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%12.6%
1 years$123,043$121,947$120,878$119,834$118,815$117,525
2 years$60,912$59,778$58,678$57,612$56,578$55,280
3 years$40,205$39,065$37,969$36,913$35,896$34,629
4 years$29,853$28,717$27,632$26,594$25,601$24,375
5 years$23,644$22,515$21,443$20,426$19,462$18,280
6 years$19,505$18,385$17,329$16,335$15,399$14,264
7 years$16,551$15,440$14,401$13,430$12,524$11,436
8 years$14,336$13,235$12,213$11,266$10,390$9,348
9 years$12,614$11,523$10,519$9,596$8,750$7,754
10 years$11,237$10,157$9,171$8,272$7,455$6,505
11 years$10,111$9,042$8,074$7,199$6,412$5,507
12 years$9,174$8,116$7,165$6,315$5,556$4,695
13 years$8,381$7,334$6,402$5,575$4,845$4,027
14 years$7,703$6,667$5,752$4,949$4,247$3,471
15 years$7,115$6,090$5,193$4,413$3,740$3,004
16 years$6,601$5,588$4,708$3,952$3,305$2,608
17 years$6,148$5,146$4,284$3,551$2,930$2,272
18 years$5,746$4,755$3,911$3,200$2,606$1,983
19 years$5,387$4,407$3,580$2,891$2,322$1,735
20 years$5,064$4,095$3,286$2,619$2,074$1,521
21 years$4,772$3,815$3,022$2,377$1,856$1,336
22 years$4,507$3,561$2,786$2,161$1,664$1,174
23 years$4,266$3,330$2,572$1,968$1,494$1,034
24 years$4,045$3,120$2,379$1,795$1,343$911
25 years$3,841$2,928$2,203$1,639$1,208$804
26 years$3,654$2,752$2,043$1,499$1,088$709
27 years$3,481$2,590$1,897$1,372$981$627
28 years$3,321$2,441$1,764$1,257$885$554
29 years$3,172$2,302$1,641$1,153$799$490
30 years$3,033$2,174$1,529$1,058$722$433
31 years$2,903$2,055$1,425$972$653$384
32 years$2,782$1,945$1,330$893$591$340
33 years$2,668$1,842$1,242$821$535$301
34 years$2,562$1,746$1,160$755$484$267
35 years$2,461$1,656$1,085$695$438$236
36 years$2,366$1,572$1,015$640$397$210
37 years$2,277$1,493$950$590$360$186
38 years$2,193$1,418$889$544$326$165
39 years$2,113$1,349$833$502$296$146
40 years$2,037$1,283$781$463$268$130
41 years$1,965$1,222$732$427$244$115
42 years$1,897$1,163$687$394$221$102
43 years$1,832$1,108$645$364$201$91
44 years$1,770$1,057$605$336$182$80
45 years$1,711$1,008$568$310$165$71
46 years$1,655$961$534$286$150$63
47 years$1,602$917$501$265$136$56
48 years$1,551$876$471$244$124$50
49 years$1,502$836$443$226$112$44
50 years$1,455$799$416$209$102$39

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 $5,102 every year, while hoping to spend $43,365 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: 76/19/5 Blend
52$1,490,000$1,490,000$1,490,000$1,490,000
53$1,647,243$1,568,273$1,545,178$1,771,552
54$1,769,121$1,598,978$1,550,801$1,884,588
55$1,901,978$1,629,735$1,555,160$2,002,342
56$2,046,888$1,660,499$1,558,165$2,130,126
57$2,205,031$1,691,224$1,559,724$2,268,916
58$2,377,710$1,721,860$1,559,741$2,419,786
59$2,566,357$1,752,352$1,558,113$2,583,921
60$2,772,549$1,782,640$1,554,733$2,762,623
61$2,998,021$1,812,662$1,549,489$2,957,328
62$3,244,686$1,842,349$1,542,263$3,169,618
63$3,514,648$1,871,629$1,532,933$3,401,235
64$3,810,225$1,900,421$1,521,369$3,654,098
65$4,133,969$1,928,642$1,507,436$3,930,320
66$4,488,690$1,956,202$1,490,991$4,232,230
67$4,877,484$1,983,004$1,471,887$4,562,394
68$5,303,760$2,008,944$1,449,968$4,923,639
69$5,771,272$2,033,911$1,425,071$5,319,078
70$6,284,157$2,057,787$1,397,026$5,752,143
71$6,846,968$2,080,446$1,365,653$6,226,615
72$7,464,724$2,101,753$1,330,768$6,746,660
73$8,142,950$2,121,564$1,292,173$7,316,867
74$8,887,736$2,139,725$1,249,666$7,942,295
75$9,705,788$2,156,074$1,203,032$8,628,518
76$10,604,493$2,170,437$1,152,048$9,381,676
77$11,591,990$2,182,627$1,096,481$10,208,538
78$12,677,246$2,192,449$1,036,086$11,116,560
79$13,870,139$2,199,693$970,609$12,113,963
80$15,181,551$2,204,135$899,782$13,209,802
81$16,623,472$2,205,541$823,327$14,414,056
82$18,209,111$2,203,657$740,953$15,737,726
83$19,953,021$2,198,217$652,356$17,192,929
84$21,871,238$2,188,938$557,219$18,793,025
85$23,981,427$2,175,519$455,209$20,552,731
86$26,303,054$2,157,641$345,980$22,488,269
87$28,857,567$2,134,966$229,171$24,617,516
88$31,668,595$2,107,136$104,405$26,960,172
89$34,762,175$2,073,770$0$29,537,948
90$38,166,998$2,034,465$0$32,376,304
91$41,914,674$1,988,796$0$35,506,118
92$46,040,034$1,936,310$0$38,950,897
93$50,581,457$1,876,529$0$42,742,689
94$55,581,234$1,808,947$0$46,916,812
95$61,085,963$1,733,029$0$51,512,186
96$67,146,990$1,648,207$0$56,571,703
97$73,820,896$1,553,882$0$62,142,630
98$81,170,025$1,449,419$0$68,277,055
99$89,263,076$1,334,149$0$75,032,382
100$98,175,750$1,207,363$0$82,471,871