Can I retire at age 53 with 953,000?

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 $953,000?

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$78,698$77,997$77,313$76,645$75,994$74,982
2 years$38,959$38,234$37,531$36,849$36,187$35,170
3 years$25,715$24,986$24,285$23,609$22,959$21,967
4 years$19,094$18,367$17,673$17,009$16,374$15,416
5 years$15,122$14,400$13,715$13,065$12,448$11,525
6 years$12,476$11,759$11,084$10,448$9,849$8,964
7 years$10,586$9,875$9,211$8,590$8,010$7,162
8 years$9,169$8,465$7,811$7,206$6,645$5,835
9 years$8,068$7,370$6,728$6,138$5,596$4,823
10 years$7,187$6,496$5,866$5,291$4,768$4,031
11 years$6,467$5,783$5,164$4,605$4,101$3,400
12 years$5,868$5,191$4,583$4,039$3,554$2,888
13 years$5,361$4,691$4,095$3,566$3,099$2,467
14 years$4,927$4,264$3,679$3,165$2,716$2,118
15 years$4,551$3,895$3,322$2,823$2,392$1,825
16 years$4,222$3,574$3,012$2,528$2,114$1,579
17 years$3,933$3,291$2,740$2,271$1,874$1,369
18 years$3,675$3,041$2,502$2,047$1,667$1,190
19 years$3,446$2,819$2,290$1,849$1,485$1,037
20 years$3,239$2,619$2,102$1,675$1,327$905
21 years$3,052$2,440$1,933$1,520$1,187$791
22 years$2,883$2,277$1,782$1,382$1,064$692
23 years$2,728$2,130$1,645$1,259$955$607
24 years$2,587$1,996$1,521$1,148$859$532
25 years$2,457$1,873$1,409$1,048$773$467
26 years$2,337$1,760$1,307$959$696$410
27 years$2,227$1,657$1,214$877$628$361
28 years$2,124$1,561$1,128$804$566$317
29 years$2,029$1,473$1,050$737$511$279
30 years$1,940$1,391$978$677$462$246
31 years$1,857$1,315$912$621$418$217
32 years$1,779$1,244$851$571$378$191
33 years$1,707$1,178$794$525$342$168
34 years$1,638$1,117$742$483$310$148
35 years$1,574$1,059$694$445$280$131
36 years$1,514$1,005$649$410$254$115
37 years$1,456$955$607$377$230$102
38 years$1,402$907$569$348$209$90
39 years$1,351$863$533$321$189$79
40 years$1,303$821$500$296$172$70
41 years$1,257$781$468$273$156$62
42 years$1,213$744$439$252$141$54
43 years$1,172$709$412$233$128$48
44 years$1,132$676$387$215$116$42
45 years$1,095$644$363$198$106$38
46 years$1,059$615$341$183$96$33
47 years$1,024$587$321$169$87$29
48 years$992$560$301$156$79$26
49 years$960$535$283$145$72$23
50 years$930$511$266$134$65$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $953,000, adding $3,945 every year, while hoping to spend $56,376 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: 65/10/25 Blend
52$953,000$953,000$953,000$953,000
53$1,054,275$1,003,766$988,995$1,115,680
54$1,101,828$992,967$962,142$1,146,768
55$1,152,341$979,749$932,501$1,174,056
56$1,206,058$963,935$899,918$1,202,611
57$1,263,243$945,335$864,233$1,232,561
58$1,324,188$923,751$825,278$1,264,052
59$1,389,209$898,969$782,880$1,297,243
60$1,458,657$870,767$736,854$1,332,314
61$1,532,913$838,907$687,011$1,369,464
62$1,612,394$803,138$633,151$1,408,915
63$1,697,562$763,195$575,065$1,450,915
64$1,788,918$718,797$512,535$1,495,739
65$1,887,017$669,647$445,333$1,543,693
66$1,992,464$615,430$373,223$1,595,117
67$2,105,925$555,816$295,956$1,650,390
68$2,228,131$490,453$213,272$1,709,931
69$2,359,885$418,970$124,902$1,774,208
70$2,502,070$340,976$30,563$1,843,738
71$2,655,654$256,057$0$1,919,096
72$2,821,702$163,775$0$2,019,622
73$3,001,385$63,670$0$2,137,238
74$3,195,990$0$0$2,264,651
75$3,406,931$0$0$2,407,745
76$3,635,764$0$0$2,570,630
77$3,884,200$0$0$2,747,524
78$4,154,120$0$0$2,939,774
79$4,447,594$0$0$3,148,861
80$4,766,900$0$0$3,376,416
81$5,114,544$0$0$3,624,232
82$5,493,282$0$0$3,894,284
83$5,906,148$0$0$4,188,743
84$6,356,482$0$0$4,509,999
85$6,847,959$0$0$4,860,685
86$7,384,625$0$0$5,243,697
87$7,970,933$0$0$5,662,223
88$8,611,786$0$0$6,119,775
89$9,312,583$0$0$6,620,217
90$10,079,267$0$0$7,167,805
91$10,918,382$0$0$7,767,226
92$11,837,133$0$0$8,423,639
93$12,843,458$0$0$9,142,727
94$13,946,094$0$0$9,930,748
95$15,154,665$0$0$10,794,595
96$16,479,773$0$0$11,741,857
97$17,933,090$0$0$12,780,896
98$19,527,475$0$0$13,920,921
99$21,277,092$0$0$15,172,073
100$23,197,541$0$0$16,545,526