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

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 $1,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$107,353$106,397$105,464$104,553$103,664$101,240
2 years$53,145$52,155$51,196$50,266$49,364$46,936
3 years$35,078$34,084$33,127$32,206$31,318$28,962
4 years$26,046$25,055$24,108$23,202$22,337$20,070
5 years$20,629$19,644$18,709$17,822$16,980$14,809
6 years$17,018$16,041$15,120$14,252$13,436$11,363
7 years$14,440$13,471$12,564$11,718$10,927$8,952
8 years$12,508$11,547$10,656$9,830$9,065$7,188
9 years$11,005$10,054$9,178$8,373$7,634$5,854
10 years$9,804$8,862$8,001$7,217$6,504$4,819
11 years$8,822$7,889$7,044$6,281$5,594$4,000
12 years$8,004$7,081$6,252$5,509$4,848$3,343
13 years$7,313$6,399$5,585$4,864$4,227$2,809
14 years$6,720$5,817$5,018$4,318$3,706$2,371
15 years$6,208$5,314$4,531$3,851$3,263$2,009
16 years$5,759$4,875$4,108$3,448$2,884$1,707
17 years$5,364$4,490$3,738$3,098$2,557$1,454
18 years$5,014$4,149$3,412$2,792$2,273$1,241
19 years$4,700$3,845$3,124$2,523$2,026$1,062
20 years$4,418$3,573$2,867$2,285$1,810$909
21 years$4,164$3,328$2,637$2,074$1,620$780
22 years$3,932$3,107$2,430$1,885$1,452$670
23 years$3,722$2,906$2,244$1,717$1,303$575
24 years$3,529$2,722$2,075$1,566$1,171$495
25 years$3,352$2,555$1,922$1,430$1,054$426
26 years$3,188$2,401$1,783$1,308$949$367
27 years$3,037$2,260$1,655$1,197$856$316
28 years$2,897$2,129$1,539$1,097$772$272
29 years$2,767$2,009$1,432$1,006$697$235
30 years$2,646$1,897$1,334$923$630$203
31 years$2,533$1,793$1,244$848$570$175
32 years$2,427$1,697$1,160$779$515$151
33 years$2,328$1,607$1,083$716$466$130
34 years$2,235$1,523$1,012$659$422$112
35 years$2,147$1,445$946$607$382$97
36 years$2,065$1,371$885$559$347$84
37 years$1,987$1,302$829$515$314$72
38 years$1,913$1,238$776$475$285$63
39 years$1,843$1,177$727$438$258$54
40 years$1,777$1,120$681$404$234$47
41 years$1,715$1,066$639$372$212$40
42 years$1,655$1,015$599$344$193$35
43 years$1,598$967$562$317$175$30
44 years$1,545$922$528$293$159$26
45 years$1,493$879$496$271$144$22
46 years$1,444$839$466$250$131$19
47 years$1,398$800$437$231$119$17
48 years$1,353$764$411$213$108$15
49 years$1,310$730$386$197$98$13
50 years$1,269$697$363$182$89$11

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 $2,671 every year, while hoping to spend $37,633 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: 24/47/29 Blend
52$1,300,000$1,300,000$1,300,000$1,300,000
53$1,435,355$1,366,455$1,346,305$1,456,676
54$1,541,720$1,393,370$1,351,365$1,502,043
55$1,657,673$1,420,343$1,355,333$1,547,270
56$1,784,152$1,447,336$1,358,133$1,594,944
57$1,922,190$1,474,310$1,359,685$1,645,293
58$2,072,924$1,501,221$1,359,905$1,698,572
59$2,237,604$1,528,023$1,358,704$1,755,063
60$2,417,609$1,554,666$1,355,990$1,815,077
61$2,614,455$1,581,095$1,351,666$1,878,960
62$2,829,813$1,607,251$1,345,630$1,947,094
63$3,065,520$1,633,073$1,337,775$2,019,903
64$3,323,603$1,658,493$1,327,989$2,097,856
65$3,606,289$1,683,438$1,316,156$2,181,472
66$3,916,036$1,707,832$1,302,153$2,271,325
67$4,255,547$1,731,591$1,285,850$2,368,051
68$4,627,800$1,754,626$1,267,113$2,472,354
69$5,036,076$1,776,843$1,245,802$2,585,012
70$5,483,987$1,798,140$1,221,768$2,706,888
71$5,975,514$1,818,410$1,194,858$2,838,933
72$6,515,040$1,837,535$1,164,909$2,982,203
73$7,107,393$1,855,393$1,131,752$3,137,862
74$7,757,893$1,871,853$1,095,211$3,307,199
75$8,472,398$1,886,774$1,055,101$3,491,640
76$9,257,363$1,900,006$1,011,227$3,692,761
77$10,119,900$1,911,392$963,389$3,912,303
78$11,067,841$1,920,762$911,374$4,152,191
79$12,109,817$1,927,935$854,961$4,414,554
80$13,255,336$1,932,722$793,920$4,701,743
81$14,514,873$1,934,918$728,009$5,016,355
82$15,899,968$1,934,307$656,976$5,361,261
83$17,423,338$1,930,661$580,557$5,739,632
84$19,098,990$1,923,736$498,478$6,154,972
85$20,942,362$1,913,273$410,452$6,611,148
86$22,970,458$1,898,999$316,177$7,112,435
87$25,202,017$1,880,622$215,342$7,663,550
88$27,657,686$1,857,836$107,618$8,269,705
89$30,360,212$1,830,312$0$8,936,654
90$33,334,661$1,797,704$0$9,673,019
91$36,608,652$1,759,647$0$10,519,226
92$40,212,616$1,715,752$0$11,449,797
93$44,180,086$1,665,607$0$12,473,397
94$48,548,010$1,608,777$0$13,599,581
95$53,357,101$1,544,801$0$14,838,890
96$58,652,221$1,473,192$0$16,202,947
97$64,482,803$1,393,434$0$17,704,572
98$70,903,319$1,304,982$0$19,357,899
99$77,973,790$1,207,258$0$21,178,520
100$85,760,357$1,099,654$0$23,183,624