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%11%
1 years$148,642$147,318$146,027$144,766$143,535$142,930
2 years$73,585$72,215$70,887$69,599$68,350$67,739
3 years$48,570$47,193$45,868$44,593$43,364$42,766
4 years$36,064$34,692$33,380$32,127$30,928$30,348
5 years$28,563$27,199$25,905$24,676$23,511$22,950
6 years$23,564$22,210$20,935$19,734$18,603$18,063
7 years$19,994$18,652$17,397$16,224$15,129$14,610
8 years$17,318$15,988$14,754$13,610$12,551$12,052
9 years$15,238$13,921$12,708$11,593$10,570$10,091
10 years$13,575$12,270$11,079$9,993$9,006$8,547
11 years$12,215$10,924$9,754$8,697$7,746$7,307
12 years$11,083$9,804$8,656$7,628$6,712$6,293
13 years$10,125$8,860$7,734$6,735$5,853$5,453
14 years$9,305$8,054$6,949$5,978$5,131$4,749
15 years$8,595$7,357$6,274$5,332$4,518$4,154
16 years$7,975$6,750$5,688$4,774$3,993$3,647
17 years$7,428$6,217$5,176$4,289$3,540$3,212
18 years$6,942$5,744$4,725$3,866$3,148$2,836
19 years$6,508$5,324$4,325$3,493$2,806$2,510
20 years$6,118$4,947$3,970$3,163$2,506$2,226
21 years$5,765$4,608$3,651$2,871$2,243$1,978
22 years$5,445$4,302$3,365$2,610$2,010$1,760
23 years$5,153$4,023$3,107$2,377$1,804$1,568
24 years$4,886$3,769$2,874$2,168$1,622$1,399
25 years$4,641$3,537$2,662$1,980$1,459$1,249
26 years$4,415$3,325$2,468$1,811$1,315$1,117
27 years$4,206$3,129$2,292$1,657$1,185$999
28 years$4,012$2,948$2,131$1,518$1,069$894
29 years$3,832$2,781$1,983$1,392$966$801
30 years$3,664$2,627$1,847$1,278$873$718
31 years$3,507$2,483$1,722$1,174$789$644
32 years$3,361$2,350$1,607$1,079$714$578
33 years$3,224$2,225$1,500$992$646$519
34 years$3,095$2,109$1,402$913$585$466
35 years$2,973$2,000$1,310$840$530$418
36 years$2,859$1,898$1,226$774$480$376
37 years$2,751$1,803$1,147$713$435$338
38 years$2,649$1,714$1,074$657$394$304
39 years$2,552$1,629$1,007$606$358$273
40 years$2,461$1,550$944$559$324$246
41 years$2,374$1,476$885$516$294$221
42 years$2,292$1,405$830$476$267$199
43 years$2,213$1,339$779$439$242$179
44 years$2,139$1,276$731$406$220$161
45 years$2,068$1,217$686$375$200$145
46 years$2,000$1,161$645$346$181$130
47 years$1,935$1,108$606$320$165$117
48 years$1,873$1,058$569$295$149$106
49 years$1,814$1,010$535$273$136$95
50 years$1,757$965$503$252$123$86

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 $6,250 every year, while hoping to spend $32,000 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: 32/42/26 Blend
52$1,800,000$1,800,000$1,800,000$1,800,000
53$1,990,047$1,894,647$1,866,747$2,037,728
54$2,158,984$1,953,437$1,895,235$2,133,366
55$2,344,080$2,014,035$1,923,605$2,233,027
56$2,546,950$2,076,496$1,951,819$2,339,736
57$2,769,371$2,140,877$1,979,838$2,454,135
58$3,013,302$2,207,235$2,007,618$2,576,928
59$3,280,900$2,275,631$2,035,114$2,708,892
60$3,574,540$2,346,125$2,062,279$2,850,876
61$3,896,840$2,418,782$2,089,062$3,003,820
62$4,250,682$2,493,667$2,115,410$3,168,754
63$4,639,241$2,570,846$2,141,266$3,346,812
64$5,066,016$2,650,389$2,166,570$3,539,243
65$5,534,859$2,732,368$2,191,260$3,747,419
66$6,050,015$2,816,855$2,215,268$3,972,851
67$6,616,162$2,903,926$2,238,524$4,217,204
68$7,238,450$2,993,658$2,260,954$4,482,309
69$7,922,556$3,086,131$2,282,480$4,770,181
70$8,674,733$3,181,428$2,303,020$5,083,039
71$9,501,870$3,279,632$2,322,485$5,423,327
72$10,411,559$3,380,832$2,340,786$5,793,737
73$11,412,161$3,485,116$2,357,826$6,197,229
74$12,512,891$3,592,576$2,373,503$6,637,068
75$13,723,902$3,703,308$2,387,711$7,116,846
76$15,056,378$3,817,409$2,400,338$7,640,522
77$16,522,646$3,934,979$2,411,266$8,212,453
78$18,136,283$4,056,120$2,420,371$8,837,441
79$19,912,255$4,180,941$2,427,524$9,520,775
80$21,867,046$4,309,548$2,432,587$10,268,279
81$24,018,824$4,442,055$2,435,418$11,086,371
82$26,387,606$4,578,577$2,435,866$11,982,121
83$28,995,447$4,719,233$2,433,773$12,963,317
84$31,866,652$4,864,145$2,428,974$14,038,537
85$35,028,000$5,013,438$2,421,295$15,217,235
86$38,509,001$5,167,241$2,410,553$16,509,825
87$42,342,170$5,325,687$2,396,558$17,927,781
88$46,563,338$5,488,913$2,379,109$19,483,744
89$51,211,987$5,657,058$2,357,997$21,191,642
90$56,331,622$5,830,266$2,333,003$23,066,823
91$61,970,185$6,008,686$2,303,895$25,126,195
92$68,180,502$6,192,470$2,270,434$27,388,391
93$75,020,786$6,381,774$2,232,367$29,873,939
94$82,555,184$6,576,759$2,189,429$32,605,461
95$90,854,383$6,777,590$2,141,344$35,607,881
96$99,996,274$6,984,436$2,087,824$38,908,665
97$110,066,693$7,197,473$2,028,565$42,538,079
98$121,160,226$7,416,878$1,963,252$46,529,469
99$133,381,100$7,642,837$1,891,552$50,919,584
100$146,844,173$7,875,537$1,813,120$55,748,918