Can I retire at age 53 with 1,460,000?

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 $1,460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$120,565$119,492$118,444$117,421$116,422$115,640
2 years$59,686$58,574$57,497$56,452$55,439$54,650
3 years$39,395$38,279$37,204$36,170$35,173$34,402
4 years$29,252$28,139$27,075$26,058$25,086$24,338
5 years$23,168$22,061$21,011$20,015$19,070$18,348
6 years$19,113$18,015$16,980$16,006$15,089$14,395
7 years$16,217$15,129$14,111$13,160$12,272$11,604
8 years$14,047$12,968$11,967$11,039$10,180$9,540
9 years$12,360$11,291$10,307$9,403$8,573$7,960
10 years$11,011$9,953$8,986$8,106$7,305$6,718
11 years$9,908$8,860$7,911$7,054$6,283$5,722
12 years$8,989$7,952$7,021$6,188$5,444$4,910
13 years$8,213$7,187$6,273$5,463$4,748$4,238
14 years$7,548$6,532$5,636$4,849$4,162$3,677
15 years$6,972$5,968$5,089$4,325$3,664$3,203
16 years$6,468$5,475$4,614$3,872$3,238$2,801
17 years$6,025$5,042$4,198$3,479$2,871$2,456
18 years$5,631$4,659$3,832$3,135$2,553$2,160
19 years$5,279$4,318$3,508$2,833$2,276$1,904
20 years$4,962$4,013$3,220$2,566$2,033$1,681
21 years$4,676$3,738$2,962$2,329$1,819$1,487
22 years$4,416$3,489$2,730$2,117$1,631$1,317
23 years$4,180$3,263$2,520$1,928$1,464$1,168
24 years$3,963$3,057$2,331$1,759$1,316$1,037
25 years$3,764$2,869$2,159$1,606$1,184$922
26 years$3,581$2,697$2,002$1,469$1,066$821
27 years$3,411$2,538$1,859$1,344$961$731
28 years$3,254$2,391$1,728$1,232$867$651
29 years$3,108$2,256$1,608$1,129$783$580
30 years$2,972$2,131$1,498$1,037$708$518
31 years$2,845$2,014$1,397$952$640$462
32 years$2,726$1,906$1,303$875$579$413
33 years$2,615$1,805$1,217$805$524$368
34 years$2,510$1,710$1,137$740$474$329
35 years$2,412$1,622$1,063$681$430$294
36 years$2,319$1,540$994$628$389$263
37 years$2,231$1,463$931$578$353$235
38 years$2,149$1,390$872$533$320$210
39 years$2,070$1,322$817$491$290$188
40 years$1,996$1,257$765$453$263$168
41 years$1,926$1,197$718$418$239$151
42 years$1,859$1,140$673$386$217$135
43 years$1,795$1,086$632$356$197$121
44 years$1,735$1,035$593$329$178$108
45 years$1,677$987$557$304$162$97
46 years$1,622$942$523$281$147$87
47 years$1,570$899$491$259$134$78
48 years$1,519$858$462$240$121$69
49 years$1,471$819$434$221$110$62
50 years$1,425$783$408$205$100$56

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,460,000, adding $6,863 every year, while hoping to spend $25,754 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: 65/7/28 Blend
52$1,460,000$1,460,000$1,460,000$1,460,000
53$1,615,999$1,538,619$1,515,989$1,708,658
54$1,753,429$1,586,609$1,539,373$1,820,117
55$1,904,014$1,636,088$1,562,677$1,938,426
56$2,069,067$1,687,101$1,585,871$2,067,183
57$2,250,038$1,739,695$1,608,923$2,207,418
58$2,448,521$1,793,919$1,631,801$2,360,268
59$2,666,272$1,849,822$1,654,468$2,526,984
60$2,905,225$1,907,457$1,676,886$2,708,946
61$3,167,512$1,966,876$1,699,016$2,907,671
62$3,455,479$2,028,135$1,720,814$3,124,833
63$3,771,713$2,091,288$1,742,236$3,362,276
64$4,119,062$2,156,396$1,763,235$3,622,029
65$4,500,664$2,223,516$1,783,761$3,906,332
66$4,919,974$2,292,711$1,803,760$4,217,649
67$5,380,802$2,364,045$1,823,176$4,558,695
68$5,887,343$2,437,582$1,841,952$4,932,466
69$6,444,218$2,513,390$1,860,023$5,342,257
70$7,056,520$2,591,538$1,877,326$5,791,703
71$7,729,859$2,672,097$1,893,791$6,284,808
72$8,470,417$2,755,141$1,909,344$6,825,984
73$9,285,003$2,840,747$1,923,911$7,420,092
74$10,181,120$2,928,990$1,937,409$8,072,490
75$11,167,037$3,019,953$1,949,754$8,789,081
76$12,251,861$3,113,718$1,960,858$9,576,370
77$13,445,630$3,210,369$1,970,625$10,441,525
78$14,759,401$3,309,994$1,978,959$11,392,446
79$16,205,361$3,412,684$1,985,754$12,437,838
80$17,796,934$3,518,532$1,990,903$13,587,292
81$19,548,914$3,627,633$1,994,291$14,851,380
82$21,477,602$3,740,086$1,995,799$16,241,751
83$23,600,959$3,855,992$1,995,300$17,771,241
84$25,938,776$3,975,455$1,992,662$19,453,996
85$28,512,863$4,098,584$1,987,748$21,305,607
86$31,347,249$4,225,488$1,980,411$23,343,252
87$34,468,413$4,356,282$1,970,500$25,585,862
88$37,905,534$4,491,083$1,957,855$28,054,301
89$41,690,764$4,630,011$1,942,308$30,771,560
90$45,859,532$4,773,192$1,923,685$33,762,975
91$50,450,877$4,920,751$1,901,802$37,056,467
92$55,507,821$5,072,822$1,876,467$40,682,806
93$61,077,768$5,229,540$1,847,477$44,675,900
94$67,212,956$5,391,043$1,814,624$49,073,116
95$73,970,949$5,557,476$1,777,685$53,915,634
96$81,415,179$5,728,985$1,736,430$59,248,835
97$89,615,545$5,905,723$1,690,618$65,122,729
98$98,649,072$6,087,845$1,639,996$71,592,428
99$108,600,641$6,275,513$1,584,299$78,718,667
100$119,563,785$6,468,891$1,523,252$86,568,377