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

Use the below retirement simulation to view the chances of a successful retirement.
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%19.6%
1 years$96,618$95,757$94,917$94,098$93,297$89,702
2 years$47,830$46,940$46,076$45,239$44,427$40,848
3 years$31,570$30,676$29,814$28,985$28,187$24,736
4 years$23,442$22,550$21,697$20,882$20,103$16,807
5 years$18,566$17,679$16,838$16,040$15,282$12,149
6 years$15,316$14,436$13,608$12,827$12,092$9,125
7 years$12,996$12,124$11,308$10,546$9,834$7,032
8 years$11,257$10,392$9,590$8,847$8,158$5,518
9 years$9,905$9,048$8,260$7,535$6,870$4,388
10 years$8,824$7,976$7,201$6,496$5,854$3,524
11 years$7,940$7,100$6,340$5,653$5,035$2,853
12 years$7,204$6,373$5,626$4,958$4,363$2,324
13 years$6,581$5,759$5,027$4,378$3,805$1,902
14 years$6,048$5,235$4,517$3,886$3,335$1,562
15 years$5,587$4,782$4,078$3,466$2,936$1,288
16 years$5,184$4,388$3,697$3,103$2,595$1,064
17 years$4,828$4,041$3,364$2,788$2,301$881
18 years$4,512$3,734$3,071$2,513$2,046$730
19 years$4,230$3,461$2,812$2,270$1,824$607
20 years$3,976$3,216$2,580$2,056$1,629$504
21 years$3,747$2,995$2,373$1,866$1,458$420
22 years$3,539$2,796$2,187$1,697$1,307$350
23 years$3,350$2,615$2,020$1,545$1,173$291
24 years$3,176$2,450$1,868$1,409$1,054$243
25 years$3,016$2,299$1,730$1,287$949$203
26 years$2,869$2,161$1,605$1,177$855$169
27 years$2,734$2,034$1,490$1,077$770$141
28 years$2,608$1,916$1,385$987$695$118
29 years$2,491$1,808$1,289$905$628$98
30 years$2,382$1,707$1,201$831$567$82
31 years$2,280$1,614$1,119$763$513$69
32 years$2,185$1,527$1,044$701$464$57
33 years$2,095$1,446$975$645$420$48
34 years$2,011$1,371$911$593$380$40
35 years$1,933$1,300$852$546$344$34
36 years$1,858$1,234$797$503$312$28
37 years$1,788$1,172$746$463$283$23
38 years$1,722$1,114$698$427$256$20
39 years$1,659$1,059$654$394$232$16
40 years$1,600$1,008$613$363$211$14
41 years$1,543$959$575$335$191$11
42 years$1,490$914$539$309$174$10
43 years$1,439$870$506$286$157$8
44 years$1,390$830$475$264$143$7
45 years$1,344$791$446$243$130$6
46 years$1,300$755$419$225$118$5
47 years$1,258$720$394$208$107$4
48 years$1,218$688$370$192$97$3
49 years$1,179$657$348$177$88$3
50 years$1,142$627$327$164$80$2

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 $3,214 every year, while hoping to spend $59,013 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: 36/46/18 Blend
52$1,170,000$1,170,000$1,170,000$1,170,000
53$1,292,655$1,230,645$1,212,510$1,332,005
54$1,361,717$1,228,157$1,190,340$1,358,394
55$1,435,845$1,223,570$1,165,449$1,381,087
56$1,515,493$1,216,717$1,137,684$1,404,347
57$1,601,162$1,207,425$1,106,885$1,428,257
58$1,693,398$1,195,506$1,072,883$1,452,914
59$1,792,803$1,180,764$1,035,503$1,478,428
60$1,900,037$1,162,990$994,561$1,504,928
61$2,015,827$1,141,963$949,865$1,532,559
62$2,140,971$1,117,448$901,214$1,561,486
63$2,276,344$1,089,197$848,399$1,591,899
64$2,422,910$1,056,947$791,200$1,624,013
65$2,581,729$1,020,420$729,387$1,658,071
66$2,753,966$979,321$662,722$1,694,349
67$2,940,901$933,338$590,954$1,733,158
68$3,143,944$882,142$513,821$1,774,849
69$3,364,643$825,385$431,052$1,819,819
70$3,604,705$762,697$342,360$1,868,513
71$3,866,004$693,688$247,448$1,921,432
72$4,150,604$617,947$146,006$1,979,138
73$4,460,778$535,038$37,709$2,042,262
74$4,799,023$444,501$0$2,111,511
75$5,168,092$345,850$0$2,202,631
76$5,571,012$238,572$0$2,310,254
77$6,011,118$122,124$0$2,428,189
78$6,492,077$0$0$2,557,616
79$7,017,931$0$0$2,701,904
80$7,593,127$0$0$2,927,505
81$8,222,564$0$0$3,174,542
82$8,911,633$0$0$3,445,153
83$9,666,274$0$0$3,741,691
84$10,493,027$0$0$4,066,747
85$11,399,093$0$0$4,423,176
86$12,392,405$0$0$4,814,122
87$13,481,699$0$0$5,243,048
88$14,676,597$0$0$5,713,767
89$15,987,697$0$0$6,230,482
90$17,426,673$0$0$6,797,819
91$19,006,384$0$0$7,420,878
92$20,740,994$0$0$8,105,274
93$22,646,108$0$0$8,857,193
94$24,738,913$0$0$9,683,451
95$27,038,346$0$0$10,591,556
96$29,565,266$0$0$11,589,781
97$32,342,657$0$0$12,687,237
98$35,395,836$0$0$13,893,967
99$38,752,697$0$0$15,221,030
100$42,443,973$0$0$16,680,616