Can I retire at age 53 with 1,910,000?

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 $1,910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$157,726$156,321$154,950$153,612$152,306$147,431
2 years$78,082$76,628$75,219$73,852$72,527$67,660
3 years$51,538$50,077$48,671$47,318$46,014$41,308
4 years$38,268$36,812$35,420$34,090$32,818$28,309
5 years$30,308$28,861$27,488$26,184$24,947$20,648
6 years$25,004$23,567$22,214$20,940$19,740$15,654
7 years$21,216$19,792$18,460$17,216$16,054$12,180
8 years$18,377$16,965$15,656$14,442$13,318$9,654
9 years$16,169$14,771$13,484$12,301$11,216$7,758
10 years$14,405$13,020$11,756$10,604$9,557$6,299
11 years$12,962$11,591$10,350$9,228$8,219$5,156
12 years$11,760$10,404$9,185$8,095$7,122$4,247
13 years$10,744$9,402$8,206$7,146$6,211$3,516
14 years$9,874$8,546$7,373$6,344$5,444$2,923
15 years$9,121$7,807$6,657$5,657$4,794$2,438
16 years$8,462$7,163$6,036$5,066$4,237$2,040
17 years$7,882$6,597$5,492$4,551$3,756$1,710
18 years$7,366$6,095$5,014$4,102$3,340$1,436
19 years$6,906$5,649$4,590$3,706$2,977$1,208
20 years$6,491$5,250$4,212$3,357$2,659$1,018
21 years$6,117$4,890$3,874$3,046$2,380$858
22 years$5,778$4,564$3,571$2,770$2,133$724
23 years$5,468$4,269$3,297$2,523$1,915$612
24 years$5,185$4,000$3,049$2,301$1,721$517
25 years$4,924$3,754$2,824$2,101$1,549$437
26 years$4,684$3,528$2,619$1,921$1,395$370
27 years$4,463$3,320$2,432$1,759$1,258$313
28 years$4,257$3,128$2,261$1,611$1,135$265
29 years$4,066$2,951$2,104$1,478$1,025$225
30 years$3,888$2,787$1,960$1,356$926$190
31 years$3,722$2,635$1,827$1,245$837$161
32 years$3,566$2,493$1,705$1,145$757$137
33 years$3,421$2,361$1,592$1,052$685$116
34 years$3,284$2,238$1,487$968$620$98
35 years$3,155$2,122$1,391$891$562$83
36 years$3,034$2,014$1,301$821$509$70
37 years$2,919$1,913$1,218$756$461$60
38 years$2,811$1,818$1,140$697$418$51
39 years$2,708$1,729$1,068$643$379$43
40 years$2,611$1,645$1,001$593$344$36
41 years$2,519$1,566$939$547$312$31
42 years$2,432$1,491$881$505$283$26
43 years$2,349$1,421$826$466$257$22
44 years$2,269$1,354$776$430$233$19
45 years$2,194$1,292$728$397$212$16
46 years$2,122$1,232$684$367$192$14
47 years$2,053$1,176$643$339$175$11
48 years$1,988$1,122$604$313$159$10
49 years$1,925$1,072$568$290$144$8
50 years$1,865$1,024$534$268$131$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,910,000, adding $6,776 every year, while hoping to spend $38,841 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: 59/16/25 Blend
52$1,910,000$1,910,000$1,910,000$1,910,000
53$2,111,809$2,010,579$1,980,974$2,221,812
54$2,285,887$2,067,771$2,006,011$2,354,753
55$2,476,420$2,126,464$2,030,584$2,494,933
56$2,685,043$2,186,689$2,054,637$2,647,001
57$2,913,562$2,248,481$2,078,111$2,812,122
58$3,163,960$2,311,872$2,100,943$2,991,573
59$3,438,425$2,376,895$2,123,066$3,186,767
60$3,739,366$2,443,584$2,144,410$3,399,257
61$4,069,434$2,511,973$2,164,901$3,630,753
62$4,431,552$2,582,095$2,184,461$3,883,142
63$4,828,938$2,653,985$2,203,008$4,158,500
64$5,265,136$2,727,677$2,220,455$4,459,115
65$5,744,052$2,803,204$2,236,711$4,787,508
66$6,269,985$2,880,602$2,251,681$5,146,458
67$6,847,675$2,959,903$2,265,264$5,539,024
68$7,482,341$3,041,141$2,277,354$5,968,579
69$8,179,734$3,124,351$2,287,839$6,438,838
70$8,946,188$3,209,565$2,296,603$6,953,896
71$9,788,681$3,296,816$2,303,521$7,518,264
72$10,714,904$3,386,137$2,308,466$8,136,913
73$11,733,326$3,477,560$2,311,302$8,815,322
74$12,853,281$3,571,116$2,311,886$9,559,526
75$14,085,050$3,666,835$2,310,069$10,376,179
76$15,439,963$3,764,748$2,305,694$11,272,611
77$16,930,502$3,864,883$2,298,597$12,256,899
78$18,570,419$3,967,268$2,288,606$13,337,946
79$20,374,867$4,071,930$2,275,540$14,525,562
80$22,360,542$4,178,893$2,259,209$15,830,557
81$24,545,841$4,288,182$2,239,416$17,264,846
82$26,951,032$4,399,818$2,215,952$18,841,558
83$29,598,451$4,513,823$2,188,600$20,575,161
84$32,512,706$4,630,214$2,157,131$22,481,600
85$35,720,915$4,749,007$2,121,308$24,578,448
86$39,252,956$4,870,216$2,080,879$26,885,069
87$43,141,753$4,993,852$2,035,585$29,422,803
88$47,423,586$5,119,924$1,985,150$32,215,171
89$52,138,428$5,248,437$1,929,289$35,288,089
90$57,330,329$5,379,393$1,867,702$38,670,121
91$63,047,829$5,512,789$1,800,076$42,392,745
92$69,344,413$5,648,621$1,726,084$46,490,651
93$76,279,018$5,786,878$1,645,383$51,002,070
94$83,916,589$5,927,546$1,557,614$55,969,131
95$92,328,691$6,070,606$1,462,404$61,438,267
96$101,594,185$6,216,033$1,359,362$67,460,646
97$111,799,970$6,363,797$1,248,079$74,092,657
98$123,041,805$6,513,862$1,128,129$81,396,446
99$135,425,213$6,666,184$999,064$89,440,497
100$149,066,471$6,820,714$860,420$98,300,286