Can I retire at age 53 with 1,440,000?

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 $1,440,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$118,914$117,855$116,821$115,813$114,828$111,286
2 years$58,868$57,772$56,709$55,679$54,680$51,142
3 years$38,856$37,755$36,695$35,674$34,691$31,269
4 years$28,851$27,754$26,704$25,701$24,742$21,462
5 years$22,850$21,759$20,724$19,741$18,808$15,678
6 years$18,851$17,768$16,748$15,787$14,883$11,906
7 years$15,995$14,922$13,917$12,979$12,103$9,280
8 years$13,855$12,791$11,803$10,888$10,041$7,368
9 years$12,191$11,136$10,166$9,274$8,456$5,932
10 years$10,860$9,816$8,863$7,994$7,205$4,825
11 years$9,772$8,739$7,803$6,958$6,196$3,957
12 years$8,866$7,843$6,925$6,103$5,370$3,266
13 years$8,100$7,088$6,187$5,388$4,683$2,710
14 years$7,444$6,443$5,559$4,783$4,105$2,257
15 years$6,876$5,886$5,019$4,265$3,614$1,887
16 years$6,380$5,400$4,550$3,819$3,194$1,582
17 years$5,942$4,973$4,141$3,431$2,832$1,329
18 years$5,554$4,596$3,780$3,092$2,518$1,119
19 years$5,206$4,259$3,460$2,794$2,245$943
20 years$4,894$3,958$3,176$2,531$2,005$796
21 years$4,612$3,687$2,921$2,297$1,794$673
22 years$4,356$3,441$2,692$2,088$1,608$569
23 years$4,123$3,218$2,486$1,902$1,444$482
24 years$3,909$3,016$2,299$1,735$1,298$408
25 years$3,713$2,830$2,129$1,584$1,168$346
26 years$3,532$2,660$1,975$1,448$1,052$294
27 years$3,364$2,503$1,834$1,326$948$249
28 years$3,209$2,359$1,705$1,215$856$211
29 years$3,065$2,225$1,586$1,114$773$180
30 years$2,931$2,101$1,478$1,022$698$152
31 years$2,806$1,986$1,378$939$631$129
32 years$2,689$1,880$1,285$863$571$110
33 years$2,579$1,780$1,200$794$517$93
34 years$2,476$1,687$1,121$730$468$79
35 years$2,379$1,600$1,048$672$424$67
36 years$2,287$1,519$981$619$384$57
37 years$2,201$1,442$918$570$348$49
38 years$2,119$1,371$860$526$315$41
39 years$2,042$1,304$805$485$286$35
40 years$1,969$1,240$755$447$259$30
41 years$1,899$1,181$708$412$235$25
42 years$1,833$1,124$664$381$214$22
43 years$1,771$1,071$623$351$194$18
44 years$1,711$1,021$585$324$176$16
45 years$1,654$974$549$300$160$13
46 years$1,600$929$516$277$145$11
47 years$1,548$886$485$256$132$10
48 years$1,499$846$455$236$120$8
49 years$1,451$808$428$218$109$7
50 years$1,406$772$402$202$99$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,440,000, adding $6,662 every year, while hoping to spend $47,717 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: 46/36/18 Blend
52$1,440,000$1,440,000$1,440,000$1,440,000
53$1,593,752$1,517,432$1,495,112$1,658,598
54$1,705,544$1,541,015$1,494,428$1,728,116
55$1,827,140$1,564,155$1,492,121$1,798,177
56$1,959,489$1,586,780$1,488,088$1,873,178
57$2,103,635$1,608,811$1,482,218$1,953,596
58$2,260,730$1,630,166$1,474,396$2,039,964
59$2,432,038$1,650,758$1,464,501$2,132,867
60$2,618,951$1,670,490$1,452,408$2,232,951
61$2,823,003$1,689,264$1,437,983$2,340,931
62$3,045,882$1,706,970$1,421,087$2,457,597
63$3,289,445$1,723,494$1,401,576$2,583,819
64$3,555,737$1,738,714$1,379,298$2,720,560
65$3,847,009$1,752,499$1,354,092$2,868,882
66$4,165,742$1,764,709$1,325,792$3,029,960
67$4,514,666$1,775,198$1,294,224$3,205,088
68$4,896,786$1,783,807$1,259,205$3,395,698
69$5,315,414$1,790,369$1,220,544$3,603,369
70$5,774,195$1,794,706$1,178,041$3,829,846
71$6,277,146$1,796,629$1,131,488$4,077,052
72$6,828,687$1,795,936$1,080,665$4,347,115
73$7,433,691$1,792,415$1,025,345$4,642,380
74$8,097,522$1,785,838$965,289$4,965,436
75$8,826,090$1,775,965$900,247$5,319,144
76$9,625,905$1,762,541$829,959$5,706,657
77$10,504,137$1,745,295$754,152$6,131,459
78$11,468,684$1,723,940$672,542$6,597,391
79$12,528,249$1,698,172$584,831$7,108,696
80$13,692,417$1,667,669$490,709$7,670,052
81$14,971,748$1,632,090$389,853$8,286,625
82$16,377,877$1,591,072$281,923$8,964,112
83$17,923,619$1,544,233$166,566$9,708,801
84$19,623,095$1,491,168$43,413$10,527,627
85$21,491,863$1,431,447$0$11,428,245
86$23,547,063$1,364,618$0$12,435,999
87$25,807,578$1,290,199$0$13,553,298
88$28,294,215$1,207,683$0$14,782,149
89$31,029,899$1,116,533$0$16,133,970
90$34,039,887$1,016,182$0$17,621,350
91$37,352,010$906,029$0$19,258,169
92$40,996,931$785,440$0$21,059,732
93$45,008,436$653,745$0$23,042,911
94$49,423,755$510,237$0$25,226,311
95$54,283,906$354,167$0$27,630,443
96$59,634,090$184,746$0$30,277,919
97$65,524,108$1,140$0$33,193,671
98$72,008,840$0$0$36,405,184
99$79,148,754$0$0$40,021,011
100$87,010,482$0$0$44,003,095