Can I retire at age 53 with 1,300,000?

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 $1,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$107,353$106,397$105,464$104,553$103,664$99,906
2 years$53,145$52,155$51,196$50,266$49,364$45,619
3 years$35,078$34,084$33,127$32,206$31,318$27,705
4 years$26,046$25,055$24,108$23,202$22,337$18,881
5 years$20,629$19,644$18,709$17,822$16,980$13,692
6 years$17,018$16,041$15,120$14,252$13,436$10,318
7 years$14,440$13,471$12,564$11,718$10,927$7,978
8 years$12,508$11,547$10,656$9,830$9,065$6,283
9 years$11,005$10,054$9,178$8,373$7,634$5,015
10 years$9,804$8,862$8,001$7,217$6,504$4,043
11 years$8,822$7,889$7,044$6,281$5,594$3,286
12 years$8,004$7,081$6,252$5,509$4,848$2,687
13 years$7,313$6,399$5,585$4,864$4,227$2,208
14 years$6,720$5,817$5,018$4,318$3,706$1,822
15 years$6,208$5,314$4,531$3,851$3,263$1,508
16 years$5,759$4,875$4,108$3,448$2,884$1,251
17 years$5,364$4,490$3,738$3,098$2,557$1,040
18 years$5,014$4,149$3,412$2,792$2,273$867
19 years$4,700$3,845$3,124$2,523$2,026$723
20 years$4,418$3,573$2,867$2,285$1,810$604
21 years$4,164$3,328$2,637$2,074$1,620$505
22 years$3,932$3,107$2,430$1,885$1,452$423
23 years$3,722$2,906$2,244$1,717$1,303$354
24 years$3,529$2,722$2,075$1,566$1,171$296
25 years$3,352$2,555$1,922$1,430$1,054$248
26 years$3,188$2,401$1,783$1,308$949$208
27 years$3,037$2,260$1,655$1,197$856$175
28 years$2,897$2,129$1,539$1,097$772$147
29 years$2,767$2,009$1,432$1,006$697$123
30 years$2,646$1,897$1,334$923$630$103
31 years$2,533$1,793$1,244$848$570$87
32 years$2,427$1,697$1,160$779$515$73
33 years$2,328$1,607$1,083$716$466$61
34 years$2,235$1,523$1,012$659$422$51
35 years$2,147$1,445$946$607$382$43
36 years$2,065$1,371$885$559$347$36
37 years$1,987$1,302$829$515$314$30
38 years$1,913$1,238$776$475$285$26
39 years$1,843$1,177$727$438$258$22
40 years$1,777$1,120$681$404$234$18
41 years$1,715$1,066$639$372$212$15
42 years$1,655$1,015$599$344$193$13
43 years$1,598$967$562$317$175$11
44 years$1,545$922$528$293$159$9
45 years$1,493$879$496$271$144$8
46 years$1,444$839$466$250$131$6
47 years$1,398$800$437$231$119$5
48 years$1,353$764$411$213$108$4
49 years$1,310$730$386$197$98$4
50 years$1,269$697$363$182$89$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,300,000, adding $5,384 every year, while hoping to spend $43,549 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: 31/46/23 Blend
52$1,300,000$1,300,000$1,300,000$1,300,000
53$1,438,154$1,369,254$1,349,104$1,472,367
54$1,538,509$1,390,011$1,347,963$1,519,606
55$1,647,642$1,410,326$1,345,324$1,566,154
56$1,766,401$1,430,131$1,341,092$1,615,368
57$1,895,720$1,449,354$1,335,164$1,667,508
58$2,036,627$1,467,917$1,327,436$1,722,864
59$2,190,255$1,485,736$1,317,797$1,781,757
60$2,357,848$1,502,725$1,306,131$1,844,540
61$2,540,778$1,518,788$1,292,316$1,911,608
62$2,740,553$1,533,824$1,276,224$1,983,398
63$2,958,835$1,547,727$1,257,723$2,060,394
64$3,197,452$1,560,381$1,236,672$2,143,132
65$3,458,418$1,571,665$1,212,926$2,232,207
66$3,743,949$1,581,449$1,186,332$2,328,276
67$4,056,486$1,589,595$1,156,729$2,432,070
68$4,398,718$1,595,955$1,123,949$2,544,396
69$4,773,605$1,600,374$1,087,819$2,666,148
70$5,184,405$1,602,686$1,048,154$2,798,316
71$5,634,710$1,602,713$1,004,763$2,941,997
72$6,128,474$1,600,269$957,445$3,098,402
73$6,670,050$1,595,154$905,992$3,268,874
74$7,264,236$1,587,157$850,183$3,454,898
75$7,916,315$1,576,055$789,791$3,658,117
76$8,632,106$1,561,609$724,576$3,880,346
77$9,418,021$1,543,568$654,289$4,123,595
78$10,281,120$1,521,663$578,669$4,390,086
79$11,229,183$1,495,613$497,443$4,682,276
80$12,270,779$1,465,118$410,327$5,002,878
81$13,415,348$1,429,859$317,023$5,354,896
82$14,673,292$1,389,500$217,221$5,741,645
83$16,056,067$1,343,685$110,598$6,166,792
84$17,576,298$1,292,038$0$6,634,386
85$19,247,892$1,234,159$0$7,149,686
86$21,086,170$1,169,626$0$7,745,868
87$23,108,016$1,097,994$0$8,401,313
88$25,332,028$1,018,790$0$9,122,146
89$27,778,699$931,515$0$9,915,128
90$30,470,609$835,642$0$10,787,716
91$33,432,636$730,614$0$11,748,139
92$36,692,192$615,841$0$12,805,478
93$40,279,479$490,701$0$13,969,748
94$44,227,778$354,536$0$15,252,000
95$48,573,756$206,653$0$16,664,427
96$53,357,818$46,319$0$18,220,475
97$58,624,485$0$0$19,934,979
98$64,422,814$0$0$21,888,712
99$70,806,859$0$0$24,065,868
100$77,836,183$0$0$26,463,346