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%15.3%
1 years$159,378$157,958$156,573$155,221$153,901$150,547
2 years$78,900$77,430$76,006$74,625$73,286$69,925
3 years$52,077$50,602$49,181$47,813$46,496$43,231
4 years$38,669$37,198$35,791$34,447$33,161$30,018
5 years$30,626$29,163$27,775$26,458$25,209$22,196
6 years$25,265$23,814$22,447$21,159$19,947$17,068
7 years$21,438$19,999$18,653$17,396$16,222$13,478
8 years$18,569$17,143$15,819$14,593$13,458$10,847
9 years$16,339$14,926$13,625$12,430$11,333$8,855
10 years$14,555$13,156$11,879$10,715$9,657$7,307
11 years$13,097$11,712$10,458$9,325$8,305$6,081
12 years$11,883$10,512$9,281$8,179$7,197$5,096
13 years$10,857$9,500$8,292$7,221$6,276$4,294
14 years$9,977$8,635$7,451$6,410$5,501$3,634
15 years$9,216$7,889$6,727$5,717$4,844$3,087
16 years$8,551$7,238$6,099$5,119$4,281$2,631
17 years$7,964$6,666$5,550$4,599$3,796$2,248
18 years$7,443$6,159$5,066$4,145$3,375$1,924
19 years$6,978$5,708$4,638$3,745$3,008$1,651
20 years$6,559$5,305$4,256$3,392$2,687$1,418
21 years$6,181$4,941$3,915$3,078$2,405$1,220
22 years$5,838$4,612$3,608$2,799$2,155$1,051
23 years$5,525$4,314$3,332$2,549$1,935$906
24 years$5,239$4,042$3,081$2,325$1,739$782
25 years$4,976$3,793$2,854$2,123$1,565$675
26 years$4,733$3,565$2,647$1,941$1,410$583
27 years$4,509$3,355$2,458$1,777$1,271$504
28 years$4,302$3,161$2,285$1,628$1,147$436
29 years$4,108$2,982$2,126$1,493$1,035$377
30 years$3,929$2,816$1,980$1,370$936$326
31 years$3,761$2,662$1,846$1,258$846$282
32 years$3,604$2,519$1,723$1,157$765$245
33 years$3,456$2,386$1,608$1,064$692$212
34 years$3,318$2,261$1,503$979$627$183
35 years$3,188$2,145$1,405$901$568$159
36 years$3,065$2,036$1,314$830$515$138
37 years$2,950$1,933$1,230$764$466$119
38 years$2,840$1,837$1,152$705$423$103
39 years$2,737$1,747$1,079$650$383$90
40 years$2,639$1,662$1,012$599$348$78
41 years$2,546$1,582$949$553$315$67
42 years$2,457$1,507$890$510$286$58
43 years$2,373$1,436$835$471$260$51
44 years$2,293$1,369$784$435$236$44
45 years$2,217$1,305$736$402$214$38
46 years$2,144$1,245$691$371$194$33
47 years$2,075$1,188$649$343$176$29
48 years$2,008$1,134$610$317$160$25
49 years$1,945$1,083$574$293$146$22
50 years$1,884$1,035$539$271$132$19

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 $2,827 every year, while hoping to spend $22,630 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: 59/21/20 Blend
52$1,930,000$1,930,000$1,930,000$1,930,000
53$2,129,776$2,027,486$1,997,571$2,244,046
54$2,322,935$2,102,755$2,040,412$2,397,153
55$2,535,038$2,180,953$2,083,929$2,561,338
56$2,767,993$2,262,201$2,128,121$2,739,893
57$3,023,902$2,346,623$2,172,987$2,934,214
58$3,305,082$2,434,349$2,218,524$3,145,833
59$3,614,083$2,525,515$2,264,728$3,376,439
60$3,953,717$2,620,262$2,311,593$3,627,890
61$4,327,080$2,718,739$2,359,116$3,902,229
62$4,737,583$2,821,099$2,407,287$4,201,709
63$5,188,986$2,927,502$2,456,101$4,528,807
64$5,685,429$3,038,116$2,505,547$4,886,249
65$6,231,475$3,153,116$2,555,615$5,277,040
66$6,832,151$3,272,684$2,606,294$5,704,484
67$7,492,996$3,397,011$2,657,569$6,172,224
68$8,220,111$3,526,295$2,709,428$6,684,267
69$9,020,222$3,660,742$2,761,853$7,245,027
70$9,900,736$3,800,570$2,814,827$7,859,365
71$10,869,817$3,946,004$2,868,329$8,532,634
72$11,936,459$4,097,278$2,922,339$9,270,731
73$13,110,572$4,254,640$2,976,832$10,080,147
74$14,403,079$4,418,345$3,031,784$10,968,036
75$15,826,010$4,588,662$3,087,166$11,942,273
76$17,392,626$4,765,869$3,142,949$13,011,535
77$19,117,536$4,950,259$3,199,100$14,185,378
78$21,016,839$5,142,136$3,255,584$15,474,330
79$23,108,275$5,341,818$3,312,364$16,889,988
80$25,411,390$5,549,638$3,369,399$18,445,124
81$27,947,724$5,765,943$3,426,646$20,153,811
82$30,741,011$5,991,094$3,484,059$22,031,552
83$33,817,407$6,225,470$3,541,587$24,095,424
84$37,205,730$6,469,466$3,599,178$26,364,242
85$40,937,740$6,723,495$3,656,776$28,858,734
86$45,048,430$6,987,987$3,714,319$31,601,735
87$49,576,365$7,263,393$3,771,743$34,618,404
88$54,564,039$7,550,184$3,828,981$37,936,461
89$60,058,278$7,848,850$3,885,959$41,586,444
90$66,110,683$8,159,905$3,942,600$45,602,000
91$72,778,118$8,483,885$3,998,822$50,020,202
92$80,123,242$8,821,351$4,054,538$54,881,896
93$88,215,103$9,172,888$4,109,656$60,232,085
94$97,129,792$9,539,108$4,164,078$66,120,358
95$106,951,157$9,920,650$4,217,701$72,601,349
96$117,771,596$10,318,183$4,270,415$79,735,259
97$129,692,929$10,732,405$4,322,104$87,588,420
98$142,827,361$11,164,046$4,372,647$96,233,920
99$157,298,536$11,613,868$4,421,915$105,752,293
100$173,242,708$12,082,669$4,469,771$116,232,275