Can I retire at age 53 with 1,870,000?

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 $1,870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$154,423$153,047$151,705$150,395$149,116$145,276
2 years$76,447$75,023$73,643$72,306$71,008$67,164
3 years$50,458$49,028$47,652$46,327$45,050$41,324
4 years$37,467$36,041$34,679$33,376$32,130$28,549
5 years$29,674$28,257$26,912$25,636$24,425$21,000
6 years$24,480$23,074$21,749$20,501$19,327$16,060
7 years$20,772$19,377$18,073$16,855$15,718$12,611
8 years$17,992$16,610$15,328$14,139$13,039$10,090
9 years$15,831$14,462$13,202$12,044$10,981$8,187
10 years$14,103$12,747$11,510$10,382$9,356$6,714
11 years$12,690$11,348$10,133$9,035$8,047$5,552
12 years$11,514$10,186$8,993$7,925$6,973$4,622
13 years$10,519$9,205$8,034$6,997$6,081$3,869
14 years$9,667$8,367$7,219$6,211$5,330$3,252
15 years$8,930$7,643$6,518$5,539$4,693$2,743
16 years$8,285$7,013$5,909$4,960$4,148$2,321
17 years$7,716$6,458$5,377$4,456$3,678$1,969
18 years$7,212$5,968$4,909$4,016$3,270$1,673
19 years$6,761$5,531$4,494$3,629$2,915$1,425
20 years$6,356$5,140$4,124$3,286$2,604$1,215
21 years$5,989$4,787$3,793$2,983$2,330$1,037
22 years$5,657$4,469$3,496$2,712$2,088$886
23 years$5,354$4,180$3,228$2,470$1,875$758
24 years$5,076$3,916$2,985$2,253$1,685$649
25 years$4,821$3,675$2,765$2,057$1,516$556
26 years$4,586$3,454$2,564$1,881$1,366$476
27 years$4,369$3,251$2,381$1,722$1,231$408
28 years$4,168$3,063$2,214$1,577$1,111$350
29 years$3,981$2,890$2,060$1,447$1,003$301
30 years$3,807$2,729$1,919$1,328$907$258
31 years$3,644$2,580$1,789$1,219$820$222
32 years$3,492$2,441$1,669$1,121$741$190
33 years$3,349$2,312$1,558$1,030$671$163
34 years$3,215$2,191$1,456$948$607$140
35 years$3,089$2,078$1,361$873$550$121
36 years$2,970$1,972$1,274$804$499$104
37 years$2,858$1,873$1,192$741$452$89
38 years$2,752$1,780$1,116$683$410$77
39 years$2,652$1,693$1,046$629$371$66
40 years$2,557$1,611$980$581$337$57
41 years$2,466$1,533$919$536$306$49
42 years$2,381$1,460$862$494$277$42
43 years$2,299$1,391$809$456$252$36
44 years$2,222$1,326$759$421$228$31
45 years$2,148$1,265$713$389$207$27
46 years$2,078$1,206$670$359$188$23
47 years$2,010$1,151$629$332$171$20
48 years$1,946$1,099$591$307$155$17
49 years$1,885$1,049$556$284$141$14
50 years$1,826$1,002$523$262$128$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,870,000, adding $2,535 every year, while hoping to spend $48,071 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: 70/18/12 Blend
52$1,870,000$1,870,000$1,870,000$1,870,000
53$2,063,355$1,964,245$1,935,260$2,202,351
54$2,222,670$2,009,346$1,948,944$2,339,989
55$2,396,624$2,055,045$1,961,475$2,484,496
56$2,586,659$2,101,322$1,972,764$2,641,367
57$2,794,364$2,148,153$1,982,718$2,811,812
58$3,021,487$2,195,510$1,991,236$2,997,162
59$3,269,952$2,243,363$1,998,216$3,198,883
60$3,541,879$2,291,680$2,003,548$3,418,590
61$3,839,602$2,340,423$2,007,118$3,658,064
62$4,165,691$2,389,554$2,008,806$3,919,263
63$4,522,976$2,439,027$2,008,486$4,204,349
64$4,914,574$2,488,794$2,006,025$4,515,699
65$5,343,919$2,538,802$2,001,285$4,855,935
66$5,814,790$2,588,996$1,994,120$5,227,945
67$6,331,353$2,639,310$1,984,377$5,634,911
68$6,898,194$2,689,680$1,971,896$6,080,338
69$7,520,366$2,740,030$1,956,511$6,568,090
70$8,203,433$2,790,282$1,938,044$7,102,422
71$8,953,527$2,840,349$1,916,313$7,688,027
72$9,777,401$2,890,141$1,891,124$8,330,071
73$10,682,495$2,939,556$1,862,275$9,034,250
74$11,677,004$2,988,489$1,829,555$9,806,841
75$12,769,957$3,036,823$1,792,744$10,654,758
76$13,971,301$3,084,436$1,751,609$11,585,624
77$15,291,994$3,131,194$1,705,909$12,607,836
78$16,744,111$3,176,956$1,655,390$13,730,651
79$18,340,951$3,221,568$1,599,787$14,964,267
80$20,097,171$3,264,868$1,538,823$16,319,925
81$22,028,917$3,306,681$1,472,208$17,810,012
82$24,153,979$3,346,820$1,399,639$19,448,177
83$26,491,958$3,385,087$1,320,799$21,249,465
84$29,064,450$3,421,269$1,235,359$23,230,454
85$31,895,251$3,455,138$1,142,970$25,409,416
86$35,010,580$3,486,453$1,043,273$27,806,484
87$38,439,325$3,514,956$935,890$30,443,849
88$42,213,320$3,540,373$820,425$33,345,965
89$46,367,637$3,562,409$696,468$36,539,783
90$50,940,924$3,580,756$563,588$40,055,003
91$55,975,766$3,595,080$421,335$43,924,357
92$61,519,086$3,605,031$269,242$48,183,918
93$67,622,589$3,610,233$106,818$52,873,439
94$74,343,249$3,610,291$0$58,036,734
95$81,743,845$3,604,780$0$63,730,600
96$89,893,557$3,593,253$0$70,014,883
97$98,868,611$3,575,235$0$76,934,602
98$108,753,008$3,550,220$0$84,554,459
99$119,639,307$3,517,672$0$92,945,753
100$131,629,503$3,477,025$0$102,187,057