Can I retire at age 53 with 1,750,000?

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 $1,750,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$144,513$143,226$141,970$140,744$139,547$134,170
2 years$71,541$70,209$68,918$67,666$66,451$61,097
3 years$47,220$45,882$44,594$43,354$42,159$36,998
4 years$35,062$33,728$32,453$31,234$30,068$25,139
5 years$27,769$26,443$25,185$23,991$22,858$18,172
6 years$22,909$21,593$20,353$19,186$18,086$13,648
7 years$19,439$18,134$16,914$15,774$14,709$10,517
8 years$16,837$15,544$14,344$13,232$12,203$8,253
9 years$14,815$13,534$12,355$11,271$10,276$6,563
10 years$13,198$11,929$10,771$9,716$8,756$5,272
11 years$11,876$10,620$9,483$8,455$7,530$4,268
12 years$10,775$9,532$8,416$7,417$6,526$3,476
13 years$9,844$8,614$7,519$6,548$5,691$2,845
14 years$9,047$7,830$6,756$5,812$4,988$2,337
15 years$8,357$7,153$6,099$5,184$4,392$1,926
16 years$7,753$6,563$5,530$4,641$3,882$1,591
17 years$7,221$6,044$5,032$4,170$3,442$1,317
18 years$6,749$5,585$4,594$3,758$3,060$1,093
19 years$6,327$5,176$4,205$3,396$2,728$907
20 years$5,948$4,810$3,859$3,076$2,436$754
21 years$5,605$4,480$3,550$2,791$2,180$628
22 years$5,294$4,182$3,272$2,538$1,954$523
23 years$5,010$3,911$3,021$2,311$1,754$436
24 years$4,750$3,665$2,794$2,108$1,577$363
25 years$4,512$3,439$2,588$1,925$1,419$303
26 years$4,292$3,232$2,400$1,760$1,278$253
27 years$4,089$3,042$2,229$1,611$1,152$211
28 years$3,900$2,866$2,072$1,476$1,040$176
29 years$3,725$2,704$1,928$1,354$939$147
30 years$3,562$2,554$1,796$1,242$848$123
31 years$3,410$2,414$1,674$1,141$767$103
32 years$3,268$2,284$1,562$1,049$694$86
33 years$3,134$2,163$1,458$964$628$72
34 years$3,009$2,050$1,363$887$568$60
35 years$2,891$1,945$1,274$817$515$50
36 years$2,779$1,846$1,192$752$467$42
37 years$2,674$1,753$1,116$693$423$35
38 years$2,575$1,666$1,045$639$383$29
39 years$2,481$1,584$979$589$348$24
40 years$2,393$1,507$917$543$315$20
41 years$2,308$1,435$860$501$286$17
42 years$2,228$1,366$807$463$260$14
43 years$2,152$1,302$757$427$236$12
44 years$2,079$1,241$711$394$214$10
45 years$2,010$1,183$667$364$194$8
46 years$1,944$1,129$627$336$176$7
47 years$1,881$1,077$589$311$160$6
48 years$1,821$1,028$553$287$145$5
49 years$1,764$982$520$265$132$4
50 years$1,709$938$489$245$120$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,750,000, adding $3,646 every year, while hoping to spend $44,764 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: 66/23/11 Blend
52$1,750,000$1,750,000$1,750,000$1,750,000
53$1,932,261$1,839,511$1,812,386$2,054,922
54$2,081,723$1,882,018$1,825,472$2,179,601
55$2,244,930$1,925,108$1,837,497$2,310,191
56$2,423,236$1,968,762$1,848,376$2,451,774
57$2,618,134$2,012,959$1,858,024$2,605,418
58$2,831,264$2,057,675$1,866,349$2,772,302
59$3,064,435$2,102,883$1,873,254$2,953,724
60$3,319,638$2,148,554$1,878,638$3,151,114
61$3,599,064$2,194,657$1,882,396$3,366,045
62$3,905,128$2,241,154$1,884,415$3,600,252
63$4,240,487$2,288,007$1,884,579$3,855,647
64$4,608,069$2,335,172$1,882,765$4,134,334
65$5,011,100$2,382,603$1,878,845$4,438,632
66$5,453,128$2,430,247$1,872,683$4,771,097
67$5,938,068$2,478,049$1,864,138$5,134,543
68$6,470,225$2,525,948$1,853,061$5,532,074
69$7,054,347$2,573,878$1,839,298$5,967,108
70$7,695,660$2,621,768$1,822,684$6,443,410
71$8,399,923$2,669,540$1,803,049$6,965,131
72$9,173,478$2,717,111$1,780,215$7,536,844
73$10,023,315$2,764,391$1,753,994$8,163,589
74$10,957,130$2,811,283$1,724,190$8,850,919
75$11,983,405$2,857,684$1,690,597$9,604,955
76$13,111,482$2,903,480$1,653,002$10,432,440
77$14,351,654$2,948,552$1,611,179$11,340,806
78$15,715,263$2,992,771$1,564,893$12,338,244
79$17,214,801$3,035,998$1,513,899$13,433,781
80$18,864,034$3,078,086$1,457,938$14,637,362
81$20,678,129$3,118,875$1,396,743$15,959,950
82$22,673,796$3,158,198$1,330,031$17,413,627
83$24,869,445$3,195,871$1,257,509$19,011,705
84$27,285,363$3,231,703$1,178,870$20,768,859
85$29,943,900$3,265,487$1,093,792$22,701,258
86$32,869,684$3,297,001$1,001,940$24,826,723
87$36,089,850$3,326,013$902,963$27,164,895
88$39,634,298$3,352,271$796,496$29,737,418
89$43,535,973$3,375,509$682,155$32,568,147
90$47,831,177$3,395,444$559,542$35,683,370
91$52,559,909$3,411,773$428,239$39,112,061
92$57,766,246$3,424,176$287,811$42,886,151
93$63,498,754$3,432,311$137,803$47,040,829
94$69,810,948$3,435,816$0$51,614,877
95$76,761,799$3,434,305$0$56,653,651
96$84,416,286$3,427,369$0$62,219,071
97$92,846,012$3,414,574$0$68,346,919
98$102,129,876$3,395,460$0$75,094,468
99$112,354,821$3,369,535$0$82,524,836
100$123,616,654$3,336,284$0$90,707,580