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%13.5%
1 years$78,368$77,669$76,988$76,324$75,675$74,575
2 years$38,796$38,073$37,373$36,694$36,036$34,930
3 years$25,607$24,881$24,183$23,510$22,862$21,785
4 years$19,014$18,290$17,599$16,938$16,306$15,265
5 years$15,059$14,340$13,657$13,010$12,395$11,394
6 years$12,423$11,710$11,037$10,404$9,808$8,848
7 years$10,541$9,834$9,172$8,554$7,977$7,058
8 years$9,131$8,429$7,779$7,176$6,617$5,740
9 years$8,034$7,339$6,700$6,112$5,573$4,736
10 years$7,157$6,469$5,841$5,269$4,748$3,951
11 years$6,440$5,759$5,142$4,585$4,084$3,326
12 years$5,843$5,169$4,564$4,022$3,539$2,820
13 years$5,338$4,671$4,077$3,551$3,086$2,404
14 years$4,906$4,246$3,663$3,152$2,705$2,060
15 years$4,532$3,879$3,308$2,811$2,382$1,772
16 years$4,204$3,559$2,999$2,517$2,105$1,529
17 years$3,916$3,278$2,729$2,261$1,866$1,323
18 years$3,660$3,029$2,491$2,038$1,660$1,148
19 years$3,431$2,807$2,280$1,842$1,479$998
20 years$3,225$2,608$2,093$1,668$1,321$869
21 years$3,039$2,430$1,925$1,514$1,182$758
22 years$2,871$2,268$1,774$1,376$1,060$662
23 years$2,717$2,121$1,638$1,253$951$578
24 years$2,576$1,987$1,515$1,143$855$506
25 years$2,447$1,865$1,403$1,044$769$443
26 years$2,327$1,753$1,301$955$693$389
27 years$2,217$1,650$1,209$874$625$341
28 years$2,115$1,554$1,123$801$564$299
29 years$2,020$1,466$1,045$734$509$263
30 years$1,932$1,385$974$674$460$231
31 years$1,849$1,309$908$619$416$203
32 years$1,772$1,239$847$569$376$178
33 years$1,700$1,173$791$523$340$157
34 years$1,632$1,112$739$481$308$138
35 years$1,568$1,055$691$443$279$121
36 years$1,507$1,001$646$408$253$107
37 years$1,450$951$605$376$229$94
38 years$1,397$903$566$346$208$83
39 years$1,346$859$531$319$189$73
40 years$1,297$817$497$295$171$64
41 years$1,252$778$466$272$155$56
42 years$1,208$741$438$251$141$50
43 years$1,167$706$411$232$128$44
44 years$1,128$673$385$214$116$38
45 years$1,090$642$362$197$105$34
46 years$1,054$612$340$182$96$30
47 years$1,020$584$319$169$87$26
48 years$988$558$300$156$79$23
49 years$956$533$282$144$72$20
50 years$927$509$265$133$65$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $949,000, adding $3,628 every year, while hoping to spend $47,684 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: 24/47/29 Blend
52$949,000$949,000$949,000$949,000
53$1,049,540$999,243$984,534$1,065,105
54$1,105,858$997,471$966,780$1,076,922
55$1,166,322$994,013$946,834$1,085,322
56$1,231,305$988,738$924,571$1,093,330
57$1,301,215$981,504$899,861$1,100,944
58$1,376,503$972,161$872,570$1,108,171
59$1,457,660$960,551$842,555$1,115,019
60$1,545,230$946,506$809,669$1,121,505
61$1,639,806$929,848$773,756$1,127,652
62$1,742,043$910,387$734,654$1,133,492
63$1,852,661$887,925$692,194$1,139,065
64$1,972,449$862,250$646,199$1,144,423
65$2,102,276$833,137$596,484$1,149,630
66$2,243,097$800,350$542,855$1,154,765
67$2,395,963$763,638$485,111$1,159,921
68$2,562,030$722,735$423,041$1,165,209
69$2,742,568$677,360$356,424$1,170,762
70$2,938,977$627,217$285,031$1,176,734
71$3,152,794$571,993$208,621$1,183,307
72$3,385,713$511,354$126,944$1,190,687
73$3,639,597$444,952$39,738$1,199,119
74$3,916,496$372,414$0$1,208,879
75$4,218,667$293,351$0$1,236,787
76$4,548,594$207,348$0$1,280,901
77$4,909,012$113,969$0$1,329,419
78$5,302,930$12,753$0$1,382,909
79$5,733,665$0$0$1,442,007
80$6,204,864$0$0$1,557,482
81$6,720,546$0$0$1,691,236
82$7,285,135$0$0$1,837,843
83$7,903,503$0$0$1,998,588
84$8,581,017$0$0$2,174,887
85$9,323,585$0$0$2,368,301
86$10,137,715$0$0$2,580,548
87$11,030,574$0$0$2,813,520
88$12,010,058$0$0$3,069,303
89$13,084,862$0$0$3,350,193
90$14,264,564$0$0$3,658,720
91$15,559,714$0$0$3,997,671
92$16,981,935$0$0$4,370,117
93$18,544,028$0$0$4,779,439
94$20,260,099$0$0$5,229,366
95$22,145,683$0$0$5,724,000
96$24,217,896$0$0$6,267,867
97$26,495,596$0$0$6,865,949
98$28,999,557$0$0$7,523,736
99$31,752,666$0$0$8,247,277
100$34,780,140$0$0$9,043,237