Can I retire at age 53 with 1,350,000?

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 $1,350,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$111,482$110,489$109,520$108,574$107,651$103,790
2 years$55,189$54,161$53,165$52,199$51,262$47,414
3 years$36,427$35,395$34,401$33,445$32,523$28,809
4 years$27,048$26,019$25,035$24,095$23,196$19,644
5 years$21,422$20,399$19,428$18,507$17,633$14,252
6 years$17,673$16,657$15,701$14,800$13,952$10,746
7 years$14,996$13,989$13,048$12,168$11,347$8,314
8 years$12,989$11,991$11,065$10,208$9,413$6,551
9 years$11,429$10,440$9,531$8,695$7,927$5,232
10 years$10,181$9,203$8,309$7,495$6,755$4,221
11 years$9,161$8,193$7,315$6,523$5,809$3,433
12 years$8,312$7,353$6,492$5,721$5,034$2,809
13 years$7,594$6,645$5,800$5,051$4,390$2,310
14 years$6,979$6,040$5,211$4,484$3,848$1,907
15 years$6,446$5,518$4,705$3,999$3,388$1,580
16 years$5,981$5,063$4,266$3,580$2,994$1,312
17 years$5,571$4,662$3,882$3,217$2,655$1,092
18 years$5,206$4,308$3,544$2,899$2,361$910
19 years$4,881$3,993$3,244$2,620$2,104$760
20 years$4,588$3,710$2,977$2,373$1,880$635
21 years$4,324$3,456$2,738$2,153$1,682$531
22 years$4,084$3,226$2,524$1,958$1,508$445
23 years$3,865$3,017$2,330$1,783$1,353$373
24 years$3,665$2,827$2,155$1,626$1,216$313
25 years$3,481$2,653$1,996$1,485$1,095$262
26 years$3,311$2,493$1,851$1,358$986$220
27 years$3,154$2,347$1,719$1,243$889$185
28 years$3,009$2,211$1,598$1,139$802$155
29 years$2,874$2,086$1,487$1,044$724$130
30 years$2,748$1,970$1,385$958$654$110
31 years$2,631$1,862$1,291$880$592$92
32 years$2,521$1,762$1,205$809$535$77
33 years$2,418$1,669$1,125$744$484$65
34 years$2,321$1,582$1,051$684$439$55
35 years$2,230$1,500$983$630$397$46
36 years$2,144$1,424$919$580$360$39
37 years$2,063$1,352$861$535$326$32
38 years$1,987$1,285$806$493$296$27
39 years$1,914$1,222$755$454$268$23
40 years$1,846$1,163$708$419$243$19
41 years$1,781$1,107$664$387$221$16
42 years$1,719$1,054$622$357$200$14
43 years$1,660$1,004$584$329$182$11
44 years$1,604$957$548$304$165$10
45 years$1,551$913$515$281$150$8
46 years$1,500$871$484$259$136$7
47 years$1,451$831$454$240$123$6
48 years$1,405$793$427$222$112$5
49 years$1,361$758$401$205$102$4
50 years$1,318$724$377$189$92$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,350,000, adding $5,072 every year, while hoping to spend $42,094 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: 55/30/15 Blend
52$1,350,000$1,350,000$1,350,000$1,350,000
53$1,492,932$1,421,382$1,400,457$1,568,884
54$1,600,423$1,446,242$1,402,584$1,645,980
55$1,717,468$1,470,909$1,403,372$1,724,913
56$1,844,996$1,495,330$1,402,732$1,809,904
57$1,984,030$1,519,446$1,400,568$1,901,541
58$2,135,698$1,543,196$1,396,784$2,000,472
59$2,301,239$1,566,512$1,391,276$2,107,411
60$2,482,018$1,589,323$1,383,936$2,223,146
61$2,679,536$1,611,553$1,374,651$2,348,547
62$2,895,449$1,633,119$1,363,301$2,484,572
63$3,131,577$1,653,934$1,349,764$2,632,278
64$3,389,924$1,673,903$1,333,908$2,792,830
65$3,672,699$1,692,927$1,315,596$2,967,514
66$3,982,333$1,710,899$1,294,687$3,157,748
67$4,321,503$1,727,705$1,271,031$3,365,096
68$4,693,156$1,743,223$1,244,471$3,591,281
69$5,100,541$1,757,323$1,214,843$3,838,206
70$5,547,232$1,769,868$1,181,976$4,107,968
71$6,037,168$1,780,710$1,145,691$4,402,881
72$6,574,687$1,789,693$1,105,800$4,725,496
73$7,164,568$1,796,651$1,062,107$5,078,626
74$7,812,073$1,801,406$1,014,407$5,465,373
75$8,523,001$1,803,771$962,486$5,889,161
76$9,303,737$1,803,546$906,119$6,353,761
77$10,161,318$1,800,519$845,073$6,863,336
78$11,103,492$1,794,464$779,103$7,422,473
79$12,138,798$1,785,143$707,953$8,036,234
80$13,276,642$1,772,301$631,356$8,710,198
81$14,527,387$1,755,671$549,033$9,450,518
82$15,902,447$1,734,966$460,693$10,263,979
83$17,414,402$1,709,885$366,032$11,158,062
84$19,077,109$1,680,107$264,731$12,141,016
85$20,905,834$1,645,292$156,460$13,221,936
86$22,917,399$1,605,081$40,871$14,410,853
87$25,130,338$1,559,094$0$15,718,822
88$27,565,070$1,506,928$0$17,171,237
89$30,244,096$1,448,156$0$18,776,178
90$33,192,205$1,382,326$0$20,541,980
91$36,436,712$1,308,963$0$22,485,047
92$40,007,714$1,227,559$0$24,623,461
93$43,938,374$1,137,583$0$26,977,156
94$48,265,232$1,038,469$0$29,568,098
95$53,028,551$929,620$0$32,420,505
96$58,272,698$810,405$0$35,561,067
97$64,046,558$680,160$0$39,019,204
98$70,403,997$538,178$0$42,827,343
99$77,404,374$383,717$0$47,021,225
100$85,113,092$215,992$0$51,640,245