Can I retire at age 53 with 1,800,000?

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 $1,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$148,642$147,318$146,027$144,766$143,535$138,387
2 years$73,585$72,215$70,887$69,599$68,350$63,219
3 years$48,570$47,193$45,868$44,593$43,364$38,412
4 years$36,064$34,692$33,380$32,127$30,928$26,192
5 years$28,563$27,199$25,905$24,676$23,511$19,003
6 years$23,564$22,210$20,935$19,734$18,603$14,328
7 years$19,994$18,652$17,397$16,224$15,129$11,085
8 years$17,318$15,988$14,754$13,610$12,551$8,735
9 years$15,238$13,921$12,708$11,593$10,570$6,976
10 years$13,575$12,270$11,079$9,993$9,006$5,628
11 years$12,215$10,924$9,754$8,697$7,746$4,577
12 years$11,083$9,804$8,656$7,628$6,712$3,745
13 years$10,125$8,860$7,734$6,735$5,853$3,080
14 years$9,305$8,054$6,949$5,978$5,131$2,543
15 years$8,595$7,357$6,274$5,332$4,518$2,106
16 years$7,975$6,750$5,688$4,774$3,993$1,749
17 years$7,428$6,217$5,176$4,289$3,540$1,455
18 years$6,942$5,744$4,725$3,866$3,148$1,213
19 years$6,508$5,324$4,325$3,493$2,806$1,013
20 years$6,118$4,947$3,970$3,163$2,506$847
21 years$5,765$4,608$3,651$2,871$2,243$709
22 years$5,445$4,302$3,365$2,610$2,010$593
23 years$5,153$4,023$3,107$2,377$1,804$497
24 years$4,886$3,769$2,874$2,168$1,622$417
25 years$4,641$3,537$2,662$1,980$1,459$350
26 years$4,415$3,325$2,468$1,811$1,315$294
27 years$4,206$3,129$2,292$1,657$1,185$246
28 years$4,012$2,948$2,131$1,518$1,069$207
29 years$3,832$2,781$1,983$1,392$966$174
30 years$3,664$2,627$1,847$1,278$873$146
31 years$3,507$2,483$1,722$1,174$789$123
32 years$3,361$2,350$1,607$1,079$714$103
33 years$3,224$2,225$1,500$992$646$87
34 years$3,095$2,109$1,402$913$585$73
35 years$2,973$2,000$1,310$840$530$61
36 years$2,859$1,898$1,226$774$480$52
37 years$2,751$1,803$1,147$713$435$43
38 years$2,649$1,714$1,074$657$394$36
39 years$2,552$1,629$1,007$606$358$31
40 years$2,461$1,550$944$559$324$26
41 years$2,374$1,476$885$516$294$22
42 years$2,292$1,405$830$476$267$18
43 years$2,213$1,339$779$439$242$15
44 years$2,139$1,276$731$406$220$13
45 years$2,068$1,217$686$375$200$11
46 years$2,000$1,161$645$346$181$9
47 years$1,935$1,108$606$320$165$8
48 years$1,873$1,058$569$295$149$6
49 years$1,814$1,010$535$273$136$5
50 years$1,757$965$503$252$123$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,800,000, adding $5,597 every year, while hoping to spend $47,610 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: 77/13/10 Blend
52$1,800,000$1,800,000$1,800,000$1,800,000
53$1,989,373$1,893,973$1,866,073$2,138,693
54$2,141,633$1,936,121$1,877,930$2,279,845
55$2,307,827$1,978,739$1,888,588$2,427,921
56$2,489,327$2,021,799$1,897,958$2,588,917
57$2,687,642$2,065,271$1,905,943$2,764,099
58$2,904,434$2,109,122$1,912,445$2,954,862
59$3,141,533$2,153,315$1,917,358$3,162,744
60$3,400,952$2,197,810$1,920,572$3,389,436
61$3,684,910$2,242,564$1,921,972$3,636,803
62$3,995,849$2,287,527$1,921,437$3,906,898
63$4,336,459$2,332,649$1,918,838$4,201,984
64$4,709,701$2,377,873$1,914,043$4,524,553
65$5,118,838$2,423,137$1,906,911$4,877,350
66$5,567,463$2,468,374$1,897,296$5,263,400
67$6,059,533$2,513,512$1,885,044$5,686,034
68$6,599,405$2,558,474$1,869,993$6,148,924
69$7,191,881$2,603,177$1,851,974$6,656,115
70$7,842,249$2,647,528$1,830,811$7,212,064
71$8,556,334$2,691,432$1,806,319$7,821,680
72$9,340,551$2,734,784$1,778,302$8,490,375
73$10,201,971$2,777,471$1,746,558$9,224,110
74$11,148,378$2,819,374$1,710,874$10,029,455
75$12,188,352$2,860,362$1,671,028$10,913,648
76$13,331,343$2,900,299$1,626,786$11,884,665
77$14,587,761$2,939,035$1,577,905$12,951,296
78$15,969,078$2,976,413$1,524,130$14,123,226
79$17,487,931$3,012,264$1,465,195$15,411,127
80$19,158,241$3,046,407$1,400,820$16,826,761
81$20,995,350$3,078,648$1,330,716$18,383,088
82$23,016,156$3,108,783$1,254,576$20,094,389
83$25,239,283$3,136,592$1,172,082$21,976,403
84$27,685,246$3,161,841$1,082,903$24,046,473
85$30,376,651$3,184,281$986,691$26,323,712
86$33,338,406$3,203,648$883,081$28,829,181
87$36,597,955$3,219,658$771,696$31,586,090
88$40,185,538$3,232,013$652,139$34,620,018
89$44,134,473$3,240,392$523,997$37,959,151
90$48,481,476$3,244,458$386,837$41,634,553
91$53,266,999$3,243,849$240,209$45,680,454
92$58,535,619$3,238,183$83,642$50,134,578
93$64,336,452$3,227,054$0$55,038,498
94$70,723,622$3,210,032$0$60,446,931
95$77,756,766$3,186,658$0$66,411,565
96$85,501,600$3,156,448$0$72,979,160
97$94,030,536$3,118,887$0$80,211,093
98$103,423,369$3,073,431$0$88,174,997
99$113,768,025$3,019,501$0$96,945,403
100$125,161,393$2,956,486$0$106,604,441