Can I retire at age 53 with 965,000?

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 $965,000?

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$79,689$78,979$78,286$77,610$76,950$76,179
2 years$39,450$38,715$38,003$37,313$36,643$35,866
3 years$26,039$25,301$24,591$23,907$23,248$22,489
4 years$19,334$18,599$17,896$17,223$16,581$15,846
5 years$15,313$14,582$13,888$13,229$12,604$11,896
6 years$12,633$11,907$11,223$10,580$9,973$9,293
7 years$10,719$9,999$9,327$8,698$8,111$7,458
8 years$9,285$8,571$7,910$7,297$6,729$6,104
9 years$8,169$7,463$6,813$6,215$5,667$5,069
10 years$7,278$6,578$5,939$5,357$4,828$4,258
11 years$6,549$5,856$5,229$4,663$4,152$3,609
12 years$5,942$5,256$4,641$4,090$3,598$3,081
13 years$5,428$4,750$4,146$3,611$3,138$2,646
14 years$4,989$4,318$3,725$3,205$2,751$2,283
15 years$4,608$3,944$3,363$2,858$2,422$1,979
16 years$4,275$3,619$3,049$2,559$2,141$1,721
17 years$3,982$3,333$2,775$2,300$1,898$1,501
18 years$3,722$3,080$2,533$2,072$1,688$1,312
19 years$3,489$2,854$2,319$1,873$1,504$1,150
20 years$3,280$2,652$2,128$1,696$1,344$1,009
21 years$3,091$2,470$1,958$1,539$1,202$887
22 years$2,919$2,306$1,804$1,399$1,078$781
23 years$2,763$2,157$1,666$1,275$967$689
24 years$2,619$2,021$1,541$1,162$870$608
25 years$2,488$1,896$1,427$1,062$782$537
26 years$2,367$1,782$1,323$971$705$475
27 years$2,255$1,677$1,229$888$635$420
28 years$2,151$1,581$1,142$814$573$372
29 years$2,054$1,491$1,063$746$518$330
30 years$1,964$1,408$990$685$468$292
31 years$1,880$1,331$923$629$423$259
32 years$1,802$1,260$861$578$383$230
33 years$1,728$1,193$804$532$346$204
34 years$1,659$1,131$751$489$313$181
35 years$1,594$1,072$703$450$284$161
36 years$1,533$1,018$657$415$257$143
37 years$1,475$967$615$382$233$127
38 years$1,420$919$576$352$211$113
39 years$1,368$874$540$325$192$100
40 years$1,319$831$506$300$174$89
41 years$1,273$791$474$276$158$79
42 years$1,229$753$445$255$143$70
43 years$1,187$718$418$235$130$62
44 years$1,147$684$392$217$118$55
45 years$1,108$653$368$201$107$49
46 years$1,072$623$346$185$97$44
47 years$1,037$594$325$171$88$39
48 years$1,004$567$305$158$80$35
49 years$973$542$287$146$73$31
50 years$942$517$270$135$66$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $965,000, adding $4,583 every year, while hoping to spend $28,465 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: 59/20/21 Blend
52$965,000$965,000$965,000$965,000
53$1,068,157$1,017,012$1,002,055$1,124,981
54$1,146,823$1,036,559$1,005,337$1,183,637
55$1,232,558$1,056,110$1,007,775$1,244,085
56$1,326,055$1,075,635$1,009,311$1,309,380
57$1,428,072$1,095,101$1,009,883$1,379,996
58$1,539,449$1,114,475$1,009,428$1,456,457
59$1,661,106$1,133,717$1,007,877$1,539,340
60$1,794,058$1,152,788$1,005,160$1,629,280
61$1,939,422$1,171,645$1,001,203$1,726,979
62$2,098,428$1,190,240$995,928$1,833,209
63$2,272,429$1,208,524$989,253$1,948,822
64$2,462,918$1,226,442$981,094$2,074,760
65$2,671,535$1,243,938$971,360$2,212,057
66$2,900,090$1,260,949$959,959$2,361,856
67$3,150,572$1,277,409$946,791$2,525,417
68$3,425,177$1,293,248$931,755$2,704,129
69$3,726,318$1,308,391$914,742$2,899,523
70$4,056,657$1,322,756$895,640$3,113,288
71$4,419,123$1,336,258$874,331$3,347,284
72$4,816,944$1,348,805$850,692$3,603,566
73$5,253,676$1,360,300$824,593$3,884,396
74$5,733,234$1,370,639$795,901$4,192,270
75$6,259,934$1,379,710$764,473$4,529,938
76$6,838,527$1,387,395$730,163$4,900,435
77$7,474,249$1,393,570$692,816$5,307,104
78$8,172,868$1,398,100$652,270$5,753,632
79$8,940,738$1,400,844$608,359$6,244,086
80$9,784,859$1,401,651$560,904$6,782,946
81$10,712,943$1,400,361$509,723$7,375,154
82$11,733,488$1,396,804$454,624$8,026,157
83$12,855,855$1,390,798$395,405$8,741,960
84$14,090,359$1,382,154$331,857$9,529,184
85$15,448,362$1,370,666$263,762$10,395,128
86$16,942,387$1,356,121$190,890$11,347,838
87$18,586,229$1,338,289$113,003$12,396,184
88$20,395,087$1,316,928$29,851$13,549,944
89$22,385,711$1,291,782$0$14,819,897
90$24,576,554$1,262,580$0$16,231,121
91$26,987,948$1,229,032$0$17,791,515
92$29,642,300$1,190,835$0$19,508,887
93$32,564,295$1,147,667$0$21,399,219
94$35,781,135$1,099,185$0$23,480,125
95$39,322,795$1,045,029$0$25,771,018
96$43,222,302$984,817$0$28,293,290
97$47,516,048$918,145$0$31,070,519
98$52,244,137$844,585$0$34,128,688
99$57,450,756$763,687$0$37,496,432
100$63,184,598$674,973$0$41,205,310