Can I retire at age 53 with 1,480,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$122,217$121,128$120,066$119,030$118,017$114,885
2 years$60,503$59,377$58,285$57,226$56,199$53,065
3 years$39,935$38,803$37,714$36,665$35,655$32,617
4 years$29,653$28,525$27,446$26,415$25,429$22,511
5 years$23,485$22,364$21,299$20,289$19,331$16,541
6 years$19,375$18,262$17,213$16,226$15,296$12,637
7 years$16,440$15,336$14,304$13,340$12,440$9,911
8 years$14,239$13,146$12,131$11,191$10,320$7,921
9 years$12,529$11,446$10,448$9,532$8,691$6,419
10 years$11,162$10,089$9,109$8,217$7,405$5,258
11 years$10,044$8,982$8,020$7,151$6,369$4,343
12 years$9,112$8,061$7,117$6,272$5,519$3,610
13 years$8,325$7,285$6,359$5,537$4,813$3,018
14 years$7,651$6,622$5,713$4,916$4,219$2,533
15 years$7,067$6,049$5,158$4,384$3,714$2,134
16 years$6,557$5,550$4,677$3,925$3,283$1,803
17 years$6,107$5,111$4,256$3,527$2,911$1,527
18 years$5,708$4,723$3,885$3,178$2,588$1,296
19 years$5,351$4,377$3,556$2,872$2,307$1,102
20 years$5,030$4,068$3,264$2,601$2,061$938
21 years$4,740$3,789$3,002$2,361$1,844$800
22 years$4,477$3,537$2,767$2,146$1,653$682
23 years$4,237$3,308$2,555$1,955$1,484$583
24 years$4,017$3,099$2,363$1,783$1,334$498
25 years$3,816$2,909$2,188$1,628$1,200$426
26 years$3,630$2,734$2,030$1,489$1,081$364
27 years$3,458$2,573$1,885$1,363$975$312
28 years$3,299$2,424$1,752$1,248$879$267
29 years$3,151$2,287$1,630$1,145$794$229
30 years$3,013$2,160$1,519$1,051$717$196
31 years$2,884$2,042$1,416$965$649$168
32 years$2,763$1,932$1,321$887$587$144
33 years$2,650$1,829$1,233$816$531$124
34 years$2,544$1,734$1,152$750$481$106
35 years$2,445$1,645$1,077$691$435$91
36 years$2,351$1,561$1,008$636$395$78
37 years$2,262$1,483$943$586$358$67
38 years$2,178$1,409$883$540$324$57
39 years$2,099$1,340$828$498$294$49
40 years$2,023$1,275$776$459$267$42
41 years$1,952$1,213$727$424$242$36
42 years$1,884$1,156$682$391$220$31
43 years$1,820$1,101$640$361$199$27
44 years$1,758$1,050$601$333$181$23
45 years$1,700$1,001$564$308$164$20
46 years$1,644$955$530$284$149$17
47 years$1,591$911$498$263$135$14
48 years$1,540$870$468$243$123$12
49 years$1,492$831$440$224$112$11
50 years$1,445$793$414$207$101$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,480,000, adding $2,018 every year, while hoping to spend $42,283 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: 53/40/7 Blend
52$1,480,000$1,480,000$1,480,000$1,480,000
53$1,633,042$1,554,602$1,531,662$1,716,755
54$1,754,623$1,585,788$1,537,983$1,804,887
55$1,887,189$1,617,086$1,543,100$1,895,923
56$2,031,814$1,648,455$1,546,926$1,993,944
57$2,189,684$1,679,854$1,549,373$2,099,616
58$2,362,101$1,711,236$1,550,346$2,213,674
59$2,550,500$1,742,552$1,549,747$2,336,929
60$2,756,460$1,773,747$1,547,474$2,470,273
61$2,981,722$1,804,763$1,543,417$2,614,690
62$3,228,200$1,835,539$1,537,463$2,771,265
63$3,498,003$1,866,006$1,529,494$2,941,191
64$3,793,451$1,896,093$1,519,385$3,125,786
65$4,117,104$1,925,721$1,507,005$3,326,502
66$4,471,775$1,954,809$1,492,216$3,544,938
67$4,860,567$1,983,265$1,474,876$3,782,858
68$5,286,894$2,010,995$1,454,834$4,042,205
69$5,754,520$2,037,896$1,431,933$4,325,124
70$6,267,586$2,063,858$1,406,008$4,633,975
71$6,830,658$2,088,765$1,376,888$4,971,364
72$7,448,762$2,112,491$1,344,390$5,340,161
73$8,127,436$2,134,903$1,308,327$5,743,530
74$8,872,780$2,155,859$1,268,502$6,184,962
75$9,691,514$2,175,207$1,224,707$6,668,302
76$10,591,040$2,192,784$1,176,727$7,197,791
77$11,579,515$2,208,419$1,124,336$7,778,103
78$12,665,922$2,221,928$1,067,298$8,414,391
79$13,860,160$2,233,116$1,005,366$9,112,338
80$15,173,132$2,241,775$938,282$9,878,207
81$16,616,854$2,247,684$865,777$10,718,902
82$18,204,561$2,250,609$787,568$11,642,037
83$19,950,837$2,250,300$703,363$12,656,002
84$21,871,750$2,246,492$612,853$13,770,049
85$23,985,003$2,238,904$515,718$14,994,378
86$26,310,101$2,227,238$411,622$16,340,230
87$28,868,535$2,211,178$300,216$17,820,001
88$31,683,987$2,190,386$181,134$19,447,355
89$34,782,546$2,164,508$53,994$21,237,352
90$38,192,963$2,133,166$0$23,206,598
91$41,946,914$2,095,959$0$25,379,498
92$46,079,303$2,052,466$0$27,774,827
93$50,628,591$2,002,235$0$30,410,825
94$55,637,156$1,944,794$0$33,312,042
95$61,151,695$1,879,637$0$36,505,542
96$67,223,662$1,806,234$0$40,021,154
97$73,909,757$1,724,021$0$43,891,757
98$81,272,456$1,632,402$0$48,153,591
99$89,380,603$1,530,746$0$52,846,601
100$98,310,059$1,418,387$0$58,014,814