Can I retire at age 53 with 964,000?

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 $964,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$79,606$78,897$78,205$77,530$76,871$75,816
2 years$39,409$38,675$37,964$37,274$36,605$35,544
3 years$26,012$25,275$24,565$23,882$23,224$22,190
4 years$19,314$18,579$17,877$17,206$16,563$15,564
5 years$15,297$14,567$13,873$13,215$12,591$11,630
6 years$12,620$11,895$11,212$10,569$9,963$9,041
7 years$10,708$9,989$9,317$8,689$8,103$7,220
8 years$9,275$8,563$7,902$7,289$6,722$5,878
9 years$8,161$7,455$6,806$6,209$5,661$4,856
10 years$7,270$6,571$5,933$5,352$4,823$4,056
11 years$6,542$5,850$5,224$4,658$4,148$3,419
12 years$5,935$5,251$4,636$4,085$3,595$2,902
13 years$5,423$4,745$4,142$3,607$3,135$2,478
14 years$4,984$4,313$3,721$3,202$2,748$2,126
15 years$4,603$3,940$3,360$2,855$2,419$1,831
16 years$4,271$3,615$3,046$2,557$2,138$1,582
17 years$3,978$3,329$2,772$2,297$1,896$1,371
18 years$3,718$3,076$2,530$2,070$1,686$1,191
19 years$3,485$2,851$2,317$1,871$1,503$1,037
20 years$3,276$2,650$2,126$1,694$1,342$904
21 years$3,088$2,468$1,955$1,538$1,201$790
22 years$2,916$2,304$1,802$1,398$1,077$691
23 years$2,760$2,155$1,664$1,273$966$605
24 years$2,617$2,019$1,539$1,161$869$530
25 years$2,485$1,894$1,425$1,061$782$465
26 years$2,364$1,781$1,322$970$704$408
27 years$2,252$1,676$1,228$888$635$359
28 years$2,149$1,579$1,141$813$573$315
29 years$2,052$1,490$1,062$746$517$277
30 years$1,962$1,407$989$684$467$244
31 years$1,878$1,330$922$629$422$215
32 years$1,800$1,258$860$578$382$189
33 years$1,726$1,192$803$531$346$166
34 years$1,657$1,129$751$489$313$147
35 years$1,592$1,071$702$450$284$129
36 years$1,531$1,017$657$414$257$114
37 years$1,473$966$614$382$233$100
38 years$1,419$918$575$352$211$88
39 years$1,367$873$539$324$191$78
40 years$1,318$830$505$299$174$69
41 years$1,271$790$474$276$158$61
42 years$1,227$753$444$255$143$53
43 years$1,185$717$417$235$130$47
44 years$1,145$684$392$217$118$42
45 years$1,107$652$368$201$107$37
46 years$1,071$622$345$185$97$32
47 years$1,036$593$324$171$88$29
48 years$1,003$567$305$158$80$25
49 years$972$541$287$146$73$22
50 years$941$517$269$135$66$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $964,000, adding $5,338 every year, while hoping to spend $54,990 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: 56/22/22 Blend
52$964,000$964,000$964,000$964,000
53$1,067,834$1,016,742$1,001,800$1,120,990
54$1,118,244$1,008,054$976,852$1,149,240
55$1,171,953$997,096$949,224$1,173,713
56$1,229,239$983,701$918,770$1,199,193
57$1,290,408$967,688$885,335$1,225,792
58$1,355,793$948,868$848,757$1,253,634
59$1,425,760$927,039$808,867$1,282,862
60$1,500,712$901,989$765,489$1,313,634
61$1,581,090$873,491$718,437$1,346,129
62$1,667,376$841,307$667,519$1,380,546
63$1,760,101$805,184$612,534$1,417,107
64$1,859,847$764,854$553,270$1,456,064
65$1,967,255$720,035$489,508$1,497,696
66$2,083,025$670,427$421,017$1,542,314
67$2,207,930$615,715$347,558$1,590,268
68$2,342,818$555,563$268,879$1,641,946
69$2,488,619$489,619$184,720$1,697,783
70$2,646,356$417,509$94,807$1,758,262
71$2,817,156$338,838$0$1,823,921
72$3,002,255$253,190$0$1,895,630
73$3,203,012$160,124$0$1,997,554
74$3,420,925$59,176$0$2,108,230
75$3,657,638$0$0$2,228,560
76$3,914,961$0$0$2,371,680
77$4,194,884$0$0$2,543,030
78$4,499,598$0$0$2,729,635
79$4,831,513$0$0$2,932,981
80$5,193,282$0$0$3,154,704
81$5,587,824$0$0$3,396,602
82$6,018,350$0$0$3,660,659
83$6,488,398$0$0$3,949,053
84$7,001,861$0$0$4,264,187
85$7,563,024$0$0$4,608,702
86$8,176,605$0$0$4,985,510
87$8,847,799$0$0$5,397,813
88$9,582,326$0$0$5,849,141
89$10,386,484$0$0$6,343,377
90$11,267,209$0$0$6,884,801
91$12,232,140$0$0$7,478,124
92$13,289,687$0$0$8,128,534
93$14,449,115$0$0$8,841,747
94$15,720,627$0$0$9,624,057
95$17,115,460$0$0$10,482,397
96$18,645,994$0$0$11,424,403
97$20,325,862$0$0$12,458,487
98$22,170,082$0$0$13,593,915
99$24,195,199$0$0$14,840,893
100$26,419,437$0$0$16,210,666