Can I retire at age 53 with 1,150,000?

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 $1,150,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$94,966$94,120$93,295$92,489$91,703$88,273
2 years$47,013$46,137$45,289$44,466$43,668$40,252
3 years$31,031$30,151$29,305$28,490$27,705$24,410
4 years$23,041$22,164$21,326$20,525$19,759$16,611
5 years$18,248$17,377$16,550$15,765$15,021$12,027
6 years$15,055$14,190$13,375$12,608$11,885$9,048
7 years$12,774$11,916$11,115$10,365$9,666$6,984
8 years$11,064$10,215$9,426$8,695$8,019$5,490
9 years$9,735$8,894$8,119$7,407$6,753$4,374
10 years$8,673$7,839$7,078$6,384$5,754$3,520
11 years$7,804$6,979$6,231$5,556$4,949$2,855
12 years$7,081$6,264$5,530$4,874$4,288$2,330
13 years$6,469$5,661$4,941$4,303$3,739$1,911
14 years$5,945$5,145$4,439$3,820$3,278$1,573
15 years$5,491$4,700$4,008$3,406$2,886$1,299
16 years$5,095$4,313$3,634$3,050$2,551$1,076
17 years$4,745$3,972$3,307$2,740$2,262$893
18 years$4,435$3,670$3,019$2,470$2,011$742
19 years$4,158$3,401$2,763$2,232$1,792$618
20 years$3,908$3,161$2,536$2,021$1,601$515
21 years$3,683$2,944$2,333$1,834$1,433$429
22 years$3,479$2,748$2,150$1,668$1,284$358
23 years$3,292$2,570$1,985$1,519$1,153$299
24 years$3,122$2,408$1,836$1,385$1,036$250
25 years$2,965$2,260$1,700$1,265$932$209
26 years$2,820$2,124$1,577$1,157$840$175
27 years$2,687$1,999$1,464$1,059$757$146
28 years$2,563$1,884$1,361$970$683$123
29 years$2,448$1,777$1,267$890$617$103
30 years$2,341$1,678$1,180$816$557$86
31 years$2,241$1,586$1,100$750$504$72
32 years$2,147$1,501$1,026$689$456$60
33 years$2,059$1,422$958$634$413$51
34 years$1,977$1,347$895$583$374$42
35 years$1,900$1,278$837$537$338$35
36 years$1,826$1,213$783$494$307$30
37 years$1,758$1,152$733$455$278$25
38 years$1,692$1,095$686$420$252$21
39 years$1,631$1,041$643$387$228$17
40 years$1,572$990$603$357$207$15
41 years$1,517$943$565$329$188$12
42 years$1,464$898$530$304$171$10
43 years$1,414$856$498$281$155$9
44 years$1,366$816$467$259$141$7
45 years$1,321$778$439$239$128$6
46 years$1,278$742$412$221$116$5
47 years$1,236$708$387$204$105$4
48 years$1,197$676$364$189$96$4
49 years$1,159$645$342$174$87$3
50 years$1,123$617$321$161$79$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,150,000, adding $3,044 every year, while hoping to spend $20,994 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: 56/16/28 Blend
52$1,150,000$1,150,000$1,150,000$1,150,000
53$1,270,440$1,209,490$1,191,665$1,331,625
54$1,377,687$1,246,417$1,209,248$1,410,990
55$1,495,170$1,284,451$1,226,717$1,494,982
56$1,623,911$1,323,622$1,244,045$1,586,073
57$1,765,034$1,363,964$1,261,205$1,684,956
58$1,919,780$1,405,510$1,278,168$1,792,391
59$2,089,513$1,448,296$1,294,902$1,909,220
60$2,275,737$1,492,357$1,311,375$2,036,366
61$2,480,109$1,537,729$1,327,553$2,174,848
62$2,704,453$1,584,449$1,343,398$2,325,786
63$2,950,777$1,632,558$1,358,872$2,490,418
64$3,221,297$1,682,094$1,373,935$2,670,103
65$3,518,450$1,733,097$1,388,542$2,866,341
66$3,844,923$1,785,610$1,402,650$3,080,783
67$4,203,675$1,839,675$1,416,209$3,315,251
68$4,597,967$1,895,336$1,429,169$3,571,747
69$5,031,391$1,952,639$1,441,477$3,852,481
70$5,507,903$2,011,628$1,453,077$4,159,888
71$6,031,864$2,072,353$1,463,910$4,496,647
72$6,608,077$2,134,861$1,473,913$4,865,714
73$7,241,834$2,199,202$1,483,022$5,270,345
74$7,938,965$2,265,428$1,491,168$5,714,126
75$8,705,896$2,333,590$1,498,279$6,201,009
76$9,549,704$2,403,742$1,504,278$6,735,351
77$10,478,188$2,475,940$1,509,086$7,321,949
78$11,499,942$2,550,240$1,512,619$7,966,094
79$12,624,434$2,626,699$1,514,789$8,673,611
80$13,862,096$2,705,377$1,515,504$9,450,923
81$15,224,423$2,786,334$1,514,667$10,305,105
82$16,724,082$2,869,633$1,512,176$11,243,956
83$18,375,030$2,955,336$1,507,926$12,276,067
84$20,192,645$3,043,509$1,501,803$13,410,910
85$22,193,872$3,134,219$1,493,691$14,658,917
86$24,397,384$3,227,533$1,483,466$16,031,588
87$26,823,756$3,323,521$1,471,002$17,541,596
88$29,495,660$3,422,254$1,456,161$19,202,903
89$32,438,079$3,523,806$1,438,803$21,030,900
90$35,678,540$3,628,250$1,418,781$23,042,545
91$39,247,380$3,735,663$1,395,939$25,256,525
92$43,178,025$3,846,123$1,370,115$27,693,436
93$47,507,309$3,959,708$1,341,139$30,375,973
94$52,275,822$4,076,501$1,308,835$33,329,147
95$57,528,290$4,196,583$1,273,015$36,580,520
96$63,314,000$4,320,041$1,233,485$40,160,466
97$69,687,264$4,446,959$1,190,043$44,102,458
98$76,707,931$4,577,426$1,142,476$48,443,383
99$84,441,952$4,711,532$1,090,561$53,223,892
100$92,962,002$4,849,368$1,034,066$58,488,782