Can I retire at age 53 with 1,570,000?

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 $1,570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$129,649$128,494$127,368$126,268$125,194$123,835
2 years$64,183$62,987$61,829$60,706$59,616$58,248
3 years$42,363$41,163$40,007$38,895$37,823$36,488
4 years$31,456$30,259$29,115$28,021$26,976$25,684
5 years$24,913$23,724$22,595$21,523$20,506$19,262
6 years$20,553$19,372$18,260$17,212$16,226$15,030
7 years$17,439$16,269$15,174$14,151$13,196$12,050
8 years$15,105$13,945$12,869$11,871$10,947$9,850
9 years$13,291$12,142$11,084$10,111$9,219$8,171
10 years$11,840$10,702$9,663$8,716$7,855$6,855
11 years$10,654$9,528$8,507$7,586$6,756$5,802
12 years$9,667$8,552$7,550$6,654$5,854$4,947
13 years$8,831$7,728$6,745$5,874$5,105$4,243
14 years$8,116$7,025$6,061$5,214$4,475$3,657
15 years$7,497$6,417$5,472$4,650$3,940$3,165
16 years$6,956$5,888$4,961$4,164$3,482$2,748
17 years$6,479$5,422$4,515$3,741$3,088$2,394
18 years$6,055$5,010$4,121$3,372$2,746$2,090
19 years$5,676$4,644$3,773$3,047$2,447$1,829
20 years$5,336$4,315$3,462$2,759$2,186$1,603
21 years$5,028$4,019$3,185$2,504$1,956$1,407
22 years$4,749$3,752$2,935$2,277$1,753$1,237
23 years$4,495$3,509$2,710$2,074$1,574$1,089
24 years$4,262$3,288$2,506$1,891$1,415$960
25 years$4,048$3,085$2,321$1,727$1,273$847
26 years$3,850$2,900$2,153$1,579$1,147$747
27 years$3,668$2,729$1,999$1,446$1,034$660
28 years$3,499$2,572$1,859$1,324$933$584
29 years$3,342$2,426$1,730$1,215$842$516
30 years$3,196$2,291$1,611$1,115$761$457
31 years$3,059$2,166$1,502$1,024$688$404
32 years$2,931$2,049$1,401$941$622$358
33 years$2,812$1,941$1,308$865$563$317
34 years$2,699$1,839$1,223$796$510$281
35 years$2,593$1,745$1,143$733$462$249
36 years$2,494$1,656$1,069$675$419$221
37 years$2,399$1,573$1,001$622$379$196
38 years$2,310$1,495$937$573$344$174
39 years$2,226$1,421$878$528$312$154
40 years$2,146$1,352$823$487$283$137
41 years$2,071$1,287$772$450$257$121
42 years$1,999$1,226$724$415$233$108
43 years$1,930$1,168$679$383$211$95
44 years$1,865$1,113$638$354$192$85
45 years$1,803$1,062$599$327$174$75
46 years$1,744$1,013$562$302$158$67
47 years$1,688$967$528$279$144$59
48 years$1,634$923$496$258$130$53
49 years$1,582$881$467$238$118$47
50 years$1,533$842$439$220$108$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,570,000, adding $4,065 every year, while hoping to spend $54,384 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: 80/11/9 Blend
52$1,570,000$1,570,000$1,570,000$1,570,000
53$1,734,333$1,651,123$1,626,788$1,870,449
54$1,853,371$1,674,164$1,623,421$1,983,324
55$1,982,728$1,696,511$1,618,119$2,099,615
56$2,123,399$1,718,073$1,610,759$2,225,603
57$2,276,479$1,738,752$1,601,213$2,362,232
58$2,443,173$1,758,444$1,589,347$2,510,538
59$2,624,807$1,777,038$1,575,020$2,671,664
60$2,822,838$1,794,414$1,558,084$2,846,870
61$3,038,874$1,810,446$1,538,386$3,037,542
62$3,274,680$1,824,999$1,515,763$3,245,208
63$3,532,202$1,837,929$1,490,046$3,471,550
64$3,813,582$1,849,083$1,461,058$3,718,422
65$4,121,178$1,858,298$1,428,613$3,987,867
66$4,457,584$1,865,401$1,392,518$4,282,136
67$4,825,659$1,870,207$1,352,569$4,603,708
68$5,228,550$1,872,521$1,308,554$4,955,315
69$5,669,722$1,872,134$1,260,250$5,339,968
70$6,152,992$1,868,827$1,207,426$5,760,984
71$6,682,561$1,862,363$1,149,839$6,222,020
72$7,263,057$1,852,494$1,087,234$6,727,102
73$7,899,580$1,838,957$1,019,347$7,280,670
74$8,597,741$1,821,470$945,899$7,887,615
75$9,363,726$1,799,737$866,602$8,553,329
76$10,204,345$1,773,444$781,152$9,283,751
77$11,127,101$1,742,256$689,234$10,085,429
78$12,140,259$1,705,819$590,517$10,965,577
79$13,252,922$1,663,761$484,655$11,932,146
80$14,475,119$1,615,684$371,290$12,993,899
81$15,817,897$1,561,168$250,044$14,160,491
82$17,293,427$1,499,771$120,526$15,442,566
83$18,915,118$1,431,021$0$16,851,852
84$20,697,741$1,354,422$0$18,402,974
85$22,657,570$1,269,448$0$20,120,940
86$24,812,535$1,175,543$0$22,009,906
87$27,182,388$1,072,119$0$24,087,220
88$29,788,894$958,555$0$26,371,996
89$32,656,031$834,195$0$28,885,299
90$35,810,220$698,344$0$31,650,339
91$39,280,568$550,269$0$34,692,696
92$43,099,151$389,197$0$38,040,555
93$47,301,305$214,308$0$41,724,976
94$51,925,970$24,741$0$45,780,187
95$57,016,048$0$0$50,243,908
96$62,618,813$0$0$55,179,542
97$68,786,355$0$0$60,616,053
98$75,576,070$0$0$66,601,047
99$83,051,201$0$0$73,190,277
100$91,281,436$0$0$80,445,181