Can I retire at age 53 with 1,920,000?

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 $1,920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$158,552$157,140$155,762$154,417$153,103$152,330
2 years$78,491$77,029$75,612$74,239$72,906$72,126
3 years$51,808$50,339$48,926$47,566$46,255$45,491
4 years$38,468$37,005$35,606$34,268$32,989$32,249
5 years$30,467$29,012$27,632$26,321$25,078$24,363
6 years$25,135$23,691$22,330$21,049$19,843$19,154
7 years$21,327$19,895$18,557$17,306$16,138$15,475
8 years$18,473$17,054$15,738$14,517$13,388$12,751
9 years$16,254$14,849$13,555$12,366$11,275$10,664
10 years$14,480$13,088$11,817$10,659$9,607$9,022
11 years$13,029$11,652$10,404$9,277$8,262$7,703
12 years$11,822$10,458$9,233$8,137$7,160$6,626
13 years$10,800$9,451$8,249$7,184$6,243$5,734
14 years$9,926$8,591$7,412$6,377$5,473$4,988
15 years$9,168$7,848$6,692$5,687$4,819$4,357
16 years$8,506$7,200$6,067$5,092$4,259$3,820
17 years$7,923$6,631$5,521$4,575$3,776$3,360
18 years$7,405$6,127$5,040$4,123$3,358$2,962
19 years$6,942$5,679$4,614$3,726$2,993$2,618
20 years$6,525$5,277$4,234$3,374$2,673$2,319
21 years$6,149$4,915$3,895$3,062$2,392$2,057
22 years$5,808$4,588$3,590$2,784$2,144$1,828
23 years$5,497$4,291$3,314$2,536$1,925$1,626
24 years$5,212$4,021$3,065$2,313$1,730$1,448
25 years$4,950$3,773$2,839$2,112$1,557$1,291
26 years$4,709$3,546$2,633$1,931$1,402$1,153
27 years$4,486$3,337$2,445$1,768$1,264$1,029
28 years$4,279$3,145$2,273$1,620$1,141$920
29 years$4,087$2,967$2,115$1,485$1,030$823
30 years$3,908$2,802$1,970$1,363$931$737
31 years$3,741$2,649$1,837$1,252$841$660
32 years$3,585$2,506$1,714$1,151$761$591
33 years$3,438$2,373$1,600$1,058$689$529
34 years$3,301$2,249$1,495$973$624$475
35 years$3,171$2,134$1,398$896$565$426
36 years$3,049$2,025$1,308$825$512$382
37 years$2,934$1,923$1,224$760$464$343
38 years$2,825$1,828$1,146$701$421$307
39 years$2,723$1,738$1,074$646$381$276
40 years$2,625$1,654$1,006$596$346$248
41 years$2,532$1,574$944$550$314$223
42 years$2,444$1,499$885$508$285$200
43 years$2,361$1,428$831$469$258$179
44 years$2,281$1,362$780$433$235$161
45 years$2,205$1,298$732$400$213$145
46 years$2,133$1,239$688$369$193$130
47 years$2,064$1,182$646$341$176$117
48 years$1,998$1,128$607$315$159$105
49 years$1,935$1,078$571$291$145$94
50 years$1,875$1,029$536$269$132$85

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,920,000, adding $3,606 every year, while hoping to spend $51,794 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: 60/11/29 Blend
52$1,920,000$1,920,000$1,920,000$1,920,000
53$2,119,560$2,017,800$1,988,040$2,229,848
54$2,280,646$2,061,563$1,999,531$2,349,341
55$2,456,428$2,105,736$2,009,670$2,473,837
56$2,648,349$2,150,282$2,018,359$2,608,616
57$2,857,998$2,195,164$2,025,493$2,754,694
58$3,087,127$2,240,340$2,030,959$2,913,191
59$3,337,662$2,285,764$2,034,644$3,085,340
60$3,611,724$2,331,387$2,036,426$3,272,503
61$3,911,649$2,377,155$2,036,175$3,476,179
62$4,240,010$2,423,008$2,033,760$3,698,023
63$4,599,639$2,468,883$2,029,039$3,939,858
64$4,993,656$2,514,712$2,021,865$4,203,695
65$5,425,495$2,560,419$2,012,084$4,491,750
66$5,898,940$2,605,924$1,999,533$4,806,467
67$6,418,157$2,651,140$1,984,043$5,150,541
68$6,987,737$2,695,974$1,965,437$5,526,942
69$7,612,734$2,740,325$1,943,527$5,938,946
70$8,298,717$2,784,084$1,918,119$6,390,163
71$9,051,819$2,827,137$1,889,009$6,884,575
72$9,878,796$2,869,359$1,855,982$7,426,570
73$10,787,091$2,910,615$1,818,815$8,020,987
74$11,784,903$2,950,764$1,777,274$8,673,162
75$12,881,264$2,989,652$1,731,114$9,388,974
76$14,086,125$3,027,116$1,680,077$10,174,908
77$15,410,446$3,062,982$1,623,897$11,038,112
78$16,866,306$3,097,062$1,562,292$11,986,465
79$18,467,009$3,129,158$1,494,968$13,028,655
80$20,227,215$3,159,058$1,421,621$14,174,257
81$22,163,074$3,186,534$1,341,928$15,433,829
82$24,292,379$3,211,347$1,255,555$16,819,008
83$26,634,737$3,233,238$1,162,151$18,342,623
84$29,211,749$3,251,935$1,061,351$20,018,814
85$32,047,214$3,267,147$952,773$21,863,173
86$35,167,357$3,278,564$836,018$23,892,881
87$38,601,070$3,285,857$710,668$26,126,882
88$42,380,192$3,288,676$576,288$28,586,056
89$46,539,801$3,286,651$432,423$31,293,418
90$51,118,551$3,279,387$278,599$34,274,338
91$56,159,031$3,266,465$114,320$37,556,780
92$61,708,172$3,247,441$0$41,171,568
93$67,817,684$3,221,844$0$45,171,552
94$74,544,547$3,189,174$0$49,614,285
95$81,951,548$3,148,901$0$54,505,806
96$90,107,873$3,100,463$0$59,891,795
97$99,089,756$3,043,266$0$65,822,590
98$108,981,204$2,976,680$0$72,353,660
99$119,874,785$2,900,035$0$79,546,134
100$131,872,503$2,812,626$0$87,467,373