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%15%
1 years$127,172$126,039$124,934$123,855$122,802$120,273
2 years$62,956$61,784$60,647$59,546$58,477$55,941
3 years$41,554$40,376$39,243$38,152$37,100$34,636
4 years$30,855$29,681$28,559$27,486$26,460$24,087
5 years$24,437$23,270$22,163$21,112$20,115$17,838
6 years$20,160$19,002$17,911$16,883$15,916$13,740
7 years$17,106$15,958$14,884$13,881$12,944$10,868
8 years$14,817$13,679$12,623$11,644$10,738$8,762
9 years$13,037$11,910$10,872$9,918$9,043$7,165
10 years$11,614$10,498$9,478$8,550$7,705$5,924
11 years$10,451$9,346$8,345$7,441$6,627$4,939
12 years$9,482$8,388$7,406$6,527$5,743$4,147
13 years$8,663$7,580$6,617$5,762$5,008$3,501
14 years$7,961$6,890$5,945$5,115$4,390$2,969
15 years$7,354$6,295$5,368$4,562$3,865$2,528
16 years$6,823$5,775$4,866$4,084$3,416$2,159
17 years$6,355$5,319$4,428$3,670$3,029$1,848
18 years$5,939$4,915$4,042$3,307$2,693$1,586
19 years$5,568$4,555$3,701$2,988$2,400$1,363
20 years$5,234$4,233$3,396$2,707$2,144$1,174
21 years$4,932$3,943$3,124$2,456$1,919$1,012
22 years$4,658$3,680$2,879$2,233$1,720$874
23 years$4,409$3,442$2,658$2,034$1,544$755
24 years$4,180$3,225$2,459$1,855$1,388$653
25 years$3,970$3,026$2,277$1,694$1,249$565
26 years$3,777$2,844$2,112$1,549$1,125$489
27 years$3,598$2,677$1,961$1,418$1,014$424
28 years$3,432$2,522$1,823$1,299$915$368
29 years$3,278$2,380$1,697$1,191$826$319
30 years$3,135$2,247$1,580$1,093$747$277
31 years$3,001$2,124$1,473$1,004$675$240
32 years$2,875$2,010$1,375$923$611$208
33 years$2,758$1,904$1,283$849$553$181
34 years$2,648$1,804$1,199$781$500$157
35 years$2,544$1,711$1,121$719$453$136
36 years$2,446$1,624$1,049$662$411$119
37 years$2,354$1,543$982$610$372$103
38 years$2,266$1,466$919$562$337$90
39 years$2,184$1,394$861$518$306$78
40 years$2,105$1,326$807$478$277$68
41 years$2,031$1,263$757$441$252$59
42 years$1,961$1,202$710$407$228$51
43 years$1,894$1,146$666$376$207$44
44 years$1,830$1,092$625$347$188$39
45 years$1,769$1,041$587$320$171$34
46 years$1,711$993$552$296$155$29
47 years$1,656$948$518$273$141$25
48 years$1,603$905$487$253$128$22
49 years$1,552$864$458$234$116$19
50 years$1,504$826$430$216$106$17

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 $4,855 every year, while hoping to spend $51,085 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: 42/47/11 Blend
52$1,540,000$1,540,000$1,540,000$1,540,000
53$1,702,088$1,620,468$1,596,598$1,767,895
54$1,821,347$1,645,517$1,595,730$1,839,472
55$1,951,058$1,670,081$1,593,121$1,911,441
56$2,092,234$1,694,083$1,588,658$1,988,232
57$2,245,988$1,717,439$1,582,224$2,070,306
58$2,413,545$1,740,060$1,573,695$2,158,173
59$2,596,255$1,761,852$1,562,943$2,252,394
60$2,795,603$1,782,712$1,549,831$2,353,593
61$3,013,221$1,802,531$1,534,217$2,462,456
62$3,250,909$1,821,195$1,515,953$2,579,741
63$3,510,647$1,838,579$1,494,883$2,706,286
64$3,794,615$1,854,551$1,470,843$2,843,017
65$4,105,213$1,868,971$1,443,663$2,990,956
66$4,445,084$1,881,690$1,413,165$3,151,233
67$4,817,137$1,892,548$1,379,161$3,325,094
68$5,224,578$1,901,375$1,341,455$3,513,918
69$5,670,934$1,907,992$1,299,843$3,719,225
70$6,160,092$1,912,206$1,254,111$3,942,695
71$6,696,332$1,913,815$1,204,035$4,186,185
72$7,284,368$1,912,602$1,149,380$4,451,741
73$7,929,392$1,908,337$1,089,902$4,741,628
74$8,637,121$1,900,777$1,025,345$5,058,341
75$9,413,855$1,889,663$955,442$5,404,640
76$10,266,532$1,874,720$879,913$5,783,567
77$11,202,795$1,855,658$798,466$6,198,485
78$12,231,062$1,832,167$710,797$6,653,103
79$13,360,608$1,803,921$616,587$7,151,517
80$14,601,651$1,770,574$515,503$7,698,247
81$15,965,445$1,731,758$407,198$8,298,281
82$17,464,390$1,687,084$291,309$8,957,128
83$19,112,147$1,636,141$167,457$9,680,863
84$20,923,768$1,578,493$35,248$10,476,194
85$22,915,832$1,513,679$0$11,350,520
86$25,106,608$1,441,211$0$12,324,432
87$27,516,225$1,360,573$0$13,399,738
88$30,166,858$1,271,219$0$14,582,292
89$33,082,941$1,172,572$0$15,883,119
90$36,291,395$1,064,022$0$17,314,378
91$39,821,881$944,923$0$18,889,479
92$43,707,084$814,595$0$20,623,212
93$47,983,013$672,317$0$22,531,890
94$52,689,349$517,329$0$24,633,503
95$57,869,810$348,826$0$26,947,890
96$63,572,572$165,960$0$29,496,928
97$69,850,718$0$0$32,304,746
98$76,762,737$0$0$35,414,582
99$84,373,080$0$0$38,933,353
100$92,752,765$0$0$42,808,094