Can I retire at age 53 with 1,840,000?

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 $1,840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$151,945$150,592$149,272$147,983$146,724$145,192
2 years$75,221$73,820$72,462$71,146$69,869$68,326
3 years$49,649$48,242$46,888$45,584$44,328$42,822
4 years$36,866$35,463$34,122$32,840$31,615$30,158
5 years$29,198$27,803$26,480$25,225$24,033$22,629
6 years$24,087$22,704$21,400$20,172$19,017$17,667
7 years$20,438$19,066$17,783$16,585$15,466$14,171
8 years$17,703$16,343$15,082$13,913$12,830$11,591
9 years$15,577$14,230$12,990$11,850$10,805$9,620
10 years$13,877$12,543$11,325$10,215$9,206$8,076
11 years$12,487$11,166$9,970$8,890$7,918$6,840
12 years$11,329$10,022$8,848$7,798$6,861$5,836
13 years$10,350$9,057$7,905$6,884$5,983$5,009
14 years$9,512$8,233$7,103$6,111$5,245$4,320
15 years$8,786$7,521$6,413$5,450$4,618$3,741
16 years$8,152$6,900$5,814$4,880$4,081$3,251
17 years$7,593$6,355$5,291$4,385$3,619$2,833
18 years$7,096$5,872$4,830$3,951$3,218$2,475
19 years$6,652$5,442$4,422$3,570$2,868$2,167
20 years$6,254$5,057$4,058$3,234$2,562$1,901
21 years$5,893$4,711$3,732$2,935$2,292$1,671
22 years$5,566$4,397$3,440$2,668$2,055$1,470
23 years$5,268$4,113$3,176$2,430$1,845$1,295
24 years$4,995$3,853$2,938$2,216$1,658$1,142
25 years$4,744$3,616$2,721$2,024$1,492$1,008
26 years$4,513$3,398$2,523$1,851$1,344$891
27 years$4,299$3,198$2,343$1,694$1,212$787
28 years$4,101$3,014$2,178$1,552$1,093$697
29 years$3,917$2,843$2,027$1,423$987$617
30 years$3,745$2,685$1,888$1,306$892$546
31 years$3,585$2,538$1,760$1,200$806$484
32 years$3,436$2,402$1,642$1,103$729$429
33 years$3,295$2,274$1,533$1,014$660$380
34 years$3,163$2,156$1,433$933$598$337
35 years$3,039$2,045$1,340$859$541$299
36 years$2,922$1,941$1,253$791$491$265
37 years$2,812$1,843$1,173$729$445$235
38 years$2,708$1,752$1,098$672$403$209
39 years$2,609$1,666$1,029$619$365$185
40 years$2,516$1,585$965$571$332$165
41 years$2,427$1,509$904$527$301$146
42 years$2,343$1,437$848$486$273$130
43 years$2,262$1,369$796$449$248$115
44 years$2,186$1,305$747$415$225$102
45 years$2,114$1,244$702$383$204$91
46 years$2,044$1,187$659$354$185$81
47 years$1,978$1,133$619$327$168$72
48 years$1,915$1,081$582$302$153$64
49 years$1,854$1,033$547$279$139$57
50 years$1,796$986$514$258$126$50

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,840,000, adding $4,187 every year, while hoping to spend $25,357 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: 66/17/17 Blend
52$1,840,000$1,840,000$1,840,000$1,840,000
53$2,031,999$1,934,479$1,905,959$2,157,405
54$2,212,283$2,002,289$1,942,829$2,309,646
55$2,410,106$2,072,571$1,980,084$2,472,675
56$2,627,231$2,145,421$2,017,711$2,650,268
57$2,865,598$2,220,936$2,055,694$2,843,850
58$3,127,346$2,299,219$2,094,016$3,054,994
59$3,414,830$2,380,376$2,132,661$3,285,428
60$3,730,646$2,464,517$2,171,607$3,537,054
61$4,077,650$2,551,757$2,210,835$3,811,971
62$4,458,993$2,642,215$2,250,320$4,112,484
63$4,878,144$2,736,018$2,290,040$4,441,136
64$5,338,925$2,833,292$2,329,966$4,800,724
65$5,845,546$2,934,175$2,370,071$5,194,331
66$6,402,648$3,038,805$2,410,324$5,625,350
67$7,015,341$3,147,330$2,450,693$6,097,520
68$7,689,256$3,259,900$2,491,142$6,614,957
69$8,430,600$3,376,674$2,531,634$7,182,196
70$9,246,206$3,497,816$2,572,130$7,804,232
71$10,143,609$3,623,499$2,612,586$8,486,565
72$11,131,107$3,753,901$2,652,958$9,235,257
73$12,217,845$3,889,206$2,693,196$10,056,983
74$13,413,898$4,029,610$2,733,251$10,959,096
75$14,730,368$4,175,314$2,773,067$11,949,698
76$16,179,488$4,326,526$2,812,588$13,037,714
77$17,774,736$4,483,467$2,851,750$14,232,975
78$19,530,966$4,646,363$2,890,490$15,546,313
79$21,464,542$4,815,453$2,928,739$16,989,661
80$23,593,498$4,990,982$2,966,424$18,576,166
81$25,937,703$5,173,209$3,003,468$20,320,313
82$28,519,054$5,362,402$3,039,790$22,238,062
83$31,361,678$5,558,840$3,075,303$24,346,994
84$34,492,160$5,762,814$3,109,917$26,666,482
85$37,939,796$5,974,628$3,143,535$29,217,872
86$41,736,869$6,194,598$3,176,057$32,024,680
87$45,918,950$6,423,054$3,207,375$35,112,821
88$50,525,239$6,660,339$3,237,378$38,510,846
89$55,598,929$6,906,812$3,265,946$42,250,213
90$61,187,620$7,162,845$3,292,955$46,365,588
91$67,343,761$7,428,829$3,318,273$50,895,165
92$74,125,151$7,705,168$3,341,762$55,881,030
93$81,595,482$7,992,286$3,363,276$61,369,557
94$89,824,937$8,290,624$3,382,662$67,411,845
95$98,890,859$8,600,643$3,399,759$74,064,200
96$108,878,473$8,922,821$3,414,398$81,388,664
97$119,881,698$9,257,660$3,426,401$89,453,605
98$132,004,027$9,605,681$3,435,581$98,334,354
99$145,359,506$9,967,428$3,441,742$108,113,925
100$160,073,814$10,343,470$3,444,678$118,883,790