Can I retire at age 53 with 1,130,000?

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 $1,130,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$93,314$92,483$91,672$90,881$90,108$89,204
2 years$46,195$45,335$44,501$43,693$42,908$41,998
3 years$30,491$29,627$28,795$27,994$27,223$26,334
4 years$22,640$21,779$20,955$20,168$19,416$18,555
5 years$17,931$17,075$16,262$15,491$14,759$13,930
6 years$14,793$13,943$13,142$12,388$11,679$10,882
7 years$12,552$11,709$10,921$10,185$9,498$8,733
8 years$10,872$10,037$9,262$8,544$7,879$7,147
9 years$9,566$8,739$7,978$7,278$6,636$5,936
10 years$8,522$7,703$6,955$6,273$5,654$4,986
11 years$7,668$6,858$6,123$5,460$4,862$4,226
12 years$6,957$6,155$5,434$4,789$4,214$3,607
13 years$6,356$5,562$4,855$4,228$3,674$3,098
14 years$5,842$5,056$4,362$3,753$3,221$2,674
15 years$5,396$4,619$3,938$3,347$2,836$2,317
16 years$5,006$4,238$3,571$2,997$2,506$2,015
17 years$4,663$3,903$3,249$2,693$2,222$1,757
18 years$4,358$3,606$2,966$2,427$1,976$1,536
19 years$4,085$3,342$2,715$2,193$1,761$1,346
20 years$3,841$3,106$2,492$1,986$1,573$1,182
21 years$3,619$2,893$2,292$1,802$1,408$1,039
22 years$3,418$2,700$2,113$1,639$1,262$915
23 years$3,235$2,526$1,951$1,492$1,133$807
24 years$3,067$2,366$1,804$1,361$1,018$712
25 years$2,913$2,221$1,671$1,243$916$629
26 years$2,771$2,087$1,550$1,137$825$556
27 years$2,640$1,964$1,439$1,040$744$492
28 years$2,519$1,851$1,338$953$671$436
29 years$2,405$1,746$1,245$874$606$386
30 years$2,300$1,649$1,160$802$548$342
31 years$2,202$1,559$1,081$737$495$303
32 years$2,110$1,475$1,009$677$448$269
33 years$2,024$1,397$942$623$405$239
34 years$1,943$1,324$880$573$367$212
35 years$1,866$1,256$823$527$332$188
36 years$1,795$1,192$770$486$301$167
37 years$1,727$1,132$720$448$273$148
38 years$1,663$1,076$675$413$248$132
39 years$1,602$1,023$632$380$224$117
40 years$1,545$973$592$351$204$104
41 years$1,490$926$555$324$185$92
42 years$1,439$882$521$299$168$82
43 years$1,389$841$489$276$152$73
44 years$1,343$801$459$255$138$65
45 years$1,298$764$431$235$125$58
46 years$1,255$729$405$217$114$51
47 years$1,215$696$380$201$103$46
48 years$1,176$664$357$185$94$41
49 years$1,139$634$336$171$85$36
50 years$1,103$606$316$158$77$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,130,000, adding $4,972 every year, while hoping to spend $56,606 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: 55/30/15 Blend
52$1,130,000$1,130,000$1,130,000$1,130,000
53$1,250,389$1,190,499$1,172,984$1,313,963
54$1,317,700$1,188,605$1,152,050$1,355,875
55$1,389,980$1,184,721$1,128,518$1,394,958
56$1,467,675$1,178,690$1,102,241$1,436,226
57$1,551,277$1,170,344$1,073,065$1,479,900
58$1,641,324$1,159,508$1,040,830$1,526,228
59$1,738,408$1,145,993$1,005,366$1,575,483
60$1,843,179$1,129,600$966,500$1,627,968
61$1,956,352$1,110,119$924,046$1,684,023
62$2,078,711$1,087,326$877,812$1,744,024
63$2,211,119$1,060,984$827,599$1,808,387
64$2,354,525$1,030,844$773,195$1,877,576
65$2,509,971$996,640$714,382$1,952,106
66$2,678,604$958,091$650,929$2,032,549
67$2,861,685$914,901$582,599$2,119,539
68$3,060,601$866,756$509,140$2,213,777
69$3,276,877$813,322$430,292$2,316,046
70$3,512,193$754,249$345,781$2,427,208
71$3,768,395$689,166$255,323$2,548,224
72$4,047,515$617,679$158,620$2,680,154
73$4,351,790$539,373$55,362$2,824,176
74$4,683,681$453,811$0$2,981,594
75$5,045,898$360,528$0$3,162,628
76$5,441,421$259,036$0$3,370,126
77$5,873,534$148,817$0$3,597,047
78$6,345,851$29,326$0$3,845,408
79$6,862,351$0$0$4,117,439
80$7,427,414$0$0$4,448,620
81$8,045,864$0$0$4,821,789
82$8,723,014$0$0$5,230,483
83$9,464,711$0$0$5,678,244
84$10,277,398$0$0$6,168,977
85$11,168,168$0$0$6,706,978
86$12,144,835$0$0$7,296,981
87$13,216,004$0$0$7,944,201
88$14,391,152$0$0$8,654,378
89$15,680,720$0$0$9,433,840
90$17,096,206$0$0$10,289,554
91$18,650,278$0$0$11,229,194
92$20,356,887$0$0$12,261,216
93$22,231,406$0$0$13,394,933
94$24,290,767$0$0$14,640,607
95$26,553,623$0$0$16,009,540
96$29,040,523$0$0$17,514,185
97$31,774,108$0$0$19,168,262
98$34,779,320$0$0$20,986,885
99$38,083,637$0$0$22,986,706
100$41,717,334$0$0$25,186,073