Can I retire at age 53 with 1,330,000?

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 $1,330,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$109,830$108,852$107,897$106,966$106,056$101,969
2 years$54,371$53,359$52,377$51,426$50,503$46,434
3 years$35,888$34,871$33,892$32,949$32,041$28,118
4 years$26,647$25,634$24,664$23,738$22,852$19,105
5 years$21,105$20,097$19,141$18,233$17,372$13,811
6 years$17,411$16,411$15,468$14,581$13,746$10,373
7 years$14,773$13,782$12,854$11,988$11,179$7,993
8 years$12,796$11,813$10,902$10,056$9,274$6,272
9 years$11,259$10,286$9,389$8,566$7,810$4,988
10 years$10,030$9,066$8,186$7,384$6,655$4,006
11 years$9,026$8,071$7,207$6,426$5,723$3,243
12 years$8,189$7,244$6,396$5,637$4,960$2,642
13 years$7,481$6,547$5,714$4,976$4,325$2,162
14 years$6,876$5,951$5,134$4,417$3,791$1,776
15 years$6,351$5,436$4,636$3,939$3,338$1,464
16 years$5,892$4,988$4,203$3,527$2,950$1,209
17 years$5,488$4,593$3,824$3,169$2,616$1,001
18 years$5,129$4,244$3,491$2,856$2,326$830
19 years$4,809$3,934$3,196$2,581$2,073$690
20 years$4,520$3,655$2,933$2,337$1,852$573
21 years$4,260$3,405$2,698$2,121$1,657$477
22 years$4,023$3,178$2,487$1,929$1,485$397
23 years$3,808$2,973$2,296$1,757$1,333$331
24 years$3,610$2,785$2,123$1,602$1,198$276
25 years$3,429$2,614$1,967$1,463$1,078$230
26 years$3,262$2,457$1,824$1,338$971$192
27 years$3,107$2,312$1,694$1,225$876$160
28 years$2,964$2,178$1,574$1,122$790$134
29 years$2,831$2,055$1,465$1,029$714$112
30 years$2,707$1,941$1,365$944$645$94
31 years$2,592$1,835$1,272$867$583$78
32 years$2,483$1,736$1,187$797$527$65
33 years$2,382$1,644$1,108$733$477$55
34 years$2,287$1,558$1,036$674$432$46
35 years$2,197$1,478$968$621$391$38
36 years$2,112$1,403$906$572$355$32
37 years$2,033$1,332$848$527$321$27
38 years$1,957$1,266$794$486$291$22
39 years$1,886$1,204$744$448$264$19
40 years$1,818$1,146$697$413$240$16
41 years$1,754$1,090$654$381$217$13
42 years$1,693$1,038$613$352$197$11
43 years$1,635$989$575$325$179$9
44 years$1,580$943$540$300$163$8
45 years$1,528$899$507$277$148$6
46 years$1,478$858$476$256$134$5
47 years$1,430$819$448$236$122$4
48 years$1,384$782$421$218$110$4
49 years$1,340$746$395$202$100$3
50 years$1,299$713$372$186$91$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,330,000, adding $6,330 every year, while hoping to spend $22,922 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: 67/19/14 Blend
52$1,330,000$1,330,000$1,330,000$1,330,000
53$1,472,189$1,401,699$1,381,084$1,565,640
54$1,597,964$1,445,994$1,402,962$1,673,044
55$1,735,799$1,491,690$1,424,804$1,787,145
56$1,886,901$1,538,834$1,446,585$1,911,323
57$2,052,598$1,587,470$1,468,279$2,046,563
58$2,234,353$1,637,646$1,489,856$2,193,952
59$2,433,777$1,689,410$1,511,287$2,354,685
60$2,652,646$1,742,815$1,532,538$2,530,076
61$2,892,913$1,797,910$1,553,576$2,721,577
62$3,156,733$1,854,751$1,574,364$2,930,781
63$3,446,479$1,913,392$1,594,863$3,159,447
64$3,764,763$1,973,892$1,615,034$3,409,509
65$4,114,464$2,036,308$1,634,833$3,683,098
66$4,498,754$2,100,702$1,654,215$3,982,563
67$4,921,127$2,167,136$1,673,131$4,310,488
68$5,385,432$2,235,676$1,691,532$4,669,720
69$5,895,911$2,306,389$1,709,362$5,063,398
70$6,457,235$2,379,343$1,726,567$5,494,977
71$7,074,552$2,454,610$1,743,087$5,968,263
72$7,753,534$2,532,264$1,758,858$6,487,448
73$8,500,430$2,612,380$1,773,814$7,057,154
74$9,322,124$2,695,036$1,787,887$7,682,468
75$10,226,202$2,780,315$1,801,003$8,368,997
76$11,221,023$2,868,298$1,813,085$9,122,919
77$12,315,795$2,959,073$1,824,052$9,951,037
78$13,520,667$3,052,728$1,833,818$10,860,851
79$14,846,818$3,149,355$1,842,294$11,860,619
80$16,306,568$3,249,048$1,849,386$12,959,445
81$17,913,493$3,351,906$1,854,994$14,167,355
82$19,682,548$3,458,029$1,859,016$15,495,399
83$21,630,217$3,567,521$1,861,342$16,955,751
84$23,774,659$3,680,490$1,861,857$18,561,824
85$26,135,887$3,797,046$1,860,442$20,328,399
86$28,735,950$3,917,304$1,856,969$22,271,762
87$31,599,147$4,041,383$1,851,308$24,409,857
88$34,752,253$4,169,403$1,843,319$26,762,456
89$38,224,770$4,301,491$1,832,858$29,351,349
90$42,049,209$4,437,776$1,819,771$32,200,542
91$46,261,394$4,578,394$1,803,900$35,336,490
92$50,900,802$4,723,481$1,785,076$38,788,344
93$56,010,934$4,873,181$1,763,126$42,588,224
94$61,639,723$5,027,641$1,737,864$46,771,527
95$67,839,993$5,187,013$1,709,101$51,377,256
96$74,669,950$5,351,455$1,676,634$56,448,389
97$82,193,737$5,521,128$1,640,253$62,032,288
98$90,482,035$5,696,200$1,599,738$68,181,142
99$99,612,732$5,876,843$1,554,859$74,952,458
100$109,671,658$6,063,236$1,505,374$82,409,611