Can I retire at age 53 with 1,310,000?

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 $1,310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$108,179$107,215$106,275$105,357$104,461$102,900
2 years$53,554$52,556$51,590$50,653$49,743$48,174
3 years$35,348$34,346$33,382$32,454$31,559$30,031
4 years$26,247$25,248$24,294$23,381$22,508$21,032
5 years$20,787$19,795$18,853$17,959$17,110$15,691
6 years$17,149$16,164$15,236$14,362$13,539$12,178
7 years$14,551$13,574$12,661$11,808$11,011$9,709
8 years$12,604$11,636$10,738$9,905$9,135$7,891
9 years$11,090$10,131$9,248$8,437$7,693$6,507
10 years$9,880$8,930$8,063$7,273$6,554$5,426
11 years$8,890$7,950$7,098$6,329$5,637$4,564
12 years$8,066$7,135$6,300$5,552$4,885$3,867
13 years$7,369$6,448$5,628$4,901$4,260$3,295
14 years$6,772$5,861$5,057$4,351$3,734$2,821
15 years$6,255$5,354$4,566$3,880$3,288$2,425
16 years$5,804$4,913$4,140$3,474$2,906$2,091
17 years$5,406$4,524$3,767$3,122$2,576$1,808
18 years$5,052$4,181$3,439$2,813$2,291$1,568
19 years$4,736$3,875$3,148$2,542$2,042$1,362
20 years$4,452$3,600$2,889$2,302$1,824$1,185
21 years$4,196$3,354$2,657$2,089$1,632$1,033
22 years$3,963$3,131$2,449$1,900$1,463$901
23 years$3,750$2,928$2,261$1,730$1,313$787
24 years$3,556$2,743$2,091$1,578$1,180$688
25 years$3,377$2,574$1,937$1,441$1,062$602
26 years$3,213$2,420$1,797$1,318$957$527
27 years$3,061$2,277$1,668$1,206$863$462
28 years$2,920$2,146$1,551$1,105$778$405
29 years$2,789$2,024$1,443$1,013$703$356
30 years$2,667$1,912$1,344$930$635$312
31 years$2,553$1,807$1,253$854$574$274
32 years$2,446$1,710$1,169$785$519$241
33 years$2,346$1,619$1,092$722$470$211
34 years$2,252$1,535$1,020$664$426$186
35 years$2,164$1,456$954$611$385$163
36 years$2,081$1,382$892$563$349$143
37 years$2,002$1,312$835$519$317$126
38 years$1,928$1,247$782$478$287$111
39 years$1,858$1,186$733$441$260$98
40 years$1,791$1,128$687$407$236$86
41 years$1,728$1,074$644$375$214$75
42 years$1,668$1,023$604$346$194$66
43 years$1,611$975$567$320$176$58
44 years$1,556$929$532$295$160$51
45 years$1,505$886$500$273$145$45
46 years$1,455$845$469$252$132$40
47 years$1,408$806$441$233$120$35
48 years$1,363$770$414$215$109$31
49 years$1,320$735$389$199$99$27
50 years$1,279$702$366$184$90$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,310,000, adding $6,323 every year, while hoping to spend $32,753 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: 43/39/18 Blend
52$1,310,000$1,310,000$1,310,000$1,310,000
53$1,450,142$1,380,712$1,360,407$1,504,654
54$1,563,208$1,413,518$1,371,132$1,576,502
55$1,686,708$1,446,834$1,381,118$1,650,587
56$1,821,673$1,480,650$1,390,307$1,730,164
57$1,969,237$1,514,955$1,398,635$1,815,753
58$2,130,648$1,549,736$1,406,037$1,907,928
59$2,307,279$1,584,978$1,412,445$2,007,323
60$2,500,645$1,620,666$1,417,786$2,114,633
61$2,712,412$1,656,780$1,421,983$2,230,628
62$2,944,416$1,693,299$1,424,957$2,356,153
63$3,198,677$1,730,202$1,426,623$2,492,141
64$3,477,421$1,767,461$1,426,895$2,639,621
65$3,783,101$1,805,049$1,425,678$2,799,725
66$4,118,416$1,842,935$1,422,877$2,973,702
67$4,486,340$1,881,084$1,418,389$3,162,929
68$4,890,149$1,919,460$1,412,108$3,368,923
69$5,333,453$1,958,022$1,403,922$3,593,357
70$5,820,226$1,996,726$1,393,713$3,838,075
71$6,354,846$2,035,522$1,381,360$4,105,108
72$6,942,138$2,074,360$1,366,733$4,396,699
73$7,587,415$2,113,183$1,349,698$4,715,315
74$8,296,531$2,151,929$1,330,113$5,063,682
75$9,075,936$2,190,533$1,307,830$5,444,800
76$9,932,735$2,228,922$1,282,696$5,861,977
77$10,874,755$2,267,021$1,254,548$6,318,863
78$11,910,622$2,304,746$1,223,217$6,819,479
79$13,049,836$2,342,010$1,188,525$7,368,257
80$14,302,866$2,378,715$1,150,288$7,970,086
81$15,681,247$2,414,760$1,108,311$8,630,353
82$17,197,686$2,450,036$1,062,391$9,354,997
83$18,866,186$2,484,424$1,012,318$10,150,566
84$20,702,175$2,517,798$957,868$11,024,278
85$22,722,652$2,550,025$898,811$11,984,091
86$24,946,345$2,580,959$834,904$13,038,776
87$27,393,894$2,610,448$765,896$14,198,002
88$30,088,039$2,638,327$691,520$15,472,430
89$33,053,834$2,664,421$611,502$16,873,809
90$36,318,891$2,688,543$525,553$18,415,092
91$39,913,631$2,710,495$433,372$20,110,559
92$43,871,576$2,730,064$334,644$21,975,949
93$48,229,664$2,747,024$229,042$24,028,613
94$53,028,598$2,761,136$116,223$26,287,675
95$58,313,227$2,772,144$0$28,774,218
96$64,132,973$2,779,777$0$31,512,282
97$70,542,296$2,783,745$0$34,550,554
98$77,601,203$2,783,741$0$37,894,999
99$85,375,822$2,779,441$0$41,576,818
100$93,939,020$2,770,498$0$45,630,397