Can I retire at age 53 with 1,160,000?

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 $1,160,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$95,792$94,938$94,106$93,293$92,500$90,118
2 years$47,422$46,538$45,683$44,853$44,048$41,663
3 years$31,300$30,413$29,560$28,738$27,946$25,634
4 years$23,241$22,357$21,512$20,704$19,931$17,710
5 years$18,407$17,528$16,694$15,902$15,151$13,026
6 years$15,185$14,313$13,491$12,717$11,989$9,962
7 years$12,885$12,020$11,211$10,456$9,750$7,823
8 years$11,161$10,303$9,508$8,771$8,089$6,259
9 years$9,820$8,971$8,189$7,471$6,812$5,079
10 years$8,748$7,908$7,140$6,440$5,804$4,165
11 years$7,872$7,040$6,286$5,605$4,992$3,444
12 years$7,142$6,318$5,578$4,916$4,326$2,867
13 years$6,525$5,710$4,984$4,340$3,772$2,400
14 years$5,997$5,190$4,478$3,853$3,307$2,017
15 years$5,539$4,741$4,043$3,436$2,911$1,702
16 years$5,139$4,350$3,666$3,077$2,573$1,440
17 years$4,787$4,006$3,336$2,764$2,281$1,221
18 years$4,474$3,702$3,045$2,491$2,029$1,038
19 years$4,194$3,431$2,788$2,251$1,808$884
20 years$3,942$3,188$2,558$2,039$1,615$754
21 years$3,715$2,970$2,353$1,850$1,445$643
22 years$3,509$2,772$2,169$1,682$1,295$550
23 years$3,321$2,593$2,002$1,532$1,163$470
24 years$3,149$2,429$1,852$1,397$1,045$403
25 years$2,991$2,280$1,715$1,276$941$345
26 years$2,845$2,143$1,591$1,167$847$296
27 years$2,710$2,016$1,477$1,068$764$253
28 years$2,585$1,900$1,373$979$689$217
29 years$2,469$1,792$1,278$897$622$186
30 years$2,361$1,693$1,190$824$562$160
31 years$2,260$1,600$1,110$756$508$137
32 years$2,166$1,514$1,035$695$460$118
33 years$2,077$1,434$967$639$416$101
34 years$1,994$1,359$903$588$377$87
35 years$1,916$1,289$844$541$341$75
36 years$1,842$1,223$790$499$309$64
37 years$1,773$1,162$739$459$280$55
38 years$1,707$1,104$692$423$254$47
39 years$1,645$1,050$649$390$230$41
40 years$1,586$999$608$360$209$35
41 years$1,530$951$570$332$190$30
42 years$1,477$906$535$307$172$26
43 years$1,426$863$502$283$156$22
44 years$1,378$823$471$261$142$19
45 years$1,332$784$442$241$129$16
46 years$1,289$748$415$223$117$14
47 years$1,247$714$390$206$106$12
48 years$1,207$682$367$190$96$10
49 years$1,169$651$345$176$87$9
50 years$1,133$622$324$163$79$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,160,000, adding $4,415 every year, while hoping to spend $54,555 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: 41/46/13 Blend
52$1,160,000$1,160,000$1,160,000$1,160,000
53$1,282,874$1,221,394$1,203,414$1,330,371
54$1,355,681$1,223,196$1,185,682$1,366,056
55$1,434,086$1,223,258$1,165,528$1,398,929
56$1,518,602$1,221,437$1,142,813$1,433,314
57$1,609,794$1,217,582$1,117,391$1,469,373
58$1,708,280$1,211,531$1,089,111$1,507,290
59$1,814,742$1,203,113$1,057,813$1,547,267
60$1,929,927$1,192,147$1,023,332$1,589,533
61$2,054,660$1,178,442$985,493$1,634,344
62$2,189,843$1,161,794$944,115$1,681,985
63$2,336,471$1,141,986$899,008$1,732,778
64$2,495,639$1,118,791$849,972$1,787,078
65$2,668,548$1,091,966$796,800$1,845,285
66$2,856,522$1,061,254$739,275$1,907,844
67$3,061,017$1,026,385$677,170$1,975,251
68$3,283,633$987,071$610,248$2,048,060
69$3,526,134$943,008$538,262$2,126,886
70$3,790,458$893,874$460,952$2,212,417
71$4,078,741$839,329$378,050$2,305,417
72$4,393,330$779,014$289,272$2,406,736
73$4,736,812$712,548$194,325$2,517,318
74$5,112,033$639,529$92,901$2,638,215
75$5,522,126$559,532$0$2,770,596
76$5,970,543$472,108$0$2,917,884
77$6,461,080$376,783$0$3,093,282
78$6,997,920$273,056$0$3,285,540
79$7,585,669$160,397$0$3,496,482
80$8,229,399$38,248$0$3,728,129
81$8,934,693$0$0$3,982,720
82$9,707,703$0$0$4,310,306
83$10,555,203$0$0$4,690,834
84$11,484,653$0$0$5,108,315
85$12,504,272$0$0$5,566,457
86$13,623,108$0$0$6,069,349
87$14,851,134$0$0$6,621,491
88$16,199,330$0$0$7,227,843
89$17,679,793$0$0$7,893,869
90$19,305,849$0$0$8,625,586
91$21,092,179$0$0$9,429,625
92$23,054,954$0$0$10,313,288
93$25,211,991$0$0$11,284,623
94$27,582,916$0$0$12,352,495
95$30,189,354$0$0$13,526,670
96$33,055,128$0$0$14,817,909
97$36,206,483$0$0$16,238,067
98$39,672,339$0$0$17,800,207
99$43,484,555$0$0$19,518,719
100$47,678,234$0$0$21,409,460