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%11.1%
1 years$119,740$118,673$117,632$116,617$115,625$115,089
2 years$59,277$58,173$57,103$56,066$55,060$54,519
3 years$39,125$38,017$36,950$35,922$34,932$34,403
4 years$29,052$27,946$26,890$25,880$24,914$24,401
5 years$23,009$21,910$20,868$19,878$18,939$18,443
6 years$18,982$17,891$16,864$15,897$14,986$14,508
7 years$16,106$15,025$14,014$13,070$12,188$11,728
8 years$13,951$12,879$11,885$10,964$10,111$9,669
9 years$12,275$11,214$10,237$9,339$8,515$8,091
10 years$10,935$9,884$8,925$8,050$7,255$6,849
11 years$9,840$8,799$7,857$7,006$6,239$5,852
12 years$8,928$7,898$6,973$6,145$5,407$5,037
13 years$8,156$7,137$6,230$5,425$4,715$4,362
14 years$7,496$6,488$5,598$4,816$4,133$3,796
15 years$6,924$5,927$5,054$4,295$3,639$3,318
16 years$6,424$5,438$4,582$3,846$3,216$2,911
17 years$5,983$5,008$4,169$3,455$2,852$2,562
18 years$5,592$4,627$3,806$3,114$2,536$2,261
19 years$5,242$4,289$3,484$2,814$2,260$2,000
20 years$4,928$3,985$3,198$2,548$2,019$1,772
21 years$4,644$3,712$2,941$2,313$1,807$1,573
22 years$4,386$3,465$2,711$2,103$1,619$1,399
23 years$4,151$3,241$2,503$1,915$1,454$1,245
24 years$3,936$3,036$2,315$1,747$1,307$1,110
25 years$3,738$2,850$2,144$1,595$1,176$991
26 years$3,556$2,678$1,989$1,459$1,059$885
27 years$3,388$2,520$1,846$1,335$955$791
28 years$3,232$2,375$1,717$1,223$862$708
29 years$3,087$2,241$1,597$1,122$778$633
30 years$2,952$2,116$1,488$1,029$703$567
31 years$2,825$2,000$1,387$945$635$508
32 years$2,707$1,893$1,294$869$575$456
33 years$2,597$1,792$1,208$799$520$409
34 years$2,493$1,699$1,129$735$471$367
35 years$2,395$1,611$1,056$677$427$329
36 years$2,303$1,529$988$623$387$296
37 years$2,216$1,453$924$574$350$265
38 years$2,134$1,380$866$529$318$238
39 years$2,056$1,313$811$488$288$214
40 years$1,982$1,249$760$450$261$192
41 years$1,912$1,189$713$415$237$173
42 years$1,846$1,132$669$383$215$155
43 years$1,783$1,079$627$354$195$140
44 years$1,723$1,028$589$327$177$126
45 years$1,666$981$553$302$161$113
46 years$1,611$935$519$279$146$102
47 years$1,559$893$488$257$133$91
48 years$1,509$852$458$238$120$82
49 years$1,461$814$431$220$109$74
50 years$1,416$777$405$203$99$67

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 $3,701 every year, while hoping to spend $51,774 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: 72/6/22 Blend
52$1,450,000$1,450,000$1,450,000$1,450,000
53$1,601,718$1,524,868$1,502,393$1,708,121
54$1,710,006$1,544,499$1,497,636$1,799,129
55$1,827,604$1,563,357$1,490,984$1,892,256
56$1,955,407$1,581,349$1,482,320$1,992,972
57$2,094,400$1,598,377$1,471,519$2,102,025
58$2,245,666$1,614,334$1,458,452$2,220,238
59$2,410,396$1,629,109$1,442,982$2,348,519
60$2,589,903$1,642,582$1,424,969$2,487,869
61$2,785,629$1,654,624$1,404,261$2,639,391
62$2,999,164$1,665,101$1,380,704$2,804,301
63$3,232,254$1,673,867$1,354,134$2,983,942
64$3,486,827$1,680,769$1,324,379$3,179,791
65$3,764,999$1,685,643$1,291,262$3,393,479
66$4,069,104$1,688,314$1,254,595$3,626,803
67$4,401,710$1,688,600$1,214,181$3,881,747
68$4,765,646$1,686,302$1,169,817$4,160,493
69$5,164,024$1,681,212$1,121,288$4,465,452
70$5,600,273$1,673,111$1,068,370$4,799,279
71$6,078,169$1,661,762$1,010,829$5,164,903
72$6,601,872$1,646,917$948,421$5,565,551
73$7,175,959$1,628,312$880,889$6,004,783
74$7,805,475$1,605,668$807,967$6,486,523
75$8,495,975$1,578,687$729,376$7,015,096
76$9,253,577$1,547,056$644,823$7,595,271
77$10,085,023$1,510,442$554,005$8,232,307
78$10,997,734$1,468,493$456,603$8,931,999
79$11,999,889$1,420,835$352,286$9,700,736
80$13,100,496$1,367,075$240,706$10,545,564
81$14,309,479$1,306,793$121,501$11,474,247
82$15,637,769$1,239,549$0$12,495,346
83$17,097,409$1,164,875$0$13,619,637
84$18,701,667$1,082,276$0$14,886,708
85$20,465,159$991,230$0$16,279,572
86$22,403,989$891,184$0$17,810,968
87$24,535,899$781,555$0$19,494,938
88$26,880,434$661,725$0$21,346,951
89$29,459,131$531,042$0$23,384,052
90$32,295,718$388,818$0$25,625,023
91$35,416,336$234,325$0$28,090,562
92$38,849,791$66,795$0$30,803,472
93$42,627,819$0$0$33,788,885
94$46,785,390$0$0$37,082,057
95$51,361,033$0$0$40,711,316
96$56,397,203$0$0$44,705,936
97$61,940,679$0$0$49,103,033
98$68,043,004$0$0$53,943,502
99$74,760,975$0$0$59,272,406
100$82,157,172$0$0$65,139,397