Can I retire at age 53 with 1,640,000?

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 $1,640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$135,430$134,223$133,046$131,898$130,776$128,662
2 years$67,044$65,796$64,586$63,412$62,274$60,151
3 years$44,252$42,998$41,791$40,629$39,509$37,442
4 years$32,858$31,608$30,413$29,271$28,178$26,183
5 years$26,024$24,781$23,602$22,483$21,421$19,503
6 years$21,469$20,236$19,074$17,980$16,950$15,112
7 years$18,217$16,994$15,850$14,782$13,784$12,027
8 years$15,779$14,567$13,442$12,400$11,436$9,759
9 years$13,884$12,683$11,578$10,562$9,630$8,033
10 years$12,368$11,180$10,094$9,105$8,206$6,686
11 years$11,129$9,953$8,887$7,924$7,057$5,614
12 years$10,098$8,933$7,887$6,950$6,116$4,747
13 years$9,225$8,073$7,046$6,136$5,333$4,037
14 years$8,478$7,338$6,331$5,447$4,675$3,449
15 years$7,831$6,703$5,716$4,858$4,116$2,959
16 years$7,266$6,150$5,182$4,350$3,638$2,546
17 years$6,767$5,664$4,716$3,908$3,225$2,197
18 years$6,325$5,234$4,305$3,522$2,868$1,901
19 years$5,929$4,851$3,941$3,182$2,556$1,647
20 years$5,574$4,507$3,617$2,882$2,283$1,430
21 years$5,253$4,199$3,327$2,616$2,043$1,244
22 years$4,961$3,919$3,066$2,378$1,832$1,083
23 years$4,695$3,666$2,831$2,166$1,644$944
24 years$4,452$3,434$2,618$1,976$1,478$823
25 years$4,228$3,223$2,425$1,804$1,330$719
26 years$4,022$3,029$2,249$1,650$1,198$628
27 years$3,832$2,851$2,088$1,510$1,080$549
28 years$3,655$2,686$1,941$1,383$974$480
29 years$3,491$2,534$1,807$1,269$880$420
30 years$3,338$2,393$1,683$1,164$795$368
31 years$3,196$2,262$1,569$1,069$719$322
32 years$3,062$2,141$1,464$983$650$282
33 years$2,937$2,027$1,367$904$588$247
34 years$2,819$1,921$1,277$831$533$217
35 years$2,709$1,822$1,194$765$483$190
36 years$2,605$1,730$1,117$705$437$167
37 years$2,506$1,643$1,045$650$396$146
38 years$2,413$1,561$979$599$359$128
39 years$2,325$1,485$917$552$326$112
40 years$2,242$1,412$860$509$295$99
41 years$2,163$1,345$806$470$268$87
42 years$2,088$1,281$756$434$243$76
43 years$2,017$1,220$710$400$221$67
44 years$1,949$1,163$666$370$200$58
45 years$1,884$1,109$625$341$182$51
46 years$1,822$1,058$587$315$165$45
47 years$1,763$1,010$552$291$150$40
48 years$1,707$964$519$269$136$35
49 years$1,653$920$487$249$124$30
50 years$1,601$879$458$230$112$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,640,000, adding $6,726 every year, while hoping to spend $33,203 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: 50/32/18 Blend
52$1,640,000$1,640,000$1,640,000$1,640,000
53$1,814,218$1,727,298$1,701,878$1,895,549
54$1,963,940$1,776,608$1,723,563$2,001,706
55$2,127,822$1,827,221$1,744,862$2,113,038
56$2,307,271$1,879,166$1,765,726$2,233,316
57$2,503,840$1,932,473$1,786,106$2,363,397
58$2,719,238$1,987,170$1,805,946$2,504,222
59$2,955,347$2,043,288$1,825,192$2,656,827
60$3,214,239$2,100,856$1,843,783$2,822,354
61$3,498,198$2,159,905$1,861,656$3,002,059
62$3,809,738$2,220,464$1,878,745$3,197,326
63$4,151,629$2,282,564$1,894,981$3,409,678
64$4,526,922$2,346,236$1,910,289$3,640,792
65$4,938,977$2,411,511$1,924,593$3,892,517
66$5,391,496$2,478,419$1,937,811$4,166,888
67$5,888,558$2,546,990$1,949,857$4,466,145
68$6,434,655$2,617,257$1,960,641$4,792,759
69$7,034,735$2,689,248$1,970,068$5,149,448
70$7,694,252$2,762,995$1,978,039$5,539,209
71$8,419,212$2,838,528$1,984,449$5,965,342
72$9,216,232$2,915,877$1,989,189$6,431,483
73$10,092,604$2,995,070$1,992,143$6,941,639
74$11,056,359$3,076,139$1,993,189$7,500,221
75$12,116,348$3,159,110$1,992,202$8,112,094
76$13,282,322$3,244,013$1,989,047$8,782,614
77$14,565,023$3,330,874$1,983,584$9,517,684
78$15,976,289$3,419,720$1,975,668$10,323,808
79$17,529,162$3,510,577$1,965,144$11,208,152
80$19,238,011$3,603,470$1,951,851$12,178,613
81$21,118,670$3,698,422$1,935,620$13,243,891
82$23,188,586$3,795,456$1,916,274$14,413,575
83$25,466,981$3,894,593$1,893,629$15,698,229
84$27,975,036$3,995,852$1,867,489$17,109,495
85$30,736,092$4,099,251$1,837,652$18,660,200
86$33,775,865$4,204,805$1,803,905$20,364,481
87$37,122,693$4,312,530$1,766,025$22,237,916
88$40,807,800$4,422,437$1,723,780$24,297,670
89$44,865,594$4,534,535$1,676,925$26,562,659
90$49,333,988$4,648,830$1,625,205$29,053,729
91$54,254,759$4,765,327$1,568,354$31,793,850
92$59,673,943$4,884,027$1,506,092$34,808,339
93$65,642,268$5,004,927$1,438,129$38,125,089
94$72,215,632$5,128,021$1,364,159$41,774,843
95$79,455,631$5,253,298$1,283,863$45,791,478
96$87,430,141$5,380,746$1,196,908$50,212,327
97$96,213,958$5,510,344$1,102,946$55,078,531
98$105,889,500$5,642,070$1,001,614$60,435,430
99$116,547,593$5,775,895$892,532$66,332,985
100$128,288,317$5,911,784$775,302$72,826,258