Can I retire at age 53 with 957,000?

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 $957,000?

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$79,028$78,324$77,637$76,967$76,313$75,328
2 years$39,123$38,394$37,688$37,003$36,339$35,349
3 years$25,823$25,091$24,387$23,708$23,055$22,089
4 years$19,174$18,445$17,747$17,081$16,443$15,509
5 years$15,186$14,461$13,773$13,120$12,500$11,601
6 years$12,528$11,808$11,130$10,492$9,891$9,028
7 years$10,630$9,917$9,249$8,626$8,044$7,218
8 years$9,208$8,500$7,844$7,236$6,673$5,883
9 years$8,102$7,401$6,756$6,164$5,620$4,866
10 years$7,217$6,524$5,890$5,313$4,788$4,070
11 years$6,494$5,808$5,186$4,624$4,118$3,434
12 years$5,892$5,213$4,602$4,056$3,569$2,919
13 years$5,383$4,711$4,112$3,581$3,112$2,495
14 years$4,947$4,282$3,694$3,178$2,728$2,143
15 years$4,570$3,912$3,336$2,835$2,402$1,849
16 years$4,240$3,589$3,024$2,538$2,123$1,600
17 years$3,949$3,305$2,752$2,280$1,882$1,388
18 years$3,691$3,054$2,512$2,055$1,674$1,208
19 years$3,460$2,831$2,300$1,857$1,492$1,053
20 years$3,253$2,630$2,111$1,682$1,332$920
21 years$3,065$2,450$1,941$1,526$1,192$805
22 years$2,895$2,287$1,789$1,388$1,069$705
23 years$2,740$2,139$1,652$1,264$959$618
24 years$2,598$2,004$1,528$1,153$862$542
25 years$2,467$1,881$1,415$1,053$776$477
26 years$2,347$1,768$1,312$963$699$419
27 years$2,236$1,663$1,219$881$630$369
28 years$2,133$1,568$1,133$807$569$325
29 years$2,037$1,479$1,054$740$513$286
30 years$1,948$1,397$982$679$464$252
31 years$1,865$1,320$916$624$419$222
32 years$1,787$1,249$854$573$379$196
33 years$1,714$1,183$798$527$343$173
34 years$1,645$1,121$745$485$311$152
35 years$1,581$1,063$697$447$282$135
36 years$1,520$1,009$652$411$255$119
37 years$1,463$959$610$379$231$105
38 years$1,408$911$571$349$210$93
39 years$1,357$866$535$322$190$82
40 years$1,308$824$502$297$172$72
41 years$1,262$785$470$274$156$64
42 years$1,218$747$441$253$142$56
43 years$1,177$712$414$234$129$50
44 years$1,137$679$389$216$117$44
45 years$1,099$647$365$199$106$39
46 years$1,063$617$343$184$96$34
47 years$1,029$589$322$170$88$30
48 years$996$562$303$157$79$27
49 years$964$537$284$145$72$24
50 years$934$513$267$134$66$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $957,000, adding $6,165 every year, while hoping to spend $23,654 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: 75/19/6 Blend
52$957,000$957,000$957,000$957,000
53$1,060,973$1,010,252$995,419$1,139,415
54$1,144,025$1,034,587$1,003,598$1,216,183
55$1,234,755$1,059,321$1,011,258$1,296,646
56$1,333,922$1,084,450$1,018,357$1,384,128
57$1,442,360$1,109,966$1,024,850$1,479,314
58$1,560,989$1,135,863$1,030,690$1,582,961
59$1,690,820$1,162,131$1,035,829$1,695,900
60$1,832,969$1,188,760$1,040,214$1,819,047
61$1,988,662$1,215,739$1,043,792$1,953,410
62$2,159,250$1,243,055$1,046,504$2,100,100
63$2,346,223$1,270,694$1,048,291$2,260,342
64$2,551,219$1,298,639$1,049,089$2,435,482
65$2,776,043$1,326,872$1,048,834$2,627,005
66$3,022,684$1,355,374$1,047,454$2,836,547
67$3,293,332$1,384,122$1,044,879$3,065,909
68$3,590,400$1,413,092$1,041,030$3,317,075
69$3,916,545$1,442,257$1,035,829$3,592,232
70$4,274,695$1,471,590$1,029,191$3,893,788
71$4,668,073$1,501,057$1,021,029$4,224,397
72$5,100,233$1,530,626$1,011,250$4,586,982
73$5,575,088$1,560,258$999,758$4,984,765
74$6,096,949$1,589,912$986,451$5,421,294
75$6,670,566$1,619,546$971,225$5,900,479
76$7,301,171$1,649,111$953,969$6,426,630
77$7,994,529$1,678,556$934,565$7,004,494
78$8,756,992$1,707,826$912,894$7,639,302
79$9,595,557$1,736,862$888,828$8,336,817
80$10,517,935$1,765,598$862,235$9,103,392
81$11,532,619$1,793,968$832,974$9,946,024
82$12,648,970$1,821,896$800,903$10,872,427
83$13,877,299$1,849,303$765,867$11,891,096
84$15,228,969$1,876,104$727,709$13,011,398
85$16,716,499$1,902,208$686,262$14,243,651
86$18,353,683$1,927,518$641,354$15,599,226
87$20,155,722$1,951,929$592,802$17,090,654
88$22,139,362$1,975,331$540,418$18,731,742
89$24,323,059$1,997,603$484,003$20,537,708
90$26,727,144$2,018,620$423,351$22,525,318
91$29,374,026$2,038,244$358,246$24,713,053
92$32,288,391$2,056,333$288,462$27,121,273
93$35,497,446$2,072,732$213,764$29,772,419
94$39,031,167$2,087,278$133,907$32,691,220
95$42,922,586$2,099,795$48,633$35,904,926
96$47,208,103$2,110,097$0$39,443,567
97$51,927,825$2,117,988$0$43,342,949
98$57,125,951$2,123,258$0$47,640,328
99$62,851,183$2,125,682$0$52,372,795
100$69,157,188$2,125,025$0$57,584,660