Can I retire at age 53 with 1,140,000?

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 $1,140,000?

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$94,140$93,302$92,483$91,685$90,905$88,528
2 years$46,604$45,736$44,895$44,079$43,288$40,909
3 years$30,761$29,889$29,050$28,242$27,464$25,158
4 years$22,841$21,972$21,141$20,347$19,587$17,372
5 years$18,090$17,226$16,406$15,628$14,890$12,771
6 years$14,924$14,066$13,259$12,498$11,782$9,762
7 years$12,663$11,813$11,018$10,275$9,582$7,661
8 years$10,968$10,126$9,344$8,620$7,949$6,126
9 years$9,651$8,816$8,048$7,342$6,694$4,968
10 years$8,597$7,771$7,017$6,329$5,704$4,071
11 years$7,736$6,918$6,177$5,508$4,906$3,365
12 years$7,019$6,209$5,482$4,831$4,251$2,799
13 years$6,413$5,612$4,898$4,265$3,707$2,341
14 years$5,893$5,101$4,401$3,786$3,250$1,967
15 years$5,444$4,660$3,973$3,377$2,861$1,658
16 years$5,051$4,275$3,602$3,023$2,529$1,402
17 years$4,704$3,937$3,278$2,717$2,242$1,188
18 years$4,397$3,638$2,992$2,448$1,994$1,009
19 years$4,122$3,372$2,739$2,212$1,777$859
20 years$3,874$3,133$2,514$2,004$1,587$731
21 years$3,651$2,918$2,313$1,818$1,420$624
22 years$3,448$2,724$2,131$1,653$1,273$533
23 years$3,264$2,548$1,968$1,506$1,143$455
24 years$3,094$2,387$1,820$1,373$1,027$390
25 years$2,939$2,240$1,686$1,254$924$333
26 years$2,796$2,106$1,563$1,147$833$285
27 years$2,664$1,982$1,452$1,050$751$245
28 years$2,541$1,867$1,350$962$677$210
29 years$2,427$1,762$1,256$882$612$180
30 years$2,321$1,664$1,170$809$553$154
31 years$2,221$1,573$1,091$743$500$132
32 years$2,129$1,488$1,018$683$452$113
33 years$2,042$1,409$950$628$409$97
34 years$1,960$1,336$888$578$370$84
35 years$1,883$1,267$830$532$335$72
36 years$1,811$1,202$776$490$304$62
37 years$1,742$1,142$727$451$275$53
38 years$1,678$1,085$681$416$250$45
39 years$1,616$1,032$638$384$226$39
40 years$1,559$982$598$354$205$33
41 years$1,504$935$560$327$186$29
42 years$1,451$890$526$301$169$25
43 years$1,402$848$493$278$153$21
44 years$1,354$808$463$257$139$18
45 years$1,309$771$435$237$126$16
46 years$1,267$735$408$219$115$13
47 years$1,226$702$384$202$104$12
48 years$1,186$670$360$187$95$10
49 years$1,149$640$339$173$86$9
50 years$1,113$611$319$160$78$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,140,000, adding $5,443 every year, while hoping to spend $30,351 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: 63/12/25 Blend
52$1,140,000$1,140,000$1,140,000$1,140,000
53$1,261,894$1,201,474$1,183,804$1,332,749
54$1,358,314$1,228,053$1,191,169$1,407,914
55$1,463,552$1,254,918$1,197,762$1,486,142
56$1,578,475$1,282,049$1,203,528$1,570,915
57$1,704,037$1,309,427$1,208,404$1,662,879
58$1,841,290$1,337,031$1,212,327$1,762,745
59$1,991,392$1,364,835$1,215,230$1,871,295
60$2,155,616$1,392,814$1,217,042$1,989,392
61$2,335,365$1,420,939$1,217,690$2,117,989
62$2,532,185$1,449,177$1,217,095$2,258,134
63$2,747,778$1,477,496$1,215,177$2,410,982
64$2,984,015$1,505,858$1,211,850$2,577,809
65$3,242,962$1,534,222$1,207,024$2,760,018
66$3,526,891$1,562,546$1,200,606$2,959,158
67$3,838,304$1,590,781$1,192,497$3,176,934
68$4,179,959$1,618,878$1,182,593$3,415,230
69$4,554,893$1,646,780$1,170,788$3,676,117
70$4,966,450$1,674,431$1,156,968$3,961,881
71$5,418,315$1,701,765$1,141,013$4,275,043
72$5,914,547$1,728,715$1,122,801$4,618,379
73$6,459,617$1,755,209$1,102,201$4,994,951
74$7,058,451$1,781,166$1,079,077$5,408,134
75$7,716,474$1,806,504$1,053,287$5,861,648
76$8,439,664$1,831,133$1,024,682$6,359,592
77$9,234,606$1,854,955$993,106$6,906,488
78$10,108,558$1,877,869$958,396$7,507,316
79$11,069,510$1,899,765$920,382$8,167,570
80$12,126,272$1,920,525$878,886$8,893,302
81$13,288,544$1,940,023$833,722$9,691,185
82$14,567,018$1,958,127$784,694$10,568,575
83$15,973,473$1,974,694$731,600$11,533,577
84$17,520,885$1,989,572$674,227$12,595,129
85$19,223,554$2,002,599$612,352$13,763,080
86$21,097,235$2,013,605$545,744$15,048,286
87$23,159,286$2,022,405$474,160$16,462,714
88$25,428,837$2,028,806$397,348$18,019,553
89$27,926,961$2,032,601$315,042$19,733,342
90$30,676,882$2,033,570$226,967$21,620,104
91$33,704,189$2,031,479$132,835$23,697,502
92$37,037,076$2,026,081$32,344$25,985,000
93$40,706,611$2,017,113$0$28,504,054
94$44,747,030$2,004,296$0$31,298,291
95$49,196,054$1,987,334$0$34,384,303
96$54,095,251$1,965,912$0$37,782,271
97$59,490,424$1,939,699$0$41,523,950
98$65,432,044$1,908,341$0$45,644,338
99$71,975,727$1,871,465$0$50,181,998
100$79,182,760$1,828,675$0$55,179,427