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%18%
1 years$142,036$140,771$139,536$138,332$137,155$132,712
2 years$70,315$69,005$67,736$66,506$65,312$60,877
3 years$46,411$45,096$43,830$42,611$41,437$37,149
4 years$34,461$33,150$31,897$30,699$29,553$25,446
5 years$27,293$25,990$24,753$23,580$22,466$18,550
6 years$22,516$21,223$20,004$18,857$17,776$14,056
7 years$19,106$17,823$16,624$15,503$14,457$10,930
8 years$16,549$15,278$14,098$13,005$11,993$8,659
9 years$14,561$13,302$12,143$11,078$10,100$6,953
10 years$12,972$11,725$10,586$9,549$8,606$5,642
11 years$11,672$10,438$9,320$8,310$7,401$4,615
12 years$10,590$9,369$8,271$7,289$6,414$3,799
13 years$9,675$8,466$7,390$6,435$5,593$3,143
14 years$8,892$7,696$6,640$5,713$4,903$2,612
15 years$8,213$7,030$5,995$5,095$4,317$2,177
16 years$7,620$6,450$5,435$4,562$3,815$1,819
17 years$7,098$5,940$4,946$4,099$3,383$1,524
18 years$6,633$5,489$4,515$3,694$3,008$1,279
19 years$6,219$5,087$4,133$3,338$2,681$1,075
20 years$5,846$4,727$3,793$3,023$2,395$905
21 years$5,509$4,403$3,489$2,743$2,143$763
22 years$5,203$4,110$3,216$2,494$1,921$643
23 years$4,924$3,844$2,969$2,272$1,724$543
24 years$4,669$3,602$2,746$2,072$1,550$458
25 years$4,434$3,380$2,543$1,892$1,395$387
26 years$4,218$3,177$2,359$1,730$1,256$327
27 years$4,019$2,990$2,190$1,584$1,133$277
28 years$3,834$2,817$2,036$1,451$1,022$234
29 years$3,661$2,658$1,895$1,331$923$198
30 years$3,501$2,510$1,765$1,221$834$168
31 years$3,352$2,373$1,645$1,121$754$142
32 years$3,212$2,245$1,535$1,031$682$120
33 years$3,080$2,126$1,433$948$617$102
34 years$2,957$2,015$1,339$872$559$86
35 years$2,841$1,911$1,252$803$506$73
36 years$2,732$1,814$1,171$739$459$62
37 years$2,629$1,723$1,096$681$416$52
38 years$2,531$1,637$1,027$628$377$44
39 years$2,439$1,557$962$579$342$38
40 years$2,352$1,481$902$534$310$32
41 years$2,269$1,410$845$493$281$27
42 years$2,190$1,343$793$455$255$23
43 years$2,115$1,280$744$420$232$19
44 years$2,044$1,220$699$388$210$16
45 years$1,976$1,163$656$358$191$14
46 years$1,911$1,110$616$331$173$12
47 years$1,849$1,059$579$305$157$10
48 years$1,790$1,011$544$282$143$8
49 years$1,733$965$511$261$130$7
50 years$1,679$922$481$241$118$6

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 $2,493 every year, while hoping to spend $37,143 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: 49/31/20 Blend
52$1,720,000$1,720,000$1,720,000$1,720,000
53$1,898,012$1,806,852$1,780,192$1,980,239
54$2,052,089$1,855,867$1,800,308$2,086,560
55$2,220,637$1,906,040$1,819,854$2,198,018
56$2,405,093$1,957,387$1,838,770$2,318,321
57$2,607,039$2,009,926$1,856,995$2,448,315
58$2,828,218$2,063,673$1,874,465$2,588,934
59$3,070,547$2,118,644$1,891,111$2,741,205
60$3,336,140$2,174,855$1,906,860$2,906,259
61$3,627,325$2,232,320$1,921,638$3,085,343
62$3,946,663$2,291,055$1,935,364$3,279,827
63$4,296,978$2,351,073$1,947,955$3,491,225
64$4,681,380$2,412,385$1,959,321$3,721,200
65$5,103,293$2,475,005$1,969,371$3,971,587
66$5,566,491$2,538,941$1,978,006$4,244,407
67$6,075,128$2,604,205$1,985,125$4,541,885
68$6,633,784$2,670,803$1,990,619$4,866,475
69$7,247,500$2,738,743$1,994,375$5,220,877
70$7,921,833$2,808,030$1,996,275$5,608,070
71$8,662,904$2,878,667$1,996,194$6,031,334
72$9,477,454$2,950,656$1,994,001$6,494,283
73$10,372,914$3,023,997$1,989,558$7,000,901
74$11,357,466$3,098,688$1,982,723$7,555,577
75$12,440,127$3,174,723$1,973,345$8,163,146
76$13,630,832$3,252,097$1,961,264$8,828,939
77$14,940,527$3,330,799$1,946,316$9,558,828
78$16,381,269$3,410,817$1,928,326$10,359,285
79$17,966,347$3,492,136$1,907,113$11,237,443
80$19,710,400$3,574,735$1,882,487$12,201,162
81$21,629,558$3,658,595$1,854,247$13,259,102
82$23,741,594$3,743,687$1,822,186$14,420,810
83$26,066,090$3,829,982$1,786,083$15,696,805
84$28,624,626$3,917,445$1,745,711$17,098,680
85$31,440,976$4,006,038$1,700,831$18,639,212
86$34,541,337$4,095,716$1,651,190$20,332,481
87$37,954,577$4,186,429$1,596,529$22,194,004
88$41,712,503$4,278,123$1,536,572$24,240,883
89$45,850,164$4,370,737$1,471,032$26,491,964
90$50,406,181$4,464,203$1,399,612$28,968,018
91$55,423,109$4,558,447$1,321,997$31,691,936
92$60,947,842$4,653,387$1,237,860$34,688,946
93$67,032,052$4,748,933$1,146,859$37,986,850
94$73,732,680$4,844,989$1,048,636$41,616,288
95$81,112,466$4,941,447$942,819$45,611,029
96$89,240,552$5,038,192$829,017$50,008,290
97$98,193,122$5,135,097$706,823$54,849,083
98$108,054,131$5,232,027$575,812$60,178,610
99$118,916,090$5,328,834$435,539$66,046,687
100$130,880,942$5,425,358$285,541$72,508,214