Can I retire at age 53 with 1,800,000?

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 $1,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$148,642$147,318$146,027$144,766$143,535$139,443
2 years$73,585$72,215$70,887$69,599$68,350$64,259
3 years$48,570$47,193$45,868$44,593$43,364$39,403
4 years$36,064$34,692$33,380$32,127$30,928$27,126
5 years$28,563$27,199$25,905$24,676$23,511$19,880
6 years$23,564$22,210$20,935$19,734$18,603$15,146
7 years$19,994$18,652$17,397$16,224$15,129$11,845
8 years$17,318$15,988$14,754$13,610$12,551$9,439
9 years$15,238$13,921$12,708$11,593$10,570$7,626
10 years$13,575$12,270$11,079$9,993$9,006$6,227
11 years$12,215$10,924$9,754$8,697$7,746$5,127
12 years$11,083$9,804$8,656$7,628$6,712$4,248
13 years$10,125$8,860$7,734$6,735$5,853$3,539
14 years$9,305$8,054$6,949$5,978$5,131$2,960
15 years$8,595$7,357$6,274$5,332$4,518$2,485
16 years$7,975$6,750$5,688$4,774$3,993$2,092
17 years$7,428$6,217$5,176$4,289$3,540$1,766
18 years$6,942$5,744$4,725$3,866$3,148$1,493
19 years$6,508$5,324$4,325$3,493$2,806$1,264
20 years$6,118$4,947$3,970$3,163$2,506$1,072
21 years$5,765$4,608$3,651$2,871$2,243$911
22 years$5,445$4,302$3,365$2,610$2,010$774
23 years$5,153$4,023$3,107$2,377$1,804$658
24 years$4,886$3,769$2,874$2,168$1,622$560
25 years$4,641$3,537$2,662$1,980$1,459$477
26 years$4,415$3,325$2,468$1,811$1,315$407
27 years$4,206$3,129$2,292$1,657$1,185$347
28 years$4,012$2,948$2,131$1,518$1,069$296
29 years$3,832$2,781$1,983$1,392$966$252
30 years$3,664$2,627$1,847$1,278$873$215
31 years$3,507$2,483$1,722$1,174$789$184
32 years$3,361$2,350$1,607$1,079$714$157
33 years$3,224$2,225$1,500$992$646$134
34 years$3,095$2,109$1,402$913$585$114
35 years$2,973$2,000$1,310$840$530$98
36 years$2,859$1,898$1,226$774$480$83
37 years$2,751$1,803$1,147$713$435$71
38 years$2,649$1,714$1,074$657$394$61
39 years$2,552$1,629$1,007$606$358$52
40 years$2,461$1,550$944$559$324$44
41 years$2,374$1,476$885$516$294$38
42 years$2,292$1,405$830$476$267$32
43 years$2,213$1,339$779$439$242$28
44 years$2,139$1,276$731$406$220$24
45 years$2,068$1,217$686$375$200$20
46 years$2,000$1,161$645$346$181$17
47 years$1,935$1,108$606$320$165$15
48 years$1,873$1,058$569$295$149$13
49 years$1,814$1,010$535$273$136$11
50 years$1,757$965$503$252$123$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,800,000, adding $4,540 every year, while hoping to spend $26,270 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: 43/37/20 Blend
52$1,800,000$1,800,000$1,800,000$1,800,000
53$1,988,283$1,892,883$1,864,983$2,062,023
54$2,163,137$1,957,683$1,899,509$2,179,408
55$2,354,945$2,024,778$1,934,311$2,303,594
56$2,565,410$2,094,253$1,969,371$2,437,599
57$2,796,405$2,166,194$2,004,668$2,582,342
58$3,049,996$2,240,695$2,040,181$2,738,831
59$3,328,456$2,317,850$2,075,888$2,908,177
60$3,634,290$2,397,756$2,111,762$3,091,600
61$3,970,260$2,480,518$2,147,778$3,290,442
62$4,339,404$2,566,241$2,183,907$3,506,179
63$4,745,073$2,655,037$2,220,117$3,740,436
64$5,190,955$2,747,019$2,256,376$3,994,998
65$5,681,118$2,842,308$2,292,650$4,271,831
66$6,220,038$2,941,027$2,328,900$4,573,097
67$6,812,651$3,043,306$2,365,087$4,901,178
68$7,464,393$3,149,280$2,401,169$5,258,693
69$8,181,253$3,259,087$2,437,100$5,648,524
70$8,969,831$3,372,872$2,472,833$6,073,845
71$9,837,397$3,490,787$2,508,317$6,538,150
72$10,791,964$3,612,987$2,543,498$7,045,285
73$11,842,358$3,739,637$2,578,318$7,599,485
74$12,998,305$3,870,906$2,612,718$8,205,410
75$14,270,521$4,006,969$2,646,634$8,868,196
76$15,670,815$4,148,011$2,679,996$9,593,494
77$17,212,197$4,294,222$2,712,735$10,387,528
78$18,909,002$4,445,801$2,744,773$11,257,155
79$20,777,029$4,602,954$2,776,031$12,209,922
80$22,833,682$4,765,895$2,806,425$13,254,144
81$25,098,142$4,934,848$2,835,864$14,398,977
82$27,591,543$5,110,046$2,864,256$15,654,508
83$30,337,173$5,291,730$2,891,501$17,031,845
84$33,360,692$5,480,153$2,917,494$18,543,224
85$36,690,378$5,675,576$2,942,125$20,202,123
86$40,357,390$5,878,272$2,965,279$22,023,389
87$44,396,061$6,088,524$2,986,833$24,023,378
88$48,844,226$6,306,629$3,006,659$26,220,105
89$53,743,577$6,532,894$3,024,622$28,633,418
90$59,140,054$6,767,638$3,040,580$31,285,181
91$65,084,284$7,011,196$3,054,383$34,199,484
92$71,632,050$7,263,915$3,065,875$37,402,862
93$78,844,828$7,526,156$3,074,891$40,924,553
94$86,790,359$7,798,295$3,081,257$44,796,766
95$95,543,288$8,080,725$3,084,793$49,054,988
96$105,185,877$8,373,853$3,085,306$53,738,319
97$115,808,771$8,678,106$3,082,598$58,889,836
98$127,511,858$8,993,927$3,076,458$64,557,001
99$140,405,215$9,321,776$3,066,666$70,792,108
100$154,610,139$9,662,135$3,052,992$77,652,774