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%19.3%
1 years$78,780$78,079$77,394$76,726$76,073$73,229
2 years$39,000$38,274$37,570$36,887$36,225$33,392
3 years$25,742$25,012$24,310$23,634$22,983$20,250
4 years$19,114$18,387$17,692$17,027$16,392$13,780
5 years$15,138$14,415$13,729$13,078$12,461$9,977
6 years$12,489$11,771$11,095$10,459$9,860$7,506
7 years$10,597$9,886$9,220$8,599$8,019$5,794
8 years$9,179$8,474$7,820$7,213$6,652$4,554
9 years$8,076$7,378$6,735$6,144$5,602$3,628
10 years$7,195$6,503$5,872$5,296$4,773$2,920
11 years$6,474$5,789$5,169$4,609$4,105$2,369
12 years$5,874$5,196$4,588$4,043$3,557$1,933
13 years$5,366$4,696$4,099$3,569$3,102$1,585
14 years$4,932$4,268$3,683$3,169$2,719$1,305
15 years$4,556$3,899$3,325$2,826$2,394$1,078
16 years$4,227$3,578$3,015$2,530$2,116$892
17 years$3,937$3,295$2,743$2,273$1,876$741
18 years$3,679$3,045$2,504$2,049$1,668$615
19 years$3,449$2,822$2,292$1,851$1,487$512
20 years$3,242$2,622$2,104$1,677$1,328$427
21 years$3,055$2,442$1,935$1,522$1,189$356
22 years$2,886$2,280$1,784$1,384$1,065$297
23 years$2,731$2,132$1,647$1,260$956$248
24 years$2,590$1,998$1,523$1,149$860$208
25 years$2,460$1,875$1,411$1,050$774$174
26 years$2,340$1,762$1,308$960$697$145
27 years$2,229$1,658$1,215$878$628$122
28 years$2,126$1,563$1,129$805$567$102
29 years$2,031$1,474$1,051$738$512$85
30 years$1,942$1,392$979$677$462$71
31 years$1,859$1,316$913$622$418$60
32 years$1,781$1,245$852$572$378$50
33 years$1,708$1,179$795$526$342$42
34 years$1,640$1,118$743$484$310$35
35 years$1,576$1,060$695$445$281$29
36 years$1,515$1,006$650$410$254$25
37 years$1,458$956$608$378$230$21
38 years$1,404$908$569$348$209$17
39 years$1,353$864$534$321$189$15
40 years$1,304$822$500$296$172$12
41 years$1,258$782$469$273$156$10
42 years$1,215$745$440$252$141$9
43 years$1,173$710$413$233$128$7
44 years$1,133$677$387$215$117$6
45 years$1,096$645$364$199$106$5
46 years$1,060$615$342$183$96$4
47 years$1,026$587$321$169$87$4
48 years$993$561$302$157$79$3
49 years$961$535$284$145$72$2
50 years$931$511$267$134$65$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $954,000, adding $4,211 every year, while hoping to spend $47,077 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: 60/21/19 Blend
52$954,000$954,000$954,000$954,000
53$1,055,652$1,005,090$990,303$1,113,531
54$1,113,239$1,004,249$973,388$1,152,339
55$1,175,121$1,001,790$954,329$1,189,094
56$1,241,689$997,583$933,004$1,228,121
57$1,313,368$991,491$909,286$1,269,646
58$1,390,626$983,369$883,042$1,313,921
59$1,473,978$973,062$854,132$1,361,226
60$1,563,990$960,408$822,412$1,411,868
61$1,661,282$945,234$787,728$1,466,193
62$1,766,538$927,355$749,922$1,524,578
63$1,880,507$906,578$708,827$1,587,446
64$2,004,016$882,698$664,270$1,655,262
65$2,137,971$855,495$616,068$1,728,543
66$2,283,371$824,741$564,033$1,807,861
67$2,441,311$790,190$507,965$1,893,849
68$2,613,001$751,585$447,657$1,987,207
69$2,799,767$708,653$382,894$2,088,711
70$3,003,070$661,104$313,448$2,199,220
71$3,224,519$608,634$239,085$2,319,683
72$3,465,883$550,920$159,557$2,451,150
73$3,729,108$487,620$74,607$2,594,784
74$4,016,338$418,374$0$2,751,870
75$4,329,932$342,802$0$2,927,081
76$4,672,486$260,500$0$3,135,089
77$5,046,858$171,043$0$3,362,548
78$5,456,197$73,983$0$3,611,440
79$5,903,967$0$0$3,883,951
80$6,393,983$0$0$4,189,692
81$6,930,447$0$0$4,543,205
82$7,517,986$0$0$4,930,450
83$8,161,693$0$0$5,354,796
84$8,867,179$0$0$5,819,949
85$9,640,625$0$0$6,329,996
86$10,488,835$0$0$6,889,435
87$11,419,307$0$0$7,503,220
88$12,440,295$0$0$8,176,810
89$13,560,895$0$0$8,916,216
90$14,791,125$0$0$9,728,061
91$16,142,019$0$0$10,619,640
92$17,625,733$0$0$11,598,988
93$19,255,659$0$0$12,674,958
94$21,046,549$0$0$13,857,302
95$23,014,654$0$0$15,156,765
96$25,177,879$0$0$16,585,183
97$27,555,948$0$0$18,155,595
98$30,170,592$0$0$19,882,370
99$33,045,755$0$0$21,781,335
100$36,207,813$0$0$23,869,929