Can I retire at age 53 with 1,700,000?

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 $1,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$140,384$139,134$137,914$136,723$135,560$133,260
2 years$69,497$68,203$66,949$65,732$64,553$62,242
3 years$45,871$44,571$43,320$42,115$40,955$38,706
4 years$34,061$32,765$31,526$30,342$29,209$27,040
5 years$26,976$25,688$24,465$23,305$22,204$20,120
6 years$22,255$20,976$19,772$18,637$17,570$15,573
7 years$18,883$17,616$16,430$15,323$14,289$12,381
8 years$16,356$15,100$13,934$12,854$11,854$10,034
9 years$14,392$13,147$12,002$10,949$9,983$8,249
10 years$12,821$11,589$10,463$9,438$8,506$6,858
11 years$11,537$10,317$9,212$8,214$7,315$5,751
12 years$10,467$9,260$8,175$7,205$6,339$4,857
13 years$9,563$8,368$7,304$6,361$5,528$4,125
14 years$8,788$7,606$6,563$5,646$4,846$3,520
15 years$8,118$6,949$5,925$5,035$4,267$3,015
16 years$7,532$6,375$5,372$4,509$3,771$2,591
17 years$7,015$5,871$4,888$4,051$3,343$2,233
18 years$6,556$5,425$4,462$3,651$2,973$1,928
19 years$6,146$5,028$4,085$3,299$2,650$1,669
20 years$5,778$4,672$3,749$2,988$2,367$1,447
21 years$5,445$4,352$3,448$2,712$2,118$1,256
22 years$5,142$4,063$3,178$2,465$1,899$1,092
23 years$4,867$3,800$2,935$2,245$1,704$950
24 years$4,615$3,560$2,714$2,048$1,532$828
25 years$4,383$3,341$2,514$1,870$1,378$721
26 years$4,169$3,140$2,331$1,710$1,242$629
27 years$3,972$2,955$2,165$1,565$1,119$549
28 years$3,789$2,784$2,013$1,434$1,010$480
29 years$3,619$2,627$1,873$1,315$912$419
30 years$3,460$2,481$1,744$1,207$824$366
31 years$3,313$2,345$1,626$1,108$745$320
32 years$3,174$2,219$1,517$1,019$674$280
33 years$3,044$2,101$1,417$937$610$245
34 years$2,923$1,992$1,324$862$552$214
35 years$2,808$1,889$1,238$793$500$188
36 years$2,700$1,793$1,158$731$453$164
37 years$2,598$1,703$1,084$673$411$144
38 years$2,502$1,618$1,015$621$372$126
39 years$2,411$1,539$951$572$338$110
40 years$2,324$1,464$891$528$306$97
41 years$2,242$1,394$836$487$278$85
42 years$2,164$1,327$784$449$252$74
43 years$2,090$1,265$736$415$229$65
44 years$2,020$1,206$690$383$208$57
45 years$1,953$1,150$648$354$189$50
46 years$1,889$1,097$609$327$171$44
47 years$1,828$1,047$572$302$155$38
48 years$1,769$999$538$279$141$33
49 years$1,713$954$505$258$128$29
50 years$1,660$911$475$238$116$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,700,000, adding $4,750 every year, while hoping to spend $57,376 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: 66/28/6 Blend
52$1,700,000$1,700,000$1,700,000$1,700,000
53$1,878,300$1,788,200$1,761,850$2,000,200
54$2,008,839$1,814,774$1,759,824$2,108,301
55$2,150,769$1,840,727$1,755,807$2,219,063
56$2,305,194$1,865,969$1,749,673$2,338,577
57$2,473,323$1,890,401$1,741,287$2,467,688
58$2,656,492$1,913,920$1,730,509$2,607,324
59$2,856,166$1,936,414$1,717,193$2,758,514
60$3,073,962$1,957,765$1,701,186$2,922,386
61$3,311,656$1,977,846$1,682,326$3,100,187
62$3,571,206$1,996,521$1,660,445$3,293,290
63$3,854,766$2,013,647$1,635,367$3,503,208
64$4,164,706$2,029,071$1,606,906$3,731,610
65$4,503,638$2,042,627$1,574,869$3,980,336
66$4,874,437$2,054,143$1,539,055$4,251,411
67$5,280,267$2,063,434$1,499,251$4,547,072
68$5,724,613$2,070,301$1,455,235$4,869,781
69$6,211,315$2,074,537$1,406,776$5,222,254
70$6,744,598$2,075,918$1,353,632$5,607,486
71$7,329,117$2,074,208$1,295,549$6,028,777
72$7,969,999$2,069,157$1,232,262$6,489,765
73$8,672,890$2,060,497$1,163,494$6,994,463
74$9,444,010$2,047,946$1,088,956$7,547,294
75$10,290,208$2,031,205$1,008,345$8,153,132
76$11,219,030$2,009,955$921,346$8,817,352
77$12,238,788$1,983,859$827,627$9,545,882
78$13,358,636$1,952,560$726,845$10,345,253
79$14,588,661$1,915,679$618,638$11,222,669
80$15,939,973$1,872,816$502,631$12,186,068
81$17,424,812$1,823,545$378,430$13,244,205
82$19,056,661$1,767,418$245,626$14,406,730
83$20,850,376$1,703,957$103,791$15,684,281
84$22,822,324$1,632,660$0$17,088,586
85$24,990,534$1,552,994$0$18,635,620
86$27,374,872$1,464,394$0$20,343,879
87$29,997,225$1,366,265$0$22,222,455
88$32,881,706$1,257,976$0$24,288,702
89$36,054,884$1,138,861$0$26,561,748
90$39,546,033$1,008,216$0$29,062,677
91$43,387,406$865,296$0$31,814,729
92$47,614,540$709,315$0$34,843,521
93$52,266,594$539,441$0$38,177,289
94$57,386,711$354,798$0$41,847,155
95$63,022,431$154,459$0$45,887,423
96$69,226,136$0$0$50,335,904
97$76,055,544$0$0$55,253,550
98$83,574,256$0$0$60,720,069
99$91,852,348$0$0$66,738,839
100$100,967,042$0$0$73,366,021