Can I retire at age 53 with 972,000?

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 $972,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$80,267$79,552$78,854$78,173$77,509$74,551
2 years$39,736$38,996$38,279$37,583$36,909$33,964
3 years$26,228$25,484$24,769$24,080$23,417$20,577
4 years$19,475$18,734$18,025$17,348$16,701$13,988
5 years$15,424$14,687$13,988$13,325$12,696$10,117
6 years$12,724$11,993$11,305$10,656$10,046$7,603
7 years$10,797$10,072$9,394$8,761$8,170$5,862
8 years$9,352$8,634$7,967$7,349$6,778$4,603
9 years$8,229$7,517$6,862$6,260$5,708$3,662
10 years$7,330$6,626$5,983$5,396$4,863$2,944
11 years$6,596$5,899$5,267$4,696$4,183$2,385
12 years$5,985$5,294$4,674$4,119$3,625$1,943
13 years$5,468$4,785$4,176$3,637$3,161$1,592
14 years$5,025$4,349$3,752$3,228$2,771$1,308
15 years$4,641$3,973$3,388$2,879$2,439$1,079
16 years$4,306$3,645$3,072$2,578$2,156$892
17 years$4,011$3,357$2,795$2,316$1,912$739
18 years$3,749$3,102$2,551$2,087$1,700$614
19 years$3,514$2,875$2,336$1,886$1,515$510
20 years$3,304$2,671$2,144$1,708$1,353$424
21 years$3,113$2,488$1,972$1,550$1,211$353
22 years$2,940$2,323$1,817$1,410$1,086$295
23 years$2,783$2,172$1,678$1,284$974$246
24 years$2,638$2,035$1,552$1,171$876$205
25 years$2,506$1,910$1,437$1,069$788$171
26 years$2,384$1,795$1,333$978$710$143
27 years$2,271$1,690$1,238$895$640$119
28 years$2,166$1,592$1,151$820$578$100
29 years$2,069$1,502$1,071$752$521$83
30 years$1,979$1,418$997$690$471$70
31 years$1,894$1,341$930$634$426$58
32 years$1,815$1,269$868$582$385$49
33 years$1,741$1,202$810$536$349$41
34 years$1,671$1,139$757$493$316$34
35 years$1,606$1,080$708$454$286$29
36 years$1,544$1,025$662$418$259$24
37 years$1,485$974$620$385$235$20
38 years$1,430$925$580$355$213$17
39 years$1,378$880$544$327$193$14
40 years$1,329$837$510$302$175$12
41 years$1,282$797$478$278$159$10
42 years$1,237$759$448$257$144$8
43 years$1,195$723$421$237$131$7
44 years$1,155$689$395$219$119$6
45 years$1,116$657$371$202$108$5
46 years$1,080$627$348$187$98$4
47 years$1,045$598$327$173$89$3
48 years$1,012$571$307$159$81$3
49 years$980$545$289$147$73$2
50 years$949$521$272$136$67$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $972,000, adding $5,675 every year, while hoping to spend $20,023 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: 60/31/9 Blend
52$972,000$972,000$972,000$972,000
53$1,076,998$1,025,482$1,010,416$1,139,106
54$1,165,547$1,054,426$1,022,960$1,210,391
55$1,262,458$1,084,118$1,035,254$1,285,320
56$1,368,561$1,114,572$1,047,268$1,366,551
57$1,484,772$1,145,804$1,058,969$1,454,692
58$1,612,101$1,177,830$1,070,327$1,550,411
59$1,751,657$1,210,666$1,081,305$1,654,445
60$1,904,665$1,244,327$1,091,867$1,767,605
61$2,072,471$1,278,829$1,101,974$1,890,782
62$2,256,559$1,314,188$1,111,587$2,024,960
63$2,458,564$1,350,420$1,120,661$2,171,220
64$2,680,287$1,387,539$1,129,153$2,330,754
65$2,923,710$1,425,563$1,137,013$2,504,874
66$3,191,018$1,464,505$1,144,193$2,695,025
67$3,484,619$1,504,382$1,150,640$2,902,798
68$3,807,162$1,545,209$1,156,298$3,129,946
69$4,161,568$1,587,000$1,161,110$3,378,400
70$4,551,056$1,629,771$1,165,015$3,650,286
71$4,979,169$1,673,535$1,167,948$3,947,946
72$5,449,812$1,718,306$1,169,843$4,273,961
73$5,967,288$1,764,099$1,170,628$4,631,174
74$6,536,337$1,810,925$1,170,230$5,022,716
75$7,162,182$1,858,799$1,168,570$5,452,036
76$7,850,575$1,907,730$1,165,568$5,922,937
77$8,607,856$1,957,732$1,161,138$6,439,605
78$9,441,011$2,008,814$1,155,189$7,006,654
79$10,357,735$2,060,987$1,147,629$7,629,167
80$11,366,508$2,114,259$1,138,358$8,312,744
81$12,476,672$2,168,638$1,127,273$9,063,557
82$13,698,523$2,224,132$1,114,267$9,888,404
83$15,043,403$2,280,745$1,099,226$10,794,776
84$16,523,811$2,338,483$1,082,031$11,790,930
85$18,153,520$2,397,348$1,062,559$12,885,959
86$19,947,703$2,457,343$1,040,679$14,089,887
87$21,923,083$2,518,466$1,016,256$15,413,757
88$24,098,084$2,580,718$989,147$16,869,738
89$26,493,009$2,644,093$959,203$18,471,239
90$29,130,229$2,708,587$926,270$20,233,036
91$32,034,395$2,774,191$890,183$22,171,411
92$35,232,673$2,840,896$850,774$24,304,306
93$38,754,994$2,908,688$807,863$26,651,492
94$42,634,343$2,977,553$761,266$29,234,756
95$46,907,065$3,047,472$710,787$32,078,106
96$51,613,211$3,118,423$656,224$35,207,997
97$56,796,915$3,190,383$597,364$38,653,584
98$62,506,810$3,263,321$533,986$42,446,993
99$68,796,488$3,337,207$465,858$46,623,626
100$75,725,003$3,412,004$392,738$51,222,498