Can I retire at age 53 with 1,490,000?

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 $1,490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$123,043$121,947$120,878$119,834$118,815$118,115
2 years$60,912$59,778$58,678$57,612$56,578$55,873
3 years$40,205$39,065$37,969$36,913$35,896$35,206
4 years$29,853$28,717$27,632$26,594$25,601$24,932
5 years$23,644$22,515$21,443$20,426$19,462$18,816
6 years$19,505$18,385$17,329$16,335$15,399$14,777
7 years$16,551$15,440$14,401$13,430$12,524$11,926
8 years$14,336$13,235$12,213$11,266$10,390$9,816
9 years$12,614$11,523$10,519$9,596$8,750$8,199
10 years$11,237$10,157$9,171$8,272$7,455$6,929
11 years$10,111$9,042$8,074$7,199$6,412$5,908
12 years$9,174$8,116$7,165$6,315$5,556$5,076
13 years$8,381$7,334$6,402$5,575$4,845$4,387
14 years$7,703$6,667$5,752$4,949$4,247$3,811
15 years$7,115$6,090$5,193$4,413$3,740$3,325
16 years$6,601$5,588$4,708$3,952$3,305$2,911
17 years$6,148$5,146$4,284$3,551$2,930$2,557
18 years$5,746$4,755$3,911$3,200$2,606$2,251
19 years$5,387$4,407$3,580$2,891$2,322$1,987
20 years$5,064$4,095$3,286$2,619$2,074$1,757
21 years$4,772$3,815$3,022$2,377$1,856$1,556
22 years$4,507$3,561$2,786$2,161$1,664$1,381
23 years$4,266$3,330$2,572$1,968$1,494$1,227
24 years$4,045$3,120$2,379$1,795$1,343$1,091
25 years$3,841$2,928$2,203$1,639$1,208$971
26 years$3,654$2,752$2,043$1,499$1,088$865
27 years$3,481$2,590$1,897$1,372$981$772
28 years$3,321$2,441$1,764$1,257$885$689
29 years$3,172$2,302$1,641$1,153$799$615
30 years$3,033$2,174$1,529$1,058$722$550
31 years$2,903$2,055$1,425$972$653$491
32 years$2,782$1,945$1,330$893$591$439
33 years$2,668$1,842$1,242$821$535$393
34 years$2,562$1,746$1,160$755$484$352
35 years$2,461$1,656$1,085$695$438$315
36 years$2,366$1,572$1,015$640$397$282
37 years$2,277$1,493$950$590$360$253
38 years$2,193$1,418$889$544$326$226
39 years$2,113$1,349$833$502$296$203
40 years$2,037$1,283$781$463$268$182
41 years$1,965$1,222$732$427$244$163
42 years$1,897$1,163$687$394$221$146
43 years$1,832$1,108$645$364$201$131
44 years$1,770$1,057$605$336$182$117
45 years$1,711$1,008$568$310$165$105
46 years$1,655$961$534$286$150$95
47 years$1,602$917$501$265$136$85
48 years$1,551$876$471$244$124$76
49 years$1,502$836$443$226$112$68
50 years$1,455$799$416$209$102$61

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,490,000, adding $6,734 every year, while hoping to spend $40,302 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: 45/31/24 Blend
52$1,490,000$1,490,000$1,490,000$1,490,000
53$1,648,926$1,569,956$1,546,861$1,711,440
54$1,774,236$1,604,003$1,555,800$1,790,314
55$1,910,976$1,638,367$1,563,687$1,871,348
56$2,060,270$1,673,022$1,570,446$1,958,426
57$2,223,356$1,707,938$1,575,994$2,052,129
58$2,401,593$1,743,082$1,580,245$2,153,103
59$2,596,482$1,778,420$1,583,109$2,262,056
60$2,809,672$1,813,911$1,584,492$2,379,770
61$3,042,980$1,849,514$1,584,294$2,507,109
62$3,298,408$1,885,184$1,582,412$2,645,024
63$3,578,157$1,920,870$1,578,735$2,794,564
64$3,884,656$1,956,520$1,573,149$2,956,888
65$4,220,576$1,992,074$1,565,534$3,133,271
66$4,588,860$2,027,471$1,555,765$3,325,121
67$4,992,748$2,062,642$1,543,708$3,533,992
68$5,435,812$2,097,515$1,529,226$3,761,596
69$5,921,984$2,132,011$1,512,173$4,009,820
70$6,455,594$2,166,048$1,492,399$4,280,749
71$7,041,413$2,199,533$1,469,743$4,576,680
72$7,684,698$2,232,370$1,444,040$4,900,146
73$8,391,237$2,264,456$1,415,115$5,253,942
74$9,167,408$2,295,680$1,382,786$5,641,148
75$10,020,236$2,325,921$1,346,863$6,065,163
76$10,957,463$2,355,054$1,307,145$6,529,735
77$11,987,614$2,382,941$1,263,424$7,038,996
78$13,120,084$2,409,439$1,215,483$7,597,504
79$14,365,223$2,434,392$1,163,091$8,210,284
80$15,734,433$2,457,634$1,106,012$8,882,878
81$17,240,277$2,478,990$1,043,995$9,621,397
82$18,896,596$2,498,271$976,780$10,432,580
83$20,718,641$2,515,279$904,095$11,323,856
84$22,723,215$2,529,799$825,654$12,303,419
85$24,928,829$2,541,606$741,160$13,380,302
86$27,355,884$2,550,459$650,303$14,564,465
87$30,026,854$2,556,102$552,758$15,866,891
88$32,966,504$2,558,262$448,186$17,299,688
89$36,202,122$2,556,650$336,234$18,876,206
90$39,763,772$2,550,961$216,533$20,611,164
91$43,684,586$2,540,867$88,695$22,520,789
92$48,001,067$2,526,023$0$24,622,973
93$52,753,440$2,506,062$0$26,949,661
94$57,986,028$2,480,595$0$29,535,410
95$63,747,669$2,449,211$0$32,381,566
96$70,092,180$2,411,471$0$35,514,675
97$77,078,861$2,366,912$0$38,963,991
98$84,773,059$2,315,045$0$42,761,760
99$93,246,778$2,255,349$0$46,943,519
100$102,579,362$2,187,274$0$51,548,434