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%17.3%
1 years$79,193$78,488$77,800$77,128$76,472$74,202
2 years$39,205$38,474$37,767$37,081$36,415$34,147
3 years$25,877$25,143$24,438$23,758$23,103$20,908
4 years$19,214$18,483$17,784$17,116$16,477$14,372
5 years$15,218$14,491$13,801$13,147$12,526$10,516
6 years$12,554$11,833$11,154$10,514$9,911$7,999
7 years$10,652$9,937$9,269$8,644$8,061$6,245
8 years$9,227$8,518$7,861$7,251$6,687$4,968
9 years$8,119$7,417$6,770$6,176$5,631$4,006
10 years$7,232$6,537$5,903$5,324$4,798$3,265
11 years$6,508$5,820$5,196$4,634$4,127$2,683
12 years$5,905$5,224$4,612$4,064$3,576$2,219
13 years$5,395$4,721$4,120$3,588$3,118$1,845
14 years$4,958$4,291$3,702$3,185$2,734$1,540
15 years$4,579$3,920$3,342$2,841$2,407$1,290
16 years$4,249$3,596$3,030$2,543$2,127$1,084
17 years$3,957$3,312$2,758$2,285$1,886$912
18 years$3,698$3,061$2,517$2,059$1,677$770
19 years$3,467$2,836$2,304$1,861$1,495$651
20 years$3,259$2,636$2,115$1,685$1,335$550
21 years$3,071$2,455$1,945$1,530$1,195$466
22 years$2,901$2,292$1,793$1,391$1,071$395
23 years$2,745$2,143$1,655$1,267$961$336
24 years$2,603$2,008$1,531$1,155$864$285
25 years$2,472$1,885$1,418$1,055$778$242
26 years$2,352$1,771$1,315$965$700$206
27 years$2,241$1,667$1,221$883$631$175
28 years$2,137$1,571$1,135$809$570$149
29 years$2,041$1,482$1,056$742$515$127
30 years$1,952$1,399$984$681$465$108
31 years$1,869$1,323$917$625$420$92
32 years$1,791$1,252$856$575$380$78
33 years$1,717$1,185$799$528$344$67
34 years$1,649$1,124$747$486$312$57
35 years$1,584$1,066$698$448$282$48
36 years$1,523$1,011$653$412$256$41
37 years$1,466$961$611$380$232$35
38 years$1,411$913$572$350$210$30
39 years$1,360$868$536$323$190$26
40 years$1,311$826$503$298$173$22
41 years$1,265$786$471$275$157$19
42 years$1,221$749$442$254$142$16
43 years$1,179$713$415$234$129$13
44 years$1,139$680$389$216$117$11
45 years$1,102$649$366$200$106$10
46 years$1,065$619$343$184$97$8
47 years$1,031$590$323$170$88$7
48 years$998$564$303$157$80$6
49 years$966$538$285$145$72$5
50 years$936$514$268$134$66$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $959,000, adding $5,558 every year, while hoping to spend $44,952 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: 73/18/9 Blend
52$959,000$959,000$959,000$959,000
53$1,062,551$1,011,724$996,860$1,138,042
54$1,123,103$1,013,470$982,426$1,190,362
55$1,188,324$1,013,795$966,002$1,241,494
56$1,258,644$1,012,582$947,474$1,296,245
57$1,334,533$1,009,706$926,722$1,354,960
58$1,416,510$1,005,036$903,621$1,418,019
59$1,505,143$998,431$878,041$1,485,841
60$1,601,056$989,743$849,845$1,558,889
61$1,704,939$978,815$818,889$1,637,672
62$1,817,545$965,480$785,025$1,722,753
63$1,939,707$949,561$748,095$1,814,753
64$2,072,337$930,869$707,936$1,914,356
65$2,216,441$909,207$664,378$2,022,317
66$2,373,125$884,365$617,241$2,139,471
67$2,543,604$856,120$566,339$2,266,735
68$2,729,217$824,236$511,478$2,405,125
69$2,931,438$788,463$452,452$2,555,759
70$3,151,886$748,539$389,051$2,719,872
71$3,392,344$704,184$321,050$2,898,825
72$3,654,778$655,103$248,220$3,094,120
73$3,941,346$600,984$170,316$3,307,415
74$4,254,428$541,497$87,087$3,540,538
75$4,596,644$476,295$0$3,795,505
76$4,970,875$405,007$0$4,074,708
77$5,380,298$327,246$0$4,389,369
78$5,828,407$242,599$0$4,733,851
79$6,319,052$150,634$0$5,111,169
80$6,856,471$50,891$0$5,524,646
81$7,445,332$0$0$5,977,945
82$8,090,777$0$0$6,486,419
83$8,798,466$0$0$7,055,025
84$9,574,637$0$0$7,678,698
85$10,426,156$0$0$8,362,965
86$11,360,591$0$0$9,113,910
87$12,386,273$0$0$9,938,235
88$13,512,382$0$0$10,843,325
89$14,749,029$0$0$11,837,313
90$16,107,354$0$0$12,929,158
91$17,599,626$0$0$14,128,732
92$19,239,364$0$0$15,446,907
93$21,041,459$0$0$16,895,663
94$23,022,318$0$0$18,488,198
95$25,200,015$0$0$20,239,049
96$27,594,465$0$0$22,164,237
97$30,227,605$0$0$24,281,410
98$33,123,609$0$0$26,610,011
99$36,309,108$0$0$29,171,464
100$39,813,445$0$0$31,989,374