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

Use the below retirement simulation to view the chances of a successful retirement.
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%19.7%
1 years$141,210$139,952$138,725$137,527$136,358$131,051
2 years$69,906$68,604$67,342$66,119$64,932$59,650
3 years$46,141$44,834$43,575$42,363$41,196$36,104
4 years$34,261$32,957$31,711$30,520$29,381$24,519
5 years$27,135$25,839$24,609$23,442$22,335$17,715
6 years$22,385$21,099$19,888$18,747$17,673$13,298
7 years$18,994$17,719$16,527$15,413$14,373$10,241
8 years$16,452$15,189$14,016$12,930$11,924$8,031
9 years$14,476$13,225$12,072$11,013$10,041$6,383
10 years$12,896$11,657$10,525$9,493$8,556$5,124
11 years$11,604$10,377$9,266$8,262$7,358$4,145
12 years$10,529$9,314$8,223$7,247$6,377$3,374
13 years$9,619$8,417$7,347$6,398$5,560$2,759
14 years$8,840$7,651$6,601$5,679$4,874$2,265
15 years$8,166$6,989$5,960$5,065$4,292$1,865
16 years$7,576$6,413$5,404$4,535$3,793$1,540
17 years$7,056$5,906$4,917$4,075$3,363$1,274
18 years$6,595$5,457$4,489$3,672$2,990$1,056
19 years$6,182$5,058$4,109$3,318$2,665$876
20 years$5,812$4,700$3,771$3,005$2,381$728
21 years$5,477$4,378$3,469$2,727$2,131$605
22 years$5,173$4,086$3,197$2,480$1,910$504
23 years$4,895$3,822$2,952$2,258$1,714$420
24 years$4,642$3,581$2,730$2,060$1,541$350
25 years$4,409$3,361$2,529$1,881$1,386$291
26 years$4,194$3,158$2,345$1,720$1,249$243
27 years$3,995$2,972$2,178$1,574$1,126$203
28 years$3,811$2,801$2,024$1,443$1,016$169
29 years$3,640$2,642$1,884$1,323$917$141
30 years$3,481$2,495$1,755$1,214$829$118
31 years$3,332$2,359$1,636$1,115$749$98
32 years$3,193$2,232$1,526$1,025$678$82
33 years$3,062$2,114$1,425$942$614$69
34 years$2,940$2,003$1,332$867$555$57
35 years$2,825$1,900$1,245$798$503$48
36 years$2,716$1,804$1,165$735$456$40
37 years$2,613$1,713$1,090$677$413$33
38 years$2,516$1,628$1,021$624$375$28
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$14
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$7
47 years$1,838$1,053$575$304$156$6
48 years$1,780$1,005$541$281$142$5
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 $3,621 every year, while hoping to spend $48,814 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: 49/46/5 Blend
52$1,710,000$1,710,000$1,710,000$1,710,000
53$1,888,155$1,797,525$1,771,020$1,978,184
54$2,028,809$1,833,666$1,778,412$2,076,087
55$2,182,174$1,869,942$1,784,415$2,176,837
56$2,349,494$1,906,308$1,788,931$2,285,093
57$2,532,141$1,942,715$1,791,858$2,401,566
58$2,731,621$1,979,110$1,793,088$2,527,041
59$2,949,597$2,015,437$1,792,507$2,662,380
60$3,187,896$2,051,633$1,789,995$2,808,535
61$3,448,530$2,087,632$1,785,429$2,966,553
62$3,733,717$2,123,363$1,778,678$3,137,592
63$4,045,896$2,158,747$1,769,603$3,322,923
64$4,387,754$2,193,702$1,758,061$3,523,951
65$4,762,251$2,228,140$1,743,902$3,742,223
66$5,172,645$2,261,963$1,726,968$3,979,445
67$5,622,526$2,295,071$1,707,092$4,237,496
68$6,115,846$2,327,352$1,684,103$4,518,449
69$6,656,959$2,358,689$1,657,817$4,824,590
70$7,250,661$2,388,956$1,628,046$5,158,438
71$7,902,233$2,418,020$1,594,590$5,522,768
72$8,617,493$2,445,736$1,557,241$5,920,644
73$9,402,851$2,471,950$1,515,783$6,355,441
74$10,265,366$2,496,500$1,469,986$6,830,881
75$11,212,816$2,519,211$1,419,612$7,351,066
76$12,253,768$2,539,897$1,364,414$7,920,521
77$13,397,659$2,558,359$1,304,129$8,544,234
78$14,654,889$2,574,387$1,238,486$9,227,703
79$16,036,913$2,587,757$1,167,200$9,976,991
80$17,556,350$2,598,230$1,089,974$10,798,783
81$19,227,106$2,605,551$1,006,496$11,700,449
82$21,064,499$2,609,451$916,442$12,690,113
83$23,085,408$2,609,644$819,472$13,776,735
84$25,308,427$2,605,824$715,232$14,970,189
85$27,754,046$2,597,669$603,352$16,281,366
86$30,444,839$2,584,836$483,445$17,722,269
87$33,405,680$2,566,959$355,107$19,306,133
88$36,663,973$2,543,655$217,917$21,047,550
89$40,249,916$2,514,511$71,436$22,962,604
90$44,196,782$2,479,096$0$25,069,029
91$48,541,230$2,436,949$0$27,390,904
92$53,323,659$2,387,582$0$29,949,614
93$58,588,578$2,330,480$0$32,765,131
94$64,385,035$2,265,096$0$35,863,675
95$70,767,075$2,190,851$0$39,274,150
96$77,794,247$2,107,134$0$43,028,417
97$85,532,173$2,013,296$0$47,161,597
98$94,053,158$1,908,651$0$51,712,403
99$103,436,880$1,792,475$0$56,723,510
100$113,771,137$1,664,001$0$62,241,956