Can I retire at age 53 with 1,890,000?

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 $1,890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$156,074$154,684$153,328$152,004$150,711$145,538
2 years$77,265$75,826$74,431$73,079$71,767$66,608
3 years$50,998$49,553$48,162$46,822$45,532$40,548
4 years$37,867$36,427$35,049$33,733$32,474$27,704
5 years$29,991$28,559$27,200$25,910$24,686$20,143
6 years$24,742$23,320$21,981$20,720$19,533$15,221
7 years$20,994$19,585$18,267$17,035$15,886$11,803
8 years$18,184$16,788$15,492$14,291$13,179$9,322
9 years$16,000$14,617$13,343$12,172$11,098$7,463
10 years$14,254$12,884$11,633$10,493$9,456$6,037
11 years$12,826$11,470$10,241$9,132$8,133$4,922
12 years$11,637$10,295$9,089$8,010$7,048$4,039
13 years$10,632$9,303$8,120$7,071$6,146$3,330
14 years$9,771$8,456$7,296$6,277$5,387$2,757
15 years$9,025$7,725$6,587$5,598$4,743$2,290
16 years$8,373$7,088$5,972$5,013$4,192$1,907
17 years$7,799$6,527$5,435$4,504$3,717$1,592
18 years$7,289$6,032$4,961$4,059$3,305$1,331
19 years$6,833$5,590$4,542$3,667$2,946$1,115
20 years$6,424$5,195$4,168$3,322$2,631$935
21 years$6,053$4,839$3,834$3,015$2,355$784
22 years$5,717$4,517$3,534$2,741$2,111$659
23 years$5,411$4,224$3,263$2,496$1,895$554
24 years$5,130$3,958$3,017$2,277$1,703$466
25 years$4,873$3,714$2,795$2,079$1,532$392
26 years$4,635$3,491$2,592$1,901$1,380$330
27 years$4,416$3,285$2,407$1,740$1,245$278
28 years$4,212$3,096$2,237$1,594$1,123$234
29 years$4,023$2,920$2,082$1,462$1,014$197
30 years$3,847$2,758$1,939$1,342$916$166
31 years$3,683$2,607$1,808$1,232$828$140
32 years$3,529$2,467$1,687$1,133$749$118
33 years$3,385$2,336$1,575$1,041$678$100
34 years$3,249$2,214$1,472$958$614$84
35 years$3,122$2,100$1,376$882$556$71
36 years$3,002$1,993$1,287$812$504$60
37 years$2,888$1,893$1,205$749$457$51
38 years$2,781$1,799$1,128$690$414$43
39 years$2,680$1,711$1,057$636$375$36
40 years$2,584$1,628$991$587$341$30
41 years$2,493$1,550$929$541$309$26
42 years$2,406$1,476$871$500$280$22
43 years$2,324$1,406$818$461$254$18
44 years$2,246$1,340$768$426$231$15
45 years$2,171$1,278$721$393$210$13
46 years$2,100$1,219$677$363$190$11
47 years$2,032$1,164$636$336$173$9
48 years$1,967$1,111$598$310$157$8
49 years$1,905$1,061$562$287$143$7
50 years$1,845$1,013$528$265$129$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,890,000, adding $4,758 every year, while hoping to spend $32,488 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: 39/43/18 Blend
52$1,890,000$1,890,000$1,890,000$1,890,000
53$2,087,688$1,987,518$1,958,223$2,157,716
54$2,266,065$2,050,339$1,989,256$2,271,129
55$2,461,548$2,115,150$2,020,241$2,390,215
56$2,675,847$2,182,013$2,051,140$2,518,299
57$2,910,846$2,250,995$2,081,915$2,656,215
58$3,168,619$2,322,161$2,112,527$2,804,877
59$3,451,453$2,395,581$2,142,931$2,965,290
60$3,761,865$2,471,328$2,173,083$3,138,559
61$4,102,627$2,549,475$2,202,933$3,325,902
62$4,476,793$2,630,098$2,232,430$3,528,656
63$4,887,729$2,713,276$2,261,520$3,748,292
64$5,339,142$2,799,090$2,290,144$3,986,430
65$5,835,113$2,887,625$2,318,243$4,244,851
66$6,380,142$2,978,966$2,345,752$4,525,514
67$6,979,185$3,073,203$2,372,602$4,830,579
68$7,637,700$3,170,428$2,398,723$5,162,419
69$8,361,702$3,270,737$2,424,037$5,523,649
70$9,157,819$3,374,226$2,448,466$5,917,145
71$10,033,352$3,480,998$2,471,924$6,346,077
72$10,996,344$3,591,157$2,494,324$6,813,931
73$12,055,658$3,704,811$2,515,571$7,324,549
74$13,221,060$3,822,071$2,535,567$7,882,159
75$14,503,308$3,943,053$2,554,208$8,491,418
76$15,914,257$4,067,873$2,571,386$9,157,454
77$17,466,968$4,196,656$2,586,984$9,885,914
78$19,175,833$4,329,527$2,600,883$10,683,018
79$21,056,711$4,466,617$2,612,955$11,555,618
80$23,127,074$4,608,060$2,623,068$12,511,259
81$25,406,175$4,753,994$2,631,081$13,558,251
82$27,915,230$4,904,564$2,636,846$14,705,751
83$30,677,612$5,059,917$2,640,209$15,963,842
84$33,719,081$5,220,206$2,641,009$17,343,634
85$37,068,020$5,385,588$2,639,075$18,857,364
86$40,755,702$5,556,226$2,634,228$20,518,514
87$44,816,590$5,732,287$2,626,281$22,341,937
88$49,288,658$5,913,946$2,615,038$24,343,994
89$54,213,752$6,101,380$2,600,292$26,542,713
90$59,637,981$6,294,774$2,581,829$28,957,954
91$65,612,157$6,494,319$2,559,421$31,611,597
92$72,192,267$6,700,212$2,532,833$34,527,753
93$79,440,011$6,912,655$2,501,815$37,732,981
94$87,423,375$7,131,857$2,466,109$41,256,549
95$96,217,277$7,358,036$2,425,441$45,130,701
96$105,904,274$7,591,415$2,379,528$49,390,967
97$116,575,339$7,832,223$2,328,071$54,076,494
98$128,330,720$8,080,699$2,270,758$59,230,416
99$141,280,889$8,337,088$2,207,264$64,900,262
100$155,547,578$8,601,644$2,137,246$71,138,401