Can I retire at age 53 with 1,880,000?

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 $1,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$155,249$153,866$152,517$151,200$149,914$146,171
2 years$76,856$75,424$74,037$72,692$71,388$67,640
3 years$50,728$49,291$47,907$46,575$45,291$41,657
4 years$37,667$36,234$34,864$33,554$32,302$28,809
5 years$29,832$28,408$27,056$25,773$24,556$21,213
6 years$24,611$23,197$21,865$20,611$19,430$16,241
7 years$20,883$19,481$18,170$16,945$15,802$12,767
8 years$18,088$16,699$15,410$14,215$13,109$10,227
9 years$15,915$14,539$13,272$12,108$11,040$8,308
10 years$14,178$12,816$11,571$10,437$9,406$6,822
11 years$12,758$11,409$10,187$9,084$8,090$5,649
12 years$11,575$10,240$9,041$7,967$7,010$4,709
13 years$10,575$9,254$8,077$7,034$6,113$3,946
14 years$9,719$8,412$7,257$6,244$5,359$3,322
15 years$8,977$7,684$6,553$5,569$4,718$2,806
16 years$8,329$7,050$5,941$4,986$4,170$2,378
17 years$7,758$6,493$5,406$4,480$3,697$2,020
18 years$7,250$6,000$4,935$4,037$3,288$1,719
19 years$6,797$5,560$4,518$3,648$2,930$1,466
20 years$6,390$5,167$4,146$3,304$2,617$1,252
21 years$6,021$4,813$3,814$2,999$2,342$1,070
22 years$5,687$4,493$3,515$2,726$2,100$916
23 years$5,382$4,202$3,245$2,483$1,885$785
24 years$5,103$3,937$3,001$2,265$1,694$673
25 years$4,847$3,695$2,780$2,068$1,524$577
26 years$4,611$3,472$2,578$1,891$1,373$496
27 years$4,392$3,268$2,394$1,731$1,238$426
28 years$4,190$3,079$2,226$1,586$1,117$366
29 years$4,002$2,905$2,071$1,454$1,009$314
30 years$3,827$2,743$1,929$1,335$911$270
31 years$3,663$2,593$1,799$1,226$824$232
32 years$3,510$2,454$1,678$1,127$745$200
33 years$3,367$2,324$1,567$1,036$675$172
34 years$3,232$2,203$1,464$953$611$148
35 years$3,105$2,089$1,369$877$553$127
36 years$2,986$1,983$1,280$808$501$110
37 years$2,873$1,883$1,198$745$454$94
38 years$2,767$1,790$1,122$686$412$81
39 years$2,666$1,702$1,051$633$373$70
40 years$2,570$1,619$985$584$339$60
41 years$2,480$1,541$924$538$307$52
42 years$2,394$1,468$867$497$279$45
43 years$2,312$1,399$813$459$253$38
44 years$2,234$1,333$764$424$230$33
45 years$2,159$1,271$717$391$209$28
46 years$2,089$1,213$673$361$189$25
47 years$2,021$1,157$633$334$172$21
48 years$1,956$1,105$594$308$156$18
49 years$1,895$1,055$559$285$142$16
50 years$1,836$1,008$525$264$129$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,880,000, adding $3,695 every year, while hoping to spend $36,277 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: 64/7/29 Blend
52$1,880,000$1,880,000$1,880,000$1,880,000
53$2,075,571$1,975,931$1,946,791$2,192,135
54$2,248,681$2,034,154$1,973,410$2,329,806
55$2,438,232$2,094,013$1,999,705$2,475,864
56$2,645,864$2,155,551$2,025,627$2,634,688
57$2,873,380$2,218,811$2,051,123$2,807,539
58$3,122,768$2,283,836$2,076,140$2,995,805
59$3,396,217$2,350,671$2,100,617$3,201,015
60$3,696,139$2,419,361$2,124,495$3,424,856
61$4,025,188$2,489,953$2,147,709$3,669,183
62$4,386,289$2,562,492$2,170,189$3,936,043
63$4,782,664$2,637,028$2,191,864$4,227,691
64$5,217,862$2,713,609$2,212,658$4,546,609
65$5,695,793$2,792,285$2,232,491$4,895,535
66$6,220,762$2,873,105$2,251,277$5,277,485
67$6,797,514$2,956,122$2,268,930$5,695,781
68$7,431,275$3,041,386$2,285,353$6,154,086
69$8,127,803$3,128,952$2,300,451$6,656,436
70$8,893,441$3,218,872$2,314,117$7,207,275
71$9,735,176$3,311,202$2,326,245$7,811,506
72$10,660,709$3,405,995$2,336,719$8,474,527
73$11,678,521$3,503,309$2,345,419$9,202,289
74$12,797,958$3,603,199$2,352,218$10,001,351
75$14,029,317$3,705,723$2,356,985$10,878,938
76$15,383,943$3,810,939$2,359,579$11,843,015
77$16,874,335$3,918,905$2,359,855$12,902,358
78$18,514,266$4,029,679$2,357,659$14,066,638
79$20,318,910$4,143,323$2,352,829$15,346,516
80$22,304,988$4,259,895$2,345,198$16,753,737
81$24,490,922$4,379,455$2,334,588$18,301,246
82$26,897,013$4,502,065$2,320,813$20,003,309
83$29,545,628$4,627,786$2,303,680$21,875,647
84$32,461,413$4,756,678$2,282,984$23,935,588
85$35,671,524$4,888,803$2,258,512$26,202,225
86$39,205,888$5,024,222$2,230,040$28,696,600
87$43,097,476$5,162,997$2,197,334$31,441,904
88$47,382,622$5,305,188$2,160,148$34,463,694
89$52,101,364$5,450,856$2,118,227$37,790,134
90$57,297,817$5,600,062$2,071,302$41,452,262
91$63,020,595$5,752,865$2,019,091$45,484,286
92$69,323,266$5,909,326$1,961,301$49,923,903
93$76,264,858$6,069,502$1,897,624$54,812,656
94$83,910,417$6,233,451$1,827,738$60,196,328
95$92,331,620$6,401,230$1,751,307$66,125,376
96$101,607,449$6,572,894$1,667,979$72,655,403
97$111,824,939$6,748,497$1,577,387$79,847,688
98$123,080,000$6,928,090$1,479,146$87,769,763
99$135,478,317$7,111,724$1,372,855$96,496,049
100$149,136,354$7,299,447$1,258,095$106,108,563