Can I retire at age 53 with 1,270,000?

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 $1,270,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$104,875$103,941$103,030$102,140$101,272$98,864
2 years$51,919$50,952$50,014$49,106$48,225$45,813
3 years$34,269$33,297$32,363$31,463$30,596$28,255
4 years$25,445$24,477$23,552$22,667$21,821$19,570
5 years$20,153$19,190$18,277$17,410$16,588$14,433
6 years$16,625$15,670$14,771$13,923$13,126$11,068
7 years$14,107$13,160$12,274$11,447$10,675$8,715
8 years$12,219$11,281$10,410$9,603$8,856$6,994
9 years$10,751$9,822$8,966$8,179$7,458$5,692
10 years$9,578$8,657$7,817$7,051$6,354$4,682
11 years$8,618$7,707$6,882$6,136$5,465$3,885
12 years$7,819$6,918$6,107$5,382$4,736$3,245
13 years$7,144$6,251$5,456$4,752$4,130$2,725
14 years$6,565$5,682$4,903$4,218$3,620$2,298
15 years$6,064$5,191$4,426$3,762$3,187$1,946
16 years$5,627$4,763$4,013$3,368$2,817$1,652
17 years$5,241$4,386$3,652$3,026$2,498$1,406
18 years$4,898$4,053$3,334$2,727$2,221$1,200
19 years$4,592$3,756$3,052$2,464$1,980$1,025
20 years$4,316$3,491$2,801$2,232$1,768$878
21 years$4,068$3,251$2,576$2,026$1,582$752
22 years$3,842$3,035$2,374$1,842$1,418$645
23 years$3,636$2,839$2,192$1,677$1,273$554
24 years$3,447$2,660$2,028$1,530$1,144$476
25 years$3,274$2,496$1,878$1,397$1,030$409
26 years$3,115$2,346$1,742$1,277$928$352
27 years$2,967$2,208$1,617$1,169$836$303
28 years$2,831$2,080$1,503$1,071$755$261
29 years$2,704$1,962$1,399$982$681$225
30 years$2,585$1,853$1,303$902$616$194
31 years$2,475$1,752$1,215$828$557$167
32 years$2,371$1,658$1,134$761$503$144
33 years$2,274$1,570$1,058$700$456$124
34 years$2,183$1,488$989$644$413$107
35 years$2,098$1,411$925$593$374$93
36 years$2,017$1,339$865$546$339$80
37 years$1,941$1,272$810$503$307$69
38 years$1,869$1,209$758$464$278$59
39 years$1,801$1,150$710$427$252$51
40 years$1,736$1,094$666$394$229$44
41 years$1,675$1,041$624$364$208$38
42 years$1,617$992$586$336$188$33
43 years$1,562$945$549$310$171$29
44 years$1,509$901$516$286$155$25
45 years$1,459$859$484$264$141$21
46 years$1,411$819$455$244$128$18
47 years$1,365$782$427$226$116$16
48 years$1,322$746$402$208$105$14
49 years$1,280$713$377$193$96$12
50 years$1,240$681$355$178$87$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,270,000, adding $5,548 every year, while hoping to spend $49,504 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: 46/28/26 Blend
52$1,270,000$1,270,000$1,270,000$1,270,000
53$1,405,263$1,337,953$1,318,268$1,459,174
54$1,495,928$1,350,841$1,309,758$1,510,682
55$1,594,181$1,362,701$1,299,304$1,561,279
56$1,700,745$1,373,431$1,286,788$1,615,205
57$1,816,414$1,382,921$1,272,088$1,672,799
58$1,942,059$1,391,055$1,255,074$1,734,435
59$2,078,642$1,397,710$1,235,612$1,800,527
60$2,227,219$1,402,753$1,213,560$1,871,534
61$2,388,952$1,406,045$1,188,771$1,947,964
62$2,565,121$1,407,437$1,161,091$2,030,381
63$2,757,132$1,406,770$1,130,356$2,119,409
64$2,966,535$1,403,878$1,096,399$2,215,738
65$3,195,035$1,398,581$1,059,042$2,320,132
66$3,444,509$1,390,691$1,018,099$2,433,437
67$3,717,021$1,380,007$973,378$2,556,591
68$4,014,846$1,366,317$924,675$2,690,629
69$4,340,488$1,349,394$871,780$2,836,697
70$4,696,704$1,329,001$814,470$2,996,063
71$5,086,529$1,304,883$752,516$3,170,131
72$5,513,304$1,276,772$685,675$3,360,449
73$5,980,712$1,244,384$613,695$3,568,734
74$6,492,804$1,207,418$536,313$3,796,880
75$7,054,044$1,165,555$453,254$4,046,983
76$7,669,348$1,118,459$364,230$4,321,359
77$8,344,131$1,065,773$268,941$4,622,567
78$9,084,355$1,007,119$167,073$4,953,436
79$9,896,590$942,099$58,301$5,317,090
80$10,788,070$870,289$0$5,716,982
81$11,766,766$791,246$0$6,172,954
82$12,841,454$704,495$0$6,691,491
83$14,021,808$609,540$0$7,261,157
84$15,318,478$505,854$0$7,887,197
85$16,743,202$392,881$0$8,575,397
86$18,308,909$270,032$0$9,332,137
87$20,029,842$136,687$0$10,164,454
88$21,921,692$0$0$11,080,109
89$24,001,749$0$0$12,090,068
90$26,289,059$0$0$13,247,129
91$28,804,607$0$0$14,519,812
92$31,571,514$0$0$15,919,835
93$34,615,254$0$0$17,460,109
94$37,963,894$0$0$19,154,859
95$41,648,358$0$0$21,019,759
96$45,702,721$0$0$23,072,079
97$50,164,524$0$0$25,330,847
98$55,075,136$0$0$27,817,030
99$60,480,136$0$0$30,553,730
100$66,429,747$0$0$33,566,404