Can I retire at age 53 with 1,250,000?

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 $1,250,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$103,224$102,304$101,407$100,532$99,677$97,864
2 years$51,101$50,149$49,227$48,333$47,465$45,646
3 years$33,729$32,773$31,853$30,967$30,114$28,344
4 years$25,045$24,092$23,181$22,310$21,477$19,771
5 years$19,835$18,888$17,989$17,136$16,327$14,688
6 years$16,364$15,424$14,538$13,704$12,919$11,350
7 years$13,885$12,953$12,081$11,267$10,506$9,008
8 years$12,027$11,103$10,246$9,451$8,716$7,288
9 years$10,582$9,667$8,825$8,051$7,340$5,981
10 years$9,427$8,521$7,694$6,940$6,254$4,963
11 years$8,483$7,586$6,773$6,040$5,379$4,154
12 years$7,696$6,809$6,011$5,298$4,661$3,501
13 years$7,031$6,153$5,371$4,677$4,065$2,968
14 years$6,462$5,593$4,825$4,152$3,563$2,527
15 years$5,969$5,109$4,357$3,703$3,137$2,160
16 years$5,538$4,688$3,950$3,315$2,773$1,853
17 years$5,158$4,317$3,594$2,979$2,458$1,593
18 years$4,821$3,989$3,281$2,684$2,186$1,373
19 years$4,519$3,697$3,004$2,426$1,948$1,186
20 years$4,248$3,436$2,757$2,197$1,740$1,026
21 years$4,004$3,200$2,536$1,994$1,557$888
22 years$3,781$2,987$2,337$1,813$1,396$770
23 years$3,579$2,794$2,158$1,651$1,253$669
24 years$3,393$2,618$1,996$1,506$1,126$581
25 years$3,223$2,457$1,848$1,375$1,014$505
26 years$3,066$2,309$1,714$1,257$913$440
27 years$2,921$2,173$1,592$1,151$823$383
28 years$2,786$2,047$1,480$1,054$743$334
29 years$2,661$1,931$1,377$967$671$291
30 years$2,544$1,824$1,283$887$606$253
31 years$2,436$1,724$1,196$815$548$221
32 years$2,334$1,632$1,116$749$496$193
33 years$2,239$1,545$1,042$689$448$168
34 years$2,149$1,464$973$634$406$147
35 years$2,065$1,389$910$583$368$128
36 years$1,985$1,318$851$537$333$112
37 years$1,910$1,252$797$495$302$98
38 years$1,840$1,190$746$456$274$85
39 years$1,772$1,132$699$421$248$75
40 years$1,709$1,077$655$388$225$65
41 years$1,649$1,025$614$358$204$57
42 years$1,591$976$576$330$185$50
43 years$1,537$930$541$305$168$43
44 years$1,485$886$508$282$153$38
45 years$1,436$845$477$260$139$33
46 years$1,389$806$448$240$126$29
47 years$1,344$770$421$222$114$25
48 years$1,301$735$395$205$104$22
49 years$1,260$702$372$190$94$19
50 years$1,220$670$349$175$86$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,250,000, adding $6,574 every year, while hoping to spend $50,075 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: 64/26/10 Blend
52$1,250,000$1,250,000$1,250,000$1,250,000
53$1,384,281$1,318,031$1,298,656$1,469,450
54$1,472,198$1,329,335$1,288,882$1,538,416
55$1,567,405$1,339,515$1,277,101$1,607,259
56$1,670,591$1,348,462$1,263,195$1,681,178
57$1,782,517$1,356,062$1,247,038$1,760,665
58$1,904,017$1,362,193$1,228,497$1,846,263
59$2,036,010$1,366,724$1,207,435$1,938,569
60$2,179,507$1,369,517$1,183,708$2,038,243
61$2,335,619$1,370,425$1,157,164$2,146,015
62$2,505,569$1,369,293$1,127,646$2,262,687
63$2,690,703$1,365,954$1,094,988$2,389,148
64$2,892,502$1,360,234$1,059,018$2,526,375
65$3,112,596$1,351,944$1,019,554$2,675,450
66$3,352,779$1,340,887$976,407$2,837,563
67$3,615,026$1,326,854$929,380$3,014,031
68$3,901,510$1,309,621$878,265$3,206,304
69$4,214,624$1,288,953$822,848$3,415,984
70$4,557,004$1,264,600$762,901$3,644,837
71$4,931,550$1,236,296$698,190$3,894,814
72$5,341,456$1,203,763$628,467$4,168,065
73$5,790,239$1,166,702$553,476$4,466,963
74$6,281,773$1,124,800$472,947$4,794,127
75$6,820,323$1,077,724$386,599$5,152,446
76$7,410,586$1,025,123$294,140$5,545,106
77$8,057,735$966,623$195,263$5,975,624
78$8,767,468$901,832$89,649$6,447,877
79$9,546,061$830,333$0$6,966,144
80$10,400,427$751,687$0$7,537,605
81$11,338,179$665,428$0$8,175,374
82$12,367,704$571,065$0$8,875,656
83$13,498,241$468,078$0$9,644,824
84$14,739,967$355,920$0$10,489,909
85$16,104,095$234,011$0$11,418,657
86$17,602,973$101,738$0$12,439,614
87$19,250,210$0$0$13,562,198
88$21,060,794$0$0$14,808,683
89$23,051,240$0$0$16,211,085
90$25,239,742$0$0$17,753,127
91$27,646,346$0$0$19,448,946
92$30,293,136$0$0$21,314,116
93$33,204,445$0$0$23,365,797
94$36,407,082$0$0$25,622,894
95$39,930,585$0$0$28,106,240
96$43,807,500$0$0$30,838,787
97$48,073,685$0$0$33,845,823
98$52,768,654$0$0$37,155,213
99$57,935,939$0$0$40,797,660
100$63,623,512$0$0$44,806,994