Can I retire at age 53 with 1,280,000?

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 $1,280,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$105,701$104,760$103,841$102,944$102,069$99,440
2 years$52,327$51,353$50,408$49,493$48,604$45,973
3 years$34,538$33,560$32,618$31,710$30,837$28,286
4 years$25,646$24,670$23,737$22,846$21,993$19,542
5 years$20,311$19,341$18,421$17,548$16,719$14,374
6 years$16,756$15,794$14,887$14,033$13,229$10,993
7 years$14,218$13,264$12,371$11,537$10,759$8,632
8 years$12,315$11,369$10,492$9,678$8,925$6,907
9 years$10,836$9,899$9,036$8,244$7,516$5,604
10 years$9,653$8,726$7,878$7,106$6,404$4,596
11 years$8,686$7,768$6,936$6,185$5,508$3,801
12 years$7,881$6,972$6,155$5,425$4,773$3,164
13 years$7,200$6,301$5,499$4,789$4,162$2,648
14 years$6,617$5,727$4,941$4,251$3,649$2,226
15 years$6,112$5,232$4,461$3,791$3,212$1,878
16 years$5,671$4,800$4,045$3,395$2,839$1,589
17 years$5,282$4,421$3,681$3,050$2,517$1,348
18 years$4,936$4,085$3,360$2,749$2,238$1,145
19 years$4,628$3,786$3,076$2,484$1,995$975
20 years$4,350$3,518$2,823$2,250$1,782$832
21 years$4,100$3,277$2,596$2,042$1,595$710
22 years$3,872$3,059$2,393$1,856$1,429$607
23 years$3,664$2,861$2,210$1,691$1,283$519
24 years$3,475$2,680$2,043$1,542$1,153$444
25 years$3,300$2,515$1,893$1,408$1,038$380
26 years$3,139$2,364$1,755$1,288$935$326
27 years$2,991$2,225$1,630$1,179$843$280
28 years$2,853$2,097$1,515$1,080$761$240
29 years$2,725$1,978$1,410$990$687$206
30 years$2,606$1,868$1,313$909$621$177
31 years$2,494$1,766$1,225$835$561$152
32 years$2,390$1,671$1,142$767$507$130
33 years$2,292$1,582$1,067$705$459$112
34 years$2,201$1,500$997$649$416$96
35 years$2,114$1,422$932$597$377$83
36 years$2,033$1,350$872$550$341$71
37 years$1,956$1,282$816$507$309$61
38 years$1,884$1,219$764$467$280$52
39 years$1,815$1,159$716$431$254$45
40 years$1,750$1,102$671$397$231$39
41 years$1,688$1,049$629$367$209$33
42 years$1,630$999$590$338$190$29
43 years$1,574$952$554$312$172$25
44 years$1,521$908$520$288$156$21
45 years$1,470$866$488$266$142$18
46 years$1,422$826$458$246$129$16
47 years$1,376$788$431$227$117$13
48 years$1,332$752$405$210$106$12
49 years$1,290$718$380$194$97$10
50 years$1,250$686$358$179$88$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,280,000, adding $2,965 every year, while hoping to spend $21,746 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: 52/18/30 Blend
52$1,280,000$1,280,000$1,280,000$1,280,000
53$1,413,618$1,345,778$1,325,938$1,475,057
54$1,534,670$1,388,584$1,347,220$1,560,989
55$1,667,340$1,432,758$1,368,485$1,652,001
56$1,812,790$1,478,345$1,389,711$1,750,593
57$1,972,301$1,525,390$1,410,873$1,857,499
58$2,147,282$1,573,941$1,431,944$1,973,528
59$2,339,286$1,624,045$1,452,895$2,099,570
60$2,550,024$1,675,754$1,473,697$2,236,606
61$2,781,379$1,729,118$1,494,318$2,385,714
62$3,035,426$1,784,192$1,514,725$2,548,084
63$3,314,452$1,841,030$1,534,881$2,725,026
64$3,620,976$1,899,689$1,554,749$2,917,982
65$3,957,771$1,960,230$1,574,288$3,128,540
66$4,327,893$2,022,711$1,593,457$3,358,450
67$4,734,711$2,087,197$1,612,210$3,609,639
68$5,181,934$2,153,751$1,630,502$3,884,232
69$5,673,648$2,222,442$1,648,280$4,184,567
70$6,214,356$2,293,338$1,665,494$4,513,222
71$6,809,020$2,366,511$1,682,087$4,873,035
72$7,463,104$2,442,034$1,698,002$5,267,135
73$8,182,632$2,519,984$1,713,175$5,698,968
74$8,974,237$2,600,441$1,727,543$6,172,331
75$9,845,231$2,683,484$1,741,038$6,691,406
76$10,803,668$2,769,198$1,753,586$7,260,805
77$11,858,424$2,857,671$1,765,113$7,885,605
78$13,019,277$2,948,991$1,775,539$8,571,403
79$14,297,004$3,043,251$1,784,779$9,324,365
80$15,703,476$3,140,548$1,792,747$10,151,286
81$17,251,775$3,240,980$1,799,349$11,059,651
82$18,956,318$3,344,650$1,804,489$12,057,712
83$20,832,987$3,451,662$1,808,063$13,154,557
84$22,899,284$3,562,126$1,809,966$14,360,205
85$25,174,496$3,676,155$1,810,085$15,685,693
86$27,679,873$3,793,865$1,808,302$17,143,185
87$30,438,833$3,915,377$1,804,492$18,746,083
88$33,477,178$4,040,815$1,798,527$20,509,158
89$36,823,342$4,170,307$1,790,269$22,448,685
90$40,508,657$4,303,986$1,779,578$24,582,599
91$44,567,648$4,441,989$1,766,301$26,930,665
92$49,038,360$4,584,459$1,750,285$29,514,662
93$53,962,716$4,731,541$1,731,363$32,358,590
94$59,386,914$4,883,387$1,709,364$35,488,899
95$65,361,859$5,040,153$1,684,108$38,934,733
96$71,943,650$5,202,002$1,655,407$42,728,211
97$79,194,102$5,369,100$1,623,063$46,904,726
98$87,181,335$5,541,620$1,586,870$51,503,282
99$95,980,413$5,719,741$1,546,611$56,566,862
100$105,674,053$5,903,647$1,502,062$62,142,830