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%12.9%
1 years$140,384$139,134$137,914$136,723$135,560$133,922
2 years$69,497$68,203$66,949$65,732$64,553$62,904
3 years$45,871$44,571$43,320$42,115$40,955$39,347
4 years$34,061$32,765$31,526$30,342$29,209$27,654
5 years$26,976$25,688$24,465$23,305$22,204$20,707
6 years$22,255$20,976$19,772$18,637$17,570$16,132
7 years$18,883$17,616$16,430$15,323$14,289$12,911
8 years$16,356$15,100$13,934$12,854$11,854$10,536
9 years$14,392$13,147$12,002$10,949$9,983$8,724
10 years$12,821$11,589$10,463$9,438$8,506$7,306
11 years$11,537$10,317$9,212$8,214$7,315$6,173
12 years$10,467$9,260$8,175$7,205$6,339$5,253
13 years$9,563$8,368$7,304$6,361$5,528$4,497
14 years$8,788$7,606$6,563$5,646$4,846$3,868
15 years$8,118$6,949$5,925$5,035$4,267$3,340
16 years$7,532$6,375$5,372$4,509$3,771$2,895
17 years$7,015$5,871$4,888$4,051$3,343$2,516
18 years$6,556$5,425$4,462$3,651$2,973$2,192
19 years$6,146$5,028$4,085$3,299$2,650$1,914
20 years$5,778$4,672$3,749$2,988$2,367$1,674
21 years$5,445$4,352$3,448$2,712$2,118$1,466
22 years$5,142$4,063$3,178$2,465$1,899$1,286
23 years$4,867$3,800$2,935$2,245$1,704$1,130
24 years$4,615$3,560$2,714$2,048$1,532$993
25 years$4,383$3,341$2,514$1,870$1,378$874
26 years$4,169$3,140$2,331$1,710$1,242$770
27 years$3,972$2,955$2,165$1,565$1,119$678
28 years$3,789$2,784$2,013$1,434$1,010$598
29 years$3,619$2,627$1,873$1,315$912$528
30 years$3,460$2,481$1,744$1,207$824$466
31 years$3,313$2,345$1,626$1,108$745$411
32 years$3,174$2,219$1,517$1,019$674$363
33 years$3,044$2,101$1,417$937$610$321
34 years$2,923$1,992$1,324$862$552$284
35 years$2,808$1,889$1,238$793$500$251
36 years$2,700$1,793$1,158$731$453$222
37 years$2,598$1,703$1,084$673$411$196
38 years$2,502$1,618$1,015$621$372$174
39 years$2,411$1,539$951$572$338$154
40 years$2,324$1,464$891$528$306$136
41 years$2,242$1,394$836$487$278$120
42 years$2,164$1,327$784$449$252$106
43 years$2,090$1,265$736$415$229$94
44 years$2,020$1,206$690$383$208$83
45 years$1,953$1,150$648$354$189$74
46 years$1,889$1,097$609$327$171$65
47 years$1,828$1,047$572$302$155$58
48 years$1,769$999$538$279$141$51
49 years$1,713$954$505$258$128$45
50 years$1,660$911$475$238$116$40

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 $5,873 every year, while hoping to spend $33,056 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: 27/48/25 Blend
52$1,700,000$1,700,000$1,700,000$1,700,000
53$1,879,458$1,789,358$1,763,008$1,915,349
54$2,035,991$1,841,865$1,786,897$1,996,985
55$2,207,383$1,895,837$1,810,479$2,081,316
56$2,395,114$1,951,311$1,833,708$2,171,175
57$2,600,815$2,008,325$1,856,537$2,267,055
58$2,826,282$2,066,916$1,878,914$2,369,496
59$3,073,491$2,127,124$1,900,787$2,479,093
60$3,344,623$2,188,988$1,922,098$2,596,499
61$3,642,075$2,252,550$1,942,789$2,722,432
62$3,968,491$2,317,849$1,962,797$2,857,685
63$4,326,782$2,384,928$1,982,055$3,003,126
64$4,720,153$2,453,829$2,000,494$3,159,714
65$5,152,138$2,524,596$2,018,039$3,328,503
66$5,626,626$2,597,272$2,034,614$3,510,651
67$6,147,906$2,671,901$2,050,137$3,707,436
68$6,720,697$2,748,530$2,064,522$3,920,264
69$7,350,203$2,827,202$2,077,679$4,150,681
70$8,042,155$2,907,966$2,089,512$4,400,393
71$8,802,866$2,990,868$2,099,921$4,671,275
72$9,639,292$3,075,954$2,108,803$4,965,394
73$10,559,098$3,163,274$2,116,045$5,285,027
74$11,570,726$3,252,875$2,121,534$5,632,680
75$12,683,481$3,344,806$2,125,145$6,011,114
76$13,907,612$3,439,117$2,126,753$6,423,371
77$15,254,412$3,535,858$2,126,223$6,872,802
78$16,736,324$3,635,077$2,123,415$7,363,098
79$18,367,060$3,736,827$2,118,180$7,898,326
80$20,161,725$3,841,156$2,110,364$8,482,966
81$22,136,965$3,948,116$2,099,804$9,121,954
82$24,311,119$4,057,758$2,086,332$9,820,730
83$26,704,397$4,170,132$2,069,767$10,585,286
84$29,339,066$4,285,289$2,049,925$11,422,224
85$32,239,661$4,403,279$2,026,609$12,338,820
86$35,433,220$4,524,153$1,999,614$13,343,092
87$38,949,534$4,647,961$1,968,725$14,443,872
88$42,821,428$4,774,753$1,933,719$15,650,896
89$47,085,074$4,904,577$1,894,360$16,974,891
90$51,780,333$5,037,483$1,850,402$18,427,676
91$56,951,124$5,173,516$1,801,588$20,022,277
92$62,645,846$5,312,726$1,747,648$21,773,050
93$68,917,829$5,455,156$1,688,301$23,695,813
94$75,825,841$5,600,852$1,623,252$25,807,997
95$83,434,639$5,749,856$1,552,194$28,128,814
96$91,815,584$5,902,210$1,474,804$30,679,432
97$101,047,309$6,057,954$1,390,745$33,483,184
98$111,216,465$6,217,125$1,299,666$36,565,778
99$122,418,540$6,379,759$1,201,200$39,955,549
100$134,758,752$6,545,889$1,094,962$43,683,722