Can I retire at age 53 with 1,870,000?

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 $1,870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$154,423$153,047$151,705$150,395$149,116$144,517
2 years$76,447$75,023$73,643$72,306$71,008$66,414
3 years$50,458$49,028$47,652$46,327$45,050$40,606
4 years$37,467$36,041$34,679$33,376$32,130$27,870
5 years$29,674$28,257$26,912$25,636$24,425$20,360
6 years$24,480$23,074$21,749$20,501$19,327$15,461
7 years$20,772$19,377$18,073$16,855$15,718$12,051
8 years$17,992$16,610$15,328$14,139$13,039$9,569
9 years$15,831$14,462$13,202$12,044$10,981$7,703
10 years$14,103$12,747$11,510$10,382$9,356$6,266
11 years$12,690$11,348$10,133$9,035$8,047$5,139
12 years$11,514$10,186$8,993$7,925$6,973$4,242
13 years$10,519$9,205$8,034$6,997$6,081$3,519
14 years$9,667$8,367$7,219$6,211$5,330$2,932
15 years$8,930$7,643$6,518$5,539$4,693$2,451
16 years$8,285$7,013$5,909$4,960$4,148$2,054
17 years$7,716$6,458$5,377$4,456$3,678$1,726
18 years$7,212$5,968$4,909$4,016$3,270$1,453
19 years$6,761$5,531$4,494$3,629$2,915$1,225
20 years$6,356$5,140$4,124$3,286$2,604$1,034
21 years$5,989$4,787$3,793$2,983$2,330$874
22 years$5,657$4,469$3,496$2,712$2,088$739
23 years$5,354$4,180$3,228$2,470$1,875$626
24 years$5,076$3,916$2,985$2,253$1,685$530
25 years$4,821$3,675$2,765$2,057$1,516$450
26 years$4,586$3,454$2,564$1,881$1,366$381
27 years$4,369$3,251$2,381$1,722$1,231$324
28 years$4,168$3,063$2,214$1,577$1,111$275
29 years$3,981$2,890$2,060$1,447$1,003$233
30 years$3,807$2,729$1,919$1,328$907$198
31 years$3,644$2,580$1,789$1,219$820$168
32 years$3,492$2,441$1,669$1,121$741$143
33 years$3,349$2,312$1,558$1,030$671$121
34 years$3,215$2,191$1,456$948$607$103
35 years$3,089$2,078$1,361$873$550$88
36 years$2,970$1,972$1,274$804$499$74
37 years$2,858$1,873$1,192$741$452$63
38 years$2,752$1,780$1,116$683$410$54
39 years$2,652$1,693$1,046$629$371$46
40 years$2,557$1,611$980$581$337$39
41 years$2,466$1,533$919$536$306$33
42 years$2,381$1,460$862$494$277$28
43 years$2,299$1,391$809$456$252$24
44 years$2,222$1,326$759$421$228$20
45 years$2,148$1,265$713$389$207$17
46 years$2,078$1,206$670$359$188$15
47 years$2,010$1,151$629$332$171$12
48 years$1,946$1,099$591$307$155$11
49 years$1,885$1,049$556$284$141$9
50 years$1,826$1,002$523$262$128$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,870,000, adding $4,554 every year, while hoping to spend $48,094 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: 35/37/28 Blend
52$1,870,000$1,870,000$1,870,000$1,870,000
53$2,065,437$1,966,327$1,937,342$2,120,161
54$2,224,940$2,011,506$1,951,072$2,206,721
55$2,399,101$2,057,286$1,963,649$2,295,405
56$2,589,363$2,103,647$1,974,985$2,390,168
57$2,797,317$2,150,564$1,984,986$2,491,589
58$3,024,712$2,198,012$1,993,553$2,600,302
59$3,273,478$2,245,959$2,000,581$2,717,010
60$3,545,735$2,294,373$2,005,963$2,842,487
61$3,843,821$2,343,219$2,009,584$2,977,588
62$4,170,309$2,392,455$2,011,323$3,123,254
63$4,528,033$2,442,037$2,011,055$3,280,525
64$4,920,114$2,491,919$2,008,647$3,450,549
65$5,349,989$2,542,046$2,003,960$3,634,591
66$5,821,444$2,592,363$1,996,849$3,834,046
67$6,338,649$2,642,806$1,987,161$4,050,455
68$6,906,196$2,693,309$1,974,736$4,285,516
69$7,529,145$2,743,798$1,959,406$4,541,105
70$8,213,068$2,794,194$1,940,997$4,819,289
71$8,964,104$2,844,412$1,919,323$5,122,350
72$9,789,014$2,894,360$1,894,192$5,452,804
73$10,695,248$2,943,938$1,865,402$5,813,428
74$11,691,012$2,993,040$1,832,741$6,207,285
75$12,785,347$3,041,550$1,795,990$6,637,753
76$13,988,212$3,089,346$1,754,915$7,108,558
77$15,310,581$3,136,295$1,709,276$7,623,812
78$16,764,541$3,182,255$1,658,818$8,188,050
79$18,363,413$3,227,073$1,603,277$8,806,272
80$20,121,869$3,270,588$1,542,375$9,483,995
81$22,056,078$3,312,625$1,475,822$10,227,304
82$24,183,851$3,352,997$1,403,316$11,042,910
83$26,524,817$3,391,507$1,324,540$11,938,214
84$29,100,599$3,427,941$1,239,162$12,921,378
85$31,935,023$3,462,073$1,146,837$14,001,404
86$35,054,342$3,493,662$1,047,204$15,188,221
87$38,487,484$3,522,450$939,884$16,492,776
88$42,266,320$3,548,163$824,483$17,927,142
89$46,425,971$3,570,509$700,589$19,504,633
90$51,005,134$3,589,178$567,772$21,239,928
91$56,046,448$3,603,838$425,583$23,149,218
92$61,596,898$3,614,138$273,552$25,250,350
93$67,708,255$3,619,705$111,190$27,563,009
94$74,437,569$3,620,142$0$30,108,894
95$81,847,699$3,615,027$0$32,930,481
96$90,007,913$3,603,912$0$36,072,262
97$98,994,539$3,586,323$0$39,530,235
98$108,891,685$3,561,755$0$43,336,646
99$119,792,030$3,529,674$0$47,527,030
100$131,797,702$3,489,513$0$52,140,558