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%13.2%
1 years$109,830$108,852$107,897$106,966$106,056$104,644
2 years$54,371$53,359$52,377$51,426$50,503$49,083
3 years$35,888$34,871$33,892$32,949$32,041$30,657
4 years$26,647$25,634$24,664$23,738$22,852$21,514
5 years$21,105$20,097$19,141$18,233$17,372$16,084
6 years$17,411$16,411$15,468$14,581$13,746$12,510
7 years$14,773$13,782$12,854$11,988$11,179$9,996
8 years$12,796$11,813$10,902$10,056$9,274$8,143
9 years$11,259$10,286$9,389$8,566$7,810$6,731
10 years$10,030$9,066$8,186$7,384$6,655$5,626
11 years$9,026$8,071$7,207$6,426$5,723$4,745
12 years$8,189$7,244$6,396$5,637$4,960$4,030
13 years$7,481$6,547$5,714$4,976$4,325$3,443
14 years$6,876$5,951$5,134$4,417$3,791$2,956
15 years$6,351$5,436$4,636$3,939$3,338$2,547
16 years$5,892$4,988$4,203$3,527$2,950$2,203
17 years$5,488$4,593$3,824$3,169$2,616$1,911
18 years$5,129$4,244$3,491$2,856$2,326$1,661
19 years$4,809$3,934$3,196$2,581$2,073$1,447
20 years$4,520$3,655$2,933$2,337$1,852$1,263
21 years$4,260$3,405$2,698$2,121$1,657$1,104
22 years$4,023$3,178$2,487$1,929$1,485$966
23 years$3,808$2,973$2,296$1,757$1,333$847
24 years$3,610$2,785$2,123$1,602$1,198$743
25 years$3,429$2,614$1,967$1,463$1,078$652
26 years$3,262$2,457$1,824$1,338$971$573
27 years$3,107$2,312$1,694$1,225$876$503
28 years$2,964$2,178$1,574$1,122$790$443
29 years$2,831$2,055$1,465$1,029$714$390
30 years$2,707$1,941$1,365$944$645$343
31 years$2,592$1,835$1,272$867$583$302
32 years$2,483$1,736$1,187$797$527$266
33 years$2,382$1,644$1,108$733$477$235
34 years$2,287$1,558$1,036$674$432$207
35 years$2,197$1,478$968$621$391$183
36 years$2,112$1,403$906$572$355$161
37 years$2,033$1,332$848$527$321$142
38 years$1,957$1,266$794$486$291$125
39 years$1,886$1,204$744$448$264$111
40 years$1,818$1,146$697$413$240$98
41 years$1,754$1,090$654$381$217$86
42 years$1,693$1,038$613$352$197$76
43 years$1,635$989$575$325$179$67
44 years$1,580$943$540$300$163$59
45 years$1,528$899$507$277$148$52
46 years$1,478$858$476$256$134$46
47 years$1,430$819$448$236$122$41
48 years$1,384$782$421$218$110$36
49 years$1,340$746$395$202$100$32
50 years$1,299$713$372$186$91$28

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 $3,603 every year, while hoping to spend $51,790 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: 53/31/16 Blend
52$1,330,000$1,330,000$1,330,000$1,330,000
53$1,469,376$1,398,886$1,378,271$1,540,742
54$1,564,149$1,412,328$1,369,339$1,603,377
55$1,666,852$1,424,692$1,358,372$1,665,698
56$1,778,240$1,435,871$1,345,247$1,732,355
57$1,899,144$1,445,752$1,329,836$1,803,772
58$2,030,474$1,454,211$1,312,003$1,880,421
59$2,173,235$1,461,120$1,291,608$1,962,823
60$2,328,531$1,466,341$1,268,503$2,051,553
61$2,497,576$1,469,727$1,242,532$2,147,248
62$2,681,707$1,471,122$1,213,535$2,250,611
63$2,882,395$1,470,360$1,181,343$2,362,420
64$3,101,258$1,467,267$1,145,777$2,483,533
65$3,340,079$1,461,655$1,106,652$2,614,901
66$3,600,817$1,453,327$1,063,776$2,757,572
67$3,885,633$1,442,072$1,016,944$2,912,705
68$4,196,902$1,427,668$965,946$3,081,581
69$4,537,241$1,409,879$910,561$3,265,616
70$4,909,530$1,388,454$850,555$3,466,372
71$5,316,942$1,363,128$785,689$3,685,576
72$5,762,969$1,333,620$715,708$3,925,134
73$6,251,458$1,299,633$640,350$4,187,154
74$6,786,643$1,260,852$559,339$4,473,960
75$7,373,189$1,216,942$472,385$4,788,122
76$8,016,234$1,167,552$379,190$5,132,475
77$8,721,436$1,112,308$279,438$5,510,151
78$9,495,025$1,050,814$172,803$5,924,608
79$10,343,867$982,653$58,941$6,379,662
80$11,275,522$907,384$0$6,879,526
81$12,298,318$824,538$0$7,439,534
82$13,421,429$733,623$0$8,065,569
83$14,654,961$634,116$0$8,753,292
84$16,010,046$525,467$0$9,509,024
85$17,498,948$407,093$0$10,339,739
86$19,135,179$278,378$0$11,253,127
87$20,933,622$138,674$0$12,257,671
88$22,910,677$0$0$13,362,724
89$25,084,408$0$0$14,582,936
90$27,474,721$0$0$15,976,884
91$30,103,544$0$0$17,510,069
92$32,995,038$0$0$19,196,601
93$36,175,825$0$0$21,052,025
94$39,675,233$0$0$23,093,469
95$43,525,579$0$0$25,339,806
96$47,762,470$0$0$27,811,830
97$52,425,139$0$0$30,532,452
98$57,556,813$0$0$33,526,918
99$63,205,123$0$0$36,823,044
100$69,422,553$0$0$40,451,481