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

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 $1,430,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$118,088$117,036$116,010$115,008$114,030$110,204
2 years$58,459$57,371$56,316$55,292$54,300$50,483
3 years$38,586$37,492$36,440$35,426$34,450$30,762
4 years$28,651$27,561$26,519$25,523$24,570$21,039
5 years$22,692$21,608$20,580$19,604$18,678$15,313
6 years$18,720$17,645$16,631$15,677$14,779$11,584
7 years$15,884$14,818$13,821$12,889$12,019$8,993
8 years$13,758$12,702$11,721$10,812$9,971$7,111
9 years$12,106$11,059$10,095$9,210$8,397$5,700
10 years$10,785$9,748$8,801$7,939$7,155$4,617
11 years$9,704$8,678$7,749$6,909$6,153$3,769
12 years$8,805$7,789$6,877$6,060$5,332$3,096
13 years$8,044$7,039$6,144$5,350$4,650$2,557
14 years$7,393$6,398$5,520$4,749$4,076$2,120
15 years$6,828$5,845$4,984$4,236$3,589$1,763
16 years$6,335$5,363$4,519$3,793$3,172$1,470
17 years$5,901$4,939$4,112$3,408$2,812$1,229
18 years$5,515$4,564$3,754$3,071$2,501$1,029
19 years$5,170$4,230$3,436$2,775$2,229$863
20 years$4,860$3,930$3,154$2,513$1,991$725
21 years$4,580$3,661$2,901$2,281$1,782$609
22 years$4,326$3,417$2,674$2,074$1,597$513
23 years$4,094$3,196$2,469$1,889$1,434$432
24 years$3,882$2,995$2,283$1,723$1,289$364
25 years$3,687$2,810$2,114$1,573$1,159$307
26 years$3,507$2,641$1,961$1,438$1,044$259
27 years$3,341$2,486$1,821$1,317$942$218
28 years$3,187$2,342$1,693$1,206$850$184
29 years$3,044$2,210$1,575$1,106$767$155
30 years$2,911$2,087$1,467$1,015$693$131
31 years$2,786$1,973$1,368$932$627$111
32 years$2,670$1,867$1,276$857$567$94
33 years$2,561$1,768$1,192$788$513$79
34 years$2,458$1,675$1,114$725$465$67
35 years$2,362$1,589$1,041$667$421$56
36 years$2,271$1,508$974$615$381$48
37 years$2,185$1,432$912$566$346$40
38 years$2,104$1,361$854$522$313$34
39 years$2,028$1,295$800$481$284$29
40 years$1,955$1,232$750$444$258$24
41 years$1,886$1,172$703$410$234$21
42 years$1,821$1,117$659$378$212$17
43 years$1,758$1,064$619$349$192$15
44 years$1,699$1,014$581$322$175$12
45 years$1,643$967$545$298$159$10
46 years$1,589$922$512$275$144$9
47 years$1,537$880$481$254$131$7
48 years$1,488$840$452$235$119$6
49 years$1,441$803$425$217$108$5
50 years$1,396$767$400$200$98$5

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 $6,152 every year, while hoping to spend $37,189 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: 58/31/11 Blend
52$1,430,000$1,430,000$1,430,000$1,430,000
53$1,582,206$1,506,416$1,484,251$1,669,396
54$1,704,022$1,540,661$1,494,404$1,763,129
55$1,837,017$1,575,339$1,503,652$1,860,560
56$1,982,292$1,610,429$1,511,923$1,965,865
57$2,141,058$1,645,913$1,519,145$2,079,806
58$2,314,651$1,681,768$1,525,242$2,203,219
59$2,504,540$1,717,968$1,530,131$2,337,026
60$2,712,341$1,754,487$1,533,729$2,482,243
61$2,939,837$1,791,294$1,535,946$2,639,988
62$3,188,989$1,828,356$1,536,689$2,811,493
63$3,461,957$1,865,637$1,535,859$2,998,117
64$3,761,120$1,903,096$1,533,354$3,201,355
65$4,089,098$1,940,692$1,529,065$3,422,856
66$4,448,776$1,978,376$1,522,879$3,664,436
67$4,843,334$2,016,098$1,514,677$3,928,097
68$5,276,270$2,053,804$1,504,336$4,216,044
69$5,751,442$2,091,433$1,491,724$4,530,708
70$6,273,097$2,128,921$1,476,704$4,874,768
71$6,845,914$2,166,199$1,459,134$5,251,174
72$7,475,046$2,203,192$1,438,864$5,663,180
73$8,166,172$2,239,819$1,415,737$6,114,371
74$8,925,545$2,275,993$1,389,588$6,608,698
75$9,760,056$2,311,623$1,360,245$7,150,516
76$10,677,298$2,346,608$1,327,529$7,744,624
77$11,685,632$2,380,841$1,291,250$8,396,311
78$12,794,272$2,414,209$1,251,213$9,111,407
79$14,013,370$2,446,587$1,207,211$9,896,337
80$15,354,109$2,477,845$1,159,028$10,758,183
81$16,828,812$2,507,844$1,106,440$11,704,748
82$18,451,055$2,536,432$1,049,210$12,744,637
83$20,235,797$2,563,452$987,092$13,887,329
84$22,199,518$2,588,731$919,830$15,143,274
85$24,360,379$2,612,089$847,154$16,523,990
86$26,738,388$2,633,331$768,784$18,042,170
87$29,355,590$2,652,251$684,425$19,711,806
88$32,236,279$2,668,630$593,772$21,548,319
89$35,407,221$2,682,234$496,504$23,568,703
90$38,897,908$2,692,814$392,288$25,791,691
91$42,740,838$2,700,105$280,773$28,237,928
92$46,971,820$2,703,827$161,596$30,930,171
93$51,630,312$2,703,682$34,376$33,893,499
94$56,759,793$2,699,351$0$37,155,553
95$62,408,171$2,690,498$0$40,758,699
96$68,628,238$2,676,766$0$44,729,693
97$75,478,167$2,657,776$0$49,101,554
98$83,022,058$2,633,126$0$53,915,123
99$91,330,548$2,602,389$0$59,215,408
100$100,481,472$2,565,113$0$65,052,012