Can I retire at age 53 with 1,420,000?

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 $1,420,000?

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$117,262$116,218$115,199$114,204$113,233$109,872
2 years$58,051$56,969$55,922$54,906$53,920$50,562
3 years$38,316$37,230$36,185$35,179$34,209$30,959
4 years$28,451$27,368$26,333$25,344$24,398$21,281
5 years$22,533$21,457$20,436$19,467$18,547$15,571
6 years$18,589$17,521$16,515$15,568$14,676$11,844
7 years$15,773$14,714$13,724$12,799$11,935$9,247
8 years$13,662$12,613$11,639$10,737$9,902$7,356
9 years$12,021$10,982$10,025$9,145$8,339$5,932
10 years$10,709$9,680$8,740$7,883$7,105$4,835
11 years$9,636$8,617$7,694$6,861$6,110$3,973
12 years$8,743$7,735$6,829$6,018$5,295$3,285
13 years$7,988$6,990$6,101$5,313$4,617$2,731
14 years$7,341$6,354$5,482$4,716$4,048$2,280
15 years$6,781$5,804$4,949$4,206$3,564$1,910
16 years$6,291$5,325$4,487$3,766$3,150$1,605
17 years$5,860$4,904$4,083$3,384$2,793$1,351
18 years$5,476$4,532$3,727$3,049$2,483$1,140
19 years$5,134$4,200$3,412$2,755$2,213$963
20 years$4,826$3,903$3,132$2,496$1,977$815
21 years$4,548$3,635$2,880$2,265$1,769$691
22 years$4,295$3,393$2,655$2,059$1,586$586
23 years$4,065$3,174$2,451$1,875$1,424$497
24 years$3,855$2,974$2,267$1,711$1,280$422
25 years$3,661$2,791$2,100$1,562$1,151$359
26 years$3,483$2,623$1,947$1,428$1,037$305
27 years$3,318$2,468$1,808$1,307$935$259
28 years$3,165$2,326$1,681$1,198$844$221
29 years$3,023$2,194$1,564$1,098$762$188
30 years$2,891$2,072$1,457$1,008$688$160
31 years$2,767$1,959$1,358$926$622$136
32 years$2,651$1,854$1,267$851$563$116
33 years$2,543$1,755$1,183$782$509$99
34 years$2,441$1,664$1,106$720$461$84
35 years$2,346$1,578$1,034$663$418$72
36 years$2,255$1,498$967$610$379$61
37 years$2,170$1,422$905$562$343$52
38 years$2,090$1,352$848$518$311$44
39 years$2,014$1,285$794$478$282$38
40 years$1,941$1,223$744$441$256$32
41 years$1,873$1,164$698$407$232$27
42 years$1,808$1,109$655$375$211$23
43 years$1,746$1,056$614$347$191$20
44 years$1,687$1,007$577$320$173$17
45 years$1,631$960$541$295$158$14
46 years$1,578$916$509$273$143$12
47 years$1,527$874$478$252$130$11
48 years$1,478$835$449$233$118$9
49 years$1,431$797$422$215$107$8
50 years$1,386$761$397$199$97$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,420,000, adding $5,213 every year, while hoping to spend $32,707 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: 57/27/16 Blend
52$1,420,000$1,420,000$1,420,000$1,420,000
53$1,570,217$1,494,957$1,472,947$1,652,887
54$1,695,579$1,533,410$1,487,491$1,748,011
55$1,832,632$1,572,651$1,501,426$1,847,602
56$1,982,534$1,612,684$1,514,697$1,955,381
57$2,146,559$1,653,512$1,527,246$2,072,140
58$2,326,112$1,695,138$1,539,012$2,198,752
59$2,522,738$1,737,562$1,549,932$2,336,177
60$2,738,140$1,780,786$1,559,937$2,485,474
61$2,974,192$1,824,806$1,568,957$2,647,809
62$3,232,960$1,869,622$1,576,917$2,824,465
63$3,516,717$1,915,229$1,583,739$3,016,858
64$3,827,968$1,961,621$1,589,341$3,226,544
65$4,169,472$2,008,792$1,593,635$3,455,242
66$4,544,268$2,056,732$1,596,531$3,704,841
67$4,955,702$2,105,431$1,597,934$3,977,427
68$5,407,462$2,154,876$1,597,743$4,275,294
69$5,903,610$2,205,051$1,595,854$4,600,972
70$6,448,619$2,255,939$1,592,155$4,957,250
71$7,047,418$2,307,520$1,586,533$5,347,197
72$7,705,438$2,359,771$1,578,865$5,774,199
73$8,428,659$2,412,667$1,569,024$6,241,985
74$9,223,674$2,466,179$1,556,877$6,754,665
75$10,097,741$2,520,275$1,542,285$7,316,766
76$11,058,861$2,574,919$1,525,102$7,933,281
77$12,115,846$2,630,071$1,505,175$8,609,708
78$13,278,407$2,685,689$1,482,342$9,352,107
79$14,557,242$2,741,725$1,456,438$10,167,159
80$15,964,137$2,798,126$1,427,285$11,062,223
81$17,512,080$2,854,835$1,394,701$12,045,410
82$19,215,381$2,911,791$1,358,492$13,125,660
83$21,089,807$2,968,925$1,318,458$14,312,824
84$23,152,729$3,026,165$1,274,388$15,617,759
85$25,423,290$3,083,429$1,226,063$17,052,430
86$27,922,581$3,140,632$1,173,251$18,630,024
87$30,673,842$3,197,681$1,115,713$20,365,071
88$33,702,681$3,254,475$1,053,197$22,273,588
89$37,037,315$3,310,905$985,440$24,373,225
90$40,708,837$3,366,855$912,167$26,683,434
91$44,751,505$3,422,198$833,092$29,225,652
92$49,203,072$3,476,799$747,914$32,023,504
93$54,105,137$3,530,514$656,321$35,103,028
94$59,503,538$3,583,186$557,984$38,492,919
95$65,448,786$3,634,649$452,564$42,224,801
96$71,996,539$3,684,724$339,702$46,333,527
97$79,208,131$3,733,220$219,027$50,857,506
98$87,151,145$3,779,933$90,149$55,839,070
99$95,900,056$3,824,644$0$61,324,869
100$105,536,930$3,867,120$0$67,374,406