Can I retire at age 53 with 1,250,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,250,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$103,224$102,304$101,407$100,532$99,677$97,905
2 years$51,101$50,149$49,227$48,333$47,465$45,686
3 years$33,729$32,773$31,853$30,967$30,114$28,383
4 years$25,045$24,092$23,181$22,310$21,477$19,808
5 years$19,835$18,888$17,989$17,136$16,327$14,724
6 years$16,364$15,424$14,538$13,704$12,919$11,384
7 years$13,885$12,953$12,081$11,267$10,506$9,040
8 years$12,027$11,103$10,246$9,451$8,716$7,318
9 years$10,582$9,667$8,825$8,051$7,340$6,009
10 years$9,427$8,521$7,694$6,940$6,254$4,990
11 years$8,483$7,586$6,773$6,040$5,379$4,179
12 years$7,696$6,809$6,011$5,298$4,661$3,525
13 years$7,031$6,153$5,371$4,677$4,065$2,989
14 years$6,462$5,593$4,825$4,152$3,563$2,547
15 years$5,969$5,109$4,357$3,703$3,137$2,179
16 years$5,538$4,688$3,950$3,315$2,773$1,870
17 years$5,158$4,317$3,594$2,979$2,458$1,609
18 years$4,821$3,989$3,281$2,684$2,186$1,388
19 years$4,519$3,697$3,004$2,426$1,948$1,199
20 years$4,248$3,436$2,757$2,197$1,740$1,038
21 years$4,004$3,200$2,536$1,994$1,557$900
22 years$3,781$2,987$2,337$1,813$1,396$781
23 years$3,579$2,794$2,158$1,651$1,253$679
24 years$3,393$2,618$1,996$1,506$1,126$590
25 years$3,223$2,457$1,848$1,375$1,014$514
26 years$3,066$2,309$1,714$1,257$913$447
27 years$2,921$2,173$1,592$1,151$823$390
28 years$2,786$2,047$1,480$1,054$743$340
29 years$2,661$1,931$1,377$967$671$296
30 years$2,544$1,824$1,283$887$606$259
31 years$2,436$1,724$1,196$815$548$226
32 years$2,334$1,632$1,116$749$496$197
33 years$2,239$1,545$1,042$689$448$172
34 years$2,149$1,464$973$634$406$150
35 years$2,065$1,389$910$583$368$131
36 years$1,985$1,318$851$537$333$115
37 years$1,910$1,252$797$495$302$100
38 years$1,840$1,190$746$456$274$88
39 years$1,772$1,132$699$421$248$77
40 years$1,709$1,077$655$388$225$67
41 years$1,649$1,025$614$358$204$59
42 years$1,591$976$576$330$185$51
43 years$1,537$930$541$305$168$45
44 years$1,485$886$508$282$153$39
45 years$1,436$845$477$260$139$34
46 years$1,389$806$448$240$126$30
47 years$1,344$770$421$222$114$26
48 years$1,301$735$395$205$104$23
49 years$1,260$702$372$190$94$20
50 years$1,220$670$349$175$86$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,250,000, adding $2,753 every year, while hoping to spend $23,184 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: 61/9/30 Blend
52$1,250,000$1,250,000$1,250,000$1,250,000
53$1,380,340$1,314,090$1,294,715$1,453,164
54$1,496,467$1,353,813$1,313,420$1,542,886
55$1,623,662$1,394,705$1,331,975$1,638,062
56$1,763,029$1,436,799$1,350,350$1,741,480
57$1,915,785$1,480,129$1,368,514$1,853,952
58$2,083,270$1,524,730$1,386,433$1,976,370
59$2,266,958$1,570,636$1,404,074$2,109,720
60$2,468,475$1,617,885$1,421,397$2,255,085
61$2,689,611$1,666,513$1,438,366$2,413,661
62$2,932,337$1,716,558$1,454,937$2,586,763
63$3,198,825$1,768,059$1,471,067$2,775,842
64$3,491,468$1,821,057$1,486,711$2,982,495
65$3,812,901$1,875,592$1,501,819$3,208,483
66$4,166,027$1,931,706$1,516,340$3,455,745
67$4,554,045$1,989,443$1,530,220$3,726,419
68$4,980,478$2,048,846$1,543,403$4,022,860
69$5,449,207$2,109,960$1,555,827$4,347,664
70$5,964,510$2,172,831$1,567,431$4,703,688
71$6,531,097$2,237,507$1,578,147$5,094,086
72$7,154,159$2,304,035$1,587,905$5,522,328
73$7,839,416$2,372,465$1,596,633$5,992,242
74$8,593,168$2,442,848$1,604,252$6,508,044
75$9,422,358$2,515,234$1,610,681$7,074,380
76$10,334,635$2,589,677$1,615,835$7,696,372
77$11,338,427$2,666,231$1,619,625$8,379,661
78$12,443,020$2,744,950$1,621,956$9,130,467
79$13,658,646$2,825,890$1,622,730$9,955,642
80$14,996,579$2,909,109$1,621,842$10,862,738
81$16,469,240$2,994,666$1,619,184$11,860,077
82$18,090,318$3,082,620$1,614,642$12,956,831
83$19,874,894$3,173,032$1,608,096$14,163,107
84$21,839,586$3,265,964$1,599,420$15,490,043
85$24,002,707$3,361,479$1,588,484$16,949,914
86$26,384,434$3,459,642$1,575,149$18,556,247
87$29,007,001$3,560,519$1,559,271$20,323,951
88$31,894,908$3,664,177$1,540,699$22,269,453
89$35,075,150$3,770,684$1,519,274$24,410,859
90$38,577,477$3,880,108$1,494,831$26,768,122
91$42,434,667$3,992,522$1,467,196$29,363,229
92$46,682,843$4,107,995$1,436,187$32,220,413
93$51,361,808$4,226,602$1,401,614$35,366,379
94$56,515,423$4,348,416$1,363,279$38,830,556
95$62,192,020$4,473,512$1,320,972$42,645,377
96$68,444,858$4,601,966$1,274,477$46,846,585
97$75,332,628$4,733,857$1,223,566$51,473,567
98$82,920,001$4,869,261$1,168,001$56,569,733
99$91,278,245$5,008,259$1,107,533$62,182,919
100$100,485,893$5,150,930$1,041,902$68,365,846