Can I retire at age 53 with 1,530,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$126,346$125,221$124,123$123,051$122,004$118,194
2 years$62,548$61,383$60,254$59,159$58,097$54,292
3 years$41,284$40,114$38,988$37,904$36,859$33,179
4 years$30,655$29,488$28,373$27,308$26,288$22,761
5 years$24,278$23,119$22,019$20,975$19,984$16,619
6 years$20,029$18,878$17,795$16,774$15,813$12,613
7 years$16,995$15,854$14,787$13,791$12,860$9,825
8 years$14,721$13,590$12,541$11,569$10,669$7,797
9 years$12,952$11,832$10,801$9,854$8,984$6,273
10 years$11,539$10,430$9,417$8,494$7,655$5,100
11 years$10,383$9,285$8,291$7,392$6,584$4,180
12 years$9,420$8,334$7,358$6,484$5,705$3,447
13 years$8,606$7,531$6,574$5,725$4,975$2,858
14 years$7,910$6,846$5,906$5,082$4,361$2,379
15 years$7,306$6,254$5,333$4,532$3,840$1,988
16 years$6,778$5,738$4,835$4,058$3,394$1,665
17 years$6,313$5,284$4,399$3,646$3,009$1,398
18 years$5,901$4,883$4,016$3,286$2,676$1,176
19 years$5,532$4,525$3,677$2,969$2,385$991
20 years$5,200$4,205$3,374$2,689$2,130$836
21 years$4,900$3,917$3,104$2,440$1,906$706
22 years$4,628$3,656$2,860$2,219$1,709$597
23 years$4,380$3,420$2,641$2,021$1,534$505
24 years$4,153$3,204$2,443$1,843$1,379$427
25 years$3,945$3,007$2,262$1,683$1,241$362
26 years$3,752$2,826$2,098$1,539$1,117$307
27 years$3,575$2,660$1,948$1,409$1,007$260
28 years$3,410$2,506$1,811$1,291$909$220
29 years$3,257$2,364$1,686$1,184$821$187
30 years$3,114$2,233$1,570$1,086$742$159
31 years$2,981$2,111$1,464$998$671$135
32 years$2,857$1,997$1,366$917$607$114
33 years$2,740$1,891$1,275$843$549$97
34 years$2,630$1,793$1,191$776$497$82
35 years$2,527$1,700$1,114$714$450$70
36 years$2,430$1,614$1,042$658$408$59
37 years$2,338$1,533$975$606$370$50
38 years$2,252$1,457$913$559$335$43
39 years$2,170$1,385$856$515$304$36
40 years$2,092$1,318$802$475$276$31
41 years$2,018$1,254$752$438$250$26
42 years$1,948$1,195$705$404$227$22
43 years$1,881$1,138$662$373$206$19
44 years$1,818$1,085$621$345$187$16
45 years$1,757$1,035$583$318$170$14
46 years$1,700$987$548$294$154$12
47 years$1,645$942$515$272$140$10
48 years$1,592$899$484$251$127$8
49 years$1,542$859$455$232$115$7
50 years$1,494$820$428$214$105$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,530,000, adding $4,471 every year, while hoping to spend $50,627 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: 75/9/16 Blend
52$1,530,000$1,530,000$1,530,000$1,530,000
53$1,690,672$1,609,582$1,585,867$1,811,142
54$1,809,254$1,634,585$1,585,127$1,916,433
55$1,938,234$1,659,116$1,582,665$2,025,090
56$2,078,620$1,683,099$1,578,370$2,142,825
57$2,231,520$1,706,451$1,572,127$2,270,524
58$2,398,154$1,729,086$1,563,811$2,409,170
59$2,579,863$1,750,909$1,553,297$2,559,840
60$2,778,125$1,771,820$1,540,448$2,723,724
61$2,994,567$1,791,711$1,525,126$2,902,133
62$3,230,976$1,810,469$1,507,182$3,096,512
63$3,489,326$1,827,972$1,486,462$3,308,451
64$3,771,783$1,844,089$1,462,805$3,539,705
65$4,080,738$1,858,682$1,436,041$3,792,208
66$4,418,819$1,871,603$1,405,995$4,068,090
67$4,788,923$1,882,696$1,372,480$4,369,698
68$5,194,237$1,891,793$1,335,302$4,699,621
69$5,638,275$1,898,716$1,294,260$5,060,711
70$6,124,902$1,903,276$1,249,141$5,456,111
71$6,658,379$1,905,273$1,199,724$5,889,287
72$7,243,395$1,904,493$1,145,776$6,364,056
73$7,885,118$1,900,709$1,087,056$6,884,628
74$8,589,237$1,893,682$1,023,310$7,455,643
75$9,362,022$1,883,154$954,273$8,082,211
76$10,210,376$1,868,857$879,669$8,769,970
77$11,141,905$1,850,502$799,209$9,525,131
78$12,164,987$1,827,784$712,590$10,354,539
79$13,288,852$1,800,382$619,498$11,265,741
80$14,523,667$1,767,952$519,604$12,267,053
81$15,880,632$1,730,133$412,562$13,367,642
82$17,372,088$1,686,541$298,014$14,577,611
83$19,011,629$1,636,770$175,585$15,908,096
84$20,814,231$1,580,388$44,884$17,371,372
85$22,796,397$1,516,941$0$18,980,965
86$24,976,306$1,445,948$0$20,767,936
87$27,373,988$1,366,898$0$22,741,795
88$30,011,512$1,279,253$0$24,913,060
89$32,913,192$1,182,442$0$27,301,774
90$36,105,820$1,075,864$0$29,930,021
91$39,618,914$958,881$0$32,822,139
92$43,484,997$830,821$0$36,004,944
93$47,739,907$690,971$0$39,507,988
94$52,423,131$538,582$0$43,363,835
95$57,578,176$372,858$0$47,608,370
96$63,252,984$192,963$0$52,281,136
97$69,500,380$0$0$57,425,710
98$76,378,573$0$0$63,090,308
99$83,951,699$0$0$69,348,345
100$92,290,433$0$0$76,239,120