Can I retire at age 53 with 1,580,000?

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 $1,580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$130,475$129,313$128,179$127,072$125,991$121,232
2 years$64,592$63,389$62,223$61,092$59,996$55,256
3 years$42,633$41,425$40,262$39,142$38,064$33,493
4 years$31,656$30,452$29,301$28,200$27,147$22,780
5 years$25,072$23,875$22,738$21,660$20,637$16,485
6 years$20,684$19,495$18,376$17,322$16,329$12,395
7 years$17,550$16,372$15,271$14,241$13,280$9,562
8 years$15,202$14,034$12,951$11,947$11,017$7,512
9 years$13,376$12,219$11,154$10,176$9,278$5,981
10 years$11,916$10,771$9,725$8,772$7,905$4,811
11 years$10,722$9,588$8,561$7,634$6,799$3,899
12 years$9,728$8,606$7,598$6,696$5,892$3,180
13 years$8,888$7,777$6,788$5,912$5,138$2,606
14 years$8,168$7,069$6,099$5,248$4,504$2,144
15 years$7,545$6,458$5,507$4,680$3,965$1,770
16 years$7,000$5,925$4,993$4,190$3,505$1,464
17 years$6,520$5,457$4,543$3,765$3,107$1,214
18 years$6,093$5,042$4,147$3,393$2,763$1,008
19 years$5,712$4,673$3,797$3,066$2,463$839
20 years$5,370$4,343$3,484$2,777$2,200$698
21 years$5,060$4,045$3,205$2,520$1,969$582
22 years$4,779$3,776$2,954$2,291$1,765$486
23 years$4,523$3,531$2,727$2,087$1,584$405
24 years$4,289$3,309$2,522$1,903$1,424$338
25 years$4,073$3,105$2,336$1,738$1,281$283
26 years$3,875$2,918$2,167$1,589$1,154$236
27 years$3,692$2,746$2,012$1,455$1,040$198
28 years$3,521$2,588$1,870$1,333$939$165
29 years$3,363$2,441$1,741$1,222$848$138
30 years$3,216$2,306$1,621$1,122$766$116
31 years$3,079$2,180$1,512$1,030$692$97
32 years$2,950$2,062$1,410$947$626$81
33 years$2,830$1,953$1,317$871$567$68
34 years$2,716$1,851$1,230$801$513$57
35 years$2,610$1,756$1,150$737$465$48
36 years$2,509$1,666$1,076$679$421$40
37 years$2,415$1,583$1,007$626$382$33
38 years$2,325$1,504$943$577$346$28
39 years$2,240$1,430$884$532$314$23
40 years$2,160$1,361$828$491$285$20
41 years$2,084$1,295$777$453$258$16
42 years$2,012$1,234$728$418$234$14
43 years$1,943$1,175$684$386$213$11
44 years$1,877$1,120$642$356$193$10
45 years$1,815$1,068$603$329$175$8
46 years$1,755$1,019$566$304$159$7
47 years$1,699$973$532$281$144$6
48 years$1,644$929$500$259$131$5
49 years$1,592$887$470$240$119$4
50 years$1,543$847$441$221$108$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,580,000, adding $3,152 every year, while hoping to spend $58,822 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: 47/47/6 Blend
52$1,580,000$1,580,000$1,580,000$1,580,000
53$1,744,411$1,660,671$1,636,181$1,823,483
54$1,859,755$1,679,458$1,628,407$1,896,810
55$1,984,892$1,697,194$1,618,401$1,969,891
56$2,120,760$1,713,765$1,606,026$2,047,814
57$2,268,389$1,729,051$1,591,140$2,131,043
58$2,428,912$1,742,922$1,573,590$2,220,093
59$2,603,577$1,755,241$1,553,221$2,315,532
60$2,793,755$1,765,861$1,529,868$2,417,989
61$3,000,957$1,774,627$1,503,357$2,528,158
62$3,226,844$1,781,373$1,473,509$2,646,808
63$3,473,245$1,785,923$1,440,134$2,774,787
64$3,742,172$1,788,090$1,403,035$2,913,033
65$4,035,842$1,787,674$1,362,005$3,062,584
66$4,356,693$1,784,465$1,316,827$3,224,584
67$4,707,411$1,778,239$1,267,276$3,400,301
68$5,090,951$1,768,757$1,213,114$3,591,134
69$5,510,569$1,755,767$1,154,094$3,798,628
70$5,969,849$1,739,001$1,089,958$4,024,494
71$6,472,737$1,718,176$1,020,435$4,270,617
72$7,023,579$1,692,990$945,243$4,539,084
73$7,627,162$1,663,125$864,087$4,832,199
74$8,288,757$1,628,242$776,658$5,152,505
75$9,014,169$1,587,984$682,634$5,502,813
76$9,809,791$1,541,972$581,679$5,886,228
77$10,682,666$1,489,805$473,442$6,306,178
78$11,640,551$1,431,059$357,556$6,766,449
79$12,691,991$1,365,284$233,637$7,271,221
80$13,846,396$1,292,006$101,286$7,825,111
81$15,114,136$1,210,721$0$8,433,214
82$16,506,630$1,120,899$0$9,103,717
83$18,036,460$1,021,977$0$9,847,357
84$19,717,487$913,361$0$10,664,531
85$21,564,980$794,425$0$11,562,837
86$23,595,760$664,505$0$12,550,661
87$25,828,362$522,900$0$13,637,258
88$28,283,203$368,870$0$14,832,837
89$30,982,779$201,633$0$16,148,665
90$33,951,874$20,365$0$17,597,171
91$37,217,795$0$0$19,192,070
92$40,810,630$0$0$21,039,416
93$44,763,527$0$0$23,083,691
94$49,113,012$0$0$25,333,278
95$53,899,328$0$0$27,809,016
96$59,166,816$0$0$30,533,870
97$64,964,336$0$0$33,533,141
98$71,345,722$0$0$36,834,710
99$78,370,292$0$0$40,469,296
100$86,103,409$0$0$44,470,749