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%18.5%
1 years$112,308$111,307$110,331$109,379$108,448$104,726
2 years$55,598$54,562$53,559$52,586$51,642$47,929
3 years$36,697$35,657$34,656$33,692$32,764$29,178
4 years$27,248$26,212$25,221$24,273$23,367$19,935
5 years$21,581$20,550$19,572$18,644$17,764$14,495
6 years$17,804$16,781$15,817$14,910$14,056$10,953
7 years$15,107$14,093$13,144$12,258$11,431$8,493
8 years$13,085$12,080$11,147$10,283$9,483$6,708
9 years$11,513$10,518$9,601$8,759$7,986$5,371
10 years$10,257$9,271$8,371$7,550$6,805$4,344
11 years$9,229$8,253$7,369$6,571$5,852$3,542
12 years$8,374$7,408$6,540$5,764$5,071$2,906
13 years$7,650$6,694$5,843$5,088$4,422$2,396
14 years$7,031$6,085$5,250$4,517$3,877$1,984
15 years$6,494$5,559$4,740$4,028$3,413$1,648
16 years$6,025$5,100$4,298$3,607$3,017$1,372
17 years$5,612$4,697$3,911$3,241$2,675$1,145
18 years$5,245$4,340$3,570$2,921$2,378$958
19 years$4,917$4,022$3,268$2,639$2,120$802
20 years$4,622$3,738$2,999$2,390$1,893$672
21 years$4,356$3,482$2,759$2,169$1,694$564
22 years$4,114$3,250$2,543$1,972$1,519$474
23 years$3,893$3,040$2,348$1,796$1,363$399
24 years$3,692$2,848$2,171$1,638$1,225$335
25 years$3,506$2,673$2,011$1,496$1,103$282
26 years$3,335$2,512$1,865$1,368$993$238
27 years$3,178$2,364$1,732$1,252$896$200
28 years$3,031$2,228$1,610$1,147$808$169
29 years$2,895$2,101$1,498$1,052$730$142
30 years$2,768$1,985$1,396$966$659$120
31 years$2,650$1,876$1,301$887$596$101
32 years$2,539$1,775$1,214$815$539$85
33 years$2,436$1,681$1,133$749$488$72
34 years$2,338$1,593$1,059$690$442$61
35 years$2,246$1,511$990$635$400$51
36 years$2,160$1,434$926$585$363$43
37 years$2,078$1,362$867$539$329$36
38 years$2,001$1,295$812$496$298$31
39 years$1,928$1,231$761$458$270$26
40 years$1,859$1,171$713$422$245$22
41 years$1,794$1,115$668$390$222$18
42 years$1,731$1,062$627$360$202$16
43 years$1,672$1,012$588$332$183$13
44 years$1,616$964$552$306$166$11
45 years$1,562$920$519$283$151$9
46 years$1,511$877$487$261$137$8
47 years$1,462$837$458$242$124$7
48 years$1,415$799$430$223$113$6
49 years$1,371$763$404$206$103$5
50 years$1,328$729$380$191$93$4

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 $2,154 every year, while hoping to spend $58,149 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: 70/14/16 Blend
52$1,360,000$1,360,000$1,360,000$1,360,000
53$1,500,942$1,428,862$1,407,782$1,600,274
54$1,592,168$1,437,006$1,393,072$1,674,769
55$1,690,750$1,443,600$1,375,921$1,749,111
56$1,797,377$1,448,507$1,356,185$1,828,988
57$1,912,807$1,451,581$1,333,715$1,914,939
58$2,037,871$1,452,667$1,308,352$2,007,559
59$2,173,486$1,451,600$1,279,934$2,107,500
60$2,320,657$1,448,204$1,248,288$2,215,487
61$2,480,493$1,442,294$1,213,234$2,332,316
62$2,654,210$1,433,674$1,174,584$2,458,867
63$2,843,149$1,422,133$1,132,142$2,596,110
64$3,048,783$1,407,451$1,085,702$2,745,116
65$3,272,734$1,389,391$1,035,048$2,907,066
66$3,516,787$1,367,705$979,956$3,083,263
67$3,782,906$1,342,129$920,191$3,275,144
68$4,073,252$1,312,383$855,508$3,484,297
69$4,390,205$1,278,171$785,648$3,712,470
70$4,736,384$1,239,180$710,345$3,961,593
71$5,114,672$1,195,076$629,319$4,233,796
72$5,528,243$1,145,510$542,276$4,531,429
73$5,980,593$1,090,109$448,911$4,857,081
74$6,475,569$1,028,479$348,905$5,213,611
75$7,017,409$960,207$241,925$5,604,173
76$7,610,778$884,851$127,623$6,032,243
77$8,260,816$801,946$5,636$6,501,657
78$8,973,179$711,002$0$7,016,646
79$9,754,102$611,499$0$7,603,138
80$10,610,446$502,889$0$8,247,426
81$11,549,773$384,592$0$8,954,292
82$12,580,409$255,996$0$9,730,071
83$13,711,525$116,454$0$10,581,741
84$14,953,224$0$0$11,516,995
85$16,316,635$0$0$12,549,660
86$17,814,016$0$0$13,703,575
87$19,458,873$0$0$14,971,216
88$21,266,081$0$0$16,364,056
89$23,252,030$0$0$17,894,739
90$25,434,776$0$0$19,577,190
91$27,834,210$0$0$21,426,752
92$30,472,245$0$0$23,460,329
93$33,373,028$0$0$25,696,545
94$36,563,157$0$0$28,155,918
95$40,071,942$0$0$30,861,053
96$43,931,671$0$0$33,836,860
97$48,177,924$0$0$37,110,780
98$52,849,898$0$0$40,713,050
99$57,990,786$0$0$44,676,987
100$63,648,175$0$0$49,039,298