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

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 $1,250,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$103,224$102,304$101,407$100,532$99,677$97,267
2 years$51,101$50,149$49,227$48,333$47,465$45,052
3 years$33,729$32,773$31,853$30,967$30,114$27,773
4 years$25,045$24,092$23,181$22,310$21,477$19,226
5 years$19,835$18,888$17,989$17,136$16,327$14,172
6 years$16,364$15,424$14,538$13,704$12,919$10,862
7 years$13,885$12,953$12,081$11,267$10,506$8,548
8 years$12,027$11,103$10,246$9,451$8,716$6,856
9 years$10,582$9,667$8,825$8,051$7,340$5,576
10 years$9,427$8,521$7,694$6,940$6,254$4,584
11 years$8,483$7,586$6,773$6,040$5,379$3,801
12 years$7,696$6,809$6,011$5,298$4,661$3,172
13 years$7,031$6,153$5,371$4,677$4,065$2,662
14 years$6,462$5,593$4,825$4,152$3,563$2,244
15 years$5,969$5,109$4,357$3,703$3,137$1,898
16 years$5,538$4,688$3,950$3,315$2,773$1,611
17 years$5,158$4,317$3,594$2,979$2,458$1,370
18 years$4,821$3,989$3,281$2,684$2,186$1,168
19 years$4,519$3,697$3,004$2,426$1,948$998
20 years$4,248$3,436$2,757$2,197$1,740$853
21 years$4,004$3,200$2,536$1,994$1,557$731
22 years$3,781$2,987$2,337$1,813$1,396$626
23 years$3,579$2,794$2,158$1,651$1,253$537
24 years$3,393$2,618$1,996$1,506$1,126$461
25 years$3,223$2,457$1,848$1,375$1,014$397
26 years$3,066$2,309$1,714$1,257$913$341
27 years$2,921$2,173$1,592$1,151$823$293
28 years$2,786$2,047$1,480$1,054$743$252
29 years$2,661$1,931$1,377$967$671$217
30 years$2,544$1,824$1,283$887$606$187
31 years$2,436$1,724$1,196$815$548$161
32 years$2,334$1,632$1,116$749$496$139
33 years$2,239$1,545$1,042$689$448$120
34 years$2,149$1,464$973$634$406$103
35 years$2,065$1,389$910$583$368$89
36 years$1,985$1,318$851$537$333$77
37 years$1,910$1,252$797$495$302$66
38 years$1,840$1,190$746$456$274$57
39 years$1,772$1,132$699$421$248$49
40 years$1,709$1,077$655$388$225$42
41 years$1,649$1,025$614$358$204$37
42 years$1,591$976$576$330$185$32
43 years$1,537$930$541$305$168$27
44 years$1,485$886$508$282$153$23
45 years$1,436$845$477$260$139$20
46 years$1,389$806$448$240$126$17
47 years$1,344$770$421$222$114$15
48 years$1,301$735$395$205$104$13
49 years$1,260$702$372$190$94$11
50 years$1,220$670$349$175$86$10

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 $2,489 every year, while hoping to spend $20,156 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: 70/5/25 Blend
52$1,250,000$1,250,000$1,250,000$1,250,000
53$1,380,067$1,313,817$1,294,442$1,467,734
54$1,499,388$1,356,749$1,316,360$1,569,668
55$1,630,205$1,401,108$1,338,337$1,678,640
56$1,773,667$1,446,944$1,360,353$1,797,457
57$1,931,044$1,494,307$1,382,388$1,927,094
58$2,103,733$1,543,250$1,404,420$2,068,626
59$2,293,270$1,593,826$1,426,425$2,223,236
60$2,501,352$1,646,092$1,448,378$2,392,229
61$2,729,844$1,700,104$1,470,253$2,577,040
62$2,980,803$1,755,924$1,492,021$2,779,251
63$3,256,494$1,813,614$1,513,653$3,000,605
64$3,559,413$1,873,237$1,535,117$3,243,022
65$3,892,308$1,934,861$1,556,378$3,508,619
66$4,258,208$1,998,553$1,577,401$3,799,725
67$4,660,449$2,064,387$1,598,149$4,118,909
68$5,102,709$2,132,436$1,618,580$4,468,999
69$5,589,036$2,202,776$1,638,654$4,853,113
70$6,123,893$2,275,487$1,658,323$5,274,686
71$6,712,195$2,350,651$1,677,543$5,737,502
72$7,359,360$2,428,354$1,696,261$6,245,731
73$8,071,355$2,508,684$1,714,426$6,803,967
74$8,854,756$2,591,732$1,731,982$7,417,275
75$9,716,807$2,677,593$1,748,870$8,091,231
76$10,665,492$2,766,366$1,765,028$8,831,984
77$11,709,607$2,858,152$1,780,390$9,646,308
78$12,858,842$2,953,057$1,794,889$10,541,665
79$14,123,877$3,051,190$1,808,451$11,526,281
80$15,516,479$3,152,665$1,821,001$12,609,220
81$17,049,614$3,257,599$1,832,458$13,800,469
82$18,737,567$3,366,115$1,842,739$15,111,032
83$20,596,082$3,478,337$1,851,753$16,553,038
84$22,642,505$3,594,398$1,859,409$18,139,851
85$24,895,950$3,714,433$1,865,609$19,886,197
86$27,377,480$3,838,583$1,870,250$21,808,305
87$30,110,303$3,966,994$1,873,223$23,924,058
88$33,119,994$4,099,817$1,874,417$26,253,163
89$36,434,735$4,237,209$1,873,711$28,817,337
90$40,085,579$4,379,333$1,870,981$31,640,512
91$44,106,745$4,526,358$1,866,097$34,749,059
92$48,535,943$4,678,459$1,858,920$38,172,040
93$53,414,723$4,835,818$1,849,308$41,941,482
94$58,788,875$4,998,623$1,837,110$46,092,676
95$64,708,854$5,167,069$1,822,167$50,664,515
96$71,230,262$5,341,361$1,804,315$55,699,856
97$78,414,369$5,521,707$1,783,379$61,245,929
98$86,328,690$5,708,327$1,759,178$67,354,783
99$95,047,629$5,901,447$1,731,522$74,083,773
100$104,653,171$6,101,302$1,700,213$81,496,106