1,789$1,172$751$474$52
36 years$2,557$1,698$1,096$692$429$44
37 years$2,461$1,613$1,026$638$389$37
38 years$2,369$1,533$961$588$353$31
39 years$2,283$1,457$900$542$320$26
40 years$2,201$1,387$844$500$290$22
41 years$2,123$1,320$791$461$263$18
42 years$2,050$1,257$742$426$239$15
43 years$1,980$1,198$697$393$217$13
44 years$1,913$1,142$654$363$197$11
45 years$1,849$1,089$614$335$179$9
46 years$1,789$1,039$577$309$162$8
47 years$1,731$991$542$286$147$6
48 years$1,675$946$509$264$134$5
49 years$1,623$904$479$244$121$5
50 years$1,572$863$450$226$110$4

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 $2,850 every year, while hoping to spend $33,091 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: 52/34/14 Blend
52$1,610,000$1,610,000$1,610,000$1,610,000
53$1,777,160$1,691,830$1,666,875$1,862,753
54$1,923,222$1,739,521$1,687,507$1,969,285
55$2,083,072$1,788,440$1,707,720$2,081,340
56$2,258,084$1,838,612$1,727,467$2,202,466
57$2,449,767$1,890,062$1,746,696$2,333,528
58$2,659,784$1,942,816$1,765,351$2,475,481
59$2,889,968$1,996,900$1,783,376$2,629,377
60$3,142,335$2,052,338$1,800,710$2,796,370
61$3,419,108$2,109,157$1,817,288$2,977,735
62$3,722,734$2,167,383$1,833,044$3,174,874
63$4,055,907$2,227,039$1,847,906$3,389,329
64$4,421,599$2,288,153$1,861,800$3,622,801
65$4,823,079$2,350,750$1,874,647$3,877,162
66$5,263,950$2,414,853$1,886,364$4,154,473
67$5,748,180$2,480,488$1,896,865$4,457,005
68$6,280,142$2,547,680$1,906,057$4,787,259
69$6,864,652$2,616,452$1,913,846$5,147,989
70$7,507,016$2,686,828$1,920,129$5,542,230
71$8,213,080$2,758,830$1,924,802$5,973,325
72$8,989,283$2,832,482$1,927,751$6,444,955
73$9,842,721$2,907,804$1,928,862$6,961,178
74$10,781,209$2,984,818$1,928,010$7,526,463
75$11,813,362$3,063,543$1,925,067$8,145,734
76$12,948,667$3,143,999$1,919,899$8,824,415
77$14,197,579$3,226,202$1,912,363$9,568,483
78$15,571,616$3,310,171$1,902,312$10,384,523
79$17,083,470$3,395,919$1,889,589$11,279,792
80$18,747,126$3,483,460$1,874,032$12,262,284
81$20,577,990$3,572,807$1,855,469$13,340,808
82$22,593,040$3,663,970$1,833,723$14,525,070
83$24,810,983$3,756,957$1,808,605$15,825,767
84$27,252,429$3,851,773$1,779,919$17,254,683
85$29,940,091$3,948,424$1,747,460$18,824,805
86$32,898,993$4,046,910$1,711,013$20,550,442
87$36,156,711$4,147,230$1,670,353$22,447,365
88$39,743,630$4,249,378$1,625,244$24,532,948
89$43,693,232$4,353,349$1,575,441$26,826,341
90$48,042,409$4,459,131$1,520,686$29,348,643
91$52,831,814$4,566,708$1,460,709$32,123,106
92$58,106,245$4,676,063$1,395,229$35,175,354
93$63,915,064$4,787,172$1,323,951$38,533,623
94$70,312,665$4,900,007$1,246,567$42,229,028
95$77,358,987$5,014,537$1,162,757$46,295,859
96$85,120,078$5,130,724$1,072,184$50,771,903
97$93,668,720$5,248,524$974,496$55,698,800
98$103,085,115$5,367,887$869,327$61,122,440
99$113,457,641$5,488,758$756,294$67,093,390
100$124,883,687$5,611,074$634,997$73,667,379