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%13.7%
1 years$79,028$78,324$77,637$76,967$76,313$75,141
2 years$39,123$38,394$37,688$37,003$36,339$35,162
3 years$25,823$25,091$24,387$23,708$23,055$21,909
4 years$19,174$18,445$17,747$17,081$16,443$15,336
5 years$15,186$14,461$13,773$13,120$12,500$11,435
6 years$12,528$11,808$11,130$10,492$9,891$8,870
7 years$10,630$9,917$9,249$8,626$8,044$7,068
8 years$9,208$8,500$7,844$7,236$6,673$5,741
9 years$8,102$7,401$6,756$6,164$5,620$4,731
10 years$7,217$6,524$5,890$5,313$4,788$3,943
11 years$6,494$5,808$5,186$4,624$4,118$3,315
12 years$5,892$5,213$4,602$4,056$3,569$2,807
13 years$5,383$4,711$4,112$3,581$3,112$2,390
14 years$4,947$4,282$3,694$3,178$2,728$2,045
15 years$4,570$3,912$3,336$2,835$2,402$1,756
16 years$4,240$3,589$3,024$2,538$2,123$1,514
17 years$3,949$3,305$2,752$2,280$1,882$1,308
18 years$3,691$3,054$2,512$2,055$1,674$1,133
19 years$3,460$2,831$2,300$1,857$1,492$984
20 years$3,253$2,630$2,111$1,682$1,332$855
21 years$3,065$2,450$1,941$1,526$1,192$745
22 years$2,895$2,287$1,789$1,388$1,069$649
23 years$2,740$2,139$1,652$1,264$959$567
24 years$2,598$2,004$1,528$1,153$862$495
25 years$2,467$1,881$1,415$1,053$776$433
26 years$2,347$1,768$1,312$963$699$379
27 years$2,236$1,663$1,219$881$630$332
28 years$2,133$1,568$1,133$807$569$291
29 years$2,037$1,479$1,054$740$513$255
30 years$1,948$1,397$982$679$464$223
31 years$1,865$1,320$916$624$419$196
32 years$1,787$1,249$854$573$379$172
33 years$1,714$1,183$798$527$343$151
34 years$1,645$1,121$745$485$311$133
35 years$1,581$1,063$697$447$282$116
36 years$1,520$1,009$652$411$255$102
37 years$1,463$959$610$379$231$90
38 years$1,408$911$571$349$210$79
39 years$1,357$866$535$322$190$69
40 years$1,308$824$502$297$172$61
41 years$1,262$785$470$274$156$54
42 years$1,218$747$441$253$142$47
43 years$1,177$712$414$234$129$41
44 years$1,137$679$389$216$117$36
45 years$1,099$647$365$199$106$32
46 years$1,063$617$343$184$96$28
47 years$1,029$589$322$170$88$25
48 years$996$562$303$157$79$22
49 years$964$537$284$145$72$19
50 years$934$513$267$134$66$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $957,000, adding $2,531 every year, while hoping to spend $53,523 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: 89/5/6 Blend
52$957,000$957,000$957,000$957,000
53$1,057,225$1,006,504$991,670$1,150,941
54$1,108,114$998,874$967,943$1,204,652
55$1,162,399$989,077$941,627$1,255,920
56$1,220,372$976,950$912,580$1,310,517
57$1,282,349$962,319$880,650$1,368,737
58$1,348,678$945,003$845,682$1,430,903
59$1,419,743$924,808$807,512$1,497,369
60$1,495,962$901,528$765,968$1,568,525
61$1,577,794$874,947$720,872$1,644,800
62$1,665,744$844,835$672,036$1,726,664
63$1,760,366$810,948$619,266$1,814,636
64$1,862,268$773,029$562,356$1,909,288
65$1,972,118$730,806$501,093$2,011,246
66$2,090,649$683,990$435,255$2,121,201
67$2,218,668$632,279$364,609$2,239,915
68$2,357,060$575,348$288,911$2,368,222
69$2,506,799$512,859$207,909$2,507,047
70$2,668,955$444,452$121,336$2,657,401
71$2,844,704$369,746$28,917$2,820,404
72$3,035,340$288,340$0$2,997,285
73$3,242,287$199,810$0$3,193,861
74$3,467,108$103,709$0$3,409,428
75$3,711,525$0$0$3,643,796
76$3,977,432$0$0$3,898,821
77$4,266,913$0$0$4,182,669
78$4,582,260$0$0$4,491,885
79$4,925,996$0$0$4,828,942
80$5,300,898$0$0$5,196,563
81$5,710,022$0$0$5,597,747
82$6,156,733$0$0$6,035,792
83$6,644,733$0$0$6,514,330
84$7,178,099$0$0$7,037,361
85$7,761,321$0$0$7,609,285
86$8,399,339$0$0$8,234,951
87$9,097,595$0$0$8,919,694
88$9,862,082$0$0$9,669,391
89$10,699,397$0$0$10,490,514
90$11,616,807$0$0$11,390,189
91$12,622,314$0$0$12,376,265
92$13,724,731$0$0$13,457,385
93$14,933,765$0$0$14,643,070
94$16,260,108$0$0$15,943,805
95$17,715,536$0$0$17,371,140
96$19,313,019$0$0$18,937,797
97$21,066,847$0$0$20,657,789
98$22,992,757$0$0$22,546,552
99$25,108,089$0$0$24,621,093
100$27,431,942$0$0$26,900,142