Can I retire at age 53 with 1,130,000?

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 $1,130,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$93,314$92,483$91,672$90,881$90,108$87,610
2 years$46,195$45,335$44,501$43,693$42,908$40,410
3 years$30,491$29,627$28,795$27,994$27,223$24,803
4 years$22,640$21,779$20,955$20,168$19,416$17,092
5 years$17,931$17,075$16,262$15,491$14,759$12,539
6 years$14,793$13,943$13,142$12,388$11,679$9,564
7 years$12,552$11,709$10,921$10,185$9,498$7,488
8 years$10,872$10,037$9,262$8,544$7,879$5,974
9 years$9,566$8,739$7,978$7,278$6,636$4,833
10 years$8,522$7,703$6,955$6,273$5,654$3,951
11 years$7,668$6,858$6,123$5,460$4,862$3,257
12 years$6,957$6,155$5,434$4,789$4,214$2,702
13 years$6,356$5,562$4,855$4,228$3,674$2,254
14 years$5,842$5,056$4,362$3,753$3,221$1,888
15 years$5,396$4,619$3,938$3,347$2,836$1,587
16 years$5,006$4,238$3,571$2,997$2,506$1,338
17 years$4,663$3,903$3,249$2,693$2,222$1,131
18 years$4,358$3,606$2,966$2,427$1,976$958
19 years$4,085$3,342$2,715$2,193$1,761$812
20 years$3,841$3,106$2,492$1,986$1,573$690
21 years$3,619$2,893$2,292$1,802$1,408$587
22 years$3,418$2,700$2,113$1,639$1,262$500
23 years$3,235$2,526$1,951$1,492$1,133$426
24 years$3,067$2,366$1,804$1,361$1,018$363
25 years$2,913$2,221$1,671$1,243$916$310
26 years$2,771$2,087$1,550$1,137$825$264
27 years$2,640$1,964$1,439$1,040$744$226
28 years$2,519$1,851$1,338$953$671$193
29 years$2,405$1,746$1,245$874$606$165
30 years$2,300$1,649$1,160$802$548$141
31 years$2,202$1,559$1,081$737$495$120
32 years$2,110$1,475$1,009$677$448$103
33 years$2,024$1,397$942$623$405$88
34 years$1,943$1,324$880$573$367$75
35 years$1,866$1,256$823$527$332$64
36 years$1,795$1,192$770$486$301$55
37 years$1,727$1,132$720$448$273$47
38 years$1,663$1,076$675$413$248$40
39 years$1,602$1,023$632$380$224$35
40 years$1,545$973$592$351$204$30
41 years$1,490$926$555$324$185$25
42 years$1,439$882$521$299$168$22
43 years$1,389$841$489$276$152$19
44 years$1,343$801$459$255$138$16
45 years$1,298$764$431$235$125$14
46 years$1,255$729$405$217$114$12
47 years$1,215$696$380$201$103$10
48 years$1,176$664$357$185$94$9
49 years$1,139$634$336$171$85$7
50 years$1,103$606$316$158$77$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,130,000, adding $2,555 every year, while hoping to spend $39,879 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: 76/8/16 Blend
52$1,130,000$1,130,000$1,130,000$1,130,000
53$1,247,895$1,188,005$1,170,490$1,338,158
54$1,332,750$1,203,787$1,167,271$1,413,929
55$1,424,923$1,219,005$1,162,607$1,491,748
56$1,525,119$1,233,590$1,156,408$1,575,983
57$1,634,113$1,247,467$1,148,580$1,667,261
58$1,752,757$1,260,558$1,139,022$1,766,273
59$1,881,990$1,272,777$1,127,631$1,873,781
60$2,022,844$1,284,034$1,114,297$1,990,625
61$2,176,455$1,294,233$1,098,907$2,117,728
62$2,344,073$1,303,271$1,081,341$2,256,109
63$2,527,076$1,311,038$1,061,473$2,406,893
64$2,726,978$1,317,420$1,039,173$2,571,317
65$2,945,448$1,322,291$1,014,303$2,750,744
66$3,184,322$1,325,521$986,720$2,946,678
67$3,445,621$1,326,970$956,274$3,160,777
68$3,731,573$1,326,490$922,808$3,394,867
69$4,044,628$1,323,923$886,157$3,650,960
70$4,387,487$1,319,102$846,150$3,931,276
71$4,763,123$1,311,850$802,607$4,238,260
72$5,174,808$1,301,978$755,341$4,574,607
73$5,626,150$1,289,286$704,157$4,943,288
74$6,121,119$1,273,562$648,848$5,347,578
75$6,664,089$1,254,583$589,200$5,791,087
76$7,259,879$1,232,111$524,991$6,277,792
77$7,913,795$1,205,893$455,987$6,812,079
78$8,631,683$1,175,662$381,944$7,398,780
79$9,419,982$1,141,137$302,606$8,043,224
80$10,285,786$1,102,018$217,709$8,751,282
81$11,236,907$1,057,989$126,974$9,529,426
82$12,281,956$1,008,714$30,111$10,384,791
83$13,430,414$953,839$0$11,325,238
84$14,692,729$892,990$0$12,371,942
85$16,080,411$825,771$0$13,528,246
86$17,606,141$751,762$0$14,799,591
87$19,283,890$670,521$0$16,197,638
88$21,129,050$581,579$0$17,735,240
89$23,158,580$484,443$0$19,426,558
90$25,391,164$378,590$0$21,287,198
91$27,847,389$263,467$0$23,334,354
92$30,549,939$138,493$0$25,586,975
93$33,523,806$3,052$0$28,065,940
94$36,796,526$0$0$30,794,258
95$40,398,443$0$0$33,809,916
96$44,362,989$0$0$37,129,528
97$48,727,001$0$0$40,783,677
98$53,531,071$0$0$44,806,357
99$58,819,924$0$0$49,235,027
100$64,642,844$0$0$54,110,962