Can I retire at age 53 with 1,200,000?

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 $1,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$99,095$98,212$97,351$96,510$95,690$94,066
2 years$49,057$48,143$47,258$46,399$45,567$43,935
3 years$32,380$31,462$30,579$29,728$28,909$27,322
4 years$24,043$23,128$22,254$21,418$20,618$19,087
5 years$19,042$18,133$17,270$16,451$15,674$14,202
6 years$15,709$14,807$13,956$13,156$12,402$10,993
7 years$13,329$12,435$11,598$10,816$10,086$8,739
8 years$11,546$10,659$9,836$9,073$8,367$7,083
9 years$10,159$9,280$8,472$7,729$7,047$5,823
10 years$9,050$8,180$7,386$6,662$6,004$4,841
11 years$8,143$7,282$6,502$5,798$5,164$4,060
12 years$7,388$6,536$5,771$5,086$4,475$3,428
13 years$6,750$5,907$5,156$4,490$3,902$2,912
14 years$6,204$5,369$4,632$3,986$3,421$2,484
15 years$5,730$4,905$4,182$3,554$3,012$2,128
16 years$5,316$4,500$3,792$3,183$2,662$1,829
17 years$4,952$4,144$3,451$2,860$2,360$1,576
18 years$4,628$3,830$3,150$2,577$2,098$1,361
19 years$4,339$3,549$2,884$2,329$1,870$1,178
20 years$4,078$3,298$2,646$2,109$1,671$1,021
21 years$3,843$3,072$2,434$1,914$1,495$887
22 years$3,630$2,868$2,244$1,740$1,340$771
23 years$3,435$2,682$2,071$1,585$1,203$671
24 years$3,257$2,513$1,916$1,446$1,081$584
25 years$3,094$2,358$1,774$1,320$973$509
26 years$2,943$2,216$1,646$1,207$876$444
27 years$2,804$2,086$1,528$1,105$790$388
28 years$2,675$1,966$1,421$1,012$713$339
29 years$2,555$1,854$1,322$928$644$296
30 years$2,443$1,751$1,231$852$582$259
31 years$2,338$1,655$1,148$782$526$226
32 years$2,241$1,566$1,071$719$476$198
33 years$2,149$1,483$1,000$661$431$173
34 years$2,063$1,406$934$608$390$151
35 years$1,982$1,333$874$560$353$132
36 years$1,906$1,266$817$516$320$116
37 years$1,834$1,202$765$475$290$101
38 years$1,766$1,142$716$438$263$89
39 years$1,702$1,086$671$404$238$78
40 years$1,641$1,034$629$373$216$68
41 years$1,583$984$590$344$196$60
42 years$1,528$937$553$317$178$52
43 years$1,476$893$519$293$162$46
44 years$1,426$851$487$270$147$40
45 years$1,378$811$458$250$133$35
46 years$1,333$774$430$231$121$31
47 years$1,290$739$404$213$110$27
48 years$1,249$705$379$197$100$24
49 years$1,209$673$357$182$91$21
50 years$1,172$643$335$168$82$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,200,000, adding $6,108 every year, while hoping to spend $31,767 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: 85/5/10 Blend
52$1,200,000$1,200,000$1,200,000$1,200,000
53$1,328,700$1,265,100$1,246,500$1,439,191
54$1,430,428$1,293,290$1,254,458$1,540,490
55$1,541,467$1,321,797$1,261,618$1,646,834
56$1,662,734$1,350,602$1,267,920$1,762,688
57$1,795,237$1,379,686$1,273,299$1,888,990
58$1,940,087$1,409,027$1,277,691$2,026,772
59$2,098,507$1,438,600$1,281,024$2,177,171
60$2,271,842$1,468,378$1,283,226$2,341,438
61$2,461,575$1,498,334$1,284,218$2,520,953
62$2,669,337$1,528,434$1,283,922$2,717,235
63$2,896,927$1,558,645$1,282,251$2,931,956
64$3,146,323$1,588,929$1,279,116$3,166,960
65$3,419,707$1,619,244$1,274,424$3,424,278
66$3,719,477$1,649,548$1,268,078$3,706,145
67$4,048,280$1,679,791$1,259,975$4,015,026
68$4,409,027$1,709,924$1,250,006$4,353,635
69$4,804,926$1,739,889$1,238,060$4,724,964
70$5,239,512$1,769,627$1,224,019$5,132,306
71$5,716,677$1,799,073$1,207,758$5,579,292
72$6,240,709$1,828,158$1,189,149$6,069,922
73$6,816,332$1,856,808$1,168,055$6,608,602
74$7,448,748$1,884,943$1,144,336$7,200,188
75$8,143,692$1,912,476$1,117,843$7,850,031
76$8,907,477$1,939,316$1,088,419$8,564,025
77$9,747,062$1,965,366$1,055,904$9,348,665
78$10,670,113$1,990,518$1,020,126$10,211,109
79$11,685,073$2,014,662$980,909$11,159,242
80$12,801,247$2,037,677$938,066$12,201,756
81$14,028,886$2,059,436$891,404$13,348,225
82$15,379,285$2,079,800$840,718$14,609,200
83$16,864,887$2,098,626$785,797$15,996,310
84$18,499,403$2,115,756$726,419$17,522,365
85$20,297,940$2,131,026$662,352$19,201,484
86$22,277,144$2,144,260$593,355$21,049,225
87$24,455,354$2,155,270$519,173$23,082,731
88$26,852,778$2,163,857$439,544$25,320,893
89$29,491,684$2,169,808$354,191$27,784,530
90$32,396,605$2,172,898$262,826$30,496,581
91$35,594,577$2,172,888$165,149$33,482,326
92$39,115,388$2,169,524$60,845$36,769,623
93$42,991,861$2,162,534$0$40,389,171
94$47,260,166$2,151,634$0$44,380,183
95$51,960,157$2,136,517$0$48,781,832
96$57,135,750$2,116,864$0$53,628,737
97$62,835,336$2,092,330$0$58,966,211
98$69,112,240$2,062,554$0$64,844,181
99$76,025,221$2,027,151$0$71,317,668
100$83,639,027$1,985,715$0$78,447,300