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

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 $1,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$115,611$114,581$113,576$112,596$111,638$110,703
2 years$57,233$56,167$55,134$54,132$53,161$52,218
3 years$37,776$36,706$35,675$34,683$33,727$32,807
4 years$28,050$26,983$25,963$24,987$24,055$23,163
5 years$22,216$21,155$20,148$19,193$18,286$17,426
6 years$18,327$17,274$16,283$15,349$14,469$13,641
7 years$15,551$14,507$13,531$12,619$11,767$10,973
8 years$13,470$12,435$11,475$10,586$9,762$9,000
9 years$11,852$10,827$9,884$9,017$8,221$7,492
10 years$10,558$9,544$8,617$7,772$7,005$6,308
11 years$9,501$8,496$7,586$6,764$6,024$5,360
12 years$8,620$7,626$6,732$5,933$5,221$4,587
13 years$7,875$6,891$6,015$5,238$4,552$3,950
14 years$7,237$6,264$5,405$4,650$3,991$3,418
15 years$6,685$5,722$4,880$4,147$3,514$2,970
16 years$6,203$5,250$4,424$3,713$3,105$2,589
17 years$5,777$4,835$4,026$3,336$2,753$2,265
18 years$5,399$4,468$3,675$3,007$2,448$1,986
19 years$5,062$4,141$3,364$2,717$2,182$1,745
20 years$4,758$3,848$3,088$2,460$1,949$1,536
21 years$4,484$3,584$2,840$2,233$1,744$1,355
22 years$4,235$3,346$2,617$2,030$1,563$1,197
23 years$4,008$3,129$2,417$1,849$1,403$1,058
24 years$3,800$2,932$2,235$1,686$1,261$937
25 years$3,609$2,751$2,070$1,540$1,135$830
26 years$3,434$2,586$1,920$1,408$1,022$736
27 years$3,271$2,434$1,783$1,289$922$654
28 years$3,120$2,293$1,657$1,181$832$581
29 years$2,980$2,163$1,542$1,083$751$516
30 years$2,850$2,043$1,437$994$679$459
31 years$2,728$1,931$1,339$913$614$408
32 years$2,614$1,827$1,250$839$555$363
33 years$2,507$1,731$1,167$771$502$323
34 years$2,407$1,640$1,090$710$455$288
35 years$2,312$1,556$1,019$653$412$256
36 years$2,224$1,477$953$602$373$229
37 years$2,140$1,402$892$554$338$204
38 years$2,060$1,333$836$511$307$182
39 years$1,985$1,267$783$471$278$162
40 years$1,914$1,206$734$435$252$144
41 years$1,847$1,148$688$401$229$129
42 years$1,782$1,093$646$370$208$115
43 years$1,721$1,042$606$342$188$102
44 years$1,663$993$569$315$171$91
45 years$1,608$947$534$291$155$82
46 years$1,555$903$501$269$141$73
47 years$1,505$862$471$249$128$65
48 years$1,457$823$443$230$116$58
49 years$1,411$786$416$212$106$52
50 years$1,367$751$391$196$96$46

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 $6,828 every year, while hoping to spend $39,765 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: 82/5/13 Blend
52$1,400,000$1,400,000$1,400,000$1,400,000
53$1,549,843$1,475,643$1,453,943$1,672,605
54$1,665,617$1,505,640$1,460,341$1,784,120
55$1,791,868$1,535,774$1,465,620$1,900,615
56$1,929,621$1,566,010$1,469,701$2,027,353
57$2,080,008$1,596,309$1,472,500$2,165,342
58$2,244,270$1,626,630$1,473,931$2,315,691
59$2,423,779$1,656,928$1,473,901$2,479,625
60$2,620,042$1,687,155$1,472,314$2,658,488
61$2,834,718$1,717,257$1,469,068$2,853,766
62$3,069,635$1,747,179$1,464,058$3,067,092
63$3,326,805$1,776,858$1,457,171$3,300,268
64$3,608,445$1,806,230$1,448,293$3,555,276
65$3,916,995$1,835,224$1,437,299$3,834,302
66$4,255,143$1,863,764$1,424,062$4,139,753
67$4,625,847$1,891,768$1,408,449$4,474,283
68$5,032,369$1,919,150$1,390,317$4,840,813
69$5,478,299$1,945,817$1,369,521$5,242,564
70$5,967,592$1,971,668$1,345,906$5,683,083
71$6,504,603$1,996,597$1,319,311$6,166,281
72$7,094,132$2,020,489$1,289,567$6,696,463
73$7,741,463$2,043,223$1,256,497$7,278,378
74$8,452,420$2,064,668$1,219,917$7,917,254
75$9,233,415$2,084,686$1,179,633$8,618,855
76$10,091,517$2,103,128$1,135,444$9,389,531
77$11,034,507$2,119,838$1,087,137$10,236,279
78$12,070,963$2,134,646$1,034,493$11,166,812
79$13,210,332$2,147,374$977,279$12,189,626
80$14,463,023$2,157,832$915,254$13,314,084
81$15,840,503$2,165,818$848,167$14,550,506
82$17,355,407$2,171,116$775,754$15,910,261
83$19,021,656$2,173,497$697,738$17,405,880
84$20,854,585$2,172,719$613,833$19,051,171
85$22,871,094$2,168,524$523,738$20,861,350
86$25,089,801$2,160,637$427,138$22,853,185
87$27,531,221$2,148,768$323,707$25,045,156
88$30,217,957$2,132,609$213,103$27,457,625
89$33,174,914$2,111,832$94,967$30,113,034
90$36,429,534$2,086,091$0$33,036,112
91$40,012,056$2,055,019$0$36,258,427
92$43,955,796$2,018,225$0$39,820,034
93$48,297,466$1,975,297$0$43,740,899
94$53,077,520$1,925,799$0$48,057,554
95$58,340,530$1,869,267$0$52,810,254
96$64,135,615$1,805,212$0$58,043,356
97$70,516,896$1,733,115$0$63,805,740
98$77,544,009$1,652,428$0$70,151,267
99$85,282,672$1,562,570$0$77,139,290
100$93,805,297$1,462,929$0$84,835,212