Can I retire at age 53 with 950,000?

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 $950,000?

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$78,450$77,751$77,070$76,404$75,754$74,901
2 years$38,837$38,113$37,412$36,733$36,073$35,214
3 years$25,634$24,908$24,208$23,535$22,887$22,048
4 years$19,034$18,310$17,617$16,956$16,323$15,512
5 years$15,075$14,355$13,672$13,024$12,408$11,627
6 years$12,436$11,722$11,049$10,415$9,818$9,068
7 years$10,552$9,844$9,182$8,563$7,985$7,266
8 years$9,140$8,438$7,787$7,183$6,624$5,936
9 years$8,042$7,347$6,707$6,118$5,579$4,921
10 years$7,165$6,476$5,847$5,274$4,753$4,126
11 years$6,447$5,765$5,148$4,590$4,088$3,490
12 years$5,849$5,175$4,568$4,026$3,543$2,974
13 years$5,344$4,676$4,082$3,554$3,089$2,549
14 years$4,911$4,251$3,667$3,155$2,708$2,196
15 years$4,536$3,883$3,311$2,814$2,384$1,899
16 years$4,209$3,563$3,002$2,520$2,107$1,648
17 years$3,920$3,281$2,732$2,264$1,868$1,434
18 years$3,664$3,032$2,494$2,040$1,661$1,251
19 years$3,435$2,810$2,283$1,843$1,481$1,094
20 years$3,229$2,611$2,095$1,670$1,323$958
21 years$3,043$2,432$1,927$1,515$1,184$841
22 years$2,874$2,270$1,776$1,378$1,061$739
23 years$2,720$2,123$1,640$1,255$952$650
24 years$2,579$1,989$1,517$1,144$856$572
25 years$2,449$1,867$1,405$1,045$770$504
26 years$2,330$1,755$1,303$956$694$445
27 years$2,220$1,651$1,210$875$626$393
28 years$2,117$1,556$1,125$801$564$347
29 years$2,022$1,468$1,047$735$510$306
30 years$1,934$1,386$975$674$461$271
31 years$1,851$1,311$909$619$416$240
32 years$1,774$1,240$848$569$377$212
33 years$1,701$1,174$792$523$341$188
34 years$1,633$1,113$740$482$309$166
35 years$1,569$1,056$692$443$280$147
36 years$1,509$1,002$647$408$253$130
37 years$1,452$952$606$376$230$115
38 years$1,398$904$567$347$208$102
39 years$1,347$860$531$320$189$91
40 years$1,299$818$498$295$171$80
41 years$1,253$779$467$272$155$71
42 years$1,209$742$438$251$141$63
43 years$1,168$707$411$232$128$56
44 years$1,129$674$386$214$116$50
45 years$1,091$642$362$198$105$44
46 years$1,055$613$340$183$96$39
47 years$1,021$585$320$169$87$35
48 years$989$558$300$156$79$31
49 years$957$533$282$144$72$27
50 years$928$509$265$133$65$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $950,000, adding $3,466 every year, while hoping to spend $26,919 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: 39/33/28 Blend
52$950,000$950,000$950,000$950,000
53$1,050,475$1,000,125$985,400$1,082,608
54$1,128,982$1,020,490$989,769$1,126,767
55$1,214,594$1,040,950$993,383$1,171,749
56$1,308,009$1,061,482$996,187$1,219,877
57$1,409,991$1,082,060$998,125$1,271,454
58$1,521,386$1,102,657$999,137$1,326,816
59$1,643,121$1,123,241$999,162$1,386,335
60$1,776,220$1,143,780$998,135$1,450,420
61$1,921,808$1,164,239$995,986$1,519,523
62$2,081,125$1,184,580$992,644$1,594,141
63$2,255,536$1,204,761$988,035$1,674,827
64$2,446,545$1,224,738$982,078$1,762,189
65$2,655,806$1,244,463$974,691$1,856,896
66$2,885,143$1,263,887$965,787$1,959,691
67$3,136,563$1,282,953$955,277$2,071,390
68$3,412,278$1,301,603$943,064$2,192,897
69$3,714,723$1,319,774$929,049$2,325,207
70$4,046,580$1,337,398$913,128$2,469,421
71$4,410,805$1,354,405$895,192$2,626,751
72$4,810,653$1,370,716$875,126$2,798,537
73$5,249,708$1,386,250$852,812$2,986,258
74$5,731,921$1,400,919$828,123$3,191,543
75$6,261,642$1,414,628$800,930$3,416,192
76$6,843,663$1,427,279$771,096$3,662,193
77$7,483,266$1,438,765$738,477$3,931,735
78$8,186,268$1,448,973$702,924$4,227,236
79$8,959,076$1,457,782$664,281$4,551,364
80$9,808,751$1,465,063$622,384$4,907,062
81$10,743,073$1,470,680$577,063$5,297,577
82$11,770,611$1,474,488$528,139$5,726,489
83$12,900,809$1,476,333$475,427$6,197,750
84$14,144,068$1,476,050$418,730$6,715,718
85$15,511,852$1,473,466$357,847$7,285,201
86$17,016,791$1,468,395$292,565$7,911,501
87$18,672,799$1,460,642$222,661$8,600,467
88$20,495,210$1,449,999$147,905$9,358,549
89$22,500,916$1,436,244$68,055$10,192,863
90$24,708,534$1,419,144$0$11,111,253
91$27,138,572$1,398,450$0$12,127,501
92$29,813,633$1,373,900$0$13,268,053
93$32,758,618$1,345,216$0$14,523,162
94$36,000,967$1,312,101$0$15,904,518
95$39,570,916$1,274,245$0$17,425,007
96$43,501,782$1,231,315$0$19,098,833
97$47,830,278$1,182,964$0$20,941,652
98$52,596,856$1,128,819$0$22,970,722
99$57,846,094$1,068,490$0$25,205,064
100$63,627,112$1,001,562$0$27,665,645