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

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 $1,090,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$90,011$89,209$88,427$87,664$86,918$84,851
2 years$44,560$43,730$42,926$42,146$41,390$39,319
3 years$29,412$28,578$27,776$27,003$26,259$24,250
4 years$21,839$21,008$20,214$19,454$18,728$16,796
5 years$17,296$16,470$15,687$14,943$14,237$12,387
6 years$14,269$13,449$12,677$11,950$11,265$9,499
7 years$12,108$11,295$10,535$9,825$9,162$7,480
8 years$10,487$9,682$8,934$8,242$7,600$6,003
9 years$9,228$8,430$7,695$7,020$6,401$4,885
10 years$8,220$7,430$6,709$6,051$5,454$4,019
11 years$7,397$6,615$5,906$5,267$4,690$3,334
12 years$6,711$5,937$5,242$4,619$4,065$2,785
13 years$6,131$5,365$4,683$4,078$3,544$2,338
14 years$5,635$4,877$4,208$3,620$3,107$1,972
15 years$5,205$4,455$3,799$3,229$2,736$1,670
16 years$4,829$4,088$3,444$2,891$2,418$1,418
17 years$4,498$3,765$3,134$2,597$2,144$1,207
18 years$4,204$3,479$2,861$2,341$1,906$1,030
19 years$3,941$3,224$2,619$2,115$1,699$880
20 years$3,705$2,996$2,404$1,916$1,518$753
21 years$3,491$2,790$2,211$1,739$1,358$645
22 years$3,297$2,605$2,038$1,581$1,217$554
23 years$3,121$2,436$1,882$1,440$1,093$476
24 years$2,959$2,283$1,740$1,313$982$409
25 years$2,810$2,142$1,612$1,199$884$351
26 years$2,673$2,013$1,495$1,096$796$302
27 years$2,547$1,895$1,388$1,004$718$260
28 years$2,429$1,785$1,290$919$648$224
29 years$2,320$1,684$1,201$843$585$193
30 years$2,219$1,591$1,119$774$528$167
31 years$2,124$1,504$1,043$711$478$144
32 years$2,035$1,423$973$653$432$124
33 years$1,952$1,347$908$601$391$107
34 years$1,874$1,277$849$553$354$92
35 years$1,800$1,211$794$509$321$79
36 years$1,731$1,150$742$469$291$69
37 years$1,666$1,092$695$432$263$59
38 years$1,604$1,038$651$398$239$51
39 years$1,546$987$610$367$217$44
40 years$1,490$939$571$338$196$38
41 years$1,438$894$536$312$178$33
42 years$1,388$851$503$288$162$28
43 years$1,340$811$472$266$147$24
44 years$1,295$773$443$246$133$21
45 years$1,252$737$416$227$121$18
46 years$1,211$703$390$210$110$16
47 years$1,172$671$367$194$100$14
48 years$1,134$641$345$179$91$12
49 years$1,098$612$324$165$82$10
50 years$1,064$584$305$153$75$9

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 $5,916 every year, while hoping to spend $41,554 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: 56/21/23 Blend
52$1,090,000$1,090,000$1,090,000$1,090,000
53$1,207,282$1,149,512$1,132,617$1,267,035
54$1,286,212$1,161,625$1,126,347$1,320,701
55$1,371,800$1,172,939$1,118,474$1,374,244
56$1,464,681$1,183,371$1,108,900$1,431,693
57$1,565,554$1,192,832$1,097,524$1,493,435
58$1,675,188$1,201,228$1,084,238$1,559,899
59$1,794,428$1,208,458$1,068,931$1,631,557
60$1,924,203$1,214,417$1,051,484$1,708,932
61$2,065,539$1,218,990$1,031,776$1,792,601
62$2,219,560$1,222,057$1,009,676$1,883,203
63$2,387,507$1,223,489$985,052$1,981,443
64$2,570,742$1,223,150$957,761$2,088,098
65$2,770,769$1,220,896$927,657$2,204,028
66$2,989,240$1,216,572$894,586$2,330,184
67$3,227,974$1,210,015$858,386$2,467,614
68$3,488,974$1,201,053$818,889$2,617,477
69$3,774,447$1,189,502$775,919$2,781,050
70$4,086,820$1,175,167$729,292$2,959,747
71$4,428,768$1,157,842$678,816$3,155,127
72$4,803,235$1,137,309$624,288$3,368,910
73$5,213,463$1,113,336$565,500$3,602,998
74$5,663,024$1,085,677$502,232$3,859,488
75$6,155,851$1,054,073$434,255$4,140,695
76$6,696,274$1,018,250$361,330$4,449,175
77$7,289,066$977,915$283,206$4,787,750
78$7,939,480$932,763$199,623$5,159,532
79$8,653,304$882,466$110,308$5,567,957
80$9,436,915$826,680$14,976$6,016,817
81$10,297,334$765,041$0$6,510,293
82$11,242,299$697,165$0$7,074,295
83$12,280,331$622,644$0$7,697,930
84$13,420,819$541,047$0$8,383,216
85$14,674,106$451,922$0$9,136,436
86$16,051,585$354,786$0$9,964,516
87$17,565,809$249,133$0$10,875,089
88$19,230,609$134,428$0$11,876,572
89$21,061,221$10,105$0$12,978,242
90$23,074,431$0$0$14,190,326
91$25,288,735$0$0$15,552,854
92$27,724,511$0$0$17,054,340
93$30,404,210$0$0$18,706,303
94$33,352,570$0$0$20,524,007
95$36,596,847$0$0$22,524,272
96$40,167,074$0$0$24,725,629
97$44,096,340$0$0$27,148,496
98$48,421,106$0$0$29,815,372
99$53,181,548$0$0$32,751,048
100$58,421,931$0$0$35,982,840