Can I retire at age 53 with 957,000?

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 $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%15.4%
1 years$79,028$78,324$77,637$76,967$76,313$74,619
2 years$39,123$38,394$37,688$37,003$36,339$34,642
3 years$25,823$25,091$24,387$23,708$23,055$21,407
4 years$19,174$18,445$17,747$17,081$16,443$14,857
5 years$15,186$14,461$13,773$13,120$12,500$10,980
6 years$12,528$11,808$11,130$10,492$9,891$8,439
7 years$10,630$9,917$9,249$8,626$8,044$6,660
8 years$9,208$8,500$7,844$7,236$6,673$5,357
9 years$8,102$7,401$6,756$6,164$5,620$4,370
10 years$7,217$6,524$5,890$5,313$4,788$3,604
11 years$6,494$5,808$5,186$4,624$4,118$2,998
12 years$5,892$5,213$4,602$4,056$3,569$2,510
13 years$5,383$4,711$4,112$3,581$3,112$2,114
14 years$4,947$4,282$3,694$3,178$2,728$1,788
15 years$4,570$3,912$3,336$2,835$2,402$1,518
16 years$4,240$3,589$3,024$2,538$2,123$1,292
17 years$3,949$3,305$2,752$2,280$1,882$1,103
18 years$3,691$3,054$2,512$2,055$1,674$944
19 years$3,460$2,831$2,300$1,857$1,492$809
20 years$3,253$2,630$2,111$1,682$1,332$695
21 years$3,065$2,450$1,941$1,526$1,192$597
22 years$2,895$2,287$1,789$1,388$1,069$514
23 years$2,740$2,139$1,652$1,264$959$443
24 years$2,598$2,004$1,528$1,153$862$382
25 years$2,467$1,881$1,415$1,053$776$329
26 years$2,347$1,768$1,312$963$699$284
27 years$2,236$1,663$1,219$881$630$245
28 years$2,133$1,568$1,133$807$569$212
29 years$2,037$1,479$1,054$740$513$183
30 years$1,948$1,397$982$679$464$159
31 years$1,865$1,320$916$624$419$137
32 years$1,787$1,249$854$573$379$119
33 years$1,714$1,183$798$527$343$103
34 years$1,645$1,121$745$485$311$89
35 years$1,581$1,063$697$447$282$77
36 years$1,520$1,009$652$411$255$67
37 years$1,463$959$610$379$231$58
38 years$1,408$911$571$349$210$50
39 years$1,357$866$535$322$190$43
40 years$1,308$824$502$297$172$37
41 years$1,262$785$470$274$156$32
42 years$1,218$747$441$253$142$28
43 years$1,177$712$414$234$129$24
44 years$1,137$679$389$216$117$21
45 years$1,099$647$365$199$106$18
46 years$1,063$617$343$184$96$16
47 years$1,029$589$322$170$88$14
48 years$996$562$303$157$79$12
49 years$964$537$284$145$72$10
50 years$934$513$267$134$66$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $957,000, adding $2,850 every year, while hoping to spend $44,674 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: 54/30/16 Blend
52$957,000$957,000$957,000$957,000
53$1,057,554$1,006,833$991,999$1,109,995
54$1,117,891$1,008,635$977,698$1,147,896
55$1,182,886$1,009,028$961,421$1,184,118
56$1,252,966$1,007,896$943,054$1,222,544
57$1,328,601$1,005,115$922,479$1,263,395
58$1,410,308$1,000,555$899,571$1,306,917
59$1,498,653$994,076$874,201$1,353,383
60$1,594,261$985,531$846,232$1,403,095
61$1,697,818$974,764$815,523$1,456,388
62$1,810,077$961,610$781,925$1,513,636
63$1,931,868$945,891$745,282$1,575,249
64$2,064,102$927,424$705,433$1,641,687
65$2,207,782$906,009$662,207$1,713,454
66$2,364,012$881,439$615,426$1,791,114
67$2,534,004$853,493$564,906$1,875,288
68$2,719,095$821,937$510,453$1,966,665
69$2,920,754$786,523$451,865$2,066,009
70$3,140,598$746,990$388,929$2,174,164
71$3,380,407$703,060$321,426$2,292,067
72$3,642,139$654,441$249,125$2,420,754
73$3,927,951$600,822$171,784$2,561,369
74$4,240,218$541,878$89,154$2,715,181
75$4,581,551$477,261$972$2,883,594
76$4,954,828$406,606$0$3,068,160
77$5,363,217$329,526$0$3,286,494
78$5,810,207$245,614$0$3,525,806
79$6,299,638$154,439$0$3,788,079
80$6,835,739$55,545$0$4,075,686
81$7,423,169$0$0$4,391,249
82$8,067,058$0$0$4,754,678
83$8,773,055$0$0$5,173,358
84$9,547,384$0$0$5,632,655
85$10,396,897$0$0$6,136,646
86$11,329,145$0$0$6,689,823
87$12,352,443$0$0$7,297,131
88$13,475,950$0$0$7,964,021
89$14,709,758$0$0$8,696,494
90$16,064,980$0$0$9,501,165
91$17,553,862$0$0$10,385,317
92$19,189,893$0$0$11,356,976
93$20,987,934$0$0$12,424,984
94$22,964,356$0$0$13,599,081
95$25,137,196$0$0$14,889,999
96$27,526,325$0$0$16,309,560
97$30,153,638$0$0$17,870,791
98$33,043,255$0$0$19,588,043
99$36,221,752$0$0$21,477,130
100$39,718,411$0$0$23,555,474