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

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 $1,370,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$113,133$112,126$111,142$110,183$109,246$107,925
2 years$56,007$54,964$53,953$52,972$52,022$50,693
3 years$36,967$35,919$34,911$33,940$33,005$31,709
4 years$27,449$26,404$25,406$24,452$23,539$22,286
5 years$21,740$20,701$19,716$18,781$17,894$16,688
6 years$17,935$16,904$15,934$15,020$14,159$13,000
7 years$15,218$14,196$13,241$12,348$11,515$10,405
8 years$13,181$12,169$11,229$10,359$9,553$8,491
9 years$11,598$10,595$9,672$8,823$8,045$7,031
10 years$10,332$9,339$8,432$7,606$6,855$5,888
11 years$9,297$8,314$7,424$6,619$5,895$4,975
12 years$8,435$7,462$6,588$5,806$5,109$4,233
13 years$7,706$6,744$5,886$5,126$4,455$3,624
14 years$7,082$6,130$5,289$4,550$3,905$3,117
15 years$6,542$5,600$4,775$4,058$3,438$2,692
16 years$6,070$5,138$4,329$3,633$3,039$2,333
17 years$5,653$4,732$3,939$3,265$2,694$2,027
18 years$5,284$4,372$3,596$2,942$2,396$1,766
19 years$4,953$4,052$3,292$2,658$2,135$1,542
20 years$4,656$3,765$3,021$2,408$1,907$1,349
21 years$4,388$3,507$2,779$2,185$1,707$1,182
22 years$4,144$3,274$2,561$1,987$1,530$1,037
23 years$3,922$3,062$2,365$1,809$1,373$910
24 years$3,719$2,869$2,187$1,650$1,234$800
25 years$3,532$2,692$2,026$1,507$1,111$704
26 years$3,360$2,530$1,879$1,378$1,001$620
27 years$3,201$2,381$1,745$1,261$902$547
28 years$3,053$2,244$1,622$1,156$814$482
29 years$2,916$2,117$1,509$1,060$735$425
30 years$2,789$1,999$1,406$973$664$375
31 years$2,670$1,890$1,311$893$600$331
32 years$2,558$1,788$1,223$821$543$293
33 years$2,453$1,693$1,142$755$492$259
34 years$2,355$1,605$1,067$695$445$229
35 years$2,263$1,522$997$639$403$202
36 years$2,176$1,445$933$589$365$179
37 years$2,094$1,372$873$543$331$158
38 years$2,016$1,304$818$500$300$140
39 years$1,943$1,240$766$461$272$124
40 years$1,873$1,180$718$425$247$109
41 years$1,807$1,123$673$392$224$97
42 years$1,744$1,070$632$362$203$86
43 years$1,685$1,019$593$334$184$76
44 years$1,628$972$556$309$167$67
45 years$1,574$926$522$285$152$59
46 years$1,522$884$491$263$138$53
47 years$1,473$843$461$243$125$47
48 years$1,426$805$433$225$114$41
49 years$1,381$769$407$208$103$37
50 years$1,338$734$383$192$94$32

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 $6,050 every year, while hoping to spend $53,572 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: 29/42/29 Blend
52$1,370,000$1,370,000$1,370,000$1,370,000
53$1,515,981$1,443,371$1,422,136$1,546,259
54$1,613,610$1,457,096$1,412,777$1,584,488
55$1,719,403$1,469,698$1,401,309$1,620,520
56$1,834,134$1,481,065$1,387,605$1,658,198
57$1,958,658$1,491,079$1,371,532$1,697,702
58$2,093,912$1,499,613$1,352,950$1,739,235
59$2,240,930$1,506,533$1,331,712$1,783,024
60$2,400,847$1,511,695$1,307,666$1,829,323
61$2,574,912$1,514,947$1,280,652$1,878,417
62$2,764,501$1,516,128$1,250,502$1,930,623
63$2,971,128$1,515,065$1,217,041$1,986,298
64$3,196,456$1,511,577$1,180,086$2,045,837
65$3,442,320$1,505,469$1,139,444$2,109,685
66$3,710,737$1,496,537$1,094,915$2,178,336
67$4,003,926$1,484,562$1,046,289$2,252,339
68$4,324,334$1,469,313$993,347$2,332,310
69$4,674,652$1,450,545$935,860$2,418,932
70$5,057,843$1,427,999$873,588$2,512,966
71$5,477,171$1,401,398$806,281$2,615,259
72$5,936,228$1,370,452$733,677$2,726,752
73$6,438,971$1,334,852$655,503$2,848,492
74$6,989,757$1,294,271$571,473$2,981,641
75$7,593,384$1,248,362$481,290$3,127,493
76$8,255,138$1,196,760$384,642$3,287,481
77$8,980,838$1,139,078$281,203$3,463,197
78$9,776,896$1,074,905$170,636$3,656,408
79$10,650,371$1,003,807$52,584$3,869,074
80$11,609,043$925,327$0$4,103,367
81$12,661,477$838,981$0$4,384,409
82$13,817,112$744,255$0$4,710,998
83$15,086,343$640,608$0$5,069,928
84$16,480,621$527,470$0$5,464,606
85$18,012,563$404,235$0$5,898,797
86$19,696,068$270,265$0$6,376,661
87$21,546,446$124,887$0$6,902,792
88$23,580,565$0$0$7,482,267
89$25,817,011$0$0$8,135,765
90$28,276,259$0$0$8,918,074
91$30,980,865$0$0$9,778,681
92$33,955,685$0$0$10,725,525
93$37,228,102$0$0$11,767,354
94$40,828,287$0$0$12,913,806
95$44,789,483$0$0$14,175,501
96$49,148,318$0$0$15,564,140
97$53,945,148$0$0$17,092,617
98$59,224,441$0$0$18,775,137
99$65,035,194$0$0$20,627,356
100$71,431,395$0$0$22,666,521