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

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 $1,840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$151,945$150,592$149,272$147,983$146,724$143,762
2 years$75,221$73,820$72,462$71,146$69,869$66,897
3 years$49,649$48,242$46,888$45,584$44,328$41,439
4 years$36,866$35,463$34,122$32,840$31,615$28,832
5 years$29,198$27,803$26,480$25,225$24,033$21,364
6 years$24,087$22,704$21,400$20,172$19,017$16,464
7 years$20,438$19,066$17,783$16,585$15,466$13,031
8 years$17,703$16,343$15,082$13,913$12,830$10,512
9 years$15,577$14,230$12,990$11,850$10,805$8,601
10 years$13,877$12,543$11,325$10,215$9,206$7,115
11 years$12,487$11,166$9,970$8,890$7,918$5,937
12 years$11,329$10,022$8,848$7,798$6,861$4,988
13 years$10,350$9,057$7,905$6,884$5,983$4,214
14 years$9,512$8,233$7,103$6,111$5,245$3,576
15 years$8,786$7,521$6,413$5,450$4,618$3,046
16 years$8,152$6,900$5,814$4,880$4,081$2,603
17 years$7,593$6,355$5,291$4,385$3,619$2,231
18 years$7,096$5,872$4,830$3,951$3,218$1,915
19 years$6,652$5,442$4,422$3,570$2,868$1,648
20 years$6,254$5,057$4,058$3,234$2,562$1,420
21 years$5,893$4,711$3,732$2,935$2,292$1,225
22 years$5,566$4,397$3,440$2,668$2,055$1,059
23 years$5,268$4,113$3,176$2,430$1,845$915
24 years$4,995$3,853$2,938$2,216$1,658$792
25 years$4,744$3,616$2,721$2,024$1,492$686
26 years$4,513$3,398$2,523$1,851$1,344$595
27 years$4,299$3,198$2,343$1,694$1,212$516
28 years$4,101$3,014$2,178$1,552$1,093$448
29 years$3,917$2,843$2,027$1,423$987$388
30 years$3,745$2,685$1,888$1,306$892$337
31 years$3,585$2,538$1,760$1,200$806$293
32 years$3,436$2,402$1,642$1,103$729$255
33 years$3,295$2,274$1,533$1,014$660$221
34 years$3,163$2,156$1,433$933$598$192
35 years$3,039$2,045$1,340$859$541$167
36 years$2,922$1,941$1,253$791$491$145
37 years$2,812$1,843$1,173$729$445$126
38 years$2,708$1,752$1,098$672$403$110
39 years$2,609$1,666$1,029$619$365$96
40 years$2,516$1,585$965$571$332$83
41 years$2,427$1,509$904$527$301$72
42 years$2,343$1,437$848$486$273$63
43 years$2,262$1,369$796$449$248$55
44 years$2,186$1,305$747$415$225$48
45 years$2,114$1,244$702$383$204$41
46 years$2,044$1,187$659$354$185$36
47 years$1,978$1,133$619$327$168$31
48 years$1,915$1,081$582$302$153$27
49 years$1,854$1,033$547$279$139$24
50 years$1,796$986$514$258$126$21

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 $4,638 every year, while hoping to spend $50,100 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: 82/9/9 Blend
52$1,840,000$1,840,000$1,840,000$1,840,000
53$2,032,464$1,934,944$1,906,424$2,196,184
54$2,186,469$1,976,450$1,916,983$2,345,540
55$2,354,504$2,018,311$1,926,217$2,502,347
56$2,537,946$2,060,491$1,934,028$2,672,979
57$2,738,313$2,102,952$1,940,314$2,858,795
58$2,957,274$2,145,650$1,944,968$3,061,289
59$3,196,669$2,188,539$1,947,877$3,282,108
60$3,458,521$2,231,569$1,948,923$3,523,066
61$3,745,059$2,274,685$1,947,981$3,786,161
62$4,058,738$2,317,827$1,944,921$4,073,592
63$4,402,260$2,360,932$1,939,606$4,387,783
64$4,778,601$2,403,928$1,931,894$4,731,405
65$5,191,040$2,446,742$1,921,634$5,107,397
66$5,643,186$2,489,292$1,908,668$5,519,000
67$6,139,014$2,531,491$1,892,832$5,969,783
68$6,682,904$2,573,244$1,873,952$6,463,678
69$7,279,678$2,614,451$1,851,848$7,005,018
70$7,934,649$2,655,003$1,826,329$7,598,575
71$8,653,670$2,694,785$1,797,197$8,249,608
72$9,443,186$2,733,671$1,764,245$8,963,911
73$10,310,298$2,771,528$1,727,254$9,747,869
74$11,262,828$2,808,213$1,685,997$10,608,515
75$12,309,395$2,843,573$1,640,236$11,553,600
76$13,459,490$2,877,446$1,589,721$12,591,665
77$14,723,573$2,909,655$1,534,192$13,732,120
78$16,113,166$2,940,017$1,473,376$14,985,333
79$17,640,963$2,968,332$1,406,988$16,362,731
80$19,320,949$2,994,387$1,334,730$17,876,905
81$21,168,532$3,017,959$1,256,290$19,541,727
82$23,200,690$3,038,807$1,171,343$21,372,486
83$25,436,127$3,056,674$1,079,549$23,386,029
84$27,895,450$3,071,290$980,552$25,600,920
85$30,601,367$3,082,364$873,982$28,037,615
86$33,578,895$3,089,589$759,449$30,718,657
87$36,855,602$3,092,638$636,550$33,668,889
88$40,461,860$3,091,164$504,861$36,915,685
89$44,431,136$3,084,797$363,940$40,489,212
90$48,800,306$3,073,147$213,327$44,422,713
91$53,610,004$3,055,797$52,540$48,752,822
92$58,905,001$3,032,308$0$53,519,908
93$64,734,631$3,002,211$0$58,779,892
94$71,153,254$2,965,011$0$64,576,494
95$78,220,772$2,920,182$0$70,958,742
96$86,003,188$2,867,168$0$77,986,228
97$94,573,233$2,805,379$0$85,724,618
98$104,011,051$2,734,191$0$94,246,274
99$114,404,953$2,652,942$0$103,630,937
100$125,852,255$2,560,932$0$113,966,476