Can I retire at age 53 with 1,580,000?

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 $1,580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$130,475$129,313$128,179$127,072$125,991$123,751
2 years$64,592$63,389$62,223$61,092$59,996$57,747
3 years$42,633$41,425$40,262$39,142$38,064$35,876
4 years$31,656$30,452$29,301$28,200$27,147$25,037
5 years$25,072$23,875$22,738$21,660$20,637$18,611
6 years$20,684$19,495$18,376$17,322$16,329$14,389
7 years$17,550$16,372$15,271$14,241$13,280$11,426
8 years$15,202$14,034$12,951$11,947$11,017$9,250
9 years$13,376$12,219$11,154$10,176$9,278$7,596
10 years$11,916$10,771$9,725$8,772$7,905$6,307
11 years$10,722$9,588$8,561$7,634$6,799$5,282
12 years$9,728$8,606$7,598$6,696$5,892$4,455
13 years$8,888$7,777$6,788$5,912$5,138$3,779
14 years$8,168$7,069$6,099$5,248$4,504$3,220
15 years$7,545$6,458$5,507$4,680$3,965$2,754
16 years$7,000$5,925$4,993$4,190$3,505$2,364
17 years$6,520$5,457$4,543$3,765$3,107$2,034
18 years$6,093$5,042$4,147$3,393$2,763$1,754
19 years$5,712$4,673$3,797$3,066$2,463$1,516
20 years$5,370$4,343$3,484$2,777$2,200$1,312
21 years$5,060$4,045$3,205$2,520$1,969$1,138
22 years$4,779$3,776$2,954$2,291$1,765$987
23 years$4,523$3,531$2,727$2,087$1,584$858
24 years$4,289$3,309$2,522$1,903$1,424$746
25 years$4,073$3,105$2,336$1,738$1,281$649
26 years$3,875$2,918$2,167$1,589$1,154$565
27 years$3,692$2,746$2,012$1,455$1,040$493
28 years$3,521$2,588$1,870$1,333$939$430
29 years$3,363$2,441$1,741$1,222$848$375
30 years$3,216$2,306$1,621$1,122$766$327
31 years$3,079$2,180$1,512$1,030$692$285
32 years$2,950$2,062$1,410$947$626$249
33 years$2,830$1,953$1,317$871$567$218
34 years$2,716$1,851$1,230$801$513$190
35 years$2,610$1,756$1,150$737$465$166
36 years$2,509$1,666$1,076$679$421$145
37 years$2,415$1,583$1,007$626$382$127
38 years$2,325$1,504$943$577$346$111
39 years$2,240$1,430$884$532$314$97
40 years$2,160$1,361$828$491$285$85
41 years$2,084$1,295$777$453$258$74
42 years$2,012$1,234$728$418$234$65
43 years$1,943$1,175$684$386$213$57
44 years$1,877$1,120$642$356$193$50
45 years$1,815$1,068$603$329$175$43
46 years$1,755$1,019$566$304$159$38
47 years$1,699$973$532$281$144$33
48 years$1,644$929$500$259$131$29
49 years$1,592$887$470$240$119$25
50 years$1,543$847$441$221$108$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,580,000, adding $6,331 every year, while hoping to spend $47,507 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: 76/9/15 Blend
52$1,580,000$1,580,000$1,580,000$1,580,000
53$1,747,690$1,663,950$1,639,460$1,874,409
54$1,875,408$1,694,937$1,643,835$1,989,941
55$2,014,560$1,725,850$1,646,764$2,109,995
56$2,166,263$1,756,634$1,648,149$2,240,314
57$2,331,747$1,787,234$1,647,887$2,381,905
58$2,512,361$1,817,585$1,645,867$2,535,878
59$2,709,596$1,847,621$1,641,978$2,703,455
60$2,925,090$1,877,269$1,636,099$2,885,985
61$3,160,646$1,906,452$1,628,106$3,084,951
62$3,418,251$1,935,087$1,617,866$3,301,988
63$3,700,090$1,963,084$1,605,242$3,538,898
64$4,008,573$1,990,348$1,590,091$3,797,666
65$4,346,349$2,016,777$1,572,261$4,080,480
66$4,716,339$2,042,262$1,551,594$4,389,751
67$5,121,758$2,066,685$1,527,925$4,728,135
68$5,566,147$2,089,922$1,501,080$5,098,559
69$6,053,405$2,111,839$1,470,877$5,504,248
70$6,587,828$2,132,296$1,437,127$5,948,758
71$7,174,147$2,151,139$1,399,632$6,436,006
72$7,817,573$2,168,208$1,358,183$6,970,308
73$8,523,846$2,183,330$1,312,562$7,556,423
74$9,299,289$2,196,324$1,262,543$8,199,594
75$10,150,866$2,206,993$1,207,888$8,905,599
76$11,086,250$2,215,131$1,148,348$9,680,805
77$12,113,893$2,220,518$1,083,663$10,532,231
78$13,243,106$2,222,920$1,013,562$11,467,612
79$14,484,147$2,222,087$937,760$12,495,470
80$15,848,317$2,217,756$855,963$13,625,201
81$17,348,066$2,209,647$767,858$14,867,157
82$18,997,111$2,197,462$673,124$16,232,749
83$20,810,565$2,180,886$571,421$17,734,550
84$22,805,076$2,159,583$462,398$19,386,421
85$24,998,991$2,133,199$345,685$21,203,635
86$27,412,520$2,101,358$220,897$23,203,025
87$30,067,934$2,063,662$87,634$25,403,143
88$32,989,769$2,019,687$0$27,824,434
89$36,205,061$1,968,987$0$30,498,167
90$39,743,598$1,911,088$0$33,455,975
91$43,638,203$1,845,490$0$36,711,261
92$47,925,041$1,771,660$0$40,294,262
93$52,643,963$1,689,040$0$44,238,301
94$57,838,878$1,597,033$0$48,580,096
95$63,558,169$1,495,013$0$53,360,110
96$69,855,149$1,382,315$0$58,622,931
97$76,788,563$1,258,238$0$64,417,691
98$84,423,144$1,122,039$0$70,798,535
99$92,830,219$972,934$0$77,825,128
100$102,088,388$810,094$0$85,563,218