Can I retire at age 53 with 1,550,000?

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 $1,550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$127,998$126,857$125,745$124,659$123,599$121,352
2 years$63,365$62,185$61,041$59,932$58,857$56,601
3 years$41,824$40,639$39,498$38,399$37,341$35,147
4 years$31,055$29,874$28,744$27,664$26,632$24,516
5 years$24,596$23,421$22,307$21,249$20,245$18,214
6 years$20,291$19,125$18,027$16,993$16,019$14,074
7 years$17,217$16,061$14,981$13,971$13,028$11,170
8 years$14,913$13,768$12,705$11,720$10,808$9,037
9 years$13,122$11,987$10,943$9,983$9,102$7,417
10 years$11,690$10,566$9,540$8,605$7,755$6,154
11 years$10,519$9,406$8,399$7,489$6,670$5,151
12 years$9,543$8,443$7,454$6,569$5,780$4,342
13 years$8,719$7,630$6,659$5,799$5,040$3,680
14 years$8,013$6,935$5,984$5,148$4,418$3,134
15 years$7,402$6,335$5,402$4,591$3,890$2,679
16 years$6,867$5,813$4,898$4,111$3,438$2,297
17 years$6,396$5,353$4,457$3,694$3,048$1,976
18 years$5,978$4,947$4,069$3,329$2,711$1,703
19 years$5,604$4,584$3,725$3,008$2,416$1,470
20 years$5,268$4,260$3,418$2,724$2,158$1,272
21 years$4,964$3,968$3,144$2,472$1,931$1,102
22 years$4,689$3,704$2,898$2,248$1,731$955
23 years$4,437$3,464$2,676$2,047$1,554$829
24 years$4,207$3,246$2,475$1,867$1,397$721
25 years$3,996$3,046$2,292$1,705$1,257$627
26 years$3,801$2,863$2,126$1,559$1,132$545
27 years$3,621$2,694$1,974$1,427$1,021$475
28 years$3,455$2,539$1,835$1,308$921$414
29 years$3,300$2,395$1,708$1,199$832$361
30 years$3,155$2,262$1,591$1,100$751$314
31 years$3,020$2,138$1,483$1,011$679$274
32 years$2,894$2,023$1,383$929$615$239
33 years$2,776$1,916$1,292$854$556$209
34 years$2,665$1,816$1,207$786$504$182
35 years$2,560$1,722$1,128$723$456$159
36 years$2,462$1,635$1,056$666$413$139
37 years$2,369$1,553$988$614$374$121
38 years$2,281$1,476$925$566$340$106
39 years$2,198$1,403$867$522$308$92
40 years$2,119$1,335$813$481$279$81
41 years$2,044$1,271$762$444$253$71
42 years$1,973$1,210$715$410$230$62
43 years$1,906$1,153$671$378$209$54
44 years$1,842$1,099$629$349$189$47
45 years$1,780$1,048$591$323$172$41
46 years$1,722$1,000$555$298$156$36
47 years$1,666$954$522$275$142$31
48 years$1,613$911$490$254$129$27
49 years$1,562$870$461$235$117$24
50 years$1,513$831$433$217$106$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,550,000, adding $2,446 every year, while hoping to spend $55,901 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: 53/34/13 Blend
52$1,550,000$1,550,000$1,550,000$1,550,000
53$1,710,623$1,628,473$1,604,448$1,795,294
54$1,825,628$1,648,790$1,598,719$1,873,595
55$1,950,491$1,668,229$1,590,924$1,952,549
56$2,086,156$1,686,688$1,580,936$2,037,172
57$2,233,666$1,704,058$1,568,619$2,128,017
58$2,394,166$1,720,222$1,553,834$2,225,692
59$2,568,916$1,735,058$1,536,432$2,330,869
60$2,759,303$1,748,433$1,516,260$2,444,290
61$2,966,852$1,760,207$1,493,155$2,566,776
62$3,193,243$1,770,229$1,466,948$2,699,230
63$3,440,325$1,778,342$1,437,462$2,842,653
64$3,710,133$1,784,375$1,404,511$2,998,148
65$4,004,906$1,788,149$1,367,902$3,166,932
66$4,327,111$1,789,473$1,327,431$3,350,351
67$4,679,462$1,788,143$1,282,886$3,549,891
68$5,064,950$1,783,944$1,234,045$3,767,189
69$5,486,864$1,776,647$1,180,675$4,004,057
70$5,948,831$1,766,009$1,122,535$4,262,492
71$6,454,841$1,751,773$1,059,369$4,544,699
72$7,009,290$1,733,665$990,912$4,853,112
73$7,617,018$1,711,395$916,888$5,190,419
74$8,283,357$1,684,656$837,007$5,559,586
75$9,014,178$1,653,124$750,966$5,963,885
76$9,815,951$1,616,453$658,450$6,406,928
77$10,695,797$1,574,278$559,127$6,892,703
78$11,661,563$1,526,213$452,653$7,425,608
79$12,721,895$1,471,849$338,669$8,010,497
80$13,886,311$1,410,753$216,798$8,652,727
81$15,165,302$1,342,467$86,647$9,358,209
82$16,570,422$1,266,507$0$10,133,462
83$18,114,398$1,182,359$0$10,992,929
84$19,811,255$1,089,483$0$11,950,597
85$21,676,441$987,306$0$13,003,253
86$23,726,976$875,221$0$14,160,622
87$25,981,610$752,590$0$15,433,426
88$28,461,004$618,736$0$16,833,491
89$31,187,917$472,945$0$18,373,856
90$34,187,428$314,464$0$20,068,897
91$37,487,168$142,494$0$21,934,469
92$41,117,578$0$0$23,988,051
93$45,112,202$0$0$26,265,307
94$49,507,997$0$0$28,830,103
95$54,345,685$0$0$31,652,909
96$59,670,136$0$0$34,759,928
97$65,530,788$0$0$38,180,033
98$71,982,117$0$0$41,945,039
99$79,084,148$0$0$46,090,001
100$86,903,021$0$0$50,653,546