Can I retire at age 53 with 1,560,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,560,000?

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$128,823$127,676$126,556$125,464$124,397$122,893
2 years$63,774$62,586$61,435$60,319$59,236$57,723
3 years$42,094$40,901$39,753$38,647$37,582$36,106
4 years$31,256$30,066$28,930$27,843$26,804$25,377
5 years$24,754$23,572$22,451$21,386$20,376$19,002
6 years$20,422$19,249$18,143$17,103$16,123$14,803
7 years$17,328$16,165$15,077$14,061$13,112$11,848
8 years$15,009$13,856$12,787$11,795$10,878$9,668
9 years$13,206$12,064$11,013$10,047$9,161$8,006
10 years$11,765$10,634$9,602$8,661$7,805$6,704
11 years$10,586$9,467$8,453$7,537$6,713$5,665
12 years$9,605$8,497$7,502$6,611$5,817$4,820
13 years$8,775$7,679$6,702$5,837$5,073$4,126
14 years$8,065$6,980$6,022$5,181$4,447$3,549
15 years$7,449$6,376$5,437$4,621$3,915$3,065
16 years$6,911$5,850$4,930$4,137$3,460$2,656
17 years$6,437$5,388$4,486$3,717$3,068$2,309
18 years$6,016$4,979$4,095$3,350$2,728$2,011
19 years$5,640$4,614$3,749$3,027$2,432$1,756
20 years$5,302$4,288$3,440$2,742$2,172$1,536
21 years$4,996$3,994$3,164$2,488$1,944$1,346
22 years$4,719$3,728$2,917$2,262$1,742$1,180
23 years$4,466$3,487$2,693$2,060$1,564$1,037
24 years$4,235$3,267$2,491$1,879$1,406$911
25 years$4,022$3,066$2,307$1,716$1,265$802
26 years$3,826$2,881$2,139$1,569$1,139$706
27 years$3,645$2,712$1,987$1,436$1,027$622
28 years$3,477$2,555$1,847$1,316$927$549
29 years$3,321$2,411$1,719$1,207$837$484
30 years$3,175$2,276$1,601$1,108$756$427
31 years$3,040$2,152$1,492$1,017$684$377
32 years$2,913$2,036$1,392$935$618$333
33 years$2,794$1,928$1,300$860$560$295
34 years$2,682$1,828$1,215$791$507$260
35 years$2,577$1,733$1,136$728$459$230
36 years$2,478$1,645$1,062$671$416$204
37 years$2,384$1,563$994$618$377$180
38 years$2,296$1,485$931$569$342$159
39 years$2,212$1,412$872$525$310$141
40 years$2,133$1,344$818$484$281$125
41 years$2,058$1,279$767$447$255$110
42 years$1,986$1,218$719$412$231$98
43 years$1,918$1,161$675$381$210$86
44 years$1,854$1,106$634$351$191$77
45 years$1,792$1,055$595$325$173$68
46 years$1,733$1,006$559$300$157$60
47 years$1,677$960$525$277$143$53
48 years$1,623$917$493$256$130$47
49 years$1,572$875$464$237$118$42
50 years$1,523$836$436$219$107$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,560,000, adding $5,396 every year, while hoping to spend $32,462 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: 78/17/5 Blend
52$1,560,000$1,560,000$1,560,000$1,560,000
53$1,724,686$1,642,006$1,617,826$1,858,393
54$1,866,065$1,687,925$1,637,484$1,992,713
55$2,020,776$1,735,006$1,656,712$2,135,183
56$2,190,145$1,783,272$1,675,463$2,290,443
57$2,375,633$1,832,745$1,693,683$2,459,749
58$2,578,846$1,883,448$1,711,320$2,644,483
59$2,801,556$1,935,404$1,728,317$2,846,169
60$3,045,711$1,988,635$1,744,612$3,066,484
61$3,313,460$2,043,165$1,760,143$3,307,274
62$3,607,167$2,099,014$1,774,842$3,570,573
63$3,929,438$2,156,206$1,788,639$3,858,621
64$4,283,142$2,214,761$1,801,460$4,173,885
65$4,671,441$2,274,703$1,813,227$4,519,081
66$5,097,815$2,336,051$1,823,857$4,897,202
67$5,566,102$2,398,826$1,833,266$5,311,545
68$6,080,525$2,463,050$1,841,361$5,765,739
69$6,645,740$2,528,740$1,848,048$6,263,786
70$7,266,874$2,595,918$1,853,226$6,810,091
71$7,949,577$2,664,599$1,856,791$7,409,507
72$8,700,072$2,734,803$1,858,632$8,067,383
73$9,525,217$2,806,546$1,858,634$8,789,608
74$10,432,565$2,879,842$1,856,674$9,582,674
75$11,430,439$2,954,707$1,852,625$10,453,729
76$12,528,010$3,031,154$1,846,354$11,410,653
77$13,735,380$3,109,194$1,837,720$12,462,124
78$15,063,682$3,188,838$1,826,577$13,617,705
79$16,525,181$3,270,094$1,812,770$14,887,932
80$18,133,390$3,352,969$1,796,139$16,284,416
81$19,903,199$3,437,468$1,776,513$17,819,946
82$21,851,016$3,523,594$1,753,716$19,508,617
83$23,994,917$3,611,347$1,727,563$21,365,958
84$26,354,821$3,700,726$1,697,859$23,409,081
85$28,952,677$3,791,726$1,664,402$25,656,840
86$31,812,668$3,884,339$1,626,978$28,130,011
87$34,961,444$3,978,555$1,585,365$30,851,487
88$38,428,367$4,074,360$1,539,330$33,846,493
89$42,245,793$4,171,736$1,488,631$37,142,824
90$46,449,375$4,270,663$1,433,011$40,771,111
91$51,078,400$4,371,114$1,372,205$44,765,105
92$56,176,158$4,473,059$1,305,935$49,161,995
93$61,790,351$4,576,464$1,233,909$54,002,766
94$67,973,545$4,681,289$1,155,823$59,332,578
95$74,783,663$4,787,489$1,071,360$65,201,194
96$82,284,533$4,895,012$980,187$71,663,452
97$90,546,489$5,003,802$881,957$78,779,782
98$99,647,036$5,113,793$776,308$86,616,774
99$109,671,581$5,224,916$662,861$95,247,807
100$120,714,236$5,337,090$541,220$104,753,743