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%16%
1 years$146,165$144,863$143,593$142,353$141,142$137,674
2 years$72,359$71,011$69,705$68,439$67,211$63,738
3 years$47,760$46,407$45,104$43,849$42,641$39,273
4 years$35,463$34,114$32,824$31,591$30,412$27,173
5 years$28,087$26,746$25,473$24,265$23,119$20,019
6 years$23,171$21,840$20,586$19,405$18,293$15,336
7 years$19,661$18,341$17,107$15,954$14,877$12,062
8 years$17,030$15,722$14,508$13,383$12,342$9,668
9 years$14,984$13,689$12,496$11,400$10,394$7,859
10 years$13,349$12,066$10,894$9,827$8,856$6,457
11 years$12,012$10,741$9,591$8,552$7,616$5,350
12 years$10,898$9,641$8,512$7,501$6,600$4,463
13 years$9,957$8,713$7,605$6,623$5,756$3,743
14 years$9,150$7,920$6,833$5,879$5,045$3,152
15 years$8,452$7,235$6,169$5,243$4,442$2,665
16 years$7,842$6,638$5,593$4,694$3,926$2,260
17 years$7,304$6,113$5,090$4,218$3,481$1,921
18 years$6,826$5,649$4,646$3,801$3,095$1,636
19 years$6,399$5,235$4,253$3,435$2,759$1,396
20 years$6,016$4,865$3,904$3,111$2,464$1,193
21 years$5,669$4,531$3,590$2,823$2,205$1,021
22 years$5,354$4,230$3,309$2,567$1,977$875
23 years$5,067$3,956$3,055$2,338$1,774$750
24 years$4,805$3,707$2,826$2,132$1,595$643
25 years$4,563$3,478$2,617$1,947$1,435$552
26 years$4,341$3,269$2,427$1,780$1,293$475
27 years$4,135$3,077$2,254$1,630$1,166$408
28 years$3,945$2,899$2,095$1,493$1,052$351
29 years$3,768$2,735$1,950$1,369$950$302
30 years$3,603$2,583$1,816$1,257$858$260
31 years$3,449$2,442$1,693$1,154$776$223
32 years$3,305$2,310$1,580$1,061$702$192
33 years$3,170$2,188$1,475$975$635$166
34 years$3,043$2,074$1,378$897$575$143
35 years$2,924$1,967$1,289$826$521$123
36 years$2,811$1,867$1,205$761$472$106
37 years$2,705$1,773$1,128$701$428$91
38 years$2,605$1,685$1,057$646$388$79
39 years$2,510$1,602$990$596$352$68
40 years$2,420$1,524$928$550$319$58
41 years$2,335$1,451$870$507$289$50
42 years$2,253$1,382$816$468$263$43
43 years$2,176$1,317$766$432$238$37
44 years$2,103$1,255$719$399$216$32
45 years$2,033$1,197$675$368$196$28
46 years$1,966$1,142$634$340$178$24
47 years$1,903$1,090$596$314$162$21
48 years$1,842$1,040$560$290$147$18
49 years$1,784$993$526$268$134$15
50 years$1,728$949$495$248$121$13

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 $6,896 every year, while hoping to spend $48,702 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: 37/43/20 Blend
52$1,770,000$1,770,000$1,770,000$1,770,000
53$1,957,653$1,863,843$1,836,408$2,018,057
54$2,105,515$1,903,353$1,846,109$2,102,034
55$2,266,827$1,943,166$1,854,503$2,187,608
56$2,442,909$1,983,247$1,861,494$2,279,038
57$2,635,214$2,023,555$1,866,983$2,376,878
58$2,845,343$2,064,046$1,870,865$2,481,740
59$3,075,058$2,104,674$1,873,028$2,594,298
60$3,326,297$2,145,386$1,873,358$2,715,296
61$3,601,197$2,186,128$1,871,732$2,845,553
62$3,902,108$2,226,837$1,868,024$2,985,976
63$4,231,620$2,267,449$1,862,100$3,137,563
64$4,592,585$2,307,893$1,853,820$3,301,416
65$4,988,142$2,348,094$1,843,037$3,478,750
66$5,421,750$2,387,968$1,829,596$3,670,908
67$5,897,218$2,427,428$1,813,337$3,879,368
68$6,418,740$2,466,378$1,794,090$4,105,765
69$6,990,939$2,504,718$1,771,679$4,351,900
70$7,618,902$2,542,336$1,745,918$4,619,760
71$8,308,236$2,579,117$1,716,613$4,911,538
72$9,065,118$2,614,935$1,683,560$5,229,654
73$9,896,348$2,649,655$1,646,548$5,576,778
74$10,809,422$2,683,134$1,605,353$5,955,854
75$11,812,593$2,715,219$1,559,743$6,370,131
76$12,914,958$2,745,745$1,509,475$6,823,193
77$14,126,534$2,774,537$1,454,293$7,318,993
78$15,458,360$2,801,409$1,393,931$7,861,895
79$16,922,597$2,826,161$1,328,112$8,456,708
80$18,532,641$2,848,582$1,256,543$9,108,740
81$20,303,253$2,868,446$1,178,920$9,823,844
82$22,250,698$2,885,513$1,094,926$10,608,478
83$24,392,891$2,899,525$1,004,229$11,469,765
84$26,749,576$2,910,212$906,480$12,415,558
85$29,342,504$2,917,283$801,319$13,454,523
86$32,195,642$2,920,432$688,365$14,596,214
87$35,335,396$2,919,332$567,224$15,851,169
88$38,790,862$2,913,635$437,482$17,231,011
89$42,594,101$2,902,974$298,708$18,748,557
90$46,780,436$2,886,958$150,452$20,417,941
91$51,388,793$2,865,171$0$22,254,751
92$56,462,060$2,837,174$0$24,277,830
93$62,047,496$2,802,502$0$26,538,847
94$68,197,175$2,760,659$0$29,026,670
95$74,968,478$2,711,122$0$31,764,460
96$82,424,632$2,653,336$0$34,777,744
97$90,635,309$2,586,714$0$38,094,667
98$99,677,281$2,510,633$0$41,746,248
99$109,635,144$2,424,435$0$45,766,684
100$120,602,120$2,327,423$0$50,193,669