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%17.3%
1 years$116,436$115,399$114,387$113,400$112,435$109,099
2 years$57,642$56,568$55,528$54,519$53,541$50,206
3 years$38,046$36,968$35,930$34,931$33,968$30,741
4 years$28,250$27,175$26,148$25,166$24,227$21,131
5 years$22,374$21,306$20,292$19,330$18,417$15,462
6 years$18,458$17,398$16,399$15,458$14,572$11,760
7 years$15,662$14,611$13,628$12,709$11,851$9,182
8 years$13,566$12,524$11,557$10,661$9,832$7,304
9 years$11,937$10,904$9,954$9,081$8,280$5,890
10 years$10,634$9,612$8,678$7,828$7,055$4,801
11 years$9,569$8,557$7,640$6,813$6,067$3,945
12 years$8,681$7,680$6,781$5,976$5,258$3,262
13 years$7,931$6,941$6,058$5,276$4,585$2,712
14 years$7,289$6,309$5,443$4,683$4,019$2,264
15 years$6,733$5,763$4,914$4,176$3,539$1,897
16 years$6,247$5,288$4,456$3,740$3,128$1,593
17 years$5,818$4,870$4,054$3,360$2,773$1,342
18 years$5,438$4,500$3,701$3,028$2,466$1,132
19 years$5,098$4,170$3,388$2,736$2,198$956
20 years$4,792$3,875$3,110$2,478$1,963$809
21 years$4,516$3,610$2,860$2,249$1,757$686
22 years$4,265$3,370$2,636$2,045$1,575$581
23 years$4,037$3,151$2,434$1,862$1,414$493
24 years$3,827$2,953$2,251$1,698$1,270$419
25 years$3,635$2,771$2,085$1,551$1,143$356
26 years$3,458$2,604$1,934$1,418$1,030$303
27 years$3,294$2,451$1,796$1,298$928$257
28 years$3,143$2,309$1,669$1,189$838$219
29 years$3,002$2,179$1,553$1,091$756$186
30 years$2,870$2,058$1,447$1,001$684$159
31 years$2,747$1,945$1,349$919$618$135
32 years$2,633$1,840$1,259$845$559$115
33 years$2,525$1,743$1,175$777$506$98
34 years$2,424$1,652$1,098$715$458$83
35 years$2,329$1,567$1,026$658$415$71
36 years$2,239$1,487$960$606$376$61
37 years$2,155$1,412$899$558$341$52
38 years$2,075$1,342$842$515$309$44
39 years$1,999$1,276$789$475$280$38
40 years$1,928$1,214$739$438$254$32
41 years$1,860$1,156$693$404$230$27
42 years$1,795$1,101$650$373$209$23
43 years$1,734$1,049$610$344$190$20
44 years$1,675$1,000$573$318$172$17
45 years$1,620$953$538$293$156$14
46 years$1,566$910$505$271$142$12
47 years$1,516$868$474$250$129$10
48 years$1,467$829$446$231$117$9
49 years$1,421$791$419$214$106$8
50 years$1,377$756$394$198$97$6

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 $2,389 every year, while hoping to spend $35,936 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: 78/5/17 Blend
52$1,410,000$1,410,000$1,410,000$1,410,000
53$1,556,284$1,481,554$1,459,699$1,671,673
54$1,676,790$1,515,915$1,470,364$1,782,500
55$1,808,382$1,550,755$1,480,181$1,899,269
56$1,952,155$1,586,059$1,489,084$2,026,376
57$2,109,311$1,621,812$1,497,005$2,164,840
58$2,281,174$1,657,995$1,503,869$2,315,787
59$2,469,205$1,694,588$1,509,599$2,480,456
60$2,675,008$1,731,567$1,514,115$2,660,212
61$2,900,353$1,768,907$1,517,331$2,856,560
62$3,147,186$1,806,581$1,519,159$3,071,156
63$3,417,652$1,844,556$1,519,504$3,305,826
64$3,714,114$1,882,801$1,518,269$3,562,582
65$4,039,172$1,921,277$1,515,350$3,843,638
66$4,395,693$1,959,944$1,510,639$4,151,438
67$4,786,831$1,998,759$1,504,022$4,488,671
68$5,216,062$2,037,673$1,495,382$4,858,302
69$5,687,216$2,076,635$1,484,593$5,263,598
70$6,204,510$2,115,587$1,471,524$5,708,158
71$6,772,589$2,154,470$1,456,040$6,195,949
72$7,396,572$2,193,218$1,437,996$6,731,341
73$8,082,096$2,231,760$1,417,243$7,319,150
74$8,835,373$2,270,019$1,393,623$7,964,683
75$9,663,244$2,307,913$1,366,973$8,673,790
76$10,573,248$2,345,354$1,337,119$9,452,914
77$11,573,689$2,382,246$1,303,883$10,309,158
78$12,673,718$2,418,489$1,267,075$11,250,348
79$13,883,414$2,453,971$1,226,499$12,285,109
80$15,213,884$2,488,578$1,181,948$13,422,945
81$16,677,364$2,522,182$1,133,208$14,674,330
82$18,287,336$2,554,650$1,080,052$16,050,805
83$20,058,656$2,585,840$1,022,245$17,565,092
84$22,007,689$2,615,596$959,540$19,231,207
85$24,152,470$2,643,757$891,682$21,064,597
86$26,512,869$2,670,148$818,400$23,082,287
87$29,110,779$2,694,582$739,413$25,303,035
88$31,970,324$2,716,862$654,429$27,747,517
89$35,118,085$2,736,777$563,141$30,438,515
90$38,583,352$2,754,101$465,228$33,401,139
91$42,398,397$2,768,596$360,357$36,663,057
92$46,598,783$2,780,006$248,178$40,254,762
93$51,223,694$2,788,062$128,328$44,209,860
94$56,316,309$2,792,475$425$48,565,381
95$61,924,207$2,792,940$0$53,362,139
96$68,099,814$2,789,133$0$58,669,789
97$74,900,902$2,780,707$0$64,514,901
98$82,391,131$2,767,299$0$70,952,097
99$90,640,649$2,748,519$0$78,041,653
100$99,726,755$2,723,957$0$85,849,990