Can I retire at age 53 with 1,760,000?

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 $1,760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$145,339$144,045$142,781$141,549$140,345$136,509
2 years$71,950$70,610$69,311$68,052$66,831$62,995
3 years$47,490$46,144$44,849$43,602$42,400$38,683
4 years$35,263$33,921$32,639$31,413$30,240$26,671
5 years$27,928$26,595$25,329$24,128$22,988$19,577
6 years$23,040$21,716$20,470$19,295$18,190$14,940
7 years$19,550$18,237$17,010$15,864$14,793$11,704
8 years$16,933$15,633$14,426$13,308$12,272$9,343
9 years$14,900$13,611$12,425$11,335$10,335$7,562
10 years$13,273$11,998$10,833$9,771$8,806$6,186
11 years$11,944$10,681$9,537$8,504$7,573$5,103
12 years$10,836$9,586$8,464$7,459$6,563$4,237
13 years$9,900$8,663$7,562$6,585$5,723$3,537
14 years$9,099$7,875$6,794$5,846$5,017$2,965
15 years$8,404$7,194$6,134$5,213$4,417$2,494
16 years$7,797$6,600$5,562$4,668$3,904$2,104
17 years$7,263$6,078$5,061$4,194$3,461$1,780
18 years$6,788$5,617$4,620$3,780$3,078$1,508
19 years$6,363$5,206$4,229$3,415$2,743$1,280
20 years$5,982$4,837$3,881$3,093$2,450$1,088
21 years$5,637$4,506$3,570$2,807$2,193$926
22 years$5,324$4,206$3,290$2,552$1,966$789
23 years$5,039$3,934$3,038$2,325$1,764$673
24 years$4,777$3,686$2,810$2,120$1,586$574
25 years$4,538$3,459$2,602$1,936$1,427$490
26 years$4,316$3,251$2,414$1,770$1,285$419
27 years$4,112$3,059$2,241$1,620$1,159$358
28 years$3,923$2,883$2,084$1,485$1,046$306
29 years$3,747$2,720$1,939$1,361$944$262
30 years$3,583$2,568$1,806$1,250$853$224
31 years$3,429$2,428$1,684$1,148$771$192
32 years$3,286$2,297$1,571$1,055$698$164
33 years$3,152$2,176$1,467$970$631$140
34 years$3,026$2,062$1,370$892$572$120
35 years$2,907$1,956$1,281$821$518$103
36 years$2,795$1,856$1,199$757$469$88
37 years$2,690$1,763$1,122$697$425$75
38 years$2,590$1,676$1,051$642$386$65
39 years$2,496$1,593$984$592$350$55
40 years$2,406$1,516$923$546$317$47
41 years$2,321$1,443$865$504$288$41
42 years$2,241$1,374$811$465$261$35
43 years$2,164$1,309$761$429$237$30
44 years$2,091$1,248$715$397$215$26
45 years$2,022$1,190$671$366$195$22
46 years$1,955$1,135$630$338$177$19
47 years$1,892$1,083$592$313$161$16
48 years$1,832$1,034$557$289$146$14
49 years$1,774$988$523$267$133$12
50 years$1,718$944$492$247$121$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,760,000, adding $4,399 every year, while hoping to spend $51,680 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: 62/25/13 Blend
52$1,760,000$1,760,000$1,760,000$1,760,000
53$1,944,058$1,850,778$1,823,498$2,058,258
54$2,087,364$1,886,479$1,829,598$2,171,106
55$2,243,556$1,922,197$1,834,170$2,287,942
56$2,413,893$1,957,879$1,837,109$2,414,218
57$2,599,761$1,993,466$1,838,303$2,550,851
58$2,802,687$2,028,896$1,837,636$2,698,852
59$3,024,351$2,064,101$1,834,987$2,859,334
60$3,266,601$2,099,009$1,830,225$3,033,526
61$3,531,475$2,133,541$1,823,218$3,222,779
62$3,821,214$2,167,612$1,813,824$3,428,586
63$4,138,286$2,201,134$1,801,896$3,652,588
64$4,485,410$2,234,008$1,787,278$3,896,597
65$4,865,578$2,266,131$1,769,809$4,162,609
66$5,282,088$2,297,392$1,749,318$4,452,824
67$5,738,568$2,327,671$1,725,627$4,769,668
68$6,239,017$2,356,842$1,698,551$5,115,814
69$6,787,838$2,384,769$1,667,893$5,494,209
70$7,389,881$2,411,306$1,633,451$5,908,101
71$8,050,487$2,436,298$1,595,010$6,361,070
72$8,775,540$2,459,580$1,552,346$6,857,063
73$9,571,521$2,480,976$1,505,226$7,400,432
74$10,445,571$2,500,298$1,453,406$7,995,971
75$11,405,552$2,517,346$1,396,628$8,648,969
76$12,460,130$2,531,907$1,334,627$9,365,252
77$13,618,848$2,543,755$1,267,121$10,151,245
78$14,892,220$2,552,649$1,193,819$11,014,030
79$16,291,830$2,558,332$1,114,415$11,961,413
80$17,830,439$2,560,533$1,028,591$13,001,998
81$19,522,106$2,558,962$936,012$14,145,273
82$21,382,323$2,553,312$836,329$15,401,692
83$23,428,153$2,543,258$729,180$16,782,782
84$25,678,401$2,528,454$614,183$18,301,248
85$28,153,781$2,508,532$490,943$19,971,096
86$30,877,121$2,483,104$359,043$21,807,762
87$33,873,568$2,451,757$218,052$23,828,264
88$37,170,833$2,414,054$67,517$26,051,359
89$40,799,447$2,369,531$0$28,497,724
90$44,793,051$2,317,699$0$31,203,066
91$49,188,712$2,258,036$0$34,190,423
92$54,027,274$2,189,994$0$37,478,180
93$59,353,741$2,112,988$0$41,096,934
94$65,217,701$2,026,403$0$45,080,403
95$71,673,797$1,929,587$0$49,465,749
96$78,782,237$1,821,850$0$54,293,929
97$86,609,366$1,702,461$0$59,610,079
98$95,228,289$1,570,649$0$65,463,947
99$104,719,562$1,425,599$0$71,910,355
100$115,171,952$1,266,448$0$79,009,728