Can I retire at age 53 with 955,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%14.6%
1 years$78,863$78,161$77,475$76,806$76,153$74,707
2 years$39,041$38,314$37,609$36,926$36,263$34,812
3 years$25,769$25,039$24,336$23,659$23,007$21,596
4 years$19,134$18,406$17,710$17,045$16,409$15,049
5 years$15,154$14,431$13,744$13,092$12,474$11,168
6 years$12,502$11,784$11,107$10,470$9,870$8,621
7 years$10,608$9,896$9,230$8,608$8,027$6,834
8 years$9,188$8,483$7,828$7,221$6,659$5,523
9 years$8,085$7,386$6,742$6,151$5,608$4,527
10 years$7,202$6,510$5,878$5,302$4,778$3,752
11 years$6,481$5,796$5,175$4,614$4,109$3,137
12 years$5,880$5,202$4,592$4,047$3,561$2,640
13 years$5,372$4,701$4,103$3,573$3,105$2,235
14 years$4,937$4,273$3,687$3,172$2,722$1,901
15 years$4,560$3,903$3,329$2,829$2,397$1,622
16 years$4,231$3,581$3,018$2,533$2,118$1,389
17 years$3,941$3,298$2,746$2,276$1,878$1,193
18 years$3,683$3,048$2,507$2,051$1,670$1,027
19 years$3,453$2,825$2,295$1,853$1,489$885
20 years$3,246$2,625$2,106$1,678$1,330$765
21 years$3,059$2,445$1,937$1,523$1,190$661
22 years$2,889$2,282$1,785$1,385$1,067$573
23 years$2,734$2,134$1,649$1,261$957$496
24 years$2,592$2,000$1,525$1,150$861$431
25 years$2,462$1,877$1,412$1,051$774$374
26 years$2,342$1,764$1,310$961$697$325
27 years$2,231$1,660$1,216$879$629$282
28 years$2,128$1,564$1,131$806$567$246
29 years$2,033$1,476$1,052$739$512$214
30 years$1,944$1,394$980$678$463$186
31 years$1,861$1,317$914$623$419$162
32 years$1,783$1,247$852$572$379$141
33 years$1,710$1,181$796$526$343$123
34 years$1,642$1,119$744$484$310$107
35 years$1,577$1,061$695$446$281$93
36 years$1,517$1,007$650$411$255$81
37 years$1,460$957$609$378$231$71
38 years$1,405$909$570$349$209$62
39 years$1,354$865$534$321$190$54
40 years$1,306$823$501$296$172$47
41 years$1,260$783$469$274$156$41
42 years$1,216$746$440$252$142$36
43 years$1,174$710$413$233$129$31
44 years$1,135$677$388$215$117$27
45 years$1,097$646$364$199$106$24
46 years$1,061$616$342$184$96$21
47 years$1,027$588$321$170$87$18
48 years$994$561$302$157$79$16
49 years$962$536$284$145$72$14
50 years$932$512$267$134$65$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $955,000, adding $5,258 every year, while hoping to spend $30,321 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: 64/11/25 Blend
52$955,000$955,000$955,000$955,000
53$1,057,834$1,007,219$992,416$1,118,279
54$1,133,471$1,024,311$993,401$1,176,830
55$1,215,808$1,041,225$993,402$1,236,933
56$1,305,495$1,057,919$992,355$1,301,926
57$1,403,248$1,074,350$990,192$1,372,292
58$1,509,857$1,090,471$986,841$1,448,563
59$1,626,189$1,106,231$982,228$1,531,328
60$1,753,201$1,121,577$976,273$1,621,233
61$1,891,944$1,136,450$968,894$1,718,992
62$2,043,576$1,150,790$960,006$1,825,393
63$2,209,372$1,164,530$949,518$1,941,304
64$2,390,736$1,177,600$937,334$2,067,683
65$2,589,214$1,189,925$923,357$2,205,585
66$2,806,506$1,201,424$907,483$2,356,176
67$3,044,488$1,212,012$889,602$2,520,738
68$3,305,223$1,221,598$869,601$2,700,688
69$3,590,985$1,230,085$847,361$2,897,587
70$3,904,276$1,237,370$822,758$3,113,156
71$4,247,853$1,243,342$795,662$3,349,295
72$4,624,754$1,247,886$765,936$3,608,095
73$5,038,323$1,250,876$733,439$3,891,866
74$5,492,243$1,252,180$698,020$4,203,151
75$5,990,574$1,251,659$659,526$4,544,757
76$6,537,785$1,249,164$617,793$4,919,778
77$7,138,802$1,244,535$572,652$5,331,624
78$7,799,048$1,237,606$523,924$5,784,057
79$8,524,500$1,228,198$471,425$6,281,223
80$9,321,742$1,216,122$414,960$6,827,693
81$10,198,026$1,201,178$354,328$7,428,509
82$11,161,344$1,183,155$289,316$8,089,226
83$12,220,498$1,161,826$219,706$8,815,971
84$13,385,187$1,136,955$145,265$9,615,497
85$14,666,099$1,108,288$65,753$10,495,250
86$16,075,005$1,075,558$0$11,463,438
87$17,624,878$1,038,483$0$12,534,205
88$19,330,010$996,764$0$13,731,479
89$21,206,149$950,083$0$15,048,773
90$23,270,645$898,105$0$16,498,283
91$25,542,616$840,477$0$18,093,452
92$28,043,126$776,824$0$19,849,093
93$30,795,386$706,750$0$21,781,529
94$33,824,970$629,835$0$23,908,748
95$37,160,058$545,638$0$26,250,573
96$40,831,700$453,691$0$28,828,850
97$44,874,112$353,500$0$31,667,650
98$49,324,993$244,543$0$34,793,504
99$54,225,887$126,270$0$38,235,645
100$59,622,568$0$0$42,026,291