Can I retire at age 53 with 955,000?

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 $955,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$78,863$78,161$77,475$76,806$76,153$75,483
2 years$39,041$38,314$37,609$36,926$36,263$35,589
3 years$25,769$25,039$24,336$23,659$23,007$22,348
4 years$19,134$18,406$17,710$17,045$16,409$15,771
5 years$15,154$14,431$13,744$13,092$12,474$11,858
6 years$12,502$11,784$11,107$10,470$9,870$9,278
7 years$10,608$9,896$9,230$8,608$8,027$7,459
8 years$9,188$8,483$7,828$7,221$6,659$6,115
9 years$8,085$7,386$6,742$6,151$5,608$5,087
10 years$7,202$6,510$5,878$5,302$4,778$4,281
11 years$6,481$5,796$5,175$4,614$4,109$3,635
12 years$5,880$5,202$4,592$4,047$3,561$3,109
13 years$5,372$4,701$4,103$3,573$3,105$2,675
14 years$4,937$4,273$3,687$3,172$2,722$2,313
15 years$4,560$3,903$3,329$2,829$2,397$2,009
16 years$4,231$3,581$3,018$2,533$2,118$1,750
17 years$3,941$3,298$2,746$2,276$1,878$1,530
18 years$3,683$3,048$2,507$2,051$1,670$1,340
19 years$3,453$2,825$2,295$1,853$1,489$1,177
20 years$3,246$2,625$2,106$1,678$1,330$1,036
21 years$3,059$2,445$1,937$1,523$1,190$913
22 years$2,889$2,282$1,785$1,385$1,067$805
23 years$2,734$2,134$1,649$1,261$957$712
24 years$2,592$2,000$1,525$1,150$861$630
25 years$2,462$1,877$1,412$1,051$774$557
26 years$2,342$1,764$1,310$961$697$494
27 years$2,231$1,660$1,216$879$629$438
28 years$2,128$1,564$1,131$806$567$389
29 years$2,033$1,476$1,052$739$512$345
30 years$1,944$1,394$980$678$463$307
31 years$1,861$1,317$914$623$419$273
32 years$1,783$1,247$852$572$379$242
33 years$1,710$1,181$796$526$343$216
34 years$1,642$1,119$744$484$310$192
35 years$1,577$1,061$695$446$281$171
36 years$1,517$1,007$650$411$255$152
37 years$1,460$957$609$378$231$135
38 years$1,405$909$570$349$209$121
39 years$1,354$865$534$321$190$107
40 years$1,306$823$501$296$172$96
41 years$1,260$783$469$274$156$85
42 years$1,216$746$440$252$142$76
43 years$1,174$710$413$233$129$68
44 years$1,135$677$388$215$117$60
45 years$1,097$646$364$199$106$54
46 years$1,061$616$342$184$96$48
47 years$1,027$588$321$170$87$43
48 years$994$561$302$157$79$38
49 years$962$536$284$145$72$34
50 years$932$512$267$134$65$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $955,000, adding $2,185 every year, while hoping to spend $59,589 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: 31/49/20 Blend
52$955,000$955,000$955,000$955,000
53$1,054,664$1,004,049$989,246$1,080,722
54$1,098,837$989,845$958,984$1,086,349
55$1,145,519$972,948$925,710$1,086,858
56$1,194,903$953,163$889,262$1,086,153
57$1,247,198$930,283$849,468$1,084,165
58$1,302,636$904,091$806,149$1,080,823
59$1,361,468$874,354$759,118$1,076,056
60$1,423,968$840,828$708,178$1,069,791
61$1,490,438$803,253$653,127$1,061,955
62$1,561,206$761,356$593,750$1,052,477
63$1,636,633$714,847$529,825$1,041,284
64$1,717,113$663,418$461,118$1,028,305
65$1,803,079$606,745$387,385$1,013,472
66$1,895,004$544,487$308,374$996,718
67$1,993,408$476,280$223,818$977,978
68$2,098,860$401,743$133,440$957,195
69$2,211,985$320,470$36,952$934,314
70$2,333,469$232,034$0$909,287
71$2,464,063$135,984$0$896,163
72$2,604,595$31,845$0$890,154
73$2,755,970$0$0$883,417
74$2,919,186$0$0$919,634
75$3,095,336$0$0$977,365
76$3,285,623$0$0$1,039,849
77$3,491,367$0$0$1,107,534
78$3,714,022$0$0$1,180,914
79$3,955,184$0$0$1,260,532
80$4,216,607$0$0$1,346,984
81$4,500,223$0$0$1,440,928
82$4,808,153$0$0$1,543,085
83$5,142,733$0$0$1,654,250
84$5,506,530$0$0$1,775,299
85$5,902,371$0$0$1,907,192
86$6,333,364$0$0$2,050,989
87$6,802,930$0$0$2,207,855
88$7,314,834$0$0$2,379,072
89$7,873,220$0$0$2,566,053
90$8,482,648$0$0$2,770,353
91$9,148,137$0$0$2,993,682
92$9,875,215$0$0$3,237,923
93$10,669,965$0$0$3,505,153
94$11,539,084$0$0$3,797,654
95$12,489,949$0$0$4,117,942
96$13,530,678$0$0$4,468,786
97$14,670,215$0$0$4,853,238
98$15,918,406$0$0$5,274,655
99$17,286,096$0$0$5,736,738
100$18,785,225$0$0$6,243,562