Can I retire at age 53 with 1,510,000?

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 $1,510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$124,694$123,584$122,500$121,442$120,410$116,649
2 years$61,730$60,580$59,466$58,386$57,338$53,582
3 years$40,744$39,590$38,478$37,408$36,377$32,745
4 years$30,254$29,103$28,002$26,951$25,945$22,463
5 years$23,961$22,817$21,731$20,701$19,723$16,402
6 years$19,767$18,632$17,562$16,554$15,606$12,448
7 years$16,773$15,647$14,594$13,610$12,692$9,697
8 years$14,528$13,412$12,377$11,417$10,529$7,695
9 years$12,783$11,678$10,660$9,725$8,867$6,191
10 years$11,388$10,293$9,294$8,383$7,555$5,033
11 years$10,247$9,164$8,182$7,296$6,498$4,125
12 years$9,297$8,225$7,261$6,399$5,631$3,402
13 years$8,494$7,433$6,488$5,650$4,910$2,821
14 years$7,806$6,756$5,829$5,015$4,304$2,348
15 years$7,211$6,172$5,263$4,473$3,790$1,962
16 years$6,690$5,663$4,772$4,005$3,349$1,643
17 years$6,231$5,215$4,342$3,598$2,970$1,380
18 years$5,823$4,819$3,964$3,243$2,641$1,160
19 years$5,459$4,466$3,629$2,930$2,354$978
20 years$5,132$4,150$3,330$2,654$2,102$825
21 years$4,836$3,866$3,063$2,408$1,881$697
22 years$4,568$3,608$2,823$2,190$1,686$589
23 years$4,323$3,375$2,607$1,994$1,514$498
24 years$4,099$3,162$2,411$1,819$1,361$422
25 years$3,893$2,967$2,233$1,661$1,224$357
26 years$3,703$2,789$2,071$1,519$1,103$303
27 years$3,528$2,625$1,923$1,390$994$257
28 years$3,365$2,473$1,788$1,274$897$218
29 years$3,214$2,333$1,664$1,168$810$185
30 years$3,074$2,204$1,549$1,072$732$157
31 years$2,942$2,083$1,445$985$662$133
32 years$2,819$1,971$1,348$905$599$113
33 years$2,704$1,867$1,258$832$542$96
34 years$2,596$1,769$1,176$766$491$81
35 years$2,494$1,678$1,099$705$444$69
36 years$2,398$1,593$1,028$649$403$59
37 years$2,308$1,513$963$598$365$50
38 years$2,222$1,438$901$551$331$42
39 years$2,141$1,367$844$508$300$36
40 years$2,064$1,301$792$469$272$31
41 years$1,992$1,238$742$433$247$26
42 years$1,922$1,179$696$399$224$22
43 years$1,857$1,123$653$368$203$19
44 years$1,794$1,071$613$340$184$16
45 years$1,734$1,021$576$314$167$13
46 years$1,678$974$541$290$152$11
47 years$1,623$930$508$268$138$10
48 years$1,571$887$477$248$125$8
49 years$1,522$847$449$229$114$7
50 years$1,474$809$422$212$103$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,510,000, adding $5,338 every year, while hoping to spend $34,132 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: 61/23/16 Blend
52$1,510,000$1,510,000$1,510,000$1,510,000
53$1,669,526$1,589,496$1,566,091$1,764,321
54$1,803,502$1,631,065$1,582,239$1,870,380
55$1,949,999$1,673,527$1,597,784$1,981,763
56$2,110,258$1,716,890$1,612,670$2,102,510
57$2,285,647$1,761,160$1,626,837$2,233,530
58$2,477,671$1,806,344$1,640,223$2,375,825
59$2,687,985$1,852,447$1,652,762$2,530,502
60$2,918,416$1,899,474$1,664,386$2,698,776
61$3,170,973$1,947,426$1,675,022$2,881,986
62$3,447,869$1,996,307$1,684,592$3,081,610
63$3,751,543$2,046,117$1,693,017$3,299,271
64$4,084,679$2,096,855$1,700,211$3,536,763
65$4,450,235$2,148,520$1,706,087$3,796,056
66$4,851,468$2,201,107$1,710,551$4,079,326
67$5,291,968$2,254,611$1,713,504$4,388,967
68$5,775,686$2,309,025$1,714,844$4,727,618
69$6,306,978$2,364,339$1,714,464$5,098,185
70$6,890,640$2,420,542$1,712,248$5,503,871
71$7,531,957$2,477,620$1,708,080$5,948,207
72$8,236,750$2,535,557$1,701,834$6,435,082
73$9,011,433$2,594,333$1,693,380$6,968,779
74$9,863,071$2,653,928$1,682,580$7,554,022
75$10,799,448$2,714,315$1,669,291$8,196,014
76$11,829,143$2,775,467$1,653,363$8,900,489
77$12,961,603$2,837,352$1,634,637$9,673,764
78$14,207,239$2,899,935$1,612,951$10,522,803
79$15,577,522$2,963,176$1,588,129$11,455,278
80$17,085,090$3,027,033$1,559,992$12,479,645
81$18,743,868$3,091,456$1,528,350$13,605,222
82$20,569,198$3,156,393$1,493,006$14,842,277
83$22,577,986$3,221,786$1,453,751$16,202,125
84$24,788,858$3,287,571$1,410,369$17,697,237
85$27,222,338$3,353,678$1,362,633$19,341,356
86$29,901,041$3,420,034$1,310,307$21,149,627
87$32,849,886$3,486,554$1,253,141$23,138,739
88$36,096,330$3,553,150$1,190,876$25,327,086
89$39,670,627$3,619,726$1,123,242$27,734,938
90$43,606,115$3,686,177$1,049,955$30,384,633
91$47,939,530$3,752,391$970,719$33,300,789
92$52,711,349$3,818,244$885,225$36,510,537
93$57,966,175$3,883,608$793,149$40,043,774
94$63,753,160$3,948,339$694,154$43,933,451
95$70,126,462$4,012,287$587,888$48,215,880
96$77,145,760$4,075,289$473,982$52,931,080
97$84,876,819$4,137,169$352,051$58,123,151
98$93,392,105$4,197,741$221,695$63,840,698
99$102,771,472$4,256,802$82,494$70,137,280
100$113,102,916$4,314,139$0$77,071,928