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

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 $1,130,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$93,314$92,483$91,672$90,881$90,108$88,144
2 years$46,195$45,335$44,501$43,693$42,908$40,940
3 years$30,491$29,627$28,795$27,994$27,223$25,311
4 years$22,640$21,779$20,955$20,168$19,416$17,575
5 years$17,931$17,075$16,262$15,491$14,759$12,996
6 years$14,793$13,943$13,142$12,388$11,679$9,993
7 years$12,552$11,709$10,921$10,185$9,498$7,891
8 years$10,872$10,037$9,262$8,544$7,879$6,351
9 years$9,566$8,739$7,978$7,278$6,636$5,184
10 years$8,522$7,703$6,955$6,273$5,654$4,278
11 years$7,668$6,858$6,123$5,460$4,862$3,561
12 years$6,957$6,155$5,434$4,789$4,214$2,984
13 years$6,356$5,562$4,855$4,228$3,674$2,514
14 years$5,842$5,056$4,362$3,753$3,221$2,128
15 years$5,396$4,619$3,938$3,347$2,836$1,807
16 years$5,006$4,238$3,571$2,997$2,506$1,540
17 years$4,663$3,903$3,249$2,693$2,222$1,316
18 years$4,358$3,606$2,966$2,427$1,976$1,127
19 years$4,085$3,342$2,715$2,193$1,761$966
20 years$3,841$3,106$2,492$1,986$1,573$830
21 years$3,619$2,893$2,292$1,802$1,408$714
22 years$3,418$2,700$2,113$1,639$1,262$615
23 years$3,235$2,526$1,951$1,492$1,133$530
24 years$3,067$2,366$1,804$1,361$1,018$458
25 years$2,913$2,221$1,671$1,243$916$395
26 years$2,771$2,087$1,550$1,137$825$341
27 years$2,640$1,964$1,439$1,040$744$295
28 years$2,519$1,851$1,338$953$671$255
29 years$2,405$1,746$1,245$874$606$221
30 years$2,300$1,649$1,160$802$548$191
31 years$2,202$1,559$1,081$737$495$165
32 years$2,110$1,475$1,009$677$448$143
33 years$2,024$1,397$942$623$405$124
34 years$1,943$1,324$880$573$367$107
35 years$1,866$1,256$823$527$332$93
36 years$1,795$1,192$770$486$301$81
37 years$1,727$1,132$720$448$273$70
38 years$1,663$1,076$675$413$248$61
39 years$1,602$1,023$632$380$224$53
40 years$1,545$973$592$351$204$46
41 years$1,490$926$555$324$185$39
42 years$1,439$882$521$299$168$34
43 years$1,389$841$489$276$152$30
44 years$1,343$801$459$255$138$26
45 years$1,298$764$431$235$125$22
46 years$1,255$729$405$217$114$19
47 years$1,215$696$380$201$103$17
48 years$1,176$664$357$185$94$15
49 years$1,139$634$336$171$85$13
50 years$1,103$606$316$158$77$11

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 $4,538 every year, while hoping to spend $37,521 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: 35/44/21 Blend
52$1,130,000$1,130,000$1,130,000$1,130,000
53$1,249,941$1,190,051$1,172,536$1,285,563
54$1,337,513$1,208,441$1,171,894$1,330,556
55$1,432,760$1,226,475$1,169,973$1,375,280
56$1,536,424$1,244,096$1,166,690$1,422,767
57$1,649,325$1,261,242$1,161,959$1,473,286
58$1,772,361$1,277,848$1,155,690$1,527,134
59$1,906,523$1,293,844$1,147,787$1,584,640
60$2,052,902$1,309,155$1,138,151$1,646,168
61$2,212,696$1,323,702$1,126,677$1,712,122
62$2,387,226$1,337,399$1,113,257$1,782,948
63$2,577,948$1,350,156$1,097,775$1,859,141
64$2,786,460$1,361,875$1,080,112$1,941,247
65$3,014,526$1,372,453$1,060,142$2,029,871
66$3,264,085$1,381,782$1,037,735$2,125,682
67$3,537,275$1,389,742$1,012,753$2,229,421
68$3,836,449$1,396,211$985,051$2,341,907
69$4,164,197$1,401,056$954,481$2,464,045
70$4,523,372$1,404,135$920,883$2,596,837
71$4,917,119$1,405,300$884,095$2,741,391
72$5,348,896$1,404,391$843,944$2,898,931
73$5,822,517$1,401,240$800,250$3,070,811
74$6,342,181$1,395,668$752,825$3,258,526
75$6,912,512$1,387,484$701,473$3,463,731
76$7,538,605$1,376,487$645,989$3,688,252
77$8,226,071$1,362,464$586,159$3,934,110
78$8,981,093$1,345,187$521,757$4,203,535
79$9,810,479$1,324,416$452,551$4,498,992
80$10,721,733$1,299,897$378,296$4,823,205
81$11,723,117$1,271,360$298,737$5,179,182
82$12,823,738$1,238,519$213,607$5,570,244
83$14,033,625$1,201,072$122,629$6,000,060
84$15,363,829$1,158,699$25,511$6,472,683
85$16,826,526$1,111,061$0$6,992,587
86$18,435,128$1,057,800$0$7,582,217
87$20,204,415$998,537$0$8,236,759
88$22,150,671$932,870$0$8,956,586
89$24,291,834$860,375$0$9,748,421
90$26,647,672$780,605$0$10,619,680
91$29,239,966$693,086$0$11,578,545
92$32,092,711$597,316$0$12,634,041
93$35,232,350$492,767$0$13,796,120
94$38,688,017$378,880$0$15,075,761
95$42,491,814$255,064$0$16,485,073
96$46,679,114$120,696$0$18,037,410
97$51,288,891$0$0$19,747,502
98$56,364,094$0$0$21,643,638
99$61,952,045$0$0$23,795,887
100$68,104,890$0$0$26,165,920