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

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 $1,390,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$114,785$113,762$112,765$111,791$110,841$108,205
2 years$56,824$55,766$54,740$53,746$52,781$50,141
3 years$37,507$36,444$35,421$34,435$33,487$30,925
4 years$27,850$26,790$25,777$24,809$23,883$21,419
5 years$22,057$21,004$20,004$19,056$18,155$15,796
6 years$18,196$17,151$16,166$15,239$14,366$12,114
7 years$15,440$14,403$13,434$12,529$11,683$9,539
8 years$13,374$12,346$11,393$10,510$9,692$7,655
9 years$11,767$10,750$9,813$8,952$8,162$6,230
10 years$10,483$9,475$8,555$7,717$6,955$5,125
11 years$9,433$8,435$7,532$6,716$5,981$4,252
12 years$8,558$7,571$6,684$5,891$5,183$3,551
13 years$7,819$6,842$5,972$5,201$4,520$2,982
14 years$7,186$6,219$5,366$4,617$3,962$2,515
15 years$6,637$5,681$4,845$4,117$3,489$2,129
16 years$6,158$5,213$4,392$3,687$3,083$1,808
17 years$5,736$4,801$3,997$3,312$2,734$1,539
18 years$5,361$4,436$3,649$2,985$2,431$1,313
19 years$5,025$4,111$3,340$2,697$2,167$1,122
20 years$4,724$3,820$3,065$2,443$1,935$960
21 years$4,452$3,559$2,820$2,217$1,732$823
22 years$4,205$3,322$2,599$2,016$1,552$706
23 years$3,979$3,107$2,399$1,836$1,393$606
24 years$3,773$2,911$2,219$1,674$1,252$521
25 years$3,584$2,732$2,055$1,529$1,127$448
26 years$3,409$2,567$1,906$1,398$1,015$386
27 years$3,248$2,416$1,770$1,280$915$332
28 years$3,098$2,277$1,646$1,173$826$286
29 years$2,959$2,148$1,531$1,075$746$246
30 years$2,829$2,028$1,426$987$674$212
31 years$2,709$1,918$1,330$906$609$183
32 years$2,595$1,814$1,241$833$551$158
33 years$2,489$1,718$1,158$766$499$136
34 years$2,390$1,628$1,082$705$452$117
35 years$2,296$1,545$1,012$649$409$101
36 years$2,208$1,466$947$597$371$87
37 years$2,124$1,392$886$551$336$75
38 years$2,046$1,323$830$507$304$65
39 years$1,971$1,258$777$468$276$56
40 years$1,900$1,197$729$432$250$49
41 years$1,833$1,140$683$398$227$42
42 years$1,770$1,085$641$367$206$36
43 years$1,709$1,034$601$339$187$31
44 years$1,652$986$565$313$170$27
45 years$1,597$940$530$289$154$23
46 years$1,544$897$498$267$140$20
47 years$1,494$856$468$247$127$17
48 years$1,447$817$440$228$115$15
49 years$1,401$780$413$211$105$13
50 years$1,357$745$388$195$95$11

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 $4,448 every year, while hoping to spend $49,778 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: 37/48/15 Blend
52$1,390,000$1,390,000$1,390,000$1,390,000
53$1,536,368$1,462,698$1,441,153$1,586,047
54$1,640,114$1,481,407$1,436,468$1,640,857
55$1,752,774$1,499,364$1,429,958$1,694,936
56$1,875,204$1,516,480$1,421,509$1,752,279
57$2,008,348$1,532,660$1,411,002$1,813,202
58$2,153,240$1,547,802$1,398,312$1,878,059
59$2,311,023$1,561,796$1,383,308$1,947,239
60$2,482,952$1,574,529$1,365,853$2,021,176
61$2,670,408$1,585,875$1,345,804$2,100,347
62$2,874,911$1,595,705$1,323,010$2,185,285
63$3,098,136$1,603,878$1,297,315$2,276,576
64$3,341,924$1,610,247$1,268,553$2,374,872
65$3,608,303$1,614,652$1,236,553$2,480,894
66$3,899,507$1,616,927$1,201,134$2,595,439
67$4,217,993$1,616,892$1,162,108$2,719,392
68$4,566,467$1,614,359$1,119,277$2,853,729
69$4,947,911$1,609,126$1,072,437$2,999,533
70$5,365,605$1,600,981$1,021,371$3,158,002
71$5,823,163$1,589,695$965,854$3,330,459
72$6,324,566$1,575,031$905,650$3,518,372
73$6,874,196$1,556,732$840,514$3,723,360
74$7,476,882$1,534,529$770,188$3,947,216
75$8,137,938$1,508,136$694,404$4,191,923
76$8,863,223$1,477,249$612,882$4,459,673
77$9,659,186$1,441,549$525,328$4,752,889
78$10,532,933$1,400,695$431,436$5,074,249
79$11,492,290$1,354,326$330,887$5,426,715
80$12,545,878$1,302,063$223,346$5,813,559
81$13,703,196$1,243,503$108,467$6,238,396
82$14,974,706$1,178,218$0$6,705,221
83$16,371,934$1,105,759$0$7,220,711
84$17,907,579$1,025,649$0$7,806,154
85$19,595,629$937,382$0$8,449,620
86$21,451,497$840,428$0$9,157,126
87$23,492,162$734,221$0$9,935,310
88$25,736,332$618,168$0$10,791,501
89$28,204,619$491,639$0$11,733,785
90$30,919,731$353,970$0$12,771,088
91$33,906,689$204,460$0$13,913,257
92$37,193,061$42,369$0$15,171,159
93$40,809,222$0$0$16,556,786
94$44,788,638$0$0$18,153,662
95$49,168,187$0$0$19,935,963
96$53,988,500$0$0$21,897,873
97$59,294,347$0$0$24,057,644
98$65,135,059$0$0$26,435,387
99$71,564,994$0$0$29,053,261
100$78,644,046$0$0$31,935,684