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

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 $1,270,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$104,875$103,941$103,030$102,140$101,272$99,390
2 years$51,919$50,952$50,014$49,106$48,225$46,335
3 years$34,269$33,297$32,363$31,463$30,596$28,758
4 years$25,445$24,477$23,552$22,667$21,821$20,050
5 years$20,153$19,190$18,277$17,410$16,588$14,888
6 years$16,625$15,670$14,771$13,923$13,126$11,498
7 years$14,107$13,160$12,274$11,447$10,675$9,121
8 years$12,219$11,281$10,410$9,603$8,856$7,375
9 years$10,751$9,822$8,966$8,179$7,458$6,049
10 years$9,578$8,657$7,817$7,051$6,354$5,016
11 years$8,618$7,707$6,882$6,136$5,465$4,196
12 years$7,819$6,918$6,107$5,382$4,736$3,534
13 years$7,144$6,251$5,456$4,752$4,130$2,994
14 years$6,565$5,682$4,903$4,218$3,620$2,548
15 years$6,064$5,191$4,426$3,762$3,187$2,176
16 years$5,627$4,763$4,013$3,368$2,817$1,865
17 years$5,241$4,386$3,652$3,026$2,498$1,603
18 years$4,898$4,053$3,334$2,727$2,221$1,380
19 years$4,592$3,756$3,052$2,464$1,980$1,191
20 years$4,316$3,491$2,801$2,232$1,768$1,029
21 years$4,068$3,251$2,576$2,026$1,582$891
22 years$3,842$3,035$2,374$1,842$1,418$772
23 years$3,636$2,839$2,192$1,677$1,273$670
24 years$3,447$2,660$2,028$1,530$1,144$582
25 years$3,274$2,496$1,878$1,397$1,030$505
26 years$3,115$2,346$1,742$1,277$928$439
27 years$2,967$2,208$1,617$1,169$836$382
28 years$2,831$2,080$1,503$1,071$755$333
29 years$2,704$1,962$1,399$982$681$290
30 years$2,585$1,853$1,303$902$616$252
31 years$2,475$1,752$1,215$828$557$220
32 years$2,371$1,658$1,134$761$503$192
33 years$2,274$1,570$1,058$700$456$167
34 years$2,183$1,488$989$644$413$146
35 years$2,098$1,411$925$593$374$127
36 years$2,017$1,339$865$546$339$111
37 years$1,941$1,272$810$503$307$97
38 years$1,869$1,209$758$464$278$84
39 years$1,801$1,150$710$427$252$74
40 years$1,736$1,094$666$394$229$64
41 years$1,675$1,041$624$364$208$56
42 years$1,617$992$586$336$188$49
43 years$1,562$945$549$310$171$43
44 years$1,509$901$516$286$155$37
45 years$1,459$859$484$264$141$33
46 years$1,411$819$455$244$128$28
47 years$1,365$782$427$226$116$25
48 years$1,322$746$402$208$105$22
49 years$1,280$713$377$193$96$19
50 years$1,240$681$355$178$87$17

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 $6,703 every year, while hoping to spend $22,205 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: 50/33/17 Blend
52$1,270,000$1,270,000$1,270,000$1,270,000
53$1,406,454$1,339,144$1,319,459$1,469,846
54$1,526,287$1,381,136$1,340,035$1,556,251
55$1,657,598$1,424,442$1,360,556$1,647,254
56$1,801,535$1,469,102$1,380,997$1,745,670
57$1,959,362$1,515,158$1,401,331$1,852,207
58$2,132,470$1,562,654$1,421,529$1,967,639
59$2,322,393$1,611,635$1,441,561$2,092,824
60$2,530,819$1,662,147$1,461,395$2,228,700
61$2,759,608$1,714,238$1,480,998$2,376,305
62$3,010,809$1,767,957$1,500,332$2,536,776
63$3,286,679$1,823,354$1,519,360$2,711,370
64$3,589,703$1,880,481$1,538,042$2,901,466
65$3,922,621$1,939,393$1,556,335$3,108,586
66$4,288,450$2,000,145$1,574,194$3,334,402
67$4,690,514$2,062,794$1,591,571$3,580,758
68$5,132,475$2,127,399$1,608,417$3,849,684
69$5,618,366$2,194,021$1,624,678$4,143,413
70$6,152,634$2,262,722$1,640,299$4,464,408
71$6,740,174$2,333,567$1,655,221$4,815,378
72$7,386,383$2,406,623$1,669,381$5,199,308
73$8,097,204$2,481,958$1,682,716$5,619,487
74$8,879,188$2,559,643$1,695,156$6,079,535
75$9,739,550$2,639,750$1,706,628$6,583,442
76$10,686,242$2,722,355$1,717,058$7,135,601
77$11,728,023$2,807,536$1,726,364$7,740,852
78$12,874,548$2,895,371$1,734,464$8,404,527
79$14,136,452$2,985,944$1,741,268$9,132,499
80$15,525,453$3,079,339$1,746,684$9,931,239
81$17,054,466$3,175,643$1,750,615$10,807,875
82$18,737,719$3,274,947$1,752,958$11,770,260
83$20,590,891$3,377,344$1,753,606$12,827,047
84$22,631,256$3,482,928$1,752,446$13,987,769
85$24,877,852$3,591,799$1,749,361$15,262,926
86$27,351,654$3,704,059$1,744,226$16,664,091
87$30,075,776$3,819,811$1,736,910$18,204,014
88$33,075,687$3,939,164$1,727,279$19,896,740
89$36,379,453$4,062,229$1,715,189$21,757,748
90$40,018,000$4,189,121$1,700,490$23,804,091
91$44,025,406$4,319,957$1,683,026$26,054,561
92$48,439,222$4,454,860$1,662,633$28,529,861
93$53,300,829$4,593,954$1,639,137$31,252,805
94$58,655,826$4,737,370$1,612,360$34,248,531
95$64,554,459$4,885,240$1,582,113$37,544,739
96$71,052,098$5,037,701$1,548,199$41,171,951
97$78,209,759$5,194,895$1,510,410$45,163,798
98$86,094,677$5,356,968$1,468,531$49,557,341
99$94,780,943$5,524,069$1,422,337$54,393,415
100$104,350,204$5,696,353$1,371,590$59,717,020