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 $6,802 every year, while hoping to spend $46,426 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: 36/49/15 Blend
52$1,710,000$1,710,000$1,710,000$1,710,000
53$1,891,436$1,800,806$1,774,301$1,950,603
54$2,034,966$1,839,649$1,784,343$2,032,776
55$2,191,579$1,878,839$1,793,166$2,116,521
56$2,362,563$1,918,344$1,800,679$2,205,930
57$2,549,331$1,958,129$1,806,788$2,301,531
58$2,753,441$1,998,156$1,811,395$2,403,906
59$2,976,609$2,038,383$1,814,394$2,513,699
60$3,220,724$2,078,764$1,815,676$2,631,619
61$3,487,864$2,119,250$1,815,127$2,758,447
62$3,780,318$2,159,786$1,812,627$2,895,045
63$4,100,609$2,200,314$1,808,048$3,042,364
64$4,451,513$2,240,771$1,801,259$3,201,452
65$4,836,087$2,281,088$1,792,121$3,373,467
66$5,257,699$2,321,193$1,780,489$3,559,684
67$5,720,058$2,361,005$1,766,209$3,761,509
68$6,227,249$2,400,439$1,749,121$3,980,495
69$6,783,771$2,439,403$1,729,060$4,218,355
70$7,394,581$2,477,799$1,705,848$4,476,976
71$8,065,138$2,515,521$1,679,304$4,758,441
72$8,801,455$2,552,454$1,649,234$5,065,049
73$9,610,157$2,588,478$1,615,437$5,399,334
74$10,498,542$2,623,463$1,577,703$5,764,091
75$11,474,649$2,657,268$1,535,811$6,162,404
76$12,547,334$2,689,745$1,489,532$6,597,675
77$13,726,355$2,720,736$1,438,624$7,073,656
78$15,022,460$2,750,069$1,382,835$7,594,485
79$16,447,493$2,777,564$1,321,902$8,164,726
80$18,014,500$2,803,028$1,255,549$8,789,413
81$19,737,857$2,826,254$1,183,488$9,474,100
82$21,633,402$2,847,024$1,105,418$10,224,910
83$23,718,584$2,865,103$1,021,025$11,048,597
84$26,012,630$2,880,244$929,979$11,952,611
85$28,536,723$2,892,181$831,939$12,945,165
86$31,314,205$2,900,633$726,544$14,035,321
87$34,370,791$2,905,301$613,421$15,233,068
88$37,734,819$2,905,868$492,178$16,549,426
89$41,437,511$2,901,997$362,406$17,996,544
90$45,513,271$2,893,328$223,681$19,587,821
91$50,000,006$2,879,483$75,556$21,338,031
92$54,939,486$2,860,057$0$23,263,467
93$60,377,737$2,834,623$0$25,395,299
94$66,365,474$2,802,727$0$27,753,894
95$72,958,580$2,763,888$0$30,349,067
96$80,218,633$2,717,596$0$33,204,985
97$88,213,487$2,663,312$0$36,348,290
98$97,017,912$2,600,464$0$39,808,350
99$106,714,298$2,528,445$0$43,617,538
100$117,393,432$2,446,615$0$47,811,542