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

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 $1,780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$146,991$145,681$144,404$143,157$141,940$136,958
2 years$72,768$71,412$70,099$68,826$67,590$62,624
3 years$48,030$46,669$45,359$44,097$42,882$38,087
4 years$35,663$34,307$33,010$31,770$30,584$25,996
5 years$28,246$26,897$25,617$24,402$23,249$18,881
6 years$23,302$21,963$20,702$19,515$18,396$14,252
7 years$19,772$18,445$17,204$16,044$14,961$11,039
8 years$17,126$15,810$14,590$13,459$12,412$8,708
9 years$15,069$13,766$12,566$11,464$10,453$6,963
10 years$13,424$12,134$10,956$9,882$8,906$5,625
11 years$12,079$10,802$9,645$8,600$7,660$4,581
12 years$10,960$9,695$8,560$7,544$6,638$3,753
13 years$10,013$8,762$7,648$6,660$5,788$3,091
14 years$9,202$7,964$6,871$5,912$5,074$2,555
15 years$8,500$7,275$6,204$5,272$4,467$2,119
16 years$7,886$6,675$5,625$4,721$3,948$1,762
17 years$7,345$6,148$5,118$4,242$3,501$1,469
18 years$6,865$5,681$4,672$3,823$3,113$1,226
19 years$6,436$5,265$4,277$3,454$2,774$1,025
20 years$6,050$4,892$3,926$3,128$2,478$858
21 years$5,701$4,557$3,611$2,839$2,218$719
22 years$5,384$4,254$3,328$2,581$1,988$603
23 years$5,096$3,978$3,073$2,351$1,784$506
24 years$4,832$3,728$2,842$2,144$1,604$425
25 years$4,589$3,498$2,632$1,958$1,443$357
26 years$4,366$3,288$2,441$1,790$1,300$300
27 years$4,159$3,094$2,267$1,639$1,172$253
28 years$3,967$2,916$2,107$1,502$1,058$213
29 years$3,789$2,750$1,961$1,377$955$179
30 years$3,623$2,598$1,827$1,264$863$150
31 years$3,468$2,456$1,703$1,161$780$127
32 years$3,324$2,323$1,589$1,067$706$107
33 years$3,188$2,200$1,483$981$639$90
34 years$3,060$2,085$1,386$902$578$76
35 years$2,940$1,978$1,296$831$524$64
36 years$2,827$1,877$1,212$765$475$54
37 years$2,720$1,783$1,135$705$430$45
38 years$2,619$1,695$1,063$650$390$38
39 years$2,524$1,611$995$599$354$32
40 years$2,434$1,533$933$553$321$27
41 years$2,348$1,459$875$510$291$23
42 years$2,266$1,390$821$471$264$19
43 years$2,189$1,324$770$434$240$16
44 years$2,115$1,262$723$401$217$14
45 years$2,045$1,204$679$370$197$11
46 years$1,978$1,148$638$342$179$10
47 years$1,914$1,096$599$316$163$8
48 years$1,852$1,046$563$292$148$7
49 years$1,794$999$529$270$134$6
50 years$1,738$954$497$250$122$5

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 $2,828 every year, while hoping to spend $55,065 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: 46/39/15 Blend
52$1,780,000$1,780,000$1,780,000$1,780,000
53$1,964,477$1,870,137$1,842,547$2,046,358
54$2,106,265$1,903,185$1,845,684$2,136,610
55$2,260,670$1,936,007$1,847,080$2,228,656
56$2,428,920$1,968,533$1,846,619$2,327,316
57$2,612,368$2,000,690$1,844,179$2,433,227
58$2,812,503$2,032,396$1,839,632$2,547,089
59$3,030,962$2,063,567$1,832,843$2,669,679
60$3,269,548$2,094,111$1,823,672$2,801,850
61$3,530,248$2,123,928$1,811,971$2,944,546
62$3,815,245$2,152,913$1,797,584$3,098,808
63$4,126,948$2,180,952$1,780,350$3,265,784
64$4,468,004$2,207,927$1,760,099$3,446,741
65$4,841,331$2,233,706$1,736,654$3,643,079
66$5,250,142$2,258,152$1,709,826$3,856,340
67$5,697,973$2,281,119$1,679,423$4,088,228
68$6,188,722$2,302,449$1,645,239$4,340,621
69$6,726,678$2,321,975$1,607,060$4,615,594
70$7,316,566$2,339,520$1,564,664$4,915,435
71$7,963,592$2,354,892$1,517,817$5,242,667
72$8,673,488$2,367,891$1,466,273$5,600,077
73$9,452,568$2,378,302$1,409,777$5,990,738
74$10,307,787$2,385,896$1,348,062$6,418,041
75$11,246,806$2,390,430$1,280,847$6,885,728
76$12,278,066$2,391,647$1,207,842$7,397,926
77$13,410,863$2,389,272$1,128,739$7,959,188
78$14,655,440$2,383,014$1,043,219$8,574,539
79$16,023,077$2,372,565$950,950$9,249,519
80$17,526,207$2,357,597$851,583$9,990,242
81$19,178,522$2,337,761$744,753$10,803,451
82$20,995,110$2,312,690$630,081$11,696,585
83$22,992,592$2,281,992$507,169$12,677,847
84$25,189,280$2,245,253$375,602$13,756,289
85$27,605,350$2,202,035$234,949$14,941,890
86$30,263,033$2,151,872$84,757$16,245,660
87$33,186,821$2,094,272$0$17,679,740
88$36,403,699$2,028,713$0$19,269,608
89$39,943,401$1,954,645$0$21,033,207
90$43,838,689$1,871,483$0$22,973,325
91$48,125,659$1,778,610$0$25,108,007
92$52,844,086$1,675,371$0$27,457,148
93$58,037,795$1,561,077$0$30,042,680
94$63,755,076$1,434,996$0$32,888,784
95$70,049,139$1,296,355$0$36,022,115
96$76,978,614$1,144,340$0$39,472,061
97$84,608,106$978,086$0$43,271,017
98$93,008,803$796,683$0$47,454,697
99$102,259,148$599,166$0$52,062,469
100$112,445,576$384,521$0$57,137,733