Can I retire at age 53 with 1,470,000?

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 $1,470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$121,391$120,310$119,255$118,225$117,220$114,900
2 years$60,095$58,975$57,891$56,839$55,819$53,492
3 years$39,665$38,541$37,459$36,417$35,414$33,152
4 years$29,452$28,332$27,261$26,237$25,257$23,078
5 years$23,326$22,212$21,155$20,152$19,200$17,109
6 years$19,244$18,138$17,097$16,116$15,193$13,192
7 years$16,329$15,232$14,207$13,250$12,356$10,447
8 years$14,143$13,057$12,049$11,115$10,250$8,432
9 years$12,444$11,368$10,378$9,467$8,632$6,904
10 years$11,086$10,021$9,048$8,161$7,355$5,715
11 years$9,976$8,921$7,965$7,103$6,326$4,771
12 years$9,051$8,007$7,069$6,230$5,482$4,011
13 years$8,269$7,236$6,316$5,500$4,780$3,391
14 years$7,599$6,577$5,675$4,882$4,190$2,880
15 years$7,020$6,008$5,124$4,354$3,689$2,455
16 years$6,513$5,513$4,645$3,899$3,261$2,099
17 years$6,066$5,077$4,227$3,503$2,891$1,800
18 years$5,669$4,691$3,859$3,157$2,571$1,547
19 years$5,315$4,348$3,532$2,852$2,291$1,332
20 years$4,996$4,040$3,242$2,583$2,047$1,148
21 years$4,708$3,763$2,982$2,345$1,831$992
22 years$4,447$3,513$2,748$2,132$1,642$857
23 years$4,208$3,286$2,538$1,942$1,474$742
24 years$3,990$3,078$2,347$1,771$1,325$643
25 years$3,790$2,889$2,174$1,617$1,192$557
26 years$3,605$2,715$2,016$1,479$1,074$483
27 years$3,435$2,555$1,872$1,353$968$420
28 years$3,276$2,408$1,740$1,240$873$364
29 years$3,129$2,271$1,619$1,137$789$316
30 years$2,992$2,145$1,508$1,044$713$275
31 years$2,864$2,028$1,406$958$644$239
32 years$2,745$1,919$1,312$881$583$208
33 years$2,633$1,817$1,225$810$527$181
34 years$2,527$1,722$1,145$745$478$157
35 years$2,428$1,633$1,070$686$433$137
36 years$2,335$1,550$1,001$632$392$119
37 years$2,247$1,473$937$582$355$104
38 years$2,163$1,399$877$537$322$90
39 years$2,084$1,331$822$495$292$78
40 years$2,010$1,266$771$456$265$68
41 years$1,939$1,205$723$421$240$59
42 years$1,872$1,148$678$389$218$52
43 years$1,808$1,094$636$359$198$45
44 years$1,747$1,042$597$331$180$39
45 years$1,689$994$561$306$163$34
46 years$1,633$948$526$283$148$30
47 years$1,580$905$495$261$134$26
48 years$1,530$864$465$241$122$23
49 years$1,481$825$437$223$111$20
50 years$1,435$788$411$206$101$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,470,000, adding $3,082 every year, while hoping to spend $27,624 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: 68/10/22 Blend
52$1,470,000$1,470,000$1,470,000$1,470,000
53$1,623,119$1,545,209$1,522,424$1,724,287
54$1,759,286$1,591,533$1,544,034$1,838,756
55$1,908,415$1,639,200$1,565,441$1,960,451
56$2,071,801$1,688,248$1,586,611$2,092,922
57$2,250,867$1,738,715$1,607,505$2,237,232
58$2,447,182$1,790,638$1,628,082$2,394,551
59$2,662,472$1,844,058$1,648,301$2,566,168
60$2,898,641$1,899,013$1,668,116$2,753,502
61$3,157,784$1,955,547$1,687,480$2,958,118
62$3,442,210$2,013,700$1,706,342$3,181,737
63$3,754,460$2,073,516$1,724,649$3,426,259
64$4,097,336$2,135,039$1,742,346$3,693,774
65$4,473,923$2,198,315$1,759,373$3,986,585
66$4,887,619$2,263,388$1,775,668$4,307,231
67$5,342,169$2,330,307$1,791,166$4,658,505
68$5,841,698$2,399,120$1,805,797$5,043,490
69$6,390,749$2,469,875$1,819,490$5,465,580
70$6,994,329$2,542,623$1,832,167$5,928,512
71$7,657,954$2,617,414$1,843,747$6,436,409
72$8,387,700$2,694,302$1,854,147$6,993,810
73$9,190,262$2,773,339$1,863,278$7,605,717
74$10,073,016$2,854,580$1,871,045$8,277,642
75$11,044,090$2,938,081$1,877,351$9,015,659
76$12,112,437$3,023,897$1,882,093$9,826,461
77$13,287,924$3,112,087$1,885,161$10,717,422
78$14,581,422$3,202,708$1,886,443$11,696,669
79$16,004,907$3,295,821$1,885,819$12,773,157
80$17,571,577$3,391,486$1,883,164$13,956,753
81$19,295,974$3,489,765$1,878,346$15,258,330
82$21,194,121$3,590,720$1,871,228$16,689,872
83$23,283,672$3,694,417$1,861,665$18,264,581
84$25,584,082$3,800,918$1,849,506$19,997,009
85$28,116,786$3,910,290$1,834,591$21,903,190
86$30,905,404$4,022,601$1,816,756$24,000,793
87$33,975,963$4,137,916$1,795,826$26,309,289
88$37,357,143$4,256,306$1,771,618$28,850,135
89$41,080,546$4,377,839$1,743,941$31,646,977
90$45,180,994$4,502,586$1,712,596$34,725,872
91$49,696,861$4,630,618$1,677,373$38,115,534
92$54,670,429$4,762,007$1,638,054$41,847,608
93$60,148,293$4,896,825$1,594,408$45,956,964
94$66,181,795$5,035,146$1,546,197$50,482,031
95$72,827,514$5,177,043$1,493,170$55,465,156
96$80,147,793$5,322,592$1,435,065$60,953,007
97$88,211,336$5,471,866$1,371,607$66,997,012
98$97,093,846$5,624,941$1,302,510$73,653,844
99$106,878,748$5,781,894$1,227,474$80,985,957
100$117,657,973$5,942,799$1,146,186$89,062,178