Can I retire at age 53 with 1,830,000?

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 $1,830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$151,120$149,774$148,460$147,178$145,927$142,922
2 years$74,812$73,418$72,068$70,759$69,489$66,475
3 years$49,379$47,980$46,633$45,336$44,087$41,158
4 years$36,665$35,270$33,937$32,662$31,443$28,622
5 years$29,039$27,652$26,336$25,088$23,902$21,198
6 years$23,956$22,580$21,284$20,063$18,913$16,327
7 years$20,327$18,963$17,687$16,495$15,381$12,914
8 years$17,607$16,255$15,000$13,837$12,760$10,412
9 years$15,492$14,153$12,919$11,786$10,746$8,514
10 years$13,801$12,475$11,263$10,160$9,156$7,039
11 years$12,419$11,106$9,916$8,842$7,875$5,870
12 years$11,267$9,968$8,800$7,756$6,824$4,928
13 years$10,294$9,008$7,862$6,847$5,951$4,161
14 years$9,460$8,188$7,064$6,078$5,216$3,529
15 years$8,739$7,480$6,378$5,421$4,593$3,004
16 years$8,108$6,863$5,783$4,853$4,059$2,565
17 years$7,551$6,320$5,262$4,361$3,599$2,196
18 years$7,058$5,840$4,804$3,930$3,200$1,885
19 years$6,616$5,413$4,398$3,551$2,852$1,620
20 years$6,220$5,030$4,036$3,216$2,548$1,395
21 years$5,861$4,685$3,712$2,919$2,280$1,203
22 years$5,536$4,373$3,421$2,654$2,044$1,038
23 years$5,239$4,090$3,159$2,417$1,835$897
24 years$4,967$3,832$2,922$2,204$1,649$776
25 years$4,718$3,596$2,706$2,013$1,484$672
26 years$4,488$3,380$2,510$1,841$1,337$582
27 years$4,276$3,181$2,330$1,685$1,205$504
28 years$4,079$2,997$2,166$1,544$1,087$437
29 years$3,896$2,828$2,016$1,416$982$379
30 years$3,725$2,670$1,878$1,299$887$329
31 years$3,566$2,524$1,751$1,193$802$285
32 years$3,417$2,389$1,633$1,097$726$248
33 years$3,277$2,262$1,525$1,008$657$215
34 years$3,146$2,144$1,425$928$594$187
35 years$3,023$2,034$1,332$854$538$162
36 years$2,906$1,930$1,246$787$488$141
37 years$2,797$1,833$1,167$725$442$122
38 years$2,693$1,742$1,092$668$401$106
39 years$2,595$1,657$1,023$616$364$92
40 years$2,502$1,576$959$568$330$80
41 years$2,414$1,500$899$524$299$70
42 years$2,330$1,429$844$484$271$61
43 years$2,250$1,361$792$447$246$53
44 years$2,174$1,298$743$412$224$46
45 years$2,102$1,237$698$381$203$40
46 years$2,033$1,181$655$352$184$35
47 years$1,967$1,127$616$325$167$30
48 years$1,904$1,075$579$300$152$26
49 years$1,844$1,027$544$278$138$23
50 years$1,787$981$511$257$125$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,830,000, adding $6,184 every year, while hoping to spend $32,976 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: 55/34/11 Blend
52$1,830,000$1,830,000$1,830,000$1,830,000
53$2,023,039$1,926,049$1,897,684$2,128,359
54$2,194,303$1,985,339$1,926,170$2,259,717
55$2,381,930$2,046,429$1,954,505$2,398,532
56$2,587,555$2,109,373$1,982,650$2,548,898
57$2,812,979$2,174,225$2,010,561$2,711,920
58$3,060,182$2,241,041$2,038,195$2,888,815
59$3,331,349$2,309,881$2,065,502$3,080,921
60$3,628,885$2,380,803$2,092,435$3,289,713
61$3,955,437$2,453,869$2,118,938$3,516,811
62$4,313,925$2,529,142$2,144,956$3,764,000
63$4,707,563$2,606,686$2,170,428$4,033,245
64$5,139,890$2,686,570$2,195,294$4,326,709
65$5,614,807$2,768,861$2,219,485$4,646,771
66$6,136,612$2,853,629$2,242,932$4,996,055
67$6,710,037$2,940,947$2,265,561$5,377,446
68$7,340,297$3,030,890$2,287,294$5,794,123
69$8,033,138$3,123,535$2,308,048$6,249,586
70$8,794,889$3,218,958$2,327,739$6,747,690
71$9,632,523$3,317,243$2,346,273$7,292,680
72$10,553,723$3,418,470$2,363,556$7,889,231
73$11,566,954$3,522,727$2,379,486$8,542,493
74$12,681,542$3,630,099$2,393,958$9,258,138
75$13,907,763$3,740,678$2,406,860$10,042,414
76$15,256,939$3,854,555$2,418,073$10,902,202
77$16,741,544$3,971,826$2,427,476$11,845,083
78$18,375,324$4,092,587$2,434,939$12,879,408
79$20,173,422$4,216,939$2,440,324$14,014,377
80$22,152,527$4,344,985$2,443,491$15,260,124
81$24,331,025$4,476,829$2,444,288$16,627,815
82$26,729,176$4,612,580$2,442,558$18,129,751
83$29,369,305$4,752,350$2,438,137$19,779,482
84$32,276,010$4,896,251$2,430,851$21,591,939
85$35,476,397$5,044,401$2,420,518$23,583,572
86$39,000,333$5,196,920$2,406,949$25,772,505
87$42,880,728$5,353,931$2,389,943$28,178,707
88$47,153,849$5,515,559$2,369,292$30,824,179
89$51,859,655$5,681,935$2,344,777$33,733,163
90$57,042,180$5,853,191$2,316,168$36,932,370
91$62,749,948$6,029,463$2,283,225$40,451,230
92$69,036,426$6,210,890$2,245,696$44,322,172
93$75,960,534$6,397,616$2,203,319$48,580,928
94$83,587,196$6,589,786$2,155,818$53,266,871
95$91,987,956$6,787,552$2,102,904$58,423,383
96$101,241,652$6,991,066$2,044,276$64,098,270
97$111,435,159$7,200,487$1,979,617$70,344,206
98$122,664,210$7,415,976$1,908,599$77,219,237
99$135,034,298$7,637,697$1,830,876$84,787,321
100$148,661,672$7,865,820$1,746,086$93,118,937