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%11.8%
1 years$104,875$103,941$103,030$102,140$101,272$100,507
2 years$51,919$50,952$50,014$49,106$48,225$47,454
3 years$34,269$33,297$32,363$31,463$30,596$29,842
4 years$25,445$24,477$23,552$22,667$21,821$21,091
5 years$20,153$19,190$18,277$17,410$16,588$15,884
6 years$16,625$15,670$14,771$13,923$13,126$12,448
7 years$14,107$13,160$12,274$11,447$10,675$10,024
8 years$12,219$11,281$10,410$9,603$8,856$8,231
9 years$10,751$9,822$8,966$8,179$7,458$6,860
10 years$9,578$8,657$7,817$7,051$6,354$5,783
11 years$8,618$7,707$6,882$6,136$5,465$4,919
12 years$7,819$6,918$6,107$5,382$4,736$4,216
13 years$7,144$6,251$5,456$4,752$4,130$3,634
14 years$6,565$5,682$4,903$4,218$3,620$3,149
15 years$6,064$5,191$4,426$3,762$3,187$2,740
16 years$5,627$4,763$4,013$3,368$2,817$2,392
17 years$5,241$4,386$3,652$3,026$2,498$2,095
18 years$4,898$4,053$3,334$2,727$2,221$1,840
19 years$4,592$3,756$3,052$2,464$1,980$1,619
20 years$4,316$3,491$2,801$2,232$1,768$1,428
21 years$4,068$3,251$2,576$2,026$1,582$1,261
22 years$3,842$3,035$2,374$1,842$1,418$1,115
23 years$3,636$2,839$2,192$1,677$1,273$988
24 years$3,447$2,660$2,028$1,530$1,144$876
25 years$3,274$2,496$1,878$1,397$1,030$777
26 years$3,115$2,346$1,742$1,277$928$691
27 years$2,967$2,208$1,617$1,169$836$614
28 years$2,831$2,080$1,503$1,071$755$546
29 years$2,704$1,962$1,399$982$681$486
30 years$2,585$1,853$1,303$902$616$433
31 years$2,475$1,752$1,215$828$557$386
32 years$2,371$1,658$1,134$761$503$344
33 years$2,274$1,570$1,058$700$456$307
34 years$2,183$1,488$989$644$413$274
35 years$2,098$1,411$925$593$374$244
36 years$2,017$1,339$865$546$339$218
37 years$1,941$1,272$810$503$307$194
38 years$1,869$1,209$758$464$278$174
39 years$1,801$1,150$710$427$252$155
40 years$1,736$1,094$666$394$229$138
41 years$1,675$1,041$624$364$208$124
42 years$1,617$992$586$336$188$111
43 years$1,562$945$549$310$171$99
44 years$1,509$901$516$286$155$88
45 years$1,459$859$484$264$141$79
46 years$1,411$819$455$244$128$71
47 years$1,365$782$427$226$116$63
48 years$1,322$746$402$208$105$56
49 years$1,280$713$377$193$96$50
50 years$1,240$681$355$178$87$45

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 $4,922 every year, while hoping to spend $20,975 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: 78/5/17 Blend
52$1,270,000$1,270,000$1,270,000$1,270,000
53$1,404,617$1,337,307$1,317,622$1,508,549
54$1,525,571$1,380,518$1,339,445$1,621,019
55$1,658,159$1,425,143$1,361,296$1,741,228
56$1,803,546$1,471,230$1,383,154$1,872,518
57$1,963,014$1,518,827$1,404,997$2,015,990
58$2,137,976$1,567,984$1,426,799$2,172,857
59$2,329,989$1,618,755$1,448,536$2,344,455
60$2,540,766$1,671,192$1,470,181$2,532,256
61$2,772,196$1,725,352$1,491,703$2,737,880
62$3,026,358$1,781,292$1,513,073$2,963,113
63$3,305,544$1,839,073$1,534,259$3,209,922
64$3,612,278$1,898,755$1,555,224$3,480,473
65$3,949,339$1,960,404$1,575,933$3,777,154
66$4,319,792$2,024,084$1,596,347$4,102,594
67$4,727,011$2,089,864$1,616,426$4,459,690
68$5,174,715$2,157,816$1,636,124$4,851,636
69$5,666,999$2,228,012$1,655,398$5,281,947
70$6,208,377$2,300,528$1,674,197$5,754,498
71$6,803,820$2,375,443$1,692,472$6,273,559
72$7,458,808$2,452,838$1,710,168$6,843,833
73$8,179,375$2,532,797$1,727,228$7,470,503
74$8,972,174$2,615,406$1,743,592$8,159,280
75$9,844,531$2,700,756$1,759,197$8,916,456
76$10,804,520$2,788,940$1,773,977$9,748,964
77$11,861,036$2,880,053$1,787,861$10,664,444
78$13,023,883$2,974,197$1,800,776$11,671,313
79$14,303,861$3,071,474$1,812,643$12,778,848
80$15,712,869$3,171,991$1,823,381$13,997,268
81$17,264,022$3,275,859$1,832,905$15,337,836
82$18,971,769$3,383,193$1,841,124$16,812,963
83$20,852,030$3,494,110$1,847,942$18,436,323
84$22,922,350$3,608,734$1,853,261$20,222,985
85$25,202,061$3,727,193$1,856,976$22,189,555
86$27,712,463$3,849,617$1,858,976$24,354,330
87$30,477,029$3,976,143$1,859,147$26,737,474
88$33,521,625$4,106,913$1,857,368$29,361,204
89$36,874,751$4,242,073$1,853,510$32,250,006
90$40,567,816$4,381,774$1,847,443$35,430,860
91$44,635,425$4,526,174$1,839,024$38,933,498
92$49,115,716$4,675,434$1,828,109$42,790,682
93$54,050,713$4,829,723$1,814,544$47,038,517
94$59,486,722$4,989,217$1,798,169$51,716,788
95$65,474,774$5,154,095$1,778,813$56,869,339
96$72,071,100$5,324,544$1,756,303$62,544,482
97$79,337,665$5,500,760$1,730,452$68,795,458
98$87,342,753$5,682,942$1,701,067$75,680,937
99$96,161,607$5,871,300$1,667,946$83,265,573
100$105,877,146$6,066,049$1,630,878$91,620,613