Can I retire at age 53 with 1,770,000?

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 $1,770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$146,165$144,863$143,593$142,353$141,142$137,009
2 years$72,359$71,011$69,705$68,439$67,211$63,079
3 years$47,760$46,407$45,104$43,849$42,641$38,642
4 years$35,463$34,114$32,824$31,591$30,412$26,576
5 years$28,087$26,746$25,473$24,265$23,119$19,455
6 years$23,171$21,840$20,586$19,405$18,293$14,806
7 years$19,661$18,341$17,107$15,954$14,877$11,567
8 years$17,030$15,722$14,508$13,383$12,342$9,206
9 years$14,984$13,689$12,496$11,400$10,394$7,429
10 years$13,349$12,066$10,894$9,827$8,856$6,059
11 years$12,012$10,741$9,591$8,552$7,616$4,981
12 years$10,898$9,641$8,512$7,501$6,600$4,122
13 years$9,957$8,713$7,605$6,623$5,756$3,429
14 years$9,150$7,920$6,833$5,879$5,045$2,865
15 years$8,452$7,235$6,169$5,243$4,442$2,402
16 years$7,842$6,638$5,593$4,694$3,926$2,019
17 years$7,304$6,113$5,090$4,218$3,481$1,701
18 years$6,826$5,649$4,646$3,801$3,095$1,436
19 years$6,399$5,235$4,253$3,435$2,759$1,215
20 years$6,016$4,865$3,904$3,111$2,464$1,029
21 years$5,669$4,531$3,590$2,823$2,205$872
22 years$5,354$4,230$3,309$2,567$1,977$740
23 years$5,067$3,956$3,055$2,338$1,774$629
24 years$4,805$3,707$2,826$2,132$1,595$534
25 years$4,563$3,478$2,617$1,947$1,435$454
26 years$4,341$3,269$2,427$1,780$1,293$387
27 years$4,135$3,077$2,254$1,630$1,166$329
28 years$3,945$2,899$2,095$1,493$1,052$280
29 years$3,768$2,735$1,950$1,369$950$239
30 years$3,603$2,583$1,816$1,257$858$203
31 years$3,449$2,442$1,693$1,154$776$173
32 years$3,305$2,310$1,580$1,061$702$148
33 years$3,170$2,188$1,475$975$635$126
34 years$3,043$2,074$1,378$897$575$107
35 years$2,924$1,967$1,289$826$521$92
36 years$2,811$1,867$1,205$761$472$78
37 years$2,705$1,773$1,128$701$428$67
38 years$2,605$1,685$1,057$646$388$57
39 years$2,510$1,602$990$596$352$48
40 years$2,420$1,524$928$550$319$41
41 years$2,335$1,451$870$507$289$35
42 years$2,253$1,382$816$468$263$30
43 years$2,176$1,317$766$432$238$26
44 years$2,103$1,255$719$399$216$22
45 years$2,033$1,197$675$368$196$19
46 years$1,966$1,142$634$340$178$16
47 years$1,903$1,090$596$314$162$14
48 years$1,842$1,040$560$290$147$12
49 years$1,784$993$526$268$134$10
50 years$1,728$949$495$248$121$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,770,000, adding $3,658 every year, while hoping to spend $35,301 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: 40/50/10 Blend
52$1,770,000$1,770,000$1,770,000$1,770,000
53$1,954,313$1,860,503$1,833,068$2,026,484
54$2,116,093$1,914,108$1,856,916$2,131,214
55$2,293,192$1,969,156$1,880,380$2,240,658
56$2,487,134$2,025,681$1,903,409$2,358,259
57$2,699,599$2,083,717$1,925,951$2,484,770
58$2,932,437$2,143,298$1,947,949$2,621,018
59$3,187,685$2,204,460$1,969,345$2,767,914
60$3,467,587$2,267,236$1,990,076$2,926,458
61$3,774,614$2,331,664$2,010,077$3,097,753
62$4,111,488$2,397,778$2,029,277$3,283,009
63$4,481,206$2,465,616$2,047,605$3,483,560
64$4,887,072$2,535,214$2,064,982$3,700,873
65$5,332,722$2,606,609$2,081,328$3,936,562
66$5,822,165$2,679,838$2,096,558$4,192,405
67$6,359,814$2,754,938$2,110,581$4,470,359
68$6,950,533$2,831,948$2,123,303$4,772,575
69$7,599,679$2,910,905$2,134,625$5,101,427
70$8,313,153$2,991,846$2,144,442$5,459,525
71$9,097,459$3,074,811$2,152,645$5,849,743
72$9,959,760$3,159,836$2,159,118$6,275,247
73$10,907,947$3,246,960$2,163,741$6,739,524
74$11,950,716$3,336,220$2,166,385$7,246,414
75$13,097,649$3,427,654$2,166,918$7,800,145
76$14,359,299$3,521,299$2,165,200$8,405,375
77$15,747,296$3,617,191$2,161,083$9,067,235
78$17,274,455$3,715,368$2,154,414$9,791,377
79$18,954,893$3,815,865$2,145,030$10,584,026
80$20,804,167$3,918,717$2,132,764$11,452,040
81$22,839,417$4,023,960$2,117,436$12,402,976
82$25,079,529$4,131,625$2,098,862$13,445,156
83$27,545,313$4,241,747$2,076,846$14,587,751
84$30,259,699$4,354,356$2,051,184$15,840,863
85$33,247,952$4,469,483$2,021,662$17,215,624
86$36,537,912$4,587,157$1,988,057$18,724,298
87$40,160,257$4,707,405$1,950,135$20,380,397
88$44,148,788$4,830,253$1,907,649$22,198,811
89$48,540,753$4,955,724$1,860,344$24,195,943
90$53,377,195$5,083,841$1,807,951$26,389,869
91$58,703,342$5,214,621$1,750,190$28,800,507
92$64,569,027$5,348,082$1,686,766$31,449,803
93$71,029,168$5,484,238$1,617,373$34,361,939
94$78,144,277$5,623,100$1,541,689$37,563,562
95$85,981,037$5,764,675$1,459,379$41,084,036
96$94,612,927$5,908,968$1,370,092$44,955,717
97$104,120,916$6,055,979$1,273,461$49,214,258
98$114,594,232$6,205,704$1,169,104$53,898,948
99$126,131,194$6,358,134$1,056,619$59,053,084
100$138,840,149$6,513,256$935,590$64,724,372