Can I retire at age 53 with 960,000?

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 $960,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$79,276$78,570$77,881$77,208$76,552$73,983
2 years$39,245$38,515$37,806$37,119$36,453$33,890
3 years$25,904$25,170$24,463$23,783$23,127$20,651
4 years$19,234$18,502$17,803$17,134$16,495$14,124
5 years$15,234$14,506$13,816$13,161$12,539$10,280
6 years$12,567$11,845$11,165$10,525$9,922$7,777
7 years$10,664$9,948$9,278$8,653$8,069$6,037
8 years$9,236$8,527$7,869$7,259$6,694$4,774
9 years$8,127$7,424$6,777$6,183$5,637$3,827
10 years$7,240$6,544$5,909$5,330$4,803$3,099
11 years$6,515$5,826$5,202$4,638$4,131$2,530
12 years$5,911$5,229$4,617$4,068$3,580$2,079
13 years$5,400$4,725$4,125$3,592$3,122$1,716
14 years$4,963$4,295$3,706$3,188$2,736$1,423
15 years$4,584$3,924$3,346$2,844$2,409$1,184
16 years$4,253$3,600$3,034$2,546$2,129$987
17 years$3,961$3,316$2,760$2,288$1,888$825
18 years$3,702$3,064$2,520$2,062$1,679$691
19 years$3,471$2,839$2,307$1,863$1,496$580
20 years$3,263$2,639$2,117$1,687$1,337$487
21 years$3,075$2,458$1,947$1,531$1,196$409
22 years$2,904$2,294$1,795$1,392$1,072$344
23 years$2,748$2,146$1,657$1,268$962$290
24 years$2,606$2,010$1,533$1,156$865$244
25 years$2,475$1,887$1,420$1,056$778$206
26 years$2,354$1,773$1,317$966$701$174
27 years$2,243$1,669$1,223$884$632$146
28 years$2,140$1,572$1,136$810$570$124
29 years$2,044$1,483$1,058$743$515$104
30 years$1,954$1,401$985$682$465$88
31 years$1,871$1,324$918$626$421$74
32 years$1,792$1,253$857$575$381$63
33 years$1,719$1,187$800$529$344$53
34 years$1,650$1,125$748$487$312$45
35 years$1,586$1,067$699$448$282$38
36 years$1,525$1,013$654$413$256$32
37 years$1,467$962$612$380$232$27
38 years$1,413$914$573$350$210$23
39 years$1,361$869$537$323$191$19
40 years$1,312$827$503$298$173$16
41 years$1,266$787$472$275$157$14
42 years$1,222$750$443$254$142$12
43 years$1,180$714$415$234$129$10
44 years$1,141$681$390$216$117$8
45 years$1,103$649$366$200$106$7
46 years$1,067$619$344$185$97$6
47 years$1,032$591$323$170$88$5
48 years$999$564$304$158$80$4
49 years$967$539$285$146$72$4
50 years$937$515$268$135$66$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $960,000, adding $6,972 every year, while hoping to spend $21,217 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: 54/17/29 Blend
52$960,000$960,000$960,000$960,000
53$1,065,112$1,014,232$999,352$1,113,689
54$1,151,178$1,041,354$1,010,255$1,175,187
55$1,245,313$1,069,095$1,020,813$1,239,368
56$1,348,315$1,097,461$1,030,991$1,308,825
57$1,461,067$1,126,461$1,040,753$1,384,075
58$1,584,540$1,156,101$1,050,062$1,465,684
59$1,719,802$1,186,388$1,058,878$1,554,277
60$1,868,030$1,217,330$1,067,158$1,650,545
61$2,030,520$1,248,931$1,074,860$1,755,246
62$2,208,701$1,281,196$1,081,936$1,869,218
63$2,404,146$1,314,132$1,088,337$1,993,381
64$2,618,585$1,347,741$1,094,013$2,128,754
65$2,853,928$1,382,027$1,098,910$2,276,454
66$3,112,276$1,416,993$1,102,970$2,437,717
67$3,395,943$1,452,641$1,106,135$2,613,903
68$3,707,480$1,488,971$1,108,341$2,806,510
69$4,049,696$1,525,984$1,109,524$3,017,191
70$4,425,686$1,563,678$1,109,613$3,247,767
71$4,838,859$1,602,051$1,108,538$3,500,244
72$5,292,970$1,641,100$1,106,222$3,776,834
73$5,792,158$1,680,819$1,102,586$4,079,976
74$6,340,982$1,721,203$1,097,546$4,412,354
75$6,944,463$1,762,243$1,091,015$4,776,932
76$7,608,136$1,803,930$1,082,901$5,176,972
77$8,338,096$1,846,253$1,073,109$5,616,072
78$9,141,061$1,889,198$1,061,537$6,098,197
79$10,024,431$1,932,751$1,048,081$6,627,716
80$10,996,362$1,976,894$1,032,630$7,209,447
81$12,065,836$2,021,608$1,015,069$7,848,696
82$13,242,754$2,066,869$995,276$8,551,316
83$14,538,023$2,112,654$973,126$9,323,754
84$15,963,661$2,158,934$948,486$10,173,119
85$17,532,912$2,205,678$921,217$11,107,244
86$19,260,366$2,252,854$891,175$12,134,762
87$21,162,102$2,300,422$858,208$13,265,189
88$23,255,836$2,348,343$822,157$14,509,014
89$25,561,090$2,396,570$782,858$15,877,796
90$28,099,374$2,445,055$740,137$17,384,274
91$30,894,392$2,493,744$693,813$19,042,491
92$33,972,261$2,542,579$643,697$20,867,921
93$37,361,761$2,591,495$589,591$22,877,621
94$41,094,608$2,640,425$531,289$25,090,389
95$45,205,746$2,689,294$468,575$27,526,943
96$49,733,683$2,738,021$401,224$30,210,117
97$54,720,855$2,786,520$329,001$33,165,077
98$60,214,019$2,834,697$251,660$36,419,558
99$66,264,703$2,882,451$168,944$40,004,127
100$72,929,686$2,929,674$80,587$43,952,474