Can I retire at age 53 with 1,670,000?

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 $1,670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$137,907$136,679$135,480$134,310$133,168$131,997
2 years$68,271$66,999$65,767$64,572$63,413$62,234
3 years$45,062$43,785$42,556$41,372$40,232$39,080
4 years$33,460$32,186$30,970$29,806$28,694$27,578
5 years$26,500$25,235$24,034$22,894$21,813$20,736
6 years$21,862$20,606$19,423$18,309$17,260$16,224
7 years$18,550$17,305$16,140$15,052$14,037$13,043
8 years$16,068$14,833$13,688$12,627$11,645$10,693
9 years$14,138$12,915$11,790$10,756$9,807$8,896
10 years$12,595$11,384$10,279$9,271$8,356$7,485
11 years$11,333$10,135$9,049$8,069$7,186$6,356
12 years$10,282$9,096$8,031$7,077$6,227$5,436
13 years$9,394$8,220$7,175$6,248$5,430$4,678
14 years$8,633$7,472$6,447$5,547$4,760$4,045
15 years$7,975$6,826$5,821$4,947$4,191$3,512
16 years$7,399$6,263$5,277$4,429$3,704$3,061
17 years$6,891$5,768$4,802$3,980$3,284$2,675
18 years$6,441$5,330$4,384$3,586$2,920$2,344
19 years$6,038$4,939$4,013$3,241$2,603$2,058
20 years$5,676$4,590$3,683$2,935$2,325$1,811
21 years$5,349$4,275$3,388$2,664$2,081$1,596
22 years$5,052$3,991$3,122$2,422$1,865$1,408
23 years$4,781$3,733$2,883$2,206$1,674$1,245
24 years$4,533$3,497$2,666$2,012$1,505$1,101
25 years$4,306$3,282$2,469$1,837$1,354$975
26 years$4,096$3,084$2,290$1,680$1,220$864
27 years$3,902$2,903$2,127$1,538$1,100$766
28 years$3,722$2,735$1,977$1,409$992$680
29 years$3,555$2,580$1,840$1,292$896$604
30 years$3,399$2,437$1,714$1,186$810$536
31 years$3,254$2,304$1,598$1,089$732$477
32 years$3,118$2,180$1,491$1,001$662$424
33 years$2,991$2,064$1,392$920$599$377
34 years$2,871$1,957$1,300$847$542$336
35 years$2,758$1,856$1,216$779$491$299
36 years$2,652$1,761$1,137$718$445$266
37 years$2,552$1,673$1,065$661$403$237
38 years$2,458$1,590$997$610$366$211
39 years$2,368$1,512$934$562$332$188
40 years$2,283$1,438$875$518$301$167
41 years$2,203$1,369$821$478$273$149
42 years$2,126$1,304$770$441$248$133
43 years$2,053$1,242$723$408$225$118
44 years$1,984$1,184$678$376$204$106
45 years$1,918$1,129$637$347$185$94
46 years$1,855$1,077$598$321$168$84
47 years$1,795$1,028$562$297$153$75
48 years$1,738$981$528$274$139$67
49 years$1,683$937$496$253$126$59
50 years$1,631$895$467$234$114$53

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,670,000, adding $6,045 every year, while hoping to spend $45,134 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: 67/20/13 Blend
52$1,670,000$1,670,000$1,670,000$1,670,000
53$1,846,575$1,758,065$1,732,180$1,964,455
54$1,986,904$1,796,188$1,742,186$2,081,884
55$2,140,033$1,834,667$1,751,015$2,204,329
56$2,307,221$1,873,470$1,758,578$2,337,057
57$2,489,853$1,912,565$1,764,786$2,481,070
58$2,689,453$1,951,916$1,769,541$2,637,474
59$2,907,700$1,991,482$1,772,743$2,807,487
60$3,146,441$2,031,221$1,774,286$2,992,450
61$3,407,712$2,071,085$1,774,059$3,193,840
62$3,693,753$2,111,023$1,771,944$3,413,285
63$4,007,032$2,150,979$1,767,820$3,652,580
64$4,350,266$2,190,893$1,761,558$3,913,701
65$4,726,446$2,230,700$1,753,024$4,198,825
66$5,138,869$2,270,330$1,742,076$4,510,352
67$5,591,165$2,309,707$1,728,566$4,850,927
68$6,087,330$2,348,749$1,712,340$5,223,464
69$6,631,770$2,387,370$1,693,236$5,631,174
70$7,229,334$2,425,474$1,671,082$6,077,596
71$7,885,364$2,462,961$1,645,702$6,566,629
72$8,605,747$2,499,721$1,616,908$7,102,572
73$9,396,965$2,535,640$1,584,507$7,690,160
74$10,266,160$2,570,591$1,548,293$8,334,614
75$11,221,201$2,604,442$1,508,053$9,041,686
76$12,270,754$2,637,051$1,463,563$9,817,717
77$13,424,369$2,668,264$1,414,591$10,669,693
78$14,692,566$2,697,920$1,360,891$11,605,315
79$16,086,934$2,725,845$1,302,207$12,633,069
80$17,620,244$2,751,854$1,238,273$13,762,311
81$19,306,563$2,775,749$1,168,809$15,003,347
82$21,161,391$2,797,320$1,093,524$16,367,540
83$23,201,807$2,816,343$1,012,111$17,867,411
84$25,446,628$2,832,579$924,253$19,516,761
85$27,916,584$2,845,776$829,616$21,330,799
86$30,634,519$2,855,663$727,852$23,326,287
87$33,625,603$2,861,953$618,598$25,521,702
88$36,917,568$2,864,342$501,474$27,937,404
89$40,540,971$2,862,506$376,084$30,595,833
90$44,529,483$2,856,101$242,016$33,521,724
91$48,920,202$2,844,763$98,835$36,742,333
92$53,754,009$2,828,103$0$40,287,702
93$59,075,949$2,805,711$0$44,198,427
94$64,935,657$2,777,151$0$48,518,628
95$71,387,824$2,741,961$0$53,274,867
96$78,492,717$2,699,653$0$58,511,538
97$86,316,744$2,649,706$0$64,277,563
98$94,933,082$2,591,572$0$70,626,856
99$104,422,366$2,524,667$0$77,618,830
100$114,873,448$2,448,378$0$85,318,960