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

Use the below retirement simulation to view the chances of a successful retirement.
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%17.8%
1 years$136,255$135,042$133,858$132,702$131,573$127,413
2 years$67,453$66,197$64,979$63,799$62,654$58,500
3 years$44,522$43,260$42,046$40,877$39,750$35,733
4 years$33,059$31,801$30,599$29,449$28,350$24,501
5 years$26,183$24,932$23,746$22,620$21,551$17,880
6 years$21,600$20,359$19,190$18,089$17,053$13,562
7 years$18,328$17,098$15,947$14,872$13,869$10,559
8 years$15,875$14,656$13,524$12,476$11,505$8,374
9 years$13,968$12,761$11,649$10,627$9,689$6,733
10 years$12,444$11,248$10,156$9,160$8,256$5,470
11 years$11,197$10,013$8,941$7,972$7,100$4,481
12 years$10,159$8,987$7,935$6,993$6,153$3,693
13 years$9,281$8,122$7,089$6,174$5,365$3,060
14 years$8,530$7,383$6,370$5,480$4,703$2,546
15 years$7,879$6,744$5,751$4,887$4,141$2,125
16 years$7,310$6,188$5,214$4,376$3,660$1,779
17 years$6,809$5,699$4,745$3,932$3,245$1,492
18 years$6,363$5,266$4,331$3,543$2,885$1,254
19 years$5,966$4,880$3,965$3,202$2,572$1,056
20 years$5,608$4,535$3,639$2,900$2,297$890
21 years$5,285$4,224$3,347$2,632$2,056$751
22 years$4,991$3,943$3,085$2,393$1,843$634
23 years$4,724$3,688$2,848$2,179$1,654$536
24 years$4,479$3,455$2,634$1,988$1,487$454
25 years$4,254$3,243$2,440$1,815$1,338$384
26 years$4,047$3,048$2,263$1,660$1,205$325
27 years$3,855$2,868$2,101$1,519$1,086$275
28 years$3,677$2,703$1,953$1,392$980$233
29 years$3,512$2,550$1,818$1,276$885$198
30 years$3,359$2,408$1,693$1,171$800$168
31 years$3,215$2,276$1,578$1,076$723$142
32 years$3,081$2,154$1,473$989$654$121
33 years$2,955$2,040$1,375$909$592$102
34 years$2,837$1,933$1,285$837$536$87
35 years$2,725$1,834$1,201$770$485$74
36 years$2,621$1,740$1,124$709$440$62
37 years$2,522$1,653$1,052$653$399$53
38 years$2,428$1,571$985$602$361$45
39 years$2,340$1,494$923$555$328$38
40 years$2,256$1,421$865$512$297$32
41 years$2,176$1,353$811$473$270$27
42 years$2,101$1,288$761$436$245$23
43 years$2,029$1,228$714$403$222$20
44 years$1,960$1,170$670$372$202$17
45 years$1,895$1,116$629$343$183$14
46 years$1,833$1,064$591$317$166$12
47 years$1,774$1,016$555$293$151$10
48 years$1,717$970$522$271$137$9
49 years$1,663$926$490$250$124$7
50 years$1,611$885$461$231$113$6

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 $4,316 every year, while hoping to spend $45,037 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: 75/8/17 Blend
52$1,650,000$1,650,000$1,650,000$1,650,000
53$1,822,752$1,735,302$1,709,727$1,952,138
54$1,960,754$1,772,413$1,719,084$2,075,465
55$2,111,322$1,809,832$1,727,245$2,204,614
56$2,275,691$1,847,529$1,734,122$2,344,971
57$2,455,220$1,885,466$1,739,623$2,497,640
58$2,651,405$1,923,606$1,743,653$2,663,838
59$2,865,891$1,961,906$1,746,108$2,844,903
60$3,100,492$2,000,319$1,746,883$3,042,313
61$3,357,205$2,038,797$1,745,866$3,257,693
62$3,638,227$2,077,285$1,742,939$3,492,834
63$3,945,978$2,115,724$1,737,980$3,749,712
64$4,283,125$2,154,052$1,730,859$4,030,501
65$4,652,602$2,192,199$1,721,441$4,337,598
66$5,057,642$2,230,092$1,709,585$4,673,643
67$5,501,807$2,267,652$1,695,142$5,041,549
68$5,989,018$2,304,793$1,677,955$5,444,520
69$6,523,594$2,341,424$1,657,863$5,886,092
70$7,110,293$2,377,446$1,634,694$6,370,158
71$7,754,356$2,412,755$1,608,269$6,901,010
72$8,461,557$2,447,235$1,578,402$7,483,378
73$9,238,253$2,480,768$1,544,897$8,122,472
74$10,091,452$2,513,223$1,507,548$8,824,037
75$11,028,871$2,544,461$1,466,141$9,594,401
76$12,059,010$2,574,334$1,420,451$10,440,541
77$13,191,238$2,602,685$1,370,245$11,370,142
78$14,435,873$2,629,345$1,315,277$12,391,678
79$15,804,283$2,654,134$1,255,289$13,514,483
80$17,308,993$2,676,860$1,190,015$14,748,847
81$18,963,802$2,697,318$1,119,173$16,106,108
82$20,783,915$2,715,292$1,042,470$17,598,764
83$22,786,083$2,730,549$959,601$19,240,586
84$24,988,761$2,742,844$870,245$21,046,751
85$27,412,285$2,751,914$774,069$23,033,987
86$30,079,060$2,757,480$670,722$25,220,726
87$33,013,774$2,759,246$559,842$27,627,285
88$36,243,629$2,756,899$441,046$30,276,053
89$39,798,596$2,750,104$313,938$33,191,704
90$43,711,700$2,738,506$178,102$36,401,430
91$48,019,331$2,721,731$33,106$39,935,201
92$52,761,585$2,699,377$0$43,826,044
93$57,982,643$2,671,024$0$48,132,418
94$63,731,190$2,636,221$0$52,880,219
95$70,060,870$2,594,494$0$58,107,730
96$77,030,793$2,545,340$0$63,863,764
97$84,706,096$2,488,223$0$70,202,111
98$93,158,552$2,422,580$0$77,182,044
99$102,467,250$2,347,812$0$84,868,879
100$112,719,341$2,263,286$0$93,334,593