Can I retire at age 53 with 1,860,000?

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 $1,860,000?

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$153,597$152,229$150,894$149,591$148,319$142,773
2 years$76,038$74,622$73,250$71,919$70,628$65,104
3 years$50,189$48,766$47,397$46,079$44,809$39,481
4 years$37,266$35,848$34,493$33,197$31,958$26,866
5 years$29,515$28,106$26,768$25,499$24,294$19,452
6 years$24,349$22,950$21,633$20,392$19,223$14,634
7 years$20,661$19,274$17,977$16,765$15,634$11,296
8 years$17,896$16,521$15,246$14,064$12,970$8,880
9 years$15,746$14,385$13,131$11,979$10,922$7,074
10 years$14,027$12,679$11,448$10,326$9,306$5,693
11 years$12,622$11,288$10,079$8,987$8,004$4,618
12 years$11,452$10,131$8,945$7,883$6,936$3,769
13 years$10,463$9,156$7,991$6,959$6,048$3,091
14 years$9,615$8,322$7,180$6,178$5,302$2,544
15 years$8,882$7,602$6,483$5,509$4,668$2,101
16 years$8,241$6,975$5,878$4,933$4,126$1,740
17 years$7,675$6,424$5,348$4,432$3,658$1,444
18 years$7,173$5,936$4,882$3,994$3,253$1,200
19 years$6,725$5,501$4,470$3,609$2,899$999
20 years$6,322$5,112$4,102$3,269$2,590$832
21 years$5,957$4,762$3,773$2,967$2,317$694
22 years$5,626$4,445$3,477$2,697$2,077$580
23 years$5,325$4,157$3,211$2,457$1,865$484
24 years$5,049$3,895$2,969$2,241$1,676$405
25 years$4,795$3,655$2,750$2,046$1,508$338
26 years$4,562$3,435$2,551$1,871$1,358$283
27 years$4,346$3,233$2,369$1,713$1,225$237
28 years$4,146$3,047$2,202$1,569$1,105$198
29 years$3,959$2,874$2,049$1,439$998$166
30 years$3,786$2,714$1,909$1,321$902$139
31 years$3,624$2,566$1,779$1,213$815$116
32 years$3,473$2,428$1,660$1,115$737$98
33 years$3,331$2,299$1,550$1,025$667$82
34 years$3,198$2,179$1,448$943$604$68
35 years$3,072$2,067$1,354$868$547$57
36 years$2,954$1,962$1,267$800$496$48
37 years$2,843$1,863$1,186$737$449$40
38 years$2,737$1,771$1,110$679$407$34
39 years$2,637$1,684$1,040$626$369$28
40 years$2,543$1,602$975$577$335$24
41 years$2,453$1,525$914$533$304$20
42 years$2,368$1,452$858$492$276$17
43 years$2,287$1,384$805$454$250$14
44 years$2,210$1,319$755$419$227$12
45 years$2,136$1,258$709$387$206$10
46 years$2,066$1,200$666$358$187$8
47 years$2,000$1,145$626$330$170$7
48 years$1,936$1,093$588$305$154$6
49 years$1,874$1,044$553$282$140$5
50 years$1,816$997$520$261$127$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,860,000, adding $5,213 every year, while hoping to spend $48,719 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: 53/41/6 Blend
52$1,860,000$1,860,000$1,860,000$1,860,000
53$2,055,097$1,956,517$1,927,687$2,160,905
54$2,212,880$2,000,550$1,940,428$2,277,145
55$2,385,125$2,045,107$1,951,963$2,397,750
56$2,573,254$2,090,164$1,962,200$2,527,770
57$2,778,835$2,135,691$1,971,042$2,668,102
58$3,003,592$2,181,656$1,978,389$2,819,736
59$3,249,427$2,228,026$1,984,134$2,983,758
60$3,518,430$2,274,761$1,988,164$3,161,368
61$3,812,905$2,321,819$1,990,362$3,353,884
62$4,135,387$2,369,154$1,990,605$3,562,761
63$4,488,670$2,416,716$1,988,763$3,789,600
64$4,875,829$2,464,449$1,984,702$4,036,166
65$5,300,252$2,512,295$1,978,277$4,304,404
66$5,765,669$2,560,189$1,969,341$4,596,455
67$6,276,189$2,608,061$1,957,736$4,914,679
68$6,836,339$2,655,834$1,943,299$5,261,678
69$7,451,104$2,703,428$1,925,857$5,640,318
70$8,125,974$2,750,754$1,905,231$6,053,756
71$8,866,999$2,797,717$1,881,233$6,505,474
72$9,680,842$2,844,214$1,853,663$6,999,306
73$10,574,844$2,890,137$1,822,317$7,539,481
74$11,557,091$2,935,366$1,786,977$8,130,657
75$12,636,490$2,979,775$1,747,417$8,777,969
76$13,822,856$3,023,228$1,703,399$9,487,076
77$15,127,001$3,065,580$1,654,677$10,264,215
78$16,560,837$3,106,675$1,600,990$11,116,260
79$18,137,487$3,146,346$1,542,068$12,050,788
80$19,871,409$3,184,416$1,477,626$13,076,151
81$21,778,534$3,220,694$1,407,368$14,201,551
82$23,876,414$3,254,977$1,330,984$15,437,134
83$26,184,386$3,287,049$1,248,150$16,794,082
84$28,723,758$3,316,679$1,158,527$18,284,719
85$31,518,005$3,343,620$1,061,761$19,922,629
86$34,592,995$3,367,610$957,484$21,722,784
87$37,977,228$3,388,371$845,307$23,701,688
88$41,702,110$3,405,606$724,829$25,877,530
89$45,802,242$3,418,998$595,628$28,270,358
90$50,315,753$3,428,211$457,264$30,902,271
91$55,284,656$3,432,889$309,278$33,797,623
92$60,755,242$3,432,652$151,190$36,983,260
93$66,778,522$3,427,097$0$40,488,771
94$73,410,703$3,415,796$0$44,347,891
95$80,713,721$3,398,296$0$48,605,845
96$88,755,823$3,374,116$0$53,292,598
97$97,612,212$3,342,743$0$58,451,853
98$107,365,758$3,303,637$0$64,131,777
99$118,107,773$3,256,223$0$70,385,457
100$129,938,881$3,199,894$0$77,271,400