Can I retire at age 53 with 1,590,000?

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 $1,590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$131,301$130,131$128,990$127,876$126,789$122,730
2 years$65,000$63,790$62,617$61,479$60,376$56,324
3 years$42,903$41,687$40,517$39,390$38,305$34,387
4 years$31,857$30,645$29,486$28,378$27,319$23,566
5 years$25,231$24,026$22,882$21,797$20,768$17,189
6 years$20,815$19,619$18,492$17,432$16,433$13,031
7 years$17,662$16,476$15,367$14,331$13,364$10,140
8 years$15,298$14,123$13,033$12,022$11,087$8,037
9 years$13,460$12,296$11,225$10,240$9,337$6,458
10 years$11,991$10,839$9,786$8,827$7,955$5,244
11 years$10,790$9,649$8,616$7,682$6,842$4,292
12 years$9,790$8,661$7,646$6,738$5,929$3,535
13 years$8,944$7,827$6,831$5,949$5,170$2,927
14 years$8,220$7,114$6,138$5,281$4,532$2,434
15 years$7,593$6,499$5,542$4,710$3,991$2,030
16 years$7,044$5,963$5,024$4,217$3,527$1,698
17 years$6,561$5,491$4,572$3,789$3,127$1,423
18 years$6,132$5,074$4,174$3,415$2,781$1,196
19 years$5,749$4,703$3,821$3,085$2,478$1,006
20 years$5,404$4,370$3,507$2,794$2,214$847
21 years$5,092$4,071$3,225$2,536$1,981$714
22 years$4,810$3,800$2,973$2,306$1,776$603
23 years$4,552$3,554$2,745$2,100$1,594$509
24 years$4,316$3,330$2,538$1,915$1,433$430
25 years$4,099$3,125$2,351$1,749$1,289$364
26 years$3,900$2,937$2,180$1,599$1,161$308
27 years$3,715$2,764$2,025$1,464$1,047$261
28 years$3,544$2,604$1,882$1,341$945$221
29 years$3,385$2,457$1,752$1,230$853$187
30 years$3,237$2,320$1,632$1,129$771$158
31 years$3,098$2,193$1,521$1,037$697$134
32 years$2,969$2,075$1,419$953$630$114
33 years$2,847$1,965$1,325$876$570$96
34 years$2,734$1,863$1,238$806$517$82
35 years$2,626$1,767$1,158$742$468$69
36 years$2,525$1,677$1,083$683$424$59
37 years$2,430$1,593$1,014$630$384$50
38 years$2,340$1,514$949$580$348$42
39 years$2,255$1,439$889$535$316$36
40 years$2,174$1,369$833$494$286$30
41 years$2,097$1,304$782$455$260$26
42 years$2,024$1,241$733$420$236$22
43 years$1,955$1,183$688$388$214$18
44 years$1,889$1,128$646$358$194$16
45 years$1,826$1,075$606$331$176$13
46 years$1,766$1,026$569$306$160$11
47 years$1,709$979$535$282$145$10
48 years$1,655$934$503$261$132$8
49 years$1,602$892$473$241$120$7
50 years$1,552$852$444$223$109$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,590,000, adding $6,427 every year, while hoping to spend $56,781 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: 74/17/9 Blend
52$1,590,000$1,590,000$1,590,000$1,590,000
53$1,758,809$1,674,539$1,649,894$1,885,784
54$1,877,793$1,696,177$1,644,751$1,992,014
55$2,007,011$1,716,972$1,637,533$2,100,591
56$2,147,445$1,736,823$1,628,110$2,217,946
57$2,300,179$1,755,622$1,616,346$2,344,932
58$2,466,403$1,773,254$1,602,099$2,482,485
59$2,647,428$1,789,595$1,585,221$2,631,638
60$2,844,695$1,804,514$1,565,555$2,793,529
61$3,059,791$1,817,872$1,542,939$2,969,413
62$3,294,462$1,829,521$1,517,199$3,160,671
63$3,550,631$1,839,301$1,488,159$3,368,826
64$3,830,413$1,847,044$1,455,630$3,595,557
65$4,136,138$1,852,572$1,419,416$3,842,712
66$4,470,369$1,855,694$1,379,313$4,112,330
67$4,835,932$1,856,207$1,335,105$4,406,658
68$5,235,934$1,853,898$1,286,567$4,728,173
69$5,673,798$1,848,538$1,233,466$5,079,602
70$6,153,294$1,839,885$1,175,556$5,463,955
71$6,678,573$1,827,682$1,112,580$5,884,547
72$7,254,206$1,811,657$1,044,270$6,345,032
73$7,885,227$1,791,521$970,346$6,849,440
74$8,577,183$1,766,968$890,514$7,402,209
75$9,336,179$1,737,673$804,470$8,008,235
76$10,168,942$1,703,292$711,893$8,672,912
77$11,082,883$1,663,462$612,450$9,402,186
78$12,086,161$1,617,796$505,791$10,202,613
79$13,187,768$1,565,887$391,554$11,081,416
80$14,397,607$1,507,302$269,357$12,046,561
81$15,726,587$1,441,583$138,805$13,106,824
82$17,186,726$1,368,248$0$14,271,884
83$18,791,265$1,286,785$0$15,552,453
84$20,554,788$1,196,651$0$16,974,469
85$22,493,365$1,097,276$0$18,537,588
86$24,624,700$988,054$0$20,256,141
87$26,968,296$868,346$0$22,145,918
88$29,545,644$737,477$0$24,224,323
89$32,380,419$594,732$0$26,510,535
90$35,498,706$439,358$0$29,025,693
91$38,929,245$270,558$0$31,793,091
92$42,703,705$87,492$0$34,838,404
93$46,856,975$0$0$38,189,926
94$51,427,500$0$0$41,899,554
95$56,457,638$0$0$46,000,317
96$61,994,063$0$0$50,513,909
97$68,088,203$0$0$55,482,266
98$74,796,723$0$0$60,951,597
99$82,182,064$0$0$66,972,820
100$90,313,025$0$0$73,602,039