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%19.5%
1 years$139,559$138,316$137,103$135,919$134,763$129,621
2 years$69,088$67,802$66,555$65,346$64,173$59,053
3 years$45,601$44,309$43,065$41,868$40,714$35,777
4 years$33,860$32,572$31,341$30,163$29,037$24,321
5 years$26,817$25,537$24,322$23,168$22,074$17,591
6 years$22,124$20,853$19,655$18,528$17,466$13,219
7 years$18,772$17,512$16,334$15,233$14,205$10,192
8 years$16,260$15,011$13,852$12,778$11,784$8,002
9 years$14,307$13,070$11,931$10,884$9,924$6,368
10 years$12,745$11,520$10,402$9,382$8,456$5,118
11 years$11,469$10,256$9,157$8,166$7,272$4,146
12 years$10,405$9,205$8,127$7,162$6,302$3,379
13 years$9,507$8,319$7,261$6,323$5,495$2,767
14 years$8,737$7,562$6,524$5,613$4,817$2,275
15 years$8,070$6,908$5,890$5,006$4,241$1,876
16 years$7,487$6,338$5,340$4,482$3,749$1,551
17 years$6,974$5,837$4,860$4,027$3,324$1,285
18 years$6,518$5,393$4,436$3,629$2,955$1,067
19 years$6,110$4,999$4,061$3,279$2,634$887
20 years$5,744$4,645$3,727$2,970$2,353$738
21 years$5,413$4,327$3,428$2,696$2,106$614
22 years$5,112$4,039$3,160$2,451$1,887$512
23 years$4,838$3,777$2,917$2,232$1,694$427
24 years$4,587$3,539$2,698$2,036$1,523$356
25 years$4,357$3,321$2,499$1,859$1,370$298
26 years$4,145$3,121$2,318$1,700$1,234$249
27 years$3,949$2,938$2,152$1,556$1,113$208
28 years$3,767$2,768$2,001$1,426$1,004$174
29 years$3,598$2,611$1,862$1,307$907$145
30 years$3,440$2,466$1,734$1,200$819$121
31 years$3,293$2,331$1,617$1,102$741$101
32 years$3,156$2,206$1,508$1,013$670$85
33 years$3,027$2,089$1,408$931$606$71
34 years$2,905$1,980$1,316$857$549$59
35 years$2,791$1,878$1,230$789$497$50
36 years$2,684$1,782$1,151$726$451$42
37 years$2,583$1,693$1,077$669$408$35
38 years$2,487$1,609$1,009$617$370$29
39 years$2,396$1,530$945$569$336$24
40 years$2,310$1,456$886$525$304$20
41 years$2,229$1,386$831$484$276$17
42 years$2,152$1,320$779$447$251$14
43 years$2,078$1,257$731$412$227$12
44 years$2,008$1,198$686$381$206$10
45 years$1,941$1,143$644$352$187$8
46 years$1,878$1,090$605$325$170$7
47 years$1,817$1,040$569$300$155$6
48 years$1,759$993$534$277$140$5
49 years$1,703$948$502$256$127$4
50 years$1,650$906$472$237$116$3

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 $3,331 every year, while hoping to spend $38,505 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: 31/47/22 Blend
52$1,690,000$1,690,000$1,690,000$1,690,000
53$1,865,816$1,776,246$1,750,051$1,910,839
54$2,015,160$1,822,313$1,767,709$1,991,339
55$2,178,447$1,869,347$1,784,667$2,074,246
56$2,357,058$1,917,354$1,800,863$2,162,697
57$2,552,514$1,966,341$1,816,228$2,257,199
58$2,766,490$2,016,311$1,830,691$2,358,311
59$3,000,831$2,067,269$1,844,178$2,466,647
60$3,257,567$2,119,217$1,856,610$2,582,886
61$3,538,937$2,172,156$1,867,904$2,707,772
62$3,847,402$2,226,086$1,877,973$2,842,128
63$4,185,677$2,281,004$1,886,725$2,986,858
64$4,556,750$2,336,907$1,894,064$3,142,960
65$4,963,913$2,393,790$1,899,889$3,311,534
66$5,410,791$2,451,644$1,904,095$3,493,789
67$5,901,378$2,510,461$1,906,568$3,691,061
68$6,440,074$2,570,229$1,907,194$3,904,819
69$7,031,725$2,630,934$1,905,848$4,136,686
70$7,681,669$2,692,557$1,902,402$4,388,446
71$8,395,787$2,755,081$1,896,720$4,662,069
72$9,180,559$2,818,482$1,888,662$4,959,724
73$10,043,123$2,882,734$1,878,079$5,283,805
74$10,991,341$2,947,808$1,864,815$5,636,947
75$12,033,879$3,013,671$1,848,707$6,022,058
76$13,180,280$3,080,286$1,829,583$6,442,340
77$14,441,060$3,147,612$1,807,267$6,901,326
78$15,827,807$3,215,603$1,781,568$7,402,908
79$17,353,285$3,284,210$1,752,293$7,951,379
80$19,031,559$3,353,375$1,719,234$8,551,469
81$20,878,127$3,423,040$1,682,177$9,208,394
82$22,910,064$3,493,136$1,640,898$9,927,903
83$25,146,182$3,563,592$1,595,160$10,716,334
84$27,607,213$3,634,328$1,544,718$11,580,674
85$30,315,996$3,705,258$1,489,313$12,528,625
86$33,297,700$3,776,288$1,428,678$13,568,677
87$36,580,056$3,847,317$1,362,529$14,710,190
88$40,193,621$3,918,235$1,290,573$15,963,483
89$44,172,066$3,988,923$1,212,502$17,339,930
90$48,552,490$4,059,254$1,127,995$18,852,068
91$53,375,777$4,129,090$1,036,715$20,513,721
92$58,686,973$4,198,282$938,312$22,340,124
93$64,535,717$4,266,671$832,419$24,348,073
94$70,976,707$4,334,085$718,652$26,556,082
95$78,070,217$4,400,341$596,612$28,984,561
96$85,882,662$4,465,240$465,881$31,656,007
97$94,487,228$4,528,572$326,023$34,595,218
98$103,964,563$4,590,110$176,583$37,829,531
99$114,403,535$4,649,612$17,085$41,389,077
100$125,902,072$4,706,819$0$45,307,070