Can I retire at age 53 with 1,090,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,090,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$90,011$89,209$88,427$87,664$86,918$86,262
2 years$44,560$43,730$42,926$42,146$41,390$40,728
3 years$29,412$28,578$27,776$27,003$26,259$25,613
4 years$21,839$21,008$20,214$19,454$18,728$18,102
5 years$17,296$16,470$15,687$14,943$14,237$13,633
6 years$14,269$13,449$12,677$11,950$11,265$10,684
7 years$12,108$11,295$10,535$9,825$9,162$8,603
8 years$10,487$9,682$8,934$8,242$7,600$7,065
9 years$9,228$8,430$7,695$7,020$6,401$5,888
10 years$8,220$7,430$6,709$6,051$5,454$4,963
11 years$7,397$6,615$5,906$5,267$4,690$4,222
12 years$6,711$5,937$5,242$4,619$4,065$3,618
13 years$6,131$5,365$4,683$4,078$3,544$3,119
14 years$5,635$4,877$4,208$3,620$3,107$2,703
15 years$5,205$4,455$3,799$3,229$2,736$2,351
16 years$4,829$4,088$3,444$2,891$2,418$2,053
17 years$4,498$3,765$3,134$2,597$2,144$1,798
18 years$4,204$3,479$2,861$2,341$1,906$1,579
19 years$3,941$3,224$2,619$2,115$1,699$1,390
20 years$3,705$2,996$2,404$1,916$1,518$1,225
21 years$3,491$2,790$2,211$1,739$1,358$1,082
22 years$3,297$2,605$2,038$1,581$1,217$957
23 years$3,121$2,436$1,882$1,440$1,093$848
24 years$2,959$2,283$1,740$1,313$982$752
25 years$2,810$2,142$1,612$1,199$884$667
26 years$2,673$2,013$1,495$1,096$796$593
27 years$2,547$1,895$1,388$1,004$718$527
28 years$2,429$1,785$1,290$919$648$469
29 years$2,320$1,684$1,201$843$585$417
30 years$2,219$1,591$1,119$774$528$372
31 years$2,124$1,504$1,043$711$478$331
32 years$2,035$1,423$973$653$432$295
33 years$1,952$1,347$908$601$391$263
34 years$1,874$1,277$849$553$354$235
35 years$1,800$1,211$794$509$321$209
36 years$1,731$1,150$742$469$291$187
37 years$1,666$1,092$695$432$263$167
38 years$1,604$1,038$651$398$239$149
39 years$1,546$987$610$367$217$133
40 years$1,490$939$571$338$196$119
41 years$1,438$894$536$312$178$106
42 years$1,388$851$503$288$162$95
43 years$1,340$811$472$266$147$85
44 years$1,295$773$443$246$133$76
45 years$1,252$737$416$227$121$68
46 years$1,211$703$390$210$110$61
47 years$1,172$671$367$194$100$54
48 years$1,134$641$345$179$91$48
49 years$1,098$612$324$165$82$43
50 years$1,064$584$305$153$75$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,090,000, adding $3,930 every year, while hoping to spend $23,174 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: 54/22/24 Blend
52$1,090,000$1,090,000$1,090,000$1,090,000
53$1,205,234$1,147,464$1,130,569$1,262,149
54$1,303,511$1,179,033$1,143,786$1,333,317
55$1,411,035$1,211,372$1,156,669$1,408,019
56$1,528,726$1,244,494$1,169,183$1,488,861
57$1,657,595$1,278,413$1,181,289$1,576,440
58$1,798,756$1,313,141$1,192,949$1,671,412
59$1,953,436$1,348,693$1,204,119$1,774,500
60$2,122,987$1,385,079$1,214,758$1,886,499
61$2,308,896$1,422,312$1,224,817$2,008,286
62$2,512,803$1,460,405$1,234,247$2,140,829
63$2,736,513$1,499,369$1,242,999$2,285,191
64$2,982,014$1,539,215$1,251,017$2,442,544
65$3,251,498$1,579,955$1,258,244$2,614,181
66$3,547,377$1,621,599$1,264,621$2,801,526
67$3,872,308$1,664,156$1,270,085$3,006,146
68$4,229,220$1,707,636$1,274,569$3,229,769
69$4,621,338$1,752,048$1,278,005$3,474,301
70$5,052,215$1,797,399$1,280,318$3,741,839
71$5,525,766$1,843,696$1,281,434$4,034,695
72$6,046,303$1,890,946$1,281,271$4,355,417
73$6,618,577$1,939,154$1,279,746$4,706,814
74$7,247,824$1,988,325$1,276,769$5,091,979
75$7,939,809$2,038,460$1,272,248$5,514,321
76$8,700,888$2,089,562$1,266,086$5,977,598
77$9,538,059$2,141,632$1,258,181$6,485,952
78$10,459,037$2,194,668$1,248,426$7,043,944
79$11,472,320$2,248,667$1,236,709$7,656,605
80$12,587,271$2,303,627$1,222,913$8,329,477
81$13,814,208$2,359,539$1,206,916$9,068,666
82$15,164,497$2,416,397$1,188,588$9,880,905
83$16,650,666$2,474,190$1,167,795$10,773,611
84$18,286,514$2,532,906$1,144,397$11,754,959
85$20,087,250$2,592,529$1,118,245$12,833,960
86$22,069,629$2,653,043$1,089,186$14,020,541
87$24,252,115$2,714,426$1,057,058$15,325,647
88$26,655,053$2,776,656$1,021,692$16,761,337
89$29,300,862$2,839,705$982,912$18,340,901
90$32,214,244$2,903,544$940,533$20,078,987
91$35,422,418$2,968,139$894,362$21,991,738
92$38,955,379$3,033,453$844,198$24,096,943
93$42,846,179$3,099,443$789,829$26,414,210
94$47,131,236$3,166,063$731,036$28,965,146
95$51,850,684$3,233,261$667,587$31,773,564
96$57,048,745$3,300,983$599,243$34,865,708
97$62,774,151$3,369,165$525,752$38,270,500
98$69,080,602$3,437,741$446,852$42,019,816
99$76,027,270$3,506,638$362,268$46,148,784
100$83,679,363$3,575,774$271,715$50,696,117