Can I retire at age 53 with 1,440,000?

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 $1,440,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$118,914$117,855$116,821$115,813$114,828$112,972
2 years$58,868$57,772$56,709$55,679$54,680$52,815
3 years$38,856$37,755$36,695$35,674$34,691$32,876
4 years$28,851$27,754$26,704$25,701$24,742$22,990
5 years$22,850$21,759$20,724$19,741$18,808$17,125
6 years$18,851$17,768$16,748$15,787$14,883$13,269
7 years$15,995$14,922$13,917$12,979$12,103$10,561
8 years$13,855$12,791$11,803$10,888$10,041$8,569
9 years$12,191$11,136$10,166$9,274$8,456$7,053
10 years$10,860$9,816$8,863$7,994$7,205$5,871
11 years$9,772$8,739$7,803$6,958$6,196$4,929
12 years$8,866$7,843$6,925$6,103$5,370$4,168
13 years$8,100$7,088$6,187$5,388$4,683$3,545
14 years$7,444$6,443$5,559$4,783$4,105$3,029
15 years$6,876$5,886$5,019$4,265$3,614$2,598
16 years$6,380$5,400$4,550$3,819$3,194$2,236
17 years$5,942$4,973$4,141$3,431$2,832$1,929
18 years$5,554$4,596$3,780$3,092$2,518$1,669
19 years$5,206$4,259$3,460$2,794$2,245$1,446
20 years$4,894$3,958$3,176$2,531$2,005$1,256
21 years$4,612$3,687$2,921$2,297$1,794$1,092
22 years$4,356$3,441$2,692$2,088$1,608$951
23 years$4,123$3,218$2,486$1,902$1,444$828
24 years$3,909$3,016$2,299$1,735$1,298$723
25 years$3,713$2,830$2,129$1,584$1,168$631
26 years$3,532$2,660$1,975$1,448$1,052$551
27 years$3,364$2,503$1,834$1,326$948$482
28 years$3,209$2,359$1,705$1,215$856$422
29 years$3,065$2,225$1,586$1,114$773$369
30 years$2,931$2,101$1,478$1,022$698$323
31 years$2,806$1,986$1,378$939$631$283
32 years$2,689$1,880$1,285$863$571$248
33 years$2,579$1,780$1,200$794$517$217
34 years$2,476$1,687$1,121$730$468$190
35 years$2,379$1,600$1,048$672$424$167
36 years$2,287$1,519$981$619$384$146
37 years$2,201$1,442$918$570$348$128
38 years$2,119$1,371$860$526$315$113
39 years$2,042$1,304$805$485$286$99
40 years$1,969$1,240$755$447$259$87
41 years$1,899$1,181$708$412$235$76
42 years$1,833$1,124$664$381$214$67
43 years$1,771$1,071$623$351$194$58
44 years$1,711$1,021$585$324$176$51
45 years$1,654$974$549$300$160$45
46 years$1,600$929$516$277$145$40
47 years$1,548$886$485$256$132$35
48 years$1,499$846$455$236$120$30
49 years$1,451$808$428$218$109$27
50 years$1,406$772$402$202$99$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,440,000, adding $6,108 every year, while hoping to spend $36,569 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: 60/22/18 Blend
52$1,440,000$1,440,000$1,440,000$1,440,000
53$1,593,180$1,516,860$1,494,540$1,681,010
54$1,716,776$1,552,277$1,505,698$1,776,507
55$1,851,752$1,588,204$1,516,004$1,876,057
56$1,999,232$1,624,627$1,525,392$1,983,822
57$2,160,450$1,661,531$1,533,789$2,100,600
58$2,336,768$1,698,898$1,541,123$2,227,274
59$2,529,683$1,736,708$1,547,315$2,364,815
60$2,740,843$1,774,940$1,552,283$2,514,293
61$2,972,066$1,813,568$1,555,941$2,676,888
62$3,225,351$1,852,567$1,558,199$2,853,899
63$3,502,899$1,891,906$1,558,962$3,046,757
64$3,807,138$1,931,552$1,558,130$3,257,041
65$4,140,738$1,971,470$1,555,599$3,486,489
66$4,506,640$2,011,620$1,551,259$3,737,017
67$4,908,087$2,051,958$1,544,995$4,010,736
68$5,348,647$2,092,439$1,536,688$4,309,974
69$5,832,252$2,133,012$1,526,210$4,637,296
70$6,363,233$2,173,621$1,513,429$4,995,527
71$6,946,361$2,214,207$1,498,208$5,387,783
72$7,586,892$2,254,704$1,480,399$5,817,497
73$8,290,615$2,295,045$1,459,852$6,288,453
74$9,063,908$2,335,152$1,436,408$6,804,821
75$9,913,798$2,374,946$1,409,899$7,371,198
76$10,848,026$2,414,339$1,380,151$7,992,651
77$11,875,120$2,453,237$1,346,982$8,674,761
78$13,004,477$2,491,541$1,310,200$9,423,684
79$14,246,448$2,529,141$1,269,606$10,246,202
80$15,612,439$2,565,922$1,224,991$11,149,791
81$17,115,016$2,601,760$1,176,137$12,142,692
82$18,768,024$2,636,523$1,122,814$13,233,984
83$20,586,718$2,670,068$1,064,784$14,433,679
84$22,587,906$2,702,244$1,001,797$15,752,808
85$24,790,107$2,732,889$933,592$17,203,530
86$27,213,728$2,761,830$859,897$18,799,248
87$29,881,251$2,788,883$780,426$20,554,731
88$32,817,451$2,813,850$694,883$22,486,261
89$36,049,625$2,836,523$602,956$24,611,780
90$39,607,852$2,856,678$504,320$26,951,065
91$43,525,275$2,874,077$398,636$29,525,912
92$47,838,414$2,888,467$285,551$32,360,344
93$52,587,510$2,899,580$164,695$35,480,839
94$57,816,905$2,907,129$35,682$38,916,577
95$63,575,461$2,910,810$0$42,699,722
96$69,917,019$2,910,300$0$46,885,310
97$76,900,906$2,905,257$0$51,501,405
98$84,592,500$2,895,315$0$56,584,290
99$93,063,838$2,880,089$0$62,181,507
100$102,394,304$2,859,168$0$68,345,448