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%14.2%
1 years$131,301$130,131$128,990$127,876$126,789$124,586
2 years$65,000$63,790$62,617$61,479$60,376$58,163
3 years$42,903$41,687$40,517$39,390$38,305$36,152
4 years$31,857$30,645$29,486$28,378$27,319$25,243
5 years$25,231$24,026$22,882$21,797$20,768$18,773
6 years$20,815$19,619$18,492$17,432$16,433$14,523
7 years$17,662$16,476$15,367$14,331$13,364$11,539
8 years$15,298$14,123$13,033$12,022$11,087$9,346
9 years$13,460$12,296$11,225$10,240$9,337$7,680
10 years$11,991$10,839$9,786$8,827$7,955$6,380
11 years$10,790$9,649$8,616$7,682$6,842$5,347
12 years$9,790$8,661$7,646$6,738$5,929$4,513
13 years$8,944$7,827$6,831$5,949$5,170$3,830
14 years$8,220$7,114$6,138$5,281$4,532$3,266
15 years$7,593$6,499$5,542$4,710$3,991$2,796
16 years$7,044$5,963$5,024$4,217$3,527$2,401
17 years$6,561$5,491$4,572$3,789$3,127$2,067
18 years$6,132$5,074$4,174$3,415$2,781$1,784
19 years$5,749$4,703$3,821$3,085$2,478$1,543
20 years$5,404$4,370$3,507$2,794$2,214$1,337
21 years$5,092$4,071$3,225$2,536$1,981$1,160
22 years$4,810$3,800$2,973$2,306$1,776$1,007
23 years$4,552$3,554$2,745$2,100$1,594$876
24 years$4,316$3,330$2,538$1,915$1,433$762
25 years$4,099$3,125$2,351$1,749$1,289$664
26 years$3,900$2,937$2,180$1,599$1,161$579
27 years$3,715$2,764$2,025$1,464$1,047$505
28 years$3,544$2,604$1,882$1,341$945$440
29 years$3,385$2,457$1,752$1,230$853$384
30 years$3,237$2,320$1,632$1,129$771$336
31 years$3,098$2,193$1,521$1,037$697$293
32 years$2,969$2,075$1,419$953$630$256
33 years$2,847$1,965$1,325$876$570$224
34 years$2,734$1,863$1,238$806$517$196
35 years$2,626$1,767$1,158$742$468$171
36 years$2,525$1,677$1,083$683$424$150
37 years$2,430$1,593$1,014$630$384$131
38 years$2,340$1,514$949$580$348$115
39 years$2,255$1,439$889$535$316$100
40 years$2,174$1,369$833$494$286$88
41 years$2,097$1,304$782$455$260$77
42 years$2,024$1,241$733$420$236$67
43 years$1,955$1,183$688$388$214$59
44 years$1,889$1,128$646$358$194$51
45 years$1,826$1,075$606$331$176$45
46 years$1,766$1,026$569$306$160$39
47 years$1,709$979$535$282$145$35
48 years$1,655$934$503$261$132$30
49 years$1,602$892$473$241$120$26
50 years$1,552$852$444$223$109$23

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 $3,523 every year, while hoping to spend $58,788 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: 62/10/28 Blend
52$1,590,000$1,590,000$1,590,000$1,590,000
53$1,755,814$1,671,544$1,646,899$1,851,285
54$1,872,357$1,690,900$1,639,520$1,935,938
55$1,998,817$1,709,233$1,629,924$2,021,639
56$2,136,144$1,726,433$1,617,973$2,113,970
57$2,285,381$1,742,379$1,603,527$2,213,590
58$2,447,679$1,756,944$1,586,433$2,321,227
59$2,624,300$1,769,993$1,566,536$2,437,685
60$2,816,635$1,781,379$1,543,673$2,563,853
61$3,026,216$1,790,951$1,517,669$2,700,710
62$3,254,726$1,798,543$1,488,347$2,849,338
63$3,504,018$1,803,982$1,455,517$3,010,931
64$3,776,134$1,807,083$1,418,983$3,186,806
65$4,073,319$1,807,649$1,378,538$3,378,418
66$4,398,045$1,805,471$1,333,966$3,587,372
67$4,753,034$1,800,328$1,285,043$3,815,440
68$5,141,284$1,791,985$1,231,532$4,064,576
69$5,566,094$1,780,191$1,173,187$4,336,938
70$6,031,096$1,764,681$1,109,750$4,634,905
71$6,540,293$1,745,175$1,040,951$4,961,104
72$7,098,089$1,721,375$966,510$5,318,434
73$7,709,338$1,692,966$886,131$5,710,090
74$8,379,382$1,659,613$799,508$6,139,600
75$9,114,106$1,620,961$706,319$6,610,856
76$9,919,994$1,576,637$606,230$7,128,150
77$10,804,183$1,526,243$498,889$7,696,217
78$11,774,540$1,469,358$383,931$8,320,281
79$12,839,724$1,405,538$260,974$9,006,104
80$14,009,280$1,334,313$129,621$9,760,040
81$15,293,717$1,255,185$0$10,589,098
82$16,704,615$1,167,628$0$11,504,165
83$18,254,728$1,071,084$0$12,552,142
84$19,958,110$964,967$0$13,703,803
85$21,830,241$848,654$0$14,969,658
86$23,888,176$721,489$0$16,361,290
87$26,150,705$582,777$0$17,891,464
88$28,638,529$431,785$0$19,574,243
89$31,374,455$267,738$0$21,425,131
90$34,383,611$89,819$0$23,461,207
91$37,693,684$0$0$25,701,297
92$41,335,177$0$0$28,177,461
93$45,341,699$0$0$30,912,849
94$49,750,283$0$0$33,922,877
95$54,601,729$0$0$37,235,422
96$59,940,995$0$0$40,881,196
97$65,817,619$0$0$44,894,044
98$72,286,181$0$0$49,311,256
99$79,406,824$0$0$54,173,922
100$87,245,818$0$0$59,527,316