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%14.6%
1 years$151,945$150,592$149,272$147,983$146,724$143,938
2 years$75,221$73,820$72,462$71,146$69,869$67,073
3 years$49,649$48,242$46,888$45,584$44,328$41,609
4 years$36,866$35,463$34,122$32,840$31,615$28,994
5 years$29,198$27,803$26,480$25,225$24,033$21,518
6 years$24,087$22,704$21,400$20,172$19,017$16,610
7 years$20,438$19,066$17,783$16,585$15,466$13,168
8 years$17,703$16,343$15,082$13,913$12,830$10,641
9 years$15,577$14,230$12,990$11,850$10,805$8,723
10 years$13,877$12,543$11,325$10,215$9,206$7,229
11 years$12,487$11,166$9,970$8,890$7,918$6,043
12 years$11,329$10,022$8,848$7,798$6,861$5,087
13 years$10,350$9,057$7,905$6,884$5,983$4,306
14 years$9,512$8,233$7,103$6,111$5,245$3,662
15 years$8,786$7,521$6,413$5,450$4,618$3,126
16 years$8,152$6,900$5,814$4,880$4,081$2,677
17 years$7,593$6,355$5,291$4,385$3,619$2,299
18 years$7,096$5,872$4,830$3,951$3,218$1,978
19 years$6,652$5,442$4,422$3,570$2,868$1,706
20 years$6,254$5,057$4,058$3,234$2,562$1,473
21 years$5,893$4,711$3,732$2,935$2,292$1,274
22 years$5,566$4,397$3,440$2,668$2,055$1,103
23 years$5,268$4,113$3,176$2,430$1,845$956
24 years$4,995$3,853$2,938$2,216$1,658$830
25 years$4,744$3,616$2,721$2,024$1,492$720
26 years$4,513$3,398$2,523$1,851$1,344$626
27 years$4,299$3,198$2,343$1,694$1,212$544
28 years$4,101$3,014$2,178$1,552$1,093$473
29 years$3,917$2,843$2,027$1,423$987$412
30 years$3,745$2,685$1,888$1,306$892$358
31 years$3,585$2,538$1,760$1,200$806$312
32 years$3,436$2,402$1,642$1,103$729$272
33 years$3,295$2,274$1,533$1,014$660$237
34 years$3,163$2,156$1,433$933$598$206
35 years$3,039$2,045$1,340$859$541$180
36 years$2,922$1,941$1,253$791$491$157
37 years$2,812$1,843$1,173$729$445$137
38 years$2,708$1,752$1,098$672$403$119
39 years$2,609$1,666$1,029$619$365$104
40 years$2,516$1,585$965$571$332$91
41 years$2,427$1,509$904$527$301$79
42 years$2,343$1,437$848$486$273$69
43 years$2,262$1,369$796$449$248$60
44 years$2,186$1,305$747$415$225$52
45 years$2,114$1,244$702$383$204$46
46 years$2,044$1,187$659$354$185$40
47 years$1,978$1,133$619$327$168$35
48 years$1,915$1,081$582$302$153$30
49 years$1,854$1,033$547$279$139$26
50 years$1,796$986$514$258$126$23

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 $2,141 every year, while hoping to spend $45,436 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: 65/30/5 Blend
52$1,840,000$1,840,000$1,840,000$1,840,000
53$2,029,888$1,932,368$1,903,848$2,160,324
54$2,188,594$1,978,711$1,919,284$2,293,566
55$2,361,964$2,025,801$1,933,713$2,433,442
56$2,551,447$2,073,629$1,947,056$2,585,039
57$2,758,637$2,122,179$1,959,225$2,749,491
58$2,985,289$2,171,437$1,970,130$2,928,045
59$3,233,336$2,221,385$1,979,677$3,122,075
60$3,504,905$2,272,001$1,987,765$3,333,095
61$3,802,340$2,323,264$1,994,290$3,562,769
62$4,128,222$2,375,147$1,999,141$3,812,932
63$4,485,391$2,427,620$2,002,203$4,085,606
64$4,876,979$2,480,652$2,003,355$4,383,015
65$5,306,433$2,534,205$2,002,469$4,707,611
66$5,777,548$2,588,240$1,999,411$5,062,095
67$6,294,508$2,642,714$1,994,041$5,449,442
68$6,861,919$2,697,578$1,986,213$5,872,928
69$7,484,855$2,752,780$1,975,771$6,336,163
70$8,168,905$2,808,261$1,962,554$6,843,126
71$8,920,228$2,863,960$1,946,394$7,398,199
72$9,745,605$2,919,808$1,927,112$8,006,209
73$10,652,509$2,975,731$1,904,523$8,672,476
74$11,649,173$3,031,650$1,878,432$9,402,862
75$12,744,664$3,087,476$1,848,636$10,203,826
76$13,948,975$3,143,118$1,814,920$11,082,483
77$15,273,113$3,198,473$1,777,062$12,046,676
78$16,729,205$3,253,433$1,734,828$13,105,045
79$18,330,613$3,307,880$1,687,974$14,267,112
80$20,092,058$3,361,688$1,636,244$15,543,369
81$22,029,759$3,414,723$1,579,370$16,945,378
82$24,161,588$3,466,838$1,517,072$18,485,879
83$26,507,235$3,517,877$1,449,058$20,178,913
84$29,088,394$3,567,674$1,375,023$22,039,952
85$31,928,970$3,616,050$1,294,646$24,086,046
86$35,055,302$3,662,814$1,207,594$26,335,985
87$38,496,411$3,707,760$1,113,517$28,810,475
88$42,284,276$3,750,672$1,012,051$31,532,334
89$46,454,132$3,791,314$902,814$34,526,709
90$51,044,805$3,829,440$785,409$37,821,311
91$56,099,075$3,864,782$659,421$41,446,681
92$61,664,083$3,897,059$524,414$45,436,474
93$67,791,773$3,925,969$379,935$49,827,780
94$74,539,384$3,951,191$225,513$54,661,473
95$81,969,985$3,972,383$60,652$59,982,598
96$90,153,076$3,989,183$0$65,840,797
97$99,165,241$4,001,204$0$72,296,928
98$109,090,868$4,008,035$0$79,408,983
99$120,022,948$4,009,240$0$87,240,197
100$132,063,952$4,004,356$0$95,863,821