Can I retire at age 53 with 1,550,000?

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 $1,550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$127,998$126,857$125,745$124,659$123,599$120,367
2 years$63,365$62,185$61,041$59,932$58,857$55,622
3 years$41,824$40,639$39,498$38,399$37,341$34,206
4 years$31,055$29,874$28,744$27,664$26,632$23,620
5 years$24,596$23,421$22,307$21,249$20,245$17,365
6 years$20,291$19,125$18,027$16,993$16,019$13,273
7 years$17,217$16,061$14,981$13,971$13,028$10,416
8 years$14,913$13,768$12,705$11,720$10,808$8,329
9 years$13,122$11,987$10,943$9,983$9,102$6,754
10 years$11,690$10,566$9,540$8,605$7,755$5,536
11 years$10,519$9,406$8,399$7,489$6,670$4,575
12 years$9,543$8,443$7,454$6,569$5,780$3,806
13 years$8,719$7,630$6,659$5,799$5,040$3,183
14 years$8,013$6,935$5,984$5,148$4,418$2,674
15 years$7,402$6,335$5,402$4,591$3,890$2,254
16 years$6,867$5,813$4,898$4,111$3,438$1,906
17 years$6,396$5,353$4,457$3,694$3,048$1,616
18 years$5,978$4,947$4,069$3,329$2,711$1,372
19 years$5,604$4,584$3,725$3,008$2,416$1,167
20 years$5,268$4,260$3,418$2,724$2,158$995
21 years$4,964$3,968$3,144$2,472$1,931$848
22 years$4,689$3,704$2,898$2,248$1,731$725
23 years$4,437$3,464$2,676$2,047$1,554$619
24 years$4,207$3,246$2,475$1,867$1,397$530
25 years$3,996$3,046$2,292$1,705$1,257$453
26 years$3,801$2,863$2,126$1,559$1,132$388
27 years$3,621$2,694$1,974$1,427$1,021$333
28 years$3,455$2,539$1,835$1,308$921$285
29 years$3,300$2,395$1,708$1,199$832$244
30 years$3,155$2,262$1,591$1,100$751$210
31 years$3,020$2,138$1,483$1,011$679$180
32 years$2,894$2,023$1,383$929$615$154
33 years$2,776$1,916$1,292$854$556$132
34 years$2,665$1,816$1,207$786$504$114
35 years$2,560$1,722$1,128$723$456$98
36 years$2,462$1,635$1,056$666$413$84
37 years$2,369$1,553$988$614$374$72
38 years$2,281$1,476$925$566$340$62
39 years$2,198$1,403$867$522$308$53
40 years$2,119$1,335$813$481$279$46
41 years$2,044$1,271$762$444$253$39
42 years$1,973$1,210$715$410$230$34
43 years$1,906$1,153$671$378$209$29
44 years$1,842$1,099$629$349$189$25
45 years$1,780$1,048$591$323$172$21
46 years$1,722$1,000$555$298$156$18
47 years$1,666$954$522$275$142$16
48 years$1,613$911$490$254$129$13
49 years$1,562$870$461$235$117$12
50 years$1,513$831$433$217$106$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,550,000, adding $2,071 every year, while hoping to spend $26,067 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: 41/34/25 Blend
52$1,550,000$1,550,000$1,550,000$1,550,000
53$1,710,236$1,628,086$1,604,061$1,767,699
54$1,856,945$1,680,127$1,630,062$1,861,261
55$2,017,745$1,733,845$1,656,061$1,959,848
56$2,194,045$1,789,293$1,682,029$2,066,050
57$2,387,398$1,846,529$1,707,937$2,180,581
58$2,599,514$1,905,611$1,733,755$2,304,226
59$2,832,277$1,966,598$1,759,448$2,437,849
60$3,087,762$2,029,554$1,784,982$2,582,402
61$3,368,254$2,094,542$1,810,319$2,738,929
62$3,676,271$2,161,630$1,835,419$2,908,582
63$4,014,585$2,230,884$1,860,241$3,092,628
64$4,386,253$2,302,378$1,884,739$3,292,461
65$4,794,639$2,376,183$1,908,866$3,509,615
66$5,243,452$2,452,376$1,932,573$3,745,780
67$5,736,776$2,531,034$1,955,806$4,002,815
68$6,279,112$2,612,240$1,978,511$4,282,770
69$6,875,418$2,696,075$2,000,627$4,587,898
70$7,531,155$2,782,628$2,022,093$4,920,683
71$8,252,343$2,871,987$2,042,843$5,283,857
72$9,045,612$2,964,244$2,062,808$5,680,434
73$9,918,267$3,059,494$2,081,915$6,113,728
74$10,878,358$3,157,838$2,100,087$6,587,392
75$11,934,754$3,259,375$2,117,243$7,105,449
76$13,097,227$3,364,212$2,133,298$7,672,329
77$14,376,544$3,472,458$2,148,163$8,292,912
78$15,784,567$3,584,225$2,161,743$8,972,576
79$17,334,370$3,699,629$2,173,939$9,717,243
80$19,040,357$3,818,791$2,184,646$10,533,435
81$20,918,396$3,941,836$2,193,755$11,428,340
82$22,985,978$4,068,891$2,201,151$12,409,876
83$25,262,371$4,200,089$2,206,713$13,486,766
84$27,768,808$4,335,569$2,210,313$14,668,618
85$30,528,687$4,475,472$2,211,819$15,966,022
86$33,567,788$4,619,946$2,211,090$17,390,641
87$36,914,521$4,769,142$2,207,980$18,955,328
88$40,600,189$4,923,217$2,202,334$20,674,243
89$44,659,288$5,082,333$2,193,992$22,562,987
90$49,129,828$5,246,660$2,182,783$24,638,752
91$54,053,694$5,416,371$2,168,531$26,920,479
92$59,477,043$5,591,645$2,151,048$29,429,036
93$65,450,734$5,772,668$2,130,141$32,187,421
94$72,030,813$5,959,633$2,105,605$35,220,972
95$79,279,040$6,152,739$2,077,227$38,557,608
96$87,263,470$6,352,191$2,044,782$42,228,095
97$96,059,098$6,558,202$2,008,036$46,266,332
98$105,748,564$6,770,993$1,966,743$50,709,674
99$116,422,936$6,990,790$1,920,648$55,599,280
100$128,182,567$7,217,830$1,869,481$60,980,508