Can I retire at age 53 with 951,000?

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 $951,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$78,533$77,833$77,151$76,485$75,834$74,824
2 years$38,878$38,154$37,452$36,771$36,111$35,096
3 years$25,661$24,934$24,234$23,560$22,911$21,921
4 years$19,054$18,329$17,636$16,974$16,340$15,383
5 years$15,091$14,370$13,686$13,037$12,421$11,501
6 years$12,449$11,734$11,061$10,426$9,829$8,945
7 years$10,564$9,854$9,191$8,572$7,993$7,147
8 years$9,150$8,447$7,795$7,191$6,631$5,823
9 years$8,051$7,355$6,714$6,125$5,584$4,813
10 years$7,172$6,483$5,853$5,280$4,758$4,023
11 years$6,454$5,771$5,153$4,595$4,092$3,393
12 years$5,855$5,180$4,573$4,030$3,546$2,882
13 years$5,350$4,681$4,086$3,558$3,092$2,462
14 years$4,916$4,255$3,671$3,159$2,711$2,113
15 years$4,541$3,887$3,315$2,817$2,387$1,821
16 years$4,213$3,566$3,005$2,522$2,109$1,575
17 years$3,924$3,284$2,735$2,266$1,870$1,366
18 years$3,668$3,035$2,496$2,042$1,663$1,188
19 years$3,438$2,813$2,285$1,845$1,482$1,035
20 years$3,232$2,614$2,097$1,671$1,324$903
21 years$3,046$2,435$1,929$1,517$1,185$789
22 years$2,877$2,273$1,778$1,379$1,062$691
23 years$2,723$2,126$1,642$1,256$953$605
24 years$2,581$1,992$1,518$1,146$857$531
25 years$2,452$1,869$1,406$1,046$771$466
26 years$2,332$1,756$1,304$957$695$409
27 years$2,222$1,653$1,211$876$626$360
28 years$2,120$1,558$1,126$802$565$317
29 years$2,024$1,469$1,048$736$510$279
30 years$1,936$1,388$976$675$461$245
31 years$1,853$1,312$910$620$417$216
32 years$1,776$1,241$849$570$377$190
33 years$1,703$1,176$793$524$341$168
34 years$1,635$1,114$741$482$309$148
35 years$1,571$1,057$692$444$280$131
36 years$1,510$1,003$648$409$254$115
37 years$1,453$953$606$377$230$102
38 years$1,399$905$568$347$208$90
39 years$1,348$861$532$320$189$79
40 years$1,300$819$499$295$171$70
41 years$1,254$780$467$272$155$62
42 years$1,211$743$438$251$141$54
43 years$1,169$707$411$232$128$48
44 years$1,130$674$386$214$116$42
45 years$1,092$643$363$198$105$37
46 years$1,057$613$341$183$96$33
47 years$1,022$585$320$169$87$29
48 years$990$559$301$156$79$26
49 years$958$534$283$144$72$23
50 years$929$510$266$133$65$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $951,000, adding $2,027 every year, while hoping to spend $43,637 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: 52/21/27 Blend
52$951,000$951,000$951,000$951,000
53$1,050,093$999,690$984,949$1,096,661
54$1,110,773$1,002,245$971,516$1,131,759
55$1,176,180$1,003,463$956,170$1,165,331
56$1,246,750$1,003,232$938,801$1,200,982
57$1,322,961$1,001,434$919,294$1,238,928
58$1,405,342$997,943$897,528$1,279,409
59$1,494,469$992,624$873,378$1,322,691
60$1,590,979$985,338$846,711$1,369,073
61$1,695,572$975,932$817,389$1,418,882
62$1,809,017$964,249$785,267$1,472,485
63$1,932,158$950,118$750,195$1,530,286
64$2,065,926$933,362$712,015$1,592,735
65$2,211,344$913,791$670,561$1,660,331
66$2,369,538$891,203$625,661$1,733,626
67$2,541,745$865,386$577,135$1,813,233
68$2,729,329$836,116$524,795$1,899,832
69$2,933,789$803,154$468,444$1,994,173
70$3,156,774$766,248$407,876$2,097,090
71$3,400,102$725,131$342,877$2,209,505
72$3,665,772$679,522$273,223$2,332,440
73$3,955,984$629,121$198,679$2,467,024
74$4,273,161$573,615$119,001$2,614,509
75$4,619,971$512,670$33,935$2,776,279
76$4,999,350$445,932$0$2,953,864
77$5,414,532$373,032$0$3,165,336
78$5,869,078$293,574$0$3,407,689
79$6,366,909$207,145$0$3,673,290
80$6,912,344$113,304$0$3,964,518
81$7,510,137$11,590$0$4,283,993
82$8,165,526$0$0$4,634,610
83$8,884,279$0$0$5,042,318
84$9,672,750$0$0$5,492,609
85$10,537,937$0$0$5,986,812
86$11,487,547$0$0$6,529,344
87$12,530,073$0$0$7,125,068
88$13,674,865$0$0$7,779,342
89$14,932,229$0$0$8,498,069
90$16,313,513$0$0$9,287,751
91$17,831,222$0$0$10,155,552
92$19,499,129$0$0$11,109,362
93$21,332,410$0$0$12,157,876
94$23,347,783$0$0$13,310,673
95$25,563,668$0$0$14,578,304
96$28,000,357$0$0$15,972,398
97$30,680,208$0$0$17,505,762
98$33,627,854$0$0$19,192,512
99$36,870,435$0$0$21,048,196
100$40,437,854$0$0$23,089,949