Can I retire at age 53 with 1,570,000?

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 $1,570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$129,649$128,494$127,368$126,268$125,194$120,227
2 years$64,183$62,987$61,829$60,706$59,616$54,673
3 years$42,363$41,163$40,007$38,895$37,823$33,060
4 years$31,456$30,259$29,115$28,021$26,976$22,429
5 years$24,913$23,724$22,595$21,523$20,506$16,188
6 years$20,553$19,372$18,260$17,212$16,226$12,138
7 years$17,439$16,269$15,174$14,151$13,196$9,337
8 years$15,105$13,945$12,869$11,871$10,947$7,314
9 years$13,291$12,142$11,084$10,111$9,219$5,805
10 years$11,840$10,702$9,663$8,716$7,855$4,654
11 years$10,654$9,528$8,507$7,586$6,756$3,760
12 years$9,667$8,552$7,550$6,654$5,854$3,057
13 years$8,831$7,728$6,745$5,874$5,105$2,496
14 years$8,116$7,025$6,061$5,214$4,475$2,047
15 years$7,497$6,417$5,472$4,650$3,940$1,683
16 years$6,956$5,888$4,961$4,164$3,482$1,387
17 years$6,479$5,422$4,515$3,741$3,088$1,146
18 years$6,055$5,010$4,121$3,372$2,746$948
19 years$5,676$4,644$3,773$3,047$2,447$786
20 years$5,336$4,315$3,462$2,759$2,186$652
21 years$5,028$4,019$3,185$2,504$1,956$541
22 years$4,749$3,752$2,935$2,277$1,753$450
23 years$4,495$3,509$2,710$2,074$1,574$374
24 years$4,262$3,288$2,506$1,891$1,415$311
25 years$4,048$3,085$2,321$1,727$1,273$259
26 years$3,850$2,900$2,153$1,579$1,147$216
27 years$3,668$2,729$1,999$1,446$1,034$179
28 years$3,499$2,572$1,859$1,324$933$149
29 years$3,342$2,426$1,730$1,215$842$125
30 years$3,196$2,291$1,611$1,115$761$104
31 years$3,059$2,166$1,502$1,024$688$87
32 years$2,931$2,049$1,401$941$622$72
33 years$2,812$1,941$1,308$865$563$60
34 years$2,699$1,839$1,223$796$510$50
35 years$2,593$1,745$1,143$733$462$42
36 years$2,494$1,656$1,069$675$419$35
37 years$2,399$1,573$1,001$622$379$29
38 years$2,310$1,495$937$573$344$24
39 years$2,226$1,421$878$528$312$20
40 years$2,146$1,352$823$487$283$17
41 years$2,071$1,287$772$450$257$14
42 years$1,999$1,226$724$415$233$12
43 years$1,930$1,168$679$383$211$10
44 years$1,865$1,113$638$354$192$8
45 years$1,803$1,062$599$327$174$7
46 years$1,744$1,013$562$302$158$6
47 years$1,688$967$528$279$144$5
48 years$1,634$923$496$258$130$4
49 years$1,582$881$467$238$118$3
50 years$1,533$842$439$220$108$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,570,000, adding $3,263 every year, while hoping to spend $23,395 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: 63/10/27 Blend
52$1,570,000$1,570,000$1,570,000$1,570,000
53$1,733,506$1,650,296$1,625,961$1,830,073
54$1,885,431$1,706,268$1,655,538$1,951,883
55$2,052,069$1,764,199$1,685,323$2,082,023
56$2,234,895$1,824,160$1,715,296$2,223,669
57$2,435,535$1,886,224$1,745,439$2,377,952
58$2,655,780$1,950,470$1,775,732$2,546,119
59$2,897,602$2,016,975$1,806,151$2,729,540
60$3,163,174$2,085,824$1,836,674$2,929,728
61$3,454,890$2,157,102$1,867,275$3,148,345
62$3,775,387$2,230,898$1,897,927$3,387,223
63$4,127,570$2,307,305$1,928,601$3,648,383
64$4,514,639$2,386,420$1,959,266$3,934,047
65$4,940,120$2,468,342$1,989,888$4,246,663
66$5,407,897$2,553,175$2,020,434$4,588,931
67$5,922,249$2,641,028$2,050,866$4,963,822
68$6,487,892$2,732,011$2,081,143$5,374,610
69$7,110,020$2,826,243$2,111,225$5,824,902
70$7,794,356$2,923,843$2,141,065$6,318,672
71$8,547,207$3,024,938$2,170,618$6,860,298
72$9,375,521$3,129,659$2,199,831$7,454,604
73$10,286,952$3,238,140$2,228,654$8,106,904
74$11,289,935$3,350,523$2,257,028$8,823,052
75$12,393,765$3,466,955$2,284,895$9,609,501
76$13,608,681$3,587,588$2,312,191$10,473,358
77$14,945,968$3,712,581$2,338,851$11,422,455
78$16,418,058$3,842,099$2,364,803$12,465,421
79$18,038,650$3,976,312$2,389,974$13,611,766
80$19,822,840$4,115,399$2,414,286$14,871,965
81$21,787,262$4,259,545$2,437,657$16,257,564
82$23,950,242$4,408,943$2,459,998$17,781,283
83$26,331,979$4,563,793$2,481,220$19,457,139
84$28,954,725$4,724,303$2,501,225$21,300,577
85$31,843,003$4,890,690$2,519,912$23,328,617
86$35,023,834$5,063,179$2,537,174$25,560,012
87$38,526,995$5,242,004$2,552,899$28,015,429
88$42,385,296$5,427,410$2,566,969$30,717,639
89$46,634,894$5,619,651$2,579,260$33,691,736
90$51,315,628$5,818,989$2,589,641$36,965,372
91$56,471,403$6,025,700$2,597,974$40,569,017
92$62,150,597$6,240,070$2,604,117$44,536,248
93$68,406,520$6,462,396$2,607,917$48,904,067
94$75,297,919$6,692,987$2,609,217$53,713,247
95$82,889,530$6,932,167$2,607,848$59,008,719
96$91,252,689$7,180,269$2,603,638$64,839,996
97$100,466,005$7,437,645$2,596,402$71,261,638
98$110,616,104$7,704,656$2,585,948$78,333,771
99$121,798,444$7,981,681$2,572,075$86,122,651
100$134,118,217$8,269,115$2,554,571$94,701,291