Can I retire at age 53 with 1,630,000?

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 $1,630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$134,604$133,405$132,235$131,093$129,978$128,195
2 years$66,636$65,395$64,192$63,026$61,895$60,101
3 years$43,982$42,736$41,536$40,381$39,268$37,520
4 years$32,658$31,416$30,228$29,092$28,007$26,317
5 years$25,865$24,630$23,458$22,346$21,290$19,665
6 years$21,338$20,112$18,958$17,870$16,846$15,287
7 years$18,106$16,890$15,754$14,692$13,700$12,207
8 years$15,683$14,478$13,361$12,325$11,366$9,939
9 years$13,799$12,606$11,507$10,498$9,572$8,211
10 years$12,293$11,111$10,032$9,049$8,156$6,859
11 years$11,061$9,892$8,832$7,876$7,014$5,781
12 years$10,036$8,878$7,839$6,908$6,078$4,907
13 years$9,169$8,023$7,003$6,099$5,300$4,189
14 years$8,426$7,293$6,292$5,414$4,646$3,594
15 years$7,784$6,662$5,681$4,828$4,091$3,095
16 years$7,222$6,113$5,151$4,323$3,616$2,675
17 years$6,726$5,629$4,687$3,884$3,206$2,318
18 years$6,286$5,202$4,279$3,500$2,850$2,014
19 years$5,893$4,821$3,917$3,163$2,541$1,753
20 years$5,540$4,480$3,595$2,865$2,269$1,529
21 years$5,221$4,173$3,306$2,600$2,031$1,336
22 years$4,931$3,895$3,047$2,364$1,820$1,168
23 years$4,666$3,643$2,814$2,153$1,634$1,023
24 years$4,425$3,413$2,602$1,964$1,469$896
25 years$4,202$3,203$2,410$1,793$1,322$786
26 years$3,998$3,011$2,235$1,640$1,190$690
27 years$3,808$2,833$2,076$1,501$1,073$606
28 years$3,633$2,670$1,930$1,375$968$533
29 years$3,470$2,519$1,796$1,261$875$469
30 years$3,318$2,379$1,673$1,157$790$412
31 years$3,176$2,249$1,559$1,063$714$363
32 years$3,043$2,128$1,455$977$646$319
33 years$2,919$2,015$1,358$898$585$281
34 years$2,802$1,910$1,269$826$529$248
35 years$2,692$1,811$1,187$761$480$218
36 years$2,589$1,719$1,110$701$435$192
37 years$2,491$1,633$1,039$646$394$170
38 years$2,399$1,552$973$595$357$150
39 years$2,311$1,476$912$549$324$132
40 years$2,228$1,404$854$506$294$116
41 years$2,150$1,336$801$467$266$103
42 years$2,075$1,273$752$431$242$90
43 years$2,004$1,213$705$398$219$80
44 years$1,937$1,156$662$367$199$70
45 years$1,872$1,102$622$339$181$62
46 years$1,811$1,052$584$313$164$55
47 years$1,752$1,003$548$289$149$48
48 years$1,696$958$515$267$135$43
49 years$1,643$915$484$247$123$38
50 years$1,591$874$455$228$112$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,630,000, adding $2,624 every year, while hoping to spend $42,293 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: 75/11/14 Blend
52$1,630,000$1,630,000$1,630,000$1,630,000
53$1,798,967$1,712,577$1,687,312$1,928,363
54$1,937,462$1,751,493$1,698,837$2,053,118
55$2,088,666$1,790,900$1,709,331$2,184,276
56$2,253,831$1,830,775$1,718,715$2,326,871
57$2,434,334$1,871,096$1,726,905$2,482,025
58$2,631,694$1,911,836$1,733,813$2,650,978
59$2,847,579$1,952,969$1,739,348$2,835,093
60$3,083,829$1,994,461$1,743,413$3,035,873
61$3,342,469$2,036,280$1,745,907$3,254,973
62$3,625,730$2,078,386$1,746,724$3,494,217
63$3,936,066$2,120,739$1,745,751$3,755,614
64$4,276,183$2,163,293$1,742,872$4,041,376
65$4,649,058$2,205,999$1,737,963$4,353,943
66$5,057,974$2,248,805$1,730,896$4,696,001
67$5,506,542$2,291,651$1,721,536$5,070,510
68$5,998,742$2,334,475$1,709,741$5,480,733
69$6,538,959$2,377,210$1,695,362$5,930,262
70$7,132,021$2,419,781$1,678,245$6,423,059
71$7,783,247$2,462,110$1,658,226$6,963,486
72$8,498,497$2,504,112$1,635,135$7,556,353
73$9,284,224$2,545,694$1,608,793$8,206,959
74$10,147,541$2,586,759$1,579,013$8,921,141
75$11,096,280$2,627,200$1,545,600$9,705,334
76$12,139,072$2,666,904$1,508,349$10,566,629
77$13,285,425$2,705,749$1,467,046$11,512,838
78$14,545,812$2,743,605$1,421,466$12,552,572
79$15,931,775$2,780,332$1,371,375$13,695,319
80$17,456,029$2,815,781$1,316,529$14,951,535
81$19,132,581$2,849,792$1,256,670$16,332,745
82$20,976,867$2,882,194$1,191,531$17,851,645
83$23,005,893$2,912,807$1,120,832$19,522,229
84$25,238,394$2,941,435$1,044,281$21,359,921
85$27,695,017$2,967,871$961,571$23,381,713
86$30,398,507$2,991,896$872,382$25,606,337
87$33,373,930$3,013,274$776,382$28,054,431
88$36,648,901$3,031,754$673,221$30,748,743
89$40,253,850$3,047,072$562,535$33,714,338
90$44,222,307$3,058,943$443,944$36,978,842
91$48,591,218$3,067,066$317,052$40,572,698
92$53,401,292$3,071,122$181,442$44,529,458
93$58,697,387$3,070,770$36,684$48,886,093
94$64,528,932$3,065,650$0$53,683,352
95$70,950,394$3,055,378$0$58,983,735
96$78,021,790$3,039,547$0$64,826,123
97$85,809,253$3,017,725$0$71,259,640
98$94,385,659$2,989,456$0$78,344,465
99$103,831,310$2,954,253$0$86,146,911
100$114,234,694$2,911,602$0$94,740,054