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

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 $1,560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$128,823$127,676$126,556$125,464$124,397$120,851
2 years$63,774$62,586$61,435$60,319$59,236$55,691
3 years$42,094$40,901$39,753$38,647$37,582$34,149
4 years$31,256$30,066$28,930$27,843$26,804$23,509
5 years$24,754$23,572$22,451$21,386$20,376$17,229
6 years$20,422$19,249$18,143$17,103$16,123$13,126
7 years$17,328$16,165$15,077$14,061$13,112$10,266
8 years$15,009$13,856$12,787$11,795$10,878$8,180
9 years$13,206$12,064$11,013$10,047$9,161$6,609
10 years$11,765$10,634$9,602$8,661$7,805$5,397
11 years$10,586$9,467$8,453$7,537$6,713$4,443
12 years$9,605$8,497$7,502$6,611$5,817$3,682
13 years$8,775$7,679$6,702$5,837$5,073$3,067
14 years$8,065$6,980$6,022$5,181$4,447$2,566
15 years$7,449$6,376$5,437$4,621$3,915$2,154
16 years$6,911$5,850$4,930$4,137$3,460$1,813
17 years$6,437$5,388$4,486$3,717$3,068$1,530
18 years$6,016$4,979$4,095$3,350$2,728$1,294
19 years$5,640$4,614$3,749$3,027$2,432$1,096
20 years$5,302$4,288$3,440$2,742$2,172$929
21 years$4,996$3,994$3,164$2,488$1,944$789
22 years$4,719$3,728$2,917$2,262$1,742$671
23 years$4,466$3,487$2,693$2,060$1,564$571
24 years$4,235$3,267$2,491$1,879$1,406$486
25 years$4,022$3,066$2,307$1,716$1,265$414
26 years$3,826$2,881$2,139$1,569$1,139$353
27 years$3,645$2,712$1,987$1,436$1,027$301
28 years$3,477$2,555$1,847$1,316$927$256
29 years$3,321$2,411$1,719$1,207$837$219
30 years$3,175$2,276$1,601$1,108$756$187
31 years$3,040$2,152$1,492$1,017$684$159
32 years$2,913$2,036$1,392$935$618$136
33 years$2,794$1,928$1,300$860$560$116
34 years$2,682$1,828$1,215$791$507$99
35 years$2,577$1,733$1,136$728$459$85
36 years$2,478$1,645$1,062$671$416$72
37 years$2,384$1,563$994$618$377$62
38 years$2,296$1,485$931$569$342$53
39 years$2,212$1,412$872$525$310$45
40 years$2,133$1,344$818$484$281$39
41 years$2,058$1,279$767$447$255$33
42 years$1,986$1,218$719$412$231$28
43 years$1,918$1,161$675$381$210$24
44 years$1,854$1,106$634$351$191$21
45 years$1,792$1,055$595$325$173$18
46 years$1,733$1,006$559$300$157$15
47 years$1,677$960$525$277$143$13
48 years$1,623$917$493$256$130$11
49 years$1,572$875$464$237$118$9
50 years$1,523$836$436$219$107$8

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 $2,473 every year, while hoping to spend $23,951 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: 33/48/19 Blend
52$1,560,000$1,560,000$1,560,000$1,560,000
53$1,721,671$1,638,991$1,614,811$1,768,298
54$1,871,798$1,693,818$1,643,423$1,857,899
55$2,036,435$1,750,528$1,672,192$1,952,026
56$2,217,036$1,809,190$1,701,096$2,052,969
57$2,415,206$1,869,872$1,730,114$2,161,343
58$2,632,707$1,932,646$1,759,223$2,277,819
59$2,871,485$1,997,587$1,788,399$2,403,139
60$3,133,681$2,064,773$1,817,614$2,538,115
61$3,421,653$2,134,284$1,846,842$2,683,641
62$3,738,002$2,206,204$1,876,051$2,840,696
63$4,085,590$2,280,620$1,905,210$3,010,360
64$4,467,570$2,357,620$1,934,285$3,193,819
65$4,887,417$2,437,299$1,963,239$3,392,376
66$5,348,960$2,519,753$1,992,033$3,607,464
67$5,856,416$2,605,082$2,020,628$3,840,659
68$6,414,430$2,693,392$2,048,979$4,093,696
69$7,028,123$2,784,789$2,077,041$4,368,481
70$7,703,135$2,879,386$2,104,765$4,667,113
71$8,445,679$2,977,301$2,132,099$4,991,899
72$9,262,602$3,078,653$2,158,989$5,345,381
73$10,161,449$3,183,568$2,185,376$5,730,353
74$11,150,531$3,292,177$2,211,201$6,149,893
75$12,239,007$3,404,616$2,236,397$6,607,386
76$13,436,968$3,521,024$2,260,899$7,106,559
77$14,755,533$3,641,548$2,284,633$7,651,516
78$16,206,953$3,766,339$2,307,524$8,246,773
79$17,804,728$3,895,556$2,329,492$8,897,305
80$19,563,733$4,029,361$2,350,452$9,608,585
81$21,500,359$4,167,925$2,370,318$10,386,643
82$23,632,666$4,311,423$2,388,994$11,238,117
83$25,980,555$4,460,041$2,406,382$12,170,318
84$28,565,956$4,613,967$2,422,380$13,191,297
85$31,413,032$4,773,400$2,436,879$14,309,919
86$34,548,411$4,938,546$2,449,763$15,535,948
87$38,001,432$5,109,618$2,460,914$16,880,139
88$41,804,428$5,286,839$2,470,204$18,354,337
89$45,993,025$5,470,440$2,477,502$19,971,589
90$50,606,482$5,660,660$2,482,667$21,746,263
91$55,688,060$5,857,749$2,485,553$23,694,191
92$61,285,431$6,061,967$2,486,007$25,832,808
93$67,451,124$6,273,583$2,483,868$28,181,323
94$74,243,027$6,492,877$2,478,966$30,760,894
95$81,724,929$6,720,141$2,471,125$33,594,831
96$89,967,123$6,955,678$2,460,158$36,708,813
97$99,047,066$7,199,804$2,445,870$40,131,130
98$109,050,118$7,452,845$2,428,058$43,892,947
99$120,070,339$7,715,144$2,406,507$48,028,601
100$132,211,381$7,987,054$2,380,993$52,575,920