Can I retire at age 53 with 949,000?

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 $949,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$78,368$77,669$76,988$76,324$75,675$74,884
2 years$38,796$38,073$37,373$36,694$36,036$35,240
3 years$25,607$24,881$24,183$23,510$22,862$22,086
4 years$19,014$18,290$17,599$16,938$16,306$15,554
5 years$15,059$14,340$13,657$13,010$12,395$11,671
6 years$12,423$11,710$11,037$10,404$9,808$9,112
7 years$10,541$9,834$9,172$8,554$7,977$7,309
8 years$9,131$8,429$7,779$7,176$6,617$5,978
9 years$8,034$7,339$6,700$6,112$5,573$4,962
10 years$7,157$6,469$5,841$5,269$4,748$4,165
11 years$6,440$5,759$5,142$4,585$4,084$3,528
12 years$5,843$5,169$4,564$4,022$3,539$3,010
13 years$5,338$4,671$4,077$3,551$3,086$2,583
14 years$4,906$4,246$3,663$3,152$2,705$2,228
15 years$4,532$3,879$3,308$2,811$2,382$1,929
16 years$4,204$3,559$2,999$2,517$2,105$1,677
17 years$3,916$3,278$2,729$2,261$1,866$1,461
18 years$3,660$3,029$2,491$2,038$1,660$1,277
19 years$3,431$2,807$2,280$1,842$1,479$1,118
20 years$3,225$2,608$2,093$1,668$1,321$981
21 years$3,039$2,430$1,925$1,514$1,182$862
22 years$2,871$2,268$1,774$1,376$1,060$758
23 years$2,717$2,121$1,638$1,253$951$668
24 years$2,576$1,987$1,515$1,143$855$589
25 years$2,447$1,865$1,403$1,044$769$520
26 years$2,327$1,753$1,301$955$693$459
27 years$2,217$1,650$1,209$874$625$406
28 years$2,115$1,554$1,123$801$564$359
29 years$2,020$1,466$1,045$734$509$318
30 years$1,932$1,385$974$674$460$282
31 years$1,849$1,309$908$619$416$249
32 years$1,772$1,239$847$569$376$221
33 years$1,700$1,173$791$523$340$196
34 years$1,632$1,112$739$481$308$174
35 years$1,568$1,055$691$443$279$154
36 years$1,507$1,001$646$408$253$137
37 years$1,450$951$605$376$229$121
38 years$1,397$903$566$346$208$108
39 years$1,346$859$531$319$189$96
40 years$1,297$817$497$295$171$85
41 years$1,252$778$466$272$155$75
42 years$1,208$741$438$251$141$67
43 years$1,167$706$411$232$128$59
44 years$1,128$673$385$214$116$53
45 years$1,090$642$362$197$105$47
46 years$1,054$612$340$182$96$42
47 years$1,020$584$319$169$87$37
48 years$988$558$300$156$79$33
49 years$956$533$282$144$72$29
50 years$927$509$265$133$65$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $949,000, adding $6,208 every year, while hoping to spend $57,538 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: 46/35/19 Blend
52$949,000$949,000$949,000$949,000
53$1,052,202$1,001,905$987,195$1,094,631
54$1,098,306$989,778$959,046$1,112,785
55$1,147,185$975,129$928,026$1,126,229
56$1,199,060$957,772$893,977$1,139,607
57$1,254,175$937,514$856,736$1,152,940
58$1,312,795$914,146$816,131$1,166,252
59$1,375,211$887,450$771,982$1,179,575
60$1,441,742$857,194$724,102$1,192,949
61$1,512,735$823,133$672,296$1,206,422
62$1,588,575$785,007$616,358$1,220,053
63$1,669,678$742,541$556,075$1,233,911
64$1,756,504$695,445$491,223$1,248,079
65$1,849,558$643,411$421,569$1,262,653
66$1,949,390$586,116$346,868$1,277,746
67$2,056,607$523,215$266,868$1,293,490
68$2,171,874$454,346$181,301$1,310,037
69$2,295,922$379,125$89,891$1,327,562
70$2,429,551$297,148$0$1,346,266
71$2,573,644$207,986$0$1,367,932
72$2,729,167$111,188$0$1,410,819
73$2,897,182$6,277$0$1,457,047
74$3,078,859$0$0$1,507,023
75$3,275,482$0$0$1,602,509
76$3,488,461$0$0$1,708,649
77$3,719,348$0$0$1,823,809
78$3,969,851$0$0$1,948,853
79$4,241,845$0$0$2,084,731
80$4,537,396$0$0$2,232,487
81$4,858,773$0$0$2,393,270
82$5,208,476$0$0$2,568,344
83$5,589,253$0$0$2,759,102
84$6,004,129$0$0$2,967,073
85$6,456,432$0$0$3,193,944
86$6,949,827$0$0$3,441,568
87$7,488,345$0$0$3,711,989
88$8,076,426$0$0$4,007,453
89$8,718,955$0$0$4,330,434
90$9,421,313$0$0$4,683,658
91$10,189,421$0$0$5,070,123
92$11,029,801$0$0$5,493,133
93$11,949,634$0$0$5,956,325
94$12,956,825$0$0$6,463,703
95$14,060,082$0$0$7,019,678
96$15,268,993$0$0$7,629,108
97$16,594,119$0$0$8,297,343
98$18,047,090$0$0$9,030,275
99$19,640,716$0$0$9,834,394
100$21,389,106$0$0$10,716,848