Can I retire at age 53 with 961,000?

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 $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%19.7%
1 years$79,358$78,652$77,962$77,289$76,631$73,649
2 years$39,286$38,555$37,846$37,158$36,491$33,523
3 years$25,931$25,196$24,489$23,808$23,152$20,290
4 years$19,254$18,522$17,821$17,152$16,512$13,779
5 years$15,249$14,521$13,830$13,174$12,552$9,956
6 years$12,580$11,858$11,177$10,536$9,932$7,473
7 years$10,675$9,958$9,288$8,662$8,077$5,755
8 years$9,246$8,536$7,877$7,266$6,701$4,513
9 years$8,135$7,432$6,784$6,189$5,643$3,587
10 years$7,248$6,551$5,915$5,335$4,808$2,880
11 years$6,522$5,832$5,207$4,643$4,135$2,330
12 years$5,917$5,234$4,621$4,073$3,584$1,896
13 years$5,406$4,730$4,129$3,596$3,125$1,551
14 years$4,968$4,300$3,710$3,192$2,739$1,273
15 years$4,589$3,928$3,349$2,847$2,412$1,048
16 years$4,258$3,604$3,037$2,549$2,132$866
17 years$3,966$3,319$2,763$2,290$1,890$716
18 years$3,706$3,067$2,523$2,064$1,681$593
19 years$3,474$2,842$2,309$1,865$1,498$492
20 years$3,266$2,641$2,119$1,689$1,338$409
21 years$3,078$2,460$1,949$1,533$1,197$340
22 years$2,907$2,297$1,797$1,394$1,073$283
23 years$2,751$2,148$1,659$1,269$963$236
24 years$2,609$2,012$1,534$1,158$866$196
25 years$2,478$1,889$1,421$1,057$779$164
26 years$2,357$1,775$1,318$967$702$137
27 years$2,245$1,670$1,224$885$633$114
28 years$2,142$1,574$1,138$811$571$95
29 years$2,046$1,485$1,059$743$516$79
30 years$1,956$1,402$986$682$466$66
31 years$1,873$1,326$919$627$421$55
32 years$1,794$1,254$858$576$381$46
33 years$1,721$1,188$801$530$345$39
34 years$1,652$1,126$748$487$312$32
35 years$1,587$1,068$700$449$283$27
36 years$1,526$1,014$654$413$256$22
37 years$1,469$963$613$381$232$19
38 years$1,414$915$574$351$211$16
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$8
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$3
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 $4,073 every year, while hoping to spend $51,082 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: 47/35/18 Blend
52$961,000$961,000$961,000$961,000
53$1,063,223$1,012,290$997,395$1,107,595
54$1,117,321$1,007,542$976,457$1,134,140
55$1,175,225$1,000,848$953,105$1,157,451
56$1,237,269$992,061$927,205$1,181,667
57$1,303,820$981,021$898,616$1,206,895
58$1,375,280$967,562$867,190$1,233,252
59$1,452,091$951,505$832,773$1,260,876
60$1,534,738$932,662$795,204$1,289,917
61$1,623,752$910,833$754,315$1,320,546
62$1,719,718$885,808$709,928$1,352,957
63$1,823,279$857,362$661,860$1,387,365
64$1,935,140$825,259$609,919$1,424,014
65$2,056,076$789,248$553,903$1,463,176
66$2,186,939$749,065$493,602$1,505,155
67$2,328,666$704,429$428,797$1,550,294
68$2,482,288$655,043$359,259$1,598,975
69$2,648,935$600,595$284,749$1,651,625
70$2,829,855$540,752$205,016$1,708,720
71$3,026,416$475,165$119,800$1,770,794
72$3,240,126$403,464$28,829$1,838,441
73$3,472,643$325,257$0$1,912,323
74$3,725,790$240,132$0$2,006,287
75$4,001,574$147,652$0$2,114,807
76$4,302,205$47,357$0$2,233,315
77$4,630,112$0$0$2,362,891
78$4,987,973$0$0$2,528,318
79$5,378,731$0$0$2,728,970
80$5,805,629$0$0$2,948,285
81$6,272,236$0$0$3,188,111
82$6,782,482$0$0$3,450,481
83$7,340,693$0$0$3,737,634
84$7,951,633$0$0$4,052,035
85$8,620,547$0$0$4,396,400
86$9,353,213$0$0$4,773,719
87$10,155,993$0$0$5,187,284
88$11,035,891$0$0$5,640,722
89$12,000,625$0$0$6,138,027
90$13,058,692$0$0$6,683,599
91$14,219,453$0$0$7,282,283
92$15,493,219$0$0$7,939,417
93$16,891,345$0$0$8,660,880
94$18,426,341$0$0$9,453,150
95$20,111,987$0$0$10,323,360
96$21,963,463$0$0$11,279,370
97$23,997,491$0$0$12,329,838
98$26,232,493$0$0$13,484,303
99$28,688,765$0$0$14,753,274
100$31,388,663$0$0$16,148,327