Can I retire at age 53 with 956,000?

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 $956,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$78,946$78,242$77,556$76,887$76,233$75,249
2 years$39,082$38,354$37,649$36,965$36,301$35,312
3 years$25,796$25,065$24,361$23,684$23,031$22,066
4 years$19,154$18,425$17,729$17,063$16,426$15,493
5 years$15,170$14,446$13,758$13,106$12,487$11,589
6 years$12,515$11,796$11,119$10,481$9,880$9,019
7 years$10,619$9,906$9,240$8,617$8,035$7,210
8 years$9,198$8,491$7,836$7,228$6,666$5,877
9 years$8,093$7,393$6,749$6,157$5,614$4,861
10 years$7,210$6,517$5,884$5,307$4,783$4,065
11 years$6,488$5,802$5,180$4,619$4,114$3,431
12 years$5,886$5,207$4,597$4,052$3,565$2,916
13 years$5,378$4,706$4,107$3,577$3,109$2,493
14 years$4,942$4,277$3,691$3,175$2,725$2,141
15 years$4,565$3,908$3,332$2,832$2,399$1,847
16 years$4,235$3,585$3,021$2,535$2,121$1,598
17 years$3,945$3,302$2,749$2,278$1,880$1,387
18 years$3,687$3,051$2,509$2,053$1,672$1,207
19 years$3,456$2,828$2,297$1,855$1,490$1,052
20 years$3,249$2,628$2,108$1,680$1,331$919
21 years$3,062$2,447$1,939$1,525$1,191$804
22 years$2,892$2,285$1,787$1,386$1,068$704
23 years$2,737$2,137$1,650$1,263$958$617
24 years$2,595$2,002$1,526$1,152$861$542
25 years$2,465$1,879$1,414$1,052$775$476
26 years$2,345$1,766$1,311$962$698$419
27 years$2,234$1,662$1,217$880$630$368
28 years$2,131$1,566$1,132$806$568$324
29 years$2,035$1,477$1,053$740$513$286
30 years$1,946$1,395$981$679$463$252
31 years$1,863$1,319$915$623$419$222
32 years$1,785$1,248$853$573$379$196
33 years$1,712$1,182$797$527$343$173
34 years$1,644$1,120$744$485$311$152
35 years$1,579$1,062$696$446$281$134
36 years$1,518$1,008$651$411$255$119
37 years$1,461$958$609$379$231$105
38 years$1,407$910$571$349$209$93
39 years$1,356$865$535$322$190$82
40 years$1,307$823$501$297$172$72
41 years$1,261$784$470$274$156$64
42 years$1,217$746$441$253$142$56
43 years$1,175$711$414$233$129$50
44 years$1,136$678$388$215$117$44
45 years$1,098$646$365$199$106$39
46 years$1,062$617$342$184$96$34
47 years$1,028$589$322$170$87$30
48 years$995$562$302$157$79$27
49 years$963$537$284$145$72$24
50 years$933$513$267$134$65$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $956,000, adding $5,949 every year, while hoping to spend $57,664 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: 50/28/22 Blend
52$956,000$956,000$956,000$956,000
53$1,059,648$1,008,980$994,162$1,105,824
54$1,106,378$997,066$966,113$1,126,561
55$1,155,942$982,636$935,191$1,142,741
56$1,208,568$965,505$901,240$1,159,130
57$1,264,506$945,478$864,094$1,175,772
58$1,324,028$922,349$823,584$1,192,717
59$1,387,433$895,898$779,528$1,210,025
60$1,455,049$865,895$731,740$1,227,766
61$1,527,233$832,093$680,023$1,246,020
62$1,604,379$794,234$624,172$1,264,882
63$1,686,918$752,043$563,974$1,284,460
64$1,775,320$705,230$499,203$1,304,877
65$1,870,104$653,488$429,628$1,326,275
66$1,971,837$596,491$355,003$1,348,818
67$2,081,143$533,898$275,075$1,372,689
68$2,198,706$465,345$189,576$1,398,100
69$2,325,277$390,450$98,230$1,425,288
70$2,461,681$308,808$746$1,454,523
71$2,608,823$219,990$0$1,486,111
72$2,767,700$123,547$0$1,544,641
73$2,939,404$18,999$0$1,608,018
74$3,125,138$0$0$1,676,581
75$3,326,224$0$0$1,779,912
76$3,544,114$0$0$1,898,305
77$3,780,404$0$0$2,026,784
78$4,036,852$0$0$2,166,316
79$4,315,390$0$0$2,317,963
80$4,618,142$0$0$2,482,895
81$4,947,446$0$0$2,662,398
82$5,305,873$0$0$2,857,887
83$5,696,255$0$0$3,070,920
84$6,121,705$0$0$3,303,210
85$6,585,651$0$0$3,556,643
86$7,091,864$0$0$3,833,297
87$7,644,497$0$0$4,135,457
88$8,248,121$0$0$4,465,639
89$8,907,766$0$0$4,826,612
90$9,628,973$0$0$5,221,428
91$10,417,840$0$0$5,653,444
92$11,281,083$0$0$6,126,357
93$12,226,097$0$0$6,644,239
94$13,261,024$0$0$7,211,575
95$14,394,831$0$0$7,833,303
96$15,637,393$0$0$8,514,860
97$16,999,587$0$0$9,262,236
98$18,493,391$0$0$10,082,030
99$20,131,999$0$0$10,981,506
100$21,929,941$0$0$11,968,668