Can I retire at age 53 with 951,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%19.3%
1 years$78,533$77,833$77,151$76,485$75,834$72,998
2 years$38,878$38,154$37,452$36,771$36,111$33,287
3 years$25,661$24,934$24,234$23,560$22,911$20,186
4 years$19,054$18,329$17,636$16,974$16,340$13,737
5 years$15,091$14,370$13,686$13,037$12,421$9,946
6 years$12,449$11,734$11,061$10,426$9,829$7,482
7 years$10,564$9,854$9,191$8,572$7,993$5,775
8 years$9,150$8,447$7,795$7,191$6,631$4,540
9 years$8,051$7,355$6,714$6,125$5,584$3,617
10 years$7,172$6,483$5,853$5,280$4,758$2,911
11 years$6,454$5,771$5,153$4,595$4,092$2,361
12 years$5,855$5,180$4,573$4,030$3,546$1,927
13 years$5,350$4,681$4,086$3,558$3,092$1,580
14 years$4,916$4,255$3,671$3,159$2,711$1,301
15 years$4,541$3,887$3,315$2,817$2,387$1,074
16 years$4,213$3,566$3,005$2,522$2,109$890
17 years$3,924$3,284$2,735$2,266$1,870$738
18 years$3,668$3,035$2,496$2,042$1,663$614
19 years$3,438$2,813$2,285$1,845$1,482$511
20 years$3,232$2,614$2,097$1,671$1,324$426
21 years$3,046$2,435$1,929$1,517$1,185$355
22 years$2,877$2,273$1,778$1,379$1,062$296
23 years$2,723$2,126$1,642$1,256$953$248
24 years$2,581$1,992$1,518$1,146$857$207
25 years$2,452$1,869$1,406$1,046$771$173
26 years$2,332$1,756$1,304$957$695$145
27 years$2,222$1,653$1,211$876$626$121
28 years$2,120$1,558$1,126$802$565$101
29 years$2,024$1,469$1,048$736$510$85
30 years$1,936$1,388$976$675$461$71
31 years$1,853$1,312$910$620$417$60
32 years$1,776$1,241$849$570$377$50
33 years$1,703$1,176$793$524$341$42
34 years$1,635$1,114$741$482$309$35
35 years$1,571$1,057$692$444$280$29
36 years$1,510$1,003$648$409$254$25
37 years$1,453$953$606$377$230$21
38 years$1,399$905$568$347$208$17
39 years$1,348$861$532$320$189$14
40 years$1,300$819$499$295$171$12
41 years$1,254$780$467$272$155$10
42 years$1,211$743$438$251$141$9
43 years$1,169$707$411$232$128$7
44 years$1,130$674$386$214$116$6
45 years$1,092$643$363$198$105$5
46 years$1,057$613$341$183$96$4
47 years$1,022$585$320$169$87$4
48 years$990$559$301$156$79$3
49 years$958$534$283$144$72$2
50 years$929$510$266$133$65$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $951,000, adding $2,319 every year, while hoping to spend $24,776 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: 54/24/22 Blend
52$951,000$951,000$951,000$951,000
53$1,050,394$999,991$985,251$1,100,665
54$1,131,173$1,022,629$991,895$1,158,079
55$1,219,361$1,045,546$997,932$1,217,761
56$1,315,687$1,068,729$1,003,314$1,282,207
57$1,420,955$1,092,165$1,007,993$1,351,880
58$1,536,049$1,115,838$1,011,917$1,427,290
59$1,661,943$1,139,731$1,015,033$1,509,000
60$1,799,708$1,163,825$1,017,284$1,597,631
61$1,950,525$1,188,099$1,018,610$1,693,866
62$2,115,694$1,212,531$1,018,948$1,798,459
63$2,296,645$1,237,095$1,018,234$1,912,241
64$2,494,956$1,261,766$1,016,398$2,036,127
65$2,712,362$1,286,513$1,013,368$2,171,126
66$2,950,776$1,311,305$1,009,068$2,318,352
67$3,212,303$1,336,107$1,003,420$2,479,031
68$3,499,263$1,360,882$996,340$2,654,515
69$3,814,211$1,385,588$987,740$2,846,294
70$4,159,962$1,410,183$977,531$3,056,012
71$4,539,615$1,434,619$965,615$3,285,480
72$4,956,586$1,458,846$951,894$3,536,695
73$5,414,637$1,482,808$936,261$3,811,858
74$5,917,912$1,506,448$918,608$4,113,396
75$6,470,977$1,529,702$898,819$4,443,984
76$7,078,862$1,552,503$876,775$4,806,570
77$7,747,108$1,574,778$852,350$5,204,406
78$8,481,821$1,596,450$825,411$5,641,076
79$9,289,727$1,617,436$795,822$6,120,530
80$10,178,236$1,637,647$763,439$6,647,124
81$11,155,513$1,656,989$728,112$7,225,657
82$12,230,554$1,675,360$689,682$7,861,422
83$13,413,270$1,692,652$647,986$8,560,252
84$14,714,582$1,708,750$602,852$9,328,579
85$16,146,522$1,723,532$554,100$10,173,491
86$17,722,349$1,736,866$501,544$11,102,803
87$19,456,669$1,748,614$444,986$12,125,126
88$21,365,580$1,758,626$384,223$13,249,957
89$23,466,815$1,766,745$319,041$14,487,761
90$25,779,918$1,772,803$249,217$15,850,074
91$28,326,421$1,776,622$174,517$17,349,612
92$31,130,052$1,778,012$94,699$19,000,392
93$34,216,954$1,776,772$9,509$20,817,865
94$37,615,937$1,772,687$0$22,819,058
95$41,358,745$1,765,532$0$25,041,853
96$45,480,359$1,755,064$0$27,491,453
97$50,019,321$1,741,028$0$30,188,498
98$55,018,107$1,723,154$0$33,158,193
99$60,523,519$1,701,153$0$36,428,316
100$66,587,130$1,674,722$0$40,029,482