Can I retire at age 53 with 1,710,000?

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 $1,710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$141,210$139,952$138,725$137,527$136,358$130,999
2 years$69,906$68,604$67,342$66,119$64,932$59,599
3 years$46,141$44,834$43,575$42,363$41,196$36,056
4 years$34,261$32,957$31,711$30,520$29,381$24,474
5 years$27,135$25,839$24,609$23,442$22,335$17,673
6 years$22,385$21,099$19,888$18,747$17,673$13,259
7 years$18,994$17,719$16,527$15,413$14,373$10,205
8 years$16,452$15,189$14,016$12,930$11,924$7,999
9 years$14,476$13,225$12,072$11,013$10,041$6,353
10 years$12,896$11,657$10,525$9,493$8,556$5,097
11 years$11,604$10,377$9,266$8,262$7,358$4,120
12 years$10,529$9,314$8,223$7,247$6,377$3,351
13 years$9,619$8,417$7,347$6,398$5,560$2,739
14 years$8,840$7,651$6,601$5,679$4,874$2,247
15 years$8,166$6,989$5,960$5,065$4,292$1,849
16 years$7,576$6,413$5,404$4,535$3,793$1,526
17 years$7,056$5,906$4,917$4,075$3,363$1,261
18 years$6,595$5,457$4,489$3,672$2,990$1,044
19 years$6,182$5,058$4,109$3,318$2,665$866
20 years$5,812$4,700$3,771$3,005$2,381$719
21 years$5,477$4,378$3,469$2,727$2,131$597
22 years$5,173$4,086$3,197$2,480$1,910$497
23 years$4,895$3,822$2,952$2,258$1,714$413
24 years$4,642$3,581$2,730$2,060$1,541$344
25 years$4,409$3,361$2,529$1,881$1,386$287
26 years$4,194$3,158$2,345$1,720$1,249$239
27 years$3,995$2,972$2,178$1,574$1,126$199
28 years$3,811$2,801$2,024$1,443$1,016$166
29 years$3,640$2,642$1,884$1,323$917$138
30 years$3,481$2,495$1,755$1,214$829$115
31 years$3,332$2,359$1,636$1,115$749$96
32 years$3,193$2,232$1,526$1,025$678$80
33 years$3,062$2,114$1,425$942$614$67
34 years$2,940$2,003$1,332$867$555$56
35 years$2,825$1,900$1,245$798$503$47
36 years$2,716$1,804$1,165$735$456$39
37 years$2,613$1,713$1,090$677$413$32
38 years$2,516$1,628$1,021$624$375$27
39 years$2,425$1,548$956$576$340$23
40 years$2,338$1,473$896$531$308$19
41 years$2,255$1,402$841$490$280$16
42 years$2,177$1,335$788$452$254$13
43 years$2,103$1,272$740$417$230$11
44 years$2,032$1,213$694$385$209$9
45 years$1,964$1,156$652$356$190$8
46 years$1,900$1,103$612$329$172$6
47 years$1,838$1,053$575$304$156$5
48 years$1,780$1,005$541$281$142$4
49 years$1,723$960$508$259$129$4
50 years$1,670$917$478$240$117$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,710,000, adding $5,987 every year, while hoping to spend $55,138 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: 46/24/30 Blend
52$1,710,000$1,710,000$1,710,000$1,710,000
53$1,890,596$1,799,966$1,773,461$1,960,977
54$2,024,770$1,829,497$1,774,205$2,041,115
55$2,170,782$1,858,628$1,773,127$2,122,258
56$2,329,781$1,887,281$1,770,106$2,209,266
57$2,503,032$1,915,371$1,765,017$2,302,720
58$2,691,926$1,942,809$1,757,730$2,403,262
59$2,897,996$1,969,499$1,748,107$2,511,602
60$3,122,926$1,995,340$1,736,004$2,628,525
61$3,368,574$2,020,220$1,721,269$2,754,897
62$3,636,981$2,044,024$1,703,744$2,891,675
63$3,930,398$2,066,626$1,683,264$3,039,917
64$4,251,300$2,087,892$1,659,655$3,200,791
65$4,602,414$2,107,680$1,632,735$3,375,586
66$4,986,742$2,125,839$1,602,314$3,565,728
67$5,407,591$2,142,206$1,568,193$3,772,790
68$5,868,601$2,156,609$1,530,162$3,998,510
69$6,373,780$2,168,865$1,488,005$4,244,807
70$6,927,546$2,178,780$1,441,493$4,513,799
71$7,534,760$2,186,145$1,390,388$4,807,826
72$8,200,779$2,190,739$1,334,440$5,129,469
73$8,931,503$2,192,330$1,273,387$5,481,581
74$9,733,429$2,190,666$1,206,959$5,867,307
75$10,613,715$2,185,486$1,134,868$6,290,122
76$11,580,246$2,176,506$1,056,818$6,753,859
77$12,641,707$2,163,431$972,498$7,262,751
78$13,807,665$2,145,944$881,581$7,821,466
79$15,088,662$2,123,709$783,728$8,435,160
80$16,496,307$2,096,373$678,585$9,109,517
81$18,043,393$2,063,558$565,780$9,850,814
82$19,744,012$2,024,865$444,927$10,665,973
83$21,613,691$1,979,873$315,621$11,562,635
84$23,669,534$1,928,134$177,441$12,549,227
85$25,930,388$1,869,173$29,947$13,635,046
86$28,417,015$1,802,490$0$14,830,350
87$31,152,293$1,727,555$0$16,187,252
88$34,161,426$1,643,804$0$17,690,316
89$37,472,187$1,550,646$0$19,343,873
90$41,115,173$1,447,450$0$21,163,275
91$45,124,099$1,333,555$0$23,165,443
92$49,536,115$1,208,256$0$25,369,032
93$54,392,151$1,070,813$0$27,794,602
94$59,737,308$920,440$0$30,464,816
95$65,621,281$756,310$0$33,404,656
96$72,098,829$577,546$0$36,641,659
97$79,230,288$383,225$0$40,206,175
98$87,082,144$172,369$0$44,131,661
99$95,727,655$0$0$48,454,991
100$105,247,548$0$0$53,231,613