Can I retire at age 53 with 945,000?

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 $945,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$78,037$77,342$76,664$76,002$75,356$72,769
2 years$38,632$37,913$37,215$36,539$35,884$33,304
3 years$25,499$24,776$24,081$23,411$22,766$20,274
4 years$18,934$18,213$17,525$16,866$16,237$13,852
5 years$14,996$14,279$13,600$12,955$12,343$10,072
6 years$12,371$11,660$10,991$10,360$9,767$7,610
7 years$10,497$9,792$9,133$8,518$7,943$5,901
8 years$9,092$8,394$7,746$7,145$6,589$4,661
9 years$8,000$7,308$6,671$6,086$5,549$3,732
10 years$7,127$6,442$5,816$5,246$4,728$3,019
11 years$6,413$5,735$5,121$4,566$4,066$2,461
12 years$5,818$5,147$4,544$4,005$3,524$2,019
13 years$5,316$4,652$4,060$3,536$3,073$1,665
14 years$4,885$4,228$3,648$3,139$2,694$1,378
15 years$4,513$3,863$3,294$2,799$2,372$1,145
16 years$4,187$3,544$2,986$2,506$2,096$954
17 years$3,900$3,264$2,717$2,252$1,859$796
18 years$3,645$3,016$2,481$2,029$1,653$665
19 years$3,417$2,795$2,271$1,834$1,473$557
20 years$3,212$2,597$2,084$1,661$1,316$467
21 years$3,027$2,419$1,917$1,507$1,177$392
22 years$2,859$2,258$1,767$1,370$1,055$329
23 years$2,705$2,112$1,631$1,248$947$277
24 years$2,565$1,979$1,509$1,138$852$233
25 years$2,436$1,857$1,397$1,040$766$196
26 years$2,318$1,745$1,296$951$690$165
27 years$2,208$1,643$1,203$870$622$139
28 years$2,106$1,548$1,119$797$561$117
29 years$2,012$1,460$1,041$731$507$99
30 years$1,924$1,379$970$671$458$83
31 years$1,841$1,304$904$616$414$70
32 years$1,764$1,233$843$566$375$59
33 years$1,692$1,168$788$521$339$50
34 years$1,625$1,107$736$479$307$42
35 years$1,561$1,050$688$441$278$35
36 years$1,501$997$644$406$252$30
37 years$1,444$947$602$374$228$25
38 years$1,391$900$564$345$207$21
39 years$1,340$855$529$318$188$18
40 years$1,292$814$495$293$170$15
41 years$1,246$775$464$271$154$13
42 years$1,203$738$436$250$140$11
43 years$1,162$703$409$231$127$9
44 years$1,123$670$384$213$115$8
45 years$1,085$639$360$197$105$6
46 years$1,050$610$338$182$95$5
47 years$1,016$582$318$168$86$5
48 years$983$555$299$155$78$4
49 years$952$530$281$143$71$3
50 years$923$507$264$132$65$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $945,000, adding $4,440 every year, while hoping to spend $23,938 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: 62/25/13 Blend
52$945,000$945,000$945,000$945,000
53$1,045,970$995,885$981,237$1,107,288
54$1,127,189$1,019,213$988,639$1,172,292
55$1,215,890$1,042,883$995,486$1,240,087
56$1,312,811$1,066,884$1,001,735$1,313,507
57$1,418,765$1,091,208$1,007,340$1,393,099
58$1,534,645$1,115,843$1,012,252$1,479,464
59$1,661,436$1,140,778$1,016,420$1,573,265
60$1,800,224$1,165,997$1,019,791$1,675,231
61$1,952,201$1,191,485$1,022,309$1,786,168
62$2,118,683$1,217,226$1,023,914$1,906,961
63$2,301,118$1,243,199$1,024,545$2,038,586
64$2,501,101$1,269,385$1,024,136$2,182,120
65$2,720,389$1,295,760$1,022,619$2,338,746
66$2,960,915$1,322,298$1,019,923$2,509,770
67$3,224,810$1,348,973$1,015,973$2,696,632
68$3,514,423$1,375,754$1,010,690$2,900,916
69$3,832,337$1,402,609$1,003,991$3,124,370
70$4,181,401$1,429,503$995,790$3,368,917
71$4,564,751$1,456,396$985,997$3,636,680
72$4,985,844$1,483,248$974,516$3,929,995
73$5,448,487$1,510,014$961,249$4,251,440
74$5,956,873$1,536,644$946,091$4,603,852
75$6,515,622$1,563,088$928,933$4,990,361
76$7,129,825$1,589,289$909,662$5,414,414
77$7,805,089$1,615,186$888,158$5,879,810
78$8,547,593$1,640,715$864,296$6,390,738
79$9,364,143$1,665,806$837,946$6,951,813
80$10,262,240$1,690,385$808,971$7,568,120
81$11,250,145$1,714,370$777,228$8,245,266
82$12,336,963$1,737,678$742,569$8,989,427
83$13,532,725$1,760,215$704,836$9,807,413
84$14,848,482$1,781,885$663,867$10,706,727
85$16,296,412$1,802,582$619,492$11,695,639
86$17,889,933$1,822,196$571,531$12,783,263
87$19,643,828$1,840,605$519,800$13,979,645
88$21,574,388$1,857,684$464,102$15,295,854
89$23,699,562$1,873,297$404,236$16,744,093
90$26,039,128$1,887,300$339,989$18,337,808
91$28,614,879$1,899,538$271,139$20,091,820
92$31,450,830$1,909,848$197,455$22,022,461
93$34,573,441$1,918,057$118,696$24,147,732
94$38,011,868$1,923,978$34,609$26,487,473
95$41,798,241$1,927,416$0$29,063,549
96$45,967,963$1,928,160$0$31,907,704
97$50,560,045$1,925,990$0$35,044,468
98$55,617,475$1,920,668$0$38,498,344
99$61,187,622$1,911,946$0$42,301,633
100$67,322,685$1,899,557$0$46,489,928