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%17.3%
1 years$99,095$98,212$97,351$96,510$95,690$92,850
2 years$49,057$48,143$47,258$46,399$45,567$42,729
3 years$32,380$31,462$30,579$29,728$28,909$26,163
4 years$24,043$23,128$22,254$21,418$20,618$17,984
5 years$19,042$18,133$17,270$16,451$15,674$13,159
6 years$15,709$14,807$13,956$13,156$12,402$10,009
7 years$13,329$12,435$11,598$10,816$10,086$7,815
8 years$11,546$10,659$9,836$9,073$8,367$6,216
9 years$10,159$9,280$8,472$7,729$7,047$5,013
10 years$9,050$8,180$7,386$6,662$6,004$4,086
11 years$8,143$7,282$6,502$5,798$5,164$3,357
12 years$7,388$6,536$5,771$5,086$4,475$2,776
13 years$6,750$5,907$5,156$4,490$3,902$2,308
14 years$6,204$5,369$4,632$3,986$3,421$1,927
15 years$5,730$4,905$4,182$3,554$3,012$1,614
16 years$5,316$4,500$3,792$3,183$2,662$1,356
17 years$4,952$4,144$3,451$2,860$2,360$1,142
18 years$4,628$3,830$3,150$2,577$2,098$963
19 years$4,339$3,549$2,884$2,329$1,870$814
20 years$4,078$3,298$2,646$2,109$1,671$689
21 years$3,843$3,072$2,434$1,914$1,495$584
22 years$3,630$2,868$2,244$1,740$1,340$495
23 years$3,435$2,682$2,071$1,585$1,203$420
24 years$3,257$2,513$1,916$1,446$1,081$357
25 years$3,094$2,358$1,774$1,320$973$303
26 years$2,943$2,216$1,646$1,207$876$258
27 years$2,804$2,086$1,528$1,105$790$219
28 years$2,675$1,966$1,421$1,012$713$186
29 years$2,555$1,854$1,322$928$644$159
30 years$2,443$1,751$1,231$852$582$135
31 years$2,338$1,655$1,148$782$526$115
32 years$2,241$1,566$1,071$719$476$98
33 years$2,149$1,483$1,000$661$431$83
34 years$2,063$1,406$934$608$390$71
35 years$1,982$1,333$874$560$353$61
36 years$1,906$1,266$817$516$320$52
37 years$1,834$1,202$765$475$290$44
38 years$1,766$1,142$716$438$263$37
39 years$1,702$1,086$671$404$238$32
40 years$1,641$1,034$629$373$216$27
41 years$1,583$984$590$344$196$23
42 years$1,528$937$553$317$178$20
43 years$1,476$893$519$293$162$17
44 years$1,426$851$487$270$147$14
45 years$1,378$811$458$250$133$12
46 years$1,333$774$430$231$121$10
47 years$1,290$739$404$213$110$9
48 years$1,249$705$379$197$100$8
49 years$1,209$673$357$182$91$6
50 years$1,172$643$335$168$82$6

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 $5,148 every year, while hoping to spend $47,135 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: 37/46/17 Blend
52$1,200,000$1,200,000$1,200,000$1,200,000
53$1,327,710$1,264,110$1,245,510$1,369,824
54$1,412,985$1,275,900$1,237,083$1,412,462
55$1,505,379$1,286,688$1,226,795$1,453,636
56$1,605,567$1,296,376$1,214,532$1,497,115
57$1,714,293$1,304,856$1,200,177$1,543,128
58$1,832,376$1,312,019$1,183,608$1,591,934
59$1,960,715$1,317,745$1,164,695$1,643,821
60$2,100,299$1,321,906$1,143,304$1,699,107
61$2,252,218$1,324,368$1,119,293$1,758,145
62$2,417,671$1,324,988$1,092,516$1,821,331
63$2,597,974$1,323,613$1,062,816$1,889,100
64$2,794,580$1,320,083$1,030,033$1,961,939
65$3,009,086$1,314,226$993,998$2,040,386
66$3,243,250$1,305,860$954,534$2,125,040
67$3,499,006$1,294,791$911,455$2,216,563
68$3,778,485$1,280,817$864,569$2,315,693
69$4,084,032$1,263,718$813,674$2,423,245
70$4,418,229$1,243,267$758,558$2,540,124
71$4,783,920$1,219,218$699,001$2,667,334
72$5,184,235$1,191,314$634,773$2,805,985
73$5,622,621$1,159,283$565,631$2,957,311
74$6,102,874$1,122,834$491,326$3,122,674
75$6,629,176$1,081,661$411,594$3,303,586
76$7,206,130$1,035,441$326,162$3,501,721
77$7,838,809$983,831$234,741$3,718,929
78$8,532,797$926,468$137,034$3,957,262
79$9,294,246$862,969$32,729$4,218,987
80$10,129,932$792,928$0$4,506,617
81$11,047,321$715,917$0$4,837,180
82$12,054,633$631,482$0$5,206,758
83$13,160,926$539,146$0$5,612,869
84$14,376,178$438,401$0$6,059,337
85$15,711,381$328,715$0$6,550,385
86$17,178,641$209,522$0$7,090,677
87$18,791,301$80,227$0$7,685,365
88$20,564,056$0$0$8,340,137
89$22,513,097$0$0$9,091,544
90$24,656,262$0$0$9,962,628
91$27,013,206$0$0$10,920,790
92$29,605,581$0$0$11,974,858
93$32,457,245$0$0$13,134,555
94$35,594,483$0$0$14,410,596
95$39,046,257$0$0$15,814,788
96$42,844,478$0$0$17,360,137
97$47,024,306$0$0$19,060,978
98$51,624,482$0$0$20,933,103
99$56,687,692$0$0$22,993,914
100$62,260,971$0$0$25,262,586