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%12%
1 years$120,565$119,492$118,444$117,421$116,422$115,447
2 years$59,686$58,574$57,497$56,452$55,439$54,456
3 years$39,395$38,279$37,204$36,170$35,173$34,213
4 years$29,252$28,139$27,075$26,058$25,086$24,155
5 years$23,168$22,061$21,011$20,015$19,070$18,172
6 years$19,113$18,015$16,980$16,006$15,089$14,226
7 years$16,217$15,129$14,111$13,160$12,272$11,443
8 years$14,047$12,968$11,967$11,039$10,180$9,386
9 years$12,360$11,291$10,307$9,403$8,573$7,813
10 years$11,011$9,953$8,986$8,106$7,305$6,579
11 years$9,908$8,860$7,911$7,054$6,283$5,589
12 years$8,989$7,952$7,021$6,188$5,444$4,784
13 years$8,213$7,187$6,273$5,463$4,748$4,119
14 years$7,548$6,532$5,636$4,849$4,162$3,564
15 years$6,972$5,968$5,089$4,325$3,664$3,097
16 years$6,468$5,475$4,614$3,872$3,238$2,700
17 years$6,025$5,042$4,198$3,479$2,871$2,362
18 years$5,631$4,659$3,832$3,135$2,553$2,071
19 years$5,279$4,318$3,508$2,833$2,276$1,820
20 years$4,962$4,013$3,220$2,566$2,033$1,602
21 years$4,676$3,738$2,962$2,329$1,819$1,413
22 years$4,416$3,489$2,730$2,117$1,631$1,248
23 years$4,180$3,263$2,520$1,928$1,464$1,104
24 years$3,963$3,057$2,331$1,759$1,316$977
25 years$3,764$2,869$2,159$1,606$1,184$866
26 years$3,581$2,697$2,002$1,469$1,066$768
27 years$3,411$2,538$1,859$1,344$961$682
28 years$3,254$2,391$1,728$1,232$867$605
29 years$3,108$2,256$1,608$1,129$783$538
30 years$2,972$2,131$1,498$1,037$708$478
31 years$2,845$2,014$1,397$952$640$426
32 years$2,726$1,906$1,303$875$579$379
33 years$2,615$1,805$1,217$805$524$337
34 years$2,510$1,710$1,137$740$474$300
35 years$2,412$1,622$1,063$681$430$267
36 years$2,319$1,540$994$628$389$238
37 years$2,231$1,463$931$578$353$212
38 years$2,149$1,390$872$533$320$189
39 years$2,070$1,322$817$491$290$169
40 years$1,996$1,257$765$453$263$150
41 years$1,926$1,197$718$418$239$134
42 years$1,859$1,140$673$386$217$120
43 years$1,795$1,086$632$356$197$107
44 years$1,735$1,035$593$329$178$95
45 years$1,677$987$557$304$162$85
46 years$1,622$942$523$281$147$76
47 years$1,570$899$491$259$134$68
48 years$1,519$858$462$240$121$60
49 years$1,471$819$434$221$110$54
50 years$1,425$783$408$205$100$48

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 $6,254 every year, while hoping to spend $49,735 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: 57/26/17 Blend
52$1,460,000$1,460,000$1,460,000$1,460,000
53$1,615,371$1,537,991$1,515,361$1,699,898
54$1,727,221$1,560,435$1,513,208$1,780,445
55$1,848,813$1,582,312$1,509,316$1,862,232
56$1,981,088$1,603,541$1,503,574$1,950,232
57$2,125,082$1,624,037$1,495,866$2,045,052
58$2,281,933$1,643,708$1,486,071$2,147,361
59$2,452,896$1,662,455$1,474,060$2,257,897
60$2,639,351$1,680,175$1,459,700$2,377,476
61$2,842,816$1,696,755$1,442,852$2,506,996
62$3,064,964$1,712,077$1,423,368$2,647,450
63$3,307,635$1,726,013$1,401,095$2,799,933
64$3,572,854$1,738,428$1,375,872$2,965,651
65$3,862,853$1,749,179$1,347,532$3,145,937
66$4,180,086$1,758,111$1,315,897$3,342,262
67$4,527,260$1,765,063$1,280,784$3,556,248
68$4,907,350$1,769,861$1,242,000$3,789,683
69$5,323,636$1,772,321$1,199,344$4,044,543
70$5,779,730$1,772,247$1,152,604$4,323,004
71$6,279,606$1,769,431$1,101,560$4,627,471
72$6,827,646$1,763,654$1,045,983$4,960,592
73$7,428,673$1,754,680$985,631$5,325,293
74$8,088,000$1,742,261$920,251$5,724,799
75$8,811,479$1,726,135$849,583$6,162,668
76$9,605,556$1,706,021$773,349$6,642,824
77$10,477,330$1,681,624$691,264$7,169,597
78$11,434,623$1,652,629$603,027$7,747,761
79$12,486,052$1,618,705$508,326$8,382,583
80$13,641,107$1,579,499$406,832$9,079,872
81$14,910,244$1,534,639$298,205$9,846,033
82$16,304,982$1,483,729$182,088$10,688,132
83$17,838,011$1,426,352$58,109$11,613,962
84$19,523,311$1,362,067$0$12,632,114
85$21,376,285$1,290,405$0$13,765,526
86$23,413,903$1,210,871$0$15,023,312
87$25,654,861$1,122,944$0$16,406,520
88$28,119,758$1,026,069$0$17,927,939
89$30,831,290$919,663$0$19,601,665
90$33,814,462$803,107$0$21,443,236
91$37,096,827$675,749$0$23,469,781
92$40,708,742$536,900$0$25,700,178
93$44,683,655$385,829$0$28,155,240
94$49,058,422$221,769$0$30,857,907
95$53,873,652$43,907$0$33,833,464
96$59,174,090$0$0$37,109,783
97$65,009,041$0$0$40,760,107
98$71,432,832$0$0$44,792,795
99$78,505,324$0$0$49,232,884
100$86,292,480$0$0$54,121,806