Can I retire at age 53 with 1,390,000?

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 $1,390,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$114,785$113,762$112,765$111,791$110,841$107,207
2 years$56,824$55,766$54,740$53,746$52,781$49,155
3 years$37,507$36,444$35,421$34,435$33,487$29,981
4 years$27,850$26,790$25,777$24,809$23,883$20,526
5 years$22,057$21,004$20,004$19,056$18,155$14,956
6 years$18,196$17,151$16,166$15,239$14,366$11,326
7 years$15,440$14,403$13,434$12,529$11,683$8,803
8 years$13,374$12,346$11,393$10,510$9,692$6,969
9 years$11,767$10,750$9,813$8,952$8,162$5,593
10 years$10,483$9,475$8,555$7,717$6,955$4,535
11 years$9,433$8,435$7,532$6,716$5,981$3,708
12 years$8,558$7,571$6,684$5,891$5,183$3,050
13 years$7,819$6,842$5,972$5,201$4,520$2,522
14 years$7,186$6,219$5,366$4,617$3,962$2,094
15 years$6,637$5,681$4,845$4,117$3,489$1,744
16 years$6,158$5,213$4,392$3,687$3,083$1,457
17 years$5,736$4,801$3,997$3,312$2,734$1,219
18 years$5,361$4,436$3,649$2,985$2,431$1,023
19 years$5,025$4,111$3,340$2,697$2,167$859
20 years$4,724$3,820$3,065$2,443$1,935$722
21 years$4,452$3,559$2,820$2,217$1,732$608
22 years$4,205$3,322$2,599$2,016$1,552$513
23 years$3,979$3,107$2,399$1,836$1,393$432
24 years$3,773$2,911$2,219$1,674$1,252$365
25 years$3,584$2,732$2,055$1,529$1,127$308
26 years$3,409$2,567$1,906$1,398$1,015$260
27 years$3,248$2,416$1,770$1,280$915$220
28 years$3,098$2,277$1,646$1,173$826$186
29 years$2,959$2,148$1,531$1,075$746$157
30 years$2,829$2,028$1,426$987$674$133
31 years$2,709$1,918$1,330$906$609$112
32 years$2,595$1,814$1,241$833$551$95
33 years$2,489$1,718$1,158$766$499$80
34 years$2,390$1,628$1,082$705$452$68
35 years$2,296$1,545$1,012$649$409$58
36 years$2,208$1,466$947$597$371$49
37 years$2,124$1,392$886$551$336$41
38 years$2,046$1,323$830$507$304$35
39 years$1,971$1,258$777$468$276$30
40 years$1,900$1,197$729$432$250$25
41 years$1,833$1,140$683$398$227$21
42 years$1,770$1,085$641$367$206$18
43 years$1,709$1,034$601$339$187$15
44 years$1,652$986$565$313$170$13
45 years$1,597$940$530$289$154$11
46 years$1,544$897$498$267$140$9
47 years$1,494$856$468$247$127$8
48 years$1,447$817$440$228$115$7
49 years$1,401$780$413$211$105$6
50 years$1,357$745$388$195$95$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,390,000, adding $2,405 every year, while hoping to spend $32,867 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: 40/38/22 Blend
52$1,390,000$1,390,000$1,390,000$1,390,000
53$1,534,261$1,460,591$1,439,046$1,585,553
54$1,655,785$1,497,189$1,452,284$1,659,221
55$1,788,603$1,534,480$1,464,863$1,735,566
56$1,933,833$1,572,461$1,476,728$1,817,497
57$2,092,704$1,611,132$1,487,818$1,905,542
58$2,266,570$1,650,488$1,498,071$2,000,283
59$2,456,924$1,690,526$1,507,420$2,102,359
60$2,665,408$1,731,239$1,515,797$2,212,479
61$2,893,831$1,772,621$1,523,126$2,331,418
62$3,144,183$1,814,661$1,529,333$2,460,034
63$3,418,660$1,857,350$1,534,336$2,599,272
64$3,719,678$1,900,674$1,538,050$2,750,172
65$4,049,897$1,944,619$1,540,387$2,913,881
66$4,412,249$1,989,168$1,541,252$3,091,665
67$4,809,962$2,034,301$1,540,549$3,284,914
68$5,246,594$2,079,998$1,538,173$3,495,167
69$5,726,062$2,126,233$1,534,017$3,724,115
70$6,252,681$2,172,979$1,527,967$3,973,625
71$6,831,206$2,220,207$1,519,906$4,245,753
72$7,466,875$2,267,882$1,509,708$4,542,766
73$8,165,456$2,315,969$1,497,244$4,867,163
74$8,933,308$2,364,426$1,482,376$5,221,700
75$9,777,431$2,413,209$1,464,962$5,609,413
76$10,705,543$2,462,270$1,444,851$6,033,650
77$11,726,142$2,511,555$1,421,888$6,498,101
78$12,848,595$2,561,007$1,395,907$7,006,833
79$14,083,218$2,610,564$1,366,737$7,564,332
80$15,441,382$2,660,157$1,334,198$8,175,541
81$16,935,611$2,709,713$1,298,102$8,845,909
82$18,579,707$2,759,152$1,258,252$9,581,443
83$20,388,875$2,808,388$1,214,441$10,388,765
84$22,379,870$2,857,330$1,166,455$11,275,175
85$24,571,154$2,905,876$1,114,069$12,248,720
86$26,983,068$2,953,920$1,057,046$13,318,270
87$29,638,025$3,001,346$995,141$14,493,603
88$32,560,722$3,048,031$928,097$15,785,498
89$35,778,373$3,093,841$855,645$17,205,838
90$39,320,962$3,138,635$777,505$18,767,717
91$43,221,531$3,182,259$693,382$20,485,575
92$47,516,488$3,224,550$602,971$22,375,325
93$52,245,950$3,265,334$505,951$24,454,509
94$57,454,125$3,304,423$401,989$26,742,464
95$63,189,726$3,341,620$290,735$29,260,502
96$69,506,429$3,376,710$171,826$32,032,119
97$76,463,383$3,409,468$44,881$35,083,209
98$84,125,767$3,439,650$0$38,442,317
99$92,565,402$3,467,000$0$42,162,172
100$101,861,432$3,491,242$0$46,268,811