Can I retire at age 53 with 1,170,000?

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 $1,170,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$96,618$95,757$94,917$94,098$93,297$90,674
2 years$47,830$46,940$46,076$45,239$44,427$41,805
3 years$31,570$30,676$29,814$28,985$28,187$25,646
4 years$23,442$22,550$21,697$20,882$20,103$17,665
5 years$18,566$17,679$16,838$16,040$15,282$12,952
6 years$15,316$14,436$13,608$12,827$12,092$9,873
7 years$12,996$12,124$11,308$10,546$9,834$7,726
8 years$11,257$10,392$9,590$8,847$8,158$6,160
9 years$9,905$9,048$8,260$7,535$6,870$4,980
10 years$8,824$7,976$7,201$6,496$5,854$4,069
11 years$7,940$7,100$6,340$5,653$5,035$3,352
12 years$7,204$6,373$5,626$4,958$4,363$2,780
13 years$6,581$5,759$5,027$4,378$3,805$2,317
14 years$6,048$5,235$4,517$3,886$3,335$1,940
15 years$5,587$4,782$4,078$3,466$2,936$1,629
16 years$5,184$4,388$3,697$3,103$2,595$1,373
17 years$4,828$4,041$3,364$2,788$2,301$1,159
18 years$4,512$3,734$3,071$2,513$2,046$981
19 years$4,230$3,461$2,812$2,270$1,824$831
20 years$3,976$3,216$2,580$2,056$1,629$706
21 years$3,747$2,995$2,373$1,866$1,458$600
22 years$3,539$2,796$2,187$1,697$1,307$510
23 years$3,350$2,615$2,020$1,545$1,173$434
24 years$3,176$2,450$1,868$1,409$1,054$370
25 years$3,016$2,299$1,730$1,287$949$315
26 years$2,869$2,161$1,605$1,177$855$269
27 years$2,734$2,034$1,490$1,077$770$230
28 years$2,608$1,916$1,385$987$695$196
29 years$2,491$1,808$1,289$905$628$167
30 years$2,382$1,707$1,201$831$567$143
31 years$2,280$1,614$1,119$763$513$122
32 years$2,185$1,527$1,044$701$464$104
33 years$2,095$1,446$975$645$420$89
34 years$2,011$1,371$911$593$380$76
35 years$1,933$1,300$852$546$344$65
36 years$1,858$1,234$797$503$312$56
37 years$1,788$1,172$746$463$283$48
38 years$1,722$1,114$698$427$256$41
39 years$1,659$1,059$654$394$232$35
40 years$1,600$1,008$613$363$211$30
41 years$1,543$959$575$335$191$25
42 years$1,490$914$539$309$174$22
43 years$1,439$870$506$286$157$19
44 years$1,390$830$475$264$143$16
45 years$1,344$791$446$243$130$14
46 years$1,300$755$419$225$118$12
47 years$1,258$720$394$208$107$10
48 years$1,218$688$370$192$97$9
49 years$1,179$657$348$177$88$7
50 years$1,142$627$327$164$80$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,170,000, adding $4,120 every year, while hoping to spend $37,543 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: 49/29/22 Blend
52$1,170,000$1,170,000$1,170,000$1,170,000
53$1,293,590$1,231,580$1,213,445$1,348,768
54$1,385,590$1,251,982$1,214,150$1,407,976
55$1,485,717$1,272,125$1,213,620$1,468,140
56$1,594,758$1,291,958$1,211,775$1,532,727
57$1,713,583$1,311,423$1,208,529$1,602,169
58$1,843,147$1,330,461$1,203,793$1,676,945
59$1,984,503$1,349,008$1,197,474$1,757,581
60$2,138,807$1,366,994$1,189,474$1,844,660
61$2,307,334$1,384,346$1,179,691$1,938,824
62$2,491,488$1,400,985$1,168,016$2,040,782
63$2,692,813$1,416,826$1,154,338$2,151,318
64$2,913,009$1,431,780$1,138,538$2,271,296
65$3,153,950$1,445,751$1,120,493$2,401,669
66$3,417,697$1,458,637$1,100,073$2,543,491
67$3,706,520$1,470,329$1,077,144$2,697,924
68$4,022,921$1,480,710$1,051,564$2,866,250
69$4,369,651$1,489,658$1,023,184$3,049,886
70$4,749,745$1,497,040$991,850$3,250,394
71$5,166,542$1,502,718$957,399$3,469,498
72$5,623,720$1,506,542$919,663$3,709,100
73$6,125,331$1,508,354$878,463$3,971,301
74$6,675,838$1,507,986$833,615$4,258,418
75$7,280,157$1,505,261$784,925$4,573,006
76$7,943,703$1,499,990$732,190$4,917,886
77$8,672,442$1,491,970$675,199$5,296,171
78$9,472,944$1,480,989$613,731$5,711,293
79$10,352,448$1,466,822$547,555$6,167,041
80$11,318,930$1,449,228$476,431$6,667,594
81$12,381,174$1,427,954$400,105$7,217,560
82$13,548,861$1,402,731$318,315$7,822,026
83$14,832,653$1,373,273$230,787$8,486,600
84$16,244,299$1,339,279$137,233$9,217,469
85$17,796,742$1,300,428$37,355$10,021,458
86$19,504,243$1,256,383$0$10,906,093
87$21,382,515$1,206,784$0$11,895,927
88$23,448,869$1,151,254$0$12,994,278
89$25,722,380$1,089,391$0$14,202,546
90$28,224,063$1,020,772$0$15,531,949
91$30,977,074$944,946$0$16,994,855
92$34,006,928$861,442$0$18,604,895
93$37,341,739$769,756$0$20,377,098
94$41,012,483$669,361$0$22,328,027
95$45,053,292$559,695$0$24,475,944
96$49,501,776$440,168$0$26,840,976
97$54,399,376$310,156$0$29,445,310
98$59,791,757$168,998$0$32,313,402
99$65,729,235$15,998$0$35,472,210
100$72,267,256$0$0$38,951,448