Can I retire at age 53 with 1,660,000?

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 $1,660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$137,081$135,860$134,669$133,506$132,371$130,825
2 years$67,862$66,598$65,373$64,186$63,034$61,478
3 years$44,792$43,523$42,301$41,124$39,991$38,474
4 years$33,259$31,994$30,784$29,628$28,522$27,054
5 years$26,341$25,083$23,890$22,757$21,682$20,269
6 years$21,731$20,483$19,306$18,199$17,156$15,799
7 years$18,439$17,201$16,044$14,962$13,953$12,651
8 years$15,971$14,745$13,606$12,552$11,575$10,330
9 years$14,053$12,838$11,719$10,691$9,748$8,559
10 years$12,519$11,316$10,217$9,216$8,306$7,172
11 years$11,265$10,074$8,995$8,021$7,143$6,063
12 years$10,221$9,042$7,983$7,035$6,190$5,163
13 years$9,338$8,171$7,132$6,211$5,398$4,422
14 years$8,582$7,427$6,408$5,513$4,732$3,807
15 years$7,927$6,785$5,786$4,917$4,166$3,290
16 years$7,354$6,225$5,246$4,403$3,682$2,853
17 years$6,850$5,733$4,773$3,956$3,265$2,481
18 years$6,402$5,298$4,357$3,565$2,903$2,163
19 years$6,002$4,910$3,989$3,221$2,587$1,890
20 years$5,642$4,562$3,661$2,917$2,311$1,654
21 years$5,317$4,250$3,367$2,648$2,068$1,450
22 years$5,021$3,967$3,104$2,407$1,854$1,273
23 years$4,752$3,710$2,866$2,192$1,664$1,119
24 years$4,506$3,476$2,650$2,000$1,496$985
25 years$4,280$3,262$2,455$1,826$1,346$867
26 years$4,071$3,066$2,276$1,670$1,212$764
27 years$3,878$2,885$2,114$1,528$1,093$674
28 years$3,700$2,719$1,965$1,400$986$595
29 years$3,534$2,565$1,829$1,284$891$525
30 years$3,379$2,422$1,703$1,179$805$464
31 years$3,235$2,290$1,588$1,082$728$410
32 years$3,099$2,167$1,482$995$658$363
33 years$2,973$2,052$1,383$915$596$321
34 years$2,854$1,945$1,293$842$539$284
35 years$2,742$1,845$1,208$775$488$251
36 years$2,636$1,751$1,131$714$443$222
37 years$2,537$1,663$1,058$657$401$197
38 years$2,443$1,580$991$606$364$174
39 years$2,354$1,503$928$559$330$154
40 years$2,269$1,430$870$515$299$136
41 years$2,189$1,361$816$475$271$121
42 years$2,113$1,296$765$439$246$107
43 years$2,041$1,235$718$405$223$95
44 years$1,972$1,177$674$374$203$84
45 years$1,907$1,123$633$345$184$74
46 years$1,844$1,071$595$319$167$66
47 years$1,785$1,022$559$295$152$58
48 years$1,727$976$525$272$138$52
49 years$1,673$932$493$252$125$46
50 years$1,621$890$464$233$114$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,660,000, adding $2,933 every year, while hoping to spend $40,447 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: 38/44/18 Blend
52$1,660,000$1,660,000$1,660,000$1,660,000
53$1,832,345$1,744,365$1,718,635$1,891,959
54$1,976,209$1,786,804$1,733,174$1,977,552
55$2,133,392$1,829,966$1,746,845$2,065,929
56$2,305,209$1,873,846$1,759,575$2,160,593
57$2,493,108$1,918,432$1,771,289$2,262,132
58$2,698,686$1,963,716$1,781,908$2,371,195
59$2,923,698$2,009,684$1,791,348$2,488,496
60$3,170,078$2,056,322$1,799,521$2,614,822
61$3,439,956$2,103,612$1,806,335$2,751,039
62$3,735,677$2,151,534$1,811,693$2,898,103
63$4,059,825$2,200,068$1,815,493$3,057,067
64$4,415,243$2,249,188$1,817,628$3,229,089
65$4,805,066$2,298,866$1,817,987$3,415,450
66$5,232,744$2,349,071$1,816,450$3,617,558
67$5,702,078$2,399,770$1,812,896$3,836,966
68$6,217,255$2,450,924$1,807,193$4,075,386
69$6,782,888$2,502,492$1,799,207$4,334,706
70$7,404,057$2,554,429$1,788,795$4,617,004
71$8,086,358$2,606,683$1,775,807$4,924,575
72$8,835,957$2,659,201$1,760,087$5,259,946
73$9,659,647$2,711,924$1,741,472$5,625,902
74$10,564,909$2,764,786$1,719,789$6,025,518
75$11,559,987$2,817,718$1,694,859$6,462,177
76$12,653,962$2,870,643$1,666,494$6,939,615
77$13,856,842$2,923,480$1,634,497$7,461,945
78$15,179,648$2,976,139$1,598,661$8,033,706
79$16,634,528$3,028,525$1,558,772$8,659,899
80$18,234,861$3,080,535$1,514,602$9,346,039
81$19,995,392$3,132,056$1,465,916$10,098,204
82$21,932,366$3,182,970$1,412,468$10,923,095
83$24,063,680$3,233,149$1,353,999$11,828,102
84$26,409,056$3,282,454$1,290,238$12,821,369
85$28,990,223$3,330,738$1,220,905$13,911,874
86$31,831,123$3,377,842$1,145,703$15,109,516
87$34,958,139$3,423,596$1,064,325$16,425,208
88$38,400,337$3,467,821$976,448$17,870,977
89$42,189,748$3,510,321$881,736$19,460,087
90$46,361,666$3,550,890$779,837$21,207,154
91$50,954,979$3,589,306$670,384$23,128,294
92$56,012,539$3,625,335$552,995$25,241,273
93$61,581,565$3,658,723$427,267$27,565,672
94$67,714,087$3,689,203$292,783$30,123,079
95$74,467,440$3,716,490$149,108$32,937,291
96$81,904,800$3,740,280$0$36,034,538
97$90,095,784$3,760,247$0$39,444,546
98$99,117,104$3,776,050$0$43,228,992
99$109,053,292$3,787,320$0$47,394,437
100$119,997,499$3,793,669$0$51,979,708