Can I retire at age 53 with 1,790,000?

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 $1,790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$147,817$146,500$145,215$143,961$142,737$137,020
2 years$73,176$71,814$70,493$69,212$67,970$62,282
3 years$48,300$46,931$45,614$44,345$43,123$37,643
4 years$35,864$34,499$33,195$31,948$30,756$25,525
5 years$28,404$27,048$25,761$24,539$23,380$18,413
6 years$23,433$22,087$20,818$19,624$18,500$13,799
7 years$19,883$18,548$17,300$16,134$15,045$10,609
8 years$17,222$15,899$14,672$13,534$12,482$8,305
9 years$15,153$13,843$12,637$11,528$10,511$6,588
10 years$13,500$12,202$11,017$9,938$8,956$5,278
11 years$12,147$10,863$9,699$8,649$7,703$4,262
12 years$11,021$9,750$8,608$7,586$6,675$3,462
13 years$10,069$8,811$7,691$6,697$5,821$2,825
14 years$9,254$8,009$6,910$5,945$5,102$2,315
15 years$8,548$7,316$6,239$5,302$4,492$1,902
16 years$7,930$6,713$5,656$4,747$3,970$1,567
17 years$7,386$6,182$5,147$4,265$3,520$1,293
18 years$6,903$5,713$4,699$3,844$3,130$1,069
19 years$6,472$5,294$4,301$3,473$2,790$885
20 years$6,084$4,920$3,948$3,146$2,492$734
21 years$5,733$4,583$3,631$2,855$2,230$609
22 years$5,415$4,278$3,347$2,596$1,999$506
23 years$5,125$4,001$3,090$2,364$1,794$420
24 years$4,859$3,748$2,858$2,156$1,613$349
25 years$4,615$3,518$2,647$1,969$1,451$290
26 years$4,390$3,306$2,455$1,801$1,307$241
27 years$4,182$3,111$2,279$1,648$1,179$201
28 years$3,990$2,932$2,119$1,510$1,064$167
29 years$3,810$2,766$1,972$1,385$960$139
30 years$3,644$2,612$1,837$1,271$868$116
31 years$3,488$2,469$1,712$1,167$785$97
32 years$3,342$2,336$1,598$1,073$710$80
33 years$3,206$2,213$1,492$986$642$67
34 years$3,077$2,097$1,394$908$581$56
35 years$2,957$1,989$1,303$835$527$46
36 years$2,843$1,888$1,219$769$477$39
37 years$2,736$1,793$1,141$709$432$32
38 years$2,634$1,704$1,069$653$392$27
39 years$2,538$1,620$1,001$602$356$22
40 years$2,447$1,542$938$556$323$19
41 years$2,361$1,468$880$513$293$16
42 years$2,279$1,398$825$473$265$13
43 years$2,201$1,332$774$437$241$11
44 years$2,127$1,269$727$403$219$9
45 years$2,056$1,210$683$372$199$7
46 years$1,989$1,155$641$344$180$6
47 years$1,924$1,102$602$318$164$5
48 years$1,863$1,052$566$294$149$4
49 years$1,804$1,005$532$271$135$4
50 years$1,748$960$500$251$123$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,790,000, adding $3,638 every year, while hoping to spend $24,725 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: 61/10/29 Blend
52$1,790,000$1,790,000$1,790,000$1,790,000
53$1,976,333$1,881,463$1,853,718$2,081,194
54$2,151,611$1,947,347$1,889,510$2,218,969
55$2,343,940$2,015,631$1,925,673$2,366,321
56$2,555,031$2,086,406$1,962,192$2,526,656
57$2,786,772$2,159,768$1,999,053$2,701,248
58$3,041,241$2,235,815$2,036,239$2,891,500
59$3,320,727$2,314,650$2,073,734$3,098,955
60$3,627,754$2,396,380$2,111,516$3,325,317
61$3,965,099$2,481,117$2,149,566$3,572,456
62$4,335,823$2,568,976$2,187,861$3,842,438
63$4,743,300$2,660,078$2,226,377$4,137,534
64$5,191,244$2,754,549$2,265,087$4,460,247
65$5,683,747$2,852,519$2,303,965$4,813,334
66$6,225,321$2,954,124$2,342,979$5,199,832
67$6,820,933$3,059,505$2,382,098$5,623,085
68$7,476,057$3,168,810$2,421,287$6,086,780
69$8,196,725$3,282,191$2,460,510$6,594,975
70$8,989,581$3,399,809$2,499,728$7,152,142
71$9,861,947$3,521,829$2,538,898$7,763,208
72$10,821,891$3,648,423$2,577,976$8,433,602
73$11,878,301$3,779,773$2,616,915$9,169,302
74$13,040,970$3,916,065$2,655,664$9,976,897
75$14,320,692$4,057,494$2,694,171$10,863,647
76$15,729,355$4,204,264$2,732,379$11,837,548
77$17,280,062$4,356,586$2,770,227$12,907,413
78$18,987,251$4,514,681$2,807,651$14,082,950
79$20,866,828$4,678,778$2,844,586$15,374,857
80$22,936,323$4,849,117$2,880,958$16,794,921
81$25,215,050$5,025,946$2,916,692$18,356,129
82$27,724,293$5,209,525$2,951,709$20,072,792
83$30,487,504$5,400,125$2,985,924$21,960,678
84$33,530,525$5,598,027$3,019,249$24,037,162
85$36,881,834$5,803,525$3,051,588$26,321,390
86$40,572,808$6,016,925$3,082,844$28,834,457
87$44,638,027$6,238,547$3,112,911$31,599,609
88$49,115,591$6,468,721$3,141,680$34,642,462
89$54,047,489$6,707,796$3,169,033$37,991,242
90$59,479,986$6,956,131$3,194,849$41,677,052
91$65,464,067$7,214,104$3,218,999$45,734,165
92$72,055,914$7,482,107$3,241,347$50,200,348
93$79,317,436$7,760,549$3,261,751$55,117,220
94$87,316,856$8,049,858$3,280,062$60,530,639
95$96,129,351$8,350,477$3,296,120$66,491,143
96$105,837,766$8,662,871$3,309,760$73,054,419
97$116,533,390$8,987,524$3,320,810$80,281,833
98$128,316,823$9,324,940$3,329,084$88,241,010
99$141,298,923$9,675,646$3,334,392$97,006,466
100$155,601,852$10,040,191$3,336,533$106,660,320