Can I retire at age 53 with 1,260,000?

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 $1,260,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$104,050$103,123$102,219$101,336$100,474$97,649
2 years$51,510$50,550$49,621$48,719$47,845$45,020
3 years$33,999$33,035$32,108$31,215$30,355$27,619
4 years$25,245$24,284$23,366$22,489$21,649$19,024
5 years$19,994$19,039$18,133$17,273$16,457$13,949
6 years$16,495$15,547$14,654$13,814$13,022$10,633
7 years$13,996$13,056$12,178$11,357$10,591$8,321
8 years$12,123$11,192$10,328$9,527$8,786$6,634
9 years$10,667$9,744$8,895$8,115$7,399$5,363
10 years$9,502$8,589$7,755$6,995$6,304$4,382
11 years$8,551$7,646$6,827$6,088$5,422$3,610
12 years$7,758$6,863$6,059$5,340$4,699$2,993
13 years$7,088$6,202$5,414$4,714$4,097$2,495
14 years$6,514$5,638$4,864$4,185$3,592$2,089
15 years$6,017$5,150$4,392$3,732$3,162$1,755
16 years$5,582$4,725$3,982$3,342$2,795$1,478
17 years$5,199$4,352$3,623$3,003$2,478$1,248
18 years$4,859$4,021$3,307$2,706$2,203$1,056
19 years$4,555$3,727$3,028$2,445$1,964$895
20 years$4,282$3,463$2,779$2,214$1,754$760
21 years$4,036$3,226$2,556$2,010$1,570$646
22 years$3,811$3,011$2,356$1,827$1,407$549
23 years$3,607$2,816$2,175$1,664$1,263$468
24 years$3,420$2,639$2,012$1,518$1,135$398
25 years$3,248$2,476$1,863$1,386$1,022$340
26 years$3,090$2,327$1,728$1,267$920$290
27 years$2,944$2,190$1,605$1,160$830$247
28 years$2,808$2,064$1,492$1,063$749$211
29 years$2,682$1,947$1,388$975$676$180
30 years$2,565$1,839$1,293$895$611$154
31 years$2,455$1,738$1,205$822$552$131
32 years$2,353$1,645$1,125$755$500$112
33 years$2,256$1,558$1,050$694$452$96
34 years$2,166$1,476$981$639$409$82
35 years$2,081$1,400$917$588$371$70
36 years$2,001$1,329$858$542$336$60
37 years$1,926$1,262$803$499$304$51
38 years$1,854$1,200$752$460$276$44
39 years$1,787$1,141$705$424$250$37
40 years$1,723$1,085$660$391$227$32
41 years$1,662$1,033$619$361$206$27
42 years$1,604$984$581$333$187$23
43 years$1,549$937$545$307$170$20
44 years$1,497$894$512$284$154$17
45 years$1,447$852$480$262$140$15
46 years$1,400$813$451$242$127$13
47 years$1,355$776$424$224$115$11
48 years$1,311$740$398$207$105$9
49 years$1,270$707$374$191$95$8
50 years$1,230$675$352$177$86$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,260,000, adding $6,404 every year, while hoping to spend $38,218 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: 55/29/16 Blend
52$1,260,000$1,260,000$1,260,000$1,260,000
53$1,395,126$1,328,346$1,308,816$1,465,608
54$1,496,765$1,352,771$1,311,997$1,538,745
55$1,607,490$1,377,112$1,314,005$1,613,689
56$1,728,189$1,401,325$1,314,758$1,694,434
57$1,859,835$1,425,361$1,314,174$1,781,544
58$2,003,504$1,449,169$1,312,164$1,875,638
59$2,160,377$1,472,694$1,308,637$1,977,402
60$2,331,755$1,495,876$1,303,496$2,087,589
61$2,519,070$1,518,650$1,296,640$2,207,033
62$2,723,901$1,540,950$1,287,963$2,336,650
63$2,947,982$1,562,700$1,277,353$2,477,452
64$3,193,227$1,583,822$1,264,695$2,630,555
65$3,461,740$1,604,233$1,249,866$2,797,190
66$3,755,839$1,623,843$1,232,738$2,978,713
67$4,078,079$1,642,555$1,213,179$3,176,621
68$4,431,269$1,660,267$1,191,047$3,392,563
69$4,818,508$1,676,869$1,166,196$3,628,360
70$5,243,205$1,692,245$1,138,473$3,886,017
71$5,709,118$1,706,271$1,107,718$4,167,746
72$6,220,383$1,718,813$1,073,762$4,475,989
73$6,781,560$1,729,732$1,036,430$4,813,436
74$7,397,667$1,738,877$995,538$5,183,053
75$8,074,235$1,746,088$950,895$5,588,113
76$8,817,356$1,751,196$902,299$6,032,223
77$9,633,741$1,754,020$849,541$6,519,361
78$10,530,784$1,754,368$792,402$7,053,913
79$11,516,629$1,752,037$730,652$7,640,718
80$12,600,249$1,746,810$664,053$8,285,107
81$13,791,528$1,738,458$592,353$8,992,962
82$15,101,360$1,726,738$515,292$9,770,767
83$16,541,741$1,711,391$432,597$10,625,670
84$18,125,893$1,692,143$343,983$11,565,554
85$19,868,380$1,668,704$249,153$12,599,110
86$21,785,251$1,640,767$147,796$13,735,919
87$23,894,187$1,608,005$39,587$14,986,547
88$26,214,670$1,570,073$0$16,362,640
89$28,768,166$1,526,606$0$17,889,995
90$31,578,325$1,477,216$0$19,577,868
91$34,671,209$1,421,494$0$21,435,163
92$38,075,531$1,359,007$0$23,479,151
93$41,822,932$1,289,295$0$25,728,871
94$45,948,274$1,211,873$0$28,205,303
95$50,489,973$1,126,229$0$30,931,575
96$55,490,356$1,031,821$0$33,933,178
97$60,996,066$928,074$0$37,238,205
98$67,058,498$814,382$0$40,877,623
99$73,734,284$690,106$0$44,885,561
100$81,085,829$554,569$0$49,299,637