Can I retire at age 53 with 1,590,000?

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 $1,590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$131,301$130,131$128,990$127,876$126,789$126,255
2 years$65,000$63,790$62,617$61,479$60,376$59,836
3 years$42,903$41,687$40,517$39,390$38,305$37,777
4 years$31,857$30,645$29,486$28,378$27,319$26,807
5 years$25,231$24,026$22,882$21,797$20,768$20,273
6 years$20,815$19,619$18,492$17,432$16,433$15,956
7 years$17,662$16,476$15,367$14,331$13,364$12,905
8 years$15,298$14,123$13,033$12,022$11,087$10,646
9 years$13,460$12,296$11,225$10,240$9,337$8,914
10 years$11,991$10,839$9,786$8,827$7,955$7,550
11 years$10,790$9,649$8,616$7,682$6,842$6,454
12 years$9,790$8,661$7,646$6,738$5,929$5,559
13 years$8,944$7,827$6,831$5,949$5,170$4,817
14 years$8,220$7,114$6,138$5,281$4,532$4,195
15 years$7,593$6,499$5,542$4,710$3,991$3,670
16 years$7,044$5,963$5,024$4,217$3,527$3,222
17 years$6,561$5,491$4,572$3,789$3,127$2,837
18 years$6,132$5,074$4,174$3,415$2,781$2,505
19 years$5,749$4,703$3,821$3,085$2,478$2,217
20 years$5,404$4,370$3,507$2,794$2,214$1,966
21 years$5,092$4,071$3,225$2,536$1,981$1,747
22 years$4,810$3,800$2,973$2,306$1,776$1,555
23 years$4,552$3,554$2,745$2,100$1,594$1,385
24 years$4,316$3,330$2,538$1,915$1,433$1,236
25 years$4,099$3,125$2,351$1,749$1,289$1,103
26 years$3,900$2,937$2,180$1,599$1,161$986
27 years$3,715$2,764$2,025$1,464$1,047$882
28 years$3,544$2,604$1,882$1,341$945$790
29 years$3,385$2,457$1,752$1,230$853$708
30 years$3,237$2,320$1,632$1,129$771$634
31 years$3,098$2,193$1,521$1,037$697$569
32 years$2,969$2,075$1,419$953$630$510
33 years$2,847$1,965$1,325$876$570$458
34 years$2,734$1,863$1,238$806$517$411
35 years$2,626$1,767$1,158$742$468$370
36 years$2,525$1,677$1,083$683$424$332
37 years$2,430$1,593$1,014$630$384$298
38 years$2,340$1,514$949$580$348$268
39 years$2,255$1,439$889$535$316$241
40 years$2,174$1,369$833$494$286$217
41 years$2,097$1,304$782$455$260$195
42 years$2,024$1,241$733$420$236$176
43 years$1,955$1,183$688$388$214$158
44 years$1,889$1,128$646$358$194$142
45 years$1,826$1,075$606$331$176$128
46 years$1,766$1,026$569$306$160$115
47 years$1,709$979$535$282$145$104
48 years$1,655$934$503$261$132$93
49 years$1,602$892$473$241$120$84
50 years$1,552$852$444$223$109$76

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,590,000, adding $2,447 every year, while hoping to spend $35,332 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: 41/31/28 Blend
52$1,590,000$1,590,000$1,590,000$1,590,000
53$1,754,704$1,670,434$1,645,789$1,812,110
54$1,896,091$1,714,692$1,663,330$1,898,123
55$2,050,715$1,759,935$1,680,274$1,987,680
56$2,219,889$1,806,173$1,696,565$2,083,947
57$2,405,059$1,853,417$1,712,141$2,187,565
58$2,607,817$1,901,676$1,726,940$2,299,237
59$2,829,916$1,950,960$1,740,894$2,419,739
60$3,073,286$2,001,275$1,753,932$2,549,926
61$3,340,053$2,052,630$1,765,981$2,690,738
62$3,632,559$2,105,029$1,776,962$2,843,213
63$3,953,383$2,158,479$1,786,793$3,008,495
64$4,305,366$2,212,982$1,795,388$3,187,842
65$4,691,636$2,268,541$1,802,656$3,382,645
66$5,115,640$2,325,156$1,808,502$3,594,431
67$5,581,174$2,382,828$1,812,826$3,824,889
68$6,092,421$2,441,554$1,815,523$4,075,875
69$6,653,986$2,501,329$1,816,482$4,349,439
70$7,270,946$2,562,147$1,815,587$4,647,837
71$7,948,891$2,624,000$1,812,718$4,973,559
72$8,693,980$2,686,878$1,807,745$5,329,347
73$9,512,998$2,750,768$1,800,537$5,718,223
74$10,413,421$2,815,653$1,790,953$6,143,521
75$11,403,486$2,881,516$1,778,846$6,608,913
76$12,492,266$2,948,334$1,764,062$7,118,447
77$13,689,759$3,016,084$1,746,439$7,676,585
78$15,006,980$3,084,738$1,725,810$8,288,248
79$16,456,064$3,154,262$1,701,997$8,958,857
80$18,050,384$3,224,622$1,674,815$9,694,387
81$19,804,671$3,295,777$1,644,070$10,501,428
82$21,735,161$3,367,683$1,609,559$11,387,239
83$23,859,738$3,440,291$1,571,071$12,359,827
84$26,198,112$3,513,545$1,528,382$13,428,012
85$28,771,997$3,587,386$1,481,260$14,601,520
86$31,605,321$3,661,749$1,429,462$15,891,071
87$34,724,449$3,736,560$1,372,735$17,308,480
88$38,158,433$3,811,742$1,310,812$18,866,770
89$41,939,284$3,887,208$1,243,415$20,580,298
90$46,102,276$3,962,866$1,170,255$22,464,886
91$50,686,276$4,038,615$1,091,026$24,537,974
92$55,734,114$4,114,345$1,005,413$26,818,788
93$61,292,983$4,189,937$913,084$29,328,515
94$67,414,888$4,265,264$813,693$32,090,512
95$74,157,132$4,340,188$706,877$35,130,518
96$81,582,862$4,414,559$592,260$38,476,909
97$89,761,660$4,488,219$469,447$42,160,957
98$98,770,202$4,560,994$338,026$46,217,129
99$108,692,980$4,632,700$197,567$50,683,419
100$119,623,100$4,703,139$47,622$55,601,698