Can I retire at age 53 with 1,700,000?

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 $1,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$140,384$139,134$137,914$136,723$135,560$134,089
2 years$69,497$68,203$66,949$65,732$64,553$63,071
3 years$45,871$44,571$43,320$42,115$40,955$39,509
4 years$34,061$32,765$31,526$30,342$29,209$27,811
5 years$26,976$25,688$24,465$23,305$22,204$20,857
6 years$22,255$20,976$19,772$18,637$17,570$16,275
7 years$18,883$17,616$16,430$15,323$14,289$13,047
8 years$16,356$15,100$13,934$12,854$11,854$10,666
9 years$14,392$13,147$12,002$10,949$9,983$8,847
10 years$12,821$11,589$10,463$9,438$8,506$7,422
11 years$11,537$10,317$9,212$8,214$7,315$6,283
12 years$10,467$9,260$8,175$7,205$6,339$5,357
13 years$9,563$8,368$7,304$6,361$5,528$4,594
14 years$8,788$7,606$6,563$5,646$4,846$3,960
15 years$8,118$6,949$5,925$5,035$4,267$3,427
16 years$7,532$6,375$5,372$4,509$3,771$2,976
17 years$7,015$5,871$4,888$4,051$3,343$2,592
18 years$6,556$5,425$4,462$3,651$2,973$2,263
19 years$6,146$5,028$4,085$3,299$2,650$1,980
20 years$5,778$4,672$3,749$2,988$2,367$1,736
21 years$5,445$4,352$3,448$2,712$2,118$1,524
22 years$5,142$4,063$3,178$2,465$1,899$1,340
23 years$4,867$3,800$2,935$2,245$1,704$1,179
24 years$4,615$3,560$2,714$2,048$1,532$1,039
25 years$4,383$3,341$2,514$1,870$1,378$917
26 years$4,169$3,140$2,331$1,710$1,242$809
27 years$3,972$2,955$2,165$1,565$1,119$715
28 years$3,789$2,784$2,013$1,434$1,010$632
29 years$3,619$2,627$1,873$1,315$912$559
30 years$3,460$2,481$1,744$1,207$824$494
31 years$3,313$2,345$1,626$1,108$745$438
32 years$3,174$2,219$1,517$1,019$674$388
33 years$3,044$2,101$1,417$937$610$343
34 years$2,923$1,992$1,324$862$552$304
35 years$2,808$1,889$1,238$793$500$270
36 years$2,700$1,793$1,158$731$453$239
37 years$2,598$1,703$1,084$673$411$212
38 years$2,502$1,618$1,015$621$372$188
39 years$2,411$1,539$951$572$338$167
40 years$2,324$1,464$891$528$306$148
41 years$2,242$1,394$836$487$278$131
42 years$2,164$1,327$784$449$252$116
43 years$2,090$1,265$736$415$229$103
44 years$2,020$1,206$690$383$208$92
45 years$1,953$1,150$648$354$189$81
46 years$1,889$1,097$609$327$171$72
47 years$1,828$1,047$572$302$155$64
48 years$1,769$999$538$279$141$57
49 years$1,713$954$505$258$128$51
50 years$1,660$911$475$238$116$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,700,000, adding $2,268 every year, while hoping to spend $52,080 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: 54/40/6 Blend
52$1,700,000$1,700,000$1,700,000$1,700,000
53$1,875,739$1,785,639$1,759,289$1,974,383
54$2,011,652$1,817,723$1,762,813$2,073,372
55$2,159,682$1,849,633$1,764,709$2,175,103
56$2,321,011$1,881,307$1,764,868$2,284,545
57$2,496,939$1,912,675$1,763,175$2,402,435
58$2,688,895$1,943,664$1,759,510$2,529,587
59$2,898,454$1,974,196$1,753,746$2,666,897
60$3,127,351$2,004,186$1,745,750$2,815,353
61$3,377,492$2,033,542$1,735,385$2,976,044
62$3,650,979$2,062,169$1,722,503$3,150,169
63$3,950,125$2,089,961$1,706,952$3,339,054
64$4,277,476$2,116,807$1,688,574$3,544,156
65$4,635,837$2,142,589$1,667,199$3,767,084
66$5,028,295$2,167,179$1,642,653$4,009,612
67$5,458,251$2,190,441$1,614,752$4,273,696
68$5,929,451$2,212,231$1,583,305$4,561,491
69$6,446,019$2,232,394$1,548,109$4,875,374
70$7,012,497$2,250,765$1,508,955$5,217,968
71$7,633,888$2,267,170$1,465,622$5,592,162
72$8,315,705$2,281,421$1,417,880$6,001,143
73$9,064,016$2,293,320$1,365,488$6,448,426
74$9,885,508$2,302,655$1,308,195$6,937,886
75$10,787,547$2,309,202$1,245,737$7,473,794
76$11,778,247$2,312,722$1,177,838$8,060,863
77$12,866,543$2,312,962$1,104,211$8,704,286
78$14,062,285$2,309,650$1,024,556$9,409,792
79$15,376,317$2,302,503$938,558$10,183,696
80$16,820,591$2,291,215$845,889$11,032,962
81$18,408,271$2,275,464$746,206$11,965,268
82$20,153,861$2,254,909$639,151$12,989,080
83$22,073,342$2,229,187$524,350$14,113,732
84$24,184,320$2,197,913$401,413$15,349,517
85$26,506,192$2,160,682$269,931$16,707,780
86$29,060,329$2,117,061$129,479$18,201,033
87$31,870,279$2,066,594$0$19,843,070
88$34,961,987$2,008,796$0$21,650,405
89$38,364,038$1,943,156$0$23,647,428
90$42,107,930$1,869,131$0$25,844,359
91$46,228,369$1,786,148$0$28,261,608
92$50,763,593$1,693,599$0$30,921,676
93$55,755,737$1,590,844$0$33,849,369
94$61,251,230$1,477,203$0$37,072,029
95$67,301,228$1,351,958$0$40,619,797
96$73,962,100$1,214,351$0$44,525,900
97$81,295,959$1,063,579$0$48,826,964
98$89,371,249$898,797$0$53,563,362
99$98,263,386$719,107$0$58,779,598
100$108,055,474$523,566$0$64,524,727