Can I retire at age 53 with 1,430,000?

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 $1,430,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$118,088$117,036$116,010$115,008$114,030$111,957
2 years$58,459$57,371$56,316$55,292$54,300$52,219
3 years$38,586$37,492$36,440$35,426$34,450$32,426
4 years$28,651$27,561$26,519$25,523$24,570$22,618
5 years$22,692$21,608$20,580$19,604$18,678$16,803
6 years$18,720$17,645$16,631$15,677$14,779$12,985
7 years$15,884$14,818$13,821$12,889$12,019$10,306
8 years$13,758$12,702$11,721$10,812$9,971$8,337
9 years$12,106$11,059$10,095$9,210$8,397$6,843
10 years$10,785$9,748$8,801$7,939$7,155$5,678
11 years$9,704$8,678$7,749$6,909$6,153$4,753
12 years$8,805$7,789$6,877$6,060$5,332$4,006
13 years$8,044$7,039$6,144$5,350$4,650$3,395
14 years$7,393$6,398$5,520$4,749$4,076$2,891
15 years$6,828$5,845$4,984$4,236$3,589$2,472
16 years$6,335$5,363$4,519$3,793$3,172$2,120
17 years$5,901$4,939$4,112$3,408$2,812$1,823
18 years$5,515$4,564$3,754$3,071$2,501$1,571
19 years$5,170$4,230$3,436$2,775$2,229$1,356
20 years$4,860$3,930$3,154$2,513$1,991$1,173
21 years$4,580$3,661$2,901$2,281$1,782$1,016
22 years$4,326$3,417$2,674$2,074$1,597$881
23 years$4,094$3,196$2,469$1,889$1,434$765
24 years$3,882$2,995$2,283$1,723$1,289$665
25 years$3,687$2,810$2,114$1,573$1,159$578
26 years$3,507$2,641$1,961$1,438$1,044$503
27 years$3,341$2,486$1,821$1,317$942$438
28 years$3,187$2,342$1,693$1,206$850$382
29 years$3,044$2,210$1,575$1,106$767$333
30 years$2,911$2,087$1,467$1,015$693$290
31 years$2,786$1,973$1,368$932$627$253
32 years$2,670$1,867$1,276$857$567$221
33 years$2,561$1,768$1,192$788$513$193
34 years$2,458$1,675$1,114$725$465$168
35 years$2,362$1,589$1,041$667$421$147
36 years$2,271$1,508$974$615$381$128
37 years$2,185$1,432$912$566$346$112
38 years$2,104$1,361$854$522$313$98
39 years$2,028$1,295$800$481$284$85
40 years$1,955$1,232$750$444$258$75
41 years$1,886$1,172$703$410$234$65
42 years$1,821$1,117$659$378$212$57
43 years$1,758$1,064$619$349$192$50
44 years$1,699$1,014$581$322$175$43
45 years$1,643$967$545$298$159$38
46 years$1,589$922$512$275$144$33
47 years$1,537$880$481$254$131$29
48 years$1,488$840$452$235$119$25
49 years$1,441$803$425$217$108$22
50 years$1,396$767$400$200$98$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,430,000, adding $6,083 every year, while hoping to spend $46,648 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: 36/44/20 Blend
52$1,430,000$1,430,000$1,430,000$1,430,000
53$1,582,135$1,506,345$1,484,180$1,629,305
54$1,693,879$1,530,522$1,484,267$1,688,447
55$1,815,458$1,554,321$1,482,793$1,747,461
56$1,947,826$1,577,674$1,479,657$1,810,209
57$2,092,031$1,600,507$1,474,753$1,877,052
58$2,249,230$1,622,743$1,467,969$1,948,388
59$2,420,693$1,644,299$1,459,187$2,024,660
60$2,607,819$1,665,086$1,448,285$2,106,356
61$2,812,149$1,685,007$1,435,136$2,194,018
62$3,035,379$1,703,963$1,419,603$2,288,242
63$3,279,373$1,721,843$1,401,546$2,389,690
64$3,546,189$1,738,533$1,380,817$2,499,094
65$3,838,088$1,753,909$1,357,262$2,617,263
66$4,157,561$1,767,839$1,330,718$2,745,090
67$4,507,353$1,780,183$1,301,018$2,883,565
68$4,890,483$1,790,792$1,267,982$3,033,781
69$5,310,279$1,799,508$1,231,426$3,196,946
70$5,770,404$1,806,161$1,191,156$3,374,396
71$6,274,895$1,810,572$1,146,969$3,567,606
72$6,828,194$1,812,550$1,098,653$3,778,210
73$7,435,198$1,811,893$1,045,986$4,008,008
74$8,101,298$1,808,386$988,736$4,258,994
75$8,832,433$1,801,799$926,661$4,533,368
76$9,635,145$1,791,891$859,508$4,833,561
77$10,516,641$1,778,404$787,012$5,162,259
78$11,484,858$1,761,066$708,897$5,522,429
79$12,548,542$1,739,587$624,874$5,917,346
80$13,717,328$1,713,661$534,641$6,350,630
81$15,001,828$1,682,963$437,884$6,826,275
82$16,413,734$1,647,148$334,274$7,348,695
83$17,965,930$1,605,853$223,466$7,922,760
84$19,672,606$1,558,691$105,104$8,553,848
85$21,549,399$1,505,254$0$9,247,898
86$23,613,536$1,445,110$0$10,015,990
87$25,883,996$1,377,800$0$10,885,062
88$28,381,693$1,302,842$0$11,840,734
89$31,129,668$1,219,723$0$12,891,910
90$34,153,306$1,127,902$0$14,048,411
91$37,480,581$1,026,806$0$15,321,069
92$41,142,312$915,831$0$16,721,831
93$45,172,459$794,338$0$18,263,875
94$49,608,440$661,652$0$19,961,732
95$54,491,486$517,058$0$21,831,429
96$59,867,027$359,803$0$23,890,641
97$65,785,121$189,090$0$26,158,858
98$72,300,928$4,080$0$28,657,575
99$79,475,228$0$0$31,410,494
100$87,374,994$0$0$34,538,705