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

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 $1,530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$126,346$125,221$124,123$123,051$122,004$117,957
2 years$62,548$61,383$60,254$59,159$58,097$54,059
3 years$41,284$40,114$38,988$37,904$36,859$32,957
4 years$30,655$29,488$28,373$27,308$26,288$22,552
5 years$24,278$23,119$22,019$20,975$19,984$16,423
6 years$20,029$18,878$17,795$16,774$15,813$12,430
7 years$16,995$15,854$14,787$13,791$12,860$9,655
8 years$14,721$13,590$12,541$11,569$10,669$7,640
9 years$12,952$11,832$10,801$9,854$8,984$6,128
10 years$11,539$10,430$9,417$8,494$7,655$4,966
11 years$10,383$9,285$8,291$7,392$6,584$4,057
12 years$9,420$8,334$7,358$6,484$5,705$3,335
13 years$8,606$7,531$6,574$5,725$4,975$2,756
14 years$7,910$6,846$5,906$5,082$4,361$2,286
15 years$7,306$6,254$5,333$4,532$3,840$1,903
16 years$6,778$5,738$4,835$4,058$3,394$1,588
17 years$6,313$5,284$4,399$3,646$3,009$1,329
18 years$5,901$4,883$4,016$3,286$2,676$1,113
19 years$5,532$4,525$3,677$2,969$2,385$934
20 years$5,200$4,205$3,374$2,689$2,130$785
21 years$4,900$3,917$3,104$2,440$1,906$661
22 years$4,628$3,656$2,860$2,219$1,709$556
23 years$4,380$3,420$2,641$2,021$1,534$469
24 years$4,153$3,204$2,443$1,843$1,379$395
25 years$3,945$3,007$2,262$1,683$1,241$333
26 years$3,752$2,826$2,098$1,539$1,117$281
27 years$3,575$2,660$1,948$1,409$1,007$238
28 years$3,410$2,506$1,811$1,291$909$201
29 years$3,257$2,364$1,686$1,184$821$170
30 years$3,114$2,233$1,570$1,086$742$143
31 years$2,981$2,111$1,464$998$671$121
32 years$2,857$1,997$1,366$917$607$102
33 years$2,740$1,891$1,275$843$549$87
34 years$2,630$1,793$1,191$776$497$73
35 years$2,527$1,700$1,114$714$450$62
36 years$2,430$1,614$1,042$658$408$52
37 years$2,338$1,533$975$606$370$44
38 years$2,252$1,457$913$559$335$37
39 years$2,170$1,385$856$515$304$32
40 years$2,092$1,318$802$475$276$27
41 years$2,018$1,254$752$438$250$23
42 years$1,948$1,195$705$404$227$19
43 years$1,881$1,138$662$373$206$16
44 years$1,818$1,085$621$345$187$14
45 years$1,757$1,035$583$318$170$12
46 years$1,700$987$548$294$154$10
47 years$1,645$942$515$272$140$8
48 years$1,592$899$484$251$127$7
49 years$1,542$859$455$232$115$6
50 years$1,494$820$428$214$105$5

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 $4,746 every year, while hoping to spend $54,837 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: 77/17/6 Blend
52$1,530,000$1,530,000$1,530,000$1,530,000
53$1,690,955$1,609,865$1,586,150$1,819,853
54$1,805,087$1,630,403$1,580,940$1,925,658
55$1,929,022$1,650,108$1,573,718$2,034,051
56$2,063,702$1,668,884$1,564,358$2,151,269
57$2,210,164$1,686,624$1,552,728$2,278,165
58$2,369,549$1,703,216$1,538,692$2,415,676
59$2,543,109$1,718,540$1,522,105$2,564,839
60$2,732,227$1,732,470$1,502,816$2,726,791
61$2,938,421$1,744,867$1,480,668$2,902,790
62$3,163,364$1,755,589$1,455,493$3,094,216
63$3,408,894$1,764,481$1,427,120$3,302,594
64$3,677,040$1,771,379$1,395,367$3,529,604
65$3,970,030$1,776,108$1,360,044$3,777,093
66$4,290,320$1,778,485$1,320,952$4,047,102
67$4,640,613$1,778,311$1,277,884$4,341,874
68$5,023,885$1,775,378$1,230,623$4,663,887
69$5,443,414$1,769,464$1,178,942$5,015,867
70$5,902,808$1,760,333$1,122,602$5,400,819
71$6,406,042$1,747,737$1,061,356$5,822,057
72$6,957,491$1,731,409$994,945$6,283,231
73$7,561,977$1,711,070$923,097$6,788,364
74$8,224,807$1,686,420$845,529$7,341,891
75$8,951,828$1,657,146$761,945$7,948,697
76$9,749,480$1,622,912$672,036$8,614,170
77$10,624,856$1,583,364$575,479$9,344,245
78$11,585,770$1,538,127$471,936$10,145,465
79$12,640,829$1,486,805$361,055$11,025,040
80$13,799,512$1,428,978$242,470$11,990,918
81$15,072,265$1,364,200$115,795$13,051,859
82$16,470,593$1,292,003$0$14,217,517
83$18,007,170$1,211,887$0$15,499,773
84$19,695,960$1,123,329$0$16,917,108
85$21,552,346$1,025,770$0$18,475,054
86$23,593,277$918,625$0$20,187,888
87$25,837,425$801,271$0$22,071,342
88$28,305,361$673,052$0$24,142,757
89$31,019,751$533,275$0$26,421,240
90$34,005,567$381,206$0$28,927,853
91$37,290,323$216,073$0$31,685,802
92$40,904,334$37,059$0$34,720,667
93$44,881,001$0$0$38,060,636
94$49,257,129$0$0$41,766,089
95$54,073,266$0$0$45,851,812
96$59,374,094$0$0$50,348,784
97$65,208,846$0$0$55,298,780
98$71,631,768$0$0$60,747,830
99$78,702,635$0$0$66,746,654
100$86,487,309$0$0$73,351,137