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%13.8%
1 years$78,946$78,242$77,556$76,887$76,233$75,032
2 years$39,082$38,354$37,649$36,965$36,301$35,094
3 years$25,796$25,065$24,361$23,684$23,031$21,856
4 years$19,154$18,425$17,729$17,063$16,426$15,291
5 years$15,170$14,446$13,758$13,106$12,487$11,396
6 years$12,515$11,796$11,119$10,481$9,880$8,835
7 years$10,619$9,906$9,240$8,617$8,035$7,036
8 years$9,198$8,491$7,836$7,228$6,666$5,712
9 years$8,093$7,393$6,749$6,157$5,614$4,704
10 years$7,210$6,517$5,884$5,307$4,783$3,918
11 years$6,488$5,802$5,180$4,619$4,114$3,292
12 years$5,886$5,207$4,597$4,052$3,565$2,785
13 years$5,378$4,706$4,107$3,577$3,109$2,370
14 years$4,942$4,277$3,691$3,175$2,725$2,027
15 years$4,565$3,908$3,332$2,832$2,399$1,740
16 years$4,235$3,585$3,021$2,535$2,121$1,498
17 years$3,945$3,302$2,749$2,278$1,880$1,294
18 years$3,687$3,051$2,509$2,053$1,672$1,120
19 years$3,456$2,828$2,297$1,855$1,490$971
20 years$3,249$2,628$2,108$1,680$1,331$844
21 years$3,062$2,447$1,939$1,525$1,191$734
22 years$2,892$2,285$1,787$1,386$1,068$640
23 years$2,737$2,137$1,650$1,263$958$558
24 years$2,595$2,002$1,526$1,152$861$487
25 years$2,465$1,879$1,414$1,052$775$426
26 years$2,345$1,766$1,311$962$698$372
27 years$2,234$1,662$1,217$880$630$326
28 years$2,131$1,566$1,132$806$568$285
29 years$2,035$1,477$1,053$740$513$250
30 years$1,946$1,395$981$679$463$219
31 years$1,863$1,319$915$623$419$192
32 years$1,785$1,248$853$573$379$168
33 years$1,712$1,182$797$527$343$147
34 years$1,644$1,120$744$485$311$129
35 years$1,579$1,062$696$446$281$113
36 years$1,518$1,008$651$411$255$100
37 years$1,461$958$609$379$231$87
38 years$1,407$910$571$349$209$77
39 years$1,356$865$535$322$190$67
40 years$1,307$823$501$297$172$59
41 years$1,261$784$470$274$156$52
42 years$1,217$746$441$253$142$46
43 years$1,175$711$414$233$129$40
44 years$1,136$678$388$215$117$35
45 years$1,098$646$365$199$106$31
46 years$1,062$617$342$184$96$27
47 years$1,028$589$322$170$87$24
48 years$995$562$302$157$79$21
49 years$963$537$284$145$72$18
50 years$933$513$267$134$65$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $956,000, adding $3,745 every year, while hoping to spend $31,584 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: 46/25/29 Blend
52$956,000$956,000$956,000$956,000
53$1,057,375$1,006,707$991,889$1,097,031
54$1,131,622$1,022,430$991,512$1,141,260
55$1,212,384$1,037,866$990,064$1,185,887
56$1,300,291$1,052,966$987,476$1,233,708
57$1,396,039$1,067,679$983,674$1,285,042
58$1,500,392$1,081,952$978,584$1,340,237
59$1,614,189$1,095,725$972,124$1,399,682
60$1,738,359$1,108,938$964,212$1,463,805
61$1,873,918$1,121,522$954,760$1,533,078
62$2,021,989$1,133,408$943,676$1,608,024
63$2,183,807$1,144,520$930,864$1,689,220
64$2,360,731$1,154,777$916,223$1,777,304
65$2,554,257$1,164,093$899,649$1,872,982
66$2,766,034$1,172,377$881,030$1,977,031
67$2,997,877$1,179,531$860,252$2,090,311
68$3,251,784$1,185,451$837,193$2,213,772
69$3,529,954$1,190,027$811,728$2,348,462
70$3,834,813$1,193,141$783,724$2,495,541
71$4,169,029$1,194,670$753,044$2,656,287
72$4,535,541$1,194,480$719,542$2,832,112
73$4,937,587$1,192,430$683,068$3,024,575
74$5,378,734$1,188,372$643,463$3,235,398
75$5,862,909$1,182,147$600,564$3,466,482
76$6,394,440$1,173,587$554,197$3,719,924
77$6,978,093$1,162,512$504,182$3,998,039
78$7,619,118$1,148,735$450,332$4,303,383
79$8,323,299$1,132,055$392,450$4,638,778
80$9,097,009$1,112,258$330,330$5,007,335
81$9,947,265$1,089,121$263,757$5,412,490
82$10,881,803$1,062,404$192,510$5,858,033
83$11,909,140$1,031,855$116,352$6,348,148
84$13,038,664$997,208$35,042$6,887,449
85$14,280,715$958,178$0$7,481,029
86$15,646,687$914,468$0$8,150,511
87$17,149,132$865,760$0$8,898,697
88$18,801,881$811,720$0$9,721,657
89$20,620,172$751,993$0$10,627,020
90$22,620,794$686,205$0$11,623,198
91$24,822,246$613,960$0$12,719,466
92$27,244,912$534,841$0$13,926,045
93$29,911,249$448,404$0$15,254,203
94$32,846,005$354,185$0$16,716,361
95$36,076,446$251,688$0$18,326,212
96$39,632,616$140,394$0$20,098,847
97$43,547,622$19,752$0$22,050,905
98$47,857,941$0$0$24,200,722
99$52,603,770$0$0$26,599,001
100$57,829,398$0$0$29,245,869