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%18.8%
1 years$142,862$141,589$140,348$139,136$137,953$133,058
2 years$70,724$69,406$68,130$66,892$65,692$60,813
3 years$46,681$45,358$44,085$42,859$41,678$36,967
4 years$34,662$33,343$32,082$30,877$29,725$25,219
5 years$27,452$26,141$24,897$23,717$22,596$18,308
6 years$22,647$21,346$20,121$18,966$17,880$13,811
7 years$19,217$17,927$16,720$15,593$14,541$10,691
8 years$16,645$15,366$14,180$13,081$12,063$8,429
9 years$14,646$13,379$12,213$11,142$10,159$6,736
10 years$13,047$11,793$10,648$9,604$8,656$5,438
11 years$11,740$10,499$9,374$8,359$7,444$4,426
12 years$10,652$9,423$8,319$7,332$6,451$3,624
13 years$9,732$8,516$7,433$6,473$5,626$2,982
14 years$8,943$7,741$6,678$5,746$4,931$2,464
15 years$8,261$7,071$6,030$5,124$4,342$2,042
16 years$7,665$6,488$5,467$4,588$3,837$1,697
17 years$7,139$5,975$4,975$4,123$3,402$1,413
18 years$6,672$5,521$4,541$3,715$3,025$1,179
19 years$6,255$5,117$4,157$3,357$2,697$985
20 years$5,880$4,755$3,815$3,040$2,409$824
21 years$5,541$4,429$3,509$2,759$2,155$690
22 years$5,233$4,134$3,234$2,509$1,932$578
23 years$4,953$3,867$2,986$2,285$1,734$485
24 years$4,696$3,623$2,762$2,084$1,559$407
25 years$4,460$3,400$2,558$1,903$1,403$342
26 years$4,243$3,195$2,372$1,740$1,264$287
27 years$4,042$3,007$2,203$1,593$1,139$241
28 years$3,856$2,834$2,048$1,459$1,028$203
29 years$3,683$2,673$1,906$1,338$928$170
30 years$3,522$2,525$1,775$1,228$839$143
31 years$3,371$2,387$1,655$1,128$758$120
32 years$3,230$2,258$1,544$1,037$686$101
33 years$3,098$2,139$1,442$953$621$85
34 years$2,974$2,027$1,347$877$562$72
35 years$2,858$1,922$1,259$807$509$60
36 years$2,748$1,825$1,178$744$461$51
37 years$2,644$1,733$1,103$685$418$43
38 years$2,546$1,647$1,033$632$379$36
39 years$2,453$1,566$968$582$344$30
40 years$2,365$1,490$907$537$312$25
41 years$2,282$1,418$850$496$283$21
42 years$2,203$1,351$798$457$257$18
43 years$2,127$1,287$748$422$233$15
44 years$2,055$1,227$703$390$211$13
45 years$1,987$1,170$660$360$192$11
46 years$1,922$1,116$620$333$174$9
47 years$1,860$1,065$582$307$158$8
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$5

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 $5,763 every year, while hoping to spend $23,260 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: 46/25/29 Blend
52$1,730,000$1,730,000$1,730,000$1,730,000
53$1,912,405$1,820,715$1,793,900$1,984,168
54$2,082,721$1,885,181$1,829,247$2,100,119
55$2,269,631$1,952,027$1,864,998$2,223,167
56$2,474,801$2,021,344$1,901,144$2,356,239
57$2,700,069$2,093,228$1,937,670$2,500,288
58$2,947,459$2,167,779$1,974,565$2,656,363
59$3,219,200$2,245,101$2,011,813$2,825,616
60$3,517,748$2,325,301$2,049,399$3,009,316
61$3,845,809$2,408,491$2,087,305$3,208,859
62$4,206,364$2,494,789$2,125,512$3,425,781
63$4,602,697$2,584,317$2,163,999$3,661,773
64$5,038,424$2,677,201$2,202,746$3,918,695
65$5,517,533$2,773,574$2,241,728$4,198,595
66$6,044,415$2,873,572$2,280,918$4,503,728
67$6,623,907$2,977,339$2,320,291$4,836,575
68$7,261,340$3,085,024$2,359,816$5,199,870
69$7,962,589$3,196,782$2,399,462$5,596,621
70$8,734,124$3,312,774$2,439,194$6,030,140
71$9,583,074$3,433,170$2,478,977$6,504,076
72$10,517,297$3,558,145$2,518,772$7,022,445
73$11,545,448$3,687,881$2,558,538$7,589,671
74$12,677,065$3,822,568$2,598,230$8,210,625
75$13,922,658$3,962,406$2,637,803$8,890,673
76$15,293,805$4,107,601$2,677,206$9,635,726
77$16,803,268$4,258,367$2,716,387$10,452,290
78$18,465,104$4,414,931$2,755,289$11,347,536
79$20,294,807$4,577,525$2,793,853$12,329,361
80$22,309,447$4,746,393$2,832,017$13,406,463
81$24,527,834$4,921,790$2,869,713$14,588,424
82$26,970,696$5,103,980$2,906,871$15,885,799
83$29,660,872$5,293,240$2,943,416$17,310,218
84$32,623,529$5,489,857$2,979,268$18,874,488
85$35,886,400$5,694,131$3,014,346$20,592,723
86$39,480,046$5,906,377$3,048,559$22,480,470
87$43,438,140$6,126,919$3,081,815$24,554,857
88$47,797,791$6,356,098$3,114,016$26,834,754
89$52,599,888$6,594,269$3,145,058$29,340,951
90$57,889,490$6,841,802$3,174,832$32,096,355
91$63,716,252$7,099,084$3,203,222$35,126,201
92$70,134,887$7,366,516$3,230,107$38,458,297
93$77,205,689$7,644,519$3,255,359$42,123,277
94$84,995,100$7,933,531$3,278,845$46,154,898
95$93,576,336$8,234,010$3,300,421$50,590,351
96$103,030,077$8,546,431$3,319,941$55,470,616
97$113,445,232$8,871,294$3,337,246$60,840,845
98$124,919,774$9,209,116$3,352,172$66,750,792
99$137,561,669$9,560,440$3,364,548$73,255,275
100$151,489,889$9,925,831$3,374,190$80,414,699