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%14.2%
1 years$144,513$143,226$141,970$140,744$139,547$137,123
2 years$71,541$70,209$68,918$67,666$66,451$64,016
3 years$47,220$45,882$44,594$43,354$42,159$39,790
4 years$35,062$33,728$32,453$31,234$30,068$27,783
5 years$27,769$26,443$25,185$23,991$22,858$20,662
6 years$22,909$21,593$20,353$19,186$18,086$15,984
7 years$19,439$18,134$16,914$15,774$14,709$12,700
8 years$16,837$15,544$14,344$13,232$12,203$10,287
9 years$14,815$13,534$12,355$11,271$10,276$8,452
10 years$13,198$11,929$10,771$9,716$8,756$7,022
11 years$11,876$10,620$9,483$8,455$7,530$5,885
12 years$10,775$9,532$8,416$7,417$6,526$4,967
13 years$9,844$8,614$7,519$6,548$5,691$4,216
14 years$9,047$7,830$6,756$5,812$4,988$3,595
15 years$8,357$7,153$6,099$5,184$4,392$3,077
16 years$7,753$6,563$5,530$4,641$3,882$2,642
17 years$7,221$6,044$5,032$4,170$3,442$2,275
18 years$6,749$5,585$4,594$3,758$3,060$1,964
19 years$6,327$5,176$4,205$3,396$2,728$1,698
20 years$5,948$4,810$3,859$3,076$2,436$1,471
21 years$5,605$4,480$3,550$2,791$2,180$1,276
22 years$5,294$4,182$3,272$2,538$1,954$1,109
23 years$5,010$3,911$3,021$2,311$1,754$964
24 years$4,750$3,665$2,794$2,108$1,577$839
25 years$4,512$3,439$2,588$1,925$1,419$731
26 years$4,292$3,232$2,400$1,760$1,278$637
27 years$4,089$3,042$2,229$1,611$1,152$555
28 years$3,900$2,866$2,072$1,476$1,040$485
29 years$3,725$2,704$1,928$1,354$939$423
30 years$3,562$2,554$1,796$1,242$848$369
31 years$3,410$2,414$1,674$1,141$767$323
32 years$3,268$2,284$1,562$1,049$694$282
33 years$3,134$2,163$1,458$964$628$247
34 years$3,009$2,050$1,363$887$568$216
35 years$2,891$1,945$1,274$817$515$188
36 years$2,779$1,846$1,192$752$467$165
37 years$2,674$1,753$1,116$693$423$144
38 years$2,575$1,666$1,045$639$383$126
39 years$2,481$1,584$979$589$348$110
40 years$2,393$1,507$917$543$315$97
41 years$2,308$1,435$860$501$286$85
42 years$2,228$1,366$807$463$260$74
43 years$2,152$1,302$757$427$236$65
44 years$2,079$1,241$711$394$214$57
45 years$2,010$1,183$667$364$194$50
46 years$1,944$1,129$627$336$176$43
47 years$1,881$1,077$589$311$160$38
48 years$1,821$1,028$553$287$145$33
49 years$1,764$982$520$265$132$29
50 years$1,709$938$489$245$120$26

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 $5,983 every year, while hoping to spend $30,547 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: 36/40/24 Blend
52$1,750,000$1,750,000$1,750,000$1,750,000
53$1,934,671$1,841,921$1,814,796$1,990,138
54$2,099,506$1,899,674$1,843,090$2,089,271
55$2,280,130$1,959,232$1,871,308$2,192,984
56$2,478,122$2,020,653$1,899,416$2,304,343
57$2,695,219$2,083,994$1,927,375$2,424,053
58$2,933,337$2,149,315$1,955,147$2,552,889
59$3,194,584$2,216,678$1,982,691$2,691,703
60$3,481,282$2,286,146$2,009,962$2,841,432
61$3,795,991$2,357,785$2,036,914$3,003,107
62$4,141,527$2,431,662$2,063,496$3,177,863
63$4,520,997$2,507,847$2,089,656$3,366,946
64$4,937,818$2,586,411$2,115,340$3,571,731
65$5,395,760$2,667,430$2,140,488$3,793,728
66$5,898,971$2,750,977$2,165,038$4,034,601
67$6,452,025$2,837,134$2,188,925$4,296,180
68$7,059,958$2,925,980$2,212,081$4,580,481
69$7,728,319$3,017,599$2,234,431$4,889,722
70$8,463,223$3,112,076$2,255,900$5,226,346
71$9,271,406$3,209,502$2,276,407$5,593,043
72$10,160,289$3,309,967$2,295,866$5,992,774
73$11,138,048$3,413,566$2,314,187$6,428,801
74$12,213,694$3,520,395$2,331,277$6,904,714
75$13,397,151$3,630,555$2,347,036$7,424,470
76$14,699,358$3,744,149$2,361,359$7,992,424
77$16,132,364$3,861,284$2,374,136$8,613,376
78$17,709,448$3,982,070$2,385,252$9,292,610
79$19,445,238$4,106,618$2,394,585$10,035,947
80$21,355,857$4,235,046$2,402,007$10,849,800
81$23,459,065$4,367,475$2,407,386$11,741,233
82$25,774,435$4,504,027$2,410,579$12,718,029
83$28,323,534$4,644,830$2,411,439$13,788,758
84$31,130,123$4,790,016$2,409,811$14,962,867
85$34,220,389$4,939,720$2,405,533$16,250,759
86$37,623,185$5,094,082$2,398,434$17,663,898
87$41,370,303$5,253,245$2,388,335$19,214,912
88$45,496,778$5,417,359$2,375,049$20,917,717
89$50,041,215$5,586,575$2,358,379$22,787,644
90$55,046,154$5,761,051$2,338,119$24,841,583
91$60,558,469$5,940,950$2,314,053$27,098,146
92$66,629,814$6,126,439$2,285,956$29,577,840
93$73,317,111$6,317,689$2,253,591$32,303,259
94$80,683,079$6,514,879$2,216,709$35,299,300
95$88,796,837$6,718,192$2,175,052$38,593,395
96$97,734,546$6,927,815$2,128,349$42,215,771
97$107,580,135$7,143,944$2,076,314$46,199,737
98$118,426,090$7,366,778$2,018,651$50,581,992
99$130,374,324$7,596,523$1,955,049$55,402,979
100$143,537,145$7,833,392$1,885,183$60,707,260