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%12.6%
1 years$124,694$123,584$122,500$121,442$120,410$119,103
2 years$61,730$60,580$59,466$58,386$57,338$56,022
3 years$40,744$39,590$38,478$37,408$36,377$35,093
4 years$30,254$29,103$28,002$26,951$25,945$24,702
5 years$23,961$22,817$21,731$20,701$19,723$18,526
6 years$19,767$18,632$17,562$16,554$15,606$14,456
7 years$16,773$15,647$14,594$13,610$12,692$11,589
8 years$14,528$13,412$12,377$11,417$10,529$9,474
9 years$12,783$11,678$10,660$9,725$8,867$7,858
10 years$11,388$10,293$9,294$8,383$7,555$6,593
11 years$10,247$9,164$8,182$7,296$6,498$5,581
12 years$9,297$8,225$7,261$6,399$5,631$4,758
13 years$8,494$7,433$6,488$5,650$4,910$4,081
14 years$7,806$6,756$5,829$5,015$4,304$3,517
15 years$7,211$6,172$5,263$4,473$3,790$3,044
16 years$6,690$5,663$4,772$4,005$3,349$2,643
17 years$6,231$5,215$4,342$3,598$2,970$2,302
18 years$5,823$4,819$3,964$3,243$2,641$2,010
19 years$5,459$4,466$3,629$2,930$2,354$1,759
20 years$5,132$4,150$3,330$2,654$2,102$1,542
21 years$4,836$3,866$3,063$2,408$1,881$1,354
22 years$4,568$3,608$2,823$2,190$1,686$1,190
23 years$4,323$3,375$2,607$1,994$1,514$1,048
24 years$4,099$3,162$2,411$1,819$1,361$923
25 years$3,893$2,967$2,233$1,661$1,224$814
26 years$3,703$2,789$2,071$1,519$1,103$719
27 years$3,528$2,625$1,923$1,390$994$635
28 years$3,365$2,473$1,788$1,274$897$561
29 years$3,214$2,333$1,664$1,168$810$496
30 years$3,074$2,204$1,549$1,072$732$439
31 years$2,942$2,083$1,445$985$662$389
32 years$2,819$1,971$1,348$905$599$344
33 years$2,704$1,867$1,258$832$542$305
34 years$2,596$1,769$1,176$766$491$270
35 years$2,494$1,678$1,099$705$444$240
36 years$2,398$1,593$1,028$649$403$212
37 years$2,308$1,513$963$598$365$188
38 years$2,222$1,438$901$551$331$167
39 years$2,141$1,367$844$508$300$148
40 years$2,064$1,301$792$469$272$131
41 years$1,992$1,238$742$433$247$117
42 years$1,922$1,179$696$399$224$103
43 years$1,857$1,123$653$368$203$92
44 years$1,794$1,071$613$340$184$81
45 years$1,734$1,021$576$314$167$72
46 years$1,678$974$541$290$152$64
47 years$1,623$930$508$268$138$57
48 years$1,571$887$477$248$125$51
49 years$1,522$847$449$229$114$45
50 years$1,474$809$422$212$103$40

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 $3,292 every year, while hoping to spend $24,349 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: 60/30/10 Blend
52$1,510,000$1,510,000$1,510,000$1,510,000
53$1,667,416$1,587,386$1,563,981$1,763,414
54$1,811,585$1,639,260$1,590,467$1,880,123
55$1,969,643$1,692,861$1,617,024$2,004,309
56$2,142,982$1,748,246$1,643,630$2,139,166
57$2,333,133$1,805,477$1,670,258$2,285,726
58$2,541,783$1,864,616$1,696,883$2,445,119
59$2,770,793$1,925,730$1,723,475$2,618,594
60$3,022,208$1,988,885$1,750,006$2,807,522
61$3,298,284$2,054,151$1,776,442$3,013,413
62$3,601,506$2,121,602$1,802,751$3,237,930
63$3,934,611$2,191,312$1,828,894$3,482,901
64$4,300,614$2,263,359$1,854,835$3,750,342
65$4,702,837$2,337,823$1,880,531$4,042,469
66$5,144,938$2,414,788$1,905,941$4,361,725
67$5,630,950$2,494,341$1,931,018$4,710,796
68$6,165,313$2,576,570$1,955,714$5,092,644
69$6,752,922$2,661,569$1,979,977$5,510,527
70$7,399,167$2,749,433$2,003,753$5,968,036
71$8,109,989$2,840,262$2,026,986$6,469,123
72$8,891,932$2,934,159$2,049,614$7,018,141
73$9,752,207$3,031,231$2,071,574$7,619,886
74$10,698,759$3,131,588$2,092,799$8,279,639
75$11,740,342$3,235,346$2,113,217$9,003,216
76$12,886,601$3,342,622$2,132,754$9,797,026
77$14,148,164$3,453,540$2,151,331$10,668,125
78$15,536,741$3,568,228$2,168,865$11,624,289
79$17,065,235$3,686,817$2,185,268$12,674,080
80$18,747,864$3,809,446$2,200,449$13,826,935
81$20,600,292$3,936,255$2,214,311$15,093,245
82$22,639,783$4,067,393$2,226,752$16,484,461
83$24,885,358$4,203,011$2,237,664$18,013,196
84$27,357,975$4,343,269$2,246,936$19,693,346
85$30,080,729$4,488,331$2,254,450$21,540,223
86$33,079,070$4,638,366$2,260,081$23,570,693
87$36,381,041$4,793,551$2,263,699$25,803,341
88$40,017,541$4,954,069$2,265,167$28,258,642
89$44,022,622$5,120,110$2,264,341$30,959,155
90$48,433,804$5,291,871$2,261,072$33,929,736
91$53,292,435$5,469,555$2,255,201$37,197,771
92$58,644,076$5,653,375$2,246,562$40,793,434
93$64,538,932$5,843,551$2,234,982$44,749,974
94$71,032,327$6,040,309$2,220,279$49,104,025
95$78,185,227$6,243,888$2,202,261$53,895,950
96$86,064,813$6,454,530$2,180,729$59,170,227
97$94,745,114$6,672,493$2,155,474$64,975,862
98$104,307,709$6,898,038$2,126,276$71,366,857
99$114,842,495$7,131,441$2,092,905$78,402,714
100$126,448,534$7,372,986$2,055,122$86,148,997