Can I retire at age 53 with 1,110,000?

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 $1,110,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$91,663$90,846$90,050$89,272$88,513$85,440
2 years$45,378$44,532$43,713$42,919$42,149$39,085
3 years$29,951$29,102$28,285$27,499$26,741$23,782
4 years$22,240$21,393$20,585$19,811$19,072$16,241
5 years$17,614$16,773$15,974$15,217$14,498$11,802
6 years$14,531$13,696$12,910$12,169$11,472$8,913
7 years$12,330$11,502$10,728$10,005$9,330$6,908
8 years$10,680$9,859$9,098$8,393$7,740$5,453
9 years$9,397$8,584$7,836$7,149$6,518$4,363
10 years$8,371$7,567$6,832$6,162$5,554$3,527
11 years$7,533$6,736$6,015$5,363$4,776$2,874
12 years$6,834$6,046$5,338$4,704$4,139$2,356
13 years$6,244$5,464$4,769$4,153$3,609$1,941
14 years$5,738$4,966$4,285$3,687$3,164$1,606
15 years$5,300$4,537$3,869$3,288$2,786$1,333
16 years$4,918$4,163$3,508$2,944$2,462$1,110
17 years$4,580$3,834$3,192$2,645$2,183$925
18 years$4,281$3,542$2,914$2,384$1,941$773
19 years$4,013$3,283$2,667$2,154$1,730$647
20 years$3,773$3,051$2,448$1,951$1,545$542
21 years$3,555$2,842$2,252$1,770$1,383$455
22 years$3,358$2,653$2,075$1,610$1,240$382
23 years$3,178$2,481$1,916$1,466$1,113$321
24 years$3,013$2,324$1,772$1,337$1,000$269
25 years$2,862$2,181$1,641$1,221$900$227
26 years$2,722$2,050$1,522$1,117$811$191
27 years$2,593$1,929$1,414$1,022$731$160
28 years$2,474$1,818$1,314$936$660$135
29 years$2,363$1,715$1,223$859$596$114
30 years$2,259$1,620$1,139$788$538$96
31 years$2,163$1,531$1,062$724$486$81
32 years$2,073$1,449$991$665$440$68
33 years$1,988$1,372$925$612$398$57
34 years$1,908$1,300$864$563$361$48
35 years$1,833$1,233$808$518$327$41
36 years$1,763$1,171$756$477$296$34
37 years$1,696$1,112$708$440$268$29
38 years$1,633$1,057$663$405$243$24
39 years$1,574$1,005$621$374$220$21
40 years$1,518$956$582$345$200$17
41 years$1,464$910$546$318$181$15
42 years$1,413$867$512$293$165$12
43 years$1,365$826$480$271$149$10
44 years$1,319$787$451$250$136$9
45 years$1,275$751$423$231$123$7
46 years$1,233$716$398$213$112$6
47 years$1,193$683$373$197$102$5
48 years$1,155$652$351$182$92$4
49 years$1,119$623$330$168$84$4
50 years$1,084$595$310$156$76$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,110,000, adding $6,087 every year, while hoping to spend $42,460 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: 78/13/9 Blend
52$1,110,000$1,110,000$1,110,000$1,110,000
53$1,229,499$1,170,669$1,153,464$1,323,203
54$1,309,731$1,182,854$1,146,928$1,397,798
55$1,396,723$1,194,214$1,138,750$1,473,488
56$1,491,120$1,204,662$1,128,830$1,555,261
57$1,593,632$1,214,109$1,117,063$1,643,704
58$1,705,039$1,222,456$1,103,341$1,739,466
59$1,826,198$1,229,601$1,087,547$1,843,258
60$1,958,053$1,235,435$1,069,563$1,955,866
61$2,101,643$1,239,840$1,049,263$2,078,155
62$2,258,112$1,242,693$1,026,514$2,211,080
63$2,428,716$1,243,862$1,001,179$2,355,690
64$2,614,841$1,243,207$973,114$2,513,143
65$2,818,010$1,240,579$942,169$2,684,714
66$3,039,901$1,235,821$908,185$2,871,811
67$3,282,359$1,228,765$870,998$3,075,981
68$3,547,419$1,219,234$830,436$3,298,933
69$3,837,318$1,207,038$786,317$3,542,547
70$4,154,521$1,191,980$738,455$3,808,898
71$4,501,741$1,173,845$686,652$4,100,270
72$4,881,966$1,152,411$630,703$4,419,184
73$5,298,487$1,127,440$570,392$4,768,415
74$5,754,928$1,098,680$505,496$5,151,024
75$6,255,280$1,065,865$435,779$5,570,382
76$6,803,938$1,028,712$360,997$6,030,207
77$7,405,744$986,923$280,895$6,534,596
78$8,066,030$940,183$195,205$7,088,066
79$8,790,670$888,156$103,649$7,695,592
80$9,586,133$830,490$5,936$8,362,662
81$10,459,546$766,811$0$9,095,323
82$11,418,759$696,724$0$9,909,682
83$12,472,420$619,812$0$10,804,865
84$13,630,057$535,633$0$11,788,430
85$14,902,164$443,720$0$12,869,333
86$16,300,304$343,582$0$14,057,448
87$17,837,216$234,698$0$15,363,651
88$19,526,932$116,518$0$16,799,931
89$21,384,914$0$0$18,379,499
90$23,428,197$0$0$20,118,564
91$25,675,549$0$0$22,049,687
92$28,147,647$0$0$24,173,974
93$30,867,275$0$0$26,511,007
94$33,859,534$0$0$29,082,364
95$37,152,084$0$0$31,911,817
96$40,775,398$0$0$35,025,560
97$44,763,056$0$0$38,452,456
98$49,152,054$0$0$42,224,305
99$53,983,159$0$0$46,376,148
100$59,301,292$0$0$50,946,595