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%14%
1 years$136,255$135,042$133,858$132,702$131,573$129,394
2 years$67,453$66,197$64,979$63,799$62,654$60,464
3 years$44,522$43,260$42,046$40,877$39,750$37,619
4 years$33,059$31,801$30,599$29,449$28,350$26,293
5 years$26,183$24,932$23,746$22,620$21,551$19,575
6 years$21,600$20,359$19,190$18,089$17,053$15,159
7 years$18,328$17,098$15,947$14,872$13,869$12,058
8 years$15,875$14,656$13,524$12,476$11,505$9,778
9 years$13,968$12,761$11,649$10,627$9,689$8,044
10 years$12,444$11,248$10,156$9,160$8,256$6,691
11 years$11,197$10,013$8,941$7,972$7,100$5,615
12 years$10,159$8,987$7,935$6,993$6,153$4,745
13 years$9,281$8,122$7,089$6,174$5,365$4,032
14 years$8,530$7,383$6,370$5,480$4,703$3,443
15 years$7,879$6,744$5,751$4,887$4,141$2,951
16 years$7,310$6,188$5,214$4,376$3,660$2,538
17 years$6,809$5,699$4,745$3,932$3,245$2,189
18 years$6,363$5,266$4,331$3,543$2,885$1,892
19 years$5,966$4,880$3,965$3,202$2,572$1,639
20 years$5,608$4,535$3,639$2,900$2,297$1,422
21 years$5,285$4,224$3,347$2,632$2,056$1,235
22 years$4,991$3,943$3,085$2,393$1,843$1,074
23 years$4,724$3,688$2,848$2,179$1,654$936
24 years$4,479$3,455$2,634$1,988$1,487$816
25 years$4,254$3,243$2,440$1,815$1,338$711
26 years$4,047$3,048$2,263$1,660$1,205$621
27 years$3,855$2,868$2,101$1,519$1,086$543
28 years$3,677$2,703$1,953$1,392$980$474
29 years$3,512$2,550$1,818$1,276$885$415
30 years$3,359$2,408$1,693$1,171$800$363
31 years$3,215$2,276$1,578$1,076$723$317
32 years$3,081$2,154$1,473$989$654$278
33 years$2,955$2,040$1,375$909$592$243
34 years$2,837$1,933$1,285$837$536$213
35 years$2,725$1,834$1,201$770$485$187
36 years$2,621$1,740$1,124$709$440$163
37 years$2,522$1,653$1,052$653$399$143
38 years$2,428$1,571$985$602$361$126
39 years$2,340$1,494$923$555$328$110
40 years$2,256$1,421$865$512$297$96
41 years$2,176$1,353$811$473$270$85
42 years$2,101$1,288$761$436$245$74
43 years$2,029$1,228$714$403$222$65
44 years$1,960$1,170$670$372$202$57
45 years$1,895$1,116$629$343$183$50
46 years$1,833$1,064$591$317$166$44
47 years$1,774$1,016$555$293$151$38
48 years$1,717$970$522$271$137$34
49 years$1,663$926$490$250$124$30
50 years$1,611$885$461$231$113$26

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 $3,182 every year, while hoping to spend $46,808 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: 28/48/24 Blend
52$1,650,000$1,650,000$1,650,000$1,650,000
53$1,821,582$1,734,132$1,708,557$1,858,831
54$1,957,580$1,769,301$1,715,991$1,923,538
55$2,105,881$1,804,625$1,722,104$1,988,695
56$2,267,691$1,840,061$1,726,804$2,057,729
57$2,444,336$1,875,565$1,729,993$2,131,002
58$2,637,277$1,911,086$1,731,566$2,208,915
59$2,848,121$1,946,572$1,731,416$2,291,911
60$3,078,641$1,981,965$1,729,429$2,380,478
61$3,330,783$2,017,202$1,725,486$2,475,158
62$3,606,695$2,052,217$1,719,462$2,576,546
63$3,908,739$2,086,936$1,711,225$2,685,305
64$4,239,517$2,121,284$1,700,638$2,802,163
65$4,601,896$2,155,175$1,687,558$2,927,928
66$4,999,031$2,188,520$1,671,832$3,063,490
67$5,434,397$2,221,222$1,653,304$3,209,834
68$5,911,823$2,253,180$1,631,807$3,368,049
69$6,435,525$2,284,281$1,607,168$3,539,337
70$7,010,146$2,314,408$1,579,206$3,725,026
71$7,640,802$2,343,435$1,547,730$3,926,584
72$8,333,126$2,371,226$1,512,542$4,145,633
73$9,093,327$2,397,638$1,473,433$4,383,963
74$9,928,239$2,422,515$1,430,186$4,643,553
75$10,845,395$2,445,694$1,382,574$4,926,588
76$11,853,093$2,467,000$1,330,357$5,235,480
77$12,960,471$2,486,246$1,273,287$5,572,894
78$14,177,601$2,503,234$1,211,104$5,941,774
79$15,515,576$2,517,752$1,143,535$6,345,368
80$16,986,617$2,529,575$1,070,296$6,787,265
81$18,604,191$2,538,463$991,090$7,271,424
82$20,383,133$2,544,162$905,607$7,802,218
83$22,339,789$2,546,402$813,520$8,384,475
84$24,492,167$2,544,896$714,493$9,023,524
85$26,860,110$2,539,337$608,171$9,725,245
86$29,465,480$2,529,404$494,183$10,496,129
87$32,332,366$2,514,751$372,145$11,343,341
88$35,487,308$2,495,014$241,652$12,274,787
89$38,959,550$2,469,808$102,285$13,299,193
90$42,781,317$2,438,720$0$14,426,184
91$46,988,112$2,401,319$0$15,678,280
92$51,619,058$2,357,142$0$17,084,032
93$56,717,263$2,305,703$0$18,630,275
94$62,330,226$2,246,484$0$20,331,405
95$68,510,287$2,178,940$0$22,203,295
96$75,315,119$2,102,491$0$24,263,449
97$82,808,273$2,016,524$0$26,531,166
98$91,059,775$1,920,392$0$29,027,727
99$100,146,789$1,813,409$0$31,776,594
100$110,154,345$1,694,850$0$34,803,638