Can I retire at age 53 with 1,100,000?

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 $1,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$90,837$90,028$89,238$88,468$87,716$86,440
2 years$44,969$44,131$43,320$42,533$41,769$40,487
3 years$29,681$28,840$28,031$27,251$26,500$25,251
4 years$22,039$21,201$20,399$19,633$18,900$17,694
5 years$17,455$16,622$15,831$15,080$14,368$13,207
6 years$14,400$13,573$12,793$12,060$11,369$10,256
7 years$12,219$11,398$10,631$9,915$9,246$8,181
8 years$10,583$9,771$9,016$8,317$7,670$6,653
9 years$9,312$8,507$7,766$7,084$6,459$5,489
10 years$8,296$7,499$6,770$6,107$5,504$4,580
11 years$7,465$6,675$5,960$5,315$4,733$3,855
12 years$6,773$5,992$5,290$4,662$4,102$3,268
13 years$6,188$5,415$4,726$4,116$3,577$2,787
14 years$5,687$4,922$4,246$3,653$3,135$2,388
15 years$5,253$4,496$3,834$3,258$2,761$2,054
16 years$4,873$4,125$3,476$2,917$2,440$1,772
17 years$4,539$3,799$3,163$2,621$2,163$1,534
18 years$4,242$3,510$2,887$2,362$1,924$1,331
19 years$3,977$3,253$2,643$2,135$1,715$1,157
20 years$3,739$3,023$2,426$1,933$1,531$1,007
21 years$3,523$2,816$2,231$1,755$1,371$878
22 years$3,327$2,629$2,057$1,595$1,228$767
23 years$3,149$2,459$1,899$1,453$1,103$671
24 years$2,986$2,304$1,756$1,325$991$587
25 years$2,836$2,162$1,627$1,210$892$514
26 years$2,698$2,032$1,509$1,106$803$450
27 years$2,570$1,912$1,401$1,013$724$395
28 years$2,452$1,802$1,302$928$654$347
29 years$2,342$1,700$1,212$851$590$304
30 years$2,239$1,605$1,129$781$533$267
31 years$2,143$1,517$1,052$717$482$235
32 years$2,054$1,436$982$659$436$206
33 years$1,970$1,360$917$606$395$182
34 years$1,891$1,289$857$558$357$160
35 years$1,817$1,222$801$513$324$140
36 years$1,747$1,160$749$473$293$124
37 years$1,681$1,102$701$436$266$109
38 years$1,619$1,047$657$402$241$96
39 years$1,560$996$615$370$218$84
40 years$1,504$947$577$342$198$74
41 years$1,451$902$541$315$180$65
42 years$1,400$859$507$291$163$57
43 years$1,353$818$476$268$148$51
44 years$1,307$780$447$248$134$45
45 years$1,264$744$419$229$122$39
46 years$1,222$710$394$211$111$35
47 years$1,183$677$370$195$101$30
48 years$1,145$646$348$180$91$27
49 years$1,109$617$327$167$83$24
50 years$1,074$590$307$154$75$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,100,000, adding $4,033 every year, while hoping to spend $53,039 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: 76/7/17 Blend
52$1,100,000$1,100,000$1,100,000$1,100,000
53$1,216,360$1,158,060$1,141,010$1,303,872
54$1,283,996$1,158,372$1,122,801$1,362,591
55$1,356,753$1,156,921$1,102,204$1,419,955
56$1,435,097$1,153,566$1,079,083$1,481,421
57$1,519,541$1,148,155$1,053,297$1,547,380
58$1,610,647$1,140,528$1,024,696$1,618,268
59$1,709,034$1,130,515$993,124$1,694,561
60$1,815,381$1,117,935$958,418$1,776,787
61$1,930,433$1,102,598$920,409$1,865,527
62$2,055,013$1,084,300$878,918$1,961,423
63$2,190,021$1,062,828$833,759$2,065,181
64$2,336,450$1,037,953$784,736$2,177,582
65$2,495,391$1,009,436$731,648$2,299,487
66$2,668,043$977,020$674,281$2,431,844
67$2,855,727$940,438$612,413$2,575,700
68$3,059,894$899,402$545,811$2,732,210
69$3,282,142$853,612$474,235$2,902,647
70$3,524,229$802,747$397,430$3,088,416
71$3,788,088$746,470$315,132$3,291,065
72$4,075,850$684,423$227,066$3,512,303
73$4,389,857$616,230$132,942$3,754,014
74$4,732,688$541,491$32,461$4,018,278
75$5,107,182$459,784$0$4,307,384
76$5,516,465$370,664$0$4,637,425
77$5,963,978$273,660$0$5,004,790
78$6,453,509$168,275$0$5,406,721
79$6,989,231$53,984$0$5,846,673
80$7,575,736$0$0$6,328,452
81$8,218,084$0$0$6,861,626
82$8,921,844$0$0$7,450,372
83$9,693,151$0$0$8,095,669
84$10,538,762$0$0$8,803,175
85$11,466,118$0$0$9,579,121
86$12,483,415$0$0$10,430,372
87$13,599,680$0$0$11,364,488
88$14,824,858$0$0$12,389,795
89$16,169,901$0$0$13,515,466
90$17,646,875$0$0$14,751,606
91$19,269,071$0$0$16,109,346
92$21,051,131$0$0$17,600,947
93$23,009,184$0$0$19,239,917
94$25,161,000$0$0$21,041,138
95$27,526,155$0$0$23,021,004
96$30,126,216$0$0$25,197,577
97$32,984,944$0$0$27,590,756
98$36,128,516$0$0$30,222,465
99$39,585,775$0$0$33,116,857
100$43,388,497$0$0$36,300,546