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

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 $1,410,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$116,436$115,399$114,387$113,400$112,435$109,363
2 years$57,642$56,568$55,528$54,519$53,541$50,467
3 years$38,046$36,968$35,930$34,931$33,968$30,991
4 years$28,250$27,175$26,148$25,166$24,227$21,367
5 years$22,374$21,306$20,292$19,330$18,417$15,684
6 years$18,458$17,398$16,399$15,458$14,572$11,969
7 years$15,662$14,611$13,628$12,709$11,851$9,377
8 years$13,566$12,524$11,557$10,661$9,832$7,485
9 years$11,937$10,904$9,954$9,081$8,280$6,058
10 years$10,634$9,612$8,678$7,828$7,055$4,956
11 years$9,569$8,557$7,640$6,813$6,067$4,088
12 years$8,681$7,680$6,781$5,976$5,258$3,394
13 years$7,931$6,941$6,058$5,276$4,585$2,833
14 years$7,289$6,309$5,443$4,683$4,019$2,375
15 years$6,733$5,763$4,914$4,176$3,539$1,998
16 years$6,247$5,288$4,456$3,740$3,128$1,686
17 years$5,818$4,870$4,054$3,360$2,773$1,426
18 years$5,438$4,500$3,701$3,028$2,466$1,208
19 years$5,098$4,170$3,388$2,736$2,198$1,026
20 years$4,792$3,875$3,110$2,478$1,963$872
21 years$4,516$3,610$2,860$2,249$1,757$742
22 years$4,265$3,370$2,636$2,045$1,575$632
23 years$4,037$3,151$2,434$1,862$1,414$539
24 years$3,827$2,953$2,251$1,698$1,270$460
25 years$3,635$2,771$2,085$1,551$1,143$393
26 years$3,458$2,604$1,934$1,418$1,030$335
27 years$3,294$2,451$1,796$1,298$928$287
28 years$3,143$2,309$1,669$1,189$838$245
29 years$3,002$2,179$1,553$1,091$756$210
30 years$2,870$2,058$1,447$1,001$684$179
31 years$2,747$1,945$1,349$919$618$153
32 years$2,633$1,840$1,259$845$559$131
33 years$2,525$1,743$1,175$777$506$112
34 years$2,424$1,652$1,098$715$458$96
35 years$2,329$1,567$1,026$658$415$82
36 years$2,239$1,487$960$606$376$71
37 years$2,155$1,412$899$558$341$60
38 years$2,075$1,342$842$515$309$52
39 years$1,999$1,276$789$475$280$44
40 years$1,928$1,214$739$438$254$38
41 years$1,860$1,156$693$404$230$33
42 years$1,795$1,101$650$373$209$28
43 years$1,734$1,049$610$344$190$24
44 years$1,675$1,000$573$318$172$20
45 years$1,620$953$538$293$156$18
46 years$1,566$910$505$271$142$15
47 years$1,516$868$474$250$129$13
48 years$1,467$829$446$231$117$11
49 years$1,421$791$419$214$106$9
50 years$1,377$756$394$198$97$8

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 $2,217 every year, while hoping to spend $55,268 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: 54/38/8 Blend
52$1,410,000$1,410,000$1,410,000$1,410,000
53$1,556,107$1,481,377$1,459,522$1,637,013
54$1,656,025$1,495,160$1,449,611$1,705,813
55$1,764,282$1,507,765$1,437,516$1,774,401
56$1,881,672$1,519,078$1,423,105$1,847,721
57$2,009,063$1,528,974$1,406,240$1,926,231
58$2,147,416$1,537,322$1,386,778$2,010,435
59$2,297,784$1,543,983$1,364,566$2,100,895
60$2,461,326$1,548,806$1,339,448$2,198,227
61$2,639,319$1,551,635$1,311,256$2,303,114
62$2,833,165$1,552,300$1,279,819$2,416,309
63$3,044,409$1,550,625$1,244,954$2,538,648
64$3,274,752$1,546,418$1,206,473$2,671,049
65$3,526,064$1,539,480$1,164,177$2,814,529
66$3,800,404$1,529,596$1,117,859$2,970,213
67$4,100,039$1,516,540$1,067,301$3,139,341
68$4,427,465$1,500,072$1,012,277$3,323,283
69$4,785,428$1,479,938$952,551$3,523,555
70$5,176,955$1,455,868$887,874$3,741,827
71$5,605,374$1,427,575$817,988$3,979,947
72$6,074,354$1,394,759$742,623$4,239,955
73$6,587,933$1,357,096$661,495$4,524,102
74$7,150,558$1,314,250$574,311$4,834,876
75$7,767,126$1,265,859$480,761$5,175,022
76$8,443,031$1,211,544$380,525$5,547,573
77$9,184,214$1,150,904$273,266$5,955,875
78$9,997,217$1,083,511$158,634$6,403,624
79$10,889,248$1,008,917$36,262$6,894,899
80$11,868,243$926,646$0$7,434,203
81$12,942,947$836,195$0$8,034,557
82$14,122,991$737,032$0$8,697,222
83$15,418,985$628,596$0$9,425,190
84$16,842,618$510,294$0$10,225,179
85$18,406,764$381,497$0$11,104,601
86$20,125,609$241,545$0$12,071,633
87$22,014,778$89,738$0$13,135,295
88$24,091,488$0$0$14,305,537
89$26,374,705$0$0$15,624,557
90$28,885,326$0$0$17,116,356
91$31,646,372$0$0$18,757,109
92$34,683,210$0$0$20,561,907
93$38,023,786$0$0$22,547,380
94$41,698,891$0$0$24,731,847
95$45,742,453$0$0$27,135,497
96$50,191,851$0$0$29,780,570
97$55,088,274$0$0$32,691,574
98$60,477,103$0$0$35,895,512
99$66,408,342$0$0$39,422,138
100$72,937,088$0$0$43,304,235