Can I retire at age 53 with 1,670,000?

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 $1,670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$137,907$136,679$135,480$134,310$133,168$128,188
2 years$68,271$66,999$65,767$64,572$63,413$58,453
3 years$45,062$43,785$42,556$41,372$40,232$35,448
4 years$33,460$32,186$30,970$29,806$28,694$24,122
5 years$26,500$25,235$24,034$22,894$21,813$17,465
6 years$21,862$20,606$19,423$18,309$17,260$13,139
7 years$18,550$17,305$16,140$15,052$14,037$10,142
8 years$16,068$14,833$13,688$12,627$11,645$7,973
9 years$14,138$12,915$11,790$10,756$9,807$6,352
10 years$12,595$11,384$10,279$9,271$8,356$5,112
11 years$11,333$10,135$9,049$8,069$7,186$4,146
12 years$10,282$9,096$8,031$7,077$6,227$3,384
13 years$9,394$8,220$7,175$6,248$5,430$2,775
14 years$8,633$7,472$6,447$5,547$4,760$2,285
15 years$7,975$6,826$5,821$4,947$4,191$1,887
16 years$7,399$6,263$5,277$4,429$3,704$1,562
17 years$6,891$5,768$4,802$3,980$3,284$1,296
18 years$6,441$5,330$4,384$3,586$2,920$1,077
19 years$6,038$4,939$4,013$3,241$2,603$897
20 years$5,676$4,590$3,683$2,935$2,325$747
21 years$5,349$4,275$3,388$2,664$2,081$623
22 years$5,052$3,991$3,122$2,422$1,865$520
23 years$4,781$3,733$2,883$2,206$1,674$435
24 years$4,533$3,497$2,666$2,012$1,505$363
25 years$4,306$3,282$2,469$1,837$1,354$304
26 years$4,096$3,084$2,290$1,680$1,220$254
27 years$3,902$2,903$2,127$1,538$1,100$213
28 years$3,722$2,735$1,977$1,409$992$178
29 years$3,555$2,580$1,840$1,292$896$149
30 years$3,399$2,437$1,714$1,186$810$125
31 years$3,254$2,304$1,598$1,089$732$105
32 years$3,118$2,180$1,491$1,001$662$88
33 years$2,991$2,064$1,392$920$599$73
34 years$2,871$1,957$1,300$847$542$61
35 years$2,758$1,856$1,216$779$491$52
36 years$2,652$1,761$1,137$718$445$43
37 years$2,552$1,673$1,065$661$403$36
38 years$2,458$1,590$997$610$366$30
39 years$2,368$1,512$934$562$332$25
40 years$2,283$1,438$875$518$301$21
41 years$2,203$1,369$821$478$273$18
42 years$2,126$1,304$770$441$248$15
43 years$2,053$1,242$723$408$225$13
44 years$1,984$1,184$678$376$204$11
45 years$1,918$1,129$637$347$185$9
46 years$1,855$1,077$598$321$168$7
47 years$1,795$1,028$562$297$153$6
48 years$1,738$981$528$274$139$5
49 years$1,683$937$496$253$126$4
50 years$1,631$895$467$234$114$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,670,000, adding $5,742 every year, while hoping to spend $52,934 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: 54/41/5 Blend
52$1,670,000$1,670,000$1,670,000$1,670,000
53$1,846,263$1,757,753$1,731,868$1,943,705
54$1,978,260$1,787,561$1,733,564$2,039,945
55$2,121,947$1,817,056$1,733,543$2,138,271
56$2,278,461$1,846,167$1,731,691$2,243,974
57$2,449,050$1,874,816$1,727,890$2,357,759
58$2,635,093$1,902,921$1,722,014$2,480,403
59$2,838,104$1,930,396$1,713,932$2,612,764
60$3,059,750$1,957,145$1,703,509$2,755,787
61$3,301,867$1,983,068$1,690,599$2,910,512
62$3,566,476$2,008,056$1,675,052$3,078,089
63$3,855,801$2,031,995$1,656,711$3,259,783
64$4,172,292$2,054,762$1,635,410$3,456,992
65$4,518,646$2,076,226$1,610,976$3,671,255
66$4,897,833$2,096,246$1,583,229$3,904,269
67$5,313,122$2,114,672$1,551,977$4,157,908
68$5,768,116$2,131,346$1,517,024$4,434,235
69$6,266,780$2,146,099$1,478,161$4,735,527
70$6,813,484$2,158,750$1,435,171$5,064,296
71$7,413,037$2,169,106$1,387,827$5,423,309
72$8,070,738$2,176,964$1,335,891$5,815,621
73$8,792,425$2,182,107$1,279,115$6,244,599
74$9,584,525$2,184,303$1,217,238$6,713,955
75$10,454,121$2,183,308$1,149,990$7,227,785
76$11,409,013$2,178,862$1,077,086$7,790,603
77$12,457,794$2,170,688$998,230$8,407,391
78$13,609,930$2,158,492$913,112$9,083,639
79$14,875,849$2,141,965$821,408$9,825,402
80$16,267,040$2,120,775$722,779$10,639,357
81$17,796,158$2,094,573$616,872$11,532,869
82$19,477,148$2,062,989$503,319$12,514,055
83$21,325,371$2,025,630$381,734$13,591,870
84$23,357,752$1,982,078$251,715$14,776,184
85$25,592,937$1,931,894$112,842$16,077,884
86$28,051,471$1,874,612$0$17,508,972
87$30,755,988$1,809,735$0$19,084,568
88$33,731,430$1,736,743$0$20,823,925
89$37,005,274$1,655,082$0$22,737,130
90$40,607,798$1,564,166$0$24,841,950
91$44,572,360$1,463,377$0$27,157,970
92$48,935,718$1,352,061$0$29,706,782
93$53,738,374$1,229,524$0$32,512,189
94$59,024,954$1,095,036$0$35,600,435
95$64,844,631$947,825$0$39,000,449
96$71,251,587$787,072$0$42,744,122
97$78,305,527$611,916$0$46,866,611
98$86,072,236$421,446$0$51,406,674
99$94,624,205$214,697$0$56,407,035
100$104,041,311$0$0$61,914,789