Can I retire at age 53 with 1,230,000?

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 $1,230,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$101,572$100,667$99,785$98,923$98,082$97,546
2 years$50,283$49,347$48,439$47,559$46,706$46,165
3 years$33,189$32,249$31,343$30,472$29,632$29,103
4 years$24,644$23,706$22,810$21,953$21,134$20,620
5 years$19,518$18,586$17,701$16,862$16,066$15,570
6 years$16,102$15,177$14,305$13,485$12,712$12,234
7 years$13,663$12,745$11,888$11,087$10,338$9,879
8 years$11,834$10,925$10,082$9,300$8,577$8,136
9 years$10,413$9,512$8,683$7,922$7,223$6,800
10 years$9,276$8,385$7,570$6,829$6,154$5,750
11 years$8,347$7,464$6,665$5,943$5,293$4,906
12 years$7,573$6,700$5,915$5,213$4,587$4,217
13 years$6,919$6,055$5,285$4,602$4,000$3,648
14 years$6,359$5,503$4,748$4,085$3,506$3,171
15 years$5,873$5,027$4,287$3,643$3,087$2,768
16 years$5,449$4,613$3,887$3,262$2,728$2,425
17 years$5,076$4,248$3,537$2,931$2,419$2,131
18 years$4,744$3,925$3,229$2,641$2,151$1,878
19 years$4,447$3,638$2,956$2,387$1,917$1,659
20 years$4,180$3,381$2,713$2,162$1,712$1,468
21 years$3,939$3,149$2,495$1,962$1,532$1,301
22 years$3,721$2,939$2,300$1,784$1,374$1,155
23 years$3,521$2,749$2,123$1,625$1,233$1,027
24 years$3,339$2,576$1,964$1,482$1,108$914
25 years$3,171$2,417$1,819$1,353$997$814
26 years$3,017$2,272$1,687$1,237$898$726
27 years$2,874$2,138$1,566$1,132$810$648
28 years$2,741$2,015$1,456$1,038$731$579
29 years$2,618$1,901$1,355$951$660$517
30 years$2,504$1,795$1,262$873$596$463
31 years$2,397$1,697$1,177$802$539$414
32 years$2,297$1,606$1,098$737$488$371
33 years$2,203$1,520$1,025$678$441$332
34 years$2,115$1,441$958$624$400$297
35 years$2,032$1,367$895$574$362$266
36 years$1,954$1,297$838$529$328$239
37 years$1,880$1,232$784$487$297$214
38 years$1,810$1,171$734$449$269$192
39 years$1,744$1,113$688$414$244$172
40 years$1,682$1,059$645$382$222$154
41 years$1,622$1,008$605$352$201$138
42 years$1,566$960$567$325$182$124
43 years$1,512$915$532$300$166$112
44 years$1,461$872$500$277$150$100
45 years$1,413$832$469$256$136$90
46 years$1,366$793$441$236$124$81
47 years$1,322$757$414$218$112$72
48 years$1,280$723$389$202$102$65
49 years$1,240$690$366$187$93$58
50 years$1,201$659$344$172$84$52

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,230,000, adding $4,360 every year, while hoping to spend $28,496 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: 82/12/6 Blend
52$1,230,000$1,230,000$1,230,000$1,230,000
53$1,359,957$1,294,767$1,275,702$1,470,592
54$1,468,353$1,327,891$1,288,119$1,576,669
55$1,586,851$1,361,684$1,299,996$1,688,826
56$1,716,450$1,396,146$1,311,286$1,811,065
57$1,858,252$1,431,282$1,321,939$1,944,380
58$2,013,470$1,467,090$1,331,899$2,089,862
59$2,183,438$1,503,572$1,341,113$2,248,715
60$2,369,628$1,540,727$1,349,519$2,422,264
61$2,573,659$1,578,551$1,357,057$2,611,969
62$2,797,315$1,617,043$1,363,661$2,819,436
63$3,042,559$1,656,196$1,369,262$3,046,437
64$3,311,556$1,696,006$1,373,788$3,294,921
65$3,606,688$1,736,463$1,377,164$3,567,035
66$3,930,581$1,777,560$1,379,309$3,865,147
67$4,286,124$1,819,285$1,380,140$4,191,861
68$4,676,504$1,861,625$1,379,570$4,550,049
69$5,105,228$1,904,565$1,377,506$4,942,873
70$5,576,162$1,948,089$1,373,852$5,373,819
71$6,093,561$1,992,177$1,368,507$5,846,724
72$6,662,118$2,036,806$1,361,366$6,365,817
73$7,286,998$2,081,954$1,352,315$6,935,759
74$7,973,894$2,127,592$1,341,240$7,561,681
75$8,729,077$2,173,690$1,328,018$8,249,241
76$9,559,458$2,220,216$1,312,521$9,004,669
77$10,472,648$2,267,131$1,294,616$9,834,832
78$11,477,034$2,314,397$1,274,162$10,747,295
79$12,581,857$2,361,968$1,251,012$11,750,394
80$13,797,298$2,409,796$1,225,012$12,853,314
81$15,134,575$2,457,829$1,196,003$14,066,174
82$16,606,048$2,506,009$1,163,815$15,400,127
83$18,225,335$2,554,273$1,128,273$16,867,459
84$20,007,441$2,602,555$1,089,193$18,481,711
85$21,968,901$2,650,781$1,046,382$20,257,802
86$24,127,932$2,698,872$999,638$22,212,173
87$26,504,607$2,746,743$948,752$24,362,938
88$29,121,046$2,794,302$893,504$26,730,061
89$32,001,619$2,841,450$833,664$29,335,537
90$35,173,184$2,888,080$768,991$32,203,608
91$38,665,331$2,934,079$699,234$35,360,984
92$42,510,668$2,979,322$624,132$38,837,098
93$46,745,126$3,023,679$543,410$42,664,385
94$51,408,297$3,067,007$456,783$46,878,589
95$56,543,810$3,109,157$363,951$51,519,095
96$62,199,739$3,149,966$264,604$56,629,307
97$68,429,059$3,189,261$158,415$62,257,053
98$75,290,145$3,226,857$45,044$68,455,039
99$82,847,324$3,262,557$0$75,281,347
100$91,171,479$3,296,150$0$82,804,842