Can I retire at age 53 with 1,370,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,370,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$113,133$112,126$111,142$110,183$109,246$108,060
2 years$56,007$54,964$53,953$52,972$52,022$50,828
3 years$36,967$35,919$34,911$33,940$33,005$31,840
4 years$27,449$26,404$25,406$24,452$23,539$22,412
5 years$21,740$20,701$19,716$18,781$17,894$16,808
6 years$17,935$16,904$15,934$15,020$14,159$13,116
7 years$15,218$14,196$13,241$12,348$11,515$10,515
8 years$13,181$12,169$11,229$10,359$9,553$8,595
9 years$11,598$10,595$9,672$8,823$8,045$7,130
10 years$10,332$9,339$8,432$7,606$6,855$5,981
11 years$9,297$8,314$7,424$6,619$5,895$5,063
12 years$8,435$7,462$6,588$5,806$5,109$4,317
13 years$7,706$6,744$5,886$5,126$4,455$3,703
14 years$7,082$6,130$5,289$4,550$3,905$3,191
15 years$6,542$5,600$4,775$4,058$3,438$2,762
16 years$6,070$5,138$4,329$3,633$3,039$2,398
17 years$5,653$4,732$3,939$3,265$2,694$2,089
18 years$5,284$4,372$3,596$2,942$2,396$1,824
19 years$4,953$4,052$3,292$2,658$2,135$1,596
20 years$4,656$3,765$3,021$2,408$1,907$1,399
21 years$4,388$3,507$2,779$2,185$1,707$1,228
22 years$4,144$3,274$2,561$1,987$1,530$1,080
23 years$3,922$3,062$2,365$1,809$1,373$951
24 years$3,719$2,869$2,187$1,650$1,234$838
25 years$3,532$2,692$2,026$1,507$1,111$739
26 years$3,360$2,530$1,879$1,378$1,001$652
27 years$3,201$2,381$1,745$1,261$902$576
28 years$3,053$2,244$1,622$1,156$814$509
29 years$2,916$2,117$1,509$1,060$735$450
30 years$2,789$1,999$1,406$973$664$398
31 years$2,670$1,890$1,311$893$600$353
32 years$2,558$1,788$1,223$821$543$312
33 years$2,453$1,693$1,142$755$492$277
34 years$2,355$1,605$1,067$695$445$245
35 years$2,263$1,522$997$639$403$217
36 years$2,176$1,445$933$589$365$193
37 years$2,094$1,372$873$543$331$171
38 years$2,016$1,304$818$500$300$151
39 years$1,943$1,240$766$461$272$134
40 years$1,873$1,180$718$425$247$119
41 years$1,807$1,123$673$392$224$106
42 years$1,744$1,070$632$362$203$94
43 years$1,685$1,019$593$334$184$83
44 years$1,628$972$556$309$167$74
45 years$1,574$926$522$285$152$66
46 years$1,522$884$491$263$138$58
47 years$1,473$843$461$243$125$52
48 years$1,426$805$433$225$114$46
49 years$1,381$769$407$208$103$41
50 years$1,338$734$383$192$94$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,370,000, adding $2,369 every year, while hoping to spend $41,994 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: 48/36/16 Blend
52$1,370,000$1,370,000$1,370,000$1,370,000
53$1,512,184$1,439,574$1,418,339$1,577,886
54$1,621,745$1,465,431$1,421,172$1,649,464
55$1,741,074$1,491,149$1,422,692$1,722,649
56$1,871,123$1,516,675$1,422,812$1,801,204
57$2,012,940$1,541,954$1,421,438$1,885,646
58$2,167,677$1,566,927$1,418,473$1,976,547
59$2,336,604$1,591,530$1,413,816$2,074,538
60$2,521,118$1,615,695$1,407,359$2,180,315
61$2,722,757$1,639,349$1,398,991$2,294,645
62$2,943,214$1,662,413$1,388,593$2,418,375
63$3,184,355$1,684,804$1,376,044$2,552,439
64$3,448,231$1,706,431$1,361,213$2,697,867
65$3,737,103$1,727,199$1,343,966$2,855,798
66$4,053,460$1,747,005$1,324,162$3,027,486
67$4,400,044$1,765,739$1,301,652$3,214,314
68$4,779,873$1,783,285$1,276,282$3,417,811
69$5,196,272$1,799,517$1,247,889$3,639,660
70$5,652,902$1,814,304$1,216,304$3,881,722
71$6,153,797$1,827,504$1,181,349$4,146,046
72$6,703,398$1,838,966$1,142,839$4,434,895
73$7,306,599$1,848,530$1,100,578$4,750,765
74$7,968,790$1,856,025$1,054,365$5,096,409
75$8,695,907$1,861,271$1,003,986$5,474,863
76$9,494,490$1,864,074$949,221$5,889,478
77$10,371,744$1,864,229$889,836$6,343,950
78$11,335,606$1,861,520$825,589$6,842,354
79$12,394,819$1,855,716$756,227$7,389,187
80$13,559,015$1,846,571$681,486$7,989,408
81$14,838,807$1,833,826$601,088$8,648,486
82$16,245,886$1,817,204$514,746$9,372,454
83$17,793,134$1,796,414$422,156$10,167,965
84$19,494,740$1,771,145$323,006$11,042,358
85$21,366,342$1,741,070$216,965$12,003,725
86$23,425,166$1,705,839$103,690$13,060,990
87$25,690,194$1,665,086$0$14,223,995
88$28,182,337$1,618,418$0$15,506,529
89$30,924,638$1,565,424$0$16,936,707
90$33,942,488$1,505,666$0$18,510,072
91$37,263,859$1,438,681$0$20,241,247
92$40,919,576$1,363,980$0$22,146,351
93$44,943,602$1,281,044$0$24,243,153
94$49,373,361$1,189,327$0$26,551,242
95$54,250,090$1,088,250$0$29,092,211
96$59,619,225$977,200$0$31,889,863
97$65,530,834$855,531$0$34,970,436
98$72,040,086$722,559$0$38,362,856
99$79,207,773$577,563$0$42,099,005
100$87,100,881$419,779$0$46,214,027