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

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 $1,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$155,249$153,866$152,517$151,200$149,914$147,128
2 years$76,856$75,424$74,037$72,692$71,388$68,591
3 years$50,728$49,291$47,907$46,575$45,291$42,571
4 years$37,667$36,234$34,864$33,554$32,302$29,680
5 years$29,832$28,408$27,056$25,773$24,556$22,039
6 years$24,611$23,197$21,865$20,611$19,430$17,021
7 years$20,883$19,481$18,170$16,945$15,802$13,501
8 years$18,088$16,699$15,410$14,215$13,109$10,917
9 years$15,915$14,539$13,272$12,108$11,040$8,954
10 years$14,178$12,816$11,571$10,437$9,406$7,425
11 years$12,758$11,409$10,187$9,084$8,090$6,211
12 years$11,575$10,240$9,041$7,967$7,010$5,232
13 years$10,575$9,254$8,077$7,034$6,113$4,432
14 years$9,719$8,412$7,257$6,244$5,359$3,771
15 years$8,977$7,684$6,553$5,569$4,718$3,221
16 years$8,329$7,050$5,941$4,986$4,170$2,761
17 years$7,758$6,493$5,406$4,480$3,697$2,372
18 years$7,250$6,000$4,935$4,037$3,288$2,043
19 years$6,797$5,560$4,518$3,648$2,930$1,763
20 years$6,390$5,167$4,146$3,304$2,617$1,524
21 years$6,021$4,813$3,814$2,999$2,342$1,319
22 years$5,687$4,493$3,515$2,726$2,100$1,143
23 years$5,382$4,202$3,245$2,483$1,885$991
24 years$5,103$3,937$3,001$2,265$1,694$861
25 years$4,847$3,695$2,780$2,068$1,524$748
26 years$4,611$3,472$2,578$1,891$1,373$650
27 years$4,392$3,268$2,394$1,731$1,238$566
28 years$4,190$3,079$2,226$1,586$1,117$493
29 years$4,002$2,905$2,071$1,454$1,009$429
30 years$3,827$2,743$1,929$1,335$911$374
31 years$3,663$2,593$1,799$1,226$824$326
32 years$3,510$2,454$1,678$1,127$745$284
33 years$3,367$2,324$1,567$1,036$675$247
34 years$3,232$2,203$1,464$953$611$216
35 years$3,105$2,089$1,369$877$553$188
36 years$2,986$1,983$1,280$808$501$164
37 years$2,873$1,883$1,198$745$454$143
38 years$2,767$1,790$1,122$686$412$125
39 years$2,666$1,702$1,051$633$373$109
40 years$2,570$1,619$985$584$339$95
41 years$2,480$1,541$924$538$307$83
42 years$2,394$1,468$867$497$279$73
43 years$2,312$1,399$813$459$253$63
44 years$2,234$1,333$764$424$230$55
45 years$2,159$1,271$717$391$209$48
46 years$2,089$1,213$673$361$189$42
47 years$2,021$1,157$633$334$172$37
48 years$1,956$1,105$594$308$156$32
49 years$1,895$1,055$559$285$142$28
50 years$1,836$1,008$525$264$129$25

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 $2,735 every year, while hoping to spend $26,291 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: 56/19/25 Blend
52$1,880,000$1,880,000$1,880,000$1,880,000
53$2,074,581$1,974,941$1,945,801$2,176,426
54$2,258,215$2,043,740$1,983,012$2,315,381
55$2,459,698$2,115,029$2,020,588$2,463,703
56$2,680,824$2,188,901$2,058,515$2,624,755
57$2,923,567$2,265,457$2,096,774$2,799,770
58$3,190,103$2,344,796$2,135,348$2,990,107
59$3,482,828$2,427,025$2,174,216$3,197,260
60$3,804,381$2,512,255$2,213,358$3,422,874
61$4,157,672$2,600,599$2,252,749$3,668,762
62$4,545,904$2,692,178$2,292,365$3,936,918
63$4,972,606$2,787,114$2,332,179$4,229,537
64$5,441,667$2,885,538$2,372,162$4,549,039
65$5,957,370$2,987,582$2,412,283$4,898,084
66$6,524,436$3,093,388$2,452,509$5,279,606
67$7,148,064$3,203,100$2,492,803$5,696,833
68$7,833,983$3,316,868$2,533,129$6,153,320
69$8,588,506$3,434,851$2,573,445$6,652,985
70$9,418,587$3,557,212$2,613,709$7,200,141
71$10,331,889$3,684,122$2,653,875$7,799,538
72$11,336,855$3,815,757$2,693,893$8,456,410
73$12,442,787$3,952,302$2,733,711$9,176,521
74$13,659,937$4,093,950$2,773,275$9,966,221
75$14,999,596$4,240,900$2,812,526$10,832,505
76$16,474,212$4,393,360$2,851,402$11,783,077
77$18,097,494$4,551,548$2,889,837$12,826,427
78$19,884,553$4,715,688$2,927,761$13,971,904
79$21,852,037$4,886,017$2,965,101$15,229,813
80$24,018,292$5,062,778$3,001,778$16,611,502
81$26,403,530$5,246,227$3,037,711$18,129,475
82$29,030,027$5,436,629$3,072,811$19,797,509
83$31,922,327$5,634,261$3,106,988$21,630,783
84$35,107,476$5,839,412$3,140,143$23,646,019
85$38,615,275$6,052,380$3,172,175$25,861,642
86$42,478,566$6,273,479$3,202,975$28,297,954
87$46,733,535$6,503,034$3,232,430$30,977,321
88$51,420,058$6,741,386$3,260,419$33,924,389
89$56,582,078$6,988,887$3,286,817$37,166,314
90$62,268,014$7,245,907$3,311,490$40,733,016
91$68,531,225$7,512,830$3,334,298$44,657,463
92$75,430,507$7,790,056$3,355,094$48,975,983
93$83,030,653$8,078,003$3,373,724$53,728,604
94$91,403,060$8,377,105$3,390,024$58,959,430
95$100,626,406$8,687,817$3,403,823$64,717,062
96$110,787,390$9,010,611$3,414,943$71,055,053
97$121,981,554$9,345,981$3,423,192$78,032,412
98$134,314,178$9,694,439$3,428,375$85,714,161
99$147,901,280$10,056,523$3,430,282$94,171,952
100$162,870,710$10,432,792$3,428,695$103,484,736