Can I retire at age 53 with 1,820,000?

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 $1,820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$150,294$148,955$147,649$146,374$145,129$142,491
2 years$74,403$73,017$71,674$70,372$69,109$66,460
3 years$49,109$47,718$46,378$45,088$43,846$41,269
4 years$36,465$35,077$33,751$32,483$31,271$28,786
5 years$28,880$27,501$26,192$24,950$23,772$21,386
6 years$23,825$22,457$21,167$19,953$18,810$16,526
7 years$20,216$18,859$17,590$16,405$15,297$13,116
8 years$17,511$16,166$14,918$13,761$12,691$10,611
9 years$15,407$14,075$12,849$11,722$10,687$8,709
10 years$13,726$12,407$11,202$10,104$9,106$7,226
11 years$12,351$11,045$9,862$8,794$7,832$6,049
12 years$11,206$9,913$8,752$7,713$6,787$5,098
13 years$10,238$8,959$7,820$6,810$5,918$4,321
14 years$9,409$8,143$7,026$6,045$5,188$3,680
15 years$8,691$7,439$6,343$5,391$4,568$3,146
16 years$8,063$6,825$5,751$4,827$4,037$2,698
17 years$7,510$6,286$5,233$4,337$3,579$2,320
18 years$7,019$5,808$4,777$3,908$3,183$1,999
19 years$6,580$5,383$4,373$3,532$2,837$1,726
20 years$6,186$5,002$4,014$3,199$2,534$1,493
21 years$5,829$4,659$3,692$2,903$2,268$1,293
22 years$5,505$4,349$3,403$2,639$2,033$1,122
23 years$5,210$4,068$3,142$2,404$1,825$974
24 years$4,940$3,811$2,906$2,192$1,640$846
25 years$4,692$3,577$2,691$2,002$1,476$736
26 years$4,464$3,362$2,496$1,831$1,329$640
27 years$4,252$3,164$2,318$1,676$1,198$558
28 years$4,056$2,981$2,155$1,535$1,081$486
29 years$3,874$2,812$2,005$1,408$976$423
30 years$3,705$2,656$1,868$1,292$882$369
31 years$3,546$2,511$1,741$1,187$798$322
32 years$3,398$2,376$1,624$1,091$722$281
33 years$3,259$2,250$1,517$1,003$653$245
34 years$3,129$2,132$1,417$923$591$214
35 years$3,006$2,022$1,325$849$535$187
36 years$2,891$1,920$1,239$782$485$163
37 years$2,781$1,823$1,160$721$440$142
38 years$2,678$1,733$1,086$664$399$124
39 years$2,581$1,648$1,018$613$362$109
40 years$2,488$1,568$954$565$328$95
41 years$2,400$1,492$895$521$297$83
42 years$2,317$1,421$839$481$270$72
43 years$2,238$1,354$787$444$245$63
44 years$2,162$1,291$739$410$222$55
45 years$2,091$1,231$694$379$202$48
46 years$2,022$1,174$652$350$183$42
47 years$1,957$1,120$612$323$166$37
48 years$1,894$1,070$575$299$151$32
49 years$1,834$1,021$541$276$137$28
50 years$1,777$976$509$255$125$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,820,000, adding $3,446 every year, while hoping to spend $58,088 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: 46/31/23 Blend
52$1,820,000$1,820,000$1,820,000$1,820,000
53$2,009,195$1,912,735$1,884,525$2,088,216
54$2,152,327$1,944,653$1,885,851$2,176,031
55$2,308,113$1,976,189$1,885,275$2,265,256
56$2,477,780$2,007,262$1,882,671$2,360,889
57$2,662,682$2,037,787$1,877,909$2,463,558
58$2,864,307$2,067,670$1,870,851$2,573,955
59$3,084,294$2,096,813$1,861,352$2,692,844
60$3,324,446$2,125,111$1,849,261$2,821,069
61$3,586,748$2,152,451$1,834,421$2,959,562
62$3,873,387$2,178,711$1,816,664$3,109,353
63$4,186,768$2,203,763$1,795,817$3,271,577
64$4,529,539$2,227,469$1,771,699$3,447,490
65$4,904,619$2,249,681$1,744,117$3,638,478
66$5,315,218$2,270,244$1,712,873$3,846,070
67$5,764,874$2,288,990$1,677,758$4,071,956
68$6,257,481$2,305,740$1,638,553$4,317,999
69$6,797,329$2,320,306$1,595,029$4,586,260
70$7,389,141$2,332,485$1,546,947$4,879,009
71$8,038,120$2,342,064$1,494,057$5,198,755
72$8,749,997$2,348,813$1,436,096$5,548,267
73$9,531,082$2,352,491$1,372,791$5,930,600
74$10,388,329$2,352,839$1,303,856$6,349,128
75$11,329,395$2,349,585$1,228,991$6,807,572
76$12,362,715$2,342,436$1,147,884$7,310,039
77$13,497,582$2,331,086$1,060,209$7,861,063
78$14,744,233$2,315,207$965,623$8,465,645
79$16,113,944$2,294,451$863,770$9,129,304
80$17,619,137$2,268,450$754,278$9,858,131
81$19,273,501$2,236,816$636,758$10,658,842
82$21,092,111$2,199,133$510,803$11,538,852
83$23,091,580$2,154,964$375,988$12,506,338
84$25,290,210$2,103,846$231,872$13,570,321
85$27,708,163$2,045,286$77,991$14,740,753
86$30,367,655$1,978,765$0$16,028,612
87$33,293,163$1,903,732$0$17,467,169
88$36,511,656$1,819,604$0$19,070,420
89$40,052,846$1,725,766$0$20,834,067
90$43,949,473$1,621,565$0$22,774,492
91$48,237,610$1,506,313$0$24,909,757
92$52,957,004$1,379,280$0$27,259,773
93$58,151,449$1,239,695$0$29,846,487
94$63,869,202$1,086,746$0$32,694,097
95$70,163,434$919,570$0$35,829,276
96$77,092,735$737,259$0$39,281,425
97$84,721,662$538,853$0$43,082,959
98$93,121,352$323,337$0$47,269,606
99$102,370,189$89,640$0$51,880,751
100$112,554,548$0$0$56,959,811