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%11.2%
1 years$103,224$102,304$101,407$100,532$99,677$99,173
2 years$51,101$50,149$49,227$48,333$47,465$46,957
3 years$33,729$32,773$31,853$30,967$30,114$29,617
4 years$25,045$24,092$23,181$22,310$21,477$20,995
5 years$19,835$18,888$17,989$17,136$16,327$15,861
6 years$16,364$15,424$14,538$13,704$12,919$12,470
7 years$13,885$12,953$12,081$11,267$10,506$10,075
8 years$12,027$11,103$10,246$9,451$8,716$8,302
9 years$10,582$9,667$8,825$8,051$7,340$6,943
10 years$9,427$8,521$7,694$6,940$6,254$5,874
11 years$8,483$7,586$6,773$6,040$5,379$5,015
12 years$7,696$6,809$6,011$5,298$4,661$4,314
13 years$7,031$6,153$5,371$4,677$4,065$3,733
14 years$6,462$5,593$4,825$4,152$3,563$3,247
15 years$5,969$5,109$4,357$3,703$3,137$2,837
16 years$5,538$4,688$3,950$3,315$2,773$2,487
17 years$5,158$4,317$3,594$2,979$2,458$2,187
18 years$4,821$3,989$3,281$2,684$2,186$1,929
19 years$4,519$3,697$3,004$2,426$1,948$1,705
20 years$4,248$3,436$2,757$2,197$1,740$1,510
21 years$4,004$3,200$2,536$1,994$1,557$1,339
22 years$3,781$2,987$2,337$1,813$1,396$1,190
23 years$3,579$2,794$2,158$1,651$1,253$1,059
24 years$3,393$2,618$1,996$1,506$1,126$943
25 years$3,223$2,457$1,848$1,375$1,014$841
26 years$3,066$2,309$1,714$1,257$913$750
27 years$2,921$2,173$1,592$1,151$823$670
28 years$2,786$2,047$1,480$1,054$743$599
29 years$2,661$1,931$1,377$967$671$536
30 years$2,544$1,824$1,283$887$606$480
31 years$2,436$1,724$1,196$815$548$429
32 years$2,334$1,632$1,116$749$496$385
33 years$2,239$1,545$1,042$689$448$345
34 years$2,149$1,464$973$634$406$309
35 years$2,065$1,389$910$583$368$277
36 years$1,985$1,318$851$537$333$249
37 years$1,910$1,252$797$495$302$223
38 years$1,840$1,190$746$456$274$200
39 years$1,772$1,132$699$421$248$180
40 years$1,709$1,077$655$388$225$161
41 years$1,649$1,025$614$358$204$145
42 years$1,591$976$576$330$185$130
43 years$1,537$930$541$305$168$117
44 years$1,485$886$508$282$153$105
45 years$1,436$845$477$260$139$94
46 years$1,389$806$448$240$126$85
47 years$1,344$770$421$222$114$76
48 years$1,301$735$395$205$104$68
49 years$1,260$702$372$190$94$62
50 years$1,220$670$349$175$86$55

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 $4,963 every year, while hoping to spend $36,559 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: 66/27/7 Blend
52$1,250,000$1,250,000$1,250,000$1,250,000
53$1,382,619$1,316,369$1,296,994$1,471,849
54$1,484,748$1,341,973$1,301,545$1,557,359
55$1,596,069$1,367,606$1,305,023$1,645,938
56$1,717,480$1,393,231$1,307,354$1,741,774
57$1,849,971$1,418,808$1,308,459$1,845,569
58$1,994,632$1,444,293$1,308,256$1,958,099
59$2,152,661$1,469,640$1,306,659$2,080,215
60$2,325,379$1,494,798$1,303,578$2,212,857
61$2,514,237$1,519,713$1,298,918$2,357,060
62$2,720,837$1,544,327$1,292,579$2,513,963
63$2,946,940$1,568,576$1,284,458$2,684,823
64$3,194,485$1,592,394$1,274,444$2,871,023
65$3,465,609$1,615,707$1,262,425$3,074,089
66$3,762,664$1,638,440$1,248,279$3,295,701
67$4,088,241$1,660,509$1,231,882$3,537,711
68$4,445,193$1,681,826$1,213,101$3,802,161
69$4,836,663$1,702,295$1,191,800$4,091,298
70$5,266,111$1,721,816$1,167,834$4,407,601
71$5,737,351$1,740,282$1,141,053$4,753,802
72$6,254,581$1,757,576$1,111,299$5,132,912
73$6,822,427$1,773,576$1,078,406$5,548,248
74$7,445,985$1,788,151$1,042,203$6,003,466
75$8,130,867$1,801,163$1,002,509$6,502,597
76$8,883,257$1,812,461$959,134$7,050,082
77$9,709,967$1,821,889$911,883$7,650,817
78$10,618,500$1,829,279$860,548$8,310,198
79$11,617,125$1,834,451$804,913$9,034,172
80$12,714,949$1,837,216$744,755$9,829,292
81$13,922,006$1,837,372$679,837$10,702,785
82$15,249,352$1,834,705$609,913$11,662,611
83$16,709,168$1,828,988$534,727$12,717,547
84$18,314,873$1,819,978$454,010$13,877,267
85$20,081,253$1,807,420$367,483$15,152,432
86$22,024,599$1,791,042$274,852$16,554,792
87$24,162,861$1,770,555$175,812$18,097,299
88$26,515,816$1,745,655$70,044$19,794,228
89$29,105,254$1,716,018$0$21,661,314
90$31,955,188$1,681,300$0$23,719,095
91$35,092,072$1,641,139$0$25,989,279
92$38,545,059$1,595,150$0$28,487,720
93$42,346,269$1,542,926$0$31,237,667
94$46,531,094$1,484,036$0$34,264,738
95$51,138,536$1,418,023$0$37,597,170
96$56,211,566$1,344,406$0$41,266,082
97$61,797,538$1,262,674$0$45,305,770
98$67,948,629$1,172,288$0$49,754,030
99$74,722,335$1,072,676$0$54,652,520
100$82,182,013$963,236$0$60,047,148