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%16.6%
1 years$108,179$107,215$106,275$105,357$104,461$101,647
2 years$53,554$52,556$51,590$50,653$49,743$46,929
3 years$35,348$34,346$33,382$32,454$31,559$28,832
4 years$26,247$25,248$24,294$23,381$22,508$19,889
5 years$20,787$19,795$18,853$17,959$17,110$14,606
6 years$17,149$16,164$15,236$14,362$13,539$11,152
7 years$14,551$13,574$12,661$11,808$11,011$8,742
8 years$12,604$11,636$10,738$9,905$9,135$6,982
9 years$11,090$10,131$9,248$8,437$7,693$5,655
10 years$9,880$8,930$8,063$7,273$6,554$4,629
11 years$8,890$7,950$7,098$6,329$5,637$3,821
12 years$8,066$7,135$6,300$5,552$4,885$3,175
13 years$7,369$6,448$5,628$4,901$4,260$2,652
14 years$6,772$5,861$5,057$4,351$3,734$2,224
15 years$6,255$5,354$4,566$3,880$3,288$1,873
16 years$5,804$4,913$4,140$3,474$2,906$1,581
17 years$5,406$4,524$3,767$3,122$2,576$1,338
18 years$5,052$4,181$3,439$2,813$2,291$1,135
19 years$4,736$3,875$3,148$2,542$2,042$964
20 years$4,452$3,600$2,889$2,302$1,824$820
21 years$4,196$3,354$2,657$2,089$1,632$698
22 years$3,963$3,131$2,449$1,900$1,463$596
23 years$3,750$2,928$2,261$1,730$1,313$508
24 years$3,556$2,743$2,091$1,578$1,180$434
25 years$3,377$2,574$1,937$1,441$1,062$371
26 years$3,213$2,420$1,797$1,318$957$317
27 years$3,061$2,277$1,668$1,206$863$271
28 years$2,920$2,146$1,551$1,105$778$232
29 years$2,789$2,024$1,443$1,013$703$199
30 years$2,667$1,912$1,344$930$635$170
31 years$2,553$1,807$1,253$854$574$146
32 years$2,446$1,710$1,169$785$519$125
33 years$2,346$1,619$1,092$722$470$107
34 years$2,252$1,535$1,020$664$426$92
35 years$2,164$1,456$954$611$385$78
36 years$2,081$1,382$892$563$349$67
37 years$2,002$1,312$835$519$317$58
38 years$1,928$1,247$782$478$287$49
39 years$1,858$1,186$733$441$260$42
40 years$1,791$1,128$687$407$236$36
41 years$1,728$1,074$644$375$214$31
42 years$1,668$1,023$604$346$194$27
43 years$1,611$975$567$320$176$23
44 years$1,556$929$532$295$160$20
45 years$1,505$886$500$273$145$17
46 years$1,455$845$469$252$132$14
47 years$1,408$806$441$233$120$12
48 years$1,363$770$414$215$109$11
49 years$1,320$735$389$199$99$9
50 years$1,279$702$366$184$90$8

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 $6,458 every year, while hoping to spend $45,512 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: 37/35/28 Blend
52$1,310,000$1,310,000$1,310,000$1,310,000
53$1,450,281$1,380,851$1,360,546$1,491,604
54$1,549,786$1,400,089$1,357,700$1,541,956
55$1,657,914$1,418,743$1,353,233$1,591,698
56$1,775,498$1,436,739$1,347,044$1,644,559
57$1,903,453$1,453,993$1,339,023$1,700,849
58$2,042,785$1,470,418$1,329,060$1,760,916
59$2,194,602$1,485,921$1,317,037$1,825,141
60$2,360,123$1,500,403$1,302,829$1,893,951
61$2,540,689$1,513,757$1,286,308$1,967,815
62$2,737,779$1,525,870$1,267,339$2,047,256
63$2,953,016$1,536,622$1,245,779$2,132,851
64$3,188,192$1,545,884$1,221,480$2,225,240
65$3,445,275$1,553,520$1,194,287$2,325,132
66$3,726,435$1,559,385$1,164,038$2,433,309
67$4,034,060$1,563,323$1,130,562$2,550,642
68$4,370,781$1,565,172$1,093,682$2,678,089
69$4,739,492$1,564,757$1,053,212$2,816,715
70$5,143,382$1,561,893$1,008,957$2,967,695
71$5,585,964$1,556,383$960,714$3,132,331
72$6,071,105$1,548,018$908,270$3,312,062
73$6,603,065$1,536,578$851,404$3,508,478
74$7,186,535$1,521,827$789,884$3,723,340
75$7,826,682$1,503,518$723,466$3,958,594
76$8,529,199$1,481,385$651,897$4,216,389
77$9,300,354$1,455,151$574,913$4,499,105
78$10,147,055$1,424,517$492,237$4,809,367
79$11,076,908$1,389,172$403,580$5,150,079
80$12,098,294$1,348,783$308,641$5,524,449
81$13,220,444$1,302,998$207,106$5,936,022
82$14,453,531$1,251,446$98,644$6,388,713
83$15,808,756$1,193,732$0$6,886,847
84$17,298,466$1,129,441$0$7,440,311
85$18,936,258$1,058,132$0$8,081,052
86$20,737,115$979,340$0$8,785,507
87$22,717,544$892,571$0$9,560,224
88$24,895,733$797,306$0$10,412,426
89$27,291,718$692,994$0$11,350,082
90$29,927,577$579,055$0$12,381,977
91$32,827,635$454,874$0$13,517,805
92$36,018,693$319,802$0$14,768,254
93$39,530,283$173,155$0$16,145,112
94$43,394,941$14,210$0$17,661,380
95$47,648,521$0$0$19,331,395
96$52,330,526$0$0$21,231,741
97$57,484,484$0$0$23,329,892
98$63,158,357$0$0$25,639,929
99$69,404,994$0$0$28,183,397
100$76,282,630$0$0$30,984,036