Can I retire at age 53 with 1,500,000?

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 $1,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$123,869$122,765$121,689$120,638$119,612$117,631
2 years$61,321$60,179$59,072$57,999$56,958$54,968
3 years$40,475$39,328$38,224$37,161$36,137$34,199
4 years$30,053$28,910$27,817$26,772$25,773$23,903
5 years$23,802$22,666$21,587$20,564$19,592$17,796
6 years$19,636$18,508$17,446$16,445$15,503$13,781
7 years$16,662$15,543$14,497$13,520$12,608$10,962
8 years$14,432$13,323$12,295$11,342$10,459$8,889
9 years$12,698$11,600$10,590$9,661$8,808$7,313
10 years$11,312$10,225$9,232$8,328$7,505$6,083
11 years$10,179$9,103$8,128$7,247$6,455$5,104
12 years$9,236$8,170$7,213$6,357$5,593$4,313
13 years$8,438$7,384$6,445$5,612$4,878$3,666
14 years$7,754$6,711$5,791$4,982$4,276$3,130
15 years$7,163$6,131$5,228$4,443$3,765$2,683
16 years$6,646$5,625$4,740$3,978$3,327$2,307
17 years$6,190$5,181$4,313$3,574$2,950$1,990
18 years$5,785$4,787$3,937$3,221$2,623$1,720
19 years$5,423$4,437$3,605$2,911$2,338$1,490
20 years$5,098$4,123$3,308$2,636$2,088$1,292
21 years$4,804$3,840$3,043$2,393$1,869$1,123
22 years$4,537$3,585$2,804$2,175$1,675$977
23 years$4,294$3,353$2,589$1,981$1,504$851
24 years$4,072$3,141$2,395$1,807$1,352$741
25 years$3,867$2,948$2,218$1,650$1,216$647
26 years$3,679$2,770$2,057$1,509$1,096$565
27 years$3,505$2,607$1,910$1,381$988$493
28 years$3,343$2,457$1,776$1,265$891$431
29 years$3,193$2,318$1,652$1,160$805$377
30 years$3,053$2,189$1,539$1,065$727$330
31 years$2,923$2,069$1,435$978$657$288
32 years$2,801$1,958$1,339$899$595$253
33 years$2,686$1,854$1,250$827$538$221
34 years$2,579$1,757$1,168$761$487$194
35 years$2,478$1,667$1,092$700$441$170
36 years$2,382$1,582$1,022$645$400$149
37 years$2,292$1,503$956$594$362$130
38 years$2,207$1,428$895$548$329$114
39 years$2,127$1,358$839$505$298$100
40 years$2,051$1,292$786$466$270$88
41 years$1,978$1,230$737$430$245$77
42 years$1,910$1,171$692$397$222$67
43 years$1,844$1,116$649$366$202$59
44 years$1,782$1,064$609$338$183$52
45 years$1,723$1,014$572$312$166$45
46 years$1,666$968$537$288$151$40
47 years$1,613$923$505$266$137$35
48 years$1,561$882$474$246$125$31
49 years$1,512$842$446$227$113$27
50 years$1,465$804$419$210$103$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,500,000, adding $3,039 every year, while hoping to spend $38,808 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: 71/20/9 Blend
52$1,500,000$1,500,000$1,500,000$1,500,000
53$1,656,135$1,576,635$1,553,385$1,770,792
54$1,783,769$1,612,598$1,564,132$1,882,987
55$1,923,121$1,649,024$1,573,938$2,000,684
56$2,075,346$1,685,892$1,582,731$2,128,455
57$2,241,714$1,723,183$1,590,435$2,267,282
58$2,423,623$1,760,874$1,596,969$2,418,249
59$2,622,615$1,798,939$1,602,250$2,582,547
60$2,840,386$1,837,351$1,606,189$2,761,490
61$3,078,802$1,876,078$1,608,693$2,956,523
62$3,339,920$1,915,086$1,609,665$3,169,239
63$3,626,006$1,954,339$1,609,003$3,401,394
64$3,939,553$1,993,796$1,606,599$3,654,920
65$4,283,308$2,033,413$1,602,341$3,931,948
66$4,660,297$2,073,141$1,596,110$4,234,823
67$5,073,851$2,112,929$1,587,784$4,566,130
68$5,527,641$2,152,720$1,577,232$4,928,717
69$6,025,710$2,192,453$1,564,319$5,325,722
70$6,572,511$2,232,062$1,548,902$5,760,603
71$7,172,949$2,271,475$1,530,833$6,237,168
72$7,832,429$2,310,616$1,509,954$6,759,615
73$8,556,902$2,349,402$1,486,103$7,332,570
74$9,352,926$2,387,743$1,459,108$7,961,128
75$10,227,727$2,425,544$1,428,790$8,650,907
76$11,189,263$2,462,703$1,394,962$9,408,093
77$12,246,301$2,499,110$1,357,427$10,239,508
78$13,408,504$2,534,646$1,315,981$11,152,665
79$14,686,513$2,569,185$1,270,408$12,155,846
80$16,092,055$2,602,593$1,220,484$13,258,176
81$17,638,049$2,634,724$1,165,975$14,469,711
82$19,338,729$2,665,425$1,106,634$15,801,535
83$21,209,779$2,694,530$1,042,206$17,265,860
84$23,268,479$2,721,865$972,422$18,876,144
85$25,533,868$2,747,241$897,003$20,647,220
86$28,026,925$2,770,458$815,655$22,595,432
87$30,770,765$2,791,304$728,073$24,738,793
88$33,790,857$2,809,552$633,937$27,097,155
89$37,115,265$2,824,960$532,915$29,692,392
90$40,774,911$2,837,273$424,657$32,548,614
91$44,803,869$2,846,216$308,799$35,692,390
92$49,239,682$2,851,500$184,963$39,152,998
93$54,123,723$2,852,816$52,752$42,962,708
94$59,501,575$2,849,836$0$47,157,078
95$65,423,471$2,842,214$0$51,783,783
96$71,944,762$2,829,579$0$56,883,484
97$79,126,439$2,811,540$0$62,498,750
98$87,035,712$2,787,681$0$68,682,079
99$95,746,639$2,757,562$0$75,491,325
100$105,340,829$2,720,716$0$82,990,240