Can I retire at age 53 with 1,050,000?

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 $1,050,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$86,708$85,936$85,182$84,447$83,728$80,951
2 years$42,925$42,125$41,351$40,599$39,871$37,099
3 years$28,332$27,529$26,757$26,012$25,296$22,618
4 years$21,037$20,237$19,472$18,740$18,041$15,477
5 years$16,662$15,866$15,111$14,394$13,715$11,271
6 years$13,745$12,956$12,212$11,511$10,852$8,530
7 years$11,663$10,880$10,148$9,464$8,825$6,626
8 years$10,102$9,326$8,606$7,939$7,322$5,243
9 years$8,889$8,120$7,413$6,762$6,166$4,205
10 years$7,919$7,158$6,463$5,829$5,254$3,408
11 years$7,125$6,372$5,690$5,073$4,518$2,784
12 years$6,465$5,719$5,049$4,450$3,915$2,289
13 years$5,906$5,168$4,511$3,929$3,414$1,891
14 years$5,428$4,698$4,053$3,487$2,993$1,569
15 years$5,014$4,292$3,660$3,110$2,635$1,306
16 years$4,652$3,938$3,318$2,785$2,329$1,090
17 years$4,333$3,626$3,019$2,502$2,065$912
18 years$4,049$3,351$2,756$2,255$1,836$764
19 years$3,796$3,106$2,523$2,037$1,637$641
20 years$3,569$2,886$2,316$1,845$1,462$539
21 years$3,363$2,688$2,130$1,675$1,308$453
22 years$3,176$2,509$1,963$1,523$1,173$382
23 years$3,006$2,347$1,813$1,387$1,053$322
24 years$2,850$2,199$1,676$1,265$946$271
25 years$2,707$2,063$1,553$1,155$851$229
26 years$2,575$1,939$1,440$1,056$767$193
27 years$2,453$1,825$1,337$967$691$163
28 years$2,340$1,720$1,243$886$624$138
29 years$2,235$1,622$1,157$812$563$116
30 years$2,137$1,532$1,077$745$509$98
31 years$2,046$1,448$1,004$685$460$83
32 years$1,961$1,371$937$629$416$70
33 years$1,880$1,298$875$579$377$59
34 years$1,805$1,230$818$532$341$50
35 years$1,734$1,167$764$490$309$42
36 years$1,668$1,107$715$451$280$36
37 years$1,605$1,052$669$416$254$30
38 years$1,545$1,000$627$383$230$26
39 years$1,489$951$587$353$209$22
40 years$1,436$904$550$326$189$18
41 years$1,385$861$516$301$172$16
42 years$1,337$820$484$278$156$13
43 years$1,291$781$454$256$141$11
44 years$1,248$745$426$237$128$9
45 years$1,206$710$400$218$116$8
46 years$1,167$677$376$202$106$7
47 years$1,129$646$353$186$96$6
48 years$1,093$617$332$172$87$5
49 years$1,058$589$312$159$79$4
50 years$1,025$563$293$147$72$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,050,000, adding $4,325 every year, while hoping to spend $31,811 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: 65/28/7 Blend
52$1,050,000$1,050,000$1,050,000$1,050,000
53$1,161,561$1,105,911$1,089,636$1,235,317
54$1,246,194$1,126,254$1,092,292$1,305,262
55$1,338,393$1,146,528$1,093,971$1,377,468
56$1,438,896$1,166,695$1,094,607$1,455,519
57$1,548,517$1,186,716$1,094,129$1,539,979
58$1,668,148$1,206,548$1,092,465$1,631,472
59$1,798,775$1,226,145$1,089,539$1,730,684
60$1,941,481$1,245,457$1,085,269$1,838,370
61$2,097,459$1,264,431$1,079,573$1,955,364
62$2,268,022$1,283,010$1,072,360$2,082,583
63$2,454,616$1,301,133$1,063,540$2,221,037
64$2,658,833$1,318,735$1,053,015$2,371,842
65$2,882,426$1,335,745$1,040,683$2,536,226
66$3,127,326$1,352,089$1,026,438$2,715,542
67$3,395,659$1,367,687$1,010,170$2,911,280
68$3,689,766$1,382,454$991,761$3,125,087
69$4,012,227$1,396,299$971,089$3,358,771
70$4,365,880$1,409,124$948,027$3,614,332
71$4,753,856$1,420,827$922,441$3,893,969
72$5,179,598$1,431,296$894,192$4,200,108
73$5,646,903$1,440,415$863,133$4,535,424
74$6,159,950$1,448,059$829,112$4,902,862
75$6,723,347$1,454,096$791,969$5,305,672
76$7,342,164$1,458,383$751,536$5,747,434
77$8,021,992$1,460,771$707,639$6,232,094
78$8,768,987$1,461,100$660,097$6,764,002
79$9,589,930$1,459,200$608,717$7,347,954
80$10,492,295$1,454,893$553,301$7,989,235
81$11,484,313$1,447,987$493,640$8,693,669
82$12,575,054$1,438,279$429,518$9,467,679
83$13,774,509$1,425,554$360,706$10,318,343
84$15,093,688$1,409,586$286,969$11,253,462
85$16,544,720$1,390,131$208,059$12,281,636
86$18,140,969$1,366,935$123,716$13,412,343
87$19,897,159$1,339,726$33,671$14,656,033
88$21,829,513$1,308,216$0$16,024,220
89$23,955,907$1,272,102$0$17,534,262
90$26,296,036$1,231,062$0$19,198,474
91$28,871,602$1,184,755$0$21,029,783
92$31,706,517$1,132,819$0$23,045,212
93$34,827,129$1,074,875$0$25,263,521
94$38,262,469$1,010,517$0$27,705,388
95$42,044,528$939,319$0$30,393,602
96$46,208,555$860,830$0$33,353,278
97$50,793,389$774,573$0$36,612,099
98$55,841,831$680,043$0$40,200,574
99$61,401,042$576,709$0$44,152,326
100$67,522,986$464,006$0$48,504,415