Can I retire at age 53 with 1,390,000?

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 $1,390,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$114,785$113,762$112,765$111,791$110,841$106,780
2 years$56,824$55,766$54,740$53,746$52,781$48,736
3 years$37,507$36,444$35,421$34,435$33,487$29,583
4 years$27,850$26,790$25,777$24,809$23,883$20,151
5 years$22,057$21,004$20,004$19,056$18,155$14,605
6 years$18,196$17,151$16,166$15,239$14,366$11,000
7 years$15,440$14,403$13,434$12,529$11,683$8,501
8 years$13,374$12,346$11,393$10,510$9,692$6,690
9 years$11,767$10,750$9,813$8,952$8,162$5,337
10 years$10,483$9,475$8,555$7,717$6,955$4,300
11 years$9,433$8,435$7,532$6,716$5,981$3,493
12 years$8,558$7,571$6,684$5,891$5,183$2,854
13 years$7,819$6,842$5,972$5,201$4,520$2,344
14 years$7,186$6,219$5,366$4,617$3,962$1,932
15 years$6,637$5,681$4,845$4,117$3,489$1,598
16 years$6,158$5,213$4,392$3,687$3,083$1,325
17 years$5,736$4,801$3,997$3,312$2,734$1,101
18 years$5,361$4,436$3,649$2,985$2,431$917
19 years$5,025$4,111$3,340$2,697$2,167$764
20 years$4,724$3,820$3,065$2,443$1,935$638
21 years$4,452$3,559$2,820$2,217$1,732$533
22 years$4,205$3,322$2,599$2,016$1,552$446
23 years$3,979$3,107$2,399$1,836$1,393$373
24 years$3,773$2,911$2,219$1,674$1,252$312
25 years$3,584$2,732$2,055$1,529$1,127$261
26 years$3,409$2,567$1,906$1,398$1,015$219
27 years$3,248$2,416$1,770$1,280$915$184
28 years$3,098$2,277$1,646$1,173$826$154
29 years$2,959$2,148$1,531$1,075$746$129
30 years$2,829$2,028$1,426$987$674$108
31 years$2,709$1,918$1,330$906$609$91
32 years$2,595$1,814$1,241$833$551$76
33 years$2,489$1,718$1,158$766$499$64
34 years$2,390$1,628$1,082$705$452$54
35 years$2,296$1,545$1,012$649$409$45
36 years$2,208$1,466$947$597$371$38
37 years$2,124$1,392$886$551$336$32
38 years$2,046$1,323$830$507$304$27
39 years$1,971$1,258$777$468$276$22
40 years$1,900$1,197$729$432$250$19
41 years$1,833$1,140$683$398$227$16
42 years$1,770$1,085$641$367$206$13
43 years$1,709$1,034$601$339$187$11
44 years$1,652$986$565$313$170$9
45 years$1,597$940$530$289$154$8
46 years$1,544$897$498$267$140$7
47 years$1,494$856$468$247$127$6
48 years$1,447$817$440$228$115$5
49 years$1,401$780$413$211$105$4
50 years$1,357$745$388$195$95$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,390,000, adding $6,622 every year, while hoping to spend $59,652 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: 56/25/19 Blend
52$1,390,000$1,390,000$1,390,000$1,390,000
53$1,538,611$1,464,941$1,443,396$1,616,603
54$1,632,080$1,473,253$1,428,280$1,678,821
55$1,733,083$1,479,974$1,410,659$1,739,606
56$1,842,327$1,484,962$1,390,385$1,804,506
57$1,960,586$1,488,067$1,367,305$1,873,929
58$2,088,714$1,489,130$1,341,258$1,948,329
59$2,227,647$1,487,982$1,312,074$2,028,207
60$2,378,417$1,484,443$1,279,578$2,114,118
61$2,542,157$1,478,322$1,243,586$2,206,675
62$2,720,114$1,469,418$1,203,903$2,306,557
63$2,913,661$1,457,514$1,160,329$2,414,514
64$3,124,307$1,442,385$1,112,653$2,531,378
65$3,353,712$1,423,788$1,060,653$2,658,067
66$3,603,705$1,401,467$1,004,098$2,795,597
67$3,876,296$1,375,152$942,749$2,945,090
68$4,173,699$1,344,556$876,352$3,107,788
69$4,498,351$1,309,374$804,644$3,285,064
70$4,852,934$1,269,284$727,351$3,478,434
71$5,240,400$1,223,946$644,185$3,689,575
72$5,664,001$1,173,000$554,845$3,920,340
73$6,127,315$1,116,063$459,018$4,172,777
74$6,634,284$1,052,732$356,377$4,449,146
75$7,189,245$982,580$246,581$4,751,948
76$7,796,978$905,157$129,271$5,083,943
77$8,462,744$819,984$4,076$5,448,179
78$9,192,338$726,557$0$5,848,026
79$9,992,142$624,344$0$6,313,461
80$10,869,185$512,781$0$6,824,920
81$11,831,209$391,274$0$7,386,199
82$12,886,740$259,195$0$8,002,393
83$14,045,171$115,878$0$8,679,125
84$15,316,847$0$0$9,422,593
85$16,713,165$0$0$10,250,470
86$18,246,678$0$0$11,194,829
87$19,931,216$0$0$12,232,326
88$21,782,013$0$0$13,372,360
89$23,815,852$0$0$14,625,285
90$26,051,223$0$0$16,002,511
91$28,508,496$0$0$17,516,606
92$31,210,113$0$0$19,181,416
93$34,180,797$0$0$21,012,197
94$37,447,790$0$0$23,025,758
95$41,041,103$0$0$25,240,617
96$44,993,804$0$0$27,677,177
97$49,342,326$0$0$30,357,921
98$54,126,810$0$0$33,307,617
99$59,391,486$0$0$36,553,557
100$65,185,086$0$0$40,125,813