Can I retire at age 53 with 1,400,000?

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 $1,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$115,611$114,581$113,576$112,596$111,638$108,108
2 years$57,233$56,167$55,134$54,132$53,161$49,636
3 years$37,776$36,706$35,675$34,683$33,727$30,319
4 years$28,050$26,983$25,963$24,987$24,055$20,788
5 years$22,216$21,155$20,148$19,193$18,286$15,171
6 years$18,327$17,274$16,283$15,349$14,469$11,508
7 years$15,551$14,507$13,531$12,619$11,767$8,959
8 years$13,470$12,435$11,475$10,586$9,762$7,106
9 years$11,852$10,827$9,884$9,017$8,221$5,713
10 years$10,558$9,544$8,617$7,772$7,005$4,642
11 years$9,501$8,496$7,586$6,764$6,024$3,802
12 years$8,620$7,626$6,732$5,933$5,221$3,134
13 years$7,875$6,891$6,015$5,238$4,552$2,596
14 years$7,237$6,264$5,405$4,650$3,991$2,160
15 years$6,685$5,722$4,880$4,147$3,514$1,803
16 years$6,203$5,250$4,424$3,713$3,105$1,509
17 years$5,777$4,835$4,026$3,336$2,753$1,266
18 years$5,399$4,468$3,675$3,007$2,448$1,064
19 years$5,062$4,141$3,364$2,717$2,182$896
20 years$4,758$3,848$3,088$2,460$1,949$755
21 years$4,484$3,584$2,840$2,233$1,744$637
22 years$4,235$3,346$2,617$2,030$1,563$538
23 years$4,008$3,129$2,417$1,849$1,403$455
24 years$3,800$2,932$2,235$1,686$1,261$385
25 years$3,609$2,751$2,070$1,540$1,135$326
26 years$3,434$2,586$1,920$1,408$1,022$276
27 years$3,271$2,434$1,783$1,289$922$234
28 years$3,120$2,293$1,657$1,181$832$198
29 years$2,980$2,163$1,542$1,083$751$168
30 years$2,850$2,043$1,437$994$679$142
31 years$2,728$1,931$1,339$913$614$121
32 years$2,614$1,827$1,250$839$555$102
33 years$2,507$1,731$1,167$771$502$87
34 years$2,407$1,640$1,090$710$455$74
35 years$2,312$1,556$1,019$653$412$62
36 years$2,224$1,477$953$602$373$53
37 years$2,140$1,402$892$554$338$45
38 years$2,060$1,333$836$511$307$38
39 years$1,985$1,267$783$471$278$32
40 years$1,914$1,206$734$435$252$27
41 years$1,847$1,148$688$401$229$23
42 years$1,782$1,093$646$370$208$20
43 years$1,721$1,042$606$342$188$17
44 years$1,663$993$569$315$171$14
45 years$1,608$947$534$291$155$12
46 years$1,555$903$501$269$141$10
47 years$1,505$862$471$249$128$9
48 years$1,457$823$443$230$116$7
49 years$1,411$786$416$212$106$6
50 years$1,367$751$391$196$96$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,400,000, adding $3,862 every year, while hoping to spend $51,562 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: 84/5/11 Blend
52$1,400,000$1,400,000$1,400,000$1,400,000
53$1,546,784$1,472,584$1,450,884$1,673,642
54$1,649,694$1,489,879$1,444,627$1,774,502
55$1,761,373$1,506,293$1,436,432$1,877,969
56$1,882,661$1,521,729$1,426,180$1,990,051
57$2,014,481$1,536,083$1,413,746$2,111,583
58$2,157,851$1,549,243$1,398,999$2,243,485
59$2,313,887$1,561,092$1,381,801$2,386,771
60$2,483,822$1,571,504$1,362,010$2,542,557
61$2,669,008$1,580,344$1,339,473$2,712,073
62$2,870,936$1,587,470$1,314,035$2,896,673
63$3,091,246$1,592,730$1,285,530$3,097,848
64$3,331,743$1,595,964$1,253,785$3,317,241
65$3,594,414$1,596,999$1,218,620$3,556,664
66$3,881,447$1,595,655$1,179,846$3,818,109
67$4,195,250$1,591,737$1,137,266$4,103,774
68$4,538,474$1,585,041$1,090,674$4,416,079
69$4,914,040$1,575,349$1,039,852$4,757,692
70$5,325,161$1,562,431$984,577$5,131,550
71$5,775,378$1,546,041$924,611$5,540,891
72$6,268,590$1,525,920$859,708$5,989,282
73$6,809,089$1,501,793$789,612$6,480,654
74$7,401,604$1,473,368$714,051$7,019,338
75$8,051,342$1,440,338$632,746$7,610,107
76$8,764,038$1,402,374$545,403$8,258,219
77$9,546,010$1,359,131$451,714$8,969,470
78$10,404,217$1,310,242$351,361$9,750,246
79$11,346,324$1,255,320$244,007$10,607,584
80$12,380,772$1,193,954$129,305$11,549,238
81$13,516,864$1,125,711$6,890$12,583,755
82$14,764,845$1,050,131$0$13,720,551
83$16,136,001$966,730$0$14,984,529
84$17,642,768$874,994$0$16,374,408
85$19,298,842$774,381$0$17,902,030
86$21,119,317$664,318$0$19,581,336
87$23,120,817$544,200$0$21,427,683
88$25,321,662$413,387$0$23,457,994
89$27,742,032$271,204$0$25,690,916
90$30,404,163$116,936$0$28,146,994
91$33,332,553$0$0$30,848,867
92$36,554,195$0$0$33,824,238
93$40,098,829$0$0$37,105,017
94$43,999,222$0$0$40,715,103
95$48,291,481$0$0$44,687,916
96$53,015,387$0$0$49,060,283
97$58,214,773$0$0$53,872,779
98$63,937,939$0$0$59,170,112
99$70,238,104$0$0$65,001,546
100$77,173,908$0$0$71,421,362