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%12.5%
1 years$134,604$133,405$132,235$131,093$129,978$128,621
2 years$66,636$65,395$64,192$63,026$61,895$60,528
3 years$43,982$42,736$41,536$40,381$39,268$37,934
4 years$32,658$31,416$30,228$29,092$28,007$26,716
5 years$25,865$24,630$23,458$22,346$21,290$20,046
6 years$21,338$20,112$18,958$17,870$16,846$15,651
7 years$18,106$16,890$15,754$14,692$13,700$12,554
8 years$15,683$14,478$13,361$12,325$11,366$10,268
9 years$13,799$12,606$11,507$10,498$9,572$8,522
10 years$12,293$11,111$10,032$9,049$8,156$7,154
11 years$11,061$9,892$8,832$7,876$7,014$6,060
12 years$10,036$8,878$7,839$6,908$6,078$5,170
13 years$9,169$8,023$7,003$6,099$5,300$4,437
14 years$8,426$7,293$6,292$5,414$4,646$3,827
15 years$7,784$6,662$5,681$4,828$4,091$3,314
16 years$7,222$6,113$5,151$4,323$3,616$2,880
17 years$6,726$5,629$4,687$3,884$3,206$2,510
18 years$6,286$5,202$4,279$3,500$2,850$2,193
19 years$5,893$4,821$3,917$3,163$2,541$1,920
20 years$5,540$4,480$3,595$2,865$2,269$1,684
21 years$5,221$4,173$3,306$2,600$2,031$1,480
22 years$4,931$3,895$3,047$2,364$1,820$1,302
23 years$4,666$3,643$2,814$2,153$1,634$1,147
24 years$4,425$3,413$2,602$1,964$1,469$1,012
25 years$4,202$3,203$2,410$1,793$1,322$893
26 years$3,998$3,011$2,235$1,640$1,190$789
27 years$3,808$2,833$2,076$1,501$1,073$698
28 years$3,633$2,670$1,930$1,375$968$617
29 years$3,470$2,519$1,796$1,261$875$546
30 years$3,318$2,379$1,673$1,157$790$484
31 years$3,176$2,249$1,559$1,063$714$428
32 years$3,043$2,128$1,455$977$646$380
33 years$2,919$2,015$1,358$898$585$337
34 years$2,802$1,910$1,269$826$529$299
35 years$2,692$1,811$1,187$761$480$265
36 years$2,589$1,719$1,110$701$435$235
37 years$2,491$1,633$1,039$646$394$209
38 years$2,399$1,552$973$595$357$185
39 years$2,311$1,476$912$549$324$164
40 years$2,228$1,404$854$506$294$146
41 years$2,150$1,336$801$467$266$130
42 years$2,075$1,273$752$431$242$115
43 years$2,004$1,213$705$398$219$102
44 years$1,937$1,156$662$367$199$91
45 years$1,872$1,102$622$339$181$81
46 years$1,811$1,052$584$313$164$72
47 years$1,752$1,003$548$289$149$64
48 years$1,696$958$515$267$135$57
49 years$1,643$915$484$247$123$50
50 years$1,591$874$455$228$112$45

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 $6,696 every year, while hoping to spend $32,509 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: 54/18/28 Blend
52$1,630,000$1,630,000$1,630,000$1,630,000
53$1,803,167$1,716,777$1,691,512$1,886,174
54$1,952,501$1,766,310$1,713,588$1,993,822
55$2,115,977$1,817,180$1,735,315$2,107,075
56$2,295,004$1,869,419$1,756,645$2,229,729
57$2,491,132$1,923,058$1,777,530$2,362,698
58$2,706,070$1,978,130$1,797,920$2,506,990
59$2,941,697$2,034,668$1,817,759$2,663,714
60$3,200,087$2,092,703$1,836,990$2,834,093
61$3,483,520$2,152,269$1,855,553$3,019,473
62$3,794,509$2,213,400$1,873,384$3,221,339
63$4,135,822$2,276,131$1,890,416$3,441,324
64$4,510,510$2,340,495$1,906,579$3,681,228
65$4,921,929$2,406,526$1,921,797$3,943,037
66$5,373,781$2,474,261$1,935,992$4,228,935
67$5,870,141$2,543,734$1,949,082$4,541,330
68$6,415,499$2,614,981$1,960,980$4,882,877
69$7,014,802$2,688,037$1,971,595$5,256,500
70$7,673,499$2,762,937$1,980,830$5,665,419
71$8,397,593$2,839,718$1,988,585$6,113,186
72$9,193,698$2,918,416$1,994,754$6,603,713
73$10,069,102$2,999,065$1,999,225$7,141,310
74$11,031,834$3,081,702$2,001,882$7,730,728
75$12,090,738$3,166,362$2,002,602$8,377,203
76$13,255,560$3,253,081$2,001,256$9,086,504
77$14,537,038$3,341,894$1,997,709$9,864,987
78$15,947,004$3,432,834$1,991,820$10,719,660
79$17,498,493$3,525,938$1,983,441$11,658,242
80$19,205,868$3,621,237$1,972,414$12,689,244
81$21,084,954$3,718,766$1,958,578$13,822,041
82$23,153,190$3,818,556$1,941,762$15,066,968
83$25,429,790$3,920,640$1,921,785$16,435,412
84$27,935,925$4,025,047$1,898,461$17,939,923
85$30,694,923$4,131,808$1,871,593$19,594,334
86$33,732,489$4,240,950$1,840,975$21,413,885
87$37,076,947$4,352,501$1,806,392$23,415,376
88$40,759,507$4,466,486$1,767,618$25,617,319
89$44,814,562$4,582,928$1,724,418$28,040,115
90$49,280,006$4,701,850$1,676,544$30,706,249
91$54,197,597$4,823,272$1,623,739$33,640,499
92$59,613,350$4,947,210$1,565,733$36,870,173
93$65,577,969$5,073,681$1,502,243$40,425,366
94$72,147,328$5,202,697$1,432,973$44,339,243
95$79,382,993$5,334,267$1,357,616$48,648,355
96$87,352,811$5,468,399$1,275,849$53,392,984
97$96,131,542$5,605,094$1,187,334$58,617,521
98$105,801,569$5,744,353$1,091,719$64,370,889
99$116,453,673$5,886,171$988,636$70,707,004
100$128,187,894$6,030,539$877,701$77,685,283