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

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 $1,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$90,837$90,028$89,238$88,468$87,716$86,405
2 years$44,969$44,131$43,320$42,533$41,769$40,452
3 years$29,681$28,840$28,031$27,251$26,500$25,217
4 years$22,039$21,201$20,399$19,633$18,900$17,661
5 years$17,455$16,622$15,831$15,080$14,368$13,176
6 years$14,400$13,573$12,793$12,060$11,369$10,226
7 years$12,219$11,398$10,631$9,915$9,246$8,152
8 years$10,583$9,771$9,016$8,317$7,670$6,626
9 years$9,312$8,507$7,766$7,084$6,459$5,464
10 years$8,296$7,499$6,770$6,107$5,504$4,556
11 years$7,465$6,675$5,960$5,315$4,733$3,833
12 years$6,773$5,992$5,290$4,662$4,102$3,247
13 years$6,188$5,415$4,726$4,116$3,577$2,767
14 years$5,687$4,922$4,246$3,653$3,135$2,369
15 years$5,253$4,496$3,834$3,258$2,761$2,036
16 years$4,873$4,125$3,476$2,917$2,440$1,756
17 years$4,539$3,799$3,163$2,621$2,163$1,519
18 years$4,242$3,510$2,887$2,362$1,924$1,316
19 years$3,977$3,253$2,643$2,135$1,715$1,143
20 years$3,739$3,023$2,426$1,933$1,531$995
21 years$3,523$2,816$2,231$1,755$1,371$867
22 years$3,327$2,629$2,057$1,595$1,228$757
23 years$3,149$2,459$1,899$1,453$1,103$661
24 years$2,986$2,304$1,756$1,325$991$578
25 years$2,836$2,162$1,627$1,210$892$506
26 years$2,698$2,032$1,509$1,106$803$443
27 years$2,570$1,912$1,401$1,013$724$388
28 years$2,452$1,802$1,302$928$654$340
29 years$2,342$1,700$1,212$851$590$299
30 years$2,239$1,605$1,129$781$533$262
31 years$2,143$1,517$1,052$717$482$230
32 years$2,054$1,436$982$659$436$202
33 years$1,970$1,360$917$606$395$177
34 years$1,891$1,289$857$558$357$156
35 years$1,817$1,222$801$513$324$137
36 years$1,747$1,160$749$473$293$120
37 years$1,681$1,102$701$436$266$106
38 years$1,619$1,047$657$402$241$93
39 years$1,560$996$615$370$218$82
40 years$1,504$947$577$342$198$72
41 years$1,451$902$541$315$180$63
42 years$1,400$859$507$291$163$56
43 years$1,353$818$476$268$148$49
44 years$1,307$780$447$248$134$43
45 years$1,264$744$419$229$122$38
46 years$1,222$710$394$211$111$33
47 years$1,183$677$370$195$101$29
48 years$1,145$646$348$180$91$26
49 years$1,109$617$327$167$83$23
50 years$1,074$590$307$154$75$20

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 $2,328 every year, while hoping to spend $33,936 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: 43/31/26 Blend
52$1,100,000$1,100,000$1,100,000$1,100,000
53$1,214,601$1,156,301$1,139,251$1,257,534
54$1,302,383$1,176,852$1,141,309$1,308,976
55$1,397,981$1,197,273$1,142,297$1,361,259
56$1,502,157$1,217,521$1,142,146$1,417,247
57$1,615,748$1,237,551$1,140,780$1,477,302
58$1,739,678$1,257,315$1,138,119$1,541,824
59$1,874,961$1,276,759$1,134,082$1,611,254
60$2,022,714$1,295,828$1,128,581$1,686,082
61$2,184,169$1,314,461$1,121,526$1,766,845
62$2,360,678$1,332,593$1,112,821$1,854,139
63$2,553,734$1,350,157$1,102,367$1,948,622
64$2,764,978$1,367,078$1,090,060$2,051,019
65$2,996,218$1,383,277$1,075,789$2,162,132
66$3,249,444$1,398,669$1,059,440$2,282,847
67$3,526,850$1,413,166$1,040,893$2,414,140
68$3,830,848$1,426,671$1,020,023$2,557,092
69$4,164,098$1,439,082$996,698$2,712,893
70$4,529,529$1,450,290$970,780$2,882,860
71$4,930,366$1,460,179$942,126$3,068,443
72$5,370,161$1,468,625$910,585$3,271,246
73$5,852,828$1,475,498$875,999$3,493,038
74$6,382,676$1,480,657$838,205$3,735,773
75$6,964,453$1,483,954$797,029$4,001,605
76$7,603,391$1,485,231$752,293$4,292,914
77$8,305,249$1,484,320$703,808$4,612,325
78$9,076,377$1,481,044$651,377$4,962,734
79$9,923,764$1,475,212$594,796$5,347,339
80$10,855,116$1,466,625$533,849$5,769,668
81$11,878,918$1,455,070$468,313$6,233,612
82$13,004,521$1,440,321$397,955$6,743,465
83$14,242,224$1,422,139$322,528$7,303,966
84$15,603,377$1,400,270$241,779$7,920,342
85$17,100,484$1,374,446$155,441$8,598,359
86$18,747,321$1,344,381$63,236$9,344,378
87$20,559,067$1,309,775$0$10,165,415
88$22,552,445$1,270,308$0$11,078,965
89$24,745,884$1,225,642$0$12,103,167
90$27,159,685$1,175,420$0$13,229,963
91$29,816,221$1,119,263$0$14,469,829
92$32,740,139$1,056,771$0$15,834,315
93$35,958,602$987,521$0$17,336,154
94$39,501,535$911,066$0$18,989,379
95$43,401,915$826,931$0$20,809,463
96$47,696,077$734,617$0$22,813,460
97$52,424,059$633,596$0$25,020,170
98$57,629,980$523,309$0$27,450,316
99$63,362,452$403,165$0$30,126,741
100$69,675,044$272,543$0$33,074,626