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%18.6%
1 years$79,358$78,652$77,962$77,289$76,631$73,971
2 years$39,286$38,555$37,846$37,158$36,491$33,839
3 years$25,931$25,196$24,489$23,808$23,152$20,590
4 years$19,254$18,522$17,821$17,152$16,512$14,061
5 years$15,249$14,521$13,830$13,174$12,552$10,218
6 years$12,580$11,858$11,177$10,536$9,932$7,717
7 years$10,675$9,958$9,288$8,662$8,077$5,980
8 years$9,246$8,536$7,877$7,266$6,701$4,721
9 years$8,135$7,432$6,784$6,189$5,643$3,777
10 years$7,248$6,551$5,915$5,335$4,808$3,053
11 years$6,522$5,832$5,207$4,643$4,135$2,488
12 years$5,917$5,234$4,621$4,073$3,584$2,040
13 years$5,406$4,730$4,129$3,596$3,125$1,681
14 years$4,968$4,300$3,710$3,192$2,739$1,391
15 years$4,589$3,928$3,349$2,847$2,412$1,154
16 years$4,258$3,604$3,037$2,549$2,132$961
17 years$3,966$3,319$2,763$2,290$1,890$801
18 years$3,706$3,067$2,523$2,064$1,681$669
19 years$3,474$2,842$2,309$1,865$1,498$560
20 years$3,266$2,641$2,119$1,689$1,338$469
21 years$3,078$2,460$1,949$1,533$1,197$394
22 years$2,907$2,297$1,797$1,394$1,073$330
23 years$2,751$2,148$1,659$1,269$963$278
24 years$2,609$2,012$1,534$1,158$866$233
25 years$2,478$1,889$1,421$1,057$779$196
26 years$2,357$1,775$1,318$967$702$165
27 years$2,245$1,670$1,224$885$633$139
28 years$2,142$1,574$1,138$811$571$117
29 years$2,046$1,485$1,059$743$516$98
30 years$1,956$1,402$986$682$466$83
31 years$1,873$1,326$919$627$421$70
32 years$1,794$1,254$858$576$381$59
33 years$1,721$1,188$801$530$345$50
34 years$1,652$1,126$748$487$312$42
35 years$1,587$1,068$700$449$283$35
36 years$1,526$1,014$654$413$256$30
37 years$1,469$963$613$381$232$25
38 years$1,414$915$574$351$211$21
39 years$1,363$870$537$323$191$18
40 years$1,314$828$504$298$173$15
41 years$1,268$788$472$275$157$13
42 years$1,223$750$443$254$143$11
43 years$1,182$715$416$235$129$9
44 years$1,142$681$390$217$117$8
45 years$1,104$650$366$200$107$6
46 years$1,068$620$344$185$97$5
47 years$1,033$592$323$171$88$5
48 years$1,000$565$304$158$80$4
49 years$968$539$286$146$72$3
50 years$938$515$269$135$66$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $961,000, adding $4,777 every year, while hoping to spend $49,686 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: 62/11/27 Blend
52$961,000$961,000$961,000$961,000
53$1,063,949$1,013,016$998,121$1,121,963
54$1,119,607$1,009,789$978,693$1,158,685
55$1,179,276$1,004,738$956,948$1,192,932
56$1,243,314$997,721$932,757$1,229,259
57$1,312,111$988,589$905,984$1,267,877
58$1,386,099$977,182$876,487$1,309,023
59$1,465,747$963,331$844,116$1,352,957
60$1,551,576$946,856$808,716$1,399,971
61$1,644,153$927,569$770,124$1,450,385
62$1,744,104$905,267$728,171$1,504,555
63$1,852,116$879,738$682,678$1,562,879
64$1,968,943$850,757$633,459$1,625,793
65$2,095,416$818,085$580,321$1,693,783
66$2,232,447$781,470$523,060$1,767,386
67$2,381,040$740,644$461,465$1,847,199
68$2,542,296$695,326$395,315$1,933,882
69$2,717,430$645,217$324,377$2,028,163
70$2,907,775$590,000$248,412$2,130,851
71$3,114,801$529,343$167,166$2,242,842
72$3,340,122$462,892$80,378$2,365,124
73$3,585,516$390,275$0$2,498,792
74$3,852,938$311,098$0$2,648,584
75$4,144,540$224,944$0$2,837,253
76$4,462,692$131,375$0$3,043,187
77$4,810,000$29,926$0$3,268,113
78$5,189,336$0$0$3,513,934
79$5,603,859$0$0$3,792,419
80$6,057,046$0$0$4,100,910
81$6,552,730$0$0$4,438,399
82$7,095,125$0$0$4,807,767
83$7,688,877$0$0$5,212,185
84$8,339,098$0$0$5,655,145
85$9,051,419$0$0$6,140,494
86$9,832,041$0$0$6,672,467
87$10,687,794$0$0$7,255,728
88$11,626,200$0$0$7,895,417
89$12,655,543$0$0$8,597,191
90$13,784,948$0$0$9,367,284
91$15,024,467$0$0$10,212,562
92$16,385,171$0$0$11,140,587
93$17,879,254$0$0$12,159,691
94$19,520,153$0$0$13,279,050
95$21,322,665$0$0$14,508,775
96$23,303,095$0$0$15,860,002
97$25,479,402$0$0$17,345,002
98$27,871,373$0$0$18,977,290
99$30,500,807$0$0$20,771,760
100$33,391,720$0$0$22,744,818