Can I retire at age 53 with 1,290,000?

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 $1,290,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$106,527$105,578$104,652$103,749$102,866$99,415
2 years$52,736$51,754$50,802$49,879$48,984$45,540
3 years$34,808$33,822$32,872$31,958$31,077$27,750
4 years$25,846$24,863$23,923$23,024$22,165$18,979
5 years$20,470$19,493$18,565$17,685$16,849$13,814
6 years$16,887$15,917$15,003$14,143$13,332$10,450
7 years$14,329$13,367$12,468$11,627$10,843$8,112
8 years$12,411$11,458$10,574$9,754$8,995$6,415
9 years$10,921$9,976$9,107$8,308$7,575$5,142
10 years$9,729$8,794$7,940$7,162$6,454$4,165
11 years$8,754$7,829$6,990$6,233$5,551$3,400
12 years$7,943$7,026$6,203$5,467$4,810$2,793
13 years$7,256$6,350$5,542$4,827$4,195$2,306
14 years$6,669$5,772$4,980$4,284$3,677$1,912
15 years$6,160$5,273$4,496$3,821$3,238$1,590
16 years$5,715$4,838$4,076$3,421$2,861$1,327
17 years$5,323$4,455$3,709$3,074$2,537$1,109
18 years$4,975$4,117$3,386$2,770$2,256$929
19 years$4,664$3,815$3,100$2,503$2,011$779
20 years$4,384$3,545$2,845$2,267$1,796$654
21 years$4,132$3,302$2,617$2,058$1,607$550
22 years$3,902$3,083$2,412$1,871$1,441$463
23 years$3,693$2,883$2,227$1,704$1,293$389
24 years$3,502$2,701$2,059$1,554$1,162$328
25 years$3,326$2,535$1,907$1,419$1,046$277
26 years$3,164$2,383$1,769$1,298$942$233
27 years$3,014$2,242$1,643$1,188$849$197
28 years$2,875$2,113$1,527$1,088$766$166
29 years$2,746$1,993$1,421$998$692$140
30 years$2,626$1,882$1,324$916$625$118
31 years$2,514$1,780$1,234$841$565$100
32 years$2,409$1,684$1,151$773$511$84
33 years$2,310$1,595$1,075$711$463$71
34 years$2,218$1,511$1,004$654$419$60
35 years$2,131$1,433$939$602$380$51
36 years$2,049$1,361$879$555$344$43
37 years$1,971$1,292$822$511$312$36
38 years$1,898$1,228$770$471$283$31
39 years$1,829$1,168$721$434$256$26
40 years$1,764$1,111$676$400$232$22
41 years$1,701$1,058$634$370$211$19
42 years$1,642$1,007$595$341$191$16
43 years$1,586$960$558$315$174$13
44 years$1,533$915$524$291$158$11
45 years$1,482$872$492$268$143$9
46 years$1,433$832$462$248$130$8
47 years$1,387$794$434$229$118$7
48 years$1,342$758$408$212$107$6
49 years$1,300$724$383$196$97$5
50 years$1,259$692$360$181$88$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,290,000, adding $6,725 every year, while hoping to spend $30,545 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: 61/32/7 Blend
52$1,290,000$1,290,000$1,290,000$1,290,000
53$1,428,517$1,360,147$1,340,152$1,513,248
54$1,541,726$1,394,294$1,352,547$1,604,874
55$1,665,459$1,429,091$1,364,334$1,700,665
56$1,800,756$1,464,538$1,375,460$1,804,403
57$1,948,764$1,500,631$1,385,869$1,916,853
58$2,110,746$1,537,370$1,395,504$2,038,860
59$2,288,091$1,574,750$1,404,302$2,171,352
60$2,482,330$1,612,766$1,412,200$2,315,352
61$2,695,148$1,651,412$1,419,129$2,471,985
62$2,928,401$1,690,680$1,425,018$2,642,492
63$3,184,135$1,730,559$1,429,792$2,828,239
64$3,464,599$1,771,039$1,433,373$3,030,729
65$3,772,275$1,812,107$1,435,678$3,251,619
66$4,109,894$1,853,748$1,436,620$3,492,735
67$4,480,465$1,895,943$1,436,109$3,756,087
68$4,887,302$1,938,674$1,434,048$4,043,888
69$5,334,056$1,981,918$1,430,338$4,358,580
70$5,824,749$2,025,651$1,424,873$4,702,849
71$6,363,811$2,069,845$1,417,544$5,079,657
72$6,956,123$2,114,471$1,408,235$5,492,267
73$7,607,061$2,159,494$1,396,824$5,944,272
74$8,322,550$2,204,878$1,383,187$6,439,634
75$9,109,115$2,250,582$1,367,188$6,982,716
76$9,973,946$2,296,561$1,348,690$7,578,327
77$10,924,965$2,342,769$1,327,548$8,231,764
78$11,970,898$2,389,151$1,303,607$8,948,867
79$13,121,361$2,435,651$1,276,710$9,736,067
80$14,386,949$2,482,207$1,246,688$10,600,455
81$15,779,334$2,528,751$1,213,368$11,549,841
82$17,311,377$2,575,211$1,176,567$12,592,834
83$18,997,248$2,621,507$1,136,093$13,738,919
84$20,852,562$2,667,556$1,091,747$14,998,549
85$22,894,522$2,713,265$1,043,319$16,383,244
86$25,142,085$2,758,536$990,592$17,905,698
87$27,616,137$2,803,264$933,336$19,579,899
88$30,339,693$2,847,334$871,313$21,421,263
89$33,338,114$2,890,626$804,274$23,446,779
90$36,639,343$2,933,007$731,958$25,675,169
91$40,274,170$2,974,339$654,093$28,127,065
92$44,276,524$3,014,470$570,394$30,825,202
93$48,683,791$3,053,241$480,564$33,794,638
94$53,537,169$3,090,481$384,294$37,062,987
95$58,882,051$3,126,005$281,259$40,660,679
96$64,768,460$3,159,620$171,121$44,621,249
97$71,251,517$3,191,115$53,527$48,981,657
98$78,391,960$3,220,268$0$53,782,630
99$86,256,722$3,246,843$0$59,074,431
100$94,919,556$3,270,587$0$64,905,764