Can I retire at age 53 with 1,450,000?

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 $1,450,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$119,740$118,673$117,632$116,617$115,625$113,476
2 years$59,277$58,173$57,103$56,066$55,060$52,903
3 years$39,125$38,017$36,950$35,922$34,932$32,834
4 years$29,052$27,946$26,890$25,880$24,914$22,891
5 years$23,009$21,910$20,868$19,878$18,939$16,998
6 years$18,982$17,891$16,864$15,897$14,986$13,128
7 years$16,106$15,025$14,014$13,070$12,188$10,413
8 years$13,951$12,879$11,885$10,964$10,111$8,420
9 years$12,275$11,214$10,237$9,339$8,515$6,906
10 years$10,935$9,884$8,925$8,050$7,255$5,727
11 years$9,840$8,799$7,857$7,006$6,239$4,791
12 years$8,928$7,898$6,973$6,145$5,407$4,035
13 years$8,156$7,137$6,230$5,425$4,715$3,418
14 years$7,496$6,488$5,598$4,816$4,133$2,909
15 years$6,924$5,927$5,054$4,295$3,639$2,485
16 years$6,424$5,438$4,582$3,846$3,216$2,129
17 years$5,983$5,008$4,169$3,455$2,852$1,830
18 years$5,592$4,627$3,806$3,114$2,536$1,576
19 years$5,242$4,289$3,484$2,814$2,260$1,360
20 years$4,928$3,985$3,198$2,548$2,019$1,175
21 years$4,644$3,712$2,941$2,313$1,807$1,017
22 years$4,386$3,465$2,711$2,103$1,619$881
23 years$4,151$3,241$2,503$1,915$1,454$765
24 years$3,936$3,036$2,315$1,747$1,307$664
25 years$3,738$2,850$2,144$1,595$1,176$577
26 years$3,556$2,678$1,989$1,459$1,059$502
27 years$3,388$2,520$1,846$1,335$955$436
28 years$3,232$2,375$1,717$1,223$862$380
29 years$3,087$2,241$1,597$1,122$778$331
30 years$2,952$2,116$1,488$1,029$703$288
31 years$2,825$2,000$1,387$945$635$251
32 years$2,707$1,893$1,294$869$575$219
33 years$2,597$1,792$1,208$799$520$191
34 years$2,493$1,699$1,129$735$471$166
35 years$2,395$1,611$1,056$677$427$145
36 years$2,303$1,529$988$623$387$127
37 years$2,216$1,453$924$574$350$111
38 years$2,134$1,380$866$529$318$96
39 years$2,056$1,313$811$488$288$84
40 years$1,982$1,249$760$450$261$73
41 years$1,912$1,189$713$415$237$64
42 years$1,846$1,132$669$383$215$56
43 years$1,783$1,079$627$354$195$49
44 years$1,723$1,028$589$327$177$43
45 years$1,666$981$553$302$161$37
46 years$1,611$935$519$279$146$33
47 years$1,559$893$488$257$133$28
48 years$1,509$852$458$238$120$25
49 years$1,461$814$431$220$109$22
50 years$1,416$777$405$203$99$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,450,000, adding $6,309 every year, while hoping to spend $55,152 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: 54/35/11 Blend
52$1,450,000$1,450,000$1,450,000$1,450,000
53$1,604,408$1,527,558$1,505,083$1,686,205
54$1,709,376$1,543,727$1,496,822$1,758,616
55$1,823,203$1,558,840$1,486,435$1,830,860
56$1,946,733$1,572,786$1,473,795$1,908,198
57$2,080,896$1,585,450$1,458,764$1,991,126
58$2,226,716$1,596,705$1,441,200$2,080,190
59$2,385,316$1,606,419$1,420,956$2,175,994
60$2,557,936$1,614,450$1,397,875$2,279,205
61$2,745,936$1,620,649$1,371,794$2,390,560
62$2,950,815$1,624,854$1,342,543$2,510,872
63$3,174,223$1,626,897$1,309,943$2,641,042
64$3,417,975$1,626,596$1,273,807$2,782,061
65$3,684,069$1,623,760$1,233,941$2,935,026
66$3,974,704$1,618,185$1,190,138$3,101,148
67$4,292,303$1,609,655$1,142,187$3,281,765
68$4,639,530$1,597,940$1,089,862$3,478,353
69$5,019,321$1,582,798$1,032,931$3,692,544
70$5,434,907$1,563,971$971,150$3,926,139
71$5,889,847$1,541,185$904,263$4,181,125
72$6,388,059$1,514,150$832,003$4,459,698
73$6,933,858$1,482,561$754,093$4,764,282
74$7,531,997$1,446,091$670,240$5,097,553
75$8,187,708$1,404,398$580,141$5,462,464
76$8,906,757$1,357,116$483,478$5,862,276
77$9,695,492$1,303,860$379,920$6,300,588
78$10,560,905$1,244,222$269,120$6,781,372
79$11,510,700$1,177,771$150,718$7,309,013
80$12,553,359$1,104,050$24,335$7,888,349
81$13,698,230$1,022,577$0$8,524,721
82$14,955,608$932,841$0$9,236,994
83$16,336,832$834,303$0$10,022,588
84$17,854,398$726,393$0$10,885,871
85$19,522,069$608,508$0$11,834,810
86$21,355,008$480,012$0$12,878,195
87$23,369,919$340,234$0$14,025,720
88$25,585,207$188,462$0$15,288,077
89$28,021,149$23,947$0$16,677,055
90$30,700,084$0$0$18,205,659
91$33,646,625$0$0$19,947,577
92$36,887,890$0$0$21,874,031
93$40,453,757$0$0$23,993,575
94$44,377,146$0$0$26,325,796
95$48,694,330$0$0$28,892,278
96$53,445,274$0$0$31,716,800
97$58,674,014$0$0$34,825,566
98$64,429,071$0$0$38,247,445
99$70,763,909$0$0$42,014,250
100$77,737,437$0$0$46,161,036