Can I retire at age 53 with 1,460,000?

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 $1,460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$120,565$119,492$118,444$117,421$116,422$115,834
2 years$59,686$58,574$57,497$56,452$55,439$54,846
3 years$39,395$38,279$37,204$36,170$35,173$34,592
4 years$29,252$28,139$27,075$26,058$25,086$24,523
5 years$23,168$22,061$21,011$20,015$19,070$18,526
6 years$19,113$18,015$16,980$16,006$15,089$14,565
7 years$16,217$15,129$14,111$13,160$12,272$11,767
8 years$14,047$12,968$11,967$11,039$10,180$9,696
9 years$12,360$11,291$10,307$9,403$8,573$8,109
10 years$11,011$9,953$8,986$8,106$7,305$6,861
11 years$9,908$8,860$7,911$7,054$6,283$5,858
12 years$8,989$7,952$7,021$6,188$5,444$5,039
13 years$8,213$7,187$6,273$5,463$4,748$4,360
14 years$7,548$6,532$5,636$4,849$4,162$3,793
15 years$6,972$5,968$5,089$4,325$3,664$3,313
16 years$6,468$5,475$4,614$3,872$3,238$2,905
17 years$6,025$5,042$4,198$3,479$2,871$2,555
18 years$5,631$4,659$3,832$3,135$2,553$2,253
19 years$5,279$4,318$3,508$2,833$2,276$1,991
20 years$4,962$4,013$3,220$2,566$2,033$1,763
21 years$4,676$3,738$2,962$2,329$1,819$1,564
22 years$4,416$3,489$2,730$2,117$1,631$1,390
23 years$4,180$3,263$2,520$1,928$1,464$1,236
24 years$3,963$3,057$2,331$1,759$1,316$1,101
25 years$3,764$2,869$2,159$1,606$1,184$982
26 years$3,581$2,697$2,002$1,469$1,066$876
27 years$3,411$2,538$1,859$1,344$961$783
28 years$3,254$2,391$1,728$1,232$867$700
29 years$3,108$2,256$1,608$1,129$783$626
30 years$2,972$2,131$1,498$1,037$708$560
31 years$2,845$2,014$1,397$952$640$502
32 years$2,726$1,906$1,303$875$579$449
33 years$2,615$1,805$1,217$805$524$403
34 years$2,510$1,710$1,137$740$474$361
35 years$2,412$1,622$1,063$681$430$324
36 years$2,319$1,540$994$628$389$290
37 years$2,231$1,463$931$578$353$261
38 years$2,149$1,390$872$533$320$234
39 years$2,070$1,322$817$491$290$210
40 years$1,996$1,257$765$453$263$188
41 years$1,926$1,197$718$418$239$169
42 years$1,859$1,140$673$386$217$152
43 years$1,795$1,086$632$356$197$136
44 years$1,735$1,035$593$329$178$123
45 years$1,677$987$557$304$162$110
46 years$1,622$942$523$281$147$99
47 years$1,570$899$491$259$134$89
48 years$1,519$858$462$240$121$80
49 years$1,471$819$434$221$110$72
50 years$1,425$783$408$205$100$65

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,460,000, adding $5,642 every year, while hoping to spend $29,238 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: 67/20/13 Blend
52$1,460,000$1,460,000$1,460,000$1,460,000
53$1,614,740$1,537,360$1,514,730$1,717,796
54$1,748,334$1,581,581$1,534,364$1,831,397
55$1,894,575$1,626,990$1,553,676$1,951,575
56$2,054,722$1,673,613$1,572,625$2,082,228
57$2,230,162$1,721,477$1,591,165$2,224,381
58$2,422,420$1,770,612$1,609,252$2,379,160
59$2,633,180$1,821,045$1,626,834$2,547,807
60$2,864,293$1,872,804$1,643,862$2,731,688
61$3,117,799$1,925,920$1,660,279$2,932,309
62$3,395,945$1,980,420$1,676,029$3,151,326
63$3,701,206$2,036,336$1,691,051$3,390,565
64$4,036,308$2,093,695$1,705,280$3,652,037
65$4,404,254$2,152,529$1,718,650$3,937,957
66$4,808,353$2,212,868$1,731,089$4,250,763
67$5,252,248$2,274,741$1,742,524$4,593,143
68$5,739,953$2,338,180$1,752,875$4,968,056
69$6,275,892$2,403,214$1,762,060$5,378,764
70$6,864,936$2,469,875$1,769,992$5,828,859
71$7,512,453$2,538,193$1,776,580$6,322,298
72$8,224,357$2,608,197$1,781,729$6,863,441
73$9,007,162$2,679,920$1,785,338$7,457,091
74$9,868,047$2,753,390$1,787,301$8,108,540
75$10,814,920$2,828,639$1,787,508$8,823,619
76$11,856,495$2,905,695$1,785,842$9,608,753
77$13,002,371$2,984,588$1,782,181$10,471,019
78$14,263,127$3,065,347$1,776,399$11,418,217
79$15,650,417$3,148,000$1,768,359$12,458,940
80$17,177,083$3,232,575$1,757,923$13,602,656
81$18,857,274$3,319,100$1,744,942$14,859,798
82$20,706,581$3,407,601$1,729,262$16,241,863
83$22,742,182$3,498,103$1,710,722$17,761,517
84$24,983,005$3,590,631$1,689,152$19,432,719
85$27,449,908$3,685,208$1,664,375$21,270,851
86$30,165,871$3,781,856$1,636,204$23,292,858
87$33,156,219$3,880,596$1,604,446$25,517,419
88$36,448,856$3,981,448$1,568,898$27,965,112
89$40,074,529$4,084,428$1,529,345$30,658,615
90$44,067,119$4,189,553$1,485,566$33,622,916
91$48,463,960$4,296,836$1,437,328$36,885,554
92$53,306,192$4,406,289$1,384,386$40,476,872
93$58,639,147$4,517,921$1,326,487$44,430,310
94$64,512,779$4,631,738$1,263,363$48,782,716
95$70,982,133$4,747,744$1,194,736$53,574,696
96$78,107,867$4,865,939$1,120,316$58,850,997
97$85,956,820$4,986,321$1,039,797$64,660,929
98$94,602,648$5,108,883$952,862$71,058,829
99$104,126,514$5,233,614$859,180$78,104,580
100$114,617,859$5,360,501$758,402$85,864,166