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%11.5%
1 years$116,436$115,399$114,387$113,400$112,435$111,727
2 years$57,642$56,568$55,528$54,519$53,541$52,826
3 years$38,046$36,968$35,930$34,931$33,968$33,270
4 years$28,250$27,175$26,148$25,166$24,227$23,549
5 years$22,374$21,306$20,292$19,330$18,417$17,763
6 years$18,458$17,398$16,399$15,458$14,572$13,943
7 years$15,662$14,611$13,628$12,709$11,851$11,246
8 years$13,566$12,524$11,557$10,661$9,832$9,251
9 years$11,937$10,904$9,954$9,081$8,280$7,723
10 years$10,634$9,612$8,678$7,828$7,055$6,522
11 years$9,569$8,557$7,640$6,813$6,067$5,559
12 years$8,681$7,680$6,781$5,976$5,258$4,772
13 years$7,931$6,941$6,058$5,276$4,585$4,122
14 years$7,289$6,309$5,443$4,683$4,019$3,579
15 years$6,733$5,763$4,914$4,176$3,539$3,120
16 years$6,247$5,288$4,456$3,740$3,128$2,730
17 years$5,818$4,870$4,054$3,360$2,773$2,396
18 years$5,438$4,500$3,701$3,028$2,466$2,108
19 years$5,098$4,170$3,388$2,736$2,198$1,859
20 years$4,792$3,875$3,110$2,478$1,963$1,643
21 years$4,516$3,610$2,860$2,249$1,757$1,454
22 years$4,265$3,370$2,636$2,045$1,575$1,289
23 years$4,037$3,151$2,434$1,862$1,414$1,144
24 years$3,827$2,953$2,251$1,698$1,270$1,017
25 years$3,635$2,771$2,085$1,551$1,143$905
26 years$3,458$2,604$1,934$1,418$1,030$806
27 years$3,294$2,451$1,796$1,298$928$718
28 years$3,143$2,309$1,669$1,189$838$640
29 years$3,002$2,179$1,553$1,091$756$571
30 years$2,870$2,058$1,447$1,001$684$510
31 years$2,747$1,945$1,349$919$618$455
32 years$2,633$1,840$1,259$845$559$407
33 years$2,525$1,743$1,175$777$506$364
34 years$2,424$1,652$1,098$715$458$325
35 years$2,329$1,567$1,026$658$415$291
36 years$2,239$1,487$960$606$376$260
37 years$2,155$1,412$899$558$341$233
38 years$2,075$1,342$842$515$309$209
39 years$1,999$1,276$789$475$280$187
40 years$1,928$1,214$739$438$254$167
41 years$1,860$1,156$693$404$230$150
42 years$1,795$1,101$650$373$209$134
43 years$1,734$1,049$610$344$190$120
44 years$1,675$1,000$573$318$172$108
45 years$1,620$953$538$293$156$97
46 years$1,566$910$505$271$142$87
47 years$1,516$868$474$250$129$78
48 years$1,467$829$446$231$117$70
49 years$1,421$791$419$214$106$62
50 years$1,377$756$394$198$97$56

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 $6,222 every year, while hoping to spend $23,683 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: 51/30/19 Blend
52$1,410,000$1,410,000$1,410,000$1,410,000
53$1,560,238$1,485,508$1,463,653$1,631,315
54$1,694,184$1,533,099$1,487,487$1,728,564
55$1,840,998$1,582,229$1,511,325$1,831,276
56$2,001,969$1,632,947$1,535,144$1,942,443
57$2,178,514$1,685,306$1,558,915$2,062,872
58$2,372,196$1,739,359$1,582,612$2,193,452
59$2,584,735$1,795,162$1,606,205$2,335,163
60$2,818,025$1,852,773$1,629,660$2,489,081
61$3,074,156$1,912,251$1,652,945$2,656,391
62$3,355,425$1,973,657$1,676,025$2,838,398
63$3,664,366$2,037,054$1,698,860$3,036,539
64$4,003,771$2,102,508$1,721,410$3,252,395
65$4,376,712$2,170,088$1,743,634$3,487,705
66$4,786,576$2,239,862$1,765,486$3,744,388
67$5,237,096$2,311,904$1,786,918$4,024,553
68$5,732,380$2,386,287$1,807,880$4,330,524
69$6,276,958$2,463,091$1,828,319$4,664,861
70$6,875,818$2,542,393$1,848,179$5,030,381
71$7,534,459$2,624,278$1,867,401$5,430,189
72$8,258,937$2,708,830$1,885,921$5,867,704
73$9,055,924$2,796,138$1,903,675$6,346,690
74$9,932,773$2,886,294$1,920,593$6,871,295
75$10,897,584$2,979,391$1,936,601$7,446,088
76$11,959,284$3,075,527$1,951,624$8,076,099
77$13,127,707$3,174,804$1,965,579$8,766,874
78$14,413,689$3,277,325$1,978,382$9,524,517
79$15,829,170$3,383,199$1,989,942$10,355,757
80$17,387,307$3,492,537$2,000,167$11,268,003
81$19,102,596$3,605,455$2,008,956$12,269,421
82$20,991,011$3,722,073$2,016,206$13,369,005
83$23,070,152$3,842,513$2,021,807$14,576,665
84$25,359,415$3,966,903$2,025,645$15,903,318
85$27,880,170$4,095,376$2,027,599$17,360,994
86$30,655,965$4,228,068$2,027,542$18,962,945
87$33,712,751$4,365,120$2,025,342$20,723,775
88$37,079,120$4,506,679$2,020,859$22,659,571
89$40,786,580$4,652,896$2,013,947$24,788,062
90$44,869,850$4,803,928$2,004,454$27,128,779
91$49,367,191$4,959,935$1,992,219$29,703,244
92$54,320,759$5,121,087$1,977,073$32,535,171
93$59,777,011$5,287,555$1,958,840$35,650,690
94$65,787,141$5,459,520$1,937,336$39,078,593
95$72,407,560$5,637,167$1,912,367$42,850,603
96$79,700,430$5,820,688$1,883,730$47,001,680
97$87,734,253$6,010,280$1,851,215$51,570,343
98$96,584,514$6,206,151$1,814,597$56,599,037
99$106,334,395$6,408,513$1,773,647$62,134,534
100$117,075,559$6,617,586$1,728,119$68,228,372