Can I retire at age 53 with 1,410,000?

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 $1,410,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$116,436$115,399$114,387$113,400$112,435$108,446
2 years$57,642$56,568$55,528$54,519$53,541$49,564
3 years$38,046$36,968$35,930$34,931$33,968$30,129
4 years$28,250$27,175$26,148$25,166$24,227$20,555
5 years$22,374$21,306$20,292$19,330$18,417$14,921
6 years$18,458$17,398$16,399$15,458$14,572$11,256
7 years$15,662$14,611$13,628$12,709$11,851$8,714
8 years$13,566$12,524$11,557$10,661$9,832$6,870
9 years$11,937$10,904$9,954$9,081$8,280$5,490
10 years$10,634$9,612$8,678$7,828$7,055$4,432
11 years$9,569$8,557$7,640$6,813$6,067$3,607
12 years$8,681$7,680$6,781$5,976$5,258$2,953
13 years$7,931$6,941$6,058$5,276$4,585$2,430
14 years$7,289$6,309$5,443$4,683$4,019$2,008
15 years$6,733$5,763$4,914$4,176$3,539$1,664
16 years$6,247$5,288$4,456$3,740$3,128$1,383
17 years$5,818$4,870$4,054$3,360$2,773$1,152
18 years$5,438$4,500$3,701$3,028$2,466$961
19 years$5,098$4,170$3,388$2,736$2,198$803
20 years$4,792$3,875$3,110$2,478$1,963$672
21 years$4,516$3,610$2,860$2,249$1,757$562
22 years$4,265$3,370$2,636$2,045$1,575$471
23 years$4,037$3,151$2,434$1,862$1,414$395
24 years$3,827$2,953$2,251$1,698$1,270$332
25 years$3,635$2,771$2,085$1,551$1,143$279
26 years$3,458$2,604$1,934$1,418$1,030$234
27 years$3,294$2,451$1,796$1,298$928$197
28 years$3,143$2,309$1,669$1,189$838$165
29 years$3,002$2,179$1,553$1,091$756$139
30 years$2,870$2,058$1,447$1,001$684$117
31 years$2,747$1,945$1,349$919$618$98
32 years$2,633$1,840$1,259$845$559$83
33 years$2,525$1,743$1,175$777$506$69
34 years$2,424$1,652$1,098$715$458$58
35 years$2,329$1,567$1,026$658$415$49
36 years$2,239$1,487$960$606$376$41
37 years$2,155$1,412$899$558$341$35
38 years$2,075$1,342$842$515$309$29
39 years$1,999$1,276$789$475$280$25
40 years$1,928$1,214$739$438$254$21
41 years$1,860$1,156$693$404$230$17
42 years$1,795$1,101$650$373$209$15
43 years$1,734$1,049$610$344$190$12
44 years$1,675$1,000$573$318$172$10
45 years$1,620$953$538$293$156$9
46 years$1,566$910$505$271$142$7
47 years$1,516$868$474$250$129$6
48 years$1,467$829$446$231$117$5
49 years$1,421$791$419$214$106$4
50 years$1,377$756$394$198$97$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,410,000, adding $3,069 every year, while hoping to spend $57,586 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: 69/20/11 Blend
52$1,410,000$1,410,000$1,410,000$1,410,000
53$1,556,986$1,482,256$1,460,401$1,660,638
54$1,654,527$1,493,615$1,448,053$1,741,190
55$1,760,088$1,503,601$1,433,362$1,822,043
56$1,874,425$1,512,086$1,416,187$1,908,977
57$1,998,371$1,518,932$1,396,384$2,002,581
58$2,132,841$1,523,996$1,373,799$2,103,502
59$2,278,842$1,527,124$1,348,273$2,212,455
60$2,437,481$1,528,150$1,319,638$2,330,230
61$2,609,977$1,526,902$1,287,718$2,457,697
62$2,797,670$1,523,195$1,252,332$2,595,815
63$3,002,033$1,516,833$1,213,286$2,745,643
64$3,224,690$1,507,608$1,170,381$2,908,348
65$3,467,427$1,495,298$1,123,407$3,085,218
66$3,732,207$1,479,671$1,072,144$3,277,673
67$4,021,195$1,460,478$1,016,364$3,487,280
68$4,336,772$1,437,456$955,826$3,715,768
69$4,681,558$1,410,326$890,281$3,965,043
70$5,058,438$1,378,794$819,468$4,237,208
71$5,470,591$1,342,547$743,111$4,534,581
72$5,921,513$1,301,253$660,927$4,859,720
73$6,415,056$1,254,563$572,617$5,215,448
74$6,955,461$1,202,106$477,869$5,604,876
75$7,547,398$1,143,490$376,359$6,031,437
76$8,196,012$1,078,300$267,745$6,498,916
77$8,906,965$1,006,097$151,675$7,011,487
78$9,686,498$926,417$27,778$7,573,756
79$10,541,479$838,771$0$8,190,800
80$11,479,478$742,638$0$8,880,479
81$12,508,830$637,473$0$9,640,985
82$13,638,717$522,695$0$10,475,915
83$14,879,253$397,694$0$11,392,831
84$16,241,579$261,824$0$12,400,070
85$17,737,969$114,402$0$13,506,819
86$19,381,942$0$0$14,723,210
87$21,188,394$0$0$16,070,374
88$23,173,733$0$0$17,578,700
89$25,356,037$0$0$19,236,752
90$27,755,221$0$0$21,059,674
91$30,393,227$0$0$23,064,149
92$33,294,229$0$0$25,268,556
93$36,484,862$0$0$27,693,146
94$39,994,469$0$0$30,360,231
95$43,855,384$0$0$33,294,395
96$48,103,228$0$0$36,522,721
97$52,777,252$0$0$40,075,054
98$57,920,703$0$0$43,984,276
99$63,581,231$0$0$48,286,619
100$69,811,341$0$0$53,022,002