Can I retire at age 53 with 961,000?

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 $961,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$79,358$78,652$77,962$77,289$76,631$73,620
2 years$39,286$38,555$37,846$37,158$36,491$33,494
3 years$25,931$25,196$24,489$23,808$23,152$20,263
4 years$19,254$18,522$17,821$17,152$16,512$13,754
5 years$15,249$14,521$13,830$13,174$12,552$9,932
6 years$12,580$11,858$11,177$10,536$9,932$7,451
7 years$10,675$9,958$9,288$8,662$8,077$5,735
8 years$9,246$8,536$7,877$7,266$6,701$4,495
9 years$8,135$7,432$6,784$6,189$5,643$3,570
10 years$7,248$6,551$5,915$5,335$4,808$2,864
11 years$6,522$5,832$5,207$4,643$4,135$2,316
12 years$5,917$5,234$4,621$4,073$3,584$1,883
13 years$5,406$4,730$4,129$3,596$3,125$1,539
14 years$4,968$4,300$3,710$3,192$2,739$1,263
15 years$4,589$3,928$3,349$2,847$2,412$1,039
16 years$4,258$3,604$3,037$2,549$2,132$857
17 years$3,966$3,319$2,763$2,290$1,890$709
18 years$3,706$3,067$2,523$2,064$1,681$587
19 years$3,474$2,842$2,309$1,865$1,498$487
20 years$3,266$2,641$2,119$1,689$1,338$404
21 years$3,078$2,460$1,949$1,533$1,197$336
22 years$2,907$2,297$1,797$1,394$1,073$279
23 years$2,751$2,148$1,659$1,269$963$232
24 years$2,609$2,012$1,534$1,158$866$193
25 years$2,478$1,889$1,421$1,057$779$161
26 years$2,357$1,775$1,318$967$702$134
27 years$2,245$1,670$1,224$885$633$112
28 years$2,142$1,574$1,138$811$571$93
29 years$2,046$1,485$1,059$743$516$78
30 years$1,956$1,402$986$682$466$65
31 years$1,873$1,326$919$627$421$54
32 years$1,794$1,254$858$576$381$45
33 years$1,721$1,188$801$530$345$38
34 years$1,652$1,126$748$487$312$31
35 years$1,587$1,068$700$449$283$26
36 years$1,526$1,014$654$413$256$22
37 years$1,469$963$613$381$232$18
38 years$1,414$915$574$351$211$15
39 years$1,363$870$537$323$191$13
40 years$1,314$828$504$298$173$11
41 years$1,268$788$472$275$157$9
42 years$1,223$750$443$254$143$7
43 years$1,182$715$416$235$129$6
44 years$1,142$681$390$217$117$5
45 years$1,104$650$366$200$107$4
46 years$1,068$620$344$185$97$4
47 years$1,033$592$323$171$88$3
48 years$1,000$565$304$158$80$2
49 years$968$539$286$146$72$2
50 years$938$515$269$135$66$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $961,000, adding $3,087 every year, while hoping to spend $30,288 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: 65/22/13 Blend
52$961,000$961,000$961,000$961,000
53$1,062,206$1,011,273$996,378$1,127,849
54$1,138,325$1,028,599$997,530$1,189,410
55$1,221,193$1,045,759$997,706$1,252,835
56$1,311,466$1,062,713$996,841$1,321,379
57$1,409,867$1,079,418$994,867$1,395,541
58$1,517,191$1,095,827$991,712$1,475,871
59$1,634,313$1,111,890$987,302$1,562,974
60$1,762,195$1,127,556$981,560$1,657,516
61$1,901,899$1,142,766$974,402$1,760,234
62$2,054,592$1,157,460$965,743$1,871,939
63$2,221,558$1,171,574$955,494$1,993,522
64$2,404,213$1,185,036$943,558$2,125,971
65$2,604,114$1,197,775$929,839$2,270,369
66$2,822,977$1,209,710$914,233$2,427,915
67$3,062,692$1,220,756$896,630$2,599,927
68$3,325,338$1,230,825$876,919$2,787,859
69$3,613,207$1,239,820$854,981$2,993,316
70$3,928,823$1,247,639$830,691$3,218,064
71$4,274,963$1,254,175$803,920$3,464,052
72$4,654,691$1,259,310$774,532$3,733,427
73$5,071,376$1,262,923$742,386$4,028,558
74$5,528,733$1,264,883$707,332$4,352,055
75$6,030,854$1,265,052$669,217$4,706,795
76$6,582,243$1,263,282$627,879$5,095,952
77$7,187,866$1,259,417$583,147$5,523,021
78$7,853,191$1,253,291$534,844$5,991,858
79$8,584,242$1,244,727$482,787$6,506,714
80$9,387,655$1,233,540$426,782$7,072,272
81$10,270,744$1,219,531$366,627$7,693,698
82$11,241,562$1,202,491$302,111$8,376,686
83$12,308,985$1,182,196$233,015$9,127,511
84$13,482,789$1,158,412$159,109$9,953,092
85$14,773,748$1,130,888$80,153$10,861,055
86$16,193,729$1,099,360$0$11,859,807
87$17,755,810$1,063,550$0$12,959,187
88$19,474,398$1,023,159$0$14,180,741
89$21,365,368$977,875$0$15,524,638
90$23,446,212$927,367$0$17,003,331
91$25,736,201$871,284$0$18,630,543
92$28,256,571$809,254$0$20,421,399
93$31,030,720$740,886$0$22,392,570
94$34,084,429$665,766$0$24,562,426
95$37,446,107$583,455$0$26,951,214
96$41,147,056$493,490$0$29,581,250
97$45,221,767$395,382$0$32,477,127
98$49,708,247$288,615$0$35,665,948
99$54,648,374$172,643$0$39,177,587
100$60,088,295$46,890$0$43,044,965