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

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 $1,850,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$152,771$151,410$150,083$148,787$147,522$142,005
2 years$75,629$74,221$72,856$71,532$70,248$64,754
3 years$49,919$48,504$47,142$45,831$44,568$39,269
4 years$37,066$35,656$34,308$33,019$31,787$26,722
5 years$29,356$27,954$26,624$25,362$24,164$19,347
6 years$24,218$22,827$21,516$20,282$19,120$14,555
7 years$20,550$19,170$17,880$16,675$15,550$11,235
8 years$17,799$16,432$15,164$13,988$12,900$8,832
9 years$15,661$14,307$13,061$11,915$10,864$7,036
10 years$13,952$12,611$11,386$10,271$9,256$5,663
11 years$12,554$11,227$10,024$8,939$7,961$4,593
12 years$11,391$10,077$8,896$7,840$6,899$3,748
13 years$10,407$9,106$7,948$6,922$6,016$3,074
14 years$9,564$8,277$7,142$6,144$5,273$2,531
15 years$8,834$7,562$6,448$5,480$4,643$2,090
16 years$8,196$6,938$5,846$4,907$4,104$1,731
17 years$7,634$6,389$5,320$4,408$3,638$1,436
18 years$7,135$5,904$4,856$3,973$3,235$1,194
19 years$6,689$5,472$4,446$3,590$2,884$993
20 years$6,288$5,085$4,080$3,251$2,576$828
21 years$5,925$4,736$3,753$2,951$2,305$691
22 years$5,596$4,421$3,459$2,683$2,066$577
23 years$5,296$4,135$3,194$2,443$1,855$482
24 years$5,022$3,874$2,953$2,229$1,667$403
25 years$4,770$3,636$2,736$2,035$1,500$337
26 years$4,537$3,417$2,537$1,861$1,351$282
27 years$4,322$3,216$2,356$1,703$1,218$236
28 years$4,123$3,030$2,190$1,561$1,099$197
29 years$3,938$2,859$2,038$1,431$993$165
30 years$3,766$2,700$1,898$1,313$897$138
31 years$3,605$2,552$1,770$1,206$811$116
32 years$3,454$2,415$1,651$1,109$733$97
33 years$3,313$2,287$1,542$1,019$664$81
34 years$3,180$2,167$1,441$938$601$68
35 years$3,056$2,056$1,347$863$544$57
36 years$2,938$1,951$1,260$795$493$48
37 years$2,827$1,853$1,179$733$447$40
38 years$2,722$1,761$1,104$675$405$34
39 years$2,623$1,675$1,035$623$367$28
40 years$2,529$1,593$970$574$333$24
41 years$2,440$1,517$909$530$302$20
42 years$2,355$1,444$853$489$274$17
43 years$2,275$1,376$800$451$249$14
44 years$2,198$1,312$751$417$226$12
45 years$2,125$1,251$705$385$205$10
46 years$2,055$1,193$663$356$186$8
47 years$1,989$1,139$622$329$169$7
48 years$1,925$1,087$585$304$154$6
49 years$1,864$1,038$550$281$140$5
50 years$1,806$992$517$259$127$4

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 $4,304 every year, while hoping to spend $36,697 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: 73/6/21 Blend
52$1,850,000$1,850,000$1,850,000$1,850,000
53$2,043,140$1,945,090$1,916,415$2,181,602
54$2,212,494$2,001,354$1,941,569$2,330,514
55$2,397,894$2,059,145$1,966,336$2,488,777
56$2,600,935$2,118,499$1,990,665$2,661,238
57$2,823,378$2,179,453$2,014,500$2,849,304
58$3,067,160$2,242,044$2,037,783$3,054,524
59$3,334,415$2,306,309$2,060,454$3,278,603
60$3,627,495$2,372,287$2,082,448$3,523,421
61$3,948,987$2,440,017$2,103,697$3,791,049
62$4,301,743$2,509,537$2,124,131$4,083,766
63$4,688,903$2,580,887$2,143,672$4,404,086
64$5,113,929$2,654,108$2,162,242$4,754,778
65$5,580,629$2,729,239$2,179,757$5,138,892
66$6,093,204$2,806,322$2,196,129$5,559,789
67$6,656,276$2,885,397$2,211,265$6,021,171
68$7,274,941$2,966,506$2,225,067$6,527,118
69$7,954,811$3,049,691$2,237,433$7,082,126
70$8,702,070$3,134,994$2,248,255$7,691,149
71$9,523,528$3,222,456$2,257,419$8,359,644
72$10,426,692$3,312,120$2,264,806$9,093,625
73$11,419,829$3,404,028$2,270,292$9,899,721
74$12,512,049$3,498,223$2,273,744$10,785,233
75$13,713,388$3,594,746$2,275,024$11,758,208
76$15,034,904$3,693,640$2,273,989$12,827,514
77$16,488,782$3,794,946$2,270,485$14,002,922
78$18,088,446$3,898,706$2,264,354$15,295,200
79$19,848,686$4,004,961$2,255,429$16,716,212
80$21,785,800$4,113,753$2,243,534$18,279,034
81$23,917,745$4,225,120$2,228,486$19,998,074
82$26,264,307$4,339,103$2,210,092$21,889,211
83$28,847,287$4,455,740$2,188,151$23,969,942
84$31,690,708$4,575,068$2,162,451$26,259,549
85$34,821,039$4,697,126$2,132,772$28,779,279
86$38,267,448$4,821,947$2,098,882$31,552,549
87$42,062,071$4,949,566$2,060,539$34,605,163
88$46,240,324$5,080,017$2,017,488$37,965,556
89$50,841,228$5,213,328$1,969,465$41,665,065
90$55,907,782$5,349,530$1,916,191$45,738,223
91$61,487,369$5,488,650$1,857,376$50,223,086
92$67,632,198$5,630,712$1,792,717$55,161,591
93$74,399,804$5,775,738$1,721,894$60,599,953
94$81,853,583$5,923,748$1,644,576$66,589,103
95$90,063,394$6,074,758$1,560,415$73,185,166
96$99,106,220$6,228,780$1,469,049$80,449,992
97$109,066,889$6,385,826$1,370,097$88,451,743
98$120,038,879$6,545,899$1,263,163$97,265,531
99$132,125,199$6,709,001$1,147,832$106,974,132
100$145,439,356$6,875,130$1,023,672$117,668,768