Can I retire at age 53 with 1,110,000?

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 $1,110,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$91,663$90,846$90,050$89,272$88,513$86,198
2 years$45,378$44,532$43,713$42,919$42,149$39,833
3 years$29,951$29,102$28,285$27,499$26,741$24,496
4 years$22,240$21,393$20,585$19,811$19,072$16,915
5 years$17,614$16,773$15,974$15,217$14,498$12,435
6 years$14,531$13,696$12,910$12,169$11,472$9,505
7 years$12,330$11,502$10,728$10,005$9,330$7,459
8 years$10,680$9,859$9,098$8,393$7,740$5,965
9 years$9,397$8,584$7,836$7,149$6,518$4,837
10 years$8,371$7,567$6,832$6,162$5,554$3,964
11 years$7,533$6,736$6,015$5,363$4,776$3,276
12 years$6,834$6,046$5,338$4,704$4,139$2,726
13 years$6,244$5,464$4,769$4,153$3,609$2,280
14 years$5,738$4,966$4,285$3,687$3,164$1,915
15 years$5,300$4,537$3,869$3,288$2,786$1,614
16 years$4,918$4,163$3,508$2,944$2,462$1,365
17 years$4,580$3,834$3,192$2,645$2,183$1,157
18 years$4,281$3,542$2,914$2,384$1,941$983
19 years$4,013$3,283$2,667$2,154$1,730$836
20 years$3,773$3,051$2,448$1,951$1,545$712
21 years$3,555$2,842$2,252$1,770$1,383$608
22 years$3,358$2,653$2,075$1,610$1,240$519
23 years$3,178$2,481$1,916$1,466$1,113$443
24 years$3,013$2,324$1,772$1,337$1,000$379
25 years$2,862$2,181$1,641$1,221$900$325
26 years$2,722$2,050$1,522$1,117$811$278
27 years$2,593$1,929$1,414$1,022$731$238
28 years$2,474$1,818$1,314$936$660$204
29 years$2,363$1,715$1,223$859$596$175
30 years$2,259$1,620$1,139$788$538$150
31 years$2,163$1,531$1,062$724$486$129
32 years$2,073$1,449$991$665$440$110
33 years$1,988$1,372$925$612$398$95
34 years$1,908$1,300$864$563$361$81
35 years$1,833$1,233$808$518$327$70
36 years$1,763$1,171$756$477$296$60
37 years$1,696$1,112$708$440$268$51
38 years$1,633$1,057$663$405$243$44
39 years$1,574$1,005$621$374$220$38
40 years$1,518$956$582$345$200$33
41 years$1,464$910$546$318$181$28
42 years$1,413$867$512$293$165$24
43 years$1,365$826$480$271$149$21
44 years$1,319$787$451$250$136$18
45 years$1,275$751$423$231$123$15
46 years$1,233$716$398$213$112$13
47 years$1,193$683$373$197$102$11
48 years$1,155$652$351$182$92$10
49 years$1,119$623$330$168$84$8
50 years$1,084$595$310$156$76$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,110,000, adding $3,895 every year, while hoping to spend $46,949 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: 72/22/6 Blend
52$1,110,000$1,110,000$1,110,000$1,110,000
53$1,227,238$1,168,408$1,151,203$1,314,424
54$1,302,463$1,175,706$1,139,815$1,379,743
55$1,383,787$1,181,789$1,126,471$1,444,981
56$1,471,783$1,186,547$1,111,058$1,515,083
57$1,567,081$1,189,863$1,093,455$1,590,514
58$1,670,372$1,191,615$1,073,534$1,671,787
59$1,782,417$1,191,672$1,051,165$1,759,468
60$1,904,054$1,189,894$1,026,209$1,854,180
61$2,036,202$1,186,133$998,522$1,956,610
62$2,179,874$1,180,233$967,952$2,067,517
63$2,336,184$1,172,028$934,341$2,187,735
64$2,506,357$1,161,340$897,524$2,318,188
65$2,691,743$1,147,982$857,328$2,459,890
66$2,893,825$1,131,757$813,572$2,613,962
67$3,114,235$1,112,454$766,068$2,781,642
68$3,354,773$1,089,850$714,617$2,964,290
69$3,617,417$1,063,710$659,013$3,163,411
70$3,904,345$1,033,783$599,041$3,380,661
71$4,217,954$999,805$534,476$3,617,869
72$4,560,886$961,496$465,082$3,877,051
73$4,936,048$918,560$390,612$4,160,430
74$5,346,639$870,683$310,812$4,470,456
75$5,796,184$817,535$225,413$4,809,835
76$6,288,565$758,765$134,134$5,181,546
77$6,828,056$694,001$36,685$5,588,879
78$7,419,363$622,853$0$6,035,459
79$8,067,672$544,906$0$6,529,594
80$8,778,691$459,724$0$7,074,169
81$9,558,710$366,842$0$7,671,718
82$10,414,655$265,775$0$8,327,623
83$11,354,158$156,005$0$9,047,820
84$12,385,621$36,989$0$9,838,851
85$13,518,304$0$0$10,707,930
86$14,762,405$0$0$11,685,245
87$16,129,159$0$0$12,768,806
88$17,630,943$0$0$13,959,477
89$19,281,393$0$0$15,268,077
90$21,095,529$0$0$16,706,523
91$23,089,902$0$0$18,287,945
92$25,282,743$0$0$20,026,809
93$27,694,140$0$0$21,939,052
94$30,346,226$0$0$24,042,233
95$33,263,384$0$0$26,355,699
96$36,472,480$0$0$28,900,765
97$40,003,115$0$0$31,700,916
98$43,887,904$0$0$34,782,030
99$48,162,782$0$0$38,172,617
100$52,867,344$0$0$41,904,093