Can I retire at age 53 with 1,780,000?

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 $1,780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$146,991$145,681$144,404$143,157$141,940$141,164
2 years$72,768$71,412$70,099$68,826$67,590$66,807
3 years$48,030$46,669$45,359$44,097$42,882$42,116
4 years$35,663$34,307$33,010$31,770$30,584$29,841
5 years$28,246$26,897$25,617$24,402$23,249$22,532
6 years$23,302$21,963$20,702$19,515$18,396$17,705
7 years$19,772$18,445$17,204$16,044$14,961$14,297
8 years$17,126$15,810$14,590$13,459$12,412$11,774
9 years$15,069$13,766$12,566$11,464$10,453$9,841
10 years$13,424$12,134$10,956$9,882$8,906$8,321
11 years$12,079$10,802$9,645$8,600$7,660$7,100
12 years$10,960$9,695$8,560$7,544$6,638$6,103
13 years$10,013$8,762$7,648$6,660$5,788$5,279
14 years$9,202$7,964$6,871$5,912$5,074$4,588
15 years$8,500$7,275$6,204$5,272$4,467$4,006
16 years$7,886$6,675$5,625$4,721$3,948$3,509
17 years$7,345$6,148$5,118$4,242$3,501$3,084
18 years$6,865$5,681$4,672$3,823$3,113$2,718
19 years$6,436$5,265$4,277$3,454$2,774$2,400
20 years$6,050$4,892$3,926$3,128$2,478$2,124
21 years$5,701$4,557$3,611$2,839$2,218$1,883
22 years$5,384$4,254$3,328$2,581$1,988$1,672
23 years$5,096$3,978$3,073$2,351$1,784$1,486
24 years$4,832$3,728$2,842$2,144$1,604$1,323
25 years$4,589$3,498$2,632$1,958$1,443$1,179
26 years$4,366$3,288$2,441$1,790$1,300$1,051
27 years$4,159$3,094$2,267$1,639$1,172$938
28 years$3,967$2,916$2,107$1,502$1,058$838
29 years$3,789$2,750$1,961$1,377$955$749
30 years$3,623$2,598$1,827$1,264$863$670
31 years$3,468$2,456$1,703$1,161$780$599
32 years$3,324$2,323$1,589$1,067$706$536
33 years$3,188$2,200$1,483$981$639$480
34 years$3,060$2,085$1,386$902$578$430
35 years$2,940$1,978$1,296$831$524$385
36 years$2,827$1,877$1,212$765$475$345
37 years$2,720$1,783$1,135$705$430$310
38 years$2,619$1,695$1,063$650$390$278
39 years$2,524$1,611$995$599$354$249
40 years$2,434$1,533$933$553$321$223
41 years$2,348$1,459$875$510$291$200
42 years$2,266$1,390$821$471$264$180
43 years$2,189$1,324$770$434$240$161
44 years$2,115$1,262$723$401$217$145
45 years$2,045$1,204$679$370$197$130
46 years$1,978$1,148$638$342$179$117
47 years$1,914$1,096$599$316$163$105
48 years$1,852$1,046$563$292$148$94
49 years$1,794$999$529$270$134$84
50 years$1,738$954$497$250$122$76

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,780,000, adding $3,195 every year, while hoping to spend $30,722 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: 55/25/20 Blend
52$1,780,000$1,780,000$1,780,000$1,780,000
53$1,964,856$1,870,516$1,842,926$2,062,127
54$2,132,583$1,929,483$1,871,976$2,187,956
55$2,316,389$1,990,310$1,900,969$2,321,383
56$2,517,881$2,053,055$1,929,872$2,466,016
57$2,738,829$2,117,780$1,958,647$2,622,937
58$2,981,184$2,184,546$1,987,257$2,793,336
59$3,247,094$2,253,417$2,015,659$2,978,524
60$3,538,924$2,324,461$2,043,810$3,179,942
61$3,859,281$2,397,746$2,071,664$3,399,180
62$4,211,035$2,473,343$2,099,171$3,637,985
63$4,597,347$2,551,324$2,126,281$3,898,282
64$5,021,703$2,631,765$2,152,938$4,182,192
65$5,487,939$2,714,743$2,179,083$4,492,048
66$6,000,282$2,800,340$2,204,656$4,830,422
67$6,563,391$2,888,636$2,229,592$5,200,144
68$7,182,396$2,979,718$2,253,822$5,604,333
69$7,862,949$3,073,674$2,277,274$6,046,423
70$8,611,280$3,170,593$2,299,873$6,530,198
71$9,434,249$3,270,571$2,321,537$7,059,823
72$10,339,416$3,373,703$2,342,183$7,639,890
73$11,335,111$3,480,089$2,361,720$8,275,454
74$12,430,511$3,589,831$2,380,056$8,972,085
75$13,635,726$3,703,037$2,397,092$9,735,919
76$14,961,899$3,819,814$2,412,723$10,573,717
77$16,421,305$3,940,277$2,426,841$11,492,925
78$18,027,468$4,064,541$2,439,330$12,501,748
79$19,795,293$4,192,726$2,450,071$13,609,226
80$21,741,200$4,324,957$2,458,935$14,825,317
81$23,883,283$4,461,361$2,465,790$16,160,996
82$26,241,479$4,602,069$2,470,496$17,628,351
83$28,837,759$4,747,219$2,472,906$19,240,704
84$31,696,327$4,896,950$2,472,866$21,012,731
85$34,843,859$5,051,406$2,470,213$22,960,603
86$38,309,746$5,210,739$2,464,778$25,102,141
87$42,126,375$5,375,100$2,456,384$27,456,977
88$46,329,435$5,544,650$2,444,842$30,046,746
89$50,958,252$5,719,552$2,429,959$32,895,285
90$56,056,159$5,899,976$2,411,528$36,028,862
91$61,670,908$6,086,095$2,389,335$39,476,420
92$67,855,118$6,278,091$2,363,155$43,269,852
93$74,666,771$6,476,148$2,332,751$47,444,303
94$82,169,761$6,680,459$2,297,878$52,038,496
95$90,434,496$6,891,221$2,258,276$57,095,106
96$99,538,561$7,108,638$2,213,676$62,661,154
97$109,567,454$7,332,920$2,163,793$68,788,457
98$120,615,386$7,564,285$2,108,332$75,534,114
99$132,786,177$7,802,957$2,046,982$82,961,043
100$146,194,231$8,049,166$1,979,420$91,138,580