Can I retire at age 53 with 1,150,000?

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 $1,150,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$94,966$94,120$93,295$92,489$91,703$90,221
2 years$47,013$46,137$45,289$44,466$43,668$42,179
3 years$31,031$30,151$29,305$28,490$27,705$26,255
4 years$23,041$22,164$21,326$20,525$19,759$18,360
5 years$18,248$17,377$16,550$15,765$15,021$13,676
6 years$15,055$14,190$13,375$12,608$11,885$10,597
7 years$12,774$11,916$11,115$10,365$9,666$8,434
8 years$11,064$10,215$9,426$8,695$8,019$6,843
9 years$9,735$8,894$8,119$7,407$6,753$5,633
10 years$8,673$7,839$7,078$6,384$5,754$4,688
11 years$7,804$6,979$6,231$5,556$4,949$3,937
12 years$7,081$6,264$5,530$4,874$4,288$3,329
13 years$6,469$5,661$4,941$4,303$3,739$2,831
14 years$5,945$5,145$4,439$3,820$3,278$2,419
15 years$5,491$4,700$4,008$3,406$2,886$2,075
16 years$5,095$4,313$3,634$3,050$2,551$1,785
17 years$4,745$3,972$3,307$2,740$2,262$1,541
18 years$4,435$3,670$3,019$2,470$2,011$1,333
19 years$4,158$3,401$2,763$2,232$1,792$1,155
20 years$3,908$3,161$2,536$2,021$1,601$1,003
21 years$3,683$2,944$2,333$1,834$1,433$872
22 years$3,479$2,748$2,150$1,668$1,284$759
23 years$3,292$2,570$1,985$1,519$1,153$662
24 years$3,122$2,408$1,836$1,385$1,036$577
25 years$2,965$2,260$1,700$1,265$932$504
26 years$2,820$2,124$1,577$1,157$840$440
27 years$2,687$1,999$1,464$1,059$757$385
28 years$2,563$1,884$1,361$970$683$337
29 years$2,448$1,777$1,267$890$617$295
30 years$2,341$1,678$1,180$816$557$258
31 years$2,241$1,586$1,100$750$504$226
32 years$2,147$1,501$1,026$689$456$198
33 years$2,059$1,422$958$634$413$173
34 years$1,977$1,347$895$583$374$152
35 years$1,900$1,278$837$537$338$133
36 years$1,826$1,213$783$494$307$117
37 years$1,758$1,152$733$455$278$102
38 years$1,692$1,095$686$420$252$90
39 years$1,631$1,041$643$387$228$79
40 years$1,572$990$603$357$207$69
41 years$1,517$943$565$329$188$61
42 years$1,464$898$530$304$171$53
43 years$1,414$856$498$281$155$47
44 years$1,366$816$467$259$141$41
45 years$1,321$778$439$239$128$36
46 years$1,278$742$412$221$116$32
47 years$1,236$708$387$204$105$28
48 years$1,197$676$364$189$96$24
49 years$1,159$645$342$174$87$21
50 years$1,123$617$321$161$79$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,150,000, adding $3,838 every year, while hoping to spend $35,910 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: 66/22/12 Blend
52$1,150,000$1,150,000$1,150,000$1,150,000
53$1,271,259$1,210,309$1,192,484$1,351,494
54$1,362,719$1,231,406$1,194,224$1,426,562
55$1,462,305$1,252,333$1,194,819$1,503,995
56$1,570,807$1,273,045$1,194,193$1,587,715
57$1,689,096$1,293,490$1,192,265$1,678,333
58$1,818,130$1,313,617$1,188,951$1,776,524
59$1,958,962$1,333,367$1,184,164$1,883,031
60$2,112,753$1,352,680$1,177,811$1,998,671
61$2,280,782$1,371,489$1,169,795$2,124,347
62$2,464,455$1,389,725$1,160,016$2,261,054
63$2,665,319$1,407,311$1,148,367$2,409,887
64$2,885,080$1,424,168$1,134,736$2,572,055
65$3,125,616$1,440,210$1,119,007$2,748,888
66$3,388,994$1,455,346$1,101,059$2,941,854
67$3,677,490$1,469,476$1,080,763$3,152,570
68$3,993,612$1,482,498$1,057,986$3,382,820
69$4,340,120$1,494,300$1,032,589$3,634,568
70$4,720,055$1,504,764$1,004,423$3,909,982
71$5,136,767$1,513,764$973,338$4,211,449
72$5,593,944$1,521,165$939,172$4,541,602
73$6,095,651$1,526,826$901,758$4,903,342
74$6,646,361$1,530,595$860,921$5,299,868
75$7,251,006$1,532,310$816,478$5,734,706
76$7,915,017$1,531,801$768,238$6,211,743
77$8,644,375$1,528,886$716,000$6,735,265
78$9,445,672$1,523,372$659,557$7,309,993
79$10,326,167$1,515,054$598,689$7,941,134
80$11,293,860$1,503,715$533,169$8,634,429
81$12,357,562$1,489,125$462,758$9,396,202
82$13,526,980$1,471,040$387,207$10,233,429
83$14,812,811$1,449,200$306,258$11,153,795
84$16,226,839$1,423,332$219,639$12,165,776
85$17,782,045$1,393,144$127,065$13,278,712
86$19,492,735$1,358,329$28,243$14,502,899
87$21,374,669$1,318,562$0$15,849,687
88$23,445,210$1,273,496$0$17,341,472
89$25,723,491$1,222,768$0$18,986,660
90$28,230,594$1,165,990$0$20,796,873
91$30,989,745$1,102,754$0$22,788,912
92$34,026,539$1,032,628$0$24,981,290
93$37,369,174$955,155$0$27,394,412
94$41,048,723$869,851$0$30,050,766
95$45,099,425$776,207$0$32,975,137
96$49,559,007$673,681$0$36,194,839
97$54,469,038$561,704$0$39,739,976
98$59,875,325$439,672$0$43,643,723
99$65,828,343$306,951$0$47,942,644
100$72,383,708$162,866$0$52,677,038