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%15.7%
1 years$78,863$78,161$77,475$76,806$76,153$74,372
2 years$39,041$38,314$37,609$36,926$36,263$34,480
3 years$25,769$25,039$24,336$23,659$23,007$21,276
4 years$19,134$18,406$17,710$17,045$16,409$14,743
5 years$15,154$14,431$13,744$13,092$12,474$10,879
6 years$12,502$11,784$11,107$10,470$9,870$8,347
7 years$10,608$9,896$9,230$8,608$8,027$6,577
8 years$9,188$8,483$7,828$7,221$6,659$5,281
9 years$8,085$7,386$6,742$6,151$5,608$4,300
10 years$7,202$6,510$5,878$5,302$4,778$3,540
11 years$6,481$5,796$5,175$4,614$4,109$2,939
12 years$5,880$5,202$4,592$4,047$3,561$2,456
13 years$5,372$4,701$4,103$3,573$3,105$2,064
14 years$4,937$4,273$3,687$3,172$2,722$1,742
15 years$4,560$3,903$3,329$2,829$2,397$1,476
16 years$4,231$3,581$3,018$2,533$2,118$1,254
17 years$3,941$3,298$2,746$2,276$1,878$1,068
18 years$3,683$3,048$2,507$2,051$1,670$912
19 years$3,453$2,825$2,295$1,853$1,489$780
20 years$3,246$2,625$2,106$1,678$1,330$668
21 years$3,059$2,445$1,937$1,523$1,190$573
22 years$2,889$2,282$1,785$1,385$1,067$492
23 years$2,734$2,134$1,649$1,261$957$423
24 years$2,592$2,000$1,525$1,150$861$364
25 years$2,462$1,877$1,412$1,051$774$313
26 years$2,342$1,764$1,310$961$697$269
27 years$2,231$1,660$1,216$879$629$232
28 years$2,128$1,564$1,131$806$567$200
29 years$2,033$1,476$1,052$739$512$173
30 years$1,944$1,394$980$678$463$149
31 years$1,861$1,317$914$623$419$128
32 years$1,783$1,247$852$572$379$111
33 years$1,710$1,181$796$526$343$96
34 years$1,642$1,119$744$484$310$83
35 years$1,577$1,061$695$446$281$71
36 years$1,517$1,007$650$411$255$62
37 years$1,460$957$609$378$231$53
38 years$1,405$909$570$349$209$46
39 years$1,354$865$534$321$190$40
40 years$1,306$823$501$296$172$34
41 years$1,260$783$469$274$156$30
42 years$1,216$746$440$252$142$26
43 years$1,174$710$413$233$129$22
44 years$1,135$677$388$215$117$19
45 years$1,097$646$364$199$106$17
46 years$1,061$616$342$184$96$14
47 years$1,027$588$321$170$87$12
48 years$994$561$302$157$79$11
49 years$962$536$284$145$72$9
50 years$932$512$267$134$65$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $955,000, adding $2,099 every year, while hoping to spend $24,931 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: 68/25/7 Blend
52$955,000$955,000$955,000$955,000
53$1,054,575$1,003,960$989,158$1,124,924
54$1,135,615$1,026,628$995,768$1,194,484
55$1,224,086$1,049,571$1,001,764$1,267,301
56$1,320,719$1,072,776$1,007,099$1,346,258
57$1,426,320$1,096,229$1,011,724$1,431,950
58$1,541,774$1,119,914$1,015,587$1,525,035
59$1,668,059$1,143,814$1,018,633$1,626,236
60$1,806,250$1,167,909$1,020,806$1,736,348
61$1,957,529$1,192,178$1,022,045$1,856,249
62$2,123,200$1,216,599$1,022,287$1,986,906
63$2,304,700$1,241,145$1,021,466$2,129,382
64$2,503,607$1,265,789$1,019,514$2,284,850
65$2,721,664$1,290,502$1,016,356$2,454,601
66$2,960,787$1,315,250$1,011,918$2,640,058
67$3,223,088$1,339,998$1,006,118$2,842,789
68$3,510,894$1,364,709$998,873$3,064,520
69$3,826,766$1,389,340$990,096$3,307,155
70$4,173,526$1,413,848$979,695$3,572,789
71$4,554,284$1,438,184$967,572$3,863,734
72$4,972,463$1,462,297$953,628$4,182,534
73$5,431,836$1,486,131$937,756$4,531,995
74$5,936,558$1,509,627$919,847$4,915,207
75$6,491,209$1,532,721$899,783$5,335,575
76$7,100,832$1,555,343$877,445$5,796,853
77$7,770,982$1,577,421$852,706$6,303,176
78$8,507,783$1,598,875$825,432$6,859,101
79$9,317,979$1,619,622$795,486$7,469,652
80$10,209,000$1,639,571$762,722$8,140,361
81$11,189,034$1,658,626$726,989$8,877,329
82$12,267,101$1,676,684$688,129$9,687,275
83$13,453,140$1,693,636$645,975$10,577,608
84$14,758,100$1,709,364$600,356$11,556,490
85$16,194,048$1,723,745$551,089$12,632,917
86$17,774,277$1,736,644$497,987$13,816,802
87$19,513,435$1,747,922$440,851$15,119,071
88$21,427,663$1,757,427$379,476$16,551,764
89$23,534,742$1,764,999$313,647$18,128,150
90$25,854,270$1,770,468$243,138$19,862,852
91$28,407,838$1,773,653$167,715$21,771,987
92$31,219,237$1,774,361$87,133$23,873,314
93$34,314,683$1,772,389$1,137$26,186,407
94$37,723,064$1,767,520$0$28,732,837
95$41,476,211$1,759,523$0$31,543,147
96$45,609,199$1,748,154$0$34,637,296
97$50,160,678$1,733,154$0$38,044,094
98$55,173,237$1,714,248$0$41,795,384
99$60,693,806$1,691,145$0$45,926,257
100$66,774,099$1,663,537$0$50,475,384