Can I retire at age 53 with 959,000?

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 $959,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$79,193$78,488$77,800$77,128$76,472$73,496
2 years$39,205$38,474$37,767$37,081$36,415$33,453
3 years$25,877$25,143$24,438$23,758$23,103$20,248
4 years$19,214$18,483$17,784$17,116$16,477$13,751
5 years$15,218$14,491$13,801$13,147$12,526$9,935
6 years$12,554$11,833$11,154$10,514$9,911$7,458
7 years$10,652$9,937$9,269$8,644$8,061$5,743
8 years$9,227$8,518$7,861$7,251$6,687$4,504
9 years$8,119$7,417$6,770$6,176$5,631$3,580
10 years$7,232$6,537$5,903$5,324$4,798$2,874
11 years$6,508$5,820$5,196$4,634$4,127$2,325
12 years$5,905$5,224$4,612$4,064$3,576$1,892
13 years$5,395$4,721$4,120$3,588$3,118$1,547
14 years$4,958$4,291$3,702$3,185$2,734$1,270
15 years$4,579$3,920$3,342$2,841$2,407$1,046
16 years$4,249$3,596$3,030$2,543$2,127$864
17 years$3,957$3,312$2,758$2,285$1,886$715
18 years$3,698$3,061$2,517$2,059$1,677$592
19 years$3,467$2,836$2,304$1,861$1,495$491
20 years$3,259$2,636$2,115$1,685$1,335$408
21 years$3,071$2,455$1,945$1,530$1,195$339
22 years$2,901$2,292$1,793$1,391$1,071$283
23 years$2,745$2,143$1,655$1,267$961$235
24 years$2,603$2,008$1,531$1,155$864$196
25 years$2,472$1,885$1,418$1,055$778$163
26 years$2,352$1,771$1,315$965$700$136
27 years$2,241$1,667$1,221$883$631$114
28 years$2,137$1,571$1,135$809$570$95
29 years$2,041$1,482$1,056$742$515$79
30 years$1,952$1,399$984$681$465$66
31 years$1,869$1,323$917$625$420$55
32 years$1,791$1,252$856$575$380$46
33 years$1,717$1,185$799$528$344$38
34 years$1,649$1,124$747$486$312$32
35 years$1,584$1,066$698$448$282$27
36 years$1,523$1,011$653$412$256$22
37 years$1,466$961$611$380$232$19
38 years$1,411$913$572$350$210$16
39 years$1,360$868$536$323$190$13
40 years$1,311$826$503$298$173$11
41 years$1,265$786$471$275$157$9
42 years$1,221$749$442$254$142$8
43 years$1,179$713$415$234$129$6
44 years$1,139$680$389$216$117$5
45 years$1,102$649$366$200$106$4
46 years$1,065$619$343$184$97$4
47 years$1,031$590$323$170$88$3
48 years$998$564$303$157$80$3
49 years$966$538$285$145$72$2
50 years$936$514$268$134$66$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $959,000, adding $3,013 every year, while hoping to spend $55,126 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: 71/16/13 Blend
52$959,000$959,000$959,000$959,000
53$1,059,926$1,009,099$994,234$1,131,992
54$1,109,385$999,891$968,888$1,170,964
55$1,162,041$988,385$940,844$1,206,621
56$1,218,162$974,408$909,955$1,244,197
57$1,278,042$957,782$876,066$1,283,870
58$1,342,001$938,312$839,014$1,325,839
59$1,410,393$915,797$798,628$1,370,322
60$1,483,604$890,022$754,733$1,417,562
61$1,562,056$860,758$707,141$1,467,828
62$1,646,215$827,764$655,660$1,521,415
63$1,736,590$790,786$600,086$1,578,654
64$1,833,741$749,553$540,207$1,639,908
65$1,938,282$703,781$475,804$1,705,581
66$2,050,888$653,167$406,644$1,776,119
67$2,172,299$597,392$332,487$1,852,015
68$2,303,328$536,120$253,080$1,933,816
69$2,444,871$468,992$168,161$2,022,127
70$2,597,908$395,634$77,456$2,117,617
71$2,763,521$315,646$0$2,221,025
72$2,942,896$228,609$0$2,335,852
73$3,137,339$134,077$0$2,471,961
74$3,348,284$31,584$0$2,619,640
75$3,577,310$0$0$2,780,042
76$3,826,152$0$0$2,968,410
77$4,096,722$0$0$3,179,313
78$4,391,119$0$0$3,408,835
79$4,711,655$0$0$3,658,783
80$5,060,874$0$0$3,931,146
81$5,441,576$0$0$4,228,114
82$5,856,840$0$0$4,552,096
83$6,310,059$0$0$4,905,745
84$6,804,964$0$0$5,291,981
85$7,345,664$0$0$5,714,017
86$7,936,684$0$0$6,175,391
87$8,583,004$0$0$6,680,000
88$9,290,106$0$0$7,232,132
89$10,064,030$0$0$7,836,512
90$10,911,423$0$0$8,498,339
91$11,839,607$0$0$9,223,341
92$12,856,646$0$0$10,017,826
93$13,971,419$0$0$10,888,740
94$15,193,705$0$0$11,843,734
95$16,534,277$0$0$12,891,234
96$18,004,997$0$0$14,040,521
97$19,618,934$0$0$15,301,819
98$21,390,482$0$0$16,686,388
99$23,335,495$0$0$18,206,632
100$25,471,440$0$0$19,876,215