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

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 $1,770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$146,165$144,863$143,593$142,353$141,142$137,898
2 years$72,359$71,011$69,705$68,439$67,211$63,960
3 years$47,760$46,407$45,104$43,849$42,641$39,486
4 years$35,463$34,114$32,824$31,591$30,412$27,376
5 years$28,087$26,746$25,473$24,265$23,119$20,211
6 years$23,171$21,840$20,586$19,405$18,293$15,516
7 years$19,661$18,341$17,107$15,954$14,877$12,232
8 years$17,030$15,722$14,508$13,383$12,342$9,827
9 years$14,984$13,689$12,496$11,400$10,394$8,007
10 years$13,349$12,066$10,894$9,827$8,856$6,595
11 years$12,012$10,741$9,591$8,552$7,616$5,479
12 years$10,898$9,641$8,512$7,501$6,600$4,582
13 years$9,957$8,713$7,605$6,623$5,756$3,853
14 years$9,150$7,920$6,833$5,879$5,045$3,254
15 years$8,452$7,235$6,169$5,243$4,442$2,759
16 years$7,842$6,638$5,593$4,694$3,926$2,346
17 years$7,304$6,113$5,090$4,218$3,481$2,000
18 years$6,826$5,649$4,646$3,801$3,095$1,709
19 years$6,399$5,235$4,253$3,435$2,759$1,462
20 years$6,016$4,865$3,904$3,111$2,464$1,253
21 years$5,669$4,531$3,590$2,823$2,205$1,076
22 years$5,354$4,230$3,309$2,567$1,977$924
23 years$5,067$3,956$3,055$2,338$1,774$795
24 years$4,805$3,707$2,826$2,132$1,595$684
25 years$4,563$3,478$2,617$1,947$1,435$589
26 years$4,341$3,269$2,427$1,780$1,293$508
27 years$4,135$3,077$2,254$1,630$1,166$438
28 years$3,945$2,899$2,095$1,493$1,052$378
29 years$3,768$2,735$1,950$1,369$950$326
30 years$3,603$2,583$1,816$1,257$858$282
31 years$3,449$2,442$1,693$1,154$776$243
32 years$3,305$2,310$1,580$1,061$702$210
33 years$3,170$2,188$1,475$975$635$181
34 years$3,043$2,074$1,378$897$575$157
35 years$2,924$1,967$1,289$826$521$135
36 years$2,811$1,867$1,205$761$472$117
37 years$2,705$1,773$1,128$701$428$101
38 years$2,605$1,685$1,057$646$388$88
39 years$2,510$1,602$990$596$352$76
40 years$2,420$1,524$928$550$319$65
41 years$2,335$1,451$870$507$289$57
42 years$2,253$1,382$816$468$263$49
43 years$2,176$1,317$766$432$238$42
44 years$2,103$1,255$719$399$216$37
45 years$2,033$1,197$675$368$196$32
46 years$1,966$1,142$634$340$178$27
47 years$1,903$1,090$596$314$162$24
48 years$1,842$1,040$560$290$147$20
49 years$1,784$993$526$268$134$18
50 years$1,728$949$495$248$121$15

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 $3,844 every year, while hoping to spend $29,129 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: 70/24/6 Blend
52$1,770,000$1,770,000$1,770,000$1,770,000
53$1,954,505$1,860,695$1,833,260$2,089,497
54$2,122,872$1,920,876$1,863,681$2,239,389
55$2,307,435$1,983,030$1,894,145$2,399,382
56$2,509,817$2,047,222$1,924,623$2,573,636
57$2,731,803$2,113,521$1,955,083$2,763,545
58$2,975,361$2,181,997$1,985,491$2,970,641
59$3,242,656$2,252,723$2,015,813$3,196,613
60$3,536,075$2,325,774$2,046,011$3,443,318
61$3,858,247$2,401,229$2,076,045$3,712,800
62$4,212,067$2,479,169$2,105,872$4,007,312
63$4,600,726$2,559,676$2,135,446$4,329,333
64$5,027,737$2,642,838$2,164,721$4,681,591
65$5,496,973$2,728,743$2,193,645$5,067,094
66$6,012,697$2,817,484$2,222,165$5,489,150
67$6,579,608$2,909,157$2,250,224$5,951,406
68$7,202,884$3,003,861$2,277,762$6,457,876
69$7,888,226$3,101,699$2,304,716$7,012,980
70$8,641,919$3,202,776$2,331,017$7,621,589
71$9,470,885$3,307,202$2,356,596$8,289,066
72$10,382,751$3,415,091$2,381,379$9,021,320
73$11,385,922$3,526,560$2,405,285$9,824,857
74$12,489,656$3,641,731$2,428,232$10,706,846
75$13,704,155$3,760,731$2,450,132$11,675,183
76$15,040,661$3,883,689$2,470,894$12,738,566
77$16,511,559$4,010,740$2,490,419$13,906,578
78$18,130,496$4,142,025$2,508,606$15,189,776
79$19,912,510$4,277,687$2,525,348$16,599,789
80$21,874,169$4,417,877$2,540,530$18,149,430
81$24,033,731$4,562,750$2,554,035$19,852,812
82$26,411,313$4,712,465$2,565,736$21,725,489
83$29,029,082$4,867,191$2,575,503$23,784,593
84$31,911,463$5,027,098$2,583,197$26,049,002
85$35,085,371$5,192,365$2,588,673$28,539,513
86$38,580,465$5,363,177$2,591,780$31,279,042
87$42,429,425$5,539,725$2,592,356$34,292,837
88$46,668,261$5,722,206$2,590,236$37,608,717
89$51,336,657$5,910,827$2,585,241$41,257,333
90$56,478,338$6,105,800$2,577,189$45,272,460
91$62,141,489$6,307,345$2,565,885$49,691,308
92$68,379,205$6,515,689$2,551,127$54,554,882
93$75,249,997$6,731,071$2,532,703$59,908,363
94$82,818,336$6,953,733$2,510,388$65,801,532
95$91,155,271$7,183,930$2,483,950$72,289,246
96$100,339,091$7,421,925$2,453,145$79,431,949
97$110,456,069$7,667,990$2,417,716$87,296,244
98$121,601,274$7,922,408$2,377,396$95,955,523
99$133,879,469$8,185,471$2,331,903$105,490,656
100$147,406,098$8,457,482$2,280,945$115,990,754