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

Use the below retirement simulation to view the chances of a successful retirement.
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%16.9%
1 years$143,688$142,408$141,159$139,940$138,750$134,849
2 years$71,132$69,808$68,524$67,279$66,071$62,171
3 years$46,951$45,620$44,339$43,106$41,918$38,141
4 years$34,862$33,536$32,268$31,056$29,897$26,271
5 years$27,611$26,292$25,041$23,854$22,727$19,263
6 years$22,778$21,470$20,237$19,076$17,983$14,684
7 years$19,328$18,030$16,817$15,683$14,625$11,491
8 years$16,741$15,455$14,262$13,156$12,133$9,162
9 years$14,730$13,457$12,284$11,206$10,218$7,407
10 years$13,122$11,861$10,709$9,660$8,706$6,052
11 years$11,808$10,559$9,428$8,407$7,487$4,985
12 years$10,713$9,478$8,367$7,374$6,488$4,134
13 years$9,788$8,565$7,476$6,510$5,658$3,446
14 years$8,995$7,785$6,717$5,779$4,960$2,885
15 years$8,309$7,112$6,065$5,154$4,367$2,423
16 years$7,709$6,525$5,498$4,615$3,860$2,042
17 years$7,180$6,009$5,003$4,146$3,422$1,724
18 years$6,711$5,553$4,567$3,737$3,043$1,459
19 years$6,291$5,146$4,181$3,376$2,712$1,237
20 years$5,914$4,782$3,837$3,058$2,423$1,050
21 years$5,573$4,455$3,530$2,775$2,168$892
22 years$5,263$4,158$3,253$2,523$1,943$759
23 years$4,981$3,889$3,004$2,298$1,744$646
24 years$4,723$3,644$2,778$2,096$1,568$550
25 years$4,486$3,419$2,573$1,914$1,411$469
26 years$4,267$3,214$2,386$1,750$1,271$400
27 years$4,065$3,025$2,216$1,602$1,146$341
28 years$3,878$2,850$2,060$1,468$1,034$291
29 years$3,704$2,689$1,917$1,346$934$249
30 years$3,542$2,539$1,786$1,235$843$212
31 years$3,391$2,400$1,665$1,135$763$182
32 years$3,249$2,271$1,553$1,043$690$155
33 years$3,116$2,151$1,450$959$624$133
34 years$2,991$2,039$1,355$882$565$113
35 years$2,874$1,934$1,267$812$512$97
36 years$2,764$1,835$1,185$748$464$83
37 years$2,659$1,743$1,109$689$420$71
38 years$2,561$1,656$1,039$635$381$61
39 years$2,467$1,575$973$586$346$52
40 years$2,379$1,499$912$540$313$44
41 years$2,295$1,427$855$498$284$38
42 years$2,215$1,359$802$460$258$32
43 years$2,139$1,294$753$425$234$28
44 years$2,067$1,234$707$392$213$24
45 years$1,999$1,177$664$362$193$20
46 years$1,933$1,122$623$334$175$17
47 years$1,871$1,071$585$309$159$15
48 years$1,811$1,023$550$286$145$13
49 years$1,754$977$517$264$131$11
50 years$1,699$933$486$244$119$9

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 $6,034 every year, while hoping to spend $20,682 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: 62/8/30 Blend
52$1,740,000$1,740,000$1,740,000$1,740,000
53$1,923,704$1,831,484$1,804,514$2,027,059
54$2,097,916$1,899,221$1,842,960$2,165,872
55$2,289,205$1,969,584$1,882,000$2,314,631
56$2,499,290$2,042,680$1,921,634$2,476,647
57$2,730,067$2,118,621$1,961,857$2,653,224
58$2,983,622$2,197,521$2,002,667$2,845,796
59$3,262,254$2,279,503$2,044,060$3,055,944
60$3,568,498$2,364,692$2,086,030$3,285,406
61$3,905,144$2,453,221$2,128,571$3,536,099
62$4,275,266$2,545,227$2,171,676$3,810,134
63$4,682,253$2,640,852$2,215,336$4,109,834
64$5,129,836$2,740,247$2,259,543$4,437,759
65$5,622,127$2,843,567$2,304,285$4,796,727
66$6,163,656$2,950,974$2,349,552$5,189,846
67$6,759,416$3,062,639$2,395,329$5,620,535
68$7,414,906$3,178,738$2,441,602$6,092,562
69$8,136,186$3,299,456$2,488,355$6,610,078
70$8,929,933$3,424,985$2,535,571$7,177,657
71$9,803,504$3,555,526$2,583,229$7,800,334
72$10,765,004$3,691,290$2,631,310$8,483,661
73$11,823,366$3,832,495$2,679,791$9,233,751
74$12,988,431$3,979,369$2,728,646$10,057,340
75$14,271,044$4,132,151$2,777,848$10,961,849
76$15,683,154$4,291,089$2,827,370$11,955,454
77$17,237,927$4,456,445$2,877,179$13,047,163
78$18,949,873$4,628,488$2,927,241$14,246,902
79$20,834,979$4,807,502$2,977,522$15,565,606
80$22,910,860$4,993,783$3,027,983$17,015,325
81$25,196,928$5,187,639$3,078,581$18,609,335
82$27,714,574$5,389,393$3,129,272$20,362,263
83$30,487,368$5,599,380$3,180,010$22,290,228
84$33,541,282$5,817,953$3,230,744$24,410,989
85$36,904,939$6,045,479$3,281,419$26,744,115
86$40,609,876$6,282,340$3,331,980$29,311,170
87$44,690,846$6,528,937$3,382,364$32,135,912
88$49,186,146$6,785,689$3,432,507$35,244,523
89$54,137,977$7,053,032$3,482,340$38,665,852
90$59,592,842$7,331,422$3,531,790$42,431,687
91$65,601,986$7,621,336$3,580,779$46,577,057
92$72,221,880$7,923,273$3,629,226$51,140,561
93$79,514,750$8,237,751$3,677,044$56,164,732
94$87,549,169$8,565,316$3,724,139$61,696,440
95$96,400,702$8,906,534$3,770,416$67,787,329
96$106,152,620$9,262,000$3,815,771$74,494,314
97$116,896,683$9,632,334$3,860,095$81,880,105
98$128,734,010$10,018,184$3,903,274$90,013,812
99$141,776,032$10,420,227$3,945,186$98,971,586
100$156,145,540$10,839,172$3,985,703$108,837,346