Can I retire at age 53 with 1,080,000?

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 $1,080,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$89,185$88,391$87,616$86,859$86,121$83,531
2 years$44,151$43,329$42,532$41,759$41,010$38,423
3 years$29,142$28,316$27,521$26,756$26,018$23,515
4 years$21,638$20,815$20,028$19,276$18,557$16,156
5 years$17,138$16,319$15,543$14,806$14,106$11,815
6 years$14,138$13,326$12,561$11,840$11,162$8,982
7 years$11,997$11,191$10,438$9,735$9,078$7,009
8 years$10,391$9,593$8,852$8,166$7,531$5,572
9 years$9,143$8,352$7,625$6,956$6,342$4,491
10 years$8,145$7,362$6,647$5,996$5,404$3,658
11 years$7,329$6,554$5,852$5,218$4,647$3,004
12 years$6,650$5,883$5,194$4,577$4,027$2,482
13 years$6,075$5,316$4,640$4,041$3,512$2,062
14 years$5,583$4,832$4,169$3,587$3,078$1,720
15 years$5,157$4,414$3,764$3,199$2,711$1,440
16 years$4,785$4,050$3,413$2,864$2,396$1,209
17 years$4,457$3,730$3,106$2,574$2,124$1,017
18 years$4,165$3,447$2,835$2,319$1,889$858
19 years$3,905$3,194$2,595$2,096$1,683$724
20 years$3,671$2,968$2,382$1,898$1,504$612
21 years$3,459$2,765$2,191$1,723$1,346$518
22 years$3,267$2,581$2,019$1,566$1,206$439
23 years$3,092$2,414$1,864$1,426$1,083$372
24 years$2,932$2,262$1,724$1,301$973$316
25 years$2,784$2,122$1,597$1,188$876$268
26 years$2,649$1,995$1,481$1,086$789$228
27 years$2,523$1,877$1,375$994$711$194
28 years$2,407$1,769$1,279$911$642$165
29 years$2,299$1,669$1,190$835$579$140
30 years$2,198$1,576$1,108$767$524$119
31 years$2,104$1,490$1,033$704$473$101
32 years$2,017$1,410$964$647$428$86
33 years$1,934$1,335$900$595$387$73
34 years$1,857$1,265$841$548$351$62
35 years$1,784$1,200$786$504$318$53
36 years$1,715$1,139$736$464$288$45
37 years$1,651$1,082$688$428$261$39
38 years$1,589$1,028$645$394$237$33
39 years$1,531$978$604$364$215$28
40 years$1,477$930$566$335$195$24
41 years$1,424$885$531$309$177$20
42 years$1,375$843$498$285$160$17
43 years$1,328$803$467$264$145$15
44 years$1,283$766$439$243$132$13
45 years$1,241$730$412$225$120$11
46 years$1,200$697$387$208$109$9
47 years$1,161$665$363$192$99$8
48 years$1,124$635$341$177$90$7
49 years$1,088$606$321$164$81$6
50 years$1,054$579$302$151$74$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,080,000, adding $5,432 every year, while hoping to spend $50,605 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: 64/7/29 Blend
52$1,080,000$1,080,000$1,080,000$1,080,000
53$1,195,763$1,138,523$1,121,783$1,262,725
54$1,263,888$1,140,467$1,105,520$1,310,703
55$1,337,265$1,140,811$1,087,015$1,357,066
56$1,416,377$1,139,422$1,066,141$1,406,641
57$1,501,754$1,136,160$1,042,763$1,459,751
58$1,593,978$1,130,877$1,016,741$1,516,754
59$1,693,689$1,123,415$987,927$1,578,044
60$1,801,589$1,113,607$956,167$1,644,061
61$1,918,453$1,101,275$921,300$1,715,287
62$2,045,129$1,086,231$883,158$1,792,258
63$2,182,553$1,068,277$841,564$1,875,566
64$2,331,752$1,047,201$796,335$1,965,865
65$2,493,856$1,022,780$747,277$2,063,879
66$2,670,109$994,776$694,191$2,170,407
67$2,861,879$962,939$636,866$2,286,332
68$3,070,672$927,004$575,081$2,412,632
69$3,298,143$886,689$508,609$2,550,386
70$3,546,115$841,699$437,210$2,700,784
71$3,816,595$791,718$360,632$2,865,145
72$4,111,790$736,415$278,616$3,044,923
73$4,434,131$675,438$190,888$3,241,725
74$4,786,294$608,415$97,164$3,457,326
75$5,171,223$534,955$0$3,693,685
76$5,592,162$454,642$0$3,953,851
77$6,052,681$367,038$0$4,271,471
78$6,556,712$271,680$0$4,619,185
79$7,108,583$168,079$0$5,000,012
80$7,713,063$55,720$0$5,417,274
81$8,375,401$0$0$5,874,633
82$9,101,379$0$0$6,381,204
83$9,897,365$0$0$6,941,406
84$10,770,372$0$0$7,555,892
85$11,728,125$0$0$8,230,108
86$12,779,134$0$0$8,970,056
87$13,932,769$0$0$9,782,344
88$15,199,356$0$0$10,674,251
89$16,590,265$0$0$11,653,797
90$18,118,026$0$0$12,729,816
91$19,796,438$0$0$13,912,040
92$21,640,705$0$0$15,211,190
93$23,667,576$0$0$16,639,077
94$25,895,503$0$0$18,208,713
95$28,344,813$0$0$19,934,435
96$31,037,905$0$0$21,832,035
97$33,999,452$0$0$23,918,917
98$37,256,641$0$0$26,214,250
99$40,839,424$0$0$28,739,159
100$44,780,804$0$0$31,516,917