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%13.9%
1 years$80,019$79,306$78,611$77,932$77,269$76,021
2 years$39,613$38,876$38,161$37,467$36,795$35,540
3 years$26,147$25,406$24,692$24,006$23,344$22,123
4 years$19,415$18,676$17,970$17,295$16,649$15,470
5 years$15,376$14,642$13,945$13,284$12,657$11,523
6 years$12,685$11,956$11,270$10,623$10,015$8,929
7 years$10,764$10,041$9,365$8,734$8,145$7,106
8 years$9,323$8,607$7,943$7,327$6,757$5,766
9 years$8,203$7,494$6,841$6,241$5,690$4,746
10 years$7,308$6,606$5,964$5,380$4,848$3,950
11 years$6,576$5,880$5,251$4,682$4,170$3,317
12 years$5,966$5,278$4,660$4,107$3,613$2,805
13 years$5,451$4,770$4,163$3,626$3,151$2,385
14 years$5,009$4,336$3,741$3,218$2,762$2,038
15 years$4,627$3,961$3,377$2,870$2,432$1,748
16 years$4,293$3,634$3,062$2,570$2,149$1,504
17 years$3,999$3,347$2,786$2,309$1,906$1,298
18 years$3,737$3,092$2,544$2,081$1,695$1,123
19 years$3,503$2,866$2,329$1,880$1,510$973
20 years$3,293$2,663$2,137$1,703$1,349$845
21 years$3,104$2,481$1,966$1,546$1,207$735
22 years$2,931$2,316$1,812$1,405$1,082$640
23 years$2,774$2,166$1,673$1,280$971$557
24 years$2,630$2,029$1,547$1,167$873$486
25 years$2,498$1,904$1,433$1,066$786$425
26 years$2,377$1,790$1,329$975$708$371
27 years$2,264$1,684$1,234$892$638$324
28 years$2,160$1,587$1,147$817$576$284
29 years$2,063$1,497$1,068$750$520$248
30 years$1,972$1,414$994$688$470$217
31 years$1,888$1,337$927$632$425$190
32 years$1,809$1,265$865$581$384$167
33 years$1,735$1,198$808$534$348$146
34 years$1,666$1,135$755$491$315$128
35 years$1,601$1,077$705$452$285$112
36 years$1,539$1,022$660$417$258$98
37 years$1,481$971$618$384$234$86
38 years$1,426$922$578$354$212$76
39 years$1,374$877$542$326$192$66
40 years$1,325$835$508$301$175$58
41 years$1,278$794$476$278$158$51
42 years$1,234$757$447$256$144$45
43 years$1,191$721$419$236$130$39
44 years$1,151$687$394$218$118$35
45 years$1,113$655$370$202$107$30
46 years$1,077$625$347$186$98$27
47 years$1,042$597$326$172$89$23
48 years$1,008$569$306$159$80$20
49 years$977$544$288$147$73$18
50 years$946$519$271$136$66$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $969,000, adding $2,681 every year, while hoping to spend $39,557 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: 69/8/23 Blend
52$969,000$969,000$969,000$969,000
53$1,070,603$1,019,246$1,004,227$1,138,084
54$1,137,717$1,027,101$995,780$1,191,445
55$1,210,350$1,034,015$985,725$1,244,972
56$1,289,024$1,039,900$973,965$1,302,605
57$1,374,312$1,044,663$960,400$1,364,747
58$1,466,844$1,048,204$944,926$1,431,845
59$1,567,314$1,050,418$927,433$1,504,391
60$1,676,484$1,051,192$907,806$1,582,928
61$1,795,192$1,050,407$885,924$1,668,055
62$1,924,361$1,047,936$861,662$1,760,433
63$2,065,006$1,043,645$834,888$1,860,792
64$2,218,244$1,037,392$805,464$1,969,936
65$2,385,305$1,029,024$773,247$2,088,753
66$2,567,541$1,018,381$738,086$2,218,223
67$2,766,441$1,005,293$699,823$2,359,428
68$2,983,645$989,579$658,294$2,513,558
69$3,220,958$971,050$613,328$2,681,929
70$3,480,365$949,500$564,744$2,865,994
71$3,764,054$924,718$512,355$3,067,351
72$4,074,434$896,475$455,964$3,287,767
73$4,414,155$864,531$395,368$3,529,189
74$4,786,137$828,632$330,352$3,793,766
75$5,193,597$788,508$260,692$4,083,866
76$5,640,074$743,876$186,156$4,402,104
77$6,129,470$694,433$106,500$4,751,362
78$6,666,078$639,863$21,470$5,134,818
79$7,254,629$579,827$0$5,555,979
80$7,900,333$513,971$0$6,035,711
81$8,608,931$441,919$0$6,568,005
82$9,386,742$363,273$0$7,152,360
83$10,240,730$277,614$0$7,794,035
84$11,178,566$184,499$0$8,498,825
85$12,208,700$83,460$0$9,273,116
86$13,340,440$0$0$10,123,943
87$14,584,041$0$0$11,061,348
88$15,950,799$0$0$12,099,719
89$17,453,162$0$0$13,241,174
90$19,104,839$0$0$14,496,136
91$20,920,939$0$0$15,876,092
92$22,918,104$0$0$17,393,695
93$25,114,672$0$0$19,062,889
94$27,530,846$0$0$20,899,034
95$30,188,885$0$0$22,919,056
96$33,113,317$0$0$25,141,602
97$36,331,162$0$0$27,587,219
98$39,872,198$0$0$30,278,546
99$43,769,229$0$0$33,240,527
100$48,058,404$0$0$36,500,648