Can I retire at age 53 with 1,910,000?

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 $1,910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$157,726$156,321$154,950$153,612$152,306$146,263
2 years$78,082$76,628$75,219$73,852$72,527$66,513
3 years$51,538$50,077$48,671$47,318$46,014$40,220
4 years$38,268$36,812$35,420$34,090$32,818$27,286
5 years$30,308$28,861$27,488$26,184$24,947$19,693
6 years$25,004$23,567$22,214$20,940$19,740$14,767
7 years$21,216$19,792$18,460$17,216$16,054$11,359
8 years$18,377$16,965$15,656$14,442$13,318$8,898
9 years$16,169$14,771$13,484$12,301$11,216$7,063
10 years$14,405$13,020$11,756$10,604$9,557$5,662
11 years$12,962$11,591$10,350$9,228$8,219$4,575
12 years$11,760$10,404$9,185$8,095$7,122$3,719
13 years$10,744$9,402$8,206$7,146$6,211$3,037
14 years$9,874$8,546$7,373$6,344$5,444$2,490
15 years$9,121$7,807$6,657$5,657$4,794$2,048
16 years$8,462$7,163$6,036$5,066$4,237$1,688
17 years$7,882$6,597$5,492$4,551$3,756$1,394
18 years$7,366$6,095$5,014$4,102$3,340$1,154
19 years$6,906$5,649$4,590$3,706$2,977$956
20 years$6,491$5,250$4,212$3,357$2,659$793
21 years$6,117$4,890$3,874$3,046$2,380$658
22 years$5,778$4,564$3,571$2,770$2,133$547
23 years$5,468$4,269$3,297$2,523$1,915$455
24 years$5,185$4,000$3,049$2,301$1,721$378
25 years$4,924$3,754$2,824$2,101$1,549$315
26 years$4,684$3,528$2,619$1,921$1,395$262
27 years$4,463$3,320$2,432$1,759$1,258$218
28 years$4,257$3,128$2,261$1,611$1,135$182
29 years$4,066$2,951$2,104$1,478$1,025$152
30 years$3,888$2,787$1,960$1,356$926$126
31 years$3,722$2,635$1,827$1,245$837$105
32 years$3,566$2,493$1,705$1,145$757$88
33 years$3,421$2,361$1,592$1,052$685$73
34 years$3,284$2,238$1,487$968$620$61
35 years$3,155$2,122$1,391$891$562$51
36 years$3,034$2,014$1,301$821$509$42
37 years$2,919$1,913$1,218$756$461$35
38 years$2,811$1,818$1,140$697$418$29
39 years$2,708$1,729$1,068$643$379$25
40 years$2,611$1,645$1,001$593$344$20
41 years$2,519$1,566$939$547$312$17
42 years$2,432$1,491$881$505$283$14
43 years$2,349$1,421$826$466$257$12
44 years$2,269$1,354$776$430$233$10
45 years$2,194$1,292$728$397$212$8
46 years$2,122$1,232$684$367$192$7
47 years$2,053$1,176$643$339$175$6
48 years$1,988$1,122$604$313$159$5
49 years$1,925$1,072$568$290$144$4
50 years$1,865$1,024$534$268$131$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,910,000, adding $2,824 every year, while hoping to spend $26,926 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: 51/38/11 Blend
52$1,910,000$1,910,000$1,910,000$1,910,000
53$2,107,733$2,006,503$1,976,898$2,208,947
54$2,294,073$2,076,173$2,014,475$2,348,064
55$2,498,517$2,148,353$2,052,408$2,496,117
56$2,722,883$2,223,140$2,090,682$2,656,448
57$2,969,174$2,300,632$2,129,277$2,830,217
58$3,239,597$2,380,930$2,168,175$3,018,704
59$3,536,581$2,464,141$2,207,354$3,223,315
60$3,862,804$2,550,375$2,246,792$3,445,595
61$4,221,215$2,639,748$2,286,464$3,687,246
62$4,615,062$2,732,379$2,326,344$3,950,137
63$5,047,925$2,828,392$2,366,403$4,236,328
64$5,523,747$2,927,917$2,406,611$4,548,082
65$6,046,872$3,031,088$2,446,936$4,887,890
66$6,622,087$3,138,045$2,487,342$5,258,496
67$7,254,664$3,248,934$2,527,792$5,662,915
68$7,950,414$3,363,905$2,568,247$6,104,470
69$8,715,737$3,483,117$2,608,664$6,586,815
70$9,557,685$3,606,734$2,648,998$7,113,975
71$10,484,031$3,734,925$2,689,200$7,690,380
72$11,503,334$3,867,869$2,729,221$8,320,907
73$12,625,030$4,005,750$2,769,005$9,010,924
74$13,859,511$4,148,760$2,808,496$9,766,344
75$15,218,232$4,297,099$2,847,631$10,593,677
76$16,713,811$4,450,977$2,886,346$11,500,091
77$18,360,154$4,610,609$2,924,572$12,493,480
78$20,172,582$4,776,221$2,962,238$13,582,536
79$22,167,978$4,948,049$2,999,266$14,776,833
80$24,364,945$5,126,336$3,035,574$16,086,915
81$26,783,981$5,311,339$3,071,078$17,524,394
82$29,447,675$5,503,321$3,105,686$19,102,060
83$32,380,914$5,702,560$3,139,303$20,834,002
84$35,611,125$5,909,344$3,171,828$22,735,736
85$39,168,530$6,123,972$3,203,154$24,824,354
86$43,086,429$6,346,756$3,233,169$27,118,686
87$47,401,520$6,578,022$3,261,755$29,639,472
88$52,154,239$6,818,109$3,288,788$32,409,558
89$57,389,144$7,067,369$3,314,135$35,454,114
90$63,155,338$7,326,171$3,337,660$38,800,867
91$69,506,927$7,594,898$3,359,216$42,480,362
92$76,503,536$7,873,950$3,378,652$46,526,253
93$84,210,866$8,163,743$3,395,806$50,975,612
94$92,701,318$8,464,711$3,410,510$55,869,284
95$102,054,677$8,777,306$3,422,586$61,252,270
96$112,358,859$9,101,999$3,431,848$67,174,148
97$123,710,748$9,439,283$3,438,100$73,689,542
98$136,217,106$9,789,668$3,441,138$80,858,636
99$149,995,579$10,153,691$3,440,744$88,747,738
100$165,175,813$10,531,907$3,436,694$97,429,908