Can I retire at age 53 with 1,650,000?

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 $1,650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$136,255$135,042$133,858$132,702$131,573$129,768
2 years$67,453$66,197$64,979$63,799$62,654$60,838
3 years$44,522$43,260$42,046$40,877$39,750$37,981
4 years$33,059$31,801$30,599$29,449$28,350$26,640
5 years$26,183$24,932$23,746$22,620$21,551$19,906
6 years$21,600$20,359$19,190$18,089$17,053$15,474
7 years$18,328$17,098$15,947$14,872$13,869$12,357
8 years$15,875$14,656$13,524$12,476$11,505$10,061
9 years$13,968$12,761$11,649$10,627$9,689$8,311
10 years$12,444$11,248$10,156$9,160$8,256$6,943
11 years$11,197$10,013$8,941$7,972$7,100$5,852
12 years$10,159$8,987$7,935$6,993$6,153$4,967
13 years$9,281$8,122$7,089$6,174$5,365$4,241
14 years$8,530$7,383$6,370$5,480$4,703$3,638
15 years$7,879$6,744$5,751$4,887$4,141$3,133
16 years$7,310$6,188$5,214$4,376$3,660$2,708
17 years$6,809$5,699$4,745$3,932$3,245$2,347
18 years$6,363$5,266$4,331$3,543$2,885$2,039
19 years$5,966$4,880$3,965$3,202$2,572$1,775
20 years$5,608$4,535$3,639$2,900$2,297$1,548
21 years$5,285$4,224$3,347$2,632$2,056$1,352
22 years$4,991$3,943$3,085$2,393$1,843$1,182
23 years$4,724$3,688$2,848$2,179$1,654$1,035
24 years$4,479$3,455$2,634$1,988$1,487$907
25 years$4,254$3,243$2,440$1,815$1,338$796
26 years$4,047$3,048$2,263$1,660$1,205$699
27 years$3,855$2,868$2,101$1,519$1,086$614
28 years$3,677$2,703$1,953$1,392$980$539
29 years$3,512$2,550$1,818$1,276$885$474
30 years$3,359$2,408$1,693$1,171$800$417
31 years$3,215$2,276$1,578$1,076$723$367
32 years$3,081$2,154$1,473$989$654$323
33 years$2,955$2,040$1,375$909$592$285
34 years$2,837$1,933$1,285$837$536$251
35 years$2,725$1,834$1,201$770$485$221
36 years$2,621$1,740$1,124$709$440$195
37 years$2,522$1,653$1,052$653$399$172
38 years$2,428$1,571$985$602$361$151
39 years$2,340$1,494$923$555$328$133
40 years$2,256$1,421$865$512$297$118
41 years$2,176$1,353$811$473$270$104
42 years$2,101$1,288$761$436$245$92
43 years$2,029$1,228$714$403$222$81
44 years$1,960$1,170$670$372$202$71
45 years$1,895$1,116$629$343$183$63
46 years$1,833$1,064$591$317$166$55
47 years$1,774$1,016$555$293$151$49
48 years$1,717$970$522$271$137$43
49 years$1,663$926$490$250$124$38
50 years$1,611$885$461$231$113$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,650,000, adding $5,162 every year, while hoping to spend $59,202 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: 63/12/25 Blend
52$1,650,000$1,650,000$1,650,000$1,650,000
53$1,823,625$1,736,175$1,710,600$1,926,177
54$1,946,644$1,758,257$1,704,914$2,018,259
55$2,080,227$1,779,437$1,697,054$2,111,792
56$2,225,389$1,799,608$1,686,884$2,212,644
57$2,383,246$1,818,656$1,674,262$2,321,540
58$2,555,027$1,836,460$1,659,040$2,439,280
59$2,742,083$1,852,890$1,641,061$2,566,745
60$2,945,902$1,867,808$1,620,163$2,704,908
61$3,168,120$1,881,067$1,596,175$2,854,844
62$3,410,540$1,892,510$1,568,918$3,017,738
63$3,675,143$1,901,972$1,538,205$3,194,897
64$3,964,112$1,909,273$1,503,840$3,387,763
65$4,279,851$1,914,227$1,465,618$3,597,928
66$4,625,005$1,916,633$1,423,325$3,827,149
67$5,002,485$1,916,278$1,376,736$4,077,362
68$5,415,499$1,912,935$1,325,617$4,350,705
69$5,867,577$1,906,366$1,269,722$4,649,537
70$6,362,607$1,896,316$1,208,795$4,976,458
71$6,904,872$1,882,514$1,142,569$5,334,337
72$7,499,085$1,864,674$1,070,761$5,726,341
73$8,150,441$1,842,492$993,081$6,155,961
74$8,864,658$1,815,647$909,222$6,627,048
75$9,648,036$1,783,796$818,863$7,143,850
76$10,507,513$1,746,579$721,672$7,711,052
77$11,450,731$1,703,613$617,300$8,333,823
78$12,486,108$1,654,492$505,382$9,017,861
79$13,622,916$1,598,788$385,537$9,769,453
80$14,871,370$1,536,045$257,370$10,595,530
81$16,242,723$1,465,784$120,464$11,503,737
82$17,749,369$1,387,496$0$12,502,504
83$19,404,965$1,300,644$0$13,607,967
84$21,224,555$1,204,658$0$14,858,275
85$23,224,711$1,098,938$0$16,232,690
86$25,423,693$982,848$0$17,743,809
87$27,841,619$855,717$0$19,405,512
88$30,500,652$716,834$0$21,233,097
89$33,425,210$565,451$0$23,243,420
90$36,642,198$400,775$0$25,455,060
91$40,181,259$221,969$0$27,888,490
92$44,075,053$28,152$0$30,566,274
93$48,359,566$0$0$33,513,275
94$53,074,449$0$0$36,780,879
95$58,263,389$0$0$40,381,255
96$63,974,525$0$0$44,344,104
97$70,260,897$0$0$48,706,249
98$77,180,949$0$0$53,508,263
99$84,799,080$0$0$58,794,852
100$93,186,249$0$0$64,615,278