Can I retire at age 53 with 1,810,000?

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 $1,810,000?

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$149,468$148,137$146,838$145,570$144,332$143,063
2 years$73,994$72,616$71,280$69,986$68,729$67,451
3 years$48,839$47,455$46,123$44,840$43,605$42,356
4 years$36,265$34,885$33,566$32,305$31,099$29,890
5 years$28,722$27,350$26,048$24,813$23,641$22,475
6 years$23,695$22,333$21,051$19,843$18,706$17,585
7 years$20,105$18,756$17,494$16,314$15,213$14,136
8 years$17,414$16,077$14,836$13,686$12,621$11,589
9 years$15,323$13,998$12,778$11,657$10,629$9,641
10 years$13,650$12,338$11,140$10,049$9,056$8,113
11 years$12,283$10,984$9,808$8,745$7,789$6,889
12 years$11,144$9,859$8,704$7,671$6,749$5,892
13 years$10,182$8,909$7,777$6,772$5,886$5,070
14 years$9,357$8,098$6,987$6,012$5,159$4,384
15 years$8,643$7,398$6,309$5,361$4,543$3,807
16 years$8,019$6,788$5,720$4,800$4,015$3,317
17 years$7,469$6,251$5,205$4,313$3,560$2,899
18 years$6,980$5,776$4,751$3,887$3,165$2,540
19 years$6,544$5,353$4,349$3,512$2,821$2,231
20 years$6,152$4,975$3,992$3,181$2,520$1,963
21 years$5,797$4,634$3,672$2,887$2,255$1,730
22 years$5,475$4,325$3,384$2,625$2,021$1,526
23 years$5,182$4,045$3,124$2,391$1,815$1,349
24 years$4,913$3,790$2,890$2,180$1,631$1,193
25 years$4,666$3,557$2,676$1,991$1,468$1,057
26 years$4,439$3,343$2,482$1,821$1,322$936
27 years$4,229$3,146$2,305$1,666$1,192$830
28 years$4,034$2,965$2,143$1,527$1,075$737
29 years$3,853$2,797$1,994$1,400$971$654
30 years$3,684$2,641$1,857$1,285$877$581
31 years$3,527$2,497$1,732$1,180$793$517
32 years$3,380$2,363$1,616$1,085$718$460
33 years$3,241$2,237$1,508$997$649$409
34 years$3,112$2,121$1,409$918$588$364
35 years$2,990$2,011$1,318$845$533$324
36 years$2,875$1,909$1,233$778$483$288
37 years$2,766$1,813$1,154$717$437$257
38 years$2,664$1,723$1,080$661$396$229
39 years$2,567$1,639$1,012$609$360$204
40 years$2,475$1,559$949$562$326$181
41 years$2,387$1,484$890$518$296$162
42 years$2,304$1,413$835$478$268$144
43 years$2,226$1,347$783$442$244$128
44 years$2,151$1,284$735$408$221$114
45 years$2,079$1,224$690$377$201$102
46 years$2,011$1,168$648$348$182$91
47 years$1,946$1,114$609$321$166$81
48 years$1,884$1,064$572$297$150$72
49 years$1,824$1,016$538$274$137$64
50 years$1,767$970$506$254$124$57

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,810,000, adding $3,547 every year, while hoping to spend $31,568 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: 70/15/15 Blend
52$1,810,000$1,810,000$1,810,000$1,810,000
53$1,998,279$1,902,349$1,874,294$2,131,063
54$2,168,515$1,961,976$1,903,494$2,279,412
55$2,355,057$2,023,466$1,932,615$2,437,590
56$2,559,536$2,086,879$1,961,621$2,609,890
57$2,783,745$2,152,273$1,990,472$2,797,702
58$3,029,663$2,219,710$2,019,128$3,002,554
59$3,299,466$2,289,253$2,047,547$3,226,129
60$3,595,554$2,360,969$2,075,682$3,470,281
61$3,920,569$2,434,924$2,103,485$3,737,051
62$4,277,420$2,511,189$2,130,905$4,028,687
63$4,669,314$2,589,835$2,157,888$4,347,666
64$5,099,783$2,670,935$2,184,376$4,696,714
65$5,572,717$2,754,567$2,210,308$5,078,836
66$6,092,402$2,840,808$2,235,621$5,497,340
67$6,663,559$2,929,741$2,260,247$5,955,870
68$7,291,392$3,021,447$2,284,115$6,458,443
69$7,981,630$3,116,014$2,307,149$7,009,480
70$8,740,587$3,213,530$2,329,269$7,613,855
71$9,575,220$3,314,087$2,350,393$8,276,934
72$10,493,194$3,417,778$2,370,432$9,004,631
73$11,502,951$3,524,701$2,389,294$9,803,461
74$12,613,797$3,634,955$2,406,880$10,680,602
75$13,835,981$3,748,646$2,423,087$11,643,962
76$15,180,799$3,865,877$2,437,809$12,702,253
77$16,660,696$3,986,760$2,450,930$13,865,075
78$18,289,382$4,111,406$2,462,332$15,143,005
79$20,081,967$4,239,934$2,471,888$16,547,697
80$22,055,099$4,372,461$2,479,467$18,091,992
81$24,227,120$4,509,113$2,484,931$19,790,037
82$26,618,243$4,650,017$2,488,133$21,657,421
83$29,250,740$4,795,303$2,488,921$23,711,323
84$32,149,150$4,945,108$2,487,134$25,970,670
85$35,340,515$5,099,570$2,482,605$28,456,316
86$38,854,633$5,258,834$2,475,157$31,191,244
87$42,724,335$5,423,047$2,464,606$34,200,775
88$46,985,804$5,592,362$2,450,756$37,512,813
89$51,678,905$5,766,937$2,433,405$41,158,105
90$56,847,570$5,946,933$2,412,341$45,170,532
91$62,540,207$6,132,518$2,387,339$49,587,429
92$68,810,160$6,323,864$2,358,167$54,449,936
93$75,716,210$6,521,147$2,324,579$59,803,386
94$83,323,130$6,724,550$2,286,320$65,697,736
95$91,702,299$6,934,262$2,243,121$72,188,035
96$100,932,369$7,150,476$2,194,701$79,334,942
97$111,100,014$7,373,393$2,140,767$87,205,304
98$122,300,744$7,603,218$2,081,011$95,872,783
99$134,639,807$7,840,163$2,015,112$105,418,550
100$148,233,182$8,084,446$1,942,733$115,932,055