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%14.3%
1 years$146,991$145,681$144,404$143,157$141,940$139,416
2 years$72,768$71,412$70,099$68,826$67,590$65,057
3 years$48,030$46,669$45,359$44,097$42,882$40,417
4 years$35,663$34,307$33,010$31,770$30,584$28,206
5 years$28,246$26,897$25,617$24,402$23,249$20,966
6 years$23,302$21,963$20,702$19,515$18,396$16,210
7 years$19,772$18,445$17,204$16,044$14,961$12,873
8 years$17,126$15,810$14,590$13,459$12,412$10,421
9 years$15,069$13,766$12,566$11,464$10,453$8,557
10 years$13,424$12,134$10,956$9,882$8,906$7,105
11 years$12,079$10,802$9,645$8,600$7,660$5,951
12 years$10,960$9,695$8,560$7,544$6,638$5,019
13 years$10,013$8,762$7,648$6,660$5,788$4,257
14 years$9,202$7,964$6,871$5,912$5,074$3,627
15 years$8,500$7,275$6,204$5,272$4,467$3,103
16 years$7,886$6,675$5,625$4,721$3,948$2,663
17 years$7,345$6,148$5,118$4,242$3,501$2,291
18 years$6,865$5,681$4,672$3,823$3,113$1,976
19 years$6,436$5,265$4,277$3,454$2,774$1,708
20 years$6,050$4,892$3,926$3,128$2,478$1,478
21 years$5,701$4,557$3,611$2,839$2,218$1,282
22 years$5,384$4,254$3,328$2,581$1,988$1,112
23 years$5,096$3,978$3,073$2,351$1,784$966
24 years$4,832$3,728$2,842$2,144$1,604$840
25 years$4,589$3,498$2,632$1,958$1,443$731
26 years$4,366$3,288$2,441$1,790$1,300$637
27 years$4,159$3,094$2,267$1,639$1,172$555
28 years$3,967$2,916$2,107$1,502$1,058$484
29 years$3,789$2,750$1,961$1,377$955$422
30 years$3,623$2,598$1,827$1,264$863$368
31 years$3,468$2,456$1,703$1,161$780$321
32 years$3,324$2,323$1,589$1,067$706$281
33 years$3,188$2,200$1,483$981$639$245
34 years$3,060$2,085$1,386$902$578$214
35 years$2,940$1,978$1,296$831$524$187
36 years$2,827$1,877$1,212$765$475$164
37 years$2,720$1,783$1,135$705$430$143
38 years$2,619$1,695$1,063$650$390$125
39 years$2,524$1,611$995$599$354$109
40 years$2,434$1,533$933$553$321$95
41 years$2,348$1,459$875$510$291$83
42 years$2,266$1,390$821$471$264$73
43 years$2,189$1,324$770$434$240$64
44 years$2,115$1,262$723$401$217$56
45 years$2,045$1,204$679$370$197$49
46 years$1,978$1,148$638$342$179$43
47 years$1,914$1,096$599$316$163$37
48 years$1,852$1,046$563$292$148$33
49 years$1,794$999$529$270$134$29
50 years$1,738$954$497$250$122$25

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 $6,428 every year, while hoping to spend $53,832 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: 71/5/24 Blend
52$1,780,000$1,780,000$1,780,000$1,780,000
53$1,968,190$1,873,850$1,846,260$2,095,632
54$2,111,669$1,908,392$1,850,833$2,216,137
55$2,267,978$1,942,822$1,853,755$2,341,116
56$2,438,370$1,977,079$1,854,914$2,476,673
57$2,624,222$2,011,094$1,854,192$2,623,851
58$2,827,051$2,044,795$1,851,465$2,783,804
59$3,048,525$2,078,106$1,846,605$2,957,801
60$3,290,484$2,110,942$1,839,475$3,147,243
61$3,554,948$2,143,213$1,829,933$3,353,671
62$3,844,147$2,174,825$1,817,829$3,578,787
63$4,160,531$2,205,673$1,803,008$3,824,466
64$4,506,802$2,235,647$1,785,305$4,092,774
65$4,885,932$2,264,630$1,764,549$4,385,989
66$5,301,195$2,292,495$1,740,560$4,706,621
67$5,756,198$2,319,108$1,713,149$5,057,438
68$6,254,910$2,344,325$1,682,120$5,441,491
69$6,801,707$2,367,992$1,647,266$5,862,142
70$7,401,403$2,389,946$1,608,372$6,323,099
71$8,059,305$2,410,012$1,565,211$6,828,447
72$8,781,256$2,428,004$1,517,548$7,382,691
73$9,573,693$2,443,726$1,465,135$7,990,795
74$10,443,706$2,456,965$1,407,713$8,658,232
75$11,399,106$2,467,498$1,345,013$9,391,034
76$12,448,496$2,475,086$1,276,753$10,195,852
77$13,601,354$2,479,477$1,202,635$11,080,013
78$14,868,122$2,480,401$1,122,353$12,051,598
79$16,260,302$2,477,572$1,035,584$13,119,512
80$17,790,567$2,470,688$941,990$14,293,570
81$19,472,878$2,459,424$841,220$15,584,593
82$21,322,616$2,443,441$732,905$17,004,507
83$23,356,728$2,422,375$616,663$18,566,455
84$25,593,885$2,395,841$492,091$20,284,928
85$28,054,656$2,363,433$358,772$22,175,896
86$30,761,708$2,324,717$216,267$24,256,961
87$33,740,011$2,279,238$64,121$26,547,525
88$37,017,080$2,226,509$0$29,068,972
89$40,623,232$2,166,017$0$31,870,032
90$44,591,869$2,097,219$0$34,970,682
91$48,959,796$2,019,539$0$38,383,252
92$53,767,568$1,932,369$0$42,139,438
93$59,059,870$1,835,065$0$46,274,169
94$64,885,939$1,726,946$0$50,825,932
95$71,300,028$1,607,290$0$55,837,138
96$78,361,920$1,475,336$0$61,354,521
97$86,137,488$1,330,280$0$67,429,576
98$94,699,317$1,171,269$0$74,119,052
99$104,127,391$997,404$0$81,485,480
100$114,509,844$807,736$0$89,597,767