Can I retire at age 53 with 1,510,000?

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 $1,510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$124,694$123,584$122,500$121,442$120,410$115,953
2 years$61,730$60,580$59,466$58,386$57,338$52,898
3 years$40,744$39,590$38,478$37,408$36,377$32,094
4 years$30,254$29,103$28,002$26,951$25,945$21,851
5 years$23,961$22,817$21,731$20,701$19,723$15,829
6 years$19,767$18,632$17,562$16,554$15,606$11,915
7 years$16,773$15,647$14,594$13,610$12,692$9,202
8 years$14,528$13,412$12,377$11,417$10,529$7,238
9 years$12,783$11,678$10,660$9,725$8,867$5,770
10 years$11,388$10,293$9,294$8,383$7,555$4,647
11 years$10,247$9,164$8,182$7,296$6,498$3,771
12 years$9,297$8,225$7,261$6,399$5,631$3,080
13 years$8,494$7,433$6,488$5,650$4,910$2,528
14 years$7,806$6,756$5,829$5,015$4,304$2,082
15 years$7,211$6,172$5,263$4,473$3,790$1,721
16 years$6,690$5,663$4,772$4,005$3,349$1,426
17 years$6,231$5,215$4,342$3,598$2,970$1,184
18 years$5,823$4,819$3,964$3,243$2,641$985
19 years$5,459$4,466$3,629$2,930$2,354$820
20 years$5,132$4,150$3,330$2,654$2,102$684
21 years$4,836$3,866$3,063$2,408$1,881$571
22 years$4,568$3,608$2,823$2,190$1,686$477
23 years$4,323$3,375$2,607$1,994$1,514$399
24 years$4,099$3,162$2,411$1,819$1,361$334
25 years$3,893$2,967$2,233$1,661$1,224$279
26 years$3,703$2,789$2,071$1,519$1,103$234
27 years$3,528$2,625$1,923$1,390$994$196
28 years$3,365$2,473$1,788$1,274$897$164
29 years$3,214$2,333$1,664$1,168$810$137
30 years$3,074$2,204$1,549$1,072$732$115
31 years$2,942$2,083$1,445$985$662$97
32 years$2,819$1,971$1,348$905$599$81
33 years$2,704$1,867$1,258$832$542$68
34 years$2,596$1,769$1,176$766$491$57
35 years$2,494$1,678$1,099$705$444$48
36 years$2,398$1,593$1,028$649$403$40
37 years$2,308$1,513$963$598$365$34
38 years$2,222$1,438$901$551$331$28
39 years$2,141$1,367$844$508$300$24
40 years$2,064$1,301$792$469$272$20
41 years$1,992$1,238$742$433$247$17
42 years$1,922$1,179$696$399$224$14
43 years$1,857$1,123$653$368$203$12
44 years$1,794$1,071$613$340$184$10
45 years$1,734$1,021$576$314$167$8
46 years$1,678$974$541$290$152$7
47 years$1,623$930$508$268$138$6
48 years$1,571$887$477$248$125$5
49 years$1,522$847$449$229$114$4
50 years$1,474$809$422$212$103$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,510,000, adding $5,646 every year, while hoping to spend $26,792 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: 37/46/17 Blend
52$1,510,000$1,510,000$1,510,000$1,510,000
53$1,669,844$1,589,814$1,566,409$1,722,837
54$1,811,661$1,639,208$1,590,377$1,810,972
55$1,967,046$1,690,125$1,614,250$1,903,152
56$2,137,355$1,742,610$1,637,997$2,002,153
57$2,324,079$1,796,712$1,661,584$2,108,601
58$2,528,863$1,852,480$1,684,975$2,223,185
59$2,753,519$1,909,963$1,708,134$2,346,660
60$3,000,041$1,969,214$1,731,019$2,479,858
61$3,270,627$2,030,288$1,753,590$2,623,694
62$3,567,697$2,093,238$1,775,802$2,779,173
63$3,893,917$2,158,121$1,797,606$2,947,402
64$4,252,225$2,224,997$1,818,954$3,129,598
65$4,645,855$2,293,926$1,839,793$3,327,100
66$5,078,373$2,364,969$1,860,066$3,541,381
67$5,553,705$2,438,190$1,879,716$3,774,063
68$6,076,177$2,513,655$1,898,681$4,026,932
69$6,650,554$2,591,432$1,916,894$4,301,950
70$7,282,089$2,671,590$1,934,288$4,601,282
71$7,976,565$2,754,201$1,950,789$4,927,307
72$8,740,356$2,839,339$1,966,323$5,282,647
73$9,580,485$2,927,078$1,980,807$5,670,187
74$10,504,688$3,017,499$1,994,157$6,093,106
75$11,521,490$3,110,680$2,006,285$6,554,902
76$12,640,283$3,206,705$2,017,098$7,059,428
77$13,871,417$3,305,659$2,026,495$7,610,928
78$15,226,295$3,407,629$2,034,376$8,214,075
79$16,717,479$3,512,705$2,040,629$8,874,018
80$18,358,814$3,620,980$2,045,143$9,596,424
81$20,165,555$3,732,549$2,047,797$10,387,540
82$22,154,508$3,847,511$2,048,465$11,254,244
83$24,344,195$3,965,966$2,047,015$12,204,113
84$26,755,022$4,088,018$2,043,310$13,245,493
85$29,409,477$4,213,773$2,037,203$14,387,580
86$32,332,338$4,343,343$2,028,544$15,640,503
87$35,550,908$4,476,838$2,017,172$17,015,421
88$39,095,274$4,614,376$2,002,920$18,524,629
89$42,998,587$4,756,076$1,985,613$20,181,672
90$47,297,380$4,902,060$1,965,068$22,001,470
91$52,031,906$5,052,455$1,941,091$24,000,466
92$57,246,526$5,207,390$1,913,483$26,196,774
93$62,990,119$5,366,999$1,882,032$28,610,351
94$69,316,548$5,531,420$1,846,517$31,263,187
95$76,285,168$5,700,792$1,806,708$34,179,512
96$83,961,386$5,875,260$1,762,363$37,386,021
97$92,417,273$6,054,975$1,713,229$40,912,129
98$101,732,255$6,240,088$1,659,041$44,790,248
99$111,993,849$6,430,756$1,599,523$49,056,091
100$123,298,500$6,627,142$1,534,386$53,749,008