Can I retire at age 53 with 946,000?

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 $946,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$78,120$77,424$76,745$76,082$75,435$74,586
2 years$38,673$37,953$37,255$36,578$35,922$35,066
3 years$25,526$24,803$24,106$23,436$22,790$21,955
4 years$18,954$18,233$17,543$16,884$16,254$15,447
5 years$15,011$14,295$13,614$12,969$12,356$11,578
6 years$12,384$11,673$11,002$10,371$9,777$9,030
7 years$10,508$9,803$9,143$8,527$7,951$7,235
8 years$9,102$8,403$7,754$7,153$6,596$5,911
9 years$8,008$7,316$6,679$6,093$5,555$4,900
10 years$7,134$6,449$5,822$5,252$4,733$4,109
11 years$6,420$5,741$5,126$4,571$4,071$3,476
12 years$5,825$5,153$4,549$4,009$3,528$2,962
13 years$5,321$4,657$4,064$3,539$3,076$2,538
14 years$4,890$4,233$3,652$3,142$2,697$2,186
15 years$4,517$3,867$3,297$2,802$2,374$1,891
16 years$4,191$3,548$2,989$2,509$2,098$1,641
17 years$3,904$3,267$2,720$2,254$1,861$1,428
18 years$3,648$3,019$2,483$2,032$1,654$1,246
19 years$3,420$2,798$2,273$1,836$1,475$1,089
20 years$3,215$2,600$2,086$1,663$1,317$954
21 years$3,030$2,422$1,919$1,509$1,179$837
22 years$2,862$2,261$1,769$1,372$1,056$736
23 years$2,708$2,114$1,633$1,249$948$647
24 years$2,568$1,981$1,510$1,140$852$570
25 years$2,439$1,859$1,399$1,041$767$502
26 years$2,320$1,747$1,297$952$691$443
27 years$2,210$1,644$1,205$871$623$391
28 years$2,108$1,549$1,120$798$562$345
29 years$2,014$1,462$1,042$732$508$305
30 years$1,926$1,380$971$672$459$270
31 years$1,843$1,305$905$617$415$239
32 years$1,766$1,235$844$567$375$211
33 years$1,694$1,169$788$521$339$187
34 years$1,626$1,108$737$480$307$165
35 years$1,563$1,051$689$442$278$146
36 years$1,502$998$644$407$252$130
37 years$1,446$948$603$375$229$115
38 years$1,392$901$565$345$207$102
39 years$1,341$856$529$318$188$90
40 years$1,293$815$496$294$170$80
41 years$1,248$776$465$271$155$71
42 years$1,204$739$436$250$140$63
43 years$1,163$704$409$231$127$56
44 years$1,124$671$384$213$116$49
45 years$1,087$640$361$197$105$44
46 years$1,051$610$339$182$95$39
47 years$1,017$582$318$168$87$34
48 years$984$556$299$155$79$31
49 years$953$531$281$143$71$27
50 years$924$507$264$133$65$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $946,000, adding $2,542 every year, while hoping to spend $22,632 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: 76/15/9 Blend
52$946,000$946,000$946,000$946,000
53$1,045,114$994,976$980,313$1,122,817
54$1,127,635$1,019,650$989,073$1,198,974
55$1,217,815$1,044,774$997,368$1,279,293
56$1,316,411$1,070,346$1,005,159$1,366,686
57$1,424,257$1,096,365$1,012,404$1,461,848
58$1,542,271$1,122,826$1,019,058$1,565,543
59$1,671,463$1,149,725$1,025,077$1,678,611
60$1,812,947$1,177,056$1,030,412$1,801,982
61$1,967,948$1,204,813$1,035,012$1,936,674
62$2,137,817$1,232,988$1,038,824$2,083,814
63$2,324,041$1,261,571$1,041,791$2,244,639
64$2,528,257$1,290,551$1,043,854$2,420,514
65$2,752,269$1,319,918$1,044,953$2,612,942
66$2,998,063$1,349,656$1,045,021$2,823,579
67$3,267,827$1,379,751$1,043,991$3,054,249
68$3,563,972$1,410,186$1,041,792$3,306,960
69$3,889,153$1,440,941$1,038,348$3,583,927
70$4,246,295$1,471,995$1,033,580$3,887,590
71$4,638,619$1,503,324$1,027,407$4,220,634
72$5,069,675$1,534,904$1,019,742$4,586,021
73$5,543,373$1,566,706$1,010,495$4,987,013
74$6,064,021$1,598,698$999,570$5,427,204
75$6,636,365$1,630,848$986,870$5,910,555
76$7,265,633$1,663,118$972,288$6,441,429
77$7,957,585$1,695,469$955,718$7,024,634
78$8,718,569$1,727,857$937,044$7,665,468
79$9,555,576$1,760,235$916,148$8,369,770
80$10,476,311$1,792,553$892,906$9,143,971
81$11,489,262$1,824,755$867,185$9,995,162
82$12,603,781$1,856,783$838,851$10,931,153
83$13,830,174$1,888,572$807,759$11,960,550
84$15,179,794$1,920,055$773,762$13,092,839
85$16,665,153$1,951,157$736,702$14,338,473
86$18,300,034$1,981,799$696,417$15,708,967
87$20,099,626$2,011,896$652,736$17,217,014
88$22,080,666$2,041,357$605,481$18,876,601
89$24,261,595$2,070,085$554,465$20,703,138
90$26,662,732$2,097,974$499,495$22,713,612
91$29,306,469$2,124,912$440,366$24,926,737
92$32,217,478$2,150,782$376,867$27,363,139
93$35,422,944$2,175,454$308,776$30,045,546
94$38,952,825$2,198,792$235,861$32,999,006
95$42,840,132$2,220,651$157,880$36,251,120
96$47,121,239$2,240,876$74,583$39,832,304
97$51,836,228$2,259,302$0$43,776,080
98$57,029,267$2,275,752$0$48,120,758
99$62,749,028$2,290,039$0$52,913,405
100$69,049,141$2,301,964$0$58,191,736