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%13.6%
1 years$78,615$77,915$77,232$76,565$75,914$74,779
2 years$38,918$38,194$37,491$36,810$36,149$35,009
3 years$25,688$24,960$24,259$23,585$22,935$21,824
4 years$19,074$18,348$17,655$16,991$16,357$15,284
5 years$15,107$14,385$13,701$13,051$12,434$11,403
6 years$12,463$11,747$11,072$10,437$9,839$8,850
7 years$10,575$9,865$9,201$8,581$8,002$7,055
8 years$9,159$8,456$7,803$7,198$6,638$5,734
9 years$8,059$7,362$6,721$6,131$5,590$4,729
10 years$7,180$6,490$5,859$5,285$4,763$3,943
11 years$6,460$5,777$5,159$4,600$4,097$3,317
12 years$5,862$5,185$4,578$4,035$3,550$2,810
13 years$5,355$4,686$4,090$3,562$3,096$2,395
14 years$4,921$4,260$3,675$3,162$2,714$2,050
15 years$4,546$3,891$3,318$2,820$2,389$1,762
16 years$4,218$3,570$3,008$2,525$2,112$1,520
17 years$3,928$3,288$2,737$2,269$1,872$1,314
18 years$3,671$3,038$2,499$2,044$1,665$1,139
19 years$3,442$2,816$2,288$1,847$1,484$990
20 years$3,236$2,617$2,100$1,673$1,325$861
21 years$3,049$2,437$1,931$1,518$1,186$750
22 years$2,880$2,275$1,780$1,381$1,063$655
23 years$2,725$2,128$1,643$1,257$954$572
24 years$2,584$1,994$1,520$1,147$858$500
25 years$2,454$1,871$1,408$1,047$772$438
26 years$2,335$1,758$1,306$958$695$383
27 years$2,224$1,655$1,212$877$627$336
28 years$2,122$1,559$1,127$803$566$295
29 years$2,027$1,471$1,049$736$511$258
30 years$1,938$1,389$977$676$461$227
31 years$1,855$1,313$911$621$417$199
32 years$1,778$1,243$850$570$377$175
33 years$1,705$1,177$793$525$342$154
34 years$1,637$1,115$741$483$309$135
35 years$1,572$1,058$693$444$280$119
36 years$1,512$1,004$648$409$254$104
37 years$1,455$954$607$377$230$92
38 years$1,401$906$568$348$209$81
39 years$1,350$862$532$320$189$71
40 years$1,302$820$499$296$172$62
41 years$1,256$781$468$273$156$55
42 years$1,212$743$439$252$141$48
43 years$1,171$708$412$232$128$42
44 years$1,131$675$387$214$116$37
45 years$1,094$644$363$198$106$33
46 years$1,058$614$341$183$96$29
47 years$1,023$586$320$169$87$25
48 years$991$559$301$156$79$22
49 years$959$534$283$144$72$20
50 years$929$510$266$133$65$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $952,000, adding $6,164 every year, while hoping to spend $28,890 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: 51/26/23 Blend
52$952,000$952,000$952,000$952,000
53$1,055,462$1,005,006$990,250$1,102,223
54$1,132,381$1,023,513$992,685$1,153,767
55$1,216,176$1,041,958$994,233$1,206,331
56$1,307,521$1,060,308$994,834$1,262,888
57$1,407,152$1,078,527$994,425$1,323,829
58$1,515,882$1,096,576$992,939$1,389,585
59$1,634,608$1,114,414$990,308$1,460,630
60$1,764,312$1,131,994$986,458$1,537,488
61$1,906,080$1,149,270$981,312$1,620,737
62$2,061,105$1,166,190$974,791$1,711,016
63$2,230,702$1,182,697$966,811$1,809,029
64$2,416,318$1,198,733$957,283$1,915,550
65$2,619,546$1,214,235$946,116$2,031,437
66$2,842,142$1,229,134$933,213$2,157,636
67$3,086,037$1,243,359$918,472$2,295,187
68$3,353,361$1,256,832$901,789$2,445,243
69$3,646,457$1,269,469$883,052$2,609,070
70$3,967,907$1,281,185$862,146$2,788,068
71$4,320,554$1,291,884$838,949$2,983,783
72$4,707,532$1,301,467$813,334$3,197,915
73$5,132,288$1,309,827$785,169$3,432,345
74$5,598,624$1,316,851$754,315$3,689,143
75$6,110,726$1,322,419$720,627$3,970,596
76$6,673,206$1,326,403$683,953$4,279,224
77$7,291,142$1,328,666$644,135$4,617,808
78$7,970,132$1,329,065$601,007$4,989,414
79$8,716,341$1,327,444$554,396$5,397,424
80$9,536,561$1,323,642$504,121$5,845,569
81$10,438,274$1,317,484$449,993$6,337,961
82$11,429,725$1,308,788$391,815$6,879,138
83$12,519,997$1,297,358$329,381$7,474,101
84$13,719,096$1,282,988$262,475$8,128,368
85$15,038,048$1,265,459$190,872$8,848,022
86$16,489,001$1,244,539$114,338$9,639,772
87$18,085,339$1,219,981$32,628$10,511,014
88$19,841,808$1,191,525$0$11,469,906
89$21,774,659$1,158,896$0$12,538,832
90$23,901,793$1,121,800$0$13,723,732
91$26,242,937$1,079,930$0$15,027,594
92$28,819,828$1,032,958$0$16,462,543
93$31,656,415$980,538$0$18,041,945
94$34,779,089$922,303$0$19,780,530
95$38,216,927$857,867$0$21,694,537
96$42,001,971$786,821$0$23,801,860
97$46,169,528$708,731$0$26,122,223
98$50,758,502$623,140$0$28,677,367
99$55,811,760$529,565$0$31,491,252
100$61,376,542$427,496$0$34,590,286