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%11.4%
1 years$118,088$117,036$116,010$115,008$114,030$113,359
2 years$58,459$57,371$56,316$55,292$54,300$53,623
3 years$38,586$37,492$36,440$35,426$34,450$33,788
4 years$28,651$27,561$26,519$25,523$24,570$23,928
5 years$22,692$21,608$20,580$19,604$18,678$18,058
6 years$18,720$17,645$16,631$15,677$14,779$14,182
7 years$15,884$14,818$13,821$12,889$12,019$11,445
8 years$13,758$12,702$11,721$10,812$9,971$9,420
9 years$12,106$11,059$10,095$9,210$8,397$7,869
10 years$10,785$9,748$8,801$7,939$7,155$6,650
11 years$9,704$8,678$7,749$6,909$6,153$5,671
12 years$8,805$7,789$6,877$6,060$5,332$4,871
13 years$8,044$7,039$6,144$5,350$4,650$4,211
14 years$7,393$6,398$5,520$4,749$4,076$3,658
15 years$6,828$5,845$4,984$4,236$3,589$3,191
16 years$6,335$5,363$4,519$3,793$3,172$2,794
17 years$5,901$4,939$4,112$3,408$2,812$2,454
18 years$5,515$4,564$3,754$3,071$2,501$2,161
19 years$5,170$4,230$3,436$2,775$2,229$1,907
20 years$4,860$3,930$3,154$2,513$1,991$1,686
21 years$4,580$3,661$2,901$2,281$1,782$1,494
22 years$4,326$3,417$2,674$2,074$1,597$1,325
23 years$4,094$3,196$2,469$1,889$1,434$1,177
24 years$3,882$2,995$2,283$1,723$1,289$1,047
25 years$3,687$2,810$2,114$1,573$1,159$932
26 years$3,507$2,641$1,961$1,438$1,044$831
27 years$3,341$2,486$1,821$1,317$942$741
28 years$3,187$2,342$1,693$1,206$850$661
29 years$3,044$2,210$1,575$1,106$767$590
30 years$2,911$2,087$1,467$1,015$693$527
31 years$2,786$1,973$1,368$932$627$472
32 years$2,670$1,867$1,276$857$567$422
33 years$2,561$1,768$1,192$788$513$377
34 years$2,458$1,675$1,114$725$465$338
35 years$2,362$1,589$1,041$667$421$302
36 years$2,271$1,508$974$615$381$271
37 years$2,185$1,432$912$566$346$242
38 years$2,104$1,361$854$522$313$217
39 years$2,028$1,295$800$481$284$195
40 years$1,955$1,232$750$444$258$174
41 years$1,886$1,172$703$410$234$156
42 years$1,821$1,117$659$378$212$140
43 years$1,758$1,064$619$349$192$126
44 years$1,699$1,014$581$322$175$113
45 years$1,643$967$545$298$159$101
46 years$1,589$922$512$275$144$91
47 years$1,537$880$481$254$131$81
48 years$1,488$840$452$235$119$73
49 years$1,441$803$425$217$108$65
50 years$1,396$767$400$200$98$59

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 $4,758 every year, while hoping to spend $25,671 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: 74/6/20 Blend
52$1,430,000$1,430,000$1,430,000$1,430,000
53$1,580,768$1,504,978$1,482,813$1,689,888
54$1,714,692$1,551,408$1,505,173$1,809,387
55$1,861,417$1,599,253$1,527,423$1,936,722
56$2,022,220$1,648,555$1,549,530$2,075,601
57$2,198,509$1,699,357$1,571,462$2,227,171
58$2,391,836$1,751,704$1,593,184$2,392,690
59$2,603,908$1,805,642$1,614,661$2,573,547
60$2,836,606$1,861,219$1,635,852$2,771,272
61$3,092,004$1,918,482$1,656,716$2,987,548
62$3,372,383$1,977,482$1,677,211$3,224,233
63$3,680,258$2,038,271$1,697,290$3,483,369
64$4,018,398$2,100,900$1,716,903$3,767,208
65$4,389,856$2,165,426$1,736,001$4,078,234
66$4,797,993$2,231,903$1,754,528$4,419,177
67$5,246,511$2,300,389$1,772,427$4,793,051
68$5,739,490$2,370,943$1,789,639$5,203,174
69$6,281,425$2,443,626$1,806,099$5,653,201
70$6,877,267$2,518,501$1,821,740$6,147,161
71$7,532,472$2,595,631$1,836,492$6,689,492
72$8,253,051$2,675,083$1,850,281$7,285,084
73$9,045,624$2,756,924$1,863,027$7,939,325
74$9,917,489$2,841,225$1,874,650$8,658,154
75$10,876,685$2,928,057$1,885,063$9,448,113
76$11,932,068$3,017,493$1,894,174$10,316,409
77$13,093,398$3,109,609$1,901,888$11,270,988
78$14,371,428$3,204,483$1,908,104$12,320,602
79$15,778,006$3,302,195$1,912,718$13,474,896
80$17,326,187$3,402,827$1,915,618$14,744,498
81$19,030,355$3,506,462$1,916,688$16,141,121
82$20,906,360$3,613,188$1,915,806$17,677,670
83$22,971,667$3,723,093$1,912,844$19,368,367
84$25,245,521$3,836,269$1,907,669$21,228,883
85$27,749,127$3,952,808$1,900,138$23,276,487
86$30,505,850$4,072,808$1,890,104$25,530,210
87$33,541,437$4,196,366$1,877,414$28,011,022
88$36,884,261$4,323,585$1,861,904$30,742,032
89$40,565,582$4,454,567$1,843,404$33,748,707
90$44,619,851$4,589,420$1,821,738$37,059,108
91$49,085,027$4,728,253$1,796,717$40,704,160
92$54,002,941$4,871,179$1,768,149$44,717,942
93$59,419,686$5,018,312$1,735,827$49,138,007
94$65,386,055$5,169,770$1,699,538$54,005,739
95$71,958,019$5,325,675$1,659,059$59,366,743
96$79,197,255$5,486,151$1,614,155$65,271,275
97$87,171,728$5,651,325$1,564,582$71,774,716
98$95,956,332$5,821,328$1,510,083$78,938,098
99$105,633,597$5,996,293$1,450,391$86,828,676
100$116,294,471$6,176,358$1,385,225$95,520,564