Can I retire at age 53 with 1,860,000?

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 $1,860,000?

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$153,597$152,229$150,894$149,591$148,319$145,922
2 years$76,038$74,622$73,250$71,919$70,628$68,220
3 years$50,189$48,766$47,397$46,079$44,809$42,465
4 years$37,266$35,848$34,493$33,197$31,958$29,695
5 years$29,515$28,106$26,768$25,499$24,294$22,119
6 years$24,349$22,950$21,633$20,392$19,223$17,139
7 years$20,661$19,274$17,977$16,765$15,634$13,641
8 years$17,896$16,521$15,246$14,064$12,970$11,068
9 years$15,746$14,385$13,131$11,979$10,922$9,110
10 years$14,027$12,679$11,448$10,326$9,306$7,583
11 years$12,622$11,288$10,079$8,987$8,004$6,367
12 years$11,452$10,131$8,945$7,883$6,936$5,384
13 years$10,463$9,156$7,991$6,959$6,048$4,578
14 years$9,615$8,322$7,180$6,178$5,302$3,912
15 years$8,882$7,602$6,483$5,509$4,668$3,356
16 years$8,241$6,975$5,878$4,933$4,126$2,888
17 years$7,675$6,424$5,348$4,432$3,658$2,492
18 years$7,173$5,936$4,882$3,994$3,253$2,156
19 years$6,725$5,501$4,470$3,609$2,899$1,868
20 years$6,322$5,112$4,102$3,269$2,590$1,622
21 years$5,957$4,762$3,773$2,967$2,317$1,410
22 years$5,626$4,445$3,477$2,697$2,077$1,228
23 years$5,325$4,157$3,211$2,457$1,865$1,070
24 years$5,049$3,895$2,969$2,241$1,676$933
25 years$4,795$3,655$2,750$2,046$1,508$815
26 years$4,562$3,435$2,551$1,871$1,358$712
27 years$4,346$3,233$2,369$1,713$1,225$622
28 years$4,146$3,047$2,202$1,569$1,105$544
29 years$3,959$2,874$2,049$1,439$998$476
30 years$3,786$2,714$1,909$1,321$902$417
31 years$3,624$2,566$1,779$1,213$815$365
32 years$3,473$2,428$1,660$1,115$737$320
33 years$3,331$2,299$1,550$1,025$667$280
34 years$3,198$2,179$1,448$943$604$246
35 years$3,072$2,067$1,354$868$547$215
36 years$2,954$1,962$1,267$800$496$189
37 years$2,843$1,863$1,186$737$449$166
38 years$2,737$1,771$1,110$679$407$145
39 years$2,637$1,684$1,040$626$369$127
40 years$2,543$1,602$975$577$335$112
41 years$2,453$1,525$914$533$304$98
42 years$2,368$1,452$858$492$276$86
43 years$2,287$1,384$805$454$250$76
44 years$2,210$1,319$755$419$227$66
45 years$2,136$1,258$709$387$206$58
46 years$2,066$1,200$666$358$187$51
47 years$2,000$1,145$626$330$170$45
48 years$1,936$1,093$588$305$154$39
49 years$1,874$1,044$553$282$140$35
50 years$1,816$997$520$261$127$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,860,000, adding $6,128 every year, while hoping to spend $20,913 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: 35/46/19 Blend
52$1,860,000$1,860,000$1,860,000$1,860,000
53$2,056,041$1,957,461$1,928,631$2,115,876
54$2,243,506$2,031,125$1,970,989$2,233,890
55$2,449,391$2,107,698$2,014,065$2,358,754
56$2,675,554$2,187,300$2,057,861$2,493,043
57$2,924,040$2,270,057$2,102,378$2,637,607
58$3,197,102$2,356,100$2,147,618$2,793,379
59$3,497,222$2,445,565$2,193,579$2,961,382
60$3,827,137$2,538,595$2,240,262$3,142,741
61$4,189,858$2,635,340$2,287,664$3,338,689
62$4,588,706$2,735,954$2,335,784$3,550,580
63$5,027,339$2,840,601$2,384,617$3,779,904
64$5,509,785$2,949,448$2,434,159$4,028,295
65$6,040,485$3,062,673$2,484,406$4,297,550
66$6,624,331$3,180,460$2,535,349$4,589,643
67$7,266,712$3,303,002$2,586,983$4,906,745
68$7,973,567$3,430,499$2,639,297$5,251,242
69$8,751,439$3,563,162$2,692,281$5,625,757
70$9,607,537$3,701,209$2,745,925$6,033,173
71$10,549,807$3,844,869$2,800,214$6,476,663
72$11,587,001$3,994,380$2,855,135$6,959,715
73$12,728,763$4,149,994$2,910,670$7,486,167
74$13,985,722$4,311,968$2,966,803$8,060,239
75$15,369,587$4,480,576$3,023,512$8,686,576
76$16,893,262$4,656,101$3,080,777$9,370,287
77$18,570,965$4,838,841$3,138,573$10,116,995
78$20,418,364$5,029,104$3,196,876$10,932,887
79$22,452,722$5,227,215$3,255,655$11,824,773
80$24,693,062$5,433,511$3,314,883$12,800,147
81$27,160,347$5,648,346$3,374,524$13,867,258
82$29,877,676$5,872,088$3,434,544$15,035,187
83$32,870,502$6,105,124$3,494,904$16,313,929
84$36,166,873$6,347,855$3,555,564$17,714,490
85$39,797,697$6,600,703$3,616,478$19,248,984
86$43,797,032$6,864,107$3,677,600$20,930,752
87$48,202,408$7,138,527$3,738,878$22,774,479
88$53,055,182$7,424,443$3,800,259$24,796,339
89$58,400,927$7,722,357$3,861,684$27,014,140
90$64,289,862$8,032,794$3,923,091$29,447,492
91$70,777,329$8,356,301$3,984,415$32,117,993
92$77,924,308$8,693,452$4,045,585$35,049,427
93$85,798,002$9,044,845$4,106,527$38,267,986
94$94,472,463$9,411,107$4,167,160$41,802,520
95$104,029,296$9,792,893$4,227,402$45,684,803
96$114,558,426$10,190,887$4,287,161$49,949,832
97$126,158,949$10,605,803$4,346,344$54,636,156
98$138,940,065$11,038,391$4,404,850$59,786,234
99$153,022,111$11,489,432$4,462,573$65,446,836
100$168,537,696$11,959,744$4,519,399$71,669,483