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%12.4%
1 years$150,294$148,955$147,649$146,374$145,129$143,674
2 years$74,403$73,017$71,674$70,372$69,109$67,643
3 years$49,109$47,718$46,378$45,088$43,846$42,414
4 years$36,465$35,077$33,751$32,483$31,271$29,886
5 years$28,880$27,501$26,192$24,950$23,772$22,437
6 years$23,825$22,457$21,167$19,953$18,810$17,526
7 years$20,216$18,859$17,590$16,405$15,297$14,066
8 years$17,511$16,166$14,918$13,761$12,691$11,512
9 years$15,407$14,075$12,849$11,722$10,687$9,560
10 years$13,726$12,407$11,202$10,104$9,106$8,030
11 years$12,351$11,045$9,862$8,794$7,832$6,806
12 years$11,206$9,913$8,752$7,713$6,787$5,810
13 years$10,238$8,959$7,820$6,810$5,918$4,990
14 years$9,409$8,143$7,026$6,045$5,188$4,306
15 years$8,691$7,439$6,343$5,391$4,568$3,732
16 years$8,063$6,825$5,751$4,827$4,037$3,245
17 years$7,510$6,286$5,233$4,337$3,579$2,830
18 years$7,019$5,808$4,777$3,908$3,183$2,475
19 years$6,580$5,383$4,373$3,532$2,837$2,168
20 years$6,186$5,002$4,014$3,199$2,534$1,904
21 years$5,829$4,659$3,692$2,903$2,268$1,674
22 years$5,505$4,349$3,403$2,639$2,033$1,474
23 years$5,210$4,068$3,142$2,404$1,825$1,299
24 years$4,940$3,811$2,906$2,192$1,640$1,147
25 years$4,692$3,577$2,691$2,002$1,476$1,013
26 years$4,464$3,362$2,496$1,831$1,329$896
27 years$4,252$3,164$2,318$1,676$1,198$793
28 years$4,056$2,981$2,155$1,535$1,081$702
29 years$3,874$2,812$2,005$1,408$976$622
30 years$3,705$2,656$1,868$1,292$882$551
31 years$3,546$2,511$1,741$1,187$798$488
32 years$3,398$2,376$1,624$1,091$722$433
33 years$3,259$2,250$1,517$1,003$653$384
34 years$3,129$2,132$1,417$923$591$341
35 years$3,006$2,022$1,325$849$535$303
36 years$2,891$1,920$1,239$782$485$269
37 years$2,781$1,823$1,160$721$440$239
38 years$2,678$1,733$1,086$664$399$212
39 years$2,581$1,648$1,018$613$362$189
40 years$2,488$1,568$954$565$328$168
41 years$2,400$1,492$895$521$297$149
42 years$2,317$1,421$839$481$270$132
43 years$2,238$1,354$787$444$245$118
44 years$2,162$1,291$739$410$222$105
45 years$2,091$1,231$694$379$202$93
46 years$2,022$1,174$652$350$183$83
47 years$1,957$1,120$612$323$166$74
48 years$1,894$1,070$575$299$151$65
49 years$1,834$1,021$541$276$137$58
50 years$1,777$976$509$255$125$52

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 $6,975 every year, while hoping to spend $20,411 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: 40/44/16 Blend
52$1,820,000$1,820,000$1,820,000$1,820,000
53$2,012,835$1,916,375$1,888,165$2,083,519
54$2,196,427$1,988,560$1,929,701$2,206,591
55$2,398,061$2,063,598$1,971,945$2,337,137
56$2,619,556$2,141,608$2,014,898$2,477,929
57$2,862,916$2,222,712$2,058,562$2,629,906
58$3,130,348$2,307,039$2,102,939$2,794,101
59$3,424,284$2,394,724$2,148,027$2,971,648
60$3,747,402$2,485,906$2,193,827$3,163,793
61$4,102,654$2,580,733$2,240,338$3,371,903
62$4,493,292$2,679,356$2,287,556$3,597,482
63$4,922,898$2,781,935$2,335,480$3,842,183
64$5,395,420$2,888,636$2,384,105$4,107,821
65$5,915,206$2,999,633$2,433,425$4,396,393
66$6,487,048$3,115,106$2,483,436$4,710,094
67$7,116,226$3,235,244$2,534,130$5,051,336
68$7,808,556$3,360,246$2,585,498$5,422,775
69$8,570,447$3,490,317$2,637,531$5,827,328
70$9,408,962$3,625,672$2,690,218$6,268,206
71$10,331,882$3,766,536$2,743,546$6,748,940
72$11,347,781$3,913,143$2,797,501$7,273,417
73$12,466,106$4,065,738$2,852,069$7,845,910
74$13,697,266$4,224,577$2,907,231$8,471,125
75$15,052,733$4,389,927$2,962,969$9,154,237
76$16,545,146$4,562,068$3,019,263$9,900,943
77$18,188,432$4,741,289$3,076,088$10,717,513
78$19,997,936$4,927,897$3,133,422$11,610,849
79$21,990,570$5,122,208$3,191,236$12,588,546
80$24,184,967$5,324,555$3,249,501$13,658,967
81$26,601,660$5,535,285$3,308,186$14,831,318
82$29,263,276$5,754,761$3,367,257$16,115,734
83$32,194,746$5,983,360$3,426,676$17,523,374
84$35,423,545$6,221,479$3,486,404$19,066,525
85$38,979,946$6,469,532$3,546,399$20,758,716
86$42,897,312$6,727,949$3,606,614$22,614,845
87$47,212,403$6,997,184$3,667,000$24,651,315
88$51,965,729$7,277,707$3,727,506$26,886,194
89$57,201,931$7,570,013$3,788,076$29,339,377
90$62,970,200$7,874,616$3,848,648$32,032,776
91$69,324,744$8,192,055$3,909,161$34,990,524
92$76,325,296$8,522,893$3,969,546$38,239,200
93$84,037,681$8,867,720$4,029,730$41,808,080
94$92,534,436$9,227,150$4,089,638$45,729,410
95$101,895,495$9,601,827$4,149,187$50,038,708
96$112,208,942$9,992,423$4,208,292$54,775,098
97$123,571,844$10,399,642$4,266,860$59,981,676
98$136,091,166$10,824,218$4,324,793$65,705,917
99$149,884,781$11,266,922$4,381,990$72,000,116
100$165,082,583$11,728,555$4,438,342$78,921,884