Can I retire at age 53 with 962,000?

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 $962,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$79,441$78,733$78,043$77,369$76,711$75,942
2 years$39,327$38,595$37,885$37,197$36,529$35,754
3 years$25,958$25,222$24,514$23,832$23,176$22,419
4 years$19,274$18,541$17,840$17,170$16,529$15,797
5 years$15,265$14,536$13,845$13,188$12,565$11,859
6 years$12,593$11,870$11,188$10,547$9,942$9,264
7 years$10,686$9,968$9,298$8,671$8,086$7,435
8 years$9,256$8,545$7,885$7,274$6,708$6,085
9 years$8,144$7,440$6,791$6,196$5,649$5,053
10 years$7,255$6,558$5,921$5,341$4,813$4,245
11 years$6,528$5,838$5,213$4,648$4,140$3,597
12 years$5,923$5,240$4,626$4,077$3,587$3,071
13 years$5,411$4,735$4,133$3,599$3,128$2,637
14 years$4,973$4,304$3,714$3,195$2,742$2,276
15 years$4,594$3,932$3,353$2,849$2,414$1,972
16 years$4,262$3,608$3,040$2,551$2,134$1,715
17 years$3,970$3,322$2,766$2,292$1,892$1,496
18 years$3,710$3,070$2,525$2,066$1,682$1,308
19 years$3,478$2,845$2,312$1,867$1,499$1,146
20 years$3,270$2,644$2,122$1,691$1,339$1,006
21 years$3,081$2,463$1,951$1,534$1,199$885
22 years$2,910$2,299$1,799$1,395$1,074$779
23 years$2,754$2,150$1,661$1,271$964$687
24 years$2,611$2,015$1,536$1,159$867$606
25 years$2,480$1,891$1,422$1,058$780$536
26 years$2,359$1,777$1,319$968$703$473
27 years$2,248$1,672$1,225$886$633$419
28 years$2,144$1,576$1,139$812$572$371
29 years$2,048$1,486$1,060$744$516$329
30 years$1,958$1,404$987$683$466$291
31 years$1,875$1,327$920$627$422$258
32 years$1,796$1,256$859$576$381$229
33 years$1,723$1,189$802$530$345$203
34 years$1,654$1,127$749$488$312$180
35 years$1,589$1,069$700$449$283$160
36 years$1,528$1,015$655$414$256$142
37 years$1,470$964$613$381$232$126
38 years$1,416$916$574$351$211$112
39 years$1,364$871$538$324$191$100
40 years$1,315$829$504$299$173$89
41 years$1,269$789$473$276$157$79
42 years$1,225$751$444$254$143$70
43 years$1,183$716$416$235$129$62
44 years$1,143$682$391$217$118$55
45 years$1,105$651$367$200$107$49
46 years$1,069$621$345$185$97$44
47 years$1,034$592$324$171$88$39
48 years$1,001$565$304$158$80$35
49 years$969$540$286$146$73$31
50 years$939$516$269$135$66$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $962,000, adding $2,776 every year, while hoping to spend $25,494 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: 49/23/28 Blend
52$962,000$962,000$962,000$962,000
53$1,062,987$1,012,001$997,090$1,106,493
54$1,144,287$1,034,464$1,003,368$1,159,747
55$1,233,024$1,057,173$1,009,000$1,214,833
56$1,329,931$1,080,113$1,013,941$1,274,188
57$1,435,814$1,103,268$1,018,137$1,338,228
58$1,551,559$1,126,620$1,021,537$1,407,412
59$1,678,142$1,150,149$1,024,083$1,482,246
60$1,816,640$1,173,833$1,025,717$1,563,290
61$1,968,235$1,197,649$1,026,376$1,651,157
62$2,134,230$1,221,570$1,025,995$1,746,528
63$2,316,063$1,245,567$1,024,507$1,850,150
64$2,515,313$1,269,612$1,021,839$1,962,850
65$2,733,721$1,293,669$1,017,917$2,085,538
66$2,973,205$1,317,703$1,012,662$2,219,217
67$3,235,876$1,341,675$1,005,990$2,364,995
68$3,524,061$1,365,543$997,817$2,524,093
69$3,840,322$1,389,261$988,051$2,697,857
70$4,187,482$1,412,781$976,597$2,887,772
71$4,568,647$1,436,050$963,355$3,095,476
72$4,987,245$1,459,012$948,223$3,322,773
73$5,447,046$1,481,606$931,090$3,571,655
74$5,952,206$1,503,766$911,843$3,844,317
75$6,507,304$1,525,423$890,363$4,143,181
76$7,117,383$1,546,503$866,524$4,470,914
77$7,787,999$1,566,925$840,196$4,830,462
78$8,525,275$1,586,604$811,242$5,225,068
79$9,335,954$1,605,449$779,520$5,658,313
80$10,227,467$1,623,362$744,880$6,134,140
81$11,208,000$1,640,238$707,165$6,656,902
82$12,286,574$1,655,968$666,213$7,231,394
83$13,473,127$1,670,432$621,853$7,862,906
84$14,778,607$1,683,505$573,907$8,557,266
85$16,215,080$1,695,051$522,188$9,320,905
86$17,795,838$1,704,929$466,501$10,160,910
87$19,535,529$1,712,985$406,644$11,085,093
88$21,450,290$1,719,059$342,403$12,102,069
89$23,557,904$1,722,977$273,558$13,221,334
90$25,877,964$1,724,558$199,877$14,453,359
91$28,432,062$1,723,606$121,118$15,809,684
92$31,243,985$1,719,916$37,028$17,303,032
93$34,339,948$1,713,268$0$18,947,430
94$37,748,835$1,703,430$0$20,774,086
95$41,502,474$1,690,156$0$22,797,128
96$45,635,937$1,673,185$0$25,024,354
97$50,187,870$1,652,238$0$27,476,565
98$55,200,857$1,627,023$0$30,176,685
99$60,721,825$1,597,227$0$33,149,977
100$66,802,482$1,562,522$0$36,424,282