Can I retire at age 53 with 1,210,000?

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 $1,210,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$99,921$99,031$98,162$97,315$96,487$95,639
2 years$49,466$48,544$47,652$46,786$45,946$45,091
3 years$32,650$31,724$30,834$29,976$29,150$28,315
4 years$24,243$23,321$22,439$21,596$20,790$19,982
5 years$19,201$18,284$17,414$16,588$15,804$15,025
6 years$15,840$14,930$14,073$13,265$12,505$11,755
7 years$13,441$12,538$11,695$10,906$10,170$9,450
8 years$11,642$10,748$9,918$9,149$8,437$7,747
9 years$10,243$9,358$8,542$7,793$7,105$6,445
10 years$9,125$8,248$7,447$6,718$6,054$5,424
11 years$8,211$7,343$6,557$5,846$5,207$4,605
12 years$7,450$6,591$5,819$5,128$4,512$3,939
13 years$6,806$5,956$5,199$4,527$3,935$3,389
14 years$6,255$5,414$4,671$4,019$3,449$2,931
15 years$5,778$4,946$4,217$3,584$3,037$2,545
16 years$5,361$4,538$3,824$3,209$2,684$2,218
17 years$4,993$4,179$3,479$2,883$2,380$1,938
18 years$4,667$3,862$3,176$2,599$2,116$1,698
19 years$4,375$3,579$2,908$2,348$1,886$1,491
20 years$4,112$3,326$2,668$2,127$1,685$1,312
21 years$3,875$3,098$2,455$1,930$1,508$1,156
22 years$3,660$2,892$2,262$1,755$1,351$1,020
23 years$3,464$2,704$2,089$1,598$1,213$902
24 years$3,285$2,534$1,932$1,458$1,090$798
25 years$3,120$2,378$1,789$1,331$981$706
26 years$2,968$2,235$1,659$1,217$884$626
27 years$2,827$2,103$1,541$1,114$797$555
28 years$2,697$1,982$1,432$1,021$719$493
29 years$2,576$1,870$1,333$936$649$437
30 years$2,463$1,766$1,242$859$587$389
31 years$2,358$1,669$1,158$789$530$345
32 years$2,259$1,579$1,080$725$480$307
33 years$2,167$1,496$1,008$667$434$273
34 years$2,080$1,418$942$613$393$243
35 years$1,999$1,345$881$565$356$216
36 years$1,922$1,276$824$520$323$193
37 years$1,849$1,212$771$479$292$172
38 years$1,781$1,152$722$442$265$153
39 years$1,716$1,095$677$407$240$136
40 years$1,654$1,042$634$376$218$121
41 years$1,596$992$595$347$198$108
42 years$1,541$945$558$320$179$96
43 years$1,488$900$524$295$163$86
44 years$1,438$858$491$273$148$76
45 years$1,390$818$461$252$134$68
46 years$1,344$781$433$233$122$61
47 years$1,301$745$407$215$111$54
48 years$1,259$711$383$199$100$48
49 years$1,219$679$360$183$91$43
50 years$1,181$649$338$170$83$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,210,000, adding $4,609 every year, while hoping to spend $23,375 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: 65/28/7 Blend
52$1,210,000$1,210,000$1,210,000$1,210,000
53$1,338,174$1,274,044$1,255,289$1,423,169
54$1,449,797$1,311,602$1,272,471$1,517,839
55$1,572,022$1,350,216$1,289,444$1,618,023
56$1,705,906$1,389,914$1,306,178$1,726,861
57$1,852,613$1,430,724$1,322,639$1,845,193
58$2,013,423$1,472,674$1,338,792$1,973,943
59$2,189,750$1,515,792$1,354,599$2,114,127
60$2,383,147$1,560,108$1,370,020$2,266,865
61$2,595,327$1,605,652$1,385,015$2,433,389
62$2,828,175$1,652,455$1,399,538$2,615,056
63$3,083,771$1,700,546$1,413,544$2,813,360
64$3,364,401$1,749,959$1,426,984$3,029,947
65$3,672,587$1,800,724$1,439,805$3,266,627
66$4,011,107$1,852,875$1,451,954$3,525,396
67$4,383,019$1,906,445$1,463,373$3,808,451
68$4,791,693$1,961,467$1,474,003$4,118,211
69$5,240,842$2,017,976$1,483,779$4,457,341
70$5,734,558$2,076,006$1,492,635$4,828,778
71$6,277,345$2,135,593$1,500,501$5,235,753
72$6,874,170$2,196,773$1,507,303$5,681,830
73$7,530,502$2,259,581$1,512,964$6,170,930
74$8,252,367$2,324,054$1,517,402$6,707,377
75$9,046,405$2,390,230$1,520,532$7,295,930
76$9,919,933$2,458,146$1,522,264$7,941,836
77$10,881,011$2,527,840$1,522,505$8,650,871
78$11,938,520$2,599,350$1,521,154$9,429,403
79$13,102,245$2,672,714$1,518,110$10,284,444
80$14,382,970$2,747,973$1,513,262$11,223,721
81$15,792,574$2,825,164$1,506,497$12,255,748
82$17,344,147$2,904,328$1,497,696$13,389,904
83$19,052,114$2,985,504$1,486,732$14,636,525
84$20,932,368$3,068,732$1,473,476$16,006,996
85$23,002,421$3,154,052$1,457,789$17,513,864
86$25,281,571$3,241,503$1,439,528$19,170,952
87$27,791,080$3,331,126$1,418,541$20,993,494
88$30,554,379$3,422,960$1,394,671$22,998,271
89$33,597,286$3,517,045$1,367,752$25,203,777
90$36,948,249$3,613,420$1,337,612$27,630,391
91$40,638,618$3,712,126$1,304,070$30,300,564
92$44,702,937$3,813,199$1,266,936$33,239,040
93$49,179,270$3,916,680$1,226,012$36,473,081
94$54,109,564$4,022,605$1,181,091$40,032,729
95$59,540,038$4,131,012$1,131,957$43,951,087
96$65,521,627$4,241,936$1,078,382$48,264,634
97$72,110,456$4,355,414$1,020,131$53,013,566
98$79,368,372$4,471,479$956,955$58,242,177
99$87,363,529$4,590,165$888,597$63,999,276
100$96,171,030$4,711,503$814,785$70,338,648