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%11.9%
1 years$94,966$94,120$93,295$92,489$91,703$90,972
2 years$47,013$46,137$45,289$44,466$43,668$42,932
3 years$31,031$30,151$29,305$28,490$27,705$26,985
4 years$23,041$22,164$21,326$20,525$19,759$19,062
5 years$18,248$17,377$16,550$15,765$15,021$14,348
6 years$15,055$14,190$13,375$12,608$11,885$11,238
7 years$12,774$11,916$11,115$10,365$9,666$9,045
8 years$11,064$10,215$9,426$8,695$8,019$7,423
9 years$9,735$8,894$8,119$7,407$6,753$6,183
10 years$8,673$7,839$7,078$6,384$5,754$5,209
11 years$7,804$6,979$6,231$5,556$4,949$4,429
12 years$7,081$6,264$5,530$4,874$4,288$3,793
13 years$6,469$5,661$4,941$4,303$3,739$3,268
14 years$5,945$5,145$4,439$3,820$3,278$2,829
15 years$5,491$4,700$4,008$3,406$2,886$2,460
16 years$5,095$4,313$3,634$3,050$2,551$2,147
17 years$4,745$3,972$3,307$2,740$2,262$1,879
18 years$4,435$3,670$3,019$2,470$2,011$1,648
19 years$4,158$3,401$2,763$2,232$1,792$1,450
20 years$3,908$3,161$2,536$2,021$1,601$1,277
21 years$3,683$2,944$2,333$1,834$1,433$1,127
22 years$3,479$2,748$2,150$1,668$1,284$996
23 years$3,292$2,570$1,985$1,519$1,153$882
24 years$3,122$2,408$1,836$1,385$1,036$781
25 years$2,965$2,260$1,700$1,265$932$693
26 years$2,820$2,124$1,577$1,157$840$615
27 years$2,687$1,999$1,464$1,059$757$546
28 years$2,563$1,884$1,361$970$683$486
29 years$2,448$1,777$1,267$890$617$432
30 years$2,341$1,678$1,180$816$557$384
31 years$2,241$1,586$1,100$750$504$342
32 years$2,147$1,501$1,026$689$456$305
33 years$2,059$1,422$958$634$413$272
34 years$1,977$1,347$895$583$374$242
35 years$1,900$1,278$837$537$338$216
36 years$1,826$1,213$783$494$307$192
37 years$1,758$1,152$733$455$278$172
38 years$1,692$1,095$686$420$252$153
39 years$1,631$1,041$643$387$228$137
40 years$1,572$990$603$357$207$122
41 years$1,517$943$565$329$188$109
42 years$1,464$898$530$304$171$97
43 years$1,414$856$498$281$155$87
44 years$1,366$816$467$259$141$77
45 years$1,321$778$439$239$128$69
46 years$1,278$742$412$221$116$62
47 years$1,236$708$387$204$105$55
48 years$1,197$676$364$189$96$49
49 years$1,159$645$342$174$87$44
50 years$1,123$617$321$161$79$39

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 $6,702 every year, while hoping to spend $52,111 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: 62/26/12 Blend
52$1,150,000$1,150,000$1,150,000$1,150,000
53$1,274,213$1,213,263$1,195,438$1,349,204
54$1,348,737$1,217,267$1,180,040$1,404,293
55$1,429,116$1,219,721$1,162,379$1,457,830
56$1,515,892$1,220,494$1,142,325$1,514,986
57$1,609,661$1,219,446$1,119,740$1,576,115
58$1,711,078$1,216,430$1,094,483$1,641,605
59$1,820,861$1,211,289$1,066,402$1,711,887
60$1,939,803$1,203,856$1,035,340$1,787,437
61$2,068,774$1,193,956$1,001,135$1,868,781
62$2,208,730$1,181,400$963,614$1,956,499
63$2,360,722$1,165,991$922,597$2,051,236
64$2,525,909$1,147,518$877,897$2,153,701
65$2,705,564$1,125,758$829,318$2,264,680
66$2,901,086$1,100,475$776,656$2,385,038
67$3,114,018$1,071,419$719,695$2,515,735
68$3,346,055$1,038,326$658,212$2,657,830
69$3,599,064$1,000,915$591,973$2,812,493
70$3,875,098$958,890$520,734$2,981,017
71$4,176,419$911,937$444,240$3,164,828
72$4,505,516$859,724$362,224$3,365,505
73$4,865,129$801,900$274,408$3,584,789
74$5,258,273$738,095$180,502$3,824,604
75$5,688,271$667,915$80,203$4,087,076
76$6,158,779$590,947$0$4,374,550
77$6,673,823$506,752$0$4,693,053
78$7,237,837$414,867$0$5,053,193
79$7,855,704$314,803$0$5,447,891
80$8,532,801$206,044$0$5,880,681
81$9,275,050$88,044$0$6,355,460
82$10,088,974$0$0$6,876,526
83$10,981,756$0$0$7,460,002
84$11,961,308$0$0$8,127,912
85$13,036,346$0$0$8,861,018
86$14,216,470$0$0$9,665,879
87$15,512,254$0$0$10,549,718
88$16,935,349$0$0$11,520,494
89$18,498,585$0$0$12,586,971
90$20,216,101$0$0$13,758,809
91$22,103,469$0$0$15,046,644
92$24,177,846$0$0$16,462,199
93$26,458,134$0$0$18,018,385
94$28,965,157$0$0$19,729,429
95$31,721,857$0$0$21,611,004
96$34,753,512$0$0$23,680,379
97$38,087,971$0$0$25,956,579
98$41,755,917$0$0$28,460,567
99$45,791,157$0$0$31,215,439
100$50,230,940$0$0$34,246,643