Can I retire at age 53 with 1,720,000?

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 $1,720,000?

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$142,036$140,771$139,536$138,332$137,155$134,939
2 years$70,315$69,005$67,736$66,506$65,312$63,085
3 years$46,411$45,096$43,830$42,611$41,437$39,268
4 years$34,461$33,150$31,897$30,699$29,553$27,460
5 years$27,293$25,990$24,753$23,580$22,466$20,455
6 years$22,516$21,223$20,004$18,857$17,776$15,849
7 years$19,106$17,823$16,624$15,503$14,457$12,614
8 years$16,549$15,278$14,098$13,005$11,993$10,235
9 years$14,561$13,302$12,143$11,078$10,100$8,425
10 years$12,972$11,725$10,586$9,549$8,606$7,012
11 years$11,672$10,438$9,320$8,310$7,401$5,888
12 years$10,590$9,369$8,271$7,289$6,414$4,979
13 years$9,675$8,466$7,390$6,435$5,593$4,234
14 years$8,892$7,696$6,640$5,713$4,903$3,618
15 years$8,213$7,030$5,995$5,095$4,317$3,103
16 years$7,620$6,450$5,435$4,562$3,815$2,670
17 years$7,098$5,940$4,946$4,099$3,383$2,304
18 years$6,633$5,489$4,515$3,694$3,008$1,993
19 years$6,219$5,087$4,133$3,338$2,681$1,728
20 years$5,846$4,727$3,793$3,023$2,395$1,500
21 years$5,509$4,403$3,489$2,743$2,143$1,304
22 years$5,203$4,110$3,216$2,494$1,921$1,135
23 years$4,924$3,844$2,969$2,272$1,724$990
24 years$4,669$3,602$2,746$2,072$1,550$863
25 years$4,434$3,380$2,543$1,892$1,395$754
26 years$4,218$3,177$2,359$1,730$1,256$658
27 years$4,019$2,990$2,190$1,584$1,133$576
28 years$3,834$2,817$2,036$1,451$1,022$503
29 years$3,661$2,658$1,895$1,331$923$441
30 years$3,501$2,510$1,765$1,221$834$386
31 years$3,352$2,373$1,645$1,121$754$338
32 years$3,212$2,245$1,535$1,031$682$296
33 years$3,080$2,126$1,433$948$617$259
34 years$2,957$2,015$1,339$872$559$227
35 years$2,841$1,911$1,252$803$506$199
36 years$2,732$1,814$1,171$739$459$175
37 years$2,629$1,723$1,096$681$416$153
38 years$2,531$1,637$1,027$628$377$134
39 years$2,439$1,557$962$579$342$118
40 years$2,352$1,481$902$534$310$103
41 years$2,269$1,410$845$493$281$91
42 years$2,190$1,343$793$455$255$80
43 years$2,115$1,280$744$420$232$70
44 years$2,044$1,220$699$388$210$61
45 years$1,976$1,163$656$358$191$54
46 years$1,911$1,110$616$331$173$47
47 years$1,849$1,059$579$305$157$41
48 years$1,790$1,011$544$282$143$36
49 years$1,733$965$511$261$130$32
50 years$1,679$922$481$241$118$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,720,000, adding $4,131 every year, while hoping to spend $31,735 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: 71/22/7 Blend
52$1,720,000$1,720,000$1,720,000$1,720,000
53$1,899,701$1,808,541$1,781,881$2,032,285
54$2,059,705$1,863,394$1,807,808$2,175,263
55$2,234,965$1,919,871$1,833,541$2,327,376
56$2,427,005$1,978,018$1,859,038$2,492,990
57$2,637,502$2,037,882$1,884,257$2,673,423
58$2,868,301$2,099,513$1,909,154$2,870,130
59$3,121,438$2,162,960$1,933,681$3,084,709
60$3,399,153$2,228,273$1,957,788$3,318,922
61$3,703,914$2,295,505$1,981,421$3,574,708
62$4,038,439$2,364,711$2,004,524$3,854,202
63$4,405,722$2,435,944$2,027,038$4,159,757
64$4,809,062$2,509,262$2,048,900$4,493,960
65$5,252,092$2,584,722$2,070,044$4,859,664
66$5,738,816$2,662,383$2,090,401$5,260,010
67$6,273,642$2,742,307$2,109,896$5,698,456
68$6,861,428$2,824,555$2,128,453$6,178,811
69$7,507,527$2,909,191$2,145,989$6,705,273
70$8,217,834$2,996,281$2,162,419$7,282,464
71$8,998,846$3,085,891$2,177,652$7,915,475
72$9,857,718$3,178,090$2,191,594$8,609,914
73$10,802,337$3,272,948$2,204,144$9,371,961
74$11,841,389$3,370,536$2,215,197$10,208,422
75$12,984,448$3,470,929$2,224,642$11,126,794
76$14,242,058$3,574,201$2,232,364$12,135,340
77$15,625,840$3,680,429$2,238,240$13,243,159
78$17,148,597$3,789,691$2,242,143$14,460,278
79$18,824,436$3,902,068$2,243,937$15,797,744
80$20,668,902$4,017,643$2,243,482$17,267,728
81$22,699,120$4,136,498$2,240,629$18,883,638
82$24,933,964$4,258,720$2,235,224$20,660,250
83$27,394,227$4,384,396$2,227,103$22,613,842
84$30,102,822$4,513,615$2,216,095$24,762,350
85$33,084,997$4,646,470$2,202,021$27,125,536
86$36,368,573$4,783,052$2,184,694$29,725,176
87$39,984,203$4,923,458$2,163,918$32,585,263
88$43,965,668$5,067,783$2,139,485$35,732,233
89$48,350,189$5,216,128$2,111,181$39,195,219
90$53,178,782$5,368,592$2,078,779$43,006,317
91$58,496,643$5,525,278$2,042,043$47,200,898
92$64,353,575$5,686,291$2,000,726$51,817,935
93$70,804,458$5,851,737$1,954,569$56,900,373
94$77,909,765$6,021,725$1,903,300$62,495,534
95$85,736,137$6,196,365$1,846,636$68,655,562
96$94,357,004$6,375,769$1,784,280$75,437,917
97$103,853,288$6,560,051$1,715,922$82,905,918
98$114,314,156$6,749,326$1,641,239$91,129,333
99$125,837,870$6,943,713$1,559,890$100,185,049
100$138,532,708$7,143,330$1,471,521$110,157,786