Can I retire at age 53 with 1,300,000?

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 $1,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$107,353$106,397$105,464$104,553$103,664$100,994
2 years$53,145$52,155$51,196$50,266$49,364$46,692
3 years$35,078$34,084$33,127$32,206$31,318$28,728
4 years$26,046$25,055$24,108$23,202$22,337$19,847
5 years$20,629$19,644$18,709$17,822$16,980$14,599
6 years$17,018$16,041$15,120$14,252$13,436$11,165
7 years$14,440$13,471$12,564$11,718$10,927$8,767
8 years$12,508$11,547$10,656$9,830$9,065$7,014
9 years$11,005$10,054$9,178$8,373$7,634$5,691
10 years$9,804$8,862$8,001$7,217$6,504$4,668
11 years$8,822$7,889$7,044$6,281$5,594$3,860
12 years$8,004$7,081$6,252$5,509$4,848$3,213
13 years$7,313$6,399$5,585$4,864$4,227$2,689
14 years$6,720$5,817$5,018$4,318$3,706$2,261
15 years$6,208$5,314$4,531$3,851$3,263$1,907
16 years$5,759$4,875$4,108$3,448$2,884$1,614
17 years$5,364$4,490$3,738$3,098$2,557$1,369
18 years$5,014$4,149$3,412$2,792$2,273$1,163
19 years$4,700$3,845$3,124$2,523$2,026$990
20 years$4,418$3,573$2,867$2,285$1,810$845
21 years$4,164$3,328$2,637$2,074$1,620$721
22 years$3,932$3,107$2,430$1,885$1,452$616
23 years$3,722$2,906$2,244$1,717$1,303$527
24 years$3,529$2,722$2,075$1,566$1,171$451
25 years$3,352$2,555$1,922$1,430$1,054$386
26 years$3,188$2,401$1,783$1,308$949$331
27 years$3,037$2,260$1,655$1,197$856$284
28 years$2,897$2,129$1,539$1,097$772$244
29 years$2,767$2,009$1,432$1,006$697$209
30 years$2,646$1,897$1,334$923$630$179
31 years$2,533$1,793$1,244$848$570$154
32 years$2,427$1,697$1,160$779$515$132
33 years$2,328$1,607$1,083$716$466$114
34 years$2,235$1,523$1,012$659$422$98
35 years$2,147$1,445$946$607$382$84
36 years$2,065$1,371$885$559$347$72
37 years$1,987$1,302$829$515$314$62
38 years$1,913$1,238$776$475$285$53
39 years$1,843$1,177$727$438$258$46
40 years$1,777$1,120$681$404$234$39
41 years$1,715$1,066$639$372$212$34
42 years$1,655$1,015$599$344$193$29
43 years$1,598$967$562$317$175$25
44 years$1,545$922$528$293$159$21
45 years$1,493$879$496$271$144$18
46 years$1,444$839$466$250$131$16
47 years$1,398$800$437$231$119$14
48 years$1,353$764$411$213$108$12
49 years$1,310$730$386$197$98$10
50 years$1,269$697$363$182$89$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,300,000, adding $2,400 every year, while hoping to spend $57,973 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: 48/41/11 Blend
52$1,300,000$1,300,000$1,300,000$1,300,000
53$1,435,076$1,366,176$1,346,026$1,499,519
54$1,519,770$1,371,435$1,329,435$1,549,362
55$1,611,161$1,375,010$1,310,345$1,597,212
56$1,709,870$1,376,755$1,288,611$1,647,851
57$1,816,579$1,376,519$1,264,082$1,701,556
58$1,932,040$1,374,139$1,236,599$1,758,637
59$2,057,079$1,369,442$1,205,996$1,819,438
60$2,192,602$1,362,246$1,172,098$1,884,341
61$2,339,609$1,352,357$1,134,725$1,953,770
62$2,499,196$1,339,570$1,093,685$2,028,196
63$2,672,571$1,323,666$1,048,781$2,108,140
64$2,861,062$1,304,413$999,803$2,194,183
65$3,066,129$1,281,568$946,535$2,286,967
66$3,289,379$1,254,871$888,750$2,387,205
67$3,532,583$1,224,047$826,210$2,495,687
68$3,797,685$1,188,804$758,666$2,613,291
69$4,086,828$1,148,834$685,861$2,740,987
70$4,402,370$1,103,813$607,523$2,879,852
71$4,746,906$1,053,393$523,369$3,031,078
72$5,123,293$997,212$433,104$3,195,986
73$5,534,675$934,882$336,419$3,376,038
74$5,984,515$865,995$232,993$3,572,855
75$6,476,627$790,119$122,489$3,788,229
76$7,015,207$706,799$4,557$4,024,146
77$7,604,878$615,553$0$4,282,800
78$8,250,731$515,869$0$4,580,860
79$8,958,370$407,212$0$4,908,272
80$9,733,969$289,011$0$5,267,524
81$10,584,328$160,666$0$5,661,952
82$11,516,935$21,544$0$6,095,244
83$12,540,036$0$0$6,571,476
84$13,662,719$0$0$7,153,360
85$14,894,988$0$0$7,802,861
86$16,247,866$0$0$8,516,086
87$17,733,497$0$0$9,299,455
88$19,365,254$0$0$10,160,043
89$21,157,874$0$0$11,105,640
90$23,127,587$0$0$12,144,830
91$25,292,278$0$0$13,287,069
92$27,671,645$0$0$14,542,776
93$30,287,394$0$0$15,923,428
94$33,163,436$0$0$17,441,672
95$36,326,117$0$0$19,111,439
96$39,804,461$0$0$20,948,080
97$43,630,449$0$0$22,968,507
98$47,839,314$0$0$25,191,355
99$52,469,878$0$0$27,637,156
100$57,564,914$0$0$30,328,531