Can I retire at age 53 with 952,000?

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 $952,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$78,615$77,915$77,232$76,565$75,914$73,191
2 years$38,918$38,194$37,491$36,810$36,149$33,436
3 years$25,688$24,960$24,259$23,585$22,935$20,316
4 years$19,074$18,348$17,655$16,991$16,357$13,852
5 years$15,107$14,385$13,701$13,051$12,434$10,051
6 years$12,463$11,747$11,072$10,437$9,839$7,578
7 years$10,575$9,865$9,201$8,581$8,002$5,863
8 years$9,159$8,456$7,803$7,198$6,638$4,620
9 years$8,059$7,362$6,721$6,131$5,590$3,689
10 years$7,180$6,490$5,859$5,285$4,763$2,977
11 years$6,460$5,777$5,159$4,600$4,097$2,421
12 years$5,862$5,185$4,578$4,035$3,550$1,981
13 years$5,355$4,686$4,090$3,562$3,096$1,629
14 years$4,921$4,260$3,675$3,162$2,714$1,345
15 years$4,546$3,891$3,318$2,820$2,389$1,114
16 years$4,218$3,570$3,008$2,525$2,112$925
17 years$3,928$3,288$2,737$2,269$1,872$770
18 years$3,671$3,038$2,499$2,044$1,665$642
19 years$3,442$2,816$2,288$1,847$1,484$536
20 years$3,236$2,617$2,100$1,673$1,325$448
21 years$3,049$2,437$1,931$1,518$1,186$375
22 years$2,880$2,275$1,780$1,381$1,063$314
23 years$2,725$2,128$1,643$1,257$954$263
24 years$2,584$1,994$1,520$1,147$858$221
25 years$2,454$1,871$1,408$1,047$772$185
26 years$2,335$1,758$1,306$958$695$155
27 years$2,224$1,655$1,212$877$627$130
28 years$2,122$1,559$1,127$803$566$109
29 years$2,027$1,471$1,049$736$511$92
30 years$1,938$1,389$977$676$461$77
31 years$1,855$1,313$911$621$417$65
32 years$1,778$1,243$850$570$377$55
33 years$1,705$1,177$793$525$342$46
34 years$1,637$1,115$741$483$309$39
35 years$1,572$1,058$693$444$280$32
36 years$1,512$1,004$648$409$254$27
37 years$1,455$954$607$377$230$23
38 years$1,401$906$568$348$209$19
39 years$1,350$862$532$320$189$16
40 years$1,302$820$499$296$172$14
41 years$1,256$781$468$273$156$11
42 years$1,212$743$439$252$141$10
43 years$1,171$708$412$232$128$8
44 years$1,131$675$387$214$116$7
45 years$1,094$644$363$198$106$6
46 years$1,058$614$341$183$96$5
47 years$1,023$586$320$169$87$4
48 years$991$559$301$156$79$3
49 years$959$534$283$144$72$3
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 $952,000, adding $4,547 every year, while hoping to spend $28,479 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: 60/30/10 Blend
52$952,000$952,000$952,000$952,000
53$1,053,794$1,003,338$988,582$1,114,318
54$1,130,980$1,022,200$991,398$1,174,353
55$1,215,084$1,041,032$993,354$1,236,166
56$1,306,782$1,059,802$994,391$1,302,889
57$1,406,818$1,078,477$994,447$1,374,996
58$1,516,009$1,097,018$993,457$1,453,009
59$1,635,258$1,115,388$991,354$1,537,506
60$1,765,556$1,133,543$988,066$1,629,121
61$1,907,994$1,151,438$983,517$1,728,553
62$2,063,775$1,169,024$977,631$1,836,576
63$2,234,222$1,186,249$970,324$1,954,038
64$2,420,793$1,203,055$961,510$2,081,877
65$2,625,093$1,219,384$951,099$2,221,125
66$2,848,889$1,235,170$938,998$2,372,923
67$3,094,127$1,250,345$925,105$2,538,524
68$3,362,951$1,264,835$909,319$2,719,312
69$3,657,721$1,278,561$891,531$2,916,812
70$3,981,038$1,291,440$871,627$3,132,706
71$4,335,766$1,303,383$849,488$3,368,846
72$4,725,059$1,314,293$824,991$3,627,277
73$5,152,392$1,324,070$798,005$3,910,249
74$5,621,591$1,332,606$768,394$4,220,246
75$6,136,875$1,339,785$736,016$4,560,005
76$6,702,887$1,345,485$700,723$4,932,543
77$7,324,743$1,349,575$662,359$5,341,187
78$8,008,081$1,351,919$620,763$5,789,603
79$8,759,110$1,352,367$575,763$6,281,833
80$9,584,671$1,350,766$527,183$6,822,334
81$10,492,302$1,346,948$474,838$7,416,017
82$11,490,306$1,340,737$418,535$8,068,299
83$12,587,832$1,331,948$358,070$8,785,148
84$13,794,960$1,320,382$293,234$9,573,146
85$15,122,794$1,305,829$223,806$10,439,546
86$16,583,570$1,288,066$149,555$11,392,346
87$18,190,771$1,266,858$70,241$12,440,360
88$19,959,250$1,241,954$0$13,593,306
89$21,905,374$1,213,091$0$14,863,431
90$24,047,177$1,179,987$0$16,269,105
91$26,404,528$1,142,345$0$17,815,870
92$28,999,323$1,099,852$0$19,518,103
93$31,855,684$1,052,176$0$21,391,650
94$35,000,195$998,963$0$23,453,978
95$38,462,146$939,844$0$25,724,335
96$42,273,811$874,423$0$28,223,938
97$46,470,755$802,284$0$30,976,171
98$51,092,165$722,990$0$34,006,806
99$56,181,223$636,073$0$37,344,249
100$61,785,511$541,044$0$41,019,805