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%19.8%
1 years$142,036$140,771$139,536$138,332$137,155$131,765
2 years$70,315$69,005$67,736$66,506$65,312$59,948
3 years$46,411$45,096$43,830$42,611$41,437$36,267
4 years$34,461$33,150$31,897$30,699$29,553$24,617
5 years$27,293$25,990$24,753$23,580$22,466$17,776
6 years$22,516$21,223$20,004$18,857$17,776$13,337
7 years$19,106$17,823$16,624$15,503$14,457$10,265
8 years$16,549$15,278$14,098$13,005$11,993$8,045
9 years$14,561$13,302$12,143$11,078$10,100$6,390
10 years$12,972$11,725$10,586$9,549$8,606$5,126
11 years$11,672$10,438$9,320$8,310$7,401$4,144
12 years$10,590$9,369$8,271$7,289$6,414$3,371
13 years$9,675$8,466$7,390$6,435$5,593$2,755
14 years$8,892$7,696$6,640$5,713$4,903$2,260
15 years$8,213$7,030$5,995$5,095$4,317$1,860
16 years$7,620$6,450$5,435$4,562$3,815$1,535
17 years$7,098$5,940$4,946$4,099$3,383$1,269
18 years$6,633$5,489$4,515$3,694$3,008$1,050
19 years$6,219$5,087$4,133$3,338$2,681$871
20 years$5,846$4,727$3,793$3,023$2,395$723
21 years$5,509$4,403$3,489$2,743$2,143$601
22 years$5,203$4,110$3,216$2,494$1,921$500
23 years$4,924$3,844$2,969$2,272$1,724$416
24 years$4,669$3,602$2,746$2,072$1,550$346
25 years$4,434$3,380$2,543$1,892$1,395$288
26 years$4,218$3,177$2,359$1,730$1,256$240
27 years$4,019$2,990$2,190$1,584$1,133$200
28 years$3,834$2,817$2,036$1,451$1,022$167
29 years$3,661$2,658$1,895$1,331$923$139
30 years$3,501$2,510$1,765$1,221$834$116
31 years$3,352$2,373$1,645$1,121$754$97
32 years$3,212$2,245$1,535$1,031$682$81
33 years$3,080$2,126$1,433$948$617$67
34 years$2,957$2,015$1,339$872$559$56
35 years$2,841$1,911$1,252$803$506$47
36 years$2,732$1,814$1,171$739$459$39
37 years$2,629$1,723$1,096$681$416$33
38 years$2,531$1,637$1,027$628$377$27
39 years$2,439$1,557$962$579$342$23
40 years$2,352$1,481$902$534$310$19
41 years$2,269$1,410$845$493$281$16
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$8
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 $3,212 every year, while hoping to spend $25,082 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: 49/21/30 Blend
52$1,720,000$1,720,000$1,720,000$1,720,000
53$1,898,753$1,807,593$1,780,933$1,975,429
54$2,065,739$1,869,478$1,813,907$2,091,564
55$2,248,917$1,933,555$1,847,146$2,214,956
56$2,449,911$1,999,904$1,880,630$2,348,548
57$2,670,513$2,068,610$1,914,342$2,493,319
58$2,912,693$2,139,760$1,948,261$2,650,347
59$3,178,625$2,213,445$1,982,364$2,820,817
60$3,470,699$2,289,759$2,016,628$3,006,035
61$3,791,553$2,368,799$2,051,027$3,207,438
62$4,144,089$2,450,668$2,085,534$3,426,608
63$4,531,506$2,535,471$2,120,120$3,665,286
64$4,957,329$2,623,318$2,154,753$3,925,390
65$5,425,439$2,714,324$2,189,400$4,209,030
66$5,940,115$2,808,606$2,224,025$4,518,533
67$6,506,067$2,906,288$2,258,591$4,856,457
68$7,128,488$3,007,499$2,293,056$5,225,622
69$7,813,099$3,112,371$2,327,379$5,629,133
70$8,566,201$3,221,044$2,361,512$6,070,410
71$9,394,739$3,333,661$2,395,408$6,553,219
72$10,306,364$3,450,371$2,429,016$7,081,709
73$11,309,505$3,571,331$2,462,280$7,660,448
74$12,413,452$3,696,703$2,495,143$8,294,471
75$13,628,437$3,826,656$2,527,544$8,989,322
76$14,965,739$3,961,363$2,559,418$9,751,109
77$16,437,783$4,101,008$2,590,696$10,586,560
78$18,058,259$4,245,780$2,621,307$11,503,088
79$19,842,255$4,395,876$2,651,174$12,508,859
80$21,806,392$4,551,501$2,680,216$13,612,870
81$23,968,989$4,712,870$2,708,348$14,825,032
82$26,350,228$4,880,203$2,735,480$16,156,264
83$28,972,351$5,053,732$2,761,518$17,618,598
84$31,859,864$5,233,698$2,786,362$19,225,290
85$35,039,771$5,420,351$2,809,906$20,990,944
86$38,541,831$5,613,950$2,832,041$22,931,652
87$42,398,832$5,814,769$2,852,649$25,065,143
88$46,646,908$6,023,088$2,871,608$27,410,953
89$51,325,875$6,239,202$2,888,790$29,990,606
90$56,479,608$6,463,416$2,904,057$32,827,819
91$62,156,454$6,696,049$2,917,269$35,948,726
92$68,409,690$6,937,433$2,928,275$39,382,122
93$75,298,024$7,187,913$2,936,918$43,159,734
94$82,886,151$7,447,849$2,943,033$47,316,526
95$91,245,359$7,717,615$2,946,446$51,891,021
96$100,454,209$7,997,601$2,946,975$56,925,669
97$110,599,269$8,288,215$2,944,430$62,467,246
98$121,775,936$8,589,878$2,938,609$68,567,295
99$134,089,331$8,903,032$2,929,303$75,282,613
100$147,655,299$9,228,137$2,916,290$82,675,786