Can I retire at age 53 with 963,000?

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 $963,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$79,524$78,815$78,124$77,450$76,791$74,333
2 years$39,368$38,635$37,924$37,235$36,567$34,113
3 years$25,985$25,248$24,540$23,857$23,200$20,827
4 years$19,294$18,560$17,859$17,188$16,546$14,273
5 years$15,281$14,551$13,859$13,202$12,578$10,411
6 years$12,607$11,882$11,200$10,558$9,953$7,892
7 years$10,697$9,979$9,307$8,680$8,094$6,141
8 years$9,265$8,554$7,893$7,281$6,715$4,868
9 years$8,152$7,447$6,799$6,202$5,655$3,911
10 years$7,263$6,565$5,927$5,346$4,818$3,176
11 years$6,535$5,844$5,218$4,653$4,144$2,599
12 years$5,929$5,245$4,631$4,081$3,591$2,141
13 years$5,417$4,740$4,137$3,603$3,131$1,773
14 years$4,978$4,309$3,718$3,198$2,745$1,474
15 years$4,598$3,936$3,356$2,852$2,417$1,229
16 years$4,266$3,611$3,043$2,554$2,136$1,028
17 years$3,974$3,326$2,769$2,295$1,894$862
18 years$3,714$3,073$2,528$2,068$1,684$724
19 years$3,482$2,848$2,314$1,869$1,501$609
20 years$3,273$2,647$2,124$1,692$1,341$513
21 years$3,084$2,465$1,953$1,536$1,200$433
22 years$2,913$2,301$1,800$1,397$1,075$365
23 years$2,757$2,152$1,662$1,272$965$308
24 years$2,614$2,017$1,537$1,160$868$261
25 years$2,483$1,893$1,424$1,059$781$220
26 years$2,362$1,779$1,321$969$703$187
27 years$2,250$1,674$1,226$887$634$158
28 years$2,146$1,577$1,140$812$572$134
29 years$2,050$1,488$1,061$745$517$113
30 years$1,960$1,405$988$684$467$96
31 years$1,876$1,328$921$628$422$81
32 years$1,798$1,257$860$577$382$69
33 years$1,725$1,190$803$531$346$58
34 years$1,656$1,128$750$488$313$49
35 years$1,591$1,070$701$449$283$42
36 years$1,529$1,016$656$414$257$36
37 years$1,472$965$614$381$233$30
38 years$1,417$917$575$352$211$26
39 years$1,366$872$539$324$191$22
40 years$1,317$829$505$299$174$18
41 years$1,270$790$473$276$157$16
42 years$1,226$752$444$255$143$13
43 years$1,184$716$417$235$130$11
44 years$1,144$683$391$217$118$10
45 years$1,106$651$367$200$107$8
46 years$1,070$621$345$185$97$7
47 years$1,035$593$324$171$88$6
48 years$1,002$566$305$158$80$5
49 years$971$540$286$146$73$4
50 years$940$516$269$135$66$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $963,000, adding $4,955 every year, while hoping to spend $26,240 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: 37/50/13 Blend
52$963,000$963,000$963,000$963,000
53$1,066,337$1,015,298$1,000,372$1,101,377
54$1,147,184$1,037,129$1,005,965$1,148,743
55$1,235,398$1,059,149$1,010,866$1,196,978
56$1,331,703$1,081,342$1,015,024$1,248,504
57$1,436,896$1,103,686$1,018,386$1,303,629
58$1,551,852$1,126,160$1,020,895$1,362,690
59$1,677,539$1,148,739$1,022,493$1,426,062
60$1,815,019$1,171,398$1,023,117$1,494,155
61$1,965,462$1,194,108$1,022,703$1,567,423
62$2,130,158$1,216,838$1,021,182$1,646,366
63$2,310,525$1,239,555$1,018,484$1,731,536
64$2,508,128$1,262,222$1,014,532$1,823,542
65$2,724,687$1,284,801$1,009,248$1,923,054
66$2,962,097$1,307,249$1,002,551$2,030,813
67$3,222,448$1,329,521$994,353$2,147,633
68$3,508,038$1,351,568$984,564$2,274,416
69$3,821,401$1,373,337$973,090$2,412,154
70$4,165,327$1,394,774$959,831$2,561,941
71$4,542,888$1,415,815$944,684$2,724,985
72$4,957,471$1,436,398$927,539$2,902,619
73$5,412,804$1,456,453$908,282$3,096,310
74$5,912,995$1,475,905$886,795$3,307,679
75$6,462,571$1,494,675$862,953$3,538,514
76$7,066,517$1,512,677$836,626$3,790,784
77$7,730,326$1,529,822$807,677$4,066,664
78$8,460,048$1,546,012$775,963$4,368,552
79$9,262,350$1,561,145$741,335$4,699,090
80$10,144,578$1,575,109$703,638$5,061,196
81$11,114,823$1,587,787$662,708$5,458,086
82$12,182,001$1,599,055$618,375$5,893,306
83$13,355,936$1,608,780$570,461$6,370,769
84$14,647,450$1,616,819$518,780$6,894,788
85$16,068,469$1,623,022$463,138$7,470,120
86$17,632,132$1,627,228$403,332$8,102,012
87$19,352,915$1,629,269$339,150$8,796,250
88$21,246,772$1,628,961$270,370$9,559,212
89$23,331,276$1,626,115$196,762$10,397,933
90$25,625,797$1,620,525$118,084$11,320,171
91$28,151,673$1,611,975$34,084$12,334,481
92$30,932,417$1,600,235$0$13,450,292
93$33,993,939$1,585,063$0$14,685,713
94$37,364,789$1,566,199$0$16,050,049
95$41,076,425$1,543,370$0$17,551,252
96$45,163,511$1,516,285$0$19,203,302
97$49,664,244$1,484,639$0$21,021,613
98$54,620,715$1,448,104$0$23,023,176
99$60,079,304$1,406,337$0$25,226,721
100$66,091,117$1,358,972$0$27,652,894