Can I retire at age 53 with 1,500,000?

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 $1,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$123,869$122,765$121,689$120,638$119,612$117,631
2 years$61,321$60,179$59,072$57,999$56,958$54,968
3 years$40,475$39,328$38,224$37,161$36,137$34,199
4 years$30,053$28,910$27,817$26,772$25,773$23,903
5 years$23,802$22,666$21,587$20,564$19,592$17,796
6 years$19,636$18,508$17,446$16,445$15,503$13,781
7 years$16,662$15,543$14,497$13,520$12,608$10,962
8 years$14,432$13,323$12,295$11,342$10,459$8,889
9 years$12,698$11,600$10,590$9,661$8,808$7,313
10 years$11,312$10,225$9,232$8,328$7,505$6,083
11 years$10,179$9,103$8,128$7,247$6,455$5,104
12 years$9,236$8,170$7,213$6,357$5,593$4,313
13 years$8,438$7,384$6,445$5,612$4,878$3,666
14 years$7,754$6,711$5,791$4,982$4,276$3,130
15 years$7,163$6,131$5,228$4,443$3,765$2,683
16 years$6,646$5,625$4,740$3,978$3,327$2,307
17 years$6,190$5,181$4,313$3,574$2,950$1,990
18 years$5,785$4,787$3,937$3,221$2,623$1,720
19 years$5,423$4,437$3,605$2,911$2,338$1,490
20 years$5,098$4,123$3,308$2,636$2,088$1,292
21 years$4,804$3,840$3,043$2,393$1,869$1,123
22 years$4,537$3,585$2,804$2,175$1,675$977
23 years$4,294$3,353$2,589$1,981$1,504$851
24 years$4,072$3,141$2,395$1,807$1,352$741
25 years$3,867$2,948$2,218$1,650$1,216$647
26 years$3,679$2,770$2,057$1,509$1,096$565
27 years$3,505$2,607$1,910$1,381$988$493
28 years$3,343$2,457$1,776$1,265$891$431
29 years$3,193$2,318$1,652$1,160$805$377
30 years$3,053$2,189$1,539$1,065$727$330
31 years$2,923$2,069$1,435$978$657$288
32 years$2,801$1,958$1,339$899$595$253
33 years$2,686$1,854$1,250$827$538$221
34 years$2,579$1,757$1,168$761$487$194
35 years$2,478$1,667$1,092$700$441$170
36 years$2,382$1,582$1,022$645$400$149
37 years$2,292$1,503$956$594$362$130
38 years$2,207$1,428$895$548$329$114
39 years$2,127$1,358$839$505$298$100
40 years$2,051$1,292$786$466$270$88
41 years$1,978$1,230$737$430$245$77
42 years$1,910$1,171$692$397$222$67
43 years$1,844$1,116$649$366$202$59
44 years$1,782$1,064$609$338$183$52
45 years$1,723$1,014$572$312$166$45
46 years$1,666$968$537$288$151$40
47 years$1,613$923$505$266$137$35
48 years$1,561$882$474$246$125$31
49 years$1,512$842$446$227$113$27
50 years$1,465$804$419$210$103$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,500,000, adding $6,882 every year, while hoping to spend $50,399 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: 73/20/7 Blend
52$1,500,000$1,500,000$1,500,000$1,500,000
53$1,660,099$1,580,599$1,557,349$1,779,144
54$1,775,805$1,604,424$1,555,896$1,882,377
55$1,901,623$1,627,727$1,552,705$1,988,398
56$2,038,533$1,650,430$1,547,665$2,103,086
57$2,187,611$1,672,449$1,540,659$2,227,281
58$2,350,040$1,693,692$1,531,564$2,361,909
59$2,527,125$1,714,064$1,520,252$2,507,988
60$2,720,301$1,733,461$1,506,589$2,666,641
61$2,931,145$1,751,775$1,490,434$2,839,107
62$3,161,397$1,768,887$1,471,638$3,026,747
63$3,412,970$1,784,672$1,450,049$3,231,065
64$3,687,970$1,798,998$1,425,502$3,453,715
65$3,988,717$1,811,723$1,397,831$3,696,521
66$4,317,764$1,822,696$1,366,856$3,961,493
67$4,677,923$1,831,755$1,332,393$4,250,846
68$5,072,290$1,838,730$1,294,247$4,567,022
69$5,504,275$1,843,439$1,252,216$4,912,710
70$5,977,633$1,845,690$1,206,087$5,290,875
71$6,496,499$1,845,276$1,155,638$5,704,786
72$7,065,428$1,841,980$1,100,638$6,158,043
73$7,689,435$1,835,571$1,040,843$6,654,617
74$8,374,046$1,825,802$976,000$7,198,882
75$9,125,346$1,812,414$905,843$7,795,661
76$9,950,039$1,795,130$830,097$8,450,268
77$10,855,509$1,773,657$748,471$9,168,562
78$11,849,890$1,747,685$660,663$9,956,999
79$12,942,142$1,716,885$566,358$10,822,695
80$14,142,135$1,680,907$465,227$11,773,495
81$15,460,745$1,639,384$356,924$12,818,044
82$16,909,950$1,591,923$241,090$13,965,873
83$18,502,949$1,538,111$117,350$15,227,484
84$20,254,282$1,477,510$0$16,614,454
85$22,179,967$1,409,657$0$18,140,643
86$24,297,655$1,334,061$0$19,828,440
87$26,626,789$1,250,204$0$21,684,608
88$29,188,795$1,157,537$0$23,726,265
89$32,007,277$1,055,481$0$25,972,278
90$35,108,242$943,423$0$28,443,442
91$38,520,347$820,715$0$31,162,673
92$42,275,165$686,672$0$34,155,228
93$46,407,485$540,573$0$37,448,941
94$50,955,640$381,652$0$41,074,489
95$55,961,867$209,104$0$45,065,680
96$61,472,704$22,077$0$49,459,776
97$67,539,432$0$0$54,297,840
98$74,218,557$0$0$59,664,817
99$81,572,341$0$0$65,579,349
100$89,669,391$0$0$72,091,768