Can I retire at age 53 with 1,520,000?

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 $1,520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$125,520$124,402$123,311$122,247$121,207$119,991
2 years$62,139$60,981$59,860$58,772$57,718$56,493
3 years$41,014$39,852$38,733$37,656$36,618$35,423
4 years$30,454$29,295$28,188$27,129$26,117$24,960
5 years$24,120$22,968$21,875$20,838$19,853$18,738
6 years$19,898$18,755$17,678$16,664$15,709$14,637
7 years$16,884$15,751$14,691$13,700$12,776$11,748
8 years$14,624$13,501$12,459$11,493$10,599$9,614
9 years$12,868$11,755$10,731$9,789$8,926$7,984
10 years$11,463$10,362$9,355$8,439$7,605$6,707
11 years$10,315$9,224$8,236$7,344$6,541$5,684
12 years$9,359$8,279$7,310$6,442$5,668$4,852
13 years$8,550$7,482$6,531$5,687$4,943$4,167
14 years$7,858$6,801$5,868$5,048$4,333$3,596
15 years$7,258$6,213$5,298$4,502$3,815$3,116
16 years$6,734$5,700$4,803$4,031$3,372$2,710
17 years$6,272$5,250$4,371$3,622$2,989$2,364
18 years$5,862$4,851$3,990$3,264$2,658$2,067
19 years$5,495$4,496$3,653$2,950$2,369$1,811
20 years$5,166$4,178$3,352$2,671$2,116$1,590
21 years$4,868$3,891$3,083$2,424$1,894$1,398
22 years$4,598$3,632$2,842$2,204$1,698$1,231
23 years$4,352$3,397$2,624$2,008$1,524$1,085
24 years$4,126$3,183$2,427$1,831$1,370$958
25 years$3,919$2,987$2,248$1,672$1,232$846
26 years$3,728$2,807$2,084$1,529$1,110$748
27 years$3,551$2,642$1,936$1,399$1,001$662
28 years$3,388$2,490$1,799$1,282$903$586
29 years$3,236$2,349$1,675$1,176$815$519
30 years$3,094$2,218$1,560$1,079$737$460
31 years$2,962$2,097$1,454$991$666$408
32 years$2,838$1,984$1,357$911$603$362
33 years$2,722$1,879$1,267$838$545$321
34 years$2,613$1,781$1,184$771$494$285
35 years$2,511$1,689$1,107$709$447$253
36 years$2,414$1,603$1,035$653$405$225
37 years$2,323$1,523$969$602$367$200
38 years$2,237$1,447$907$555$333$177
39 years$2,155$1,376$850$512$302$157
40 years$2,078$1,309$797$472$274$140
41 years$2,005$1,246$747$435$248$124
42 years$1,935$1,187$701$402$225$111
43 years$1,869$1,131$658$371$205$98
44 years$1,806$1,078$617$342$186$87
45 years$1,746$1,028$580$316$169$78
46 years$1,689$981$544$292$153$69
47 years$1,634$936$511$270$139$61
48 years$1,582$893$481$249$126$55
49 years$1,532$853$452$231$115$49
50 years$1,484$815$425$213$104$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,520,000, adding $6,526 every year, while hoping to spend $42,858 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: 61/29/10 Blend
52$1,520,000$1,520,000$1,520,000$1,520,000
53$1,681,772$1,601,212$1,577,652$1,780,138
54$1,807,712$1,634,070$1,584,902$1,879,718
55$1,945,061$1,667,103$1,590,960$1,982,837
56$2,094,939$1,700,272$1,595,738$2,094,290
57$2,258,576$1,733,539$1,599,148$2,214,884
58$2,437,327$1,766,858$1,601,096$2,345,508
59$2,632,685$1,800,185$1,601,483$2,487,139
60$2,846,291$1,833,467$1,600,206$2,640,856
61$3,079,956$1,866,650$1,597,156$2,807,848
62$3,335,670$1,899,674$1,592,219$2,989,422
63$3,615,625$1,932,475$1,585,275$3,187,021
64$3,922,237$1,964,984$1,576,200$3,402,235
65$4,258,165$1,997,128$1,564,862$3,636,816
66$4,626,337$2,028,827$1,551,124$3,892,692
67$5,029,978$2,059,994$1,534,842$4,171,993
68$5,472,641$2,090,539$1,515,865$4,477,063
69$5,958,239$2,120,364$1,494,034$4,810,484
70$6,491,080$2,149,362$1,469,185$5,175,107
71$7,075,911$2,177,422$1,441,144$5,574,068
72$7,717,962$2,204,423$1,409,730$6,010,829
73$8,422,991$2,230,237$1,374,753$6,489,203
74$9,197,344$2,254,727$1,336,015$7,013,391
75$10,048,010$2,277,746$1,293,309$7,588,028
76$10,982,690$2,299,137$1,246,417$8,218,219
77$12,009,864$2,318,735$1,195,112$8,909,592
78$13,138,879$2,336,362$1,139,157$9,668,352
79$14,380,029$2,351,828$1,078,303$10,501,335
80$15,744,658$2,364,934$1,012,293$11,416,079
81$17,245,262$2,375,465$940,853$12,420,892
82$18,895,609$2,383,192$863,702$13,524,931
83$20,710,868$2,387,876$780,543$14,738,288
84$22,707,753$2,389,258$691,067$16,072,088
85$24,904,678$2,387,066$594,952$17,538,595
86$27,321,932$2,381,009$491,860$19,151,325
87$29,981,871$2,370,781$381,439$20,925,174
88$32,909,127$2,356,053$263,322$22,876,565
89$36,130,839$2,336,481$137,125$25,023,597
90$39,676,913$2,311,697$2,447$27,386,220
91$43,580,299$2,281,312$0$29,986,422
92$47,877,306$2,244,912$0$32,863,515
93$52,607,940$2,202,061$0$36,030,395
94$57,816,283$2,152,296$0$39,516,295
95$63,550,911$2,095,125$0$43,353,718
96$69,865,347$2,030,030$0$47,578,485
97$76,818,573$1,956,461$0$52,230,077
98$84,475,576$1,873,837$0$57,352,004
99$92,907,971$1,781,541$0$62,992,219
100$102,194,671$1,678,923$0$69,203,571