Can I retire at age 53 with 1,850,000?

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 $1,850,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$152,771$151,410$150,083$148,787$147,522$143,606
2 years$75,629$74,221$72,856$71,532$70,248$66,331
3 years$49,919$48,504$47,142$45,831$44,568$40,771
4 years$37,066$35,656$34,308$33,019$31,787$28,139
5 years$29,356$27,954$26,624$25,362$24,164$20,676
6 years$24,218$22,827$21,516$20,282$19,120$15,796
7 years$20,550$19,170$17,880$16,675$15,550$12,389
8 years$17,799$16,432$15,164$13,988$12,900$9,901
9 years$15,661$14,307$13,061$11,915$10,864$8,024
10 years$13,952$12,611$11,386$10,271$9,256$6,572
11 years$12,554$11,227$10,024$8,939$7,961$5,428
12 years$11,391$10,077$8,896$7,840$6,899$4,513
13 years$10,407$9,106$7,948$6,922$6,016$3,772
14 years$9,564$8,277$7,142$6,144$5,273$3,166
15 years$8,834$7,562$6,448$5,480$4,643$2,667
16 years$8,196$6,938$5,846$4,907$4,104$2,254
17 years$7,634$6,389$5,320$4,408$3,638$1,909
18 years$7,135$5,904$4,856$3,973$3,235$1,620
19 years$6,689$5,472$4,446$3,590$2,884$1,377
20 years$6,288$5,085$4,080$3,251$2,576$1,173
21 years$5,925$4,736$3,753$2,951$2,305$999
22 years$5,596$4,421$3,459$2,683$2,066$853
23 years$5,296$4,135$3,194$2,443$1,855$728
24 years$5,022$3,874$2,953$2,229$1,667$622
25 years$4,770$3,636$2,736$2,035$1,500$532
26 years$4,537$3,417$2,537$1,861$1,351$455
27 years$4,322$3,216$2,356$1,703$1,218$390
28 years$4,123$3,030$2,190$1,561$1,099$334
29 years$3,938$2,859$2,038$1,431$993$286
30 years$3,766$2,700$1,898$1,313$897$245
31 years$3,605$2,552$1,770$1,206$811$210
32 years$3,454$2,415$1,651$1,109$733$180
33 years$3,313$2,287$1,542$1,019$664$154
34 years$3,180$2,167$1,441$938$601$132
35 years$3,056$2,056$1,347$863$544$114
36 years$2,938$1,951$1,260$795$493$97
37 years$2,827$1,853$1,179$733$447$84
38 years$2,722$1,761$1,104$675$405$72
39 years$2,623$1,675$1,035$623$367$62
40 years$2,529$1,593$970$574$333$53
41 years$2,440$1,517$909$530$302$45
42 years$2,355$1,444$853$489$274$39
43 years$2,275$1,376$800$451$249$33
44 years$2,198$1,312$751$417$226$29
45 years$2,125$1,251$705$385$205$25
46 years$2,055$1,193$663$356$186$21
47 years$1,989$1,139$622$329$169$18
48 years$1,925$1,087$585$304$154$16
49 years$1,864$1,038$550$281$140$13
50 years$1,806$992$517$259$127$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,850,000, adding $4,839 every year, while hoping to spend $58,716 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: 70/11/19 Blend
52$1,850,000$1,850,000$1,850,000$1,850,000
53$2,043,691$1,945,641$1,916,966$2,177,021
54$2,189,675$1,978,504$1,918,711$2,299,377
55$2,348,580$2,011,010$1,918,547$2,425,839
56$2,521,664$2,043,078$1,916,347$2,562,793
57$2,710,309$2,074,624$1,911,980$2,711,271
58$2,916,035$2,105,556$1,905,306$2,872,406
59$3,140,518$2,135,775$1,896,181$3,047,453
60$3,385,601$2,165,178$1,884,453$3,237,790
61$3,653,311$2,193,650$1,869,961$3,444,939
62$3,945,882$2,221,073$1,852,538$3,670,575
63$4,265,774$2,247,317$1,832,010$3,916,547
64$4,615,694$2,272,246$1,808,193$4,184,890
65$4,998,621$2,295,713$1,780,894$4,477,851
66$5,417,839$2,317,562$1,749,913$4,797,904
67$5,876,962$2,337,626$1,715,039$5,147,776
68$6,379,971$2,355,728$1,676,051$5,530,474
69$6,931,249$2,371,679$1,632,719$5,949,314
70$7,535,623$2,385,279$1,584,802$6,407,949
71$8,198,411$2,396,312$1,532,048$6,910,407
72$8,925,470$2,404,552$1,474,192$7,461,127
73$9,723,249$2,409,756$1,410,958$8,065,003
74$10,598,854$2,411,668$1,342,059$8,727,432
75$11,560,112$2,410,014$1,267,193$9,454,358
76$12,615,643$2,404,505$1,186,044$10,252,339
77$13,774,946$2,394,833$1,098,283$11,128,599
78$15,048,481$2,380,670$1,003,566$12,091,105
79$16,447,774$2,361,671$901,534$13,148,636
80$17,985,522$2,337,468$791,811$14,310,871
81$19,675,713$2,307,671$674,004$15,588,480
82$21,533,756$2,271,868$547,704$16,993,220
83$23,576,631$2,229,621$412,483$18,538,056
84$25,823,041$2,180,467$267,895$20,237,275
85$28,293,595$2,123,914$113,474$22,106,627
86$31,010,999$2,059,442$0$24,163,472
87$34,000,269$1,986,503$0$26,437,348
88$37,288,968$1,904,514$0$28,964,170
89$40,907,466$1,812,858$0$31,744,264
90$44,889,224$1,710,884$0$34,803,365
91$49,271,110$1,597,903$0$38,169,835
92$54,093,749$1,473,186$0$41,874,926
93$59,401,903$1,335,963$0$45,953,078
94$65,244,892$1,185,420$0$50,442,241
95$71,677,062$1,020,697$0$55,384,239
96$78,758,294$840,883$0$60,825,159
97$86,554,572$645,019$0$66,815,787
98$95,138,604$432,090$0$73,412,094
99$104,590,503$201,024$0$80,675,755
100$114,998,551$0$0$88,674,737