Can I retire at age 53 with 1,880,000?

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 $1,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$155,249$153,866$152,517$151,200$149,914$146,647
2 years$76,856$75,424$74,037$72,692$71,388$68,113
3 years$50,728$49,291$47,907$46,575$45,291$42,111
4 years$37,667$36,234$34,864$33,554$32,302$29,240
5 years$29,832$28,408$27,056$25,773$24,556$21,621
6 years$24,611$23,197$21,865$20,611$19,430$16,626
7 years$20,883$19,481$18,170$16,945$15,802$13,129
8 years$18,088$16,699$15,410$14,215$13,109$10,566
9 years$15,915$14,539$13,272$12,108$11,040$8,625
10 years$14,178$12,816$11,571$10,437$9,406$7,118
11 years$12,758$11,409$10,187$9,084$8,090$5,924
12 years$11,575$10,240$9,041$7,967$7,010$4,964
13 years$10,575$9,254$8,077$7,034$6,113$4,182
14 years$9,719$8,412$7,257$6,244$5,359$3,540
15 years$8,977$7,684$6,553$5,569$4,718$3,007
16 years$8,329$7,050$5,941$4,986$4,170$2,562
17 years$7,758$6,493$5,406$4,480$3,697$2,189
18 years$7,250$6,000$4,935$4,037$3,288$1,874
19 years$6,797$5,560$4,518$3,648$2,930$1,608
20 years$6,390$5,167$4,146$3,304$2,617$1,381
21 years$6,021$4,813$3,814$2,999$2,342$1,188
22 years$5,687$4,493$3,515$2,726$2,100$1,024
23 years$5,382$4,202$3,245$2,483$1,885$882
24 years$5,103$3,937$3,001$2,265$1,694$761
25 years$4,847$3,695$2,780$2,068$1,524$657
26 years$4,611$3,472$2,578$1,891$1,373$568
27 years$4,392$3,268$2,394$1,731$1,238$491
28 years$4,190$3,079$2,226$1,586$1,117$425
29 years$4,002$2,905$2,071$1,454$1,009$367
30 years$3,827$2,743$1,929$1,335$911$318
31 years$3,663$2,593$1,799$1,226$824$275
32 years$3,510$2,454$1,678$1,127$745$238
33 years$3,367$2,324$1,567$1,036$675$206
34 years$3,232$2,203$1,464$953$611$179
35 years$3,105$2,089$1,369$877$553$155
36 years$2,986$1,983$1,280$808$501$134
37 years$2,873$1,883$1,198$745$454$116
38 years$2,767$1,790$1,122$686$412$101
39 years$2,666$1,702$1,051$633$373$87
40 years$2,570$1,619$985$584$339$76
41 years$2,480$1,541$924$538$307$66
42 years$2,394$1,468$867$497$279$57
43 years$2,312$1,399$813$459$253$49
44 years$2,234$1,333$764$424$230$43
45 years$2,159$1,271$717$391$209$37
46 years$2,089$1,213$673$361$189$32
47 years$2,021$1,157$633$334$172$28
48 years$1,956$1,105$594$308$156$24
49 years$1,895$1,055$559$285$142$21
50 years$1,836$1,008$525$264$129$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,880,000, adding $3,341 every year, while hoping to spend $36,254 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: 54/35/11 Blend
52$1,880,000$1,880,000$1,880,000$1,880,000
53$2,075,206$1,975,566$1,946,426$2,181,261
54$2,248,303$2,033,795$1,973,058$2,311,864
55$2,437,841$2,093,662$1,999,366$2,449,717
56$2,645,459$2,155,209$2,025,302$2,598,907
57$2,872,960$2,218,479$2,050,815$2,760,516
58$3,122,333$2,283,516$2,075,848$2,935,739
59$3,395,767$2,350,363$2,100,345$3,125,886
60$3,695,672$2,419,068$2,124,243$3,332,403
61$4,024,703$2,489,675$2,147,478$3,556,879
62$4,385,787$2,562,233$2,169,982$3,801,065
63$4,782,143$2,636,789$2,191,683$4,066,887
64$5,217,322$2,713,391$2,212,504$4,356,467
65$5,695,231$2,792,090$2,232,366$4,672,140
66$6,220,179$2,872,937$2,251,184$5,016,477
67$6,796,908$2,955,981$2,268,870$5,392,312
68$7,430,645$3,041,277$2,285,329$5,802,761
69$8,127,148$3,128,876$2,300,465$6,251,261
70$8,892,759$3,218,833$2,314,172$6,741,594
71$9,734,466$3,311,202$2,326,343$7,277,926
72$10,659,969$3,406,039$2,336,863$7,864,845
73$11,677,750$3,503,398$2,345,612$8,507,408
74$12,797,154$3,603,339$2,352,463$9,211,181
75$14,028,478$3,705,916$2,357,285$9,982,298
76$15,383,066$3,811,190$2,359,938$10,827,517
77$16,873,419$3,919,218$2,360,275$11,754,279
78$18,513,308$4,030,060$2,358,145$12,770,785
79$20,317,907$4,143,775$2,353,385$13,886,070
80$22,303,937$4,260,423$2,345,827$15,110,086
81$24,489,821$4,380,067$2,335,294$16,453,798
82$26,895,858$4,502,765$2,321,602$17,929,287
83$29,544,415$4,628,580$2,304,555$19,549,866
84$32,460,139$4,757,573$2,283,950$21,330,198
85$35,670,184$4,889,806$2,259,575$23,286,444
86$39,204,477$5,025,340$2,231,204$25,436,408
87$43,095,989$5,164,238$2,198,605$27,799,709
88$47,381,055$5,306,560$2,161,533$30,397,961
89$52,099,709$5,452,367$2,119,731$33,254,983
90$57,296,068$5,601,722$2,072,930$36,397,021
91$63,018,744$5,754,684$2,020,851$39,852,992
92$69,321,306$5,911,314$1,963,199$43,654,764
93$76,262,780$6,071,669$1,899,668$47,837,448
94$83,908,212$6,235,809$1,829,935$52,439,737
95$92,329,277$6,403,791$1,753,665$57,504,267
96$101,604,957$6,575,670$1,670,506$63,078,019
97$111,822,286$6,751,502$1,580,092$69,212,765
98$123,077,172$6,931,338$1,482,037$75,965,552
99$135,475,300$7,115,230$1,375,942$83,399,245
100$149,133,131$7,303,227$1,261,387$91,583,120