Can I retire at age 53 with 1,780,000?

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 $1,780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$146,991$145,681$144,404$143,157$141,940$138,060
2 years$72,768$71,412$70,099$68,826$67,590$63,710
3 years$48,030$46,669$45,359$44,097$42,882$39,123
4 years$35,663$34,307$33,010$31,770$30,584$26,974
5 years$28,246$26,897$25,617$24,402$23,249$19,799
6 years$23,302$21,963$20,702$19,515$18,396$15,109
7 years$19,772$18,445$17,204$16,044$14,961$11,837
8 years$17,126$15,810$14,590$13,459$12,412$9,449
9 years$15,069$13,766$12,566$11,464$10,453$7,648
10 years$13,424$12,134$10,956$9,882$8,906$6,257
11 years$12,079$10,802$9,645$8,600$7,660$5,161
12 years$10,960$9,695$8,560$7,544$6,638$4,285
13 years$10,013$8,762$7,648$6,660$5,788$3,577
14 years$9,202$7,964$6,871$5,912$5,074$2,998
15 years$8,500$7,275$6,204$5,272$4,467$2,522
16 years$7,886$6,675$5,625$4,721$3,948$2,128
17 years$7,345$6,148$5,118$4,242$3,501$1,800
18 years$6,865$5,681$4,672$3,823$3,113$1,525
19 years$6,436$5,265$4,277$3,454$2,774$1,295
20 years$6,050$4,892$3,926$3,128$2,478$1,101
21 years$5,701$4,557$3,611$2,839$2,218$937
22 years$5,384$4,254$3,328$2,581$1,988$798
23 years$5,096$3,978$3,073$2,351$1,784$680
24 years$4,832$3,728$2,842$2,144$1,604$581
25 years$4,589$3,498$2,632$1,958$1,443$496
26 years$4,366$3,288$2,441$1,790$1,300$423
27 years$4,159$3,094$2,267$1,639$1,172$362
28 years$3,967$2,916$2,107$1,502$1,058$309
29 years$3,789$2,750$1,961$1,377$955$265
30 years$3,623$2,598$1,827$1,264$863$226
31 years$3,468$2,456$1,703$1,161$780$194
32 years$3,324$2,323$1,589$1,067$706$166
33 years$3,188$2,200$1,483$981$639$142
34 years$3,060$2,085$1,386$902$578$122
35 years$2,940$1,978$1,296$831$524$104
36 years$2,827$1,877$1,212$765$475$89
37 years$2,720$1,783$1,135$705$430$76
38 years$2,619$1,695$1,063$650$390$65
39 years$2,524$1,611$995$599$354$56
40 years$2,434$1,533$933$553$321$48
41 years$2,348$1,459$875$510$291$41
42 years$2,266$1,390$821$471$264$35
43 years$2,189$1,324$770$434$240$30
44 years$2,115$1,262$723$401$217$26
45 years$2,045$1,204$679$370$197$22
46 years$1,978$1,148$638$342$179$19
47 years$1,914$1,096$599$316$163$16
48 years$1,852$1,046$563$292$148$14
49 years$1,794$999$529$270$134$12
50 years$1,738$954$497$250$122$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,780,000, adding $3,953 every year, while hoping to spend $45,386 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: 62/11/27 Blend
52$1,780,000$1,780,000$1,780,000$1,780,000
53$1,965,638$1,871,298$1,843,708$2,073,092
54$2,117,842$1,914,701$1,857,181$2,189,920
55$2,284,051$1,958,710$1,869,585$2,312,138
56$2,465,643$2,003,306$1,880,836$2,444,616
57$2,664,140$2,048,469$1,890,845$2,588,367
58$2,881,213$2,094,175$1,899,520$2,744,505
59$3,118,707$2,140,399$1,906,763$2,914,259
60$3,378,648$2,187,112$1,912,473$3,098,982
61$3,663,271$2,234,281$1,916,541$3,300,169
62$3,975,035$2,281,872$1,918,856$3,519,463
63$4,316,650$2,329,845$1,919,300$3,758,679
64$4,691,099$2,378,158$1,917,747$4,019,815
65$5,101,667$2,426,764$1,914,067$4,305,074
66$5,551,974$2,475,612$1,908,125$4,616,887
67$6,046,005$2,524,646$1,899,777$4,957,928
68$6,588,151$2,573,807$1,888,873$5,331,151
69$7,183,247$2,623,029$1,875,255$5,739,806
70$7,836,621$2,672,240$1,858,758$6,187,481
71$8,554,140$2,721,364$1,839,211$6,678,127
72$9,342,270$2,770,317$1,816,431$7,216,101
73$10,208,130$2,819,012$1,790,231$7,806,205
74$11,159,565$2,867,350$1,760,410$8,453,733
75$12,205,219$2,915,228$1,726,761$9,164,521
76$13,354,612$2,962,534$1,689,068$9,944,999
77$14,618,233$3,009,149$1,647,103$10,802,258
78$16,007,640$3,054,944$1,600,628$11,744,113
79$17,535,563$3,099,781$1,549,393$12,779,177
80$19,216,032$3,143,512$1,493,139$13,916,946
81$21,064,502$3,185,978$1,431,594$15,167,886
82$23,098,002$3,227,012$1,364,473$16,543,532
83$25,335,293$3,266,430$1,291,478$18,056,600
84$27,797,049$3,304,042$1,212,298$19,721,106
85$30,506,047$3,339,639$1,126,609$21,552,498
86$33,487,384$3,373,002$1,034,071$23,567,803
87$36,768,714$3,403,895$934,330$25,785,790
88$40,380,507$3,432,070$827,013$28,227,145
89$44,356,336$3,457,259$711,736$30,914,669
90$48,733,196$3,479,178$588,092$33,873,491
91$53,551,849$3,497,525$455,661$37,131,312
92$58,857,213$3,511,979$314,001$40,718,659
93$64,698,781$3,522,198$162,652$44,669,182
94$71,131,090$3,527,819$1,134$49,019,967
95$78,214,235$3,528,456$0$53,811,889
96$86,014,436$3,523,700$0$59,139,329
97$94,604,661$3,513,114$0$65,006,166
98$104,065,317$3,496,237$0$71,466,955
99$114,485,006$3,472,579$0$78,582,175
100$125,961,361$3,441,620$0$86,418,470