Can I retire at age 53 with 1,140,000?

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 $1,140,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$94,140$93,302$92,483$91,685$90,905$90,522
2 years$46,604$45,736$44,895$44,079$43,288$42,901
3 years$30,761$29,889$29,050$28,242$27,464$27,085
4 years$22,841$21,972$21,141$20,347$19,587$19,220
5 years$18,090$17,226$16,406$15,628$14,890$14,535
6 years$14,924$14,066$13,259$12,498$11,782$11,440
7 years$12,663$11,813$11,018$10,275$9,582$9,253
8 years$10,968$10,126$9,344$8,620$7,949$7,633
9 years$9,651$8,816$8,048$7,342$6,694$6,391
10 years$8,597$7,771$7,017$6,329$5,704$5,413
11 years$7,736$6,918$6,177$5,508$4,906$4,628
12 years$7,019$6,209$5,482$4,831$4,251$3,985
13 years$6,413$5,612$4,898$4,265$3,707$3,454
14 years$5,893$5,101$4,401$3,786$3,250$3,008
15 years$5,444$4,660$3,973$3,377$2,861$2,631
16 years$5,051$4,275$3,602$3,023$2,529$2,310
17 years$4,704$3,937$3,278$2,717$2,242$2,034
18 years$4,397$3,638$2,992$2,448$1,994$1,796
19 years$4,122$3,372$2,739$2,212$1,777$1,590
20 years$3,874$3,133$2,514$2,004$1,587$1,410
21 years$3,651$2,918$2,313$1,818$1,420$1,253
22 years$3,448$2,724$2,131$1,653$1,273$1,115
23 years$3,264$2,548$1,968$1,506$1,143$993
24 years$3,094$2,387$1,820$1,373$1,027$886
25 years$2,939$2,240$1,686$1,254$924$791
26 years$2,796$2,106$1,563$1,147$833$707
27 years$2,664$1,982$1,452$1,050$751$633
28 years$2,541$1,867$1,350$962$677$566
29 years$2,427$1,762$1,256$882$612$507
30 years$2,321$1,664$1,170$809$553$455
31 years$2,221$1,573$1,091$743$500$408
32 years$2,129$1,488$1,018$683$452$366
33 years$2,042$1,409$950$628$409$329
34 years$1,960$1,336$888$578$370$295
35 years$1,883$1,267$830$532$335$265
36 years$1,811$1,202$776$490$304$238
37 years$1,742$1,142$727$451$275$214
38 years$1,678$1,085$681$416$250$192
39 years$1,616$1,032$638$384$226$173
40 years$1,559$982$598$354$205$156
41 years$1,504$935$560$327$186$140
42 years$1,451$890$526$301$169$126
43 years$1,402$848$493$278$153$113
44 years$1,354$808$463$257$139$102
45 years$1,309$771$435$237$126$92
46 years$1,267$735$408$219$115$83
47 years$1,226$702$384$202$104$74
48 years$1,186$670$360$187$95$67
49 years$1,149$640$339$173$86$60
50 years$1,113$611$319$160$78$54

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,140,000, adding $4,000 every year, while hoping to spend $50,061 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: 28/46/26 Blend
52$1,140,000$1,140,000$1,140,000$1,140,000
53$1,260,406$1,199,986$1,182,316$1,285,405
54$1,335,703$1,205,521$1,168,659$1,311,073
55$1,417,002$1,209,649$1,152,867$1,334,007
56$1,504,863$1,212,249$1,134,815$1,357,625
57$1,599,901$1,213,191$1,114,373$1,382,018
58$1,702,792$1,212,337$1,091,405$1,407,293
59$1,814,277$1,209,543$1,065,768$1,433,569
60$1,935,175$1,204,652$1,037,312$1,460,984
61$2,066,384$1,197,501$1,005,883$1,489,694
62$2,208,891$1,187,914$971,316$1,519,877
63$2,363,783$1,175,708$933,441$1,551,731
64$2,532,257$1,160,685$892,079$1,585,485
65$2,715,627$1,142,638$847,043$1,621,392
66$2,915,340$1,121,347$798,139$1,659,742
67$3,132,990$1,096,578$745,162$1,700,859
68$3,370,330$1,068,085$687,899$1,745,106
69$3,629,287$1,035,606$626,128$1,792,894
70$3,911,987$998,863$559,616$1,844,681
71$4,220,767$957,564$488,120$1,900,983
72$4,558,199$911,398$411,386$1,962,375
73$4,927,117$860,039$329,149$2,029,503
74$5,330,640$803,138$241,133$2,103,087
75$5,772,203$740,329$147,048$2,183,933
76$6,255,587$671,225$46,593$2,272,940
77$6,784,957$595,414$0$2,371,110
78$7,364,898$512,465$0$2,496,375
79$8,000,462$421,920$0$2,648,055
80$8,697,209$323,295$0$2,814,692
81$9,461,267$216,079$0$2,997,929
82$10,299,383$99,733$0$3,199,587
83$11,218,988$0$0$3,421,683
84$12,228,269$0$0$3,679,771
85$13,336,242$0$0$4,018,706
86$14,552,839$0$0$4,391,065
87$15,889,003$0$0$4,800,222
88$17,356,787$0$0$5,249,893
89$18,969,469$0$0$5,744,172
90$20,741,676$0$0$6,287,569
91$22,689,524$0$0$6,885,054
92$24,830,767$0$0$7,542,101
93$27,184,964$0$0$8,264,742
94$29,773,665$0$0$9,059,623
95$32,620,613$0$0$9,934,066
96$35,751,965$0$0$10,896,139
97$39,196,543$0$0$11,954,730
98$42,986,101$0$0$13,119,633
99$47,155,626$0$0$14,401,641
100$51,743,669$0$0$15,812,644