Can I retire at age 53 with 1,230,000?

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 $1,230,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$101,572$100,667$99,785$98,923$98,082$94,414
2 years$50,283$49,347$48,439$47,559$46,706$43,053
3 years$33,189$32,249$31,343$30,472$29,632$26,108
4 years$24,644$23,706$22,810$21,953$21,134$17,766
5 years$19,518$18,586$17,701$16,862$16,066$12,863
6 years$16,102$15,177$14,305$13,485$12,712$9,677
7 years$13,663$12,745$11,888$11,087$10,338$7,470
8 years$11,834$10,925$10,082$9,300$8,577$5,872
9 years$10,413$9,512$8,683$7,922$7,223$4,678
10 years$9,276$8,385$7,570$6,829$6,154$3,765
11 years$8,347$7,464$6,665$5,943$5,293$3,054
12 years$7,573$6,700$5,915$5,213$4,587$2,492
13 years$6,919$6,055$5,285$4,602$4,000$2,044
14 years$6,359$5,503$4,748$4,085$3,506$1,683
15 years$5,873$5,027$4,287$3,643$3,087$1,390
16 years$5,449$4,613$3,887$3,262$2,728$1,151
17 years$5,076$4,248$3,537$2,931$2,419$955
18 years$4,744$3,925$3,229$2,641$2,151$794
19 years$4,447$3,638$2,956$2,387$1,917$661
20 years$4,180$3,381$2,713$2,162$1,712$550
21 years$3,939$3,149$2,495$1,962$1,532$459
22 years$3,721$2,939$2,300$1,784$1,374$383
23 years$3,521$2,749$2,123$1,625$1,233$320
24 years$3,339$2,576$1,964$1,482$1,108$268
25 years$3,171$2,417$1,819$1,353$997$224
26 years$3,017$2,272$1,687$1,237$898$187
27 years$2,874$2,138$1,566$1,132$810$157
28 years$2,741$2,015$1,456$1,038$731$131
29 years$2,618$1,901$1,355$951$660$110
30 years$2,504$1,795$1,262$873$596$92
31 years$2,397$1,697$1,177$802$539$77
32 years$2,297$1,606$1,098$737$488$65
33 years$2,203$1,520$1,025$678$441$54
34 years$2,115$1,441$958$624$400$45
35 years$2,032$1,367$895$574$362$38
36 years$1,954$1,297$838$529$328$32
37 years$1,880$1,232$784$487$297$27
38 years$1,810$1,171$734$449$269$22
39 years$1,744$1,113$688$414$244$19
40 years$1,682$1,059$645$382$222$16
41 years$1,622$1,008$605$352$201$13
42 years$1,566$960$567$325$182$11
43 years$1,512$915$532$300$166$9
44 years$1,461$872$500$277$150$8
45 years$1,413$832$469$256$136$6
46 years$1,366$793$441$236$124$5
47 years$1,322$757$414$218$112$5
48 years$1,280$723$389$202$102$4
49 years$1,240$690$366$187$93$3
50 years$1,201$659$344$172$84$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,230,000, adding $5,913 every year, while hoping to spend $35,422 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: 55/19/26 Blend
52$1,230,000$1,230,000$1,230,000$1,230,000
53$1,361,559$1,296,369$1,277,304$1,426,393
54$1,462,750$1,322,203$1,282,405$1,497,489
55$1,573,074$1,348,115$1,286,490$1,570,707
56$1,693,427$1,374,072$1,289,487$1,649,723
57$1,824,793$1,400,038$1,291,321$1,735,105
58$1,968,255$1,425,973$1,291,913$1,827,483
59$2,125,007$1,451,835$1,291,182$1,927,547
60$2,296,360$1,477,578$1,289,040$2,036,063
61$2,483,762$1,503,152$1,285,395$2,153,871
62$2,688,804$1,528,504$1,280,154$2,281,901
63$2,913,238$1,553,578$1,273,216$2,421,176
64$3,158,996$1,578,310$1,264,475$2,572,827
65$3,428,201$1,602,635$1,253,824$2,738,098
66$3,723,196$1,626,483$1,241,145$2,918,364
67$4,046,558$1,649,776$1,226,319$3,115,140
68$4,401,126$1,672,434$1,209,220$3,330,097
69$4,790,027$1,694,370$1,189,715$3,565,077
70$5,216,706$1,715,490$1,167,666$3,822,112
71$5,684,956$1,735,695$1,142,929$4,103,442
72$6,198,956$1,754,878$1,115,352$4,411,540
73$6,763,309$1,772,927$1,084,776$4,749,129
74$7,383,086$1,789,720$1,051,035$5,119,216
75$8,063,873$1,805,129$1,013,957$5,525,112
76$8,811,823$1,819,015$973,360$5,970,472
77$9,633,715$1,831,233$929,054$6,459,325
78$10,537,018$1,841,627$880,841$6,996,112
79$11,529,958$1,850,031$828,513$7,585,733
80$12,621,600$1,856,269$771,855$8,233,587
81$13,821,931$1,860,154$710,640$8,945,629
82$15,141,953$1,861,486$644,631$9,728,426
83$16,593,787$1,860,055$573,581$10,589,216
84$18,190,791$1,855,634$497,234$11,535,980
85$19,947,679$1,847,988$415,318$12,577,517
86$21,880,664$1,836,861$327,553$13,723,528
87$24,007,611$1,821,986$233,645$14,984,710
88$26,348,202$1,803,079$133,288$16,372,852
89$28,924,127$1,779,838$26,161$17,900,953
90$31,759,280$1,751,942$0$19,583,346
91$34,879,993$1,719,054$0$21,460,284
92$38,315,279$1,680,814$0$23,534,061
93$42,097,106$1,636,842$0$25,816,712
94$46,260,700$1,586,737$0$28,329,505
95$50,844,875$1,530,071$0$31,095,881
96$55,892,403$1,466,395$0$34,141,673
97$61,450,411$1,395,231$0$37,495,348
98$67,570,830$1,316,075$0$41,188,281
99$74,310,886$1,228,393$0$45,255,048
100$81,733,633$1,131,622$0$49,733,755