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%13.2%
1 years$106,527$105,578$104,652$103,749$102,866$101,497
2 years$52,736$51,754$50,802$49,879$48,984$47,606
3 years$34,808$33,822$32,872$31,958$31,077$29,735
4 years$25,846$24,863$23,923$23,024$22,165$20,867
5 years$20,470$19,493$18,565$17,685$16,849$15,600
6 years$16,887$15,917$15,003$14,143$13,332$12,134
7 years$14,329$13,367$12,468$11,627$10,843$9,695
8 years$12,411$11,458$10,574$9,754$8,995$7,898
9 years$10,921$9,976$9,107$8,308$7,575$6,528
10 years$9,729$8,794$7,940$7,162$6,454$5,457
11 years$8,754$7,829$6,990$6,233$5,551$4,602
12 years$7,943$7,026$6,203$5,467$4,810$3,909
13 years$7,256$6,350$5,542$4,827$4,195$3,339
14 years$6,669$5,772$4,980$4,284$3,677$2,867
15 years$6,160$5,273$4,496$3,821$3,238$2,471
16 years$5,715$4,838$4,076$3,421$2,861$2,137
17 years$5,323$4,455$3,709$3,074$2,537$1,853
18 years$4,975$4,117$3,386$2,770$2,256$1,611
19 years$4,664$3,815$3,100$2,503$2,011$1,403
20 years$4,384$3,545$2,845$2,267$1,796$1,225
21 years$4,132$3,302$2,617$2,058$1,607$1,071
22 years$3,902$3,083$2,412$1,871$1,441$937
23 years$3,693$2,883$2,227$1,704$1,293$821
24 years$3,502$2,701$2,059$1,554$1,162$720
25 years$3,326$2,535$1,907$1,419$1,046$632
26 years$3,164$2,383$1,769$1,298$942$555
27 years$3,014$2,242$1,643$1,188$849$488
28 years$2,875$2,113$1,527$1,088$766$430
29 years$2,746$1,993$1,421$998$692$378
30 years$2,626$1,882$1,324$916$625$333
31 years$2,514$1,780$1,234$841$565$293
32 years$2,409$1,684$1,151$773$511$258
33 years$2,310$1,595$1,075$711$463$228
34 years$2,218$1,511$1,004$654$419$201
35 years$2,131$1,433$939$602$380$177
36 years$2,049$1,361$879$555$344$156
37 years$1,971$1,292$822$511$312$138
38 years$1,898$1,228$770$471$283$122
39 years$1,829$1,168$721$434$256$107
40 years$1,764$1,111$676$400$232$95
41 years$1,701$1,058$634$370$211$84
42 years$1,642$1,007$595$341$191$74
43 years$1,586$960$558$315$174$65
44 years$1,533$915$524$291$158$57
45 years$1,482$872$492$268$143$51
46 years$1,433$832$462$248$130$45
47 years$1,387$794$434$229$118$40
48 years$1,342$758$408$212$107$35
49 years$1,300$724$383$196$97$31
50 years$1,259$692$360$181$88$27

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 $3,872 every year, while hoping to spend $35,339 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: 33/41/26 Blend
52$1,290,000$1,290,000$1,290,000$1,290,000
53$1,425,574$1,357,204$1,337,209$1,461,216
54$1,533,382$1,386,107$1,344,405$1,517,384
55$1,651,002$1,415,241$1,350,658$1,574,442
56$1,779,398$1,444,581$1,355,898$1,635,238
57$1,919,630$1,474,099$1,360,054$1,700,125
58$2,072,865$1,503,763$1,363,049$1,769,495
59$2,240,390$1,533,540$1,364,804$1,843,779
60$2,423,619$1,563,393$1,365,234$1,923,454
61$2,624,111$1,593,282$1,364,252$2,009,045
62$2,843,582$1,623,164$1,361,766$2,101,133
63$3,083,920$1,652,992$1,357,678$2,200,360
64$3,347,207$1,682,716$1,351,888$2,307,433
65$3,635,735$1,712,281$1,344,288$2,423,134
66$3,952,026$1,741,630$1,334,769$2,548,324
67$4,298,861$1,770,697$1,323,211$2,683,958
68$4,679,300$1,799,417$1,309,494$2,831,085
69$5,096,716$1,827,715$1,293,489$2,990,867
70$5,554,822$1,855,514$1,275,062$3,164,584
71$6,057,709$1,882,730$1,254,072$3,353,651
72$6,609,884$1,909,273$1,230,373$3,559,627
73$7,216,311$1,935,046$1,203,809$3,784,237
74$7,882,459$1,959,947$1,174,220$4,029,380
75$8,614,351$1,983,866$1,141,438$4,297,156
76$9,418,625$2,006,685$1,105,286$4,589,880
77$10,302,591$2,028,280$1,065,580$4,910,108
78$11,274,305$2,048,515$1,022,126$5,260,659
79$12,342,640$2,067,248$974,724$5,644,645
80$13,517,374$2,084,327$923,161$6,065,499
81$14,809,277$2,099,591$867,219$6,527,011
82$16,230,219$2,112,866$806,666$7,033,360
83$17,793,274$2,123,969$741,262$7,589,157
84$19,512,849$2,132,705$670,755$8,199,491
85$21,404,818$2,138,866$594,883$8,869,974
86$23,486,669$2,142,230$513,372$9,606,798
87$25,777,674$2,142,564$425,935$10,416,793
88$28,299,066$2,139,619$332,273$11,307,494
89$31,074,240$2,133,129$232,073$12,287,210
90$34,128,974$2,122,815$125,010$13,365,108
91$37,491,675$2,108,378$10,742$14,551,300
92$41,193,639$2,089,502$0$15,856,935
93$45,269,355$2,065,852$0$17,325,161
94$49,756,823$2,037,073$0$18,943,877
95$54,697,918$2,002,789$0$20,725,166
96$60,138,781$1,962,600$0$22,685,634
97$66,130,255$1,916,086$0$24,843,589
98$72,728,364$1,862,797$0$27,219,212
99$79,994,844$1,802,261$0$29,834,748
100$87,997,724$1,733,977$0$32,714,721