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%12.9%
1 years$126,346$125,221$124,123$123,051$122,004$120,530
2 years$62,548$61,383$60,254$59,159$58,097$56,613
3 years$41,284$40,114$38,988$37,904$36,859$35,412
4 years$30,655$29,488$28,373$27,308$26,288$24,889
5 years$24,278$23,119$22,019$20,975$19,984$18,636
6 years$20,029$18,878$17,795$16,774$15,813$14,519
7 years$16,995$15,854$14,787$13,791$12,860$11,620
8 years$14,721$13,590$12,541$11,569$10,669$9,483
9 years$12,952$11,832$10,801$9,854$8,984$7,852
10 years$11,539$10,430$9,417$8,494$7,655$6,575
11 years$10,383$9,285$8,291$7,392$6,584$5,556
12 years$9,420$8,334$7,358$6,484$5,705$4,728
13 years$8,606$7,531$6,574$5,725$4,975$4,047
14 years$7,910$6,846$5,906$5,082$4,361$3,481
15 years$7,306$6,254$5,333$4,532$3,840$3,006
16 years$6,778$5,738$4,835$4,058$3,394$2,605
17 years$6,313$5,284$4,399$3,646$3,009$2,264
18 years$5,901$4,883$4,016$3,286$2,676$1,973
19 years$5,532$4,525$3,677$2,969$2,385$1,722
20 years$5,200$4,205$3,374$2,689$2,130$1,506
21 years$4,900$3,917$3,104$2,440$1,906$1,320
22 years$4,628$3,656$2,860$2,219$1,709$1,158
23 years$4,380$3,420$2,641$2,021$1,534$1,017
24 years$4,153$3,204$2,443$1,843$1,379$894
25 years$3,945$3,007$2,262$1,683$1,241$787
26 years$3,752$2,826$2,098$1,539$1,117$693
27 years$3,575$2,660$1,948$1,409$1,007$610
28 years$3,410$2,506$1,811$1,291$909$538
29 years$3,257$2,364$1,686$1,184$821$475
30 years$3,114$2,233$1,570$1,086$742$419
31 years$2,981$2,111$1,464$998$671$370
32 years$2,857$1,997$1,366$917$607$327
33 years$2,740$1,891$1,275$843$549$289
34 years$2,630$1,793$1,191$776$497$255
35 years$2,527$1,700$1,114$714$450$226
36 years$2,430$1,614$1,042$658$408$200
37 years$2,338$1,533$975$606$370$177
38 years$2,252$1,457$913$559$335$156
39 years$2,170$1,385$856$515$304$138
40 years$2,092$1,318$802$475$276$122
41 years$2,018$1,254$752$438$250$108
42 years$1,948$1,195$705$404$227$96
43 years$1,881$1,138$662$373$206$85
44 years$1,818$1,085$621$345$187$75
45 years$1,757$1,035$583$318$170$66
46 years$1,700$987$548$294$154$59
47 years$1,645$942$515$272$140$52
48 years$1,592$899$484$251$127$46
49 years$1,542$859$455$232$115$41
50 years$1,494$820$428$214$105$36

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 $5,800 every year, while hoping to spend $41,060 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: 51/23/26 Blend
52$1,530,000$1,530,000$1,530,000$1,530,000
53$1,692,043$1,610,953$1,587,238$1,765,712
54$1,820,944$1,646,202$1,596,723$1,852,787
55$1,961,616$1,681,802$1,605,149$1,942,800
56$2,115,218$1,717,727$1,612,438$2,039,856
57$2,283,023$1,753,948$1,618,508$2,144,641
58$2,466,433$1,790,434$1,623,270$2,257,913
59$2,666,994$1,827,150$1,626,634$2,380,506
60$2,886,404$1,864,057$1,628,503$2,513,342
61$3,126,537$1,901,116$1,628,778$2,657,436
62$3,389,454$1,938,281$1,627,352$2,813,907
63$3,677,424$1,975,502$1,624,115$2,983,990
64$3,992,949$2,012,729$1,618,949$3,169,045
65$4,338,780$2,049,903$1,611,735$3,370,575
66$4,717,950$2,086,963$1,602,342$3,590,233
67$5,133,799$2,123,843$1,590,639$3,829,845
68$5,590,005$2,160,469$1,576,484$4,091,424
69$6,090,620$2,196,767$1,559,730$4,377,188
70$6,640,106$2,232,651$1,540,224$4,689,584
71$7,243,380$2,268,033$1,517,804$5,031,311
72$7,905,855$2,302,818$1,492,302$5,405,343
73$8,633,498$2,336,902$1,463,540$5,814,961
74$9,432,881$2,370,175$1,431,334$6,263,782
75$10,311,241$2,402,520$1,395,489$6,755,795
76$11,276,554$2,433,811$1,355,805$7,295,396
77$12,337,607$2,463,912$1,312,069$7,887,435
78$13,504,078$2,492,679$1,264,059$8,537,257
79$14,786,633$2,519,959$1,211,544$9,250,758
80$16,197,021$2,545,588$1,154,281$10,034,436
81$17,748,185$2,569,390$1,092,018$10,895,455
82$19,454,389$2,591,180$1,024,490$11,841,716
83$21,331,347$2,610,757$951,420$12,881,929
84$23,396,371$2,627,911$872,520$14,025,695
85$25,668,538$2,642,416$787,486$15,283,600
86$28,168,867$2,654,033$696,005$16,667,315
87$30,920,517$2,662,506$597,747$18,189,706
88$33,949,006$2,667,565$492,368$19,864,957
89$37,282,451$2,668,921$379,508$21,708,705
90$40,951,832$2,666,270$258,793$23,738,186
91$44,991,287$2,659,285$129,830$25,972,405
92$49,438,431$2,647,623$0$28,432,308
93$54,334,711$2,630,917$0$31,143,150
94$59,725,800$2,608,780$0$34,166,801
95$65,662,021$2,580,800$0$37,495,389
96$72,198,829$2,546,541$0$41,159,975
97$79,397,329$2,505,540$0$45,194,788
98$87,324,853$2,457,309$0$49,637,551
99$96,055,599$2,401,328$0$54,529,838
100$105,671,324$2,337,047$0$59,917,466