Can I retire at age 53 with 1,620,000?

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 $1,620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$133,778$132,586$131,424$130,289$129,181$127,146
2 years$66,227$64,993$63,798$62,639$61,515$59,469
3 years$43,713$42,474$41,282$40,133$39,028$37,036
4 years$32,458$31,223$30,042$28,914$27,835$25,912
5 years$25,707$24,479$23,314$22,209$21,160$19,311
6 years$21,207$19,989$18,841$17,760$16,743$14,971
7 years$17,995$16,787$15,657$14,602$13,616$11,922
8 years$15,586$14,389$13,279$12,249$11,296$9,679
9 years$13,714$12,528$11,437$10,434$9,513$7,972
10 years$12,217$11,043$9,971$8,994$8,106$6,639
11 years$10,994$9,831$8,778$7,827$6,971$5,578
12 years$9,974$8,824$7,790$6,866$6,041$4,720
13 years$9,113$7,974$6,960$6,061$5,268$4,017
14 years$8,375$7,248$6,254$5,381$4,618$3,434
15 years$7,736$6,622$5,646$4,798$4,066$2,948
16 years$7,177$6,075$5,119$4,297$3,593$2,539
17 years$6,685$5,595$4,658$3,860$3,186$2,192
18 years$6,248$5,170$4,252$3,479$2,833$1,898
19 years$5,857$4,791$3,893$3,144$2,525$1,646
20 years$5,506$4,452$3,573$2,847$2,255$1,430
21 years$5,189$4,147$3,286$2,584$2,018$1,244
22 years$4,900$3,871$3,029$2,349$1,809$1,084
23 years$4,638$3,621$2,797$2,140$1,624$946
24 years$4,397$3,392$2,586$1,951$1,460$826
25 years$4,177$3,184$2,395$1,782$1,314$721
26 years$3,973$2,992$2,222$1,630$1,183$631
27 years$3,785$2,816$2,063$1,492$1,067$552
28 years$3,611$2,653$1,918$1,367$963$483
29 years$3,449$2,503$1,785$1,253$869$423
30 years$3,298$2,364$1,662$1,150$785$371
31 years$3,157$2,235$1,550$1,056$710$325
32 years$3,025$2,115$1,446$971$642$285
33 years$2,901$2,003$1,350$893$581$250
34 years$2,785$1,898$1,261$821$526$219
35 years$2,676$1,800$1,179$756$477$192
36 years$2,573$1,709$1,103$696$432$169
37 years$2,476$1,623$1,033$642$391$148
38 years$2,384$1,542$967$591$355$130
39 years$2,297$1,467$906$545$322$114
40 years$2,215$1,395$849$503$292$100
41 years$2,137$1,328$796$464$265$88
42 years$2,062$1,265$747$428$240$77
43 years$1,992$1,205$701$395$218$68
44 years$1,925$1,149$658$365$198$60
45 years$1,861$1,095$618$337$180$52
46 years$1,800$1,045$580$311$163$46
47 years$1,742$997$545$288$148$40
48 years$1,686$952$512$266$135$36
49 years$1,633$909$481$246$122$31
50 years$1,582$868$453$227$111$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,620,000, adding $3,109 every year, while hoping to spend $53,642 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: 63/8/29 Blend
52$1,620,000$1,620,000$1,620,000$1,620,000
53$1,788,447$1,702,587$1,677,477$1,887,043
54$1,913,794$1,728,939$1,676,598$1,980,710
55$2,050,128$1,754,785$1,673,891$2,076,860
56$2,198,514$1,780,042$1,669,240$2,180,748
57$2,360,123$1,804,624$1,662,519$2,293,144
58$2,536,242$1,828,438$1,653,601$2,414,896
59$2,728,291$1,851,383$1,642,348$2,546,939
60$2,937,829$1,873,353$1,628,619$2,690,305
61$3,166,574$1,894,234$1,612,264$2,846,133
62$3,416,417$1,913,904$1,593,128$3,015,679
63$3,689,440$1,932,234$1,571,046$3,200,327
64$3,987,935$1,949,085$1,545,848$3,401,608
65$4,314,425$1,964,311$1,517,355$3,621,205
66$4,671,688$1,977,754$1,485,378$3,860,980
67$5,062,784$1,989,247$1,449,721$4,122,982
68$5,491,080$1,998,613$1,410,179$4,409,476
69$5,960,287$2,005,662$1,366,537$4,722,955
70$6,474,491$2,010,194$1,318,571$5,066,173
71$7,038,191$2,011,994$1,266,044$5,442,165
72$7,656,341$2,010,837$1,208,712$5,854,280
73$8,334,402$2,006,482$1,146,317$6,306,208
74$9,078,383$1,998,672$1,078,591$6,802,023
75$9,894,907$1,987,136$1,005,254$7,346,216
76$10,791,269$1,971,587$926,011$7,943,737
77$11,775,503$1,951,719$840,556$8,600,049
78$12,856,459$1,927,209$748,570$9,321,173
79$14,043,889$1,897,712$649,718$10,113,750
80$15,348,532$1,862,867$543,650$10,985,101
81$16,782,223$1,822,288$430,003$11,943,302
82$18,357,996$1,775,566$308,394$12,997,253
83$20,090,214$1,722,271$178,428$14,156,771
84$21,994,698$1,661,945$39,688$15,432,677
85$24,088,881$1,594,105$0$16,836,905
86$26,391,969$1,518,238$0$18,416,144
87$28,925,122$1,433,803$0$20,166,648
88$31,711,653$1,340,228$0$22,092,263
89$34,777,249$1,236,907$0$24,210,768
90$38,150,213$1,123,200$0$26,541,759
91$41,861,728$998,430$0$29,106,827
92$45,946,154$861,883$0$31,929,765
93$50,441,350$712,803$0$35,036,793
94$55,389,028$550,391$0$38,456,802
95$60,835,154$373,805$0$42,221,631
96$66,830,373$182,155$0$46,366,366
97$73,430,490$0$0$50,929,670
98$80,696,996$0$0$55,956,393
99$88,697,650$0$0$61,508,775
100$97,507,110$0$0$67,622,612