Can I retire at age 53 with 1,270,000?

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 $1,270,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$104,875$103,941$103,030$102,140$101,272$99,553
2 years$51,919$50,952$50,014$49,106$48,225$46,498
3 years$34,269$33,297$32,363$31,463$30,596$28,916
4 years$25,445$24,477$23,552$22,667$21,821$20,200
5 years$20,153$19,190$18,277$17,410$16,588$15,031
6 years$16,625$15,670$14,771$13,923$13,126$11,634
7 years$14,107$13,160$12,274$11,447$10,675$9,249
8 years$12,219$11,281$10,410$9,603$8,856$7,496
9 years$10,751$9,822$8,966$8,179$7,458$6,163
10 years$9,578$8,657$7,817$7,051$6,354$5,123
11 years$8,618$7,707$6,882$6,136$5,465$4,296
12 years$7,819$6,918$6,107$5,382$4,736$3,628
13 years$7,144$6,251$5,456$4,752$4,130$3,081
14 years$6,565$5,682$4,903$4,218$3,620$2,629
15 years$6,064$5,191$4,426$3,762$3,187$2,252
16 years$5,627$4,763$4,013$3,368$2,817$1,936
17 years$5,241$4,386$3,652$3,026$2,498$1,668
18 years$4,898$4,053$3,334$2,727$2,221$1,441
19 years$4,592$3,756$3,052$2,464$1,980$1,247
20 years$4,316$3,491$2,801$2,232$1,768$1,081
21 years$4,068$3,251$2,576$2,026$1,582$938
22 years$3,842$3,035$2,374$1,842$1,418$816
23 years$3,636$2,839$2,192$1,677$1,273$710
24 years$3,447$2,660$2,028$1,530$1,144$618
25 years$3,274$2,496$1,878$1,397$1,030$539
26 years$3,115$2,346$1,742$1,277$928$470
27 years$2,967$2,208$1,617$1,169$836$410
28 years$2,831$2,080$1,503$1,071$755$358
29 years$2,704$1,962$1,399$982$681$313
30 years$2,585$1,853$1,303$902$616$274
31 years$2,475$1,752$1,215$828$557$239
32 years$2,371$1,658$1,134$761$503$209
33 years$2,274$1,570$1,058$700$456$183
34 years$2,183$1,488$989$644$413$160
35 years$2,098$1,411$925$593$374$140
36 years$2,017$1,339$865$546$339$123
37 years$1,941$1,272$810$503$307$107
38 years$1,869$1,209$758$464$278$94
39 years$1,801$1,150$710$427$252$82
40 years$1,736$1,094$666$394$229$72
41 years$1,675$1,041$624$364$208$63
42 years$1,617$992$586$336$188$55
43 years$1,562$945$549$310$171$48
44 years$1,509$901$516$286$155$42
45 years$1,459$859$484$264$141$37
46 years$1,411$819$455$244$128$33
47 years$1,365$782$427$226$116$29
48 years$1,322$746$402$208$105$25
49 years$1,280$713$377$193$96$22
50 years$1,240$681$355$178$87$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,270,000, adding $4,114 every year, while hoping to spend $38,546 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: 49/25/26 Blend
52$1,270,000$1,270,000$1,270,000$1,270,000
53$1,403,784$1,336,474$1,316,789$1,462,038
54$1,505,957$1,360,948$1,319,888$1,527,672
55$1,617,260$1,385,330$1,321,800$1,594,773
56$1,738,583$1,409,574$1,322,443$1,666,910
57$1,870,907$1,433,632$1,321,733$1,744,578
58$2,015,310$1,457,450$1,319,582$1,828,322
59$2,172,980$1,480,973$1,315,896$1,918,742
60$2,345,223$1,504,140$1,310,578$2,016,504
61$2,533,479$1,526,886$1,303,525$2,122,339
62$2,739,332$1,549,141$1,294,631$2,237,056
63$2,964,526$1,570,831$1,283,784$2,361,547
64$3,210,982$1,591,877$1,270,865$2,496,797
65$3,480,815$1,612,191$1,255,752$2,643,893
66$3,776,353$1,631,685$1,238,315$2,804,033
67$4,100,163$1,650,258$1,218,420$2,978,542
68$4,455,067$1,667,809$1,195,925$3,168,878
69$4,844,178$1,684,225$1,170,682$3,376,654
70$5,270,920$1,699,388$1,142,536$3,603,646
71$5,739,068$1,713,173$1,111,325$3,851,815
72$6,252,779$1,725,444$1,076,880$4,123,326
73$6,816,630$1,736,059$1,039,024$4,420,566
74$7,435,666$1,744,864$997,570$4,746,168
75$8,115,440$1,751,700$952,325$5,103,038
76$8,862,074$1,756,392$903,087$5,494,381
77$9,682,309$1,758,758$849,644$5,923,733
78$10,583,571$1,758,604$791,773$6,394,992
79$11,574,042$1,755,722$729,245$6,912,462
80$12,662,736$1,749,894$661,816$7,480,887
81$13,859,583$1,740,887$589,235$8,105,501
82$15,175,524$1,728,455$511,238$8,792,075
83$16,622,613$1,712,334$427,550$9,546,977
84$18,214,129$1,692,247$337,882$10,377,226
85$19,964,703$1,667,901$241,934$11,290,567
86$21,890,458$1,638,983$139,394$12,295,538
87$24,009,153$1,605,162$29,933$13,401,556
88$26,340,361$1,566,089$0$14,619,005
89$28,905,644$1,521,394$0$15,983,439
90$31,728,760$1,470,683$0$17,493,810
91$34,835,889$1,413,541$0$19,155,832
92$38,255,875$1,349,530$0$20,984,963
93$42,020,501$1,278,183$0$22,998,245
94$46,164,788$1,199,011$0$25,214,458
95$50,727,326$1,111,492$0$27,654,302
96$55,750,636$1,015,077$0$30,340,593
97$61,281,570$909,185$0$33,298,477
98$67,371,757$793,203$0$36,555,670
99$74,078,087$666,480$0$40,142,721
100$81,463,246$528,332$0$44,093,298