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%15%
1 years$111,482$110,489$109,520$108,574$107,651$105,434
2 years$55,189$54,161$53,165$52,199$51,262$49,039
3 years$36,427$35,395$34,401$33,445$32,523$30,363
4 years$27,048$26,019$25,035$24,095$23,196$21,115
5 years$21,422$20,399$19,428$18,507$17,633$15,638
6 years$17,673$16,657$15,701$14,800$13,952$12,044
7 years$14,996$13,989$13,048$12,168$11,347$9,527
8 years$12,989$11,991$11,065$10,208$9,413$7,681
9 years$11,429$10,440$9,531$8,695$7,927$6,281
10 years$10,181$9,203$8,309$7,495$6,755$5,193
11 years$9,161$8,193$7,315$6,523$5,809$4,330
12 years$8,312$7,353$6,492$5,721$5,034$3,635
13 years$7,594$6,645$5,800$5,051$4,390$3,069
14 years$6,979$6,040$5,211$4,484$3,848$2,603
15 years$6,446$5,518$4,705$3,999$3,388$2,216
16 years$5,981$5,063$4,266$3,580$2,994$1,892
17 years$5,571$4,662$3,882$3,217$2,655$1,620
18 years$5,206$4,308$3,544$2,899$2,361$1,390
19 years$4,881$3,993$3,244$2,620$2,104$1,195
20 years$4,588$3,710$2,977$2,373$1,880$1,029
21 years$4,324$3,456$2,738$2,153$1,682$887
22 years$4,084$3,226$2,524$1,958$1,508$766
23 years$3,865$3,017$2,330$1,783$1,353$662
24 years$3,665$2,827$2,155$1,626$1,216$572
25 years$3,481$2,653$1,996$1,485$1,095$495
26 years$3,311$2,493$1,851$1,358$986$429
27 years$3,154$2,347$1,719$1,243$889$372
28 years$3,009$2,211$1,598$1,139$802$322
29 years$2,874$2,086$1,487$1,044$724$280
30 years$2,748$1,970$1,385$958$654$243
31 years$2,631$1,862$1,291$880$592$210
32 years$2,521$1,762$1,205$809$535$183
33 years$2,418$1,669$1,125$744$484$159
34 years$2,321$1,582$1,051$684$439$138
35 years$2,230$1,500$983$630$397$120
36 years$2,144$1,424$919$580$360$104
37 years$2,063$1,352$861$535$326$90
38 years$1,987$1,285$806$493$296$78
39 years$1,914$1,222$755$454$268$68
40 years$1,846$1,163$708$419$243$59
41 years$1,781$1,107$664$387$221$52
42 years$1,719$1,054$622$357$200$45
43 years$1,660$1,004$584$329$182$39
44 years$1,604$957$548$304$165$34
45 years$1,551$913$515$281$150$29
46 years$1,500$871$484$259$136$26
47 years$1,451$831$454$240$123$22
48 years$1,405$793$427$222$112$19
49 years$1,361$758$401$205$102$17
50 years$1,318$724$377$189$92$15

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 $4,253 every year, while hoping to spend $32,541 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: 87/8/5 Blend
52$1,350,000$1,350,000$1,350,000$1,350,000
53$1,492,087$1,420,537$1,399,612$1,621,646
54$1,609,656$1,455,520$1,411,876$1,741,614
55$1,738,127$1,491,126$1,423,459$1,868,474
56$1,878,577$1,527,353$1,434,306$2,006,836
57$2,032,193$1,564,193$1,444,356$2,157,833
58$2,200,280$1,601,642$1,453,546$2,322,716
59$2,384,278$1,639,692$1,461,808$2,502,858
60$2,585,769$1,678,332$1,469,074$2,699,775
61$2,806,499$1,717,552$1,475,270$2,915,133
62$3,048,389$1,757,339$1,480,318$3,150,770
63$3,313,553$1,797,677$1,484,137$3,408,708
64$3,604,323$1,838,550$1,486,643$3,691,176
65$3,923,263$1,879,939$1,487,745$4,000,627
66$4,273,202$1,921,822$1,487,351$4,339,767
67$4,657,252$1,964,174$1,485,360$4,711,571
68$5,078,843$2,006,970$1,481,671$5,119,322
69$5,541,752$2,050,179$1,476,174$5,566,633
70$6,050,142$2,093,768$1,468,757$6,057,485
71$6,608,596$2,137,703$1,459,300$6,596,264
72$7,222,164$2,181,942$1,447,678$7,187,803
73$7,896,410$2,226,442$1,433,761$7,837,425
74$8,637,464$2,271,158$1,417,411$8,550,996
75$9,452,077$2,316,036$1,398,486$9,334,977
76$10,347,688$2,361,021$1,376,835$10,196,489
77$11,332,494$2,406,053$1,352,301$11,143,377
78$12,415,525$2,451,066$1,324,719$12,184,284
79$13,606,729$2,495,989$1,293,918$13,328,734
80$14,917,067$2,540,744$1,259,716$14,587,220
81$16,358,618$2,585,250$1,221,926$15,971,304
82$17,944,686$2,629,417$1,180,350$17,493,728
83$19,689,935$2,673,149$1,134,783$19,168,528
84$21,610,518$2,716,343$1,085,008$21,011,173
85$23,724,236$2,758,889$1,030,800$23,038,709
86$26,050,699$2,800,666$971,923$25,269,915
87$28,611,520$2,841,548$908,132$27,725,489
88$31,430,510$2,881,398$839,169$30,428,233
89$34,533,905$2,920,071$764,765$33,403,279
90$37,950,618$2,957,409$684,639$36,678,316
91$41,712,505$2,993,245$598,498$40,283,857
92$45,854,668$3,027,402$506,036$44,253,527
93$50,415,788$3,059,688$406,931$48,624,378
94$55,438,486$3,089,901$300,851$53,437,238
95$60,969,728$3,117,823$187,447$58,737,100
96$67,061,268$3,143,223$66,353$64,573,544
97$73,770,132$3,165,856$0$71,001,203
98$81,159,161$3,185,459$0$78,083,640
99$89,297,603$3,201,754$0$85,887,839
100$98,261,762$3,214,443$0$94,483,390