Can I retire at age 53 with 1,630,000?

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 $1,630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$134,604$133,405$132,235$131,093$129,978$128,514
2 years$66,636$65,395$64,192$63,026$61,895$60,420
3 years$43,982$42,736$41,536$40,381$39,268$37,830
4 years$32,658$31,416$30,228$29,092$28,007$26,615
5 years$25,865$24,630$23,458$22,346$21,290$19,950
6 years$21,338$20,112$18,958$17,870$16,846$15,559
7 years$18,106$16,890$15,754$14,692$13,700$12,466
8 years$15,683$14,478$13,361$12,325$11,366$10,185
9 years$13,799$12,606$11,507$10,498$9,572$8,443
10 years$12,293$11,111$10,032$9,049$8,156$7,079
11 years$11,061$9,892$8,832$7,876$7,014$5,989
12 years$10,036$8,878$7,839$6,908$6,078$5,103
13 years$9,169$8,023$7,003$6,099$5,300$4,374
14 years$8,426$7,293$6,292$5,414$4,646$3,767
15 years$7,784$6,662$5,681$4,828$4,091$3,258
16 years$7,222$6,113$5,151$4,323$3,616$2,827
17 years$6,726$5,629$4,687$3,884$3,206$2,461
18 years$6,286$5,202$4,279$3,500$2,850$2,147
19 years$5,893$4,821$3,917$3,163$2,541$1,877
20 years$5,540$4,480$3,595$2,865$2,269$1,644
21 years$5,221$4,173$3,306$2,600$2,031$1,443
22 years$4,931$3,895$3,047$2,364$1,820$1,267
23 years$4,666$3,643$2,814$2,153$1,634$1,115
24 years$4,425$3,413$2,602$1,964$1,469$982
25 years$4,202$3,203$2,410$1,793$1,322$865
26 years$3,998$3,011$2,235$1,640$1,190$763
27 years$3,808$2,833$2,076$1,501$1,073$674
28 years$3,633$2,670$1,930$1,375$968$595
29 years$3,470$2,519$1,796$1,261$875$526
30 years$3,318$2,379$1,673$1,157$790$465
31 years$3,176$2,249$1,559$1,063$714$411
32 years$3,043$2,128$1,455$977$646$364
33 years$2,919$2,015$1,358$898$585$322
34 years$2,802$1,910$1,269$826$529$285
35 years$2,692$1,811$1,187$761$480$252
36 years$2,589$1,719$1,110$701$435$224
37 years$2,491$1,633$1,039$646$394$198
38 years$2,399$1,552$973$595$357$176
39 years$2,311$1,476$912$549$324$156
40 years$2,228$1,404$854$506$294$138
41 years$2,150$1,336$801$467$266$122
42 years$2,075$1,273$752$431$242$108
43 years$2,004$1,213$705$398$219$96
44 years$1,937$1,156$662$367$199$85
45 years$1,872$1,102$622$339$181$76
46 years$1,811$1,052$584$313$164$67
47 years$1,752$1,003$548$289$149$59
48 years$1,696$958$515$267$135$53
49 years$1,643$915$484$247$123$47
50 years$1,591$874$455$228$112$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,630,000, adding $2,994 every year, while hoping to spend $59,712 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: 47/36/17 Blend
52$1,630,000$1,630,000$1,630,000$1,630,000
53$1,799,348$1,712,958$1,687,693$1,875,135
54$1,919,349$1,733,360$1,680,698$1,948,512
55$2,049,588$1,752,760$1,671,467$2,021,815
56$2,191,047$1,771,047$1,659,862$2,100,097
57$2,344,806$1,788,100$1,645,740$2,183,845
58$2,512,052$1,803,793$1,628,947$2,273,601
59$2,694,091$1,817,988$1,609,327$2,369,961
60$2,892,361$1,830,542$1,586,712$2,473,587
61$3,108,444$1,841,301$1,560,929$2,585,210
62$3,344,081$1,850,101$1,531,796$2,705,638
63$3,601,188$1,856,767$1,499,122$2,835,763
64$3,881,874$1,861,113$1,462,708$2,976,574
65$4,188,462$1,862,944$1,422,345$3,129,162
66$4,523,506$1,862,050$1,377,815$3,294,734
67$4,889,821$1,858,208$1,328,889$3,474,624
68$5,290,505$1,851,182$1,275,329$3,670,304
69$5,728,970$1,840,723$1,216,886$3,883,405
70$6,208,971$1,826,565$1,153,298$4,115,725
71$6,734,646$1,808,426$1,084,293$4,369,253
72$7,310,548$1,786,007$1,009,585$4,646,186
73$7,941,695$1,758,993$928,877$4,948,949
74$8,633,611$1,727,047$841,858$5,280,225
75$9,392,381$1,689,814$748,202$5,642,972
76$10,224,708$1,646,918$647,570$6,040,461
77$11,137,972$1,597,961$539,608$6,476,303
78$12,140,305$1,542,521$423,945$6,954,485
79$13,240,663$1,480,152$300,194$7,479,409
80$14,448,912$1,410,381$167,952$8,055,937
81$15,775,920$1,332,709$26,798$8,689,434
82$17,233,660$1,246,607$0$9,385,827
83$18,835,320$1,151,517$0$10,174,117
84$20,595,429$1,046,848$0$11,045,707
85$22,529,995$931,976$0$12,003,786
86$24,656,653$806,241$0$13,057,238
87$26,994,830$668,946$0$14,215,862
88$29,565,933$519,354$0$15,490,465
89$32,393,543$356,688$0$16,892,968
90$35,503,644$180,125$0$18,436,518
91$38,924,863$0$0$20,135,613
92$42,688,741$0$0$22,010,682
93$46,830,032$0$0$24,152,487
94$51,387,026$0$0$26,509,502
95$56,401,914$0$0$29,103,578
96$61,921,182$0$0$31,958,787
97$67,996,054$0$0$35,101,657
98$74,682,969$0$0$38,561,417
99$82,044,115$0$0$42,370,272
100$90,148,017$0$0$46,563,713