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

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 $1,830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$151,120$149,774$148,460$147,178$145,927$141,256
2 years$74,812$73,418$72,068$70,759$69,489$64,826
3 years$49,379$47,980$46,633$45,336$44,087$39,578
4 years$36,665$35,270$33,937$32,662$31,443$27,123
5 years$29,039$27,652$26,336$25,088$23,902$19,783
6 years$23,956$22,580$21,284$20,063$18,913$14,998
7 years$20,327$18,963$17,687$16,495$15,381$11,670
8 years$17,607$16,255$15,000$13,837$12,760$9,250
9 years$15,492$14,153$12,919$11,786$10,746$7,433
10 years$13,801$12,475$11,263$10,160$9,156$6,035
11 years$12,419$11,106$9,916$8,842$7,875$4,940
12 years$11,267$9,968$8,800$7,756$6,824$4,069
13 years$10,294$9,008$7,862$6,847$5,951$3,369
14 years$9,460$8,188$7,064$6,078$5,216$2,801
15 years$8,739$7,480$6,378$5,421$4,593$2,336
16 years$8,108$6,863$5,783$4,853$4,059$1,954
17 years$7,551$6,320$5,262$4,361$3,599$1,638
18 years$7,058$5,840$4,804$3,930$3,200$1,376
19 years$6,616$5,413$4,398$3,551$2,852$1,158
20 years$6,220$5,030$4,036$3,216$2,548$975
21 years$5,861$4,685$3,712$2,919$2,280$822
22 years$5,536$4,373$3,421$2,654$2,044$694
23 years$5,239$4,090$3,159$2,417$1,835$586
24 years$4,967$3,832$2,922$2,204$1,649$495
25 years$4,718$3,596$2,706$2,013$1,484$419
26 years$4,488$3,380$2,510$1,841$1,337$354
27 years$4,276$3,181$2,330$1,685$1,205$300
28 years$4,079$2,997$2,166$1,544$1,087$254
29 years$3,896$2,828$2,016$1,416$982$215
30 years$3,725$2,670$1,878$1,299$887$182
31 years$3,566$2,524$1,751$1,193$802$154
32 years$3,417$2,389$1,633$1,097$726$131
33 years$3,277$2,262$1,525$1,008$657$111
34 years$3,146$2,144$1,425$928$594$94
35 years$3,023$2,034$1,332$854$538$80
36 years$2,906$1,930$1,246$787$488$68
37 years$2,797$1,833$1,167$725$442$57
38 years$2,693$1,742$1,092$668$401$49
39 years$2,595$1,657$1,023$616$364$41
40 years$2,502$1,576$959$568$330$35
41 years$2,414$1,500$899$524$299$30
42 years$2,330$1,429$844$484$271$25
43 years$2,250$1,361$792$447$246$21
44 years$2,174$1,298$743$412$224$18
45 years$2,102$1,237$698$381$203$15
46 years$2,033$1,181$655$352$184$13
47 years$1,967$1,127$616$325$167$11
48 years$1,904$1,075$579$300$152$9
49 years$1,844$1,027$544$278$138$8
50 years$1,787$981$511$257$125$7

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 $5,304 every year, while hoping to spend $57,814 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: 40/43/17 Blend
52$1,830,000$1,830,000$1,830,000$1,830,000
53$2,022,131$1,925,141$1,896,776$2,092,613
54$2,166,875$1,957,959$1,898,804$2,176,102
55$2,324,445$1,990,448$1,898,963$2,260,372
56$2,496,088$2,022,530$1,897,128$2,350,316
57$2,683,177$2,054,122$1,893,170$2,446,479
58$2,887,223$2,085,136$1,886,953$2,549,463
59$3,109,888$2,115,476$1,878,334$2,659,933
60$3,353,002$2,145,039$1,867,164$2,778,624
61$3,618,579$2,173,717$1,853,285$2,906,345
62$3,908,838$2,201,393$1,836,534$3,043,995
63$4,226,220$2,227,942$1,816,738$3,192,562
64$4,573,414$2,253,230$1,793,718$3,353,140
65$4,953,379$2,277,115$1,767,284$3,526,937
66$5,369,374$2,299,445$1,737,240$3,715,285
67$5,824,990$2,320,058$1,703,377$3,919,659
68$6,324,179$2,338,781$1,665,480$4,141,685
69$6,871,295$2,355,430$1,623,322$4,383,158
70$7,471,130$2,369,809$1,576,667$4,646,063
71$8,128,966$2,381,710$1,525,266$4,932,589
72$8,850,618$2,390,912$1,468,860$5,245,156
73$9,642,492$2,397,178$1,407,178$5,586,432
74$10,511,645$2,400,258$1,339,937$5,959,366
75$11,465,848$2,399,886$1,266,841$6,367,212
76$12,513,664$2,395,780$1,187,579$6,813,562
77$13,664,523$2,387,638$1,101,828$7,302,381
78$14,928,815$2,375,143$1,009,250$7,838,047
79$16,317,986$2,357,957$909,492$8,425,390
80$17,844,645$2,335,722$802,185$9,069,742
81$19,522,684$2,308,057$686,942$9,776,989
82$21,367,406$2,274,560$563,363$10,553,623
83$23,395,671$2,234,804$431,026$11,406,811
84$25,626,057$2,188,337$289,493$12,344,460
85$28,079,029$2,134,679$138,305$13,375,296
86$30,777,137$2,073,325$0$14,508,945
87$33,745,223$2,003,736$0$15,760,210
88$37,010,663$1,925,346$0$17,163,673
89$40,603,615$1,837,553$0$18,707,244
90$44,557,311$1,739,720$0$20,405,283
91$48,908,366$1,631,175$0$22,273,627
92$53,697,124$1,511,208$0$24,329,738
93$58,968,038$1,379,065$0$26,592,871
94$64,770,091$1,233,952$0$29,084,257
95$71,157,254$1,075,030$0$31,827,309
96$78,188,997$901,409$0$34,847,839
97$85,930,849$712,152$0$38,174,308
98$94,455,017$506,269$0$41,838,099
99$103,841,066$282,713$0$45,873,810
100$114,176,668$40,380$0$50,319,588