Can I retire at age 53 with 1,190,000?

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 $1,190,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$98,269$97,394$96,540$95,706$94,892$91,489
2 years$48,648$47,742$46,864$46,013$45,187$41,795
3 years$32,110$31,200$30,324$29,481$28,668$25,394
4 years$23,842$22,935$22,068$21,239$20,447$17,316
5 years$18,883$17,982$17,126$16,314$15,543$12,563
6 years$15,578$14,683$13,840$13,046$12,299$9,472
7 years$13,218$12,331$11,501$10,726$10,002$7,328
8 years$11,449$10,570$9,754$8,998$8,298$5,775
9 years$10,074$9,203$8,401$7,664$6,988$4,612
10 years$8,975$8,112$7,324$6,607$5,954$3,721
11 years$8,076$7,222$6,448$5,750$5,121$3,026
12 years$7,327$6,482$5,723$5,043$4,437$2,476
13 years$6,694$5,858$5,113$4,452$3,870$2,036
14 years$6,152$5,324$4,594$3,952$3,392$1,681
15 years$5,682$4,864$4,148$3,525$2,987$1,392
16 years$5,272$4,463$3,760$3,156$2,640$1,156
17 years$4,910$4,110$3,422$2,836$2,340$962
18 years$4,589$3,798$3,124$2,556$2,081$802
19 years$4,302$3,520$2,860$2,309$1,855$670
20 years$4,044$3,271$2,624$2,091$1,657$560
21 years$3,811$3,046$2,414$1,898$1,483$468
22 years$3,600$2,844$2,225$1,726$1,329$392
23 years$3,407$2,660$2,054$1,572$1,193$329
24 years$3,230$2,492$1,900$1,433$1,072$276
25 years$3,068$2,339$1,760$1,309$965$231
26 years$2,919$2,198$1,632$1,197$869$194
27 years$2,780$2,069$1,515$1,096$784$163
28 years$2,652$1,949$1,409$1,004$707$137
29 years$2,533$1,839$1,311$921$638$115
30 years$2,422$1,737$1,221$845$577$97
31 years$2,319$1,642$1,138$776$522$81
32 years$2,222$1,553$1,062$713$472$68
33 years$2,131$1,471$992$656$427$57
34 years$2,046$1,394$927$603$387$48
35 years$1,966$1,322$866$555$350$41
36 years$1,890$1,255$810$512$317$34
37 years$1,819$1,192$759$471$288$29
38 years$1,751$1,133$710$434$261$24
39 years$1,687$1,077$666$401$236$20
40 years$1,627$1,025$624$369$214$17
41 years$1,570$976$585$341$195$14
42 years$1,515$929$549$315$176$12
43 years$1,463$885$515$290$160$10
44 years$1,414$844$483$268$145$9
45 years$1,367$805$454$248$132$7
46 years$1,322$768$426$229$120$6
47 years$1,279$733$400$211$109$5
48 years$1,238$699$376$195$99$4
49 years$1,199$668$354$180$90$4
50 years$1,162$638$333$167$82$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,190,000, adding $5,027 every year, while hoping to spend $35,297 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: 22/48/30 Blend
52$1,190,000$1,190,000$1,190,000$1,190,000
53$1,316,565$1,253,495$1,235,050$1,332,985
54$1,413,299$1,277,361$1,238,869$1,372,032
55$1,518,717$1,301,213$1,241,632$1,410,522
56$1,633,667$1,325,013$1,243,268$1,450,950
57$1,759,084$1,348,721$1,243,700$1,493,498
58$1,895,994$1,372,292$1,242,847$1,538,368
59$2,045,530$1,395,679$1,240,628$1,585,784
60$2,208,937$1,418,831$1,236,952$1,635,995
61$2,387,587$1,441,692$1,231,728$1,689,278
62$2,582,989$1,464,203$1,224,859$1,745,939
63$2,796,807$1,486,301$1,216,244$1,806,318
64$3,030,869$1,507,919$1,205,777$1,870,791
65$3,287,193$1,528,982$1,193,346$1,939,776
66$3,567,998$1,549,413$1,178,834$2,013,735
67$3,875,729$1,569,129$1,162,120$2,093,183
68$4,213,078$1,588,041$1,143,075$2,178,687
69$4,583,010$1,606,053$1,121,566$2,270,876
70$4,988,791$1,623,064$1,097,453$2,370,448
71$5,434,019$1,638,965$1,070,589$2,478,175
72$5,922,656$1,653,642$1,040,821$2,594,913
73$6,459,066$1,666,970$1,007,988$2,721,607
74$7,048,058$1,678,818$971,922$2,859,306
75$7,694,927$1,689,048$932,449$3,009,168
76$8,405,508$1,697,509$889,384$3,172,476
77$9,186,227$1,704,045$842,536$3,350,651
78$10,044,166$1,708,486$791,704$3,545,261
79$10,987,124$1,710,655$736,680$3,758,043
80$12,023,695$1,710,362$677,243$3,990,917
81$13,163,347$1,707,404$613,165$4,246,006
82$14,416,510$1,701,569$544,208$4,525,657
83$15,794,676$1,692,628$470,122$4,832,466
84$17,310,508$1,680,342$390,645$5,169,298
85$18,977,955$1,664,453$305,507$5,539,325
86$20,812,387$1,644,692$214,422$5,946,047
87$22,830,739$1,620,772$117,094$6,393,334
88$25,051,672$1,592,387$13,214$6,885,461
89$27,495,744$1,559,215$0$7,427,149
90$30,185,608$1,520,915$0$8,054,871
91$33,146,226$1,477,125$0$8,749,677
92$36,405,100$1,427,463$0$9,513,805
93$39,992,534$1,371,523$0$10,354,399
94$43,941,922$1,308,877$0$11,279,338
95$48,290,056$1,239,070$0$12,297,311
96$53,077,482$1,161,624$0$13,417,907
97$58,348,872$1,076,031$0$14,651,700
98$64,153,455$981,755$0$16,010,353
99$70,545,475$878,229$0$17,506,730
100$77,584,705$764,853$0$19,155,021