Can I retire at age 53 with 1,620,000?

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 $1,620,000?

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$133,778$132,586$131,424$130,289$129,181$126,315
2 years$66,227$64,993$63,798$62,639$61,515$58,642
3 years$43,713$42,474$41,282$40,133$39,028$36,238
4 years$32,458$31,223$30,042$28,914$27,835$25,150
5 years$25,707$24,479$23,314$22,209$21,160$18,587
6 years$21,207$19,989$18,841$17,760$16,743$14,285
7 years$17,995$16,787$15,657$14,602$13,616$11,274
8 years$15,586$14,389$13,279$12,249$11,296$9,068
9 years$13,714$12,528$11,437$10,434$9,513$7,398
10 years$12,217$11,043$9,971$8,994$8,106$6,101
11 years$10,994$9,831$8,778$7,827$6,971$5,074
12 years$9,974$8,824$7,790$6,866$6,041$4,249
13 years$9,113$7,974$6,960$6,061$5,268$3,578
14 years$8,375$7,248$6,254$5,381$4,618$3,026
15 years$7,736$6,622$5,646$4,798$4,066$2,569
16 years$7,177$6,075$5,119$4,297$3,593$2,188
17 years$6,685$5,595$4,658$3,860$3,186$1,868
18 years$6,248$5,170$4,252$3,479$2,833$1,598
19 years$5,857$4,791$3,893$3,144$2,525$1,370
20 years$5,506$4,452$3,573$2,847$2,255$1,176
21 years$5,189$4,147$3,286$2,584$2,018$1,011
22 years$4,900$3,871$3,029$2,349$1,809$870
23 years$4,638$3,621$2,797$2,140$1,624$749
24 years$4,397$3,392$2,586$1,951$1,460$646
25 years$4,177$3,184$2,395$1,782$1,314$557
26 years$3,973$2,992$2,222$1,630$1,183$481
27 years$3,785$2,816$2,063$1,492$1,067$416
28 years$3,611$2,653$1,918$1,367$963$359
29 years$3,449$2,503$1,785$1,253$869$310
30 years$3,298$2,364$1,662$1,150$785$268
31 years$3,157$2,235$1,550$1,056$710$232
32 years$3,025$2,115$1,446$971$642$201
33 years$2,901$2,003$1,350$893$581$174
34 years$2,785$1,898$1,261$821$526$150
35 years$2,676$1,800$1,179$756$477$130
36 years$2,573$1,709$1,103$696$432$113
37 years$2,476$1,623$1,033$642$391$98
38 years$2,384$1,542$967$591$355$85
39 years$2,297$1,467$906$545$322$73
40 years$2,215$1,395$849$503$292$63
41 years$2,137$1,328$796$464$265$55
42 years$2,062$1,265$747$428$240$48
43 years$1,992$1,205$701$395$218$41
44 years$1,925$1,149$658$365$198$36
45 years$1,861$1,095$618$337$180$31
46 years$1,800$1,045$580$311$163$27
47 years$1,742$997$545$288$148$23
48 years$1,686$952$512$266$135$20
49 years$1,633$909$481$246$122$17
50 years$1,582$868$453$227$111$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,620,000, adding $3,567 every year, while hoping to spend $51,007 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: 81/12/7 Blend
52$1,620,000$1,620,000$1,620,000$1,620,000
53$1,788,919$1,703,059$1,677,949$1,932,263
54$1,917,118$1,732,238$1,679,890$2,055,774
55$2,056,684$1,761,137$1,680,185$2,184,167
56$2,208,721$1,789,689$1,678,728$2,323,528
57$2,374,448$1,817,821$1,675,402$2,474,925
58$2,555,202$1,845,455$1,670,089$2,639,535
59$2,752,459$1,872,508$1,662,662$2,818,653
60$2,967,839$1,898,890$1,652,991$3,013,709
61$3,203,128$1,924,506$1,640,936$3,226,272
62$3,460,293$1,949,252$1,626,353$3,458,076
63$3,741,498$1,973,021$1,609,091$3,711,027
64$4,049,126$1,995,694$1,588,991$3,987,227
65$4,385,801$2,017,147$1,565,886$4,288,991
66$4,754,412$2,037,246$1,539,603$4,618,868
67$5,158,141$2,055,850$1,509,958$4,979,667
68$5,600,492$2,072,808$1,476,762$5,374,484
69$6,085,324$2,087,957$1,439,815$5,806,728
70$6,616,886$2,101,126$1,398,909$6,280,157
71$7,199,860$2,112,132$1,353,823$6,798,910
72$7,839,401$2,120,782$1,304,331$7,367,548
73$8,541,187$2,126,868$1,250,194$7,991,097
74$9,311,473$2,130,170$1,191,161$8,675,095
75$10,157,151$2,130,455$1,126,972$9,425,645
76$11,085,808$2,127,475$1,057,353$10,249,469
77$12,105,806$2,120,967$982,020$11,153,978
78$13,226,355$2,110,651$900,675$12,147,336
79$14,457,602$2,096,232$813,006$13,238,540
80$15,810,723$2,077,393$718,688$14,437,506
81$17,298,034$2,053,803$617,381$15,755,159
82$18,933,102$2,025,107$508,731$17,203,539
83$20,730,872$1,990,931$392,368$18,795,914
84$22,707,812$1,950,878$267,903$20,546,907
85$24,882,066$1,904,528$134,935$22,472,628
86$27,273,622$1,851,436$0$24,590,837
87$29,904,506$1,791,130$0$26,921,621
88$32,798,981$1,723,111$0$29,496,814
89$35,983,786$1,646,853$0$32,330,126
90$39,488,380$1,561,796$0$35,447,783
91$43,345,221$1,467,350$0$38,878,684
92$47,590,074$1,362,890$0$42,654,675
93$52,262,346$1,247,757$0$46,810,849
94$57,405,461$1,121,252$0$51,385,877
95$63,067,261$982,637$0$56,422,374
96$69,300,469$831,133$0$61,967,301
97$76,163,175$665,917$0$68,072,409
98$83,719,389$486,117$0$74,794,724
99$92,039,646$290,816$0$82,197,091
100$101,201,667$79,043$0$90,348,763