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

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 $1,620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$133,778$132,586$131,424$130,289$129,181$126,573
2 years$66,227$64,993$63,798$62,639$61,515$58,898
3 years$43,713$42,474$41,282$40,133$39,028$36,485
4 years$32,458$31,223$30,042$28,914$27,835$25,385
5 years$25,707$24,479$23,314$22,209$21,160$18,810
6 years$21,207$19,989$18,841$17,760$16,743$14,496
7 years$17,995$16,787$15,657$14,602$13,616$11,473
8 years$15,586$14,389$13,279$12,249$11,296$9,255
9 years$13,714$12,528$11,437$10,434$9,513$7,573
10 years$12,217$11,043$9,971$8,994$8,106$6,264
11 years$10,994$9,831$8,778$7,827$6,971$5,227
12 years$9,974$8,824$7,790$6,866$6,041$4,391
13 years$9,113$7,974$6,960$6,061$5,268$3,710
14 years$8,375$7,248$6,254$5,381$4,618$3,148
15 years$7,736$6,622$5,646$4,798$4,066$2,682
16 years$7,177$6,075$5,119$4,297$3,593$2,292
17 years$6,685$5,595$4,658$3,860$3,186$1,964
18 years$6,248$5,170$4,252$3,479$2,833$1,686
19 years$5,857$4,791$3,893$3,144$2,525$1,451
20 years$5,506$4,452$3,573$2,847$2,255$1,250
21 years$5,189$4,147$3,286$2,584$2,018$1,079
22 years$4,900$3,871$3,029$2,349$1,809$932
23 years$4,638$3,621$2,797$2,140$1,624$806
24 years$4,397$3,392$2,586$1,951$1,460$698
25 years$4,177$3,184$2,395$1,782$1,314$604
26 years$3,973$2,992$2,222$1,630$1,183$524
27 years$3,785$2,816$2,063$1,492$1,067$454
28 years$3,611$2,653$1,918$1,367$963$394
29 years$3,449$2,503$1,785$1,253$869$342
30 years$3,298$2,364$1,662$1,150$785$297
31 years$3,157$2,235$1,550$1,056$710$258
32 years$3,025$2,115$1,446$971$642$224
33 years$2,901$2,003$1,350$893$581$195
34 years$2,785$1,898$1,261$821$526$169
35 years$2,676$1,800$1,179$756$477$147
36 years$2,573$1,709$1,103$696$432$128
37 years$2,476$1,623$1,033$642$391$111
38 years$2,384$1,542$967$591$355$97
39 years$2,297$1,467$906$545$322$84
40 years$2,215$1,395$849$503$292$73
41 years$2,137$1,328$796$464$265$64
42 years$2,062$1,265$747$428$240$55
43 years$1,992$1,205$701$395$218$48
44 years$1,925$1,149$658$365$198$42
45 years$1,861$1,095$618$337$180$36
46 years$1,800$1,045$580$311$163$32
47 years$1,742$997$545$288$148$28
48 years$1,686$952$512$266$135$24
49 years$1,633$909$481$246$122$21
50 years$1,582$868$453$227$111$18

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 $2,222 every year, while hoping to spend $27,815 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: 69/15/16 Blend
52$1,620,000$1,620,000$1,620,000$1,620,000
53$1,787,532$1,701,672$1,676,562$1,904,008
54$1,940,265$1,755,459$1,703,132$2,035,649
55$2,107,645$1,810,949$1,729,660$2,176,117
56$2,291,136$1,868,197$1,756,114$2,329,102
57$2,492,351$1,927,258$1,782,464$2,495,835
58$2,713,067$1,988,190$1,808,672$2,677,670
59$2,955,241$2,051,052$1,834,704$2,876,097
60$3,221,028$2,115,906$1,860,518$3,092,760
61$3,512,802$2,182,814$1,886,075$3,329,467
62$3,833,179$2,251,843$1,911,329$3,588,209
63$4,185,039$2,323,060$1,936,235$3,871,180
64$4,571,557$2,396,533$1,960,743$4,180,797
65$4,996,229$2,472,336$1,984,800$4,519,720
66$5,462,905$2,550,542$2,008,353$4,890,881
67$5,975,830$2,631,227$2,031,341$5,297,508
68$6,539,679$2,714,471$2,053,705$5,743,160
69$7,159,600$2,800,355$2,075,378$6,231,753
70$7,841,270$2,888,962$2,096,294$6,767,605
71$8,590,938$2,980,380$2,116,378$7,355,471
72$9,415,493$3,074,698$2,135,556$8,000,589
73$10,322,524$3,172,009$2,153,748$8,708,733
74$11,320,391$3,272,407$2,170,868$9,486,259
75$12,418,307$3,375,991$2,186,828$10,340,175
76$13,626,422$3,482,862$2,201,535$11,278,198
77$14,955,921$3,593,126$2,214,890$12,308,834
78$16,419,126$3,706,891$2,226,790$13,441,453
79$18,029,616$3,824,268$2,237,127$14,686,379
80$19,802,351$3,945,371$2,245,785$16,054,987
81$21,753,818$4,070,321$2,252,646$17,559,812
82$23,902,180$4,199,240$2,257,582$19,214,664
83$26,267,454$4,332,254$2,260,462$21,034,761
84$28,871,694$4,469,494$2,261,148$23,036,872
85$31,739,203$4,611,095$2,259,492$25,239,472
86$34,896,759$4,757,196$2,255,343$27,662,920
87$38,373,871$4,907,942$2,248,539$30,329,650
88$42,203,054$5,063,479$2,238,914$33,264,382
89$46,420,138$5,223,962$2,226,290$36,494,355
90$51,064,605$5,389,549$2,210,483$40,049,585
91$56,179,959$5,560,401$2,191,299$43,963,147
92$61,814,143$5,736,689$2,168,535$48,271,486
93$68,019,984$5,918,586$2,141,980$53,014,766
94$74,855,697$6,106,270$2,111,410$58,237,241
95$82,385,428$6,299,928$2,076,593$63,987,681
96$90,679,867$6,499,750$2,037,285$70,319,825
97$99,816,910$6,705,934$1,993,230$77,292,893
98$109,882,394$6,918,683$1,944,162$84,972,141
99$120,970,907$7,138,208$1,889,801$93,429,482
100$133,186,686$7,364,726$1,829,855$102,744,158