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%15.8%
1 years$86,708$85,936$85,182$84,447$83,728$81,738
2 years$42,925$42,125$41,351$40,599$39,871$37,877
3 years$28,332$27,529$26,757$26,012$25,296$23,361
4 years$21,037$20,237$19,472$18,740$18,041$16,180
5 years$16,662$15,866$15,111$14,394$13,715$11,933
6 years$13,745$12,956$12,212$11,511$10,852$9,151
7 years$11,663$10,880$10,148$9,464$8,825$7,206
8 years$10,102$9,326$8,606$7,939$7,322$5,782
9 years$8,889$8,120$7,413$6,762$6,166$4,706
10 years$7,919$7,158$6,463$5,829$5,254$3,871
11 years$7,125$6,372$5,690$5,073$4,518$3,212
12 years$6,465$5,719$5,049$4,450$3,915$2,682
13 years$5,906$5,168$4,511$3,929$3,414$2,253
14 years$5,428$4,698$4,053$3,487$2,993$1,900
15 years$5,014$4,292$3,660$3,110$2,635$1,609
16 years$4,652$3,938$3,318$2,785$2,329$1,366
17 years$4,333$3,626$3,019$2,502$2,065$1,163
18 years$4,049$3,351$2,756$2,255$1,836$992
19 years$3,796$3,106$2,523$2,037$1,637$848
20 years$3,569$2,886$2,316$1,845$1,462$726
21 years$3,363$2,688$2,130$1,675$1,308$622
22 years$3,176$2,509$1,963$1,523$1,173$533
23 years$3,006$2,347$1,813$1,387$1,053$458
24 years$2,850$2,199$1,676$1,265$946$394
25 years$2,707$2,063$1,553$1,155$851$339
26 years$2,575$1,939$1,440$1,056$767$291
27 years$2,453$1,825$1,337$967$691$251
28 years$2,340$1,720$1,243$886$624$216
29 years$2,235$1,622$1,157$812$563$186
30 years$2,137$1,532$1,077$745$509$160
31 years$2,046$1,448$1,004$685$460$138
32 years$1,961$1,371$937$629$416$119
33 years$1,880$1,298$875$579$377$103
34 years$1,805$1,230$818$532$341$89
35 years$1,734$1,167$764$490$309$77
36 years$1,668$1,107$715$451$280$66
37 years$1,605$1,052$669$416$254$57
38 years$1,545$1,000$627$383$230$49
39 years$1,489$951$587$353$209$42
40 years$1,436$904$550$326$189$37
41 years$1,385$861$516$301$172$32
42 years$1,337$820$484$278$156$27
43 years$1,291$781$454$256$141$24
44 years$1,248$745$426$237$128$20
45 years$1,206$710$400$218$116$18
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$10
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 $4,124 every year, while hoping to spend $28,593 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: 25/48/27 Blend
52$1,050,000$1,050,000$1,050,000$1,050,000
53$1,161,354$1,105,704$1,089,429$1,180,450
54$1,249,389$1,129,461$1,095,502$1,220,374
55$1,345,446$1,153,423$1,100,820$1,260,443
56$1,450,312$1,177,571$1,105,328$1,302,808
57$1,564,854$1,201,883$1,108,968$1,347,680
58$1,690,029$1,226,335$1,111,677$1,395,295
59$1,826,886$1,250,899$1,113,392$1,445,909
60$1,976,583$1,275,548$1,114,046$1,499,809
61$2,140,396$1,300,251$1,113,567$1,557,312
62$2,319,726$1,324,973$1,111,882$1,618,764
63$2,516,120$1,349,679$1,108,912$1,684,553
64$2,731,279$1,374,328$1,104,576$1,755,104
65$2,967,078$1,398,879$1,098,787$1,830,889
66$3,225,580$1,423,284$1,091,457$1,912,428
67$3,509,059$1,447,495$1,082,491$2,000,296
68$3,820,019$1,471,458$1,071,790$2,095,128
69$4,161,218$1,495,116$1,059,251$2,197,628
70$4,535,692$1,518,407$1,044,766$2,308,570
71$4,946,789$1,541,265$1,028,222$2,428,811
72$5,398,194$1,563,620$1,009,501$2,559,300
73$5,893,968$1,585,395$988,477$2,701,080
74$6,438,583$1,606,510$965,021$2,855,309
75$7,036,967$1,626,877$938,998$3,023,261
76$7,694,548$1,646,405$910,265$3,206,345
77$8,417,307$1,664,993$878,673$3,406,120
78$9,211,831$1,682,536$844,068$3,624,301
79$10,085,379$1,698,922$806,285$3,862,789
80$11,045,948$1,714,030$765,156$4,123,677
81$12,102,349$1,727,732$720,503$4,409,279
82$13,264,289$1,739,891$672,140$4,722,148
83$14,542,463$1,750,362$619,874$5,065,106
84$15,948,655$1,758,990$563,500$5,441,262
85$17,495,849$1,765,612$502,808$5,854,053
86$19,198,350$1,770,051$437,577$6,307,271
87$21,071,920$1,772,123$367,575$6,805,099
88$23,133,929$1,771,629$292,561$7,352,156
89$25,403,511$1,768,360$212,283$7,953,539
90$27,901,753$1,762,094$126,479$8,614,871
91$30,651,889$1,752,594$34,873$9,342,358
92$33,679,519$1,739,609$0$10,142,846
93$37,012,854$1,722,874$0$11,042,008
94$40,682,977$1,702,106$0$12,041,960
95$44,724,139$1,677,008$0$13,141,930
96$49,174,082$1,647,261$0$14,352,157
97$54,074,393$1,612,532$0$15,683,926
98$59,470,900$1,572,465$0$17,149,686
99$65,414,099$1,526,683$0$18,763,156
100$71,959,635$1,474,789$0$20,539,466