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%17.1%
1 years$104,875$103,941$103,030$102,140$101,272$98,345
2 years$51,919$50,952$50,014$49,106$48,225$45,299
3 years$34,269$33,297$32,363$31,463$30,596$27,764
4 years$25,445$24,477$23,552$22,667$21,821$19,104
5 years$20,153$19,190$18,277$17,410$16,588$13,993
6 years$16,625$15,670$14,771$13,923$13,126$10,655
7 years$14,107$13,160$12,274$11,447$10,675$8,328
8 years$12,219$11,281$10,410$9,603$8,856$6,633
9 years$10,751$9,822$8,966$8,179$7,458$5,356
10 years$9,578$8,657$7,817$7,051$6,354$4,370
11 years$8,618$7,707$6,882$6,136$5,465$3,596
12 years$7,819$6,918$6,107$5,382$4,736$2,978
13 years$7,144$6,251$5,456$4,752$4,130$2,479
14 years$6,565$5,682$4,903$4,218$3,620$2,072
15 years$6,064$5,191$4,426$3,762$3,187$1,738
16 years$5,627$4,763$4,013$3,368$2,817$1,462
17 years$5,241$4,386$3,652$3,026$2,498$1,233
18 years$4,898$4,053$3,334$2,727$2,221$1,042
19 years$4,592$3,756$3,052$2,464$1,980$882
20 years$4,316$3,491$2,801$2,232$1,768$747
21 years$4,068$3,251$2,576$2,026$1,582$634
22 years$3,842$3,035$2,374$1,842$1,418$539
23 years$3,636$2,839$2,192$1,677$1,273$458
24 years$3,447$2,660$2,028$1,530$1,144$389
25 years$3,274$2,496$1,878$1,397$1,030$331
26 years$3,115$2,346$1,742$1,277$928$282
27 years$2,967$2,208$1,617$1,169$836$240
28 years$2,831$2,080$1,503$1,071$755$205
29 years$2,704$1,962$1,399$982$681$175
30 years$2,585$1,853$1,303$902$616$149
31 years$2,475$1,752$1,215$828$557$127
32 years$2,371$1,658$1,134$761$503$108
33 years$2,274$1,570$1,058$700$456$92
34 years$2,183$1,488$989$644$413$79
35 years$2,098$1,411$925$593$374$67
36 years$2,017$1,339$865$546$339$57
37 years$1,941$1,272$810$503$307$49
38 years$1,869$1,209$758$464$278$42
39 years$1,801$1,150$710$427$252$36
40 years$1,736$1,094$666$394$229$30
41 years$1,675$1,041$624$364$208$26
42 years$1,617$992$586$336$188$22
43 years$1,562$945$549$310$171$19
44 years$1,509$901$516$286$155$16
45 years$1,459$859$484$264$141$14
46 years$1,411$819$455$244$128$12
47 years$1,365$782$427$226$116$10
48 years$1,322$746$402$208$105$9
49 years$1,280$713$377$193$96$7
50 years$1,240$681$355$178$87$6

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 $5,379 every year, while hoping to spend $39,270 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: 39/39/22 Blend
52$1,270,000$1,270,000$1,270,000$1,270,000
53$1,405,088$1,337,778$1,318,093$1,450,505
54$1,506,624$1,361,547$1,320,467$1,507,542
55$1,617,201$1,385,163$1,321,603$1,565,073
56$1,737,699$1,408,579$1,321,420$1,626,489
57$1,869,087$1,431,743$1,319,830$1,692,165
58$2,012,432$1,454,596$1,316,743$1,762,515
59$2,168,909$1,477,080$1,312,062$1,837,998
60$2,339,809$1,499,128$1,305,688$1,919,120
61$2,526,555$1,520,672$1,297,514$2,006,441
62$2,730,715$1,541,635$1,287,432$2,100,577
63$2,954,011$1,561,940$1,275,325$2,202,211
64$3,198,345$1,581,499$1,261,072$2,312,097
65$3,465,805$1,600,221$1,244,548$2,431,067
66$3,758,695$1,618,010$1,225,618$2,560,042
67$4,079,551$1,634,761$1,204,145$2,700,036
68$4,431,163$1,650,363$1,179,982$2,852,172
69$4,816,609$1,664,698$1,152,978$3,017,688
70$5,239,274$1,677,639$1,122,974$3,197,952
71$5,702,889$1,689,053$1,089,803$3,394,475
72$6,211,563$1,698,796$1,053,291$3,608,925
73$6,769,822$1,706,716$1,013,255$3,843,143
74$7,382,651$1,712,651$969,506$4,099,163
75$8,055,540$1,716,431$921,844$4,379,229
76$8,794,540$1,717,871$870,060$4,685,819
77$9,606,314$1,716,777$813,938$5,021,668
78$10,498,203$1,712,944$753,250$5,389,795
79$11,478,294$1,706,153$687,758$5,793,533
80$12,555,497$1,696,171$617,215$6,236,559
81$13,739,626$1,682,752$541,360$6,722,932
82$15,041,496$1,665,634$459,923$7,257,132
83$16,473,020$1,644,542$372,622$7,844,101
84$18,047,324$1,619,180$279,161$8,489,294
85$19,778,869$1,589,239$179,232$9,198,729
86$21,683,590$1,554,388$72,512$9,979,045
87$23,779,042$1,514,279$0$10,837,570
88$26,084,568$1,468,541$0$11,792,097
89$28,621,478$1,416,785$0$12,860,628
90$31,413,257$1,358,595$0$14,036,045
91$34,485,778$1,293,535$0$15,329,288
92$37,867,549$1,221,140$0$16,752,420
93$41,589,983$1,140,920$0$18,318,741
94$45,687,695$1,052,358$0$20,042,913
95$50,198,822$954,906$0$21,941,103
96$55,165,390$847,985$0$24,031,136
97$60,633,706$730,982$0$26,332,662
98$66,654,796$603,252$0$28,867,345
99$73,284,885$464,112$0$31,659,071
100$80,585,930$312,839$0$34,734,171