Can I retire at age 53 with 1,360,000?

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 $1,360,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$112,308$111,307$110,331$109,379$108,448$104,310
2 years$55,598$54,562$53,559$52,586$51,642$47,522
3 years$36,697$35,657$34,656$33,692$32,764$28,791
4 years$27,248$26,212$25,221$24,273$23,367$19,572
5 years$21,581$20,550$19,572$18,644$17,764$14,156
6 years$17,804$16,781$15,817$14,910$14,056$10,638
7 years$15,107$14,093$13,144$12,258$11,431$8,202
8 years$13,085$12,080$11,147$10,283$9,483$6,440
9 years$11,513$10,518$9,601$8,759$7,986$5,124
10 years$10,257$9,271$8,371$7,550$6,805$4,119
11 years$9,229$8,253$7,369$6,571$5,852$3,336
12 years$8,374$7,408$6,540$5,764$5,071$2,719
13 years$7,650$6,694$5,843$5,088$4,422$2,227
14 years$7,031$6,085$5,250$4,517$3,877$1,831
15 years$6,494$5,559$4,740$4,028$3,413$1,510
16 years$6,025$5,100$4,298$3,607$3,017$1,248
17 years$5,612$4,697$3,911$3,241$2,675$1,034
18 years$5,245$4,340$3,570$2,921$2,378$858
19 years$4,917$4,022$3,268$2,639$2,120$713
20 years$4,622$3,738$2,999$2,390$1,893$594
21 years$4,356$3,482$2,759$2,169$1,694$494
22 years$4,114$3,250$2,543$1,972$1,519$412
23 years$3,893$3,040$2,348$1,796$1,363$344
24 years$3,692$2,848$2,171$1,638$1,225$287
25 years$3,506$2,673$2,011$1,496$1,103$239
26 years$3,335$2,512$1,865$1,368$993$200
27 years$3,178$2,364$1,732$1,252$896$167
28 years$3,031$2,228$1,610$1,147$808$140
29 years$2,895$2,101$1,498$1,052$730$117
30 years$2,768$1,985$1,396$966$659$98
31 years$2,650$1,876$1,301$887$596$82
32 years$2,539$1,775$1,214$815$539$68
33 years$2,436$1,681$1,133$749$488$57
34 years$2,338$1,593$1,059$690$442$48
35 years$2,246$1,511$990$635$400$40
36 years$2,160$1,434$926$585$363$33
37 years$2,078$1,362$867$539$329$28
38 years$2,001$1,295$812$496$298$23
39 years$1,928$1,231$761$458$270$20
40 years$1,859$1,171$713$422$245$16
41 years$1,794$1,115$668$390$222$14
42 years$1,731$1,062$627$360$202$11
43 years$1,672$1,012$588$332$183$10
44 years$1,616$964$552$306$166$8
45 years$1,562$920$519$283$151$7
46 years$1,511$877$487$261$137$6
47 years$1,462$837$458$242$124$5
48 years$1,415$799$430$223$113$4
49 years$1,371$763$404$206$103$3
50 years$1,328$729$380$191$93$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,360,000, adding $3,713 every year, while hoping to spend $37,947 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: 64/7/29 Blend
52$1,360,000$1,360,000$1,360,000$1,360,000
53$1,502,550$1,430,470$1,409,390$1,586,873
54$1,615,435$1,460,188$1,416,229$1,674,187
55$1,738,562$1,490,090$1,422,026$1,765,059
56$1,872,936$1,520,145$1,426,705$1,863,543
57$2,019,664$1,550,320$1,430,187$1,970,392
58$2,179,961$1,580,578$1,432,390$2,086,438
59$2,355,169$1,610,878$1,433,227$2,212,598
60$2,546,764$1,641,178$1,432,607$2,349,881
61$2,756,368$1,671,431$1,430,435$2,499,402
62$2,985,773$1,701,586$1,426,609$2,662,388
63$3,236,947$1,731,588$1,421,026$2,840,193
64$3,512,059$1,761,380$1,413,573$3,034,310
65$3,813,498$1,790,897$1,404,137$3,246,384
66$4,143,895$1,820,071$1,392,596$3,478,230
67$4,506,147$1,848,829$1,378,823$3,731,848
68$4,903,446$1,877,094$1,362,686$4,009,443
69$5,339,306$1,904,780$1,344,044$4,313,446
70$5,817,598$1,931,797$1,322,753$4,646,537
71$6,342,588$1,958,049$1,298,659$5,011,672
72$6,918,971$1,983,433$1,271,604$5,412,108
73$7,551,923$2,007,838$1,241,419$5,851,436
74$8,247,143$2,031,146$1,207,931$6,333,615
75$9,010,911$2,053,232$1,170,956$6,863,010
76$9,850,144$2,073,960$1,130,303$7,444,434
77$10,772,462$2,093,188$1,085,771$8,083,189
78$11,786,261$2,110,762$1,037,153$8,785,123
79$12,900,791$2,126,520$984,228$9,556,683
80$14,126,241$2,140,289$926,769$10,404,975
81$15,473,838$2,151,884$864,537$11,337,831
82$16,955,952$2,161,108$797,281$12,363,887
83$18,586,211$2,167,754$724,742$13,492,660
84$20,379,629$2,171,600$646,646$14,734,644
85$22,352,752$2,172,408$562,709$16,101,403
86$24,523,807$2,169,930$472,633$17,605,686
87$26,912,878$2,163,900$376,110$19,261,547
88$29,542,095$2,154,035$272,813$21,084,475
89$32,435,842$2,140,035$162,405$23,091,544
90$35,620,985$2,121,584$44,533$25,301,574
91$39,127,128$2,098,345$0$27,735,309
92$42,986,891$2,069,960$0$30,440,757
93$47,236,217$2,036,051$0$33,434,318
94$51,914,711$1,996,217$0$36,730,098
95$57,066,014$1,950,035$0$40,358,845
96$62,738,215$1,897,053$0$44,354,440
97$68,984,300$1,836,797$0$48,754,219
98$75,862,661$1,768,762$0$53,599,325
99$83,437,636$1,692,414$0$58,935,096
100$91,780,123$1,607,191$0$64,811,491