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%18.1%
1 years$94,966$94,120$93,295$92,489$91,703$88,696
2 years$47,013$46,137$45,289$44,466$43,668$40,668
3 years$31,031$30,151$29,305$28,490$27,705$24,805
4 years$23,041$22,164$21,326$20,525$19,759$16,982
5 years$18,248$17,377$16,550$15,765$15,021$12,373
6 years$15,055$14,190$13,375$12,608$11,885$9,370
7 years$12,774$11,916$11,115$10,365$9,666$7,283
8 years$11,064$10,215$9,426$8,695$8,019$5,766
9 years$9,735$8,894$8,119$7,407$6,753$4,627
10 years$8,673$7,839$7,078$6,384$5,754$3,752
11 years$7,804$6,979$6,231$5,556$4,949$3,067
12 years$7,081$6,264$5,530$4,874$4,288$2,523
13 years$6,469$5,661$4,941$4,303$3,739$2,086
14 years$5,945$5,145$4,439$3,820$3,278$1,732
15 years$5,491$4,700$4,008$3,406$2,886$1,443
16 years$5,095$4,313$3,634$3,050$2,551$1,205
17 years$4,745$3,972$3,307$2,740$2,262$1,009
18 years$4,435$3,670$3,019$2,470$2,011$846
19 years$4,158$3,401$2,763$2,232$1,792$711
20 years$3,908$3,161$2,536$2,021$1,601$598
21 years$3,683$2,944$2,333$1,834$1,433$503
22 years$3,479$2,748$2,150$1,668$1,284$424
23 years$3,292$2,570$1,985$1,519$1,153$358
24 years$3,122$2,408$1,836$1,385$1,036$302
25 years$2,965$2,260$1,700$1,265$932$255
26 years$2,820$2,124$1,577$1,157$840$215
27 years$2,687$1,999$1,464$1,059$757$182
28 years$2,563$1,884$1,361$970$683$154
29 years$2,448$1,777$1,267$890$617$130
30 years$2,341$1,678$1,180$816$557$110
31 years$2,241$1,586$1,100$750$504$93
32 years$2,147$1,501$1,026$689$456$79
33 years$2,059$1,422$958$634$413$67
34 years$1,977$1,347$895$583$374$56
35 years$1,900$1,278$837$537$338$48
36 years$1,826$1,213$783$494$307$40
37 years$1,758$1,152$733$455$278$34
38 years$1,692$1,095$686$420$252$29
39 years$1,631$1,041$643$387$228$24
40 years$1,572$990$603$357$207$21
41 years$1,517$943$565$329$188$18
42 years$1,464$898$530$304$171$15
43 years$1,414$856$498$281$155$13
44 years$1,366$816$467$259$141$11
45 years$1,321$778$439$239$128$9
46 years$1,278$742$412$221$116$8
47 years$1,236$708$387$204$105$6
48 years$1,197$676$364$189$96$5
49 years$1,159$645$342$174$87$5
50 years$1,123$617$321$161$79$4

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 $4,523 every year, while hoping to spend $27,586 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: 56/19/25 Blend
52$1,150,000$1,150,000$1,150,000$1,150,000
53$1,271,965$1,211,015$1,193,190$1,334,264
54$1,372,355$1,241,004$1,203,811$1,407,482
55$1,482,059$1,271,537$1,213,863$1,483,935
56$1,601,999$1,302,613$1,223,298$1,566,655
57$1,733,190$1,334,228$1,232,065$1,656,256
58$1,876,748$1,366,377$1,240,111$1,753,410
59$2,033,901$1,399,055$1,247,380$1,858,862
60$2,206,005$1,432,254$1,253,813$1,973,431
61$2,394,549$1,465,967$1,259,348$2,098,018
62$2,601,176$1,500,182$1,263,919$2,233,618
63$2,827,695$1,534,890$1,267,459$2,381,328
64$3,076,096$1,570,075$1,269,895$2,542,355
65$3,348,573$1,605,724$1,271,152$2,718,030
66$3,647,542$1,641,820$1,271,150$2,909,821
67$3,975,665$1,678,342$1,269,807$3,119,345
68$4,335,872$1,715,271$1,267,035$3,348,384
69$4,731,394$1,752,581$1,262,744$3,598,902
70$5,165,786$1,790,248$1,256,836$3,873,066
71$5,642,968$1,828,242$1,249,211$4,173,260
72$6,167,256$1,866,531$1,239,765$4,502,117
73$6,743,406$1,905,080$1,228,387$4,862,534
74$7,376,656$1,943,852$1,214,960$5,257,709
75$8,072,778$1,982,804$1,199,365$5,691,163
76$8,838,132$2,021,892$1,181,474$6,166,778
77$9,679,722$2,061,066$1,161,154$6,688,835
78$10,605,268$2,100,272$1,138,267$7,262,050
79$11,623,273$2,139,453$1,112,667$7,891,622
80$12,743,108$2,178,547$1,084,202$8,583,281
81$13,975,094$2,217,485$1,052,712$9,343,344
82$15,330,607$2,256,196$1,018,032$10,178,773
83$16,822,180$2,294,600$979,986$11,097,241
84$18,463,619$2,332,612$938,393$12,107,206
85$20,270,142$2,370,144$893,062$13,217,991
86$22,258,511$2,407,096$843,795$14,439,870
87$24,447,200$2,443,364$790,383$15,784,168
88$26,856,562$2,478,837$732,608$17,263,369
89$29,509,026$2,513,394$670,245$18,891,230
90$32,429,303$2,546,906$603,054$20,682,915
91$35,644,624$2,579,237$530,789$22,655,138
92$39,184,995$2,610,240$453,190$24,826,319
93$43,083,480$2,639,757$369,988$27,216,763
94$47,376,512$2,667,621$280,898$29,848,845
95$52,104,235$2,693,654$185,628$32,747,230
96$57,310,889$2,717,665$83,869$35,939,101
97$63,045,221$2,739,452$0$39,454,416
98$69,360,946$2,758,797$0$43,332,793
99$76,317,256$2,775,472$0$47,628,330
100$83,979,376$2,789,230$0$52,358,834