Can I retire at age 53 with 1,830,000?

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 $1,830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$151,120$149,774$148,460$147,178$145,927$144,103
2 years$74,812$73,418$72,068$70,759$69,489$67,654
3 years$49,379$47,980$46,633$45,336$44,087$42,297
4 years$36,665$35,270$33,937$32,662$31,443$29,713
5 years$29,039$27,652$26,336$25,088$23,902$22,237
6 years$23,956$22,580$21,284$20,063$18,913$17,314
7 years$20,327$18,963$17,687$16,495$15,381$13,850
8 years$17,607$16,255$15,000$13,837$12,760$11,296
9 years$15,492$14,153$12,919$11,786$10,746$9,348
10 years$13,801$12,475$11,263$10,160$9,156$7,823
11 years$12,419$11,106$9,916$8,842$7,875$6,606
12 years$11,267$9,968$8,800$7,756$6,824$5,618
13 years$10,294$9,008$7,862$6,847$5,951$4,806
14 years$9,460$8,188$7,064$6,078$5,216$4,131
15 years$8,739$7,480$6,378$5,421$4,593$3,565
16 years$8,108$6,863$5,783$4,853$4,059$3,088
17 years$7,551$6,320$5,262$4,361$3,599$2,682
18 years$7,058$5,840$4,804$3,930$3,200$2,335
19 years$6,616$5,413$4,398$3,551$2,852$2,037
20 years$6,220$5,030$4,036$3,216$2,548$1,780
21 years$5,861$4,685$3,712$2,919$2,280$1,558
22 years$5,536$4,373$3,421$2,654$2,044$1,366
23 years$5,239$4,090$3,159$2,417$1,835$1,199
24 years$4,967$3,832$2,922$2,204$1,649$1,053
25 years$4,718$3,596$2,706$2,013$1,484$926
26 years$4,488$3,380$2,510$1,841$1,337$815
27 years$4,276$3,181$2,330$1,685$1,205$718
28 years$4,079$2,997$2,166$1,544$1,087$632
29 years$3,896$2,828$2,016$1,416$982$557
30 years$3,725$2,670$1,878$1,299$887$491
31 years$3,566$2,524$1,751$1,193$802$434
32 years$3,417$2,389$1,633$1,097$726$383
33 years$3,277$2,262$1,525$1,008$657$338
34 years$3,146$2,144$1,425$928$594$298
35 years$3,023$2,034$1,332$854$538$264
36 years$2,906$1,930$1,246$787$488$233
37 years$2,797$1,833$1,167$725$442$206
38 years$2,693$1,742$1,092$668$401$182
39 years$2,595$1,657$1,023$616$364$161
40 years$2,502$1,576$959$568$330$142
41 years$2,414$1,500$899$524$299$126
42 years$2,330$1,429$844$484$271$111
43 years$2,250$1,361$792$447$246$98
44 years$2,174$1,298$743$412$224$87
45 years$2,102$1,237$698$381$203$77
46 years$2,033$1,181$655$352$184$68
47 years$1,967$1,127$616$325$167$60
48 years$1,904$1,075$579$300$152$53
49 years$1,844$1,027$544$278$138$47
50 years$1,787$981$511$257$125$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,830,000, adding $5,237 every year, while hoping to spend $30,152 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: 65/23/12 Blend
52$1,830,000$1,830,000$1,830,000$1,830,000
53$2,022,062$1,925,072$1,896,707$2,147,654
54$2,196,231$1,987,319$1,928,165$2,294,389
55$2,387,154$2,051,606$1,959,667$2,450,647
56$2,596,510$2,118,000$1,991,181$2,620,621
57$2,826,144$2,186,572$2,022,676$2,805,646
58$3,078,092$2,257,395$2,054,117$3,007,194
59$3,354,594$2,330,545$2,085,467$3,226,883
60$3,658,120$2,406,099$2,116,687$3,466,495
61$3,991,388$2,484,137$2,147,736$3,727,993
62$4,357,394$2,564,744$2,178,569$4,013,538
63$4,759,437$2,648,006$2,209,140$4,325,507
64$5,201,153$2,734,011$2,239,400$4,666,520
65$5,686,545$2,822,853$2,269,295$5,039,462
66$6,220,027$2,914,626$2,298,770$5,447,508
67$6,806,457$3,009,430$2,327,766$5,894,157
68$7,451,191$3,107,368$2,356,221$6,383,262
69$8,160,127$3,208,544$2,384,070$6,919,065
70$8,939,766$3,313,068$2,411,242$7,506,240
71$9,797,268$3,421,055$2,437,664$8,149,935
72$10,740,523$3,532,620$2,463,260$8,855,820
73$11,778,224$3,647,886$2,487,947$9,630,141
74$12,919,949$3,766,979$2,511,639$10,479,779
75$14,176,251$3,890,028$2,534,246$11,412,313
76$15,558,757$4,017,168$2,555,672$12,436,093
77$17,080,280$4,148,538$2,575,816$13,560,317
78$18,754,935$4,284,283$2,594,573$14,795,118
79$20,598,278$4,424,553$2,611,831$16,151,662
80$22,627,448$4,569,501$2,627,473$17,642,246
81$24,861,330$4,719,289$2,641,375$19,280,424
82$27,320,733$4,874,081$2,653,408$21,081,124
83$30,028,586$5,034,050$2,663,437$23,060,795
84$33,010,157$5,199,374$2,671,317$25,237,562
85$36,293,286$5,370,236$2,676,898$27,631,392
86$39,908,650$5,546,827$2,680,024$30,264,287
87$43,890,055$5,729,344$2,680,528$33,160,489
88$48,274,752$5,917,993$2,678,236$36,346,707
89$53,103,787$6,112,984$2,672,967$39,852,374
90$58,422,391$6,314,539$2,664,529$43,709,916
91$64,280,406$6,522,882$2,652,723$47,955,067
92$70,732,755$6,738,251$2,637,336$52,627,199
93$77,839,960$6,960,889$2,618,151$57,769,694
94$85,668,712$7,191,049$2,594,936$63,430,357
95$94,292,503$7,428,993$2,567,448$69,661,864
96$103,792,317$7,674,992$2,535,436$76,522,256
97$114,257,394$7,929,327$2,498,633$84,075,493
98$125,786,073$8,192,290$2,456,763$92,392,052
99$138,486,723$8,464,182$2,409,535$101,549,592
100$152,478,759$8,745,317$2,356,644$111,633,690