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%15%
1 years$123,043$121,947$120,878$119,834$118,815$116,368
2 years$60,912$59,778$58,678$57,612$56,578$54,125
3 years$40,205$39,065$37,969$36,913$35,896$33,511
4 years$29,853$28,717$27,632$26,594$25,601$23,305
5 years$23,644$22,515$21,443$20,426$19,462$17,259
6 years$19,505$18,385$17,329$16,335$15,399$13,294
7 years$16,551$15,440$14,401$13,430$12,524$10,515
8 years$14,336$13,235$12,213$11,266$10,390$8,477
9 years$12,614$11,523$10,519$9,596$8,750$6,933
10 years$11,237$10,157$9,171$8,272$7,455$5,731
11 years$10,111$9,042$8,074$7,199$6,412$4,779
12 years$9,174$8,116$7,165$6,315$5,556$4,012
13 years$8,381$7,334$6,402$5,575$4,845$3,388
14 years$7,703$6,667$5,752$4,949$4,247$2,873
15 years$7,115$6,090$5,193$4,413$3,740$2,446
16 years$6,601$5,588$4,708$3,952$3,305$2,089
17 years$6,148$5,146$4,284$3,551$2,930$1,788
18 years$5,746$4,755$3,911$3,200$2,606$1,534
19 years$5,387$4,407$3,580$2,891$2,322$1,319
20 years$5,064$4,095$3,286$2,619$2,074$1,136
21 years$4,772$3,815$3,022$2,377$1,856$979
22 years$4,507$3,561$2,786$2,161$1,664$846
23 years$4,266$3,330$2,572$1,968$1,494$731
24 years$4,045$3,120$2,379$1,795$1,343$632
25 years$3,841$2,928$2,203$1,639$1,208$547
26 years$3,654$2,752$2,043$1,499$1,088$474
27 years$3,481$2,590$1,897$1,372$981$410
28 years$3,321$2,441$1,764$1,257$885$356
29 years$3,172$2,302$1,641$1,153$799$309
30 years$3,033$2,174$1,529$1,058$722$268
31 years$2,903$2,055$1,425$972$653$232
32 years$2,782$1,945$1,330$893$591$202
33 years$2,668$1,842$1,242$821$535$175
34 years$2,562$1,746$1,160$755$484$152
35 years$2,461$1,656$1,085$695$438$132
36 years$2,366$1,572$1,015$640$397$115
37 years$2,277$1,493$950$590$360$100
38 years$2,193$1,418$889$544$326$87
39 years$2,113$1,349$833$502$296$75
40 years$2,037$1,283$781$463$268$65
41 years$1,965$1,222$732$427$244$57
42 years$1,897$1,163$687$394$221$49
43 years$1,832$1,108$645$364$201$43
44 years$1,770$1,057$605$336$182$37
45 years$1,711$1,008$568$310$165$32
46 years$1,655$961$534$286$150$28
47 years$1,602$917$501$265$136$25
48 years$1,551$876$471$244$124$21
49 years$1,502$836$443$226$112$19
50 years$1,455$799$416$209$102$16

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 $6,157 every year, while hoping to spend $27,752 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: 44/48/8 Blend
52$1,490,000$1,490,000$1,490,000$1,490,000
53$1,648,331$1,569,361$1,546,266$1,716,841
54$1,786,933$1,616,732$1,568,538$1,812,290
55$1,938,742$1,665,494$1,590,626$1,912,344
56$2,105,076$1,715,685$1,612,494$2,020,145
57$2,287,387$1,767,347$1,634,106$2,136,414
58$2,487,272$1,820,519$1,655,420$2,261,942
59$2,706,493$1,875,243$1,676,396$2,397,602
60$2,946,988$1,931,563$1,696,988$2,544,351
61$3,210,894$1,989,522$1,717,150$2,703,244
62$3,500,562$2,049,166$1,736,831$2,875,439
63$3,818,584$2,110,540$1,755,980$3,062,213
64$4,167,815$2,173,691$1,774,541$3,264,968
65$4,551,399$2,238,669$1,792,455$3,485,249
66$4,972,800$2,305,523$1,809,661$3,724,756
67$5,435,835$2,374,302$1,826,093$3,985,359
68$5,944,707$2,445,060$1,841,685$4,269,117
69$6,504,048$2,517,849$1,856,362$4,578,297
70$7,118,961$2,592,724$1,870,050$4,915,394
71$7,795,068$2,669,740$1,882,670$5,283,155
72$8,538,561$2,748,954$1,894,136$5,684,606
73$9,356,265$2,830,424$1,904,360$6,123,077
74$10,255,699$2,914,209$1,913,250$6,602,236
75$11,245,145$3,000,370$1,920,709$7,126,122
76$12,333,730$3,088,968$1,926,634$7,699,183
77$13,531,511$3,180,069$1,930,916$8,326,319
78$14,849,568$3,273,734$1,933,444$9,012,925
79$16,300,108$3,370,032$1,934,099$9,764,944
80$17,896,584$3,469,028$1,932,756$10,588,922
81$19,653,817$3,570,792$1,929,285$11,492,070
82$21,588,139$3,675,393$1,923,549$12,482,332
83$23,717,546$3,782,904$1,915,404$13,568,456
84$26,061,865$3,893,396$1,904,700$14,760,082
85$28,642,946$4,006,943$1,891,278$16,067,828
86$31,484,865$4,123,622$1,874,975$17,503,393
87$34,614,151$4,243,509$1,855,616$19,079,664
88$38,060,035$4,366,682$1,833,020$20,810,840
89$41,854,730$4,493,220$1,806,997$22,712,564
90$46,033,729$4,623,205$1,777,348$24,802,072
91$50,636,146$4,756,718$1,743,865$27,098,352
92$55,705,078$4,893,843$1,706,331$29,622,326
93$61,288,020$5,034,664$1,664,516$32,397,047
94$67,437,303$5,179,268$1,618,183$35,447,913
95$74,210,598$5,327,742$1,567,082$38,802,911
96$81,671,451$5,480,174$1,510,951$42,492,877
97$89,889,890$5,636,653$1,449,519$46,551,788
98$98,943,079$5,797,270$1,382,498$51,017,082
99$108,916,054$5,962,116$1,309,592$55,930,012
100$119,902,516$6,131,285$1,230,489$61,336,034