Can I retire at age 53 with 1,740,000?

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 $1,740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$143,688$142,408$141,159$139,940$138,750$134,148
2 years$71,132$69,808$68,524$67,279$66,071$61,479
3 years$46,951$45,620$44,339$43,106$41,918$37,481
4 years$34,862$33,536$32,268$31,056$29,897$25,647
5 years$27,611$26,292$25,041$23,854$22,727$18,677
6 years$22,778$21,470$20,237$19,076$17,983$14,136
7 years$19,328$18,030$16,817$15,683$14,625$10,981
8 years$16,741$15,455$14,262$13,156$12,133$8,688
9 years$14,730$13,457$12,284$11,206$10,218$6,969
10 years$13,122$11,861$10,709$9,660$8,706$5,647
11 years$11,808$10,559$9,428$8,407$7,487$4,613
12 years$10,713$9,478$8,367$7,374$6,488$3,793
13 years$9,788$8,565$7,476$6,510$5,658$3,134
14 years$8,995$7,785$6,717$5,779$4,960$2,600
15 years$8,309$7,112$6,065$5,154$4,367$2,164
16 years$7,709$6,525$5,498$4,615$3,860$1,806
17 years$7,180$6,009$5,003$4,146$3,422$1,511
18 years$6,711$5,553$4,567$3,737$3,043$1,266
19 years$6,291$5,146$4,181$3,376$2,712$1,063
20 years$5,914$4,782$3,837$3,058$2,423$893
21 years$5,573$4,455$3,530$2,775$2,168$751
22 years$5,263$4,158$3,253$2,523$1,943$633
23 years$4,981$3,889$3,004$2,298$1,744$533
24 years$4,723$3,644$2,778$2,096$1,568$450
25 years$4,486$3,419$2,573$1,914$1,411$379
26 years$4,267$3,214$2,386$1,750$1,271$320
27 years$4,065$3,025$2,216$1,602$1,146$270
28 years$3,878$2,850$2,060$1,468$1,034$228
29 years$3,704$2,689$1,917$1,346$934$193
30 years$3,542$2,539$1,786$1,235$843$163
31 years$3,391$2,400$1,665$1,135$763$138
32 years$3,249$2,271$1,553$1,043$690$116
33 years$3,116$2,151$1,450$959$624$98
34 years$2,991$2,039$1,355$882$565$83
35 years$2,874$1,934$1,267$812$512$70
36 years$2,764$1,835$1,185$748$464$59
37 years$2,659$1,743$1,109$689$420$50
38 years$2,561$1,656$1,039$635$381$43
39 years$2,467$1,575$973$586$346$36
40 years$2,379$1,499$912$540$313$30
41 years$2,295$1,427$855$498$284$26
42 years$2,215$1,359$802$460$258$22
43 years$2,139$1,294$753$425$234$18
44 years$2,067$1,234$707$392$213$16
45 years$1,999$1,177$664$362$193$13
46 years$1,933$1,122$623$334$175$11
47 years$1,871$1,071$585$309$159$9
48 years$1,811$1,023$550$286$145$8
49 years$1,754$977$517$264$131$7
50 years$1,699$933$486$244$119$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,740,000, adding $6,365 every year, while hoping to spend $48,582 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: 52/22/26 Blend
52$1,740,000$1,740,000$1,740,000$1,740,000
53$1,924,045$1,831,825$1,804,855$2,009,810
54$2,068,607$1,869,894$1,813,627$2,108,018
55$2,226,286$1,908,200$1,821,065$2,209,331
56$2,398,369$1,946,703$1,827,072$2,318,563
57$2,586,271$1,985,360$1,831,547$2,436,488
58$2,791,552$2,024,125$1,834,386$2,563,961
59$3,015,929$2,062,945$1,835,476$2,701,924
60$3,261,291$2,101,767$1,834,702$2,851,415
61$3,529,719$2,140,529$1,831,940$3,013,580
62$3,823,503$2,179,168$1,827,063$3,189,683
63$4,145,166$2,217,613$1,819,936$3,381,118
64$4,497,487$2,255,789$1,810,417$3,589,420
65$4,883,523$2,293,616$1,798,359$3,816,286
66$5,306,646$2,331,006$1,783,607$4,063,582
67$5,770,564$2,367,866$1,765,998$4,333,372
68$6,279,365$2,404,095$1,745,363$4,627,929
69$6,837,550$2,439,586$1,721,523$4,949,758
70$7,450,078$2,474,223$1,694,291$5,301,625
71$8,122,409$2,507,883$1,663,473$5,686,578
72$8,860,558$2,540,433$1,628,863$6,107,979
73$9,671,154$2,571,733$1,590,249$6,569,537
74$10,561,495$2,601,631$1,547,405$7,075,338
75$11,539,623$2,629,967$1,500,099$7,629,892
76$12,614,397$2,656,568$1,448,085$8,238,169
77$13,795,577$2,681,251$1,391,107$8,905,652
78$15,093,914$2,703,821$1,328,898$9,638,385
79$16,521,254$2,724,069$1,261,176$10,443,032
80$18,090,648$2,741,773$1,187,651$11,326,942
81$19,816,472$2,756,698$1,108,016$12,298,219
82$21,714,569$2,768,593$1,021,951$13,365,795
83$23,802,391$2,777,190$929,122$14,539,523
84$26,099,169$2,782,207$829,182$15,830,261
85$28,626,089$2,783,340$721,765$17,249,984
86$31,406,497$2,780,270$606,490$18,811,894
87$34,466,113$2,772,657$482,961$20,530,545
88$37,833,279$2,760,140$350,763$22,421,983
89$41,539,222$2,742,335$209,463$24,503,898
90$45,618,351$2,718,837$58,607$26,795,792
91$50,108,577$2,689,215$0$29,319,165
92$55,051,677$2,653,012$0$32,126,122
93$60,493,682$2,609,743$0$35,233,584
94$66,485,313$2,558,896$0$38,654,224
95$73,082,461$2,499,928$0$42,419,940
96$80,346,711$2,432,264$0$46,565,891
97$88,345,924$2,355,293$0$51,130,822
98$97,154,879$2,268,373$0$56,157,434
99$106,855,973$2,170,820$0$61,692,785
100$117,540,005$2,061,913$0$67,788,739