Can I retire at age 53 with 1,100,000?

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 $1,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$90,837$90,028$89,238$88,468$87,716$86,015
2 years$44,969$44,131$43,320$42,533$41,769$40,063
3 years$29,681$28,840$28,031$27,251$26,500$24,841
4 years$22,039$21,201$20,399$19,633$18,900$17,301
5 years$17,455$16,622$15,831$15,080$14,368$12,833
6 years$14,400$13,573$12,793$12,060$11,369$9,901
7 years$12,219$11,398$10,631$9,915$9,246$7,845
8 years$10,583$9,771$9,016$8,317$7,670$6,336
9 years$9,312$8,507$7,766$7,084$6,459$5,190
10 years$8,296$7,499$6,770$6,107$5,504$4,299
11 years$7,465$6,675$5,960$5,315$4,733$3,591
12 years$6,773$5,992$5,290$4,662$4,102$3,021
13 years$6,188$5,415$4,726$4,116$3,577$2,556
14 years$5,687$4,922$4,246$3,653$3,135$2,172
15 years$5,253$4,496$3,834$3,258$2,761$1,853
16 years$4,873$4,125$3,476$2,917$2,440$1,586
17 years$4,539$3,799$3,163$2,621$2,163$1,360
18 years$4,242$3,510$2,887$2,362$1,924$1,170
19 years$3,977$3,253$2,643$2,135$1,715$1,008
20 years$3,739$3,023$2,426$1,933$1,531$870
21 years$3,523$2,816$2,231$1,755$1,371$752
22 years$3,327$2,629$2,057$1,595$1,228$651
23 years$3,149$2,459$1,899$1,453$1,103$563
24 years$2,986$2,304$1,756$1,325$991$488
25 years$2,836$2,162$1,627$1,210$892$424
26 years$2,698$2,032$1,509$1,106$803$368
27 years$2,570$1,912$1,401$1,013$724$320
28 years$2,452$1,802$1,302$928$654$278
29 years$2,342$1,700$1,212$851$590$241
30 years$2,239$1,605$1,129$781$533$210
31 years$2,143$1,517$1,052$717$482$183
32 years$2,054$1,436$982$659$436$159
33 years$1,970$1,360$917$606$395$138
34 years$1,891$1,289$857$558$357$120
35 years$1,817$1,222$801$513$324$105
36 years$1,747$1,160$749$473$293$91
37 years$1,681$1,102$701$436$266$80
38 years$1,619$1,047$657$402$241$69
39 years$1,560$996$615$370$218$60
40 years$1,504$947$577$342$198$53
41 years$1,451$902$541$315$180$46
42 years$1,400$859$507$291$163$40
43 years$1,353$818$476$268$148$35
44 years$1,307$780$447$248$134$30
45 years$1,264$744$419$229$122$26
46 years$1,222$710$394$211$111$23
47 years$1,183$677$370$195$101$20
48 years$1,145$646$348$180$91$18
49 years$1,109$617$327$167$83$15
50 years$1,074$590$307$154$75$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,100,000, adding $6,889 every year, while hoping to spend $33,598 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: 78/5/17 Blend
52$1,100,000$1,100,000$1,100,000$1,100,000
53$1,219,306$1,161,006$1,143,956$1,309,326
54$1,307,927$1,182,147$1,146,531$1,390,820
55$1,404,462$1,203,198$1,148,065$1,475,270
56$1,509,681$1,224,120$1,148,490$1,566,986
57$1,624,435$1,244,868$1,147,730$1,666,684
58$1,749,658$1,265,397$1,145,710$1,775,151
59$1,886,378$1,285,657$1,142,347$1,893,254
60$2,035,730$1,305,594$1,137,556$2,021,950
61$2,198,958$1,325,153$1,131,248$2,162,291
62$2,377,437$1,344,271$1,123,330$2,315,439
63$2,572,678$1,362,882$1,113,704$2,482,671
64$2,786,345$1,380,917$1,102,267$2,665,397
65$3,020,270$1,398,299$1,088,910$2,865,170
66$3,276,471$1,414,950$1,073,523$3,083,699
67$3,557,171$1,430,783$1,055,986$3,322,871
68$3,864,818$1,445,706$1,036,177$3,584,761
69$4,202,106$1,459,622$1,013,965$3,871,661
70$4,572,004$1,472,427$989,217$4,186,091
71$4,977,783$1,484,010$961,789$4,530,833
72$5,423,043$1,494,253$931,536$4,908,950
73$5,911,752$1,503,030$898,300$5,323,818
74$6,448,279$1,510,207$861,922$5,779,158
75$7,037,437$1,515,641$822,231$6,279,070
76$7,684,531$1,519,182$779,050$6,828,074
77$8,395,400$1,520,669$732,195$7,431,150
78$9,176,479$1,519,931$681,472$8,093,786
79$10,034,858$1,516,786$626,680$8,822,031
80$10,978,347$1,511,041$567,607$9,622,550
81$12,015,550$1,502,494$504,033$10,502,691
82$13,155,946$1,490,925$435,728$11,470,551
83$14,409,978$1,476,107$362,451$12,535,051
84$15,789,154$1,457,794$283,951$13,706,025
85$17,306,151$1,435,729$199,966$14,994,312
86$18,974,936$1,409,638$110,223$16,411,856
87$20,810,899$1,379,230$14,435$17,971,818
88$22,830,997$1,344,198$0$19,688,707
89$25,053,913$1,304,218$0$21,594,434
90$27,500,232$1,258,944$0$23,694,524
91$30,192,636$1,208,013$0$26,005,833
92$33,156,118$1,151,039$0$28,549,823
93$36,418,215$1,087,613$0$31,350,143
94$40,009,273$1,017,305$0$34,432,852
95$43,962,724$939,659$0$37,826,666
96$48,315,412$854,192$0$41,563,226
97$53,107,931$760,395$0$45,677,400
98$58,385,014$657,728$0$50,207,608
99$64,195,952$545,623$0$55,196,190
100$70,595,059$423,479$0$60,689,800