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

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 $1,760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$145,339$144,045$142,781$141,549$140,345$136,344
2 years$71,950$70,610$69,311$68,052$66,831$62,831
3 years$47,490$46,144$44,849$43,602$42,400$38,527
4 years$35,263$33,921$32,639$31,413$30,240$26,523
5 years$27,928$26,595$25,329$24,128$22,988$19,438
6 years$23,040$21,716$20,470$19,295$18,190$14,809
7 years$19,550$18,237$17,010$15,864$14,793$11,582
8 years$16,933$15,633$14,426$13,308$12,272$9,229
9 years$14,900$13,611$12,425$11,335$10,335$7,457
10 years$13,273$11,998$10,833$9,771$8,806$6,089
11 years$11,944$10,681$9,537$8,504$7,573$5,013
12 years$10,836$9,586$8,464$7,459$6,563$4,154
13 years$9,900$8,663$7,562$6,585$5,723$3,460
14 years$9,099$7,875$6,794$5,846$5,017$2,895
15 years$8,404$7,194$6,134$5,213$4,417$2,430
16 years$7,797$6,600$5,562$4,668$3,904$2,046
17 years$7,263$6,078$5,061$4,194$3,461$1,726
18 years$6,788$5,617$4,620$3,780$3,078$1,460
19 years$6,363$5,206$4,229$3,415$2,743$1,236
20 years$5,982$4,837$3,881$3,093$2,450$1,049
21 years$5,637$4,506$3,570$2,807$2,193$890
22 years$5,324$4,206$3,290$2,552$1,966$757
23 years$5,039$3,934$3,038$2,325$1,764$644
24 years$4,777$3,686$2,810$2,120$1,586$548
25 years$4,538$3,459$2,602$1,936$1,427$467
26 years$4,316$3,251$2,414$1,770$1,285$398
27 years$4,112$3,059$2,241$1,620$1,159$339
28 years$3,923$2,883$2,084$1,485$1,046$289
29 years$3,747$2,720$1,939$1,361$944$247
30 years$3,583$2,568$1,806$1,250$853$211
31 years$3,429$2,428$1,684$1,148$771$180
32 years$3,286$2,297$1,571$1,055$698$153
33 years$3,152$2,176$1,467$970$631$131
34 years$3,026$2,062$1,370$892$572$112
35 years$2,907$1,956$1,281$821$518$96
36 years$2,795$1,856$1,199$757$469$82
37 years$2,690$1,763$1,122$697$425$70
38 years$2,590$1,676$1,051$642$386$60
39 years$2,496$1,593$984$592$350$51
40 years$2,406$1,516$923$546$317$43
41 years$2,321$1,443$865$504$288$37
42 years$2,241$1,374$811$465$261$32
43 years$2,164$1,309$761$429$237$27
44 years$2,091$1,248$715$397$215$23
45 years$2,022$1,190$671$366$195$20
46 years$1,955$1,135$630$338$177$17
47 years$1,892$1,083$592$313$161$14
48 years$1,832$1,034$557$289$146$12
49 years$1,774$988$523$267$133$11
50 years$1,718$944$492$247$121$9

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 $5,503 every year, while hoping to spend $34,665 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: 64/6/30 Blend
52$1,760,000$1,760,000$1,760,000$1,760,000
53$1,945,196$1,851,916$1,824,636$2,053,752
54$2,106,723$1,905,777$1,848,878$2,181,911
55$2,283,564$1,961,115$1,872,771$2,317,615
56$2,477,244$2,017,966$1,896,265$2,465,170
57$2,689,443$2,076,367$1,919,310$2,625,747
58$2,922,011$2,136,354$1,941,852$2,800,638
59$3,176,986$2,197,965$1,963,834$2,991,263
60$3,456,612$2,261,239$1,985,196$3,199,189
61$3,763,360$2,326,213$2,005,874$3,426,142
62$4,099,953$2,392,928$2,025,801$3,674,025
63$4,469,390$2,461,422$2,044,906$3,944,933
64$4,874,973$2,531,737$2,063,116$4,241,174
65$5,320,341$2,603,913$2,080,351$4,565,294
66$5,809,503$2,677,992$2,096,530$4,920,096
67$6,346,873$2,754,015$2,111,565$5,308,671
68$6,937,317$2,832,024$2,125,365$5,734,424
69$7,586,192$2,912,062$2,137,833$6,201,107
70$8,299,402$2,994,172$2,148,870$6,712,854
71$9,083,452$3,078,397$2,158,367$7,274,224
72$9,945,506$3,164,781$2,166,215$7,890,238
73$10,893,459$3,253,367$2,172,295$8,566,430
74$11,936,009$3,344,199$2,176,484$9,308,899
75$13,082,739$3,437,322$2,178,653$10,124,368
76$14,344,207$3,532,779$2,178,666$11,020,243
77$15,732,046$3,630,615$2,176,382$12,004,687
78$17,259,074$3,730,874$2,171,650$13,086,698
79$18,939,413$3,833,600$2,164,313$14,276,190
80$20,788,624$3,938,837$2,154,208$15,584,089
81$22,823,852$4,046,629$2,141,162$17,022,438
82$25,063,989$4,157,018$2,124,996$18,604,507
83$27,529,851$4,270,047$2,105,518$20,344,922
84$30,244,375$4,385,759$2,082,533$22,259,802
85$33,232,835$4,504,195$2,055,831$24,366,909
86$36,523,080$4,625,395$2,025,197$26,685,820
87$40,145,794$4,749,400$1,990,401$29,238,111
88$44,134,793$4,876,248$1,951,207$32,047,556
89$48,527,334$5,005,977$1,907,365$35,140,360
90$53,364,474$5,138,622$1,858,614$38,545,402
91$58,691,455$5,274,218$1,804,682$42,294,505
92$64,558,127$5,412,799$1,745,282$46,422,743
93$71,019,424$5,554,394$1,680,118$50,968,770
94$78,135,879$5,699,034$1,608,875$55,975,184
95$85,974,196$5,846,743$1,531,230$61,488,929
96$94,607,877$5,997,547$1,446,839$67,561,742
97$104,117,920$6,151,466$1,355,347$74,250,640
98$114,593,578$6,308,518$1,256,382$81,618,458
99$126,133,206$6,468,718$1,149,553$89,734,443
100$138,845,184$6,632,077$1,034,455$98,674,910