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%18.6%
1 years$113,133$112,126$111,142$110,183$109,246$105,454
2 years$56,007$54,964$53,953$52,972$52,022$48,240
3 years$36,967$35,919$34,911$33,940$33,005$29,353
4 years$27,449$26,404$25,406$24,452$23,539$20,045
5 years$21,740$20,701$19,716$18,781$17,894$14,567
6 years$17,935$16,904$15,934$15,020$14,159$11,001
7 years$15,218$14,196$13,241$12,348$11,515$8,526
8 years$13,181$12,169$11,229$10,359$9,553$6,730
9 years$11,598$10,595$9,672$8,823$8,045$5,385
10 years$10,332$9,339$8,432$7,606$6,855$4,353
11 years$9,297$8,314$7,424$6,619$5,895$3,547
12 years$8,435$7,462$6,588$5,806$5,109$2,908
13 years$7,706$6,744$5,886$5,126$4,455$2,396
14 years$7,082$6,130$5,289$4,550$3,905$1,982
15 years$6,542$5,600$4,775$4,058$3,438$1,645
16 years$6,070$5,138$4,329$3,633$3,039$1,369
17 years$5,653$4,732$3,939$3,265$2,694$1,142
18 years$5,284$4,372$3,596$2,942$2,396$954
19 years$4,953$4,052$3,292$2,658$2,135$799
20 years$4,656$3,765$3,021$2,408$1,907$669
21 years$4,388$3,507$2,779$2,185$1,707$561
22 years$4,144$3,274$2,561$1,987$1,530$471
23 years$3,922$3,062$2,365$1,809$1,373$396
24 years$3,719$2,869$2,187$1,650$1,234$333
25 years$3,532$2,692$2,026$1,507$1,111$280
26 years$3,360$2,530$1,879$1,378$1,001$235
27 years$3,201$2,381$1,745$1,261$902$198
28 years$3,053$2,244$1,622$1,156$814$167
29 years$2,916$2,117$1,509$1,060$735$140
30 years$2,789$1,999$1,406$973$664$118
31 years$2,670$1,890$1,311$893$600$100
32 years$2,558$1,788$1,223$821$543$84
33 years$2,453$1,693$1,142$755$492$71
34 years$2,355$1,605$1,067$695$445$60
35 years$2,263$1,522$997$639$403$50
36 years$2,176$1,445$933$589$365$42
37 years$2,094$1,372$873$543$331$36
38 years$2,016$1,304$818$500$300$30
39 years$1,943$1,240$766$461$272$25
40 years$1,873$1,180$718$425$247$21
41 years$1,807$1,123$673$392$224$18
42 years$1,744$1,070$632$362$203$15
43 years$1,685$1,019$593$334$184$13
44 years$1,628$972$556$309$167$11
45 years$1,574$926$522$285$152$9
46 years$1,522$884$491$263$138$8
47 years$1,473$843$461$243$125$6
48 years$1,426$805$433$225$114$5
49 years$1,381$769$407$208$103$5
50 years$1,338$734$383$192$94$4

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 $6,624 every year, while hoping to spend $34,992 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: 35/42/23 Blend
52$1,370,000$1,370,000$1,370,000$1,370,000
53$1,516,573$1,443,963$1,422,728$1,558,875
54$1,634,032$1,477,486$1,433,158$1,624,248
55$1,762,299$1,511,478$1,442,765$1,691,056
56$1,902,440$1,545,927$1,451,483$1,762,435
57$2,055,627$1,580,816$1,459,247$1,838,816
58$2,223,152$1,616,127$1,465,983$1,920,672
59$2,406,438$1,651,841$1,471,617$2,008,524
60$2,607,048$1,687,935$1,476,070$2,102,948
61$2,826,709$1,724,386$1,479,260$2,204,579
62$3,067,317$1,761,165$1,481,099$2,314,116
63$3,330,965$1,798,243$1,481,497$2,432,332
64$3,619,954$1,835,588$1,480,359$2,560,077
65$3,936,821$1,873,164$1,477,582$2,698,290
66$4,284,359$1,910,931$1,473,063$2,848,006
67$4,665,644$1,948,847$1,466,691$3,010,367
68$5,084,065$1,986,866$1,458,351$3,186,632
69$5,543,355$2,024,937$1,447,920$3,378,190
70$6,047,625$2,063,006$1,435,273$3,586,573
71$6,601,403$2,101,015$1,420,276$3,813,469
72$7,209,681$2,138,898$1,402,789$4,060,743
73$7,877,953$2,176,589$1,382,667$4,330,449
74$8,612,274$2,214,012$1,359,757$4,624,854
75$9,419,316$2,251,089$1,333,899$4,946,458
76$10,306,426$2,287,732$1,304,924$5,298,018
77$11,281,702$2,323,851$1,272,659$5,682,574
78$12,354,062$2,359,346$1,236,920$6,103,479
79$13,533,334$2,394,112$1,197,515$6,564,433
80$14,830,345$2,428,035$1,154,243$7,069,513
81$16,257,025$2,460,993$1,106,894$7,623,217
82$17,826,517$2,492,857$1,055,250$8,230,506
83$19,553,302$2,523,487$999,081$8,896,849
84$21,453,336$2,552,735$938,148$9,628,278
85$23,544,200$2,580,443$872,200$10,431,446
86$25,845,264$2,606,441$800,975$11,313,687
87$28,377,873$2,630,549$724,200$12,283,088
88$31,165,545$2,652,574$641,589$13,348,569
89$34,234,193$2,672,313$552,844$14,519,963
90$37,612,371$2,689,546$457,654$15,808,114
91$41,331,540$2,704,041$355,694$17,224,977
92$45,426,371$2,715,553$246,623$18,783,734
93$49,935,062$2,723,817$130,087$20,498,920
94$54,899,710$2,728,555$5,716$22,386,560
95$60,366,696$2,729,470$0$24,464,322
96$66,387,133$2,726,247$0$26,782,853
97$73,017,339$2,718,552$0$29,335,984
98$80,319,376$2,706,030$0$32,146,089
99$88,361,630$2,688,303$0$35,239,379
100$97,219,459$2,664,973$0$38,644,743