Can I retire at age 53 with 1,310,000?

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 $1,310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$108,179$107,215$106,275$105,357$104,461$103,242
2 years$53,554$52,556$51,590$50,653$49,743$48,516
3 years$35,348$34,346$33,382$32,454$31,559$30,362
4 years$26,247$25,248$24,294$23,381$22,508$21,350
5 years$20,787$19,795$18,853$17,959$17,110$15,995
6 years$17,149$16,164$15,236$14,362$13,539$12,468
7 years$14,551$13,574$12,661$11,808$11,011$9,984
8 years$12,604$11,636$10,738$9,905$9,135$8,152
9 years$11,090$10,131$9,248$8,437$7,693$6,754
10 years$9,880$8,930$8,063$7,273$6,554$5,660
11 years$8,890$7,950$7,098$6,329$5,637$4,785
12 years$8,066$7,135$6,300$5,552$4,885$4,074
13 years$7,369$6,448$5,628$4,901$4,260$3,490
14 years$6,772$5,861$5,057$4,351$3,734$3,004
15 years$6,255$5,354$4,566$3,880$3,288$2,596
16 years$5,804$4,913$4,140$3,474$2,906$2,251
17 years$5,406$4,524$3,767$3,122$2,576$1,958
18 years$5,052$4,181$3,439$2,813$2,291$1,707
19 years$4,736$3,875$3,148$2,542$2,042$1,492
20 years$4,452$3,600$2,889$2,302$1,824$1,306
21 years$4,196$3,354$2,657$2,089$1,632$1,145
22 years$3,963$3,131$2,449$1,900$1,463$1,005
23 years$3,750$2,928$2,261$1,730$1,313$883
24 years$3,556$2,743$2,091$1,578$1,180$777
25 years$3,377$2,574$1,937$1,441$1,062$684
26 years$3,213$2,420$1,797$1,318$957$603
27 years$3,061$2,277$1,668$1,206$863$532
28 years$2,920$2,146$1,551$1,105$778$469
29 years$2,789$2,024$1,443$1,013$703$414
30 years$2,667$1,912$1,344$930$635$366
31 years$2,553$1,807$1,253$854$574$324
32 years$2,446$1,710$1,169$785$519$286
33 years$2,346$1,619$1,092$722$470$253
34 years$2,252$1,535$1,020$664$426$224
35 years$2,164$1,456$954$611$385$198
36 years$2,081$1,382$892$563$349$175
37 years$2,002$1,312$835$519$317$155
38 years$1,928$1,247$782$478$287$137
39 years$1,858$1,186$733$441$260$122
40 years$1,791$1,128$687$407$236$108
41 years$1,728$1,074$644$375$214$95
42 years$1,668$1,023$604$346$194$84
43 years$1,611$975$567$320$176$75
44 years$1,556$929$532$295$160$66
45 years$1,505$886$500$273$145$59
46 years$1,455$845$469$252$132$52
47 years$1,408$806$441$233$120$46
48 years$1,363$770$414$215$109$41
49 years$1,320$735$389$199$99$36
50 years$1,279$702$366$184$90$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,310,000, adding $3,443 every year, while hoping to spend $28,844 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: 42/42/16 Blend
52$1,310,000$1,310,000$1,310,000$1,310,000
53$1,447,171$1,377,741$1,357,436$1,501,036
54$1,564,093$1,414,561$1,372,221$1,576,173
55$1,691,974$1,452,218$1,386,534$1,654,386
56$1,831,902$1,490,723$1,400,329$1,738,464
57$1,985,073$1,530,086$1,413,558$1,828,959
58$2,152,808$1,570,317$1,426,168$1,926,477
59$2,336,556$1,611,425$1,438,107$2,031,684
60$2,537,919$1,653,418$1,449,317$2,145,315
61$2,758,655$1,696,305$1,459,739$2,268,179
62$3,000,706$1,740,091$1,469,308$2,401,166
63$3,266,207$1,784,785$1,477,958$2,545,257
64$3,557,511$1,830,390$1,485,621$2,701,532
65$3,877,209$1,876,912$1,492,222$2,871,180
66$4,228,158$1,924,353$1,497,684$3,055,512
67$4,613,500$1,972,717$1,501,927$3,255,970
68$5,036,700$2,022,003$1,504,865$3,474,144
69$5,501,575$2,072,213$1,506,409$3,711,785
70$6,012,327$2,123,343$1,506,465$3,970,824
71$6,573,589$2,175,391$1,504,936$4,253,386
72$7,190,461$2,228,351$1,501,717$4,561,812
73$7,868,564$2,282,216$1,496,701$4,898,685
74$8,614,092$2,336,979$1,489,774$5,266,846
75$9,433,865$2,392,627$1,480,818$5,669,431
76$10,335,402$2,449,148$1,469,708$6,109,890
77$11,326,982$2,506,526$1,456,312$6,592,029
78$12,417,731$2,564,742$1,440,495$7,120,040
79$13,617,701$2,623,776$1,422,113$7,698,544
80$14,937,969$2,683,603$1,401,017$8,332,631
81$16,390,739$2,744,197$1,377,048$9,027,913
82$17,989,458$2,805,527$1,350,043$9,790,573
83$19,748,943$2,867,557$1,319,829$10,627,425
84$21,685,519$2,930,251$1,286,227$11,545,978
85$23,817,174$2,993,566$1,249,048$12,554,510
86$26,163,730$3,057,455$1,208,095$13,662,139
87$28,747,026$3,121,866$1,163,162$14,878,920
88$31,591,129$3,186,743$1,114,034$16,215,929
89$34,722,554$3,252,024$1,060,485$17,685,376
90$38,170,523$3,317,642$1,002,280$19,300,715
91$41,967,232$3,383,522$939,172$21,076,777
92$46,148,160$3,449,585$870,904$23,029,905
93$50,752,401$3,515,743$797,208$25,178,109
94$55,823,035$3,581,903$717,803$27,541,242
95$61,407,530$3,647,962$632,395$30,141,181
96$67,558,196$3,713,810$540,678$33,002,038
97$74,332,674$3,779,328$442,333$36,150,385
98$81,794,479$3,844,389$337,024$39,615,510
99$90,013,605$3,908,853$224,403$43,429,689
100$99,067,179$3,972,572$104,107$47,628,495