Can I retire at age 53 with 1,690,000?

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 $1,690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$139,559$138,316$137,103$135,919$134,763$129,878
2 years$69,088$67,802$66,555$65,346$64,173$59,305
3 years$45,601$44,309$43,065$41,868$40,714$36,016
4 years$33,860$32,572$31,341$30,163$29,037$24,546
5 years$26,817$25,537$24,322$23,168$22,074$17,800
6 years$22,124$20,853$19,655$18,528$17,466$13,413
7 years$18,772$17,512$16,334$15,233$14,205$10,371
8 years$16,260$15,011$13,852$12,778$11,784$8,167
9 years$14,307$13,070$11,931$10,884$9,924$6,519
10 years$12,745$11,520$10,402$9,382$8,456$5,256
11 years$11,469$10,256$9,157$8,166$7,272$4,272
12 years$10,405$9,205$8,127$7,162$6,302$3,493
13 years$9,507$8,319$7,261$6,323$5,495$2,871
14 years$8,737$7,562$6,524$5,613$4,817$2,368
15 years$8,070$6,908$5,890$5,006$4,241$1,960
16 years$7,487$6,338$5,340$4,482$3,749$1,627
17 years$6,974$5,837$4,860$4,027$3,324$1,353
18 years$6,518$5,393$4,436$3,629$2,955$1,127
19 years$6,110$4,999$4,061$3,279$2,634$940
20 years$5,744$4,645$3,727$2,970$2,353$785
21 years$5,413$4,327$3,428$2,696$2,106$656
22 years$5,112$4,039$3,160$2,451$1,887$549
23 years$4,838$3,777$2,917$2,232$1,694$460
24 years$4,587$3,539$2,698$2,036$1,523$385
25 years$4,357$3,321$2,499$1,859$1,370$323
26 years$4,145$3,121$2,318$1,700$1,234$271
27 years$3,949$2,938$2,152$1,556$1,113$227
28 years$3,767$2,768$2,001$1,426$1,004$191
29 years$3,598$2,611$1,862$1,307$907$160
30 years$3,440$2,466$1,734$1,200$819$134
31 years$3,293$2,331$1,617$1,102$741$113
32 years$3,156$2,206$1,508$1,013$670$95
33 years$3,027$2,089$1,408$931$606$80
34 years$2,905$1,980$1,316$857$549$67
35 years$2,791$1,878$1,230$789$497$56
36 years$2,684$1,782$1,151$726$451$47
37 years$2,583$1,693$1,077$669$408$40
38 years$2,487$1,609$1,009$617$370$33
39 years$2,396$1,530$945$569$336$28
40 years$2,310$1,456$886$525$304$23
41 years$2,229$1,386$831$484$276$20
42 years$2,152$1,320$779$447$251$17
43 years$2,078$1,257$731$412$227$14
44 years$2,008$1,198$686$381$206$12
45 years$1,941$1,143$644$352$187$10
46 years$1,878$1,090$605$325$170$8
47 years$1,817$1,040$569$300$155$7
48 years$1,759$993$534$277$140$6
49 years$1,703$948$502$256$127$5
50 years$1,650$906$472$237$116$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,690,000, adding $4,683 every year, while hoping to spend $54,876 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: 59/16/25 Blend
52$1,690,000$1,690,000$1,690,000$1,690,000
53$1,867,211$1,777,641$1,751,446$1,964,543
54$1,999,278$1,806,357$1,751,731$2,060,134
55$2,142,978$1,834,642$1,750,187$2,158,053
56$2,299,438$1,862,415$1,746,695$2,263,684
57$2,469,899$1,889,593$1,741,128$2,377,788
58$2,655,730$1,916,083$1,733,356$2,501,203
59$2,858,433$1,941,790$1,723,242$2,634,857
60$3,079,663$1,966,608$1,710,642$2,779,771
61$3,321,244$1,990,427$1,695,403$2,937,072
62$3,585,181$2,013,129$1,677,370$3,108,004
63$3,873,683$2,034,585$1,656,375$3,293,938
64$4,189,180$2,054,661$1,632,245$3,496,389
65$4,534,350$2,073,213$1,604,799$3,717,026
66$4,912,141$2,090,087$1,573,846$3,957,690
67$5,325,797$2,105,120$1,539,188$4,220,413
68$5,778,894$2,118,136$1,500,617$4,507,437
69$6,275,368$2,128,952$1,457,914$4,821,233
70$6,819,553$2,137,368$1,410,852$5,164,528
71$7,416,225$2,143,176$1,359,192$5,540,330
72$8,070,640$2,146,152$1,302,686$5,951,956
73$8,788,592$2,146,060$1,241,072$6,403,064
74$9,576,460$2,142,648$1,174,079$6,897,691
75$10,441,270$2,135,649$1,101,422$7,440,287
76$11,390,763$2,124,780$1,022,803$8,035,761
77$12,433,465$2,109,739$937,912$8,689,525
78$13,578,770$2,090,207$846,423$9,407,549
79$14,837,024$2,065,847$747,998$10,196,417
80$16,219,627$2,036,300$642,282$11,063,389
81$17,739,135$2,001,185$528,905$12,016,471
82$19,409,385$1,960,101$407,481$13,064,490
83$21,245,617$1,912,620$277,607$14,217,180
84$23,264,623$1,858,292$138,860$15,485,276
85$25,484,905$1,796,639$0$16,880,613
86$27,926,845$1,727,154$0$18,418,696
87$30,612,901$1,649,302$0$20,151,146
88$33,567,816$1,562,518$0$22,056,876
89$36,818,854$1,466,201$0$24,153,509
90$40,396,052$1,359,720$0$26,460,469
91$44,332,506$1,242,403$0$28,999,160
92$48,664,685$1,113,544$0$31,793,174
93$53,432,769$972,394$0$34,868,509
94$58,681,033$818,163$0$38,253,817
95$64,458,261$650,015$0$41,980,676
96$70,818,206$467,069$0$46,083,885
97$77,820,100$268,392$0$50,601,799
98$85,529,208$53,000$0$55,576,686
99$94,017,445$0$0$61,055,127
100$103,364,057$0$0$67,120,178