Can I retire at age 53 with 1,930,000?

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 $1,930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$159,378$157,958$156,573$155,221$153,901$152,867
2 years$78,900$77,430$76,006$74,625$73,286$72,243
3 years$52,077$50,602$49,181$47,813$46,496$45,476
4 years$38,669$37,198$35,791$34,447$33,161$32,173
5 years$30,626$29,163$27,775$26,458$25,209$24,255
6 years$25,265$23,814$22,447$21,159$19,947$19,028
7 years$21,438$19,999$18,653$17,396$16,222$15,340
8 years$18,569$17,143$15,819$14,593$13,458$12,611
9 years$16,339$14,926$13,625$12,430$11,333$10,522
10 years$14,555$13,156$11,879$10,715$9,657$8,881
11 years$13,097$11,712$10,458$9,325$8,305$7,564
12 years$11,883$10,512$9,281$8,179$7,197$6,490
13 years$10,857$9,500$8,292$7,221$6,276$5,602
14 years$9,977$8,635$7,451$6,410$5,501$4,860
15 years$9,216$7,889$6,727$5,717$4,844$4,235
16 years$8,551$7,238$6,099$5,119$4,281$3,703
17 years$7,964$6,666$5,550$4,599$3,796$3,247
18 years$7,443$6,159$5,066$4,145$3,375$2,855
19 years$6,978$5,708$4,638$3,745$3,008$2,516
20 years$6,559$5,305$4,256$3,392$2,687$2,222
21 years$6,181$4,941$3,915$3,078$2,405$1,966
22 years$5,838$4,612$3,608$2,799$2,155$1,741
23 years$5,525$4,314$3,332$2,549$1,935$1,544
24 years$5,239$4,042$3,081$2,325$1,739$1,371
25 years$4,976$3,793$2,854$2,123$1,565$1,219
26 years$4,733$3,565$2,647$1,941$1,410$1,085
27 years$4,509$3,355$2,458$1,777$1,271$966
28 years$4,302$3,161$2,285$1,628$1,147$861
29 years$4,108$2,982$2,126$1,493$1,035$767
30 years$3,929$2,816$1,980$1,370$936$684
31 years$3,761$2,662$1,846$1,258$846$611
32 years$3,604$2,519$1,723$1,157$765$545
33 years$3,456$2,386$1,608$1,064$692$487
34 years$3,318$2,261$1,503$979$627$435
35 years$3,188$2,145$1,405$901$568$389
36 years$3,065$2,036$1,314$830$515$348
37 years$2,950$1,933$1,230$764$466$311
38 years$2,840$1,837$1,152$705$423$278
39 years$2,737$1,747$1,079$650$383$249
40 years$2,639$1,662$1,012$599$348$223
41 years$2,546$1,582$949$553$315$199
42 years$2,457$1,507$890$510$286$178
43 years$2,373$1,436$835$471$260$160
44 years$2,293$1,369$784$435$236$143
45 years$2,217$1,305$736$402$214$128
46 years$2,144$1,245$691$371$194$115
47 years$2,075$1,188$649$343$176$103
48 years$2,008$1,134$610$317$160$92
49 years$1,945$1,083$574$293$146$82
50 years$1,884$1,035$539$271$132$74

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,930,000, adding $5,811 every year, while hoping to spend $46,034 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: 62/20/18 Blend
52$1,930,000$1,930,000$1,930,000$1,930,000
53$2,132,854$2,030,564$2,000,649$2,254,970
54$2,301,425$2,081,082$2,018,691$2,388,447
55$2,485,648$2,132,532$2,035,794$2,528,413
56$2,687,070$2,184,912$2,051,879$2,680,140
57$2,907,395$2,238,217$2,066,862$2,844,776
58$3,148,501$2,292,441$2,080,652$3,023,584
59$3,412,452$2,347,575$2,093,159$3,217,958
60$3,701,525$2,403,608$2,104,282$3,429,431
61$4,018,225$2,460,529$2,113,920$3,659,695
62$4,365,311$2,518,323$2,121,963$3,910,611
63$4,745,822$2,576,970$2,128,299$4,184,231
64$5,163,107$2,636,452$2,132,807$4,482,816
65$5,620,850$2,696,745$2,135,363$4,808,855
66$6,123,113$2,757,822$2,135,834$5,165,095
67$6,674,368$2,819,653$2,134,082$5,554,558
68$7,279,542$2,882,204$2,129,962$5,980,576
69$7,944,063$2,945,439$2,123,323$6,446,823
70$8,673,907$3,009,316$2,114,005$6,957,344
71$9,475,662$3,073,789$2,101,840$7,516,599
72$10,356,581$3,138,806$2,086,654$8,129,501
73$11,324,658$3,204,313$2,068,262$8,801,465
74$12,388,698$3,270,249$2,046,473$9,538,459
75$13,558,401$3,336,547$2,021,086$10,347,060
76$14,844,454$3,403,134$1,991,889$11,234,515
77$16,258,632$3,469,932$1,958,661$12,208,813
78$17,813,908$3,536,853$1,921,171$13,278,754
79$19,524,574$3,603,807$1,879,178$14,454,041
80$21,406,378$3,670,691$1,832,427$15,745,365
81$23,476,670$3,737,396$1,780,655$17,164,508
82$25,754,567$3,803,806$1,723,585$18,724,457
83$28,261,134$3,869,793$1,660,925$20,439,521
84$31,019,577$3,935,220$1,592,374$22,325,474
85$34,055,470$3,999,942$1,517,614$24,399,698
86$37,396,988$4,063,800$1,436,315$26,681,349
87$41,075,179$4,126,624$1,348,130$29,191,541
88$45,124,252$4,188,233$1,252,696$31,953,541
89$49,581,902$4,248,432$1,149,638$34,992,994
90$54,489,663$4,307,013$1,038,558$38,338,160
91$59,893,304$4,363,752$919,045$42,020,187
92$65,843,256$4,418,411$790,668$46,073,402
93$72,395,089$4,470,734$652,977$50,535,636
94$79,610,038$4,520,450$505,501$55,448,582
95$87,555,577$4,567,267$347,750$60,858,189
96$96,306,058$4,610,875$179,212$66,815,099
97$105,943,413$4,650,944$0$73,375,121
98$116,557,922$4,687,122$0$80,599,887
99$128,249,073$4,719,034$0$88,593,798
100$141,126,492$4,746,280$0$97,397,215