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%11.6%
1 years$146,991$145,681$144,404$143,157$141,940$140,986
2 years$72,768$71,412$70,099$68,826$67,590$66,629
3 years$48,030$46,669$45,359$44,097$42,882$41,942
4 years$35,663$34,307$33,010$31,770$30,584$29,673
5 years$28,246$26,897$25,617$24,402$23,249$22,370
6 years$23,302$21,963$20,702$19,515$18,396$17,549
7 years$19,772$18,445$17,204$16,044$14,961$14,147
8 years$17,126$15,810$14,590$13,459$12,412$11,631
9 years$15,069$13,766$12,566$11,464$10,453$9,705
10 years$13,424$12,134$10,956$9,882$8,906$8,191
11 years$12,079$10,802$9,645$8,600$7,660$6,976
12 years$10,960$9,695$8,560$7,544$6,638$5,986
13 years$10,013$8,762$7,648$6,660$5,788$5,167
14 years$9,202$7,964$6,871$5,912$5,074$4,483
15 years$8,500$7,275$6,204$5,272$4,467$3,905
16 years$7,886$6,675$5,625$4,721$3,948$3,415
17 years$7,345$6,148$5,118$4,242$3,501$2,995
18 years$6,865$5,681$4,672$3,823$3,113$2,633
19 years$6,436$5,265$4,277$3,454$2,774$2,321
20 years$6,050$4,892$3,926$3,128$2,478$2,049
21 years$5,701$4,557$3,611$2,839$2,218$1,813
22 years$5,384$4,254$3,328$2,581$1,988$1,606
23 years$5,096$3,978$3,073$2,351$1,784$1,424
24 years$4,832$3,728$2,842$2,144$1,604$1,265
25 years$4,589$3,498$2,632$1,958$1,443$1,124
26 years$4,366$3,288$2,441$1,790$1,300$1,000
27 years$4,159$3,094$2,267$1,639$1,172$891
28 years$3,967$2,916$2,107$1,502$1,058$794
29 years$3,789$2,750$1,961$1,377$955$708
30 years$3,623$2,598$1,827$1,264$863$631
31 years$3,468$2,456$1,703$1,161$780$563
32 years$3,324$2,323$1,589$1,067$706$503
33 years$3,188$2,200$1,483$981$639$449
34 years$3,060$2,085$1,386$902$578$401
35 years$2,940$1,978$1,296$831$524$359
36 years$2,827$1,877$1,212$765$475$321
37 years$2,720$1,783$1,135$705$430$287
38 years$2,619$1,695$1,063$650$390$257
39 years$2,524$1,611$995$599$354$230
40 years$2,434$1,533$933$553$321$205
41 years$2,348$1,459$875$510$291$184
42 years$2,266$1,390$821$471$264$164
43 years$2,189$1,324$770$434$240$147
44 years$2,115$1,262$723$401$217$132
45 years$2,045$1,204$679$370$197$118
46 years$1,978$1,148$638$342$179$106
47 years$1,914$1,096$599$316$163$95
48 years$1,852$1,046$563$292$148$85
49 years$1,794$999$529$270$134$76
50 years$1,738$954$497$250$122$68

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 $6,328 every year, while hoping to spend $55,638 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: 29/45/26 Blend
52$1,780,000$1,780,000$1,780,000$1,780,000
53$1,968,087$1,873,747$1,846,157$2,009,151
54$2,109,634$1,906,363$1,848,805$2,074,460
55$2,263,753$1,938,711$1,849,677$2,139,330
56$2,431,670$1,970,721$1,848,655$2,207,945
57$2,614,729$2,002,316$1,845,614$2,280,664
58$2,814,414$2,033,412$1,840,425$2,357,887
59$3,032,356$2,063,921$1,832,950$2,440,058
60$3,270,351$2,093,747$1,823,048$2,527,666
61$3,530,374$2,122,789$1,810,568$2,621,255
62$3,814,604$2,150,937$1,795,354$2,721,428
63$4,125,434$2,178,074$1,777,239$2,828,850
64$4,465,505$2,204,075$1,756,053$2,944,260
65$4,837,719$2,228,808$1,731,614$3,068,474
66$5,245,277$2,252,130$1,703,733$3,202,397
67$5,691,700$2,273,890$1,672,213$3,347,029
68$6,180,868$2,293,924$1,636,846$3,503,480
69$6,717,052$2,312,062$1,597,416$3,672,974
70$7,304,957$2,328,119$1,553,696$3,856,868
71$7,949,766$2,341,900$1,505,448$4,056,661
72$8,657,186$2,353,197$1,452,424$4,274,014
73$9,433,504$2,361,789$1,394,365$4,510,761
74$10,285,645$2,367,440$1,331,000$4,768,932
75$11,221,237$2,369,901$1,262,045$5,050,770
76$12,248,682$2,368,905$1,187,203$5,358,756
77$13,377,238$2,364,172$1,106,164$5,695,632
78$14,617,101$2,355,401$1,018,605$6,064,429
79$15,979,505$2,342,275$924,188$6,468,496
80$17,476,824$2,324,456$822,558$6,911,533
81$19,122,694$2,301,589$713,348$7,397,632
82$20,932,134$2,273,292$596,170$7,931,308
83$22,921,694$2,239,165$470,624$8,517,555
84$25,109,604$2,198,782$336,287$9,161,883
85$27,515,954$2,151,692$192,723$9,870,384
86$30,162,873$2,097,417$39,471$10,649,780
87$33,074,748$2,035,452$0$11,507,498
88$36,278,445$1,965,262$0$12,486,159
89$39,803,566$1,886,279$0$13,574,319
90$43,682,728$1,797,905$0$14,771,154
91$47,951,870$1,699,506$0$16,087,850
92$52,650,589$1,590,410$0$17,536,744
93$57,822,518$1,469,909$0$19,131,444
94$63,515,733$1,337,253$0$20,886,958
95$69,783,208$1,191,649$0$22,819,842
96$76,683,315$1,032,260$0$24,948,353
97$84,280,374$858,200$0$27,292,627
98$92,645,256$668,536$0$29,874,871
99$101,856,057$462,279$0$32,719,574
100$111,998,830$238,387$0$35,853,744