Can I retire at age 53 with 1,380,000?

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 $1,380,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$113,959$112,944$111,954$110,987$110,043$107,079
2 years$56,415$55,365$54,346$53,359$52,401$49,436
3 years$37,237$36,181$35,166$34,188$33,246$30,372
4 years$27,649$26,597$25,592$24,630$23,711$20,952
5 years$21,898$20,853$19,860$18,918$18,025$15,387
6 years$18,065$17,028$16,050$15,129$14,262$11,748
7 years$15,329$14,300$13,338$12,439$11,599$9,209
8 years$13,277$12,258$11,311$10,434$9,623$7,356
9 years$11,683$10,672$9,742$8,888$8,104$5,957
10 years$10,407$9,407$8,494$7,661$6,905$4,877
11 years$9,365$8,375$7,478$6,668$5,938$4,025
12 years$8,497$7,517$6,636$5,848$5,146$3,344
13 years$7,763$6,793$5,929$5,163$4,487$2,793
14 years$7,134$6,175$5,327$4,583$3,934$2,343
15 years$6,590$5,641$4,810$4,088$3,463$1,973
16 years$6,114$5,175$4,361$3,660$3,061$1,665
17 years$5,695$4,766$3,968$3,288$2,714$1,410
18 years$5,322$4,404$3,622$2,964$2,413$1,195
19 years$4,989$4,082$3,316$2,678$2,151$1,015
20 years$4,690$3,793$3,043$2,425$1,921$864
21 years$4,420$3,533$2,799$2,201$1,719$736
22 years$4,174$3,298$2,580$2,001$1,541$627
23 years$3,951$3,084$2,382$1,823$1,383$535
24 years$3,746$2,890$2,203$1,662$1,243$457
25 years$3,558$2,712$2,041$1,518$1,119$391
26 years$3,384$2,549$1,893$1,388$1,008$334
27 years$3,224$2,399$1,757$1,271$909$286
28 years$3,076$2,260$1,634$1,164$820$244
29 years$2,938$2,132$1,520$1,068$740$209
30 years$2,809$2,014$1,416$980$669$179
31 years$2,689$1,904$1,320$900$605$153
32 years$2,577$1,801$1,232$827$547$131
33 years$2,471$1,706$1,150$760$495$113
34 years$2,372$1,617$1,075$700$448$96
35 years$2,279$1,533$1,005$644$406$83
36 years$2,192$1,455$940$593$368$71
37 years$2,109$1,382$880$547$333$61
38 years$2,031$1,314$824$504$302$52
39 years$1,957$1,249$772$464$274$45
40 years$1,887$1,189$723$428$249$38
41 years$1,820$1,131$678$395$226$33
42 years$1,757$1,078$636$365$205$28
43 years$1,697$1,027$597$337$186$24
44 years$1,640$979$560$311$169$21
45 years$1,585$933$526$287$153$18
46 years$1,533$890$494$265$139$15
47 years$1,484$850$464$245$126$13
48 years$1,436$811$436$226$115$11
49 years$1,391$774$410$209$104$10
50 years$1,347$740$386$193$95$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,380,000, adding $6,651 every year, while hoping to spend $55,918 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: 45/43/12 Blend
52$1,380,000$1,380,000$1,380,000$1,380,000
53$1,527,621$1,454,481$1,433,091$1,590,864
54$1,623,941$1,466,254$1,421,603$1,647,226
55$1,728,213$1,476,730$1,407,856$1,702,088
56$1,841,187$1,485,786$1,391,716$1,760,333
57$1,963,691$1,493,292$1,373,040$1,822,293
58$2,096,632$1,499,108$1,351,683$1,888,340
59$2,241,013$1,503,088$1,327,488$1,958,883
60$2,397,931$1,505,075$1,300,294$2,034,378
61$2,568,598$1,504,902$1,269,931$2,115,328
62$2,754,344$1,502,391$1,236,223$2,202,292
63$2,956,635$1,497,356$1,198,984$2,295,889
64$3,177,081$1,489,596$1,158,020$2,396,804
65$3,417,458$1,478,900$1,113,128$2,505,796
66$3,679,717$1,465,044$1,064,096$2,623,706
67$3,966,007$1,447,791$1,010,702$2,751,466
68$4,278,694$1,426,887$952,715$2,890,106
69$4,620,382$1,402,065$889,892$3,040,767
70$4,993,937$1,373,043$821,980$3,204,711
71$5,402,518$1,339,521$748,715$3,383,338
72$5,849,598$1,301,180$669,820$3,578,191
73$6,339,004$1,257,686$585,007$3,790,983
74$6,874,952$1,208,682$493,974$4,023,606
75$7,462,082$1,153,792$396,407$4,278,151
76$8,105,505$1,092,618$291,977$4,556,934
77$8,810,848$1,024,739$180,340$4,862,514
78$9,584,312$949,709$61,139$5,197,719
79$10,432,725$867,057$0$5,565,677
80$11,363,606$776,285$0$5,978,304
81$12,385,239$676,869$0$6,439,866
82$13,506,749$568,251$0$6,946,799
83$14,738,186$449,844$0$7,503,822
84$16,090,624$321,029$0$8,116,147
85$17,576,258$181,150$0$8,789,526
86$19,208,525$29,515$0$9,530,309
87$21,002,227$0$0$10,345,508
88$22,973,671$0$0$11,306,552
89$25,140,823$0$0$12,378,531
90$27,523,476$0$0$13,557,291
91$30,143,435$0$0$14,853,643
92$33,024,726$0$0$16,279,499
93$36,193,818$0$0$17,847,982
94$39,679,875$0$0$19,573,551
95$43,515,031$0$0$21,472,138
96$47,734,688$0$0$23,561,297
97$52,377,856$0$0$25,860,368
98$57,487,515$0$0$28,390,663
99$63,111,023$0$0$31,175,663
100$69,300,563$0$0$34,241,241