Can I retire at age 53 with 1,730,000?

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 $1,730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$142,862$141,589$140,348$139,136$137,953$132,847
2 years$70,724$69,406$68,130$66,892$65,692$60,605
3 years$46,681$45,358$44,085$42,859$41,678$36,770
4 years$34,662$33,343$32,082$30,877$29,725$25,035
5 years$27,452$26,141$24,897$23,717$22,596$18,135
6 years$22,647$21,346$20,121$18,966$17,880$13,651
7 years$19,217$17,927$16,720$15,593$14,541$10,543
8 years$16,645$15,366$14,180$13,081$12,063$8,293
9 years$14,646$13,379$12,213$11,142$10,159$6,611
10 years$13,047$11,793$10,648$9,604$8,656$5,324
11 years$11,740$10,499$9,374$8,359$7,444$4,321
12 years$10,652$9,423$8,319$7,332$6,451$3,529
13 years$9,732$8,516$7,433$6,473$5,626$2,896
14 years$8,943$7,741$6,678$5,746$4,931$2,386
15 years$8,261$7,071$6,030$5,124$4,342$1,972
16 years$7,665$6,488$5,467$4,588$3,837$1,634
17 years$7,139$5,975$4,975$4,123$3,402$1,357
18 years$6,672$5,521$4,541$3,715$3,025$1,128
19 years$6,255$5,117$4,157$3,357$2,697$940
20 years$5,880$4,755$3,815$3,040$2,409$784
21 years$5,541$4,429$3,509$2,759$2,155$654
22 years$5,233$4,134$3,234$2,509$1,932$547
23 years$4,953$3,867$2,986$2,285$1,734$457
24 years$4,696$3,623$2,762$2,084$1,559$382
25 years$4,460$3,400$2,558$1,903$1,403$320
26 years$4,243$3,195$2,372$1,740$1,264$268
27 years$4,042$3,007$2,203$1,593$1,139$224
28 years$3,856$2,834$2,048$1,459$1,028$188
29 years$3,683$2,673$1,906$1,338$928$158
30 years$3,522$2,525$1,775$1,228$839$132
31 years$3,371$2,387$1,655$1,128$758$111
32 years$3,230$2,258$1,544$1,037$686$93
33 years$3,098$2,139$1,442$953$621$78
34 years$2,974$2,027$1,347$877$562$65
35 years$2,858$1,922$1,259$807$509$55
36 years$2,748$1,825$1,178$744$461$46
37 years$2,644$1,733$1,103$685$418$38
38 years$2,546$1,647$1,033$632$379$32
39 years$2,453$1,566$968$582$344$27
40 years$2,365$1,490$907$537$312$23
41 years$2,282$1,418$850$496$283$19
42 years$2,203$1,351$798$457$257$16
43 years$2,127$1,287$748$422$233$13
44 years$2,055$1,227$703$390$211$11
45 years$1,987$1,170$660$360$192$9
46 years$1,922$1,116$620$333$174$8
47 years$1,860$1,065$582$307$158$7
48 years$1,800$1,017$547$284$144$6
49 years$1,743$971$514$262$130$5
50 years$1,689$927$483$242$119$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,730,000, adding $2,290 every year, while hoping to spend $30,750 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: 76/12/12 Blend
52$1,730,000$1,730,000$1,730,000$1,730,000
53$1,908,822$1,817,132$1,790,317$2,049,246
54$2,070,804$1,873,454$1,817,575$2,198,446
55$2,248,278$1,931,505$1,844,715$2,357,847
56$2,442,791$1,991,337$1,871,702$2,531,727
57$2,656,047$2,053,005$1,898,496$2,721,516
58$2,889,925$2,116,563$1,925,056$2,928,786
59$3,146,492$2,182,068$1,951,340$3,155,274
60$3,428,025$2,249,580$1,977,301$3,402,886
61$3,737,032$2,319,159$2,002,889$3,673,727
62$4,076,278$2,390,867$2,028,055$3,970,112
63$4,448,807$2,464,767$2,052,743$4,294,592
64$4,857,971$2,540,926$2,076,895$4,649,976
65$5,307,464$2,619,412$2,100,451$5,039,360
66$5,801,356$2,700,293$2,123,347$5,466,152
67$6,344,129$2,783,643$2,145,514$5,934,107
68$6,940,723$2,869,534$2,166,882$6,447,363
69$7,596,579$2,958,043$2,187,374$7,010,478
70$8,317,691$3,049,248$2,206,912$7,628,471
71$9,110,663$3,143,230$2,225,412$8,306,874
72$9,982,772$3,240,070$2,242,785$9,051,780
73$10,942,036$3,339,854$2,258,939$9,869,904
74$11,997,287$3,442,670$2,273,776$10,768,643
75$13,158,256$3,548,607$2,287,194$11,756,145
76$14,435,668$3,657,759$2,299,085$12,841,391
77$15,841,337$3,770,220$2,309,335$14,034,273
78$17,388,281$3,886,088$2,317,826$15,345,692
79$19,090,844$4,005,465$2,324,431$16,787,658
80$20,964,831$4,128,453$2,329,020$18,373,406
81$23,027,656$4,255,159$2,331,454$20,117,516
82$25,298,507$4,385,693$2,331,589$22,036,057
83$27,798,530$4,520,166$2,329,272$24,146,731
84$30,551,022$4,658,696$2,324,344$26,469,046
85$33,581,654$4,801,401$2,316,638$29,024,498
86$36,918,716$4,948,402$2,305,978$31,836,772
87$40,593,377$5,099,826$2,292,181$34,931,967
88$44,639,986$5,255,802$2,275,053$38,338,844
89$49,096,391$5,416,463$2,254,394$42,089,092
90$54,004,297$5,581,944$2,229,991$46,217,633
91$59,409,663$5,752,386$2,201,622$50,762,947
92$65,363,128$5,927,933$2,169,057$55,767,437
93$71,920,499$6,108,733$2,132,051$61,277,828
94$79,143,266$6,294,937$2,090,351$67,345,610
95$87,099,192$6,486,702$2,043,691$74,027,521
96$95,862,947$6,684,188$1,991,792$81,386,085
97$105,516,814$6,887,559$1,934,364$89,490,201
98$116,151,464$7,096,985$1,871,100$98,415,792
99$127,866,815$7,312,639$1,801,683$108,246,522
100$140,772,970$7,534,698$1,725,779$119,074,588