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

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 $1,480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$122,217$121,128$120,066$119,030$118,017$113,604
2 years$60,503$59,377$58,285$57,226$56,199$51,803
3 years$39,935$38,803$37,714$36,665$35,655$31,415
4 years$29,653$28,525$27,446$26,415$25,429$21,378
5 years$23,485$22,364$21,299$20,289$19,331$15,478
6 years$19,375$18,262$17,213$16,226$15,296$11,644
7 years$16,440$15,336$14,304$13,340$12,440$8,988
8 years$14,239$13,146$12,131$11,191$10,320$7,065
9 years$12,529$11,446$10,448$9,532$8,691$5,629
10 years$11,162$10,089$9,109$8,217$7,405$4,530
11 years$10,044$8,982$8,020$7,151$6,369$3,674
12 years$9,112$8,061$7,117$6,272$5,519$2,999
13 years$8,325$7,285$6,359$5,537$4,813$2,459
14 years$7,651$6,622$5,713$4,916$4,219$2,025
15 years$7,067$6,049$5,158$4,384$3,714$1,672
16 years$6,557$5,550$4,677$3,925$3,283$1,385
17 years$6,107$5,111$4,256$3,527$2,911$1,149
18 years$5,708$4,723$3,885$3,178$2,588$955
19 years$5,351$4,377$3,556$2,872$2,307$795
20 years$5,030$4,068$3,264$2,601$2,061$662
21 years$4,740$3,789$3,002$2,361$1,844$552
22 years$4,477$3,537$2,767$2,146$1,653$461
23 years$4,237$3,308$2,555$1,955$1,484$385
24 years$4,017$3,099$2,363$1,783$1,334$322
25 years$3,816$2,909$2,188$1,628$1,200$269
26 years$3,630$2,734$2,030$1,489$1,081$225
27 years$3,458$2,573$1,885$1,363$975$189
28 years$3,299$2,424$1,752$1,248$879$158
29 years$3,151$2,287$1,630$1,145$794$132
30 years$3,013$2,160$1,519$1,051$717$111
31 years$2,884$2,042$1,416$965$649$93
32 years$2,763$1,932$1,321$887$587$78
33 years$2,650$1,829$1,233$816$531$65
34 years$2,544$1,734$1,152$750$481$54
35 years$2,445$1,645$1,077$691$435$46
36 years$2,351$1,561$1,008$636$395$38
37 years$2,262$1,483$943$586$358$32
38 years$2,178$1,409$883$540$324$27
39 years$2,099$1,340$828$498$294$23
40 years$2,023$1,275$776$459$267$19
41 years$1,952$1,213$727$424$242$16
42 years$1,884$1,156$682$391$220$13
43 years$1,820$1,101$640$361$199$11
44 years$1,758$1,050$601$333$181$9
45 years$1,700$1,001$564$308$164$8
46 years$1,644$955$530$284$149$7
47 years$1,591$911$498$263$135$5
48 years$1,540$870$468$243$123$5
49 years$1,492$831$440$224$112$4
50 years$1,445$793$414$207$101$3

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 $5,329 every year, while hoping to spend $47,859 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: 64/26/10 Blend
52$1,480,000$1,480,000$1,480,000$1,480,000
53$1,636,457$1,558,017$1,535,077$1,737,297
54$1,752,454$1,583,438$1,535,580$1,830,683
55$1,878,679$1,608,501$1,534,497$1,926,561
56$2,016,124$1,633,137$1,531,722$2,030,066
57$2,165,881$1,657,274$1,527,148$2,141,936
58$2,329,154$1,680,833$1,520,660$2,262,987
59$2,507,264$1,703,731$1,512,139$2,394,117
60$2,701,669$1,725,877$1,501,459$2,536,316
61$2,913,971$1,747,177$1,488,490$2,690,674
62$3,145,935$1,767,527$1,473,093$2,858,395
63$3,399,503$1,786,819$1,455,124$3,040,803
64$3,676,815$1,804,936$1,434,434$3,239,361
65$3,980,225$1,821,753$1,410,862$3,455,679
66$4,312,327$1,837,138$1,384,245$3,691,532
67$4,675,976$1,850,949$1,354,409$3,948,879
68$5,074,316$1,863,037$1,321,173$4,229,878
69$5,510,812$1,873,241$1,284,347$4,536,908
70$5,989,275$1,881,390$1,243,734$4,872,592
71$6,513,908$1,887,304$1,199,125$5,239,822
72$7,089,335$1,890,791$1,150,304$5,641,786
73$7,720,652$1,891,645$1,097,045$6,081,998
74$8,413,473$1,889,649$1,039,109$6,564,333
75$9,173,978$1,884,573$976,251$7,093,065
76$10,008,978$1,876,172$908,210$7,672,901
77$10,925,975$1,864,186$834,716$8,309,034
78$11,933,232$1,848,338$755,487$9,007,188
79$13,039,853$1,828,338$670,227$9,773,674
80$14,255,866$1,803,875$578,627$10,615,448
81$15,592,320$1,774,620$480,367$11,540,180
82$17,061,387$1,740,227$375,109$12,556,326
83$18,676,476$1,700,325$262,502$13,673,206
84$20,452,360$1,654,525$142,181$14,901,096
85$22,405,318$1,602,414$13,761$16,251,325
86$24,553,283$1,543,554$0$17,736,378
87$26,916,012$1,477,483$0$19,383,179
88$29,515,276$1,403,710$0$21,196,169
89$32,375,060$1,321,718$0$23,190,654
90$35,521,794$1,230,960$0$25,385,124
91$38,984,595$1,130,855$0$27,799,958
92$42,795,548$1,020,791$0$30,457,618
93$46,990,006$900,123$0$33,382,860
94$51,606,923$768,164$0$36,602,970
95$56,689,219$624,194$0$40,148,023
96$62,284,188$467,448$0$44,051,166
97$68,443,943$297,121$0$48,348,934
98$75,225,906$112,361$0$53,081,592
99$82,693,351$0$0$58,293,520
100$90,916,000$0$0$64,058,734