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

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 $1,290,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$106,527$105,578$104,652$103,749$102,866$100,666
2 years$52,736$51,754$50,802$49,879$48,984$46,778
3 years$34,808$33,822$32,872$31,958$31,077$28,934
4 years$25,846$24,863$23,923$23,024$22,165$20,101
5 years$20,470$19,493$18,565$17,685$16,849$14,871
6 years$16,887$15,917$15,003$14,143$13,332$11,442
7 years$14,329$13,367$12,468$11,627$10,843$9,040
8 years$12,411$11,458$10,574$9,754$8,995$7,280
9 years$10,921$9,976$9,107$8,308$7,575$5,946
10 years$9,729$8,794$7,940$7,162$6,454$4,910
11 years$8,754$7,829$6,990$6,233$5,551$4,089
12 years$7,943$7,026$6,203$5,467$4,810$3,428
13 years$7,256$6,350$5,542$4,827$4,195$2,891
14 years$6,669$5,772$4,980$4,284$3,677$2,448
15 years$6,160$5,273$4,496$3,821$3,238$2,081
16 years$5,715$4,838$4,076$3,421$2,861$1,775
17 years$5,323$4,455$3,709$3,074$2,537$1,517
18 years$4,975$4,117$3,386$2,770$2,256$1,300
19 years$4,664$3,815$3,100$2,503$2,011$1,116
20 years$4,384$3,545$2,845$2,267$1,796$960
21 years$4,132$3,302$2,617$2,058$1,607$826
22 years$3,902$3,083$2,412$1,871$1,441$712
23 years$3,693$2,883$2,227$1,704$1,293$614
24 years$3,502$2,701$2,059$1,554$1,162$530
25 years$3,326$2,535$1,907$1,419$1,046$458
26 years$3,164$2,383$1,769$1,298$942$396
27 years$3,014$2,242$1,643$1,188$849$343
28 years$2,875$2,113$1,527$1,088$766$297
29 years$2,746$1,993$1,421$998$692$257
30 years$2,626$1,882$1,324$916$625$223
31 years$2,514$1,780$1,234$841$565$193
32 years$2,409$1,684$1,151$773$511$167
33 years$2,310$1,595$1,075$711$463$145
34 years$2,218$1,511$1,004$654$419$126
35 years$2,131$1,433$939$602$380$109
36 years$2,049$1,361$879$555$344$94
37 years$1,971$1,292$822$511$312$82
38 years$1,898$1,228$770$471$283$71
39 years$1,829$1,168$721$434$256$62
40 years$1,764$1,111$676$400$232$53
41 years$1,701$1,058$634$370$211$46
42 years$1,642$1,007$595$341$191$40
43 years$1,586$960$558$315$174$35
44 years$1,533$915$524$291$158$30
45 years$1,482$872$492$268$143$26
46 years$1,433$832$462$248$130$23
47 years$1,387$794$434$229$118$20
48 years$1,342$758$408$212$107$17
49 years$1,300$724$383$196$97$15
50 years$1,259$692$360$181$88$13

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 $6,498 every year, while hoping to spend $40,085 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: 54/31/15 Blend
52$1,290,000$1,290,000$1,290,000$1,290,000
53$1,428,283$1,359,913$1,339,918$1,499,389
54$1,531,317$1,383,898$1,342,155$1,572,565
55$1,643,518$1,407,716$1,343,123$1,647,330
56$1,765,778$1,431,314$1,342,739$1,727,803
57$1,899,078$1,454,640$1,340,911$1,814,537
58$2,044,501$1,477,634$1,337,549$1,908,142
59$2,203,235$1,500,234$1,332,552$2,009,291
60$2,376,592$1,522,372$1,325,820$2,118,726
61$2,566,013$1,543,977$1,317,243$2,237,265
62$2,773,086$1,564,971$1,306,710$2,365,810
63$2,999,559$1,585,272$1,294,103$2,505,356
64$3,247,355$1,604,792$1,279,297$2,657,001
65$3,518,595$1,623,437$1,262,163$2,821,955
66$3,815,612$1,641,105$1,242,565$3,001,553
67$4,140,975$1,657,690$1,220,362$3,197,268
68$4,497,514$1,673,077$1,195,404$3,410,723
69$4,888,347$1,687,144$1,167,536$3,643,710
70$5,316,905$1,699,760$1,136,595$3,898,204
71$5,786,969$1,710,789$1,102,411$4,176,383
72$6,302,704$1,720,081$1,064,806$4,480,650
73$6,868,696$1,727,481$1,023,593$4,813,655
74$7,489,997$1,732,822$978,578$5,178,319
75$8,172,173$1,735,926$929,556$5,577,866
76$8,921,354$1,736,606$876,315$6,015,850
77$9,744,293$1,734,661$818,633$6,496,190
78$10,648,430$1,729,879$756,277$7,023,209
79$11,641,962$1,722,034$689,004$7,601,673
80$12,733,916$1,710,888$616,560$8,236,837
81$13,934,241$1,696,187$538,679$8,934,499
82$15,253,895$1,677,662$455,087$9,701,049
83$16,704,952$1,655,027$365,492$10,543,535
84$18,300,714$1,627,980$269,593$11,469,728
85$20,055,837$1,596,202$167,075$12,488,197
86$21,986,470$1,559,353$57,609$13,608,389
87$24,110,402$1,517,074$0$14,840,723
88$26,447,237$1,468,984$0$16,206,160
89$29,018,573$1,414,682$0$17,718,344
90$31,848,207$1,353,741$0$19,382,068
91$34,962,360$1,285,710$0$21,212,789
92$38,389,925$1,210,114$0$23,227,543
93$42,162,735$1,126,448$0$25,445,112
94$46,315,869$1,034,178$0$27,886,194
95$50,887,977$932,743$0$30,573,608
96$55,921,649$821,545$0$33,532,503
97$61,463,813$699,957$0$36,790,601
98$67,566,179$567,312$0$40,378,456
99$74,285,728$422,910$0$44,329,748
100$81,685,247$266,007$0$48,681,598