Can I retire at age 53 with 1,540,000?

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 $1,540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$127,172$126,039$124,934$123,855$122,802$118,492
2 years$62,956$61,784$60,647$59,546$58,477$54,180
3 years$41,554$40,376$39,243$38,152$37,100$32,951
4 years$30,855$29,681$28,559$27,486$26,460$22,491
5 years$24,437$23,270$22,163$21,112$20,115$16,336
6 years$20,160$19,002$17,911$16,883$15,916$12,330
7 years$17,106$15,958$14,884$13,881$12,944$9,550
8 years$14,817$13,679$12,623$11,644$10,738$7,534
9 years$13,037$11,910$10,872$9,918$9,043$6,025
10 years$11,614$10,498$9,478$8,550$7,705$4,867
11 years$10,451$9,346$8,345$7,441$6,627$3,963
12 years$9,482$8,388$7,406$6,527$5,743$3,247
13 years$8,663$7,580$6,617$5,762$5,008$2,674
14 years$7,961$6,890$5,945$5,115$4,390$2,211
15 years$7,354$6,295$5,368$4,562$3,865$1,834
16 years$6,823$5,775$4,866$4,084$3,416$1,525
17 years$6,355$5,319$4,428$3,670$3,029$1,271
18 years$5,939$4,915$4,042$3,307$2,693$1,061
19 years$5,568$4,555$3,701$2,988$2,400$887
20 years$5,234$4,233$3,396$2,707$2,144$743
21 years$4,932$3,943$3,124$2,456$1,919$622
22 years$4,658$3,680$2,879$2,233$1,720$522
23 years$4,409$3,442$2,658$2,034$1,544$438
24 years$4,180$3,225$2,459$1,855$1,388$368
25 years$3,970$3,026$2,277$1,694$1,249$309
26 years$3,777$2,844$2,112$1,549$1,125$260
27 years$3,598$2,677$1,961$1,418$1,014$219
28 years$3,432$2,522$1,823$1,299$915$184
29 years$3,278$2,380$1,697$1,191$826$155
30 years$3,135$2,247$1,580$1,093$747$130
31 years$3,001$2,124$1,473$1,004$675$110
32 years$2,875$2,010$1,375$923$611$92
33 years$2,758$1,904$1,283$849$553$78
34 years$2,648$1,804$1,199$781$500$65
35 years$2,544$1,711$1,121$719$453$55
36 years$2,446$1,624$1,049$662$411$46
37 years$2,354$1,543$982$610$372$39
38 years$2,266$1,466$919$562$337$33
39 years$2,184$1,394$861$518$306$28
40 years$2,105$1,326$807$478$277$23
41 years$2,031$1,263$757$441$252$20
42 years$1,961$1,202$710$407$228$17
43 years$1,894$1,146$666$376$207$14
44 years$1,830$1,092$625$347$188$12
45 years$1,769$1,041$587$320$171$10
46 years$1,711$993$552$296$155$8
47 years$1,656$948$518$273$141$7
48 years$1,603$905$487$253$128$6
49 years$1,552$864$458$234$116$5
50 years$1,504$826$430$216$106$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,540,000, adding $6,696 every year, while hoping to spend $43,007 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: 28/46/26 Blend
52$1,540,000$1,540,000$1,540,000$1,540,000
53$1,703,987$1,622,367$1,598,497$1,737,758
54$1,832,034$1,656,104$1,606,287$1,798,791
55$1,971,701$1,690,052$1,612,898$1,860,131
56$2,124,128$1,724,178$1,618,242$1,925,155
57$2,290,568$1,758,441$1,622,232$1,994,210
58$2,472,403$1,792,802$1,624,774$2,067,675
59$2,671,153$1,827,214$1,625,769$2,145,971
60$2,888,493$1,861,630$1,625,115$2,229,565
61$3,126,265$1,895,996$1,622,702$2,318,971
62$3,386,499$1,930,254$1,618,417$2,414,756
63$3,671,429$1,964,345$1,612,142$2,517,548
64$3,983,517$1,998,200$1,603,751$2,628,041
65$4,325,472$2,031,748$1,593,113$2,747,002
66$4,700,280$2,064,913$1,580,091$2,875,278
67$5,111,226$2,097,611$1,564,542$3,013,805
68$5,561,932$2,129,755$1,546,315$3,163,617
69$6,056,384$2,161,248$1,525,252$3,325,855
70$6,598,976$2,191,990$1,501,188$3,501,782
71$7,194,544$2,221,870$1,473,951$3,692,792
72$7,848,418$2,250,772$1,443,359$3,900,423
73$8,566,468$2,278,572$1,409,223$4,126,377
74$9,355,161$2,305,135$1,371,345$4,372,531
75$10,221,620$2,330,319$1,329,518$4,640,960
76$11,173,694$2,353,973$1,283,525$4,933,952
77$12,220,027$2,375,934$1,233,140$5,254,037
78$13,370,145$2,396,030$1,178,125$5,604,008
79$14,634,540$2,414,076$1,118,233$5,986,945
80$16,024,775$2,429,877$1,053,205$6,406,254
81$17,553,584$2,443,224$982,770$6,865,690
82$19,235,002$2,453,894$906,645$7,369,401
83$21,084,490$2,461,652$824,535$7,921,964
84$23,119,082$2,466,247$736,131$8,528,432
85$25,357,547$2,467,413$641,111$9,194,381
86$27,820,567$2,464,865$539,137$9,925,965
87$30,530,925$2,458,305$429,859$10,729,976
88$33,513,729$2,447,411$312,909$11,613,908
89$36,796,642$2,431,846$187,903$12,586,030
90$40,410,143$2,411,251$54,442$13,655,467
91$44,387,820$2,385,244$0$14,832,286
92$48,766,678$2,353,422$0$16,152,003
93$53,587,496$2,315,356$0$17,620,168
94$58,895,206$2,270,594$0$19,235,306
95$64,739,319$2,218,655$0$21,012,462
96$71,174,390$2,159,029$0$22,968,222
97$78,260,536$2,091,180$0$25,120,875
98$86,063,999$2,014,536$0$27,490,585
99$94,657,773$1,928,495$0$30,099,583
100$104,122,292$1,832,418$0$32,972,378