Can I retire at age 53 with 1,720,000?

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 $1,720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$142,036$140,771$139,536$138,332$137,155$131,713
2 years$70,315$69,005$67,736$66,506$65,312$59,897
3 years$46,411$45,096$43,830$42,611$41,437$36,219
4 years$34,461$33,150$31,897$30,699$29,553$24,572
5 years$27,293$25,990$24,753$23,580$22,466$17,734
6 years$22,516$21,223$20,004$18,857$17,776$13,298
7 years$19,106$17,823$16,624$15,503$14,457$10,229
8 years$16,549$15,278$14,098$13,005$11,993$8,013
9 years$14,561$13,302$12,143$11,078$10,100$6,360
10 years$12,972$11,725$10,586$9,549$8,606$5,099
11 years$11,672$10,438$9,320$8,310$7,401$4,120
12 years$10,590$9,369$8,271$7,289$6,414$3,349
13 years$9,675$8,466$7,390$6,435$5,593$2,735
14 years$8,892$7,696$6,640$5,713$4,903$2,242
15 years$8,213$7,030$5,995$5,095$4,317$1,844
16 years$7,620$6,450$5,435$4,562$3,815$1,520
17 years$7,098$5,940$4,946$4,099$3,383$1,256
18 years$6,633$5,489$4,515$3,694$3,008$1,039
19 years$6,219$5,087$4,133$3,338$2,681$861
20 years$5,846$4,727$3,793$3,023$2,395$714
21 years$5,509$4,403$3,489$2,743$2,143$593
22 years$5,203$4,110$3,216$2,494$1,921$493
23 years$4,924$3,844$2,969$2,272$1,724$410
24 years$4,669$3,602$2,746$2,072$1,550$341
25 years$4,434$3,380$2,543$1,892$1,395$284
26 years$4,218$3,177$2,359$1,730$1,256$236
27 years$4,019$2,990$2,190$1,584$1,133$197
28 years$3,834$2,817$2,036$1,451$1,022$164
29 years$3,661$2,658$1,895$1,331$923$136
30 years$3,501$2,510$1,765$1,221$834$114
31 years$3,352$2,373$1,645$1,121$754$95
32 years$3,212$2,245$1,535$1,031$682$79
33 years$3,080$2,126$1,433$948$617$66
34 years$2,957$2,015$1,339$872$559$55
35 years$2,841$1,911$1,252$803$506$46
36 years$2,732$1,814$1,171$739$459$38
37 years$2,629$1,723$1,096$681$416$32
38 years$2,531$1,637$1,027$628$377$27
39 years$2,439$1,557$962$579$342$22
40 years$2,352$1,481$902$534$310$18
41 years$2,269$1,410$845$493$281$15
42 years$2,190$1,343$793$455$255$13
43 years$2,115$1,280$744$420$232$11
44 years$2,044$1,220$699$388$210$9
45 years$1,976$1,163$656$358$191$7
46 years$1,911$1,110$616$331$173$6
47 years$1,849$1,059$579$305$157$5
48 years$1,790$1,011$544$282$143$4
49 years$1,733$965$511$261$130$4
50 years$1,679$922$481$241$118$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,720,000, adding $5,371 every year, while hoping to spend $30,834 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: 59/30/11 Blend
52$1,720,000$1,720,000$1,720,000$1,720,000
53$1,900,980$1,809,820$1,783,160$2,007,813
54$2,062,073$1,865,694$1,810,089$2,136,210
55$2,238,564$1,923,273$1,836,886$2,272,209
56$2,431,991$1,982,607$1,863,515$2,419,754
57$2,644,048$2,043,748$1,889,937$2,579,961
58$2,876,600$2,106,752$1,916,110$2,754,054
59$3,131,704$2,171,672$1,941,989$2,943,381
60$3,411,620$2,238,567$1,967,529$3,149,428
61$3,718,844$2,307,495$1,992,679$3,373,827
62$4,056,120$2,378,517$2,017,388$3,618,377
63$4,426,474$2,451,694$2,041,601$3,885,060
64$4,833,238$2,527,090$2,065,258$4,176,054
65$5,280,083$2,604,772$2,088,299$4,493,760
66$5,771,052$2,684,807$2,110,657$4,840,821
67$6,310,601$2,767,264$2,132,266$5,220,149
68$6,903,637$2,852,215$2,153,052$5,634,947
69$7,555,568$2,939,733$2,172,938$6,088,748
70$8,272,350$3,029,894$2,191,846$6,585,437
71$9,060,546$3,122,775$2,209,689$7,129,298
72$9,927,387$3,218,457$2,226,380$7,725,047
73$10,880,840$3,317,021$2,241,823$8,377,879
74$11,929,683$3,418,552$2,255,921$9,093,517
75$13,083,586$3,523,136$2,268,569$9,878,263
76$14,353,204$3,630,862$2,279,659$10,739,061
77$15,750,280$3,741,823$2,289,076$11,683,562
78$17,287,748$3,856,112$2,296,700$12,720,192
79$18,979,862$3,973,826$2,302,403$13,858,235
80$20,842,328$4,095,063$2,306,054$15,107,918
81$22,892,451$4,219,927$2,307,512$16,480,509
82$25,149,299$4,348,521$2,306,632$17,988,423
83$27,633,883$4,480,954$2,303,259$19,645,336
84$30,369,354$4,617,336$2,297,234$21,466,319
85$33,381,223$4,757,780$2,288,386$23,467,973
86$36,697,599$4,902,403$2,276,538$25,668,593
87$40,349,458$5,051,324$2,261,506$28,088,334
88$44,370,931$5,204,667$2,243,094$30,749,405
89$48,799,627$5,362,557$2,221,100$33,676,276
90$53,676,991$5,525,124$2,195,308$36,895,908
91$59,048,689$5,692,500$2,165,496$40,438,011
92$64,965,045$5,864,823$2,131,430$44,335,320
93$71,481,511$6,042,230$2,092,864$48,623,906
94$78,659,193$6,224,867$2,049,543$53,343,514
95$86,565,425$6,412,880$2,001,197$58,537,940
96$95,274,407$6,606,420$1,947,546$64,255,443
97$104,867,903$6,805,641$1,888,295$70,549,200
98$115,436,015$7,010,703$1,823,138$77,477,809
99$127,078,028$7,221,768$1,751,754$85,105,838
100$139,903,355$7,439,002$1,673,805$93,504,438