Can I retire at age 53 with 1,330,000?

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 $1,330,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$109,830$108,852$107,897$106,966$106,056$101,969
2 years$54,371$53,359$52,377$51,426$50,503$46,434
3 years$35,888$34,871$33,892$32,949$32,041$28,118
4 years$26,647$25,634$24,664$23,738$22,852$19,105
5 years$21,105$20,097$19,141$18,233$17,372$13,811
6 years$17,411$16,411$15,468$14,581$13,746$10,373
7 years$14,773$13,782$12,854$11,988$11,179$7,993
8 years$12,796$11,813$10,902$10,056$9,274$6,272
9 years$11,259$10,286$9,389$8,566$7,810$4,988
10 years$10,030$9,066$8,186$7,384$6,655$4,006
11 years$9,026$8,071$7,207$6,426$5,723$3,243
12 years$8,189$7,244$6,396$5,637$4,960$2,642
13 years$7,481$6,547$5,714$4,976$4,325$2,162
14 years$6,876$5,951$5,134$4,417$3,791$1,776
15 years$6,351$5,436$4,636$3,939$3,338$1,464
16 years$5,892$4,988$4,203$3,527$2,950$1,209
17 years$5,488$4,593$3,824$3,169$2,616$1,001
18 years$5,129$4,244$3,491$2,856$2,326$830
19 years$4,809$3,934$3,196$2,581$2,073$690
20 years$4,520$3,655$2,933$2,337$1,852$573
21 years$4,260$3,405$2,698$2,121$1,657$477
22 years$4,023$3,178$2,487$1,929$1,485$397
23 years$3,808$2,973$2,296$1,757$1,333$331
24 years$3,610$2,785$2,123$1,602$1,198$276
25 years$3,429$2,614$1,967$1,463$1,078$230
26 years$3,262$2,457$1,824$1,338$971$192
27 years$3,107$2,312$1,694$1,225$876$160
28 years$2,964$2,178$1,574$1,122$790$134
29 years$2,831$2,055$1,465$1,029$714$112
30 years$2,707$1,941$1,365$944$645$94
31 years$2,592$1,835$1,272$867$583$78
32 years$2,483$1,736$1,187$797$527$65
33 years$2,382$1,644$1,108$733$477$55
34 years$2,287$1,558$1,036$674$432$46
35 years$2,197$1,478$968$621$391$38
36 years$2,112$1,403$906$572$355$32
37 years$2,033$1,332$848$527$321$27
38 years$1,957$1,266$794$486$291$22
39 years$1,886$1,204$744$448$264$19
40 years$1,818$1,146$697$413$240$16
41 years$1,754$1,090$654$381$217$13
42 years$1,693$1,038$613$352$197$11
43 years$1,635$989$575$325$179$9
44 years$1,580$943$540$300$163$8
45 years$1,528$899$507$277$148$6
46 years$1,478$858$476$256$134$5
47 years$1,430$819$448$236$122$4
48 years$1,384$782$421$218$110$4
49 years$1,340$746$395$202$100$3
50 years$1,299$713$372$186$91$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,330,000, adding $2,792 every year, while hoping to spend $36,970 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: 47/38/15 Blend
52$1,330,000$1,330,000$1,330,000$1,330,000
53$1,468,540$1,398,050$1,377,435$1,531,237
54$1,578,995$1,427,219$1,384,243$1,604,151
55$1,699,478$1,456,577$1,390,041$1,679,244
56$1,830,972$1,486,097$1,394,754$1,759,939
57$1,974,559$1,515,744$1,398,307$1,846,772
58$2,131,433$1,545,484$1,400,619$1,940,334
59$2,302,905$1,575,279$1,401,606$2,041,277
60$2,490,421$1,605,087$1,401,178$2,150,318
61$2,695,570$1,634,863$1,399,245$2,268,249
62$2,920,106$1,664,558$1,395,706$2,395,944
63$3,165,956$1,694,121$1,390,462$2,534,364
64$3,435,244$1,723,494$1,383,403$2,684,571
65$3,730,310$1,752,616$1,374,419$2,847,735
66$4,053,731$1,781,423$1,363,390$3,025,145
67$4,408,342$1,809,843$1,350,194$3,218,224
68$4,797,269$1,837,802$1,334,702$3,428,542
69$5,223,954$1,865,218$1,316,779$3,657,826
70$5,692,188$1,892,004$1,296,281$3,907,984
71$6,206,147$1,918,068$1,273,062$4,181,119
72$6,770,430$1,943,310$1,246,966$4,479,551
73$7,390,105$1,967,622$1,217,830$4,805,835
74$8,070,752$1,990,893$1,185,484$5,162,791
75$8,818,522$2,013,000$1,149,751$5,553,528
76$9,640,188$2,033,813$1,110,444$5,981,475
77$10,543,212$2,053,195$1,067,369$6,450,411
78$11,535,816$2,070,998$1,020,322$6,964,505
79$12,627,057$2,087,065$969,091$7,528,351
80$13,826,915$2,101,229$913,453$8,147,019
81$15,146,382$2,113,311$853,176$8,826,094
82$16,597,573$2,123,123$788,017$9,571,739
83$18,193,832$2,130,463$717,723$10,390,745
84$19,949,864$2,135,117$642,027$11,290,603
85$21,881,869$2,136,857$560,655$12,279,569
86$24,007,699$2,135,441$473,315$13,366,749
87$26,347,020$2,130,613$379,707$14,562,180
88$28,921,503$2,122,101$279,514$15,876,930
89$31,755,027$2,109,615$172,409$17,323,199
90$34,873,902$2,092,848$58,047$18,914,439
91$38,307,118$2,071,475$0$20,665,480
92$42,086,618$2,045,152$0$22,602,915
93$46,247,601$2,013,512$0$24,745,107
94$50,828,850$1,976,168$0$27,102,686
95$55,873,103$1,932,710$0$29,697,626
96$61,427,450$1,882,704$0$32,554,143
97$67,543,783$1,825,689$0$35,698,928
98$74,279,280$1,761,179$0$39,161,404
99$81,696,947$1,688,657$0$42,973,997
100$89,866,213$1,607,579$0$47,172,450