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

Use the below retirement simulation to view the chances of a successful retirement.
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%17.6%
1 years$148,642$147,318$146,027$144,766$143,535$139,107
2 years$73,585$72,215$70,887$69,599$68,350$63,928
3 years$48,570$47,193$45,868$44,593$43,364$39,086
4 years$36,064$34,692$33,380$32,127$30,928$26,827
5 years$28,563$27,199$25,905$24,676$23,511$19,598
6 years$23,564$22,210$20,935$19,734$18,603$14,882
7 years$19,994$18,652$17,397$16,224$15,129$11,600
8 years$17,318$15,988$14,754$13,610$12,551$9,211
9 years$15,238$13,921$12,708$11,593$10,570$7,415
10 years$13,575$12,270$11,079$9,993$9,006$6,032
11 years$12,215$10,924$9,754$8,697$7,746$4,947
12 years$11,083$9,804$8,656$7,628$6,712$4,083
13 years$10,125$8,860$7,734$6,735$5,853$3,387
14 years$9,305$8,054$6,949$5,978$5,131$2,822
15 years$8,595$7,357$6,274$5,332$4,518$2,359
16 years$7,975$6,750$5,688$4,774$3,993$1,977
17 years$7,428$6,217$5,176$4,289$3,540$1,661
18 years$6,942$5,744$4,725$3,866$3,148$1,398
19 years$6,508$5,324$4,325$3,493$2,806$1,179
20 years$6,118$4,947$3,970$3,163$2,506$995
21 years$5,765$4,608$3,651$2,871$2,243$841
22 years$5,445$4,302$3,365$2,610$2,010$712
23 years$5,153$4,023$3,107$2,377$1,804$603
24 years$4,886$3,769$2,874$2,168$1,622$511
25 years$4,641$3,537$2,662$1,980$1,459$433
26 years$4,415$3,325$2,468$1,811$1,315$367
27 years$4,206$3,129$2,292$1,657$1,185$311
28 years$4,012$2,948$2,131$1,518$1,069$264
29 years$3,832$2,781$1,983$1,392$966$224
30 years$3,664$2,627$1,847$1,278$873$191
31 years$3,507$2,483$1,722$1,174$789$162
32 years$3,361$2,350$1,607$1,079$714$137
33 years$3,224$2,225$1,500$992$646$117
34 years$3,095$2,109$1,402$913$585$99
35 years$2,973$2,000$1,310$840$530$84
36 years$2,859$1,898$1,226$774$480$72
37 years$2,751$1,803$1,147$713$435$61
38 years$2,649$1,714$1,074$657$394$52
39 years$2,552$1,629$1,007$606$358$44
40 years$2,461$1,550$944$559$324$37
41 years$2,374$1,476$885$516$294$32
42 years$2,292$1,405$830$476$267$27
43 years$2,213$1,339$779$439$242$23
44 years$2,139$1,276$731$406$220$20
45 years$2,068$1,217$686$375$200$17
46 years$2,000$1,161$645$346$181$14
47 years$1,935$1,108$606$320$165$12
48 years$1,873$1,058$569$295$149$10
49 years$1,814$1,010$535$273$136$9
50 years$1,757$965$503$252$123$7

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 $2,539 every year, while hoping to spend $32,029 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: 26/48/26 Blend
52$1,800,000$1,800,000$1,800,000$1,800,000
53$1,986,219$1,890,819$1,862,919$2,021,588
54$2,154,735$1,949,391$1,891,248$2,109,131
55$2,339,366$2,009,759$1,919,453$2,200,070
56$2,541,721$2,071,977$1,947,495$2,296,978
57$2,763,576$2,136,103$1,975,335$2,400,380
58$3,006,881$2,202,192$2,002,929$2,510,853
59$3,273,787$2,270,304$2,030,232$2,629,031
60$3,566,665$2,340,501$2,057,196$2,755,611
61$3,888,124$2,412,844$2,083,771$2,891,358
62$4,241,037$2,487,398$2,109,902$3,037,114
63$4,628,572$2,564,229$2,135,532$3,193,805
64$5,054,216$2,643,407$2,160,603$3,362,448
65$5,521,812$2,724,999$2,185,049$3,544,162
66$6,035,593$2,809,081$2,208,804$3,740,179
67$6,600,222$2,895,724$2,231,798$3,951,853
68$7,220,836$2,985,007$2,253,955$4,180,676
69$7,903,097$3,077,007$2,275,197$4,428,286
70$8,653,238$3,171,806$2,295,442$4,696,490
71$9,478,131$3,269,487$2,314,602$4,987,275
72$10,385,344$3,370,135$2,332,585$5,302,827
73$11,383,216$3,473,840$2,349,294$5,645,555
74$12,480,937$3,580,690$2,364,628$6,018,109
75$13,688,629$3,690,780$2,378,479$6,423,409
76$15,017,447$3,804,206$2,390,736$6,864,668
77$16,479,680$3,921,066$2,401,279$7,345,427
78$18,088,870$4,041,461$2,409,985$7,869,581
79$19,859,938$4,165,496$2,416,723$8,441,425
80$21,809,324$4,293,278$2,421,355$9,065,685
81$23,955,144$4,424,916$2,423,738$9,747,570
82$26,317,356$4,560,525$2,423,722$10,492,814
83$28,917,956$4,700,221$2,421,146$11,307,736
84$31,781,179$4,844,123$2,415,846$12,199,294
85$34,933,728$4,992,354$2,407,646$13,175,157
86$38,405,030$5,145,041$2,396,363$14,243,768
87$42,227,509$5,302,313$2,381,807$15,414,433
88$46,436,893$5,464,305$2,363,776$16,697,402
89$51,072,552$5,631,152$2,342,059$18,103,968
90$56,177,871$5,802,997$2,316,436$19,646,573
91$61,800,654$5,979,984$2,286,677$21,338,925
92$67,993,578$6,162,261$2,252,538$23,196,127
93$74,814,693$6,349,981$2,213,768$25,234,821
94$82,327,963$6,543,301$2,170,100$27,473,341
95$90,603,875$6,742,383$2,121,258$29,931,891
96$99,720,101$6,947,391$2,066,952$32,632,730
97$109,762,234$7,158,495$2,006,876$35,600,386
98$120,824,590$7,375,870$1,940,715$38,861,886
99$133,011,105$7,599,694$1,868,136$42,447,010
100$146,436,310$7,830,152$1,788,791$46,388,574