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%15.9%
1 years$86,708$85,936$85,182$84,447$83,728$81,704
2 years$42,925$42,125$41,351$40,599$39,871$37,844
3 years$28,332$27,529$26,757$26,012$25,296$23,329
4 years$21,037$20,237$19,472$18,740$18,041$16,150
5 years$16,662$15,866$15,111$14,394$13,715$11,904
6 years$13,745$12,956$12,212$11,511$10,852$9,124
7 years$11,663$10,880$10,148$9,464$8,825$7,180
8 years$10,102$9,326$8,606$7,939$7,322$5,759
9 years$8,889$8,120$7,413$6,762$6,166$4,684
10 years$7,919$7,158$6,463$5,829$5,254$3,851
11 years$7,125$6,372$5,690$5,073$4,518$3,193
12 years$6,465$5,719$5,049$4,450$3,915$2,665
13 years$5,906$5,168$4,511$3,929$3,414$2,236
14 years$5,428$4,698$4,053$3,487$2,993$1,885
15 years$5,014$4,292$3,660$3,110$2,635$1,595
16 years$4,652$3,938$3,318$2,785$2,329$1,353
17 years$4,333$3,626$3,019$2,502$2,065$1,151
18 years$4,049$3,351$2,756$2,255$1,836$981
19 years$3,796$3,106$2,523$2,037$1,637$838
20 years$3,569$2,886$2,316$1,845$1,462$717
21 years$3,363$2,688$2,130$1,675$1,308$614
22 years$3,176$2,509$1,963$1,523$1,173$526
23 years$3,006$2,347$1,813$1,387$1,053$451
24 years$2,850$2,199$1,676$1,265$946$388
25 years$2,707$2,063$1,553$1,155$851$333
26 years$2,575$1,939$1,440$1,056$767$286
27 years$2,453$1,825$1,337$967$691$246
28 years$2,340$1,720$1,243$886$624$212
29 years$2,235$1,622$1,157$812$563$183
30 years$2,137$1,532$1,077$745$509$157
31 years$2,046$1,448$1,004$685$460$135
32 years$1,961$1,371$937$629$416$117
33 years$1,880$1,298$875$579$377$101
34 years$1,805$1,230$818$532$341$87
35 years$1,734$1,167$764$490$309$75
36 years$1,668$1,107$715$451$280$64
37 years$1,605$1,052$669$416$254$56
38 years$1,545$1,000$627$383$230$48
39 years$1,489$951$587$353$209$41
40 years$1,436$904$550$326$189$36
41 years$1,385$861$516$301$172$31
42 years$1,337$820$484$278$156$26
43 years$1,291$781$454$256$141$23
44 years$1,248$745$426$237$128$20
45 years$1,206$710$400$218$116$17
46 years$1,167$677$376$202$106$15
47 years$1,129$646$353$186$96$13
48 years$1,093$617$332$172$87$11
49 years$1,058$589$312$159$79$9
50 years$1,025$563$293$147$72$8

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 $2,549 every year, while hoping to spend $50,353 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: 81/14/5 Blend
52$1,050,000$1,050,000$1,050,000$1,050,000
53$1,159,729$1,104,079$1,087,804$1,253,315
54$1,224,446$1,104,604$1,070,671$1,315,398
55$1,294,077$1,103,467$1,051,275$1,376,536
56$1,369,069$1,100,533$1,029,489$1,442,078
57$1,449,915$1,095,660$1,005,178$1,512,434
58$1,537,155$1,088,696$978,200$1,588,059
59$1,631,383$1,079,480$948,408$1,669,450
60$1,733,252$1,067,842$915,647$1,757,157
61$1,843,478$1,053,601$879,756$1,851,786
62$1,962,851$1,036,565$840,565$1,954,005
63$2,092,236$1,016,532$797,899$2,064,547
64$2,232,588$993,286$751,573$2,184,224
65$2,384,955$966,599$701,393$2,313,927
66$2,550,489$936,232$647,159$2,454,640
67$2,730,460$901,928$588,659$2,607,448
68$2,926,261$863,417$525,674$2,773,544
69$3,139,430$820,414$457,973$2,954,246
70$3,371,654$772,616$385,318$3,151,005
71$3,624,793$719,705$307,456$3,365,420
72$3,900,893$661,341$224,127$3,599,256
73$4,202,205$597,169$135,057$3,854,456
74$4,531,210$526,810$39,961$4,133,162
75$4,890,635$449,865$0$4,437,737
76$5,283,484$365,913$0$4,774,066
77$5,713,065$274,508$0$5,144,227
78$6,183,020$175,181$0$5,549,267
79$6,697,357$67,434$0$5,992,691
80$7,260,492$0$0$6,478,364
81$7,877,288$0$0$7,018,133
82$8,553,097$0$0$7,620,956
83$9,293,817$0$0$8,281,706
84$10,105,942$0$0$9,006,179
85$10,996,625$0$0$9,800,761
86$11,973,744$0$0$10,672,483
87$13,045,976$0$0$11,629,090
88$14,222,879$0$0$12,679,113
89$15,514,982$0$0$13,831,950
90$16,933,883$0$0$15,097,952
91$18,492,357$0$0$16,488,524
92$20,204,479$0$0$18,016,228
93$22,085,754$0$0$19,694,902
94$24,153,262$0$0$21,539,793
95$26,425,820$0$0$23,567,698
96$28,924,160$0$0$25,797,120
97$31,671,123$0$0$28,248,447
98$34,691,872$0$0$30,944,141
99$38,014,132$0$0$33,908,947
100$41,668,448$0$0$37,170,131