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

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 $1,890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$156,074$154,684$153,328$152,004$150,711$147,008
2 years$77,265$75,826$74,431$73,079$71,767$68,059
3 years$50,998$49,553$48,162$46,822$45,532$41,935
4 years$37,867$36,427$35,049$33,733$32,474$29,016
5 years$29,991$28,559$27,200$25,910$24,686$21,376
6 years$24,742$23,320$21,981$20,720$19,533$16,375
7 years$20,994$19,585$18,267$17,035$15,886$12,880
8 years$18,184$16,788$15,492$14,291$13,179$10,324
9 years$16,000$14,617$13,343$12,172$11,098$8,392
10 years$14,254$12,884$11,633$10,493$9,456$6,895
11 years$12,826$11,470$10,241$9,132$8,133$5,713
12 years$11,637$10,295$9,089$8,010$7,048$4,765
13 years$10,632$9,303$8,120$7,071$6,146$3,996
14 years$9,771$8,456$7,296$6,277$5,387$3,366
15 years$9,025$7,725$6,587$5,598$4,743$2,846
16 years$8,373$7,088$5,972$5,013$4,192$2,413
17 years$7,799$6,527$5,435$4,504$3,717$2,051
18 years$7,289$6,032$4,961$4,059$3,305$1,747
19 years$6,833$5,590$4,542$3,667$2,946$1,491
20 years$6,424$5,195$4,168$3,322$2,631$1,274
21 years$6,053$4,839$3,834$3,015$2,355$1,090
22 years$5,717$4,517$3,534$2,741$2,111$934
23 years$5,411$4,224$3,263$2,496$1,895$801
24 years$5,130$3,958$3,017$2,277$1,703$687
25 years$4,873$3,714$2,795$2,079$1,532$590
26 years$4,635$3,491$2,592$1,901$1,380$507
27 years$4,416$3,285$2,407$1,740$1,245$436
28 years$4,212$3,096$2,237$1,594$1,123$375
29 years$4,023$2,920$2,082$1,462$1,014$322
30 years$3,847$2,758$1,939$1,342$916$277
31 years$3,683$2,607$1,808$1,232$828$239
32 years$3,529$2,467$1,687$1,133$749$205
33 years$3,385$2,336$1,575$1,041$678$177
34 years$3,249$2,214$1,472$958$614$152
35 years$3,122$2,100$1,376$882$556$131
36 years$3,002$1,993$1,287$812$504$113
37 years$2,888$1,893$1,205$749$457$97
38 years$2,781$1,799$1,128$690$414$84
39 years$2,680$1,711$1,057$636$375$72
40 years$2,584$1,628$991$587$341$62
41 years$2,493$1,550$929$541$309$54
42 years$2,406$1,476$871$500$280$46
43 years$2,324$1,406$818$461$254$40
44 years$2,246$1,340$768$426$231$34
45 years$2,171$1,278$721$393$210$30
46 years$2,100$1,219$677$363$190$26
47 years$2,032$1,164$636$336$173$22
48 years$1,967$1,111$598$310$157$19
49 years$1,905$1,061$562$287$143$16
50 years$1,845$1,013$528$265$129$14

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 $6,936 every year, while hoping to spend $40,933 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: 44/46/10 Blend
52$1,890,000$1,890,000$1,890,000$1,890,000
53$2,089,934$1,989,764$1,960,469$2,175,617
54$2,259,555$2,043,711$1,982,593$2,289,768
55$2,445,106$2,098,928$2,004,085$2,408,701
56$2,648,167$2,155,436$2,024,883$2,536,679
57$2,870,481$2,213,253$2,044,917$2,674,547
58$3,113,965$2,272,398$2,064,117$2,823,238
59$3,380,732$2,332,888$2,082,407$2,983,777
60$3,673,107$2,394,739$2,099,708$3,157,291
61$3,993,651$2,457,969$2,115,936$3,345,022
62$4,345,187$2,522,593$2,131,003$3,548,335
63$4,730,821$2,588,625$2,144,816$3,768,737
64$5,153,976$2,656,078$2,157,279$4,007,881
65$5,618,422$2,724,967$2,168,288$4,267,594
66$6,128,311$2,795,301$2,177,737$4,549,881
67$6,688,219$2,867,091$2,185,511$4,856,955
68$7,303,185$2,940,346$2,191,493$5,191,252
69$7,978,759$3,015,072$2,195,557$5,555,452
70$8,721,058$3,091,275$2,197,573$5,952,512
71$9,536,817$3,168,959$2,197,403$6,385,685
72$10,433,459$3,248,125$2,194,904$6,858,556
73$11,419,162$3,328,773$2,189,922$7,375,074
74$12,502,933$3,410,899$2,182,301$7,939,589
75$13,694,697$3,494,499$2,171,874$8,556,895
76$15,005,391$3,579,563$2,158,466$9,232,272
77$16,447,060$3,666,082$2,141,894$9,971,537
78$18,032,981$3,754,040$2,121,968$10,781,100
79$19,777,777$3,843,421$2,098,486$11,668,024
80$21,697,564$3,934,202$2,071,239$12,640,090
81$23,810,096$4,026,358$2,040,006$13,705,874
82$26,134,937$4,119,861$2,004,557$14,874,822
83$28,693,642$4,214,676$1,964,652$16,157,346
84$31,509,963$4,310,764$1,920,037$17,564,918
85$34,610,070$4,408,083$1,870,450$19,110,180
86$38,022,800$4,506,582$1,815,612$20,807,060
87$41,779,928$4,606,206$1,755,237$22,670,911
88$45,916,464$4,706,894$1,689,021$24,718,647
89$50,470,989$4,808,578$1,616,650$26,968,911
90$55,486,014$4,911,182$1,537,791$29,442,244
91$61,008,381$5,014,623$1,452,101$32,161,285
92$67,089,708$5,118,812$1,359,218$35,150,980
93$73,786,872$5,223,647$1,258,766$38,438,822
94$81,162,548$5,329,021$1,150,349$42,055,108
95$89,285,800$5,434,815$1,033,558$46,033,225
96$98,232,730$5,540,900$907,961$50,409,969
97$108,087,201$5,647,136$773,110$55,225,888
98$118,941,621$5,753,371$628,535$60,525,668
99$130,897,822$5,859,443$473,747$66,358,558
100$144,068,017$5,965,172$308,234$72,778,827