Can I retire at age 53 with 969,000?

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 $969,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$80,019$79,306$78,611$77,932$77,269$75,771
2 years$39,613$38,876$38,161$37,467$36,795$35,292
3 years$26,147$25,406$24,692$24,006$23,344$21,883
4 years$19,415$18,676$17,970$17,295$16,649$15,241
5 years$15,376$14,642$13,945$13,284$12,657$11,305
6 years$12,685$11,956$11,270$10,623$10,015$8,722
7 years$10,764$10,041$9,365$8,734$8,145$6,910
8 years$9,323$8,607$7,943$7,327$6,757$5,581
9 years$8,203$7,494$6,841$6,241$5,690$4,572
10 years$7,308$6,606$5,964$5,380$4,848$3,787
11 years$6,576$5,880$5,251$4,682$4,170$3,164
12 years$5,966$5,278$4,660$4,107$3,613$2,661
13 years$5,451$4,770$4,163$3,626$3,151$2,251
14 years$5,009$4,336$3,741$3,218$2,762$1,913
15 years$4,627$3,961$3,377$2,870$2,432$1,632
16 years$4,293$3,634$3,062$2,570$2,149$1,397
17 years$3,999$3,347$2,786$2,309$1,906$1,198
18 years$3,737$3,092$2,544$2,081$1,695$1,031
19 years$3,503$2,866$2,329$1,880$1,510$888
20 years$3,293$2,663$2,137$1,703$1,349$766
21 years$3,104$2,481$1,966$1,546$1,207$662
22 years$2,931$2,316$1,812$1,405$1,082$573
23 years$2,774$2,166$1,673$1,280$971$496
24 years$2,630$2,029$1,547$1,167$873$430
25 years$2,498$1,904$1,433$1,066$786$373
26 years$2,377$1,790$1,329$975$708$324
27 years$2,264$1,684$1,234$892$638$281
28 years$2,160$1,587$1,147$817$576$245
29 years$2,063$1,497$1,068$750$520$213
30 years$1,972$1,414$994$688$470$185
31 years$1,888$1,337$927$632$425$161
32 years$1,809$1,265$865$581$384$140
33 years$1,735$1,198$808$534$348$122
34 years$1,666$1,135$755$491$315$106
35 years$1,601$1,077$705$452$285$92
36 years$1,539$1,022$660$417$258$80
37 years$1,481$971$618$384$234$70
38 years$1,426$922$578$354$212$61
39 years$1,374$877$542$326$192$53
40 years$1,325$835$508$301$175$46
41 years$1,278$794$476$278$158$40
42 years$1,234$757$447$256$144$35
43 years$1,191$721$419$236$130$31
44 years$1,151$687$394$218$118$27
45 years$1,113$655$370$202$107$23
46 years$1,077$625$347$186$98$20
47 years$1,042$597$326$172$89$18
48 years$1,008$569$306$159$80$15
49 years$977$544$288$147$73$13
50 years$946$519$271$136$66$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $969,000, adding $2,950 every year, while hoping to spend $48,430 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: 33/50/17 Blend
52$969,000$969,000$969,000$969,000
53$1,070,881$1,019,524$1,004,504$1,100,469
54$1,128,582$1,017,951$986,626$1,120,971
55$1,190,545$1,014,679$966,526$1,138,360
56$1,257,154$1,009,571$944,078$1,156,067
57$1,328,830$1,002,487$919,151$1,174,148
58$1,406,035$993,274$891,607$1,192,667
59$1,489,278$981,771$861,303$1,211,699
60$1,579,116$967,810$828,089$1,231,332
61$1,676,163$951,209$791,807$1,251,667
62$1,781,092$931,779$752,292$1,272,821
63$1,894,643$909,316$709,374$1,294,925
64$2,017,630$883,606$662,872$1,318,133
65$2,150,949$854,423$612,599$1,342,618
66$2,295,584$821,528$558,358$1,368,578
67$2,452,616$784,665$499,946$1,396,237
68$2,623,236$743,567$437,147$1,425,851
69$2,808,753$697,949$369,739$1,457,707
70$3,010,609$647,512$297,489$1,492,130
71$3,230,388$591,937$220,151$1,529,488
72$3,469,835$530,888$137,473$1,570,195
73$3,730,868$464,012$49,189$1,614,715
74$4,015,600$390,933$0$1,663,573
75$4,326,358$311,254$0$1,725,523
76$4,665,699$224,558$0$1,803,107
77$5,036,441$130,403$0$1,888,188
78$5,441,687$28,322$0$1,981,647
79$5,884,851$0$0$2,084,469
80$6,369,693$0$0$2,242,961
81$6,900,354$0$0$2,433,628
82$7,481,392$0$0$2,642,542
83$8,117,828$0$0$2,871,526
84$8,815,190$0$0$3,122,590
85$9,579,568$0$0$3,397,945
86$10,417,666$0$0$3,700,026
87$11,336,872$0$0$4,031,518
88$12,345,320$0$0$4,395,376
89$13,451,970$0$0$4,794,856
90$14,666,693$0$0$5,233,543
91$16,000,359$0$0$5,715,390
92$17,464,947$0$0$6,244,748
93$19,073,647$0$0$6,826,411
94$20,840,994$0$0$7,465,662
95$22,782,998$0$0$8,168,320
96$24,917,298$0$0$8,940,796
97$27,263,325$0$0$9,790,152
98$29,842,487$0$0$10,724,171
99$32,678,371$0$0$11,751,426
100$35,796,960$0$0$12,881,362