Can I retire at age 53 with 1,350,000?

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 $1,350,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$111,482$110,489$109,520$108,574$107,651$107,152
2 years$55,189$54,161$53,165$52,199$51,262$50,759
3 years$36,427$35,395$34,401$33,445$32,523$32,030
4 years$27,048$26,019$25,035$24,095$23,196$22,718
5 years$21,422$20,399$19,428$18,507$17,633$17,171
6 years$17,673$16,657$15,701$14,800$13,952$13,507
7 years$14,996$13,989$13,048$12,168$11,347$10,919
8 years$12,989$11,991$11,065$10,208$9,413$9,002
9 years$11,429$10,440$9,531$8,695$7,927$7,533
10 years$10,181$9,203$8,309$7,495$6,755$6,377
11 years$9,161$8,193$7,315$6,523$5,809$5,448
12 years$8,312$7,353$6,492$5,721$5,034$4,689
13 years$7,594$6,645$5,800$5,051$4,390$4,061
14 years$6,979$6,040$5,211$4,484$3,848$3,534
15 years$6,446$5,518$4,705$3,999$3,388$3,090
16 years$5,981$5,063$4,266$3,580$2,994$2,711
17 years$5,571$4,662$3,882$3,217$2,655$2,385
18 years$5,206$4,308$3,544$2,899$2,361$2,105
19 years$4,881$3,993$3,244$2,620$2,104$1,862
20 years$4,588$3,710$2,977$2,373$1,880$1,650
21 years$4,324$3,456$2,738$2,153$1,682$1,465
22 years$4,084$3,226$2,524$1,958$1,508$1,302
23 years$3,865$3,017$2,330$1,783$1,353$1,160
24 years$3,665$2,827$2,155$1,626$1,216$1,034
25 years$3,481$2,653$1,996$1,485$1,095$922
26 years$3,311$2,493$1,851$1,358$986$824
27 years$3,154$2,347$1,719$1,243$889$736
28 years$3,009$2,211$1,598$1,139$802$659
29 years$2,874$2,086$1,487$1,044$724$590
30 years$2,748$1,970$1,385$958$654$528
31 years$2,631$1,862$1,291$880$592$473
32 years$2,521$1,762$1,205$809$535$424
33 years$2,418$1,669$1,125$744$484$381
34 years$2,321$1,582$1,051$684$439$341
35 years$2,230$1,500$983$630$397$306
36 years$2,144$1,424$919$580$360$275
37 years$2,063$1,352$861$535$326$247
38 years$1,987$1,285$806$493$296$222
39 years$1,914$1,222$755$454$268$199
40 years$1,846$1,163$708$419$243$179
41 years$1,781$1,107$664$387$221$161
42 years$1,719$1,054$622$357$200$145
43 years$1,660$1,004$584$329$182$130
44 years$1,604$957$548$304$165$117
45 years$1,551$913$515$281$150$105
46 years$1,500$871$484$259$136$95
47 years$1,451$831$454$240$123$85
48 years$1,405$793$427$222$112$77
49 years$1,361$758$401$205$102$69
50 years$1,318$724$377$189$92$62

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,350,000, adding $3,238 every year, while hoping to spend $54,415 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: 61/25/14 Blend
52$1,350,000$1,350,000$1,350,000$1,350,000
53$1,491,040$1,419,490$1,398,565$1,576,662
54$1,585,229$1,431,148$1,387,520$1,646,285
55$1,687,201$1,441,553$1,374,281$1,715,790
56$1,797,694$1,450,587$1,358,717$1,790,331
57$1,917,516$1,458,123$1,340,692$1,870,400
58$2,047,558$1,464,027$1,320,061$1,956,539
59$2,188,801$1,468,156$1,296,674$2,049,347
60$2,342,320$1,470,357$1,270,374$2,149,486
61$2,509,301$1,470,469$1,240,996$2,257,687
62$2,691,049$1,468,321$1,208,368$2,374,757
63$2,888,997$1,463,730$1,172,310$2,501,585
64$3,104,725$1,456,503$1,132,633$2,639,157
65$3,339,971$1,446,436$1,089,140$2,788,557
66$3,596,646$1,433,309$1,041,624$2,950,985
67$3,876,857$1,416,894$989,871$3,127,764
68$4,182,919$1,396,945$933,655$3,320,356
69$4,517,384$1,373,202$872,739$3,530,373
70$4,883,061$1,345,393$806,880$3,759,595
71$5,283,041$1,313,225$735,818$4,009,989
72$5,720,729$1,276,391$659,286$4,283,723
73$6,199,874$1,234,565$577,003$4,583,192
74$6,724,604$1,187,402$488,676$4,911,038
75$7,299,466$1,134,536$393,998$5,270,177
76$7,929,465$1,075,582$292,651$5,663,828
77$8,620,116$1,010,132$184,300$6,095,541
78$9,377,492$937,752$68,598$6,569,236
79$10,208,281$857,987$0$7,089,238
80$11,119,850$770,353$0$7,668,513
81$12,120,315$674,340$0$8,315,599
82$13,218,614$569,409$0$9,026,103
83$14,424,593$454,990$0$9,806,495
84$15,749,099$330,482$0$10,663,908
85$17,204,080$195,249$0$11,606,207
86$18,802,699$48,619$0$12,642,065
87$20,559,457$0$0$13,781,042
88$22,490,329$0$0$15,063,975
89$24,612,915$0$0$16,489,104
90$26,946,605$0$0$18,056,087
91$29,512,762$0$0$19,779,282
92$32,334,921$0$0$21,674,511
93$35,439,013$0$0$23,759,201
94$38,853,610$0$0$26,052,558
95$42,610,190$0$0$28,575,739
96$46,743,436$0$0$31,352,058
97$51,291,565$0$0$34,407,202
98$56,296,681$0$0$37,769,473
99$61,805,182$0$0$41,470,057
100$67,868,185$0$0$45,543,316