Can I retire at age 53 with 1,480,000?

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 $1,480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$122,217$121,128$120,066$119,030$118,017$116,591
2 years$60,503$59,377$58,285$57,226$56,199$54,763
3 years$39,935$38,803$37,714$36,665$35,655$34,255
4 years$29,653$28,525$27,446$26,415$25,429$24,076
5 years$23,485$22,364$21,299$20,289$19,331$18,027
6 years$19,375$18,262$17,213$16,226$15,296$14,044
7 years$16,440$15,336$14,304$13,340$12,440$11,240
8 years$14,239$13,146$12,131$11,191$10,320$9,173
9 years$12,529$11,446$10,448$9,532$8,691$7,595
10 years$11,162$10,089$9,109$8,217$7,405$6,360
11 years$10,044$8,982$8,020$7,151$6,369$5,374
12 years$9,112$8,061$7,117$6,272$5,519$4,573
13 years$8,325$7,285$6,359$5,537$4,813$3,915
14 years$7,651$6,622$5,713$4,916$4,219$3,367
15 years$7,067$6,049$5,158$4,384$3,714$2,908
16 years$6,557$5,550$4,677$3,925$3,283$2,520
17 years$6,107$5,111$4,256$3,527$2,911$2,190
18 years$5,708$4,723$3,885$3,178$2,588$1,908
19 years$5,351$4,377$3,556$2,872$2,307$1,666
20 years$5,030$4,068$3,264$2,601$2,061$1,457
21 years$4,740$3,789$3,002$2,361$1,844$1,277
22 years$4,477$3,537$2,767$2,146$1,653$1,120
23 years$4,237$3,308$2,555$1,955$1,484$984
24 years$4,017$3,099$2,363$1,783$1,334$865
25 years$3,816$2,909$2,188$1,628$1,200$761
26 years$3,630$2,734$2,030$1,489$1,081$670
27 years$3,458$2,573$1,885$1,363$975$591
28 years$3,299$2,424$1,752$1,248$879$521
29 years$3,151$2,287$1,630$1,145$794$459
30 years$3,013$2,160$1,519$1,051$717$405
31 years$2,884$2,042$1,416$965$649$358
32 years$2,763$1,932$1,321$887$587$316
33 years$2,650$1,829$1,233$816$531$279
34 years$2,544$1,734$1,152$750$481$247
35 years$2,445$1,645$1,077$691$435$218
36 years$2,351$1,561$1,008$636$395$193
37 years$2,262$1,483$943$586$358$171
38 years$2,178$1,409$883$540$324$151
39 years$2,099$1,340$828$498$294$134
40 years$2,023$1,275$776$459$267$118
41 years$1,952$1,213$727$424$242$105
42 years$1,884$1,156$682$391$220$93
43 years$1,820$1,101$640$361$199$82
44 years$1,758$1,050$601$333$181$73
45 years$1,700$1,001$564$308$164$64
46 years$1,644$955$530$284$149$57
47 years$1,591$911$498$263$135$50
48 years$1,540$870$468$243$123$45
49 years$1,492$831$440$224$112$39
50 years$1,445$793$414$207$101$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,480,000, adding $4,776 every year, while hoping to spend $59,825 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: 26/48/26 Blend
52$1,480,000$1,480,000$1,480,000$1,480,000
53$1,635,886$1,557,446$1,534,506$1,664,967
54$1,739,094$1,570,108$1,522,259$1,701,652
55$1,850,823$1,581,385$1,507,596$1,735,520
56$1,971,880$1,591,146$1,490,374$1,770,614
57$2,103,152$1,599,252$1,470,442$1,807,077
58$2,245,612$1,605,555$1,447,641$1,845,071
59$2,400,334$1,609,897$1,421,806$1,884,779
60$2,568,496$1,612,110$1,392,765$1,926,409
61$2,751,396$1,612,016$1,360,335$1,970,194
62$2,950,460$1,609,426$1,324,328$2,016,397
63$3,167,259$1,604,140$1,284,545$2,065,313
64$3,403,521$1,595,944$1,240,779$2,117,275
65$3,661,147$1,584,612$1,192,812$2,172,656
66$3,942,230$1,569,905$1,140,418$2,231,874
67$4,249,076$1,551,568$1,083,359$2,295,397
68$4,584,218$1,529,332$1,021,389$2,363,750
69$4,950,450$1,502,911$954,247$2,437,519
70$5,350,845$1,472,002$881,663$2,517,361
71$5,788,787$1,436,286$803,354$2,604,007
72$6,268,001$1,395,422$719,025$2,698,275
73$6,792,591$1,349,052$628,367$2,801,078
74$7,367,076$1,296,796$531,057$2,913,431
75$7,996,429$1,238,250$426,758$3,036,467
76$8,686,130$1,172,990$315,120$3,171,448
77$9,442,214$1,100,565$195,776$3,319,778
78$10,271,327$1,020,499$68,341$3,483,018
79$11,180,788$932,290$0$3,662,906
80$12,178,661$835,404$0$3,880,139
81$13,273,825$729,281$0$4,139,547
82$14,476,065$613,324$0$4,424,654
83$15,796,154$486,908$0$4,738,230
84$17,245,964$349,369$0$5,083,341
85$18,838,570$200,006$0$5,463,379
86$20,588,378$38,080$0$5,882,100
87$22,511,257$0$0$6,343,656
88$24,624,690$0$0$6,925,102
89$26,947,937$0$0$7,586,653
90$29,502,219$0$0$8,314,270
91$32,310,914$0$0$9,114,648
92$35,399,779$0$0$9,995,162
93$38,797,192$0$0$10,963,941
94$42,534,421$0$0$12,029,936
95$46,645,914$0$0$13,203,015
96$51,169,629$0$0$14,494,047
97$56,147,386$0$0$15,915,011
98$61,625,265$0$0$17,479,105
99$67,654,040$0$0$19,200,870
100$74,289,655$0$0$21,096,330