Can I retire at age 53 with 954,000?

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 $954,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$78,780$78,079$77,394$76,726$76,073$74,084
2 years$39,000$38,274$37,570$36,887$36,225$34,235
3 years$25,742$25,012$24,310$23,634$22,983$21,053
4 years$19,114$18,387$17,692$17,027$16,392$14,538
5 years$15,138$14,415$13,729$13,078$12,461$10,688
6 years$12,489$11,771$11,095$10,459$9,860$8,169
7 years$10,597$9,886$9,220$8,599$8,019$6,411
8 years$9,179$8,474$7,820$7,213$6,652$5,127
9 years$8,076$7,378$6,735$6,144$5,602$4,157
10 years$7,195$6,503$5,872$5,296$4,773$3,407
11 years$6,474$5,789$5,169$4,609$4,105$2,816
12 years$5,874$5,196$4,588$4,043$3,557$2,343
13 years$5,366$4,696$4,099$3,569$3,102$1,959
14 years$4,932$4,268$3,683$3,169$2,719$1,646
15 years$4,556$3,899$3,325$2,826$2,394$1,388
16 years$4,227$3,578$3,015$2,530$2,116$1,173
17 years$3,937$3,295$2,743$2,273$1,876$994
18 years$3,679$3,045$2,504$2,049$1,668$844
19 years$3,449$2,822$2,292$1,851$1,487$718
20 years$3,242$2,622$2,104$1,677$1,328$612
21 years$3,055$2,442$1,935$1,522$1,189$522
22 years$2,886$2,280$1,784$1,384$1,065$446
23 years$2,731$2,132$1,647$1,260$956$381
24 years$2,590$1,998$1,523$1,149$860$326
25 years$2,460$1,875$1,411$1,050$774$279
26 years$2,340$1,762$1,308$960$697$239
27 years$2,229$1,658$1,215$878$628$205
28 years$2,126$1,563$1,129$805$567$175
29 years$2,031$1,474$1,051$738$512$150
30 years$1,942$1,392$979$677$462$129
31 years$1,859$1,316$913$622$418$111
32 years$1,781$1,245$852$572$378$95
33 years$1,708$1,179$795$526$342$81
34 years$1,640$1,118$743$484$310$70
35 years$1,576$1,060$695$445$281$60
36 years$1,515$1,006$650$410$254$52
37 years$1,458$956$608$378$230$44
38 years$1,404$908$569$348$209$38
39 years$1,353$864$534$321$189$33
40 years$1,304$822$500$296$172$28
41 years$1,258$782$469$273$156$24
42 years$1,215$745$440$252$141$21
43 years$1,173$710$413$233$128$18
44 years$1,133$677$387$215$117$15
45 years$1,096$645$364$199$106$13
46 years$1,060$615$342$183$96$11
47 years$1,026$587$321$169$87$10
48 years$993$561$302$157$79$8
49 years$961$535$284$145$72$7
50 years$931$511$267$134$65$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $954,000, adding $6,686 every year, while hoping to spend $56,198 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: 73/13/14 Blend
52$954,000$954,000$954,000$954,000
53$1,058,205$1,007,643$992,856$1,131,762
54$1,106,347$997,223$966,322$1,170,934
55$1,157,517$984,409$937,016$1,206,271
56$1,211,963$969,024$904,786$1,243,476
57$1,269,959$950,882$869,471$1,282,719
58$1,331,803$929,783$830,907$1,324,189
59$1,397,822$905,519$788,918$1,368,098
60$1,468,377$877,865$743,323$1,414,676
61$1,543,859$846,589$693,932$1,464,180
62$1,624,700$811,439$640,546$1,516,896
63$1,711,373$772,153$582,958$1,573,138
64$1,804,396$728,452$520,951$1,633,253
65$1,904,340$680,041$454,298$1,697,627
66$2,011,828$626,609$382,763$1,766,687
67$2,127,548$567,826$306,098$1,840,904
68$2,252,252$503,344$224,047$1,920,799
69$2,386,769$432,795$136,339$2,006,950
70$2,532,006$355,789$42,694$2,099,993
71$2,688,965$271,916$0$2,200,636
72$2,858,742$180,743$0$2,318,208
73$3,042,544$81,810$0$2,452,384
74$3,241,699$0$0$2,597,780
75$3,457,666$0$0$2,759,128
76$3,692,049$0$0$2,946,973
77$3,946,612$0$0$3,151,030
78$4,223,297$0$0$3,372,861
79$4,524,238$0$0$3,614,181
80$4,851,786$0$0$3,876,880
81$5,208,526$0$0$4,163,038
82$5,597,301$0$0$4,474,941
83$6,021,242$0$0$4,815,108
84$6,483,796$0$0$5,186,308
85$6,988,755$0$0$5,591,593
86$7,540,293$0$0$6,034,320
87$8,143,006$0$0$6,518,186
88$8,801,955$0$0$7,047,258
89$9,522,710$0$0$7,626,020
90$10,311,405$0$0$8,259,403
91$11,174,794$0$0$8,952,840
92$12,120,315$0$0$9,712,314
93$13,156,159$0$0$10,544,412
94$14,291,345$0$0$11,456,389
95$15,535,808$0$0$12,456,236
96$16,900,489$0$0$13,552,754
97$18,397,437$0$0$14,755,634
98$20,039,928$0$0$16,075,554
99$21,842,579$0$0$17,524,274
100$23,821,497$0$0$19,114,747