Can I retire at age 53 with 975,000?

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 $975,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$80,515$79,797$79,098$78,415$77,748$74,900
2 years$39,859$39,116$38,397$37,699$37,023$34,185
3 years$26,309$25,563$24,845$24,154$23,489$20,751
4 years$19,535$18,791$18,081$17,402$16,752$14,135
5 years$15,472$14,733$14,032$13,366$12,735$10,245
6 years$12,764$12,030$11,340$10,689$10,077$7,716
7 years$10,830$10,103$9,423$8,788$8,195$5,963
8 years$9,381$8,660$7,992$7,372$6,799$4,693
9 years$8,254$7,540$6,883$6,279$5,725$3,743
10 years$7,353$6,646$6,001$5,413$4,878$3,016
11 years$6,617$5,917$5,283$4,711$4,196$2,450
12 years$6,003$5,311$4,689$4,132$3,636$2,002
13 years$5,485$4,799$4,189$3,648$3,170$1,644
14 years$5,040$4,362$3,764$3,238$2,779$1,355
15 years$4,656$3,985$3,398$2,888$2,447$1,121
16 years$4,320$3,656$3,081$2,586$2,163$930
17 years$4,023$3,367$2,804$2,323$1,918$772
18 years$3,760$3,112$2,559$2,094$1,705$643
19 years$3,525$2,884$2,343$1,892$1,520$536
20 years$3,314$2,680$2,150$1,714$1,357$447
21 years$3,123$2,496$1,978$1,555$1,215$374
22 years$2,949$2,330$1,823$1,414$1,089$312
23 years$2,791$2,179$1,683$1,288$977$261
24 years$2,647$2,042$1,557$1,174$879$219
25 years$2,514$1,916$1,442$1,073$791$183
26 years$2,391$1,801$1,337$981$712$154
27 years$2,278$1,695$1,242$898$642$129
28 years$2,173$1,597$1,154$822$579$108
29 years$2,076$1,507$1,074$754$523$91
30 years$1,985$1,423$1,000$692$473$76
31 years$1,900$1,345$933$636$427$64
32 years$1,820$1,273$870$584$387$53
33 years$1,746$1,205$813$537$350$45
34 years$1,676$1,142$759$494$317$38
35 years$1,610$1,083$710$455$287$32
36 years$1,549$1,028$664$419$260$27
37 years$1,490$977$622$386$236$22
38 years$1,435$928$582$356$214$19
39 years$1,383$883$545$328$194$16
40 years$1,333$840$511$303$176$13
41 years$1,286$799$479$279$159$11
42 years$1,241$761$450$258$145$9
43 years$1,199$725$422$238$131$8
44 years$1,158$691$396$220$119$7
45 years$1,120$659$372$203$108$5
46 years$1,083$629$349$187$98$5
47 years$1,048$600$328$173$89$4
48 years$1,015$573$308$160$81$3
49 years$983$547$290$148$74$3
50 years$952$523$272$137$67$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $975,000, adding $5,160 every year, while hoping to spend $25,958 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: 68/17/15 Blend
52$975,000$975,000$975,000$975,000
53$1,079,773$1,028,098$1,012,985$1,149,077
54$1,162,290$1,050,855$1,019,301$1,218,674
55$1,252,355$1,073,858$1,024,958$1,291,216
56$1,350,708$1,097,091$1,029,908$1,369,903
57$1,458,168$1,120,536$1,034,098$1,455,337
58$1,575,635$1,144,175$1,037,473$1,548,179
59$1,704,097$1,167,988$1,039,976$1,649,160
60$1,844,647$1,191,951$1,041,548$1,759,083
61$1,998,486$1,216,041$1,042,124$1,878,835
62$2,166,934$1,240,230$1,041,638$2,009,392
63$2,351,450$1,264,490$1,040,021$2,151,828
64$2,553,636$1,288,788$1,037,200$2,307,329
65$2,775,259$1,313,090$1,033,098$2,477,201
66$3,018,263$1,337,360$1,027,635$2,662,881
67$3,284,792$1,361,556$1,020,726$2,865,955
68$3,577,204$1,385,636$1,012,284$3,088,170
69$3,898,100$1,409,553$1,002,217$3,331,452
70$4,250,341$1,433,256$990,426$3,597,922
71$4,637,082$1,456,692$976,812$3,889,917
72$5,061,797$1,479,803$961,268$4,210,015
73$5,528,313$1,502,525$943,682$4,561,054
74$6,040,844$1,524,792$923,939$4,946,165
75$6,604,036$1,546,533$901,917$5,368,795
76$7,223,005$1,567,670$877,488$5,832,746
77$7,903,387$1,588,122$850,520$6,342,206
78$8,651,393$1,607,801$820,873$6,901,792
79$9,473,865$1,626,612$788,401$7,516,591
80$10,378,339$1,644,456$752,953$8,192,211
81$11,373,121$1,661,226$714,368$8,934,831
82$12,467,361$1,676,807$672,481$9,751,262
83$13,671,140$1,691,079$627,117$10,649,010
84$14,995,565$1,703,911$578,095$11,636,347
85$16,452,877$1,715,167$525,225$12,722,391
86$18,056,558$1,724,698$468,308$13,917,191
87$19,821,468$1,732,349$407,138$15,231,819
88$21,763,978$1,737,955$341,497$16,678,482
89$23,902,127$1,741,337$271,160$18,270,631
90$26,255,790$1,742,309$195,890$20,023,090
91$28,846,870$1,740,672$115,442$21,952,198
92$31,699,500$1,736,214$29,558$24,075,962
93$34,840,271$1,728,710$0$26,414,227
94$38,298,484$1,717,922$0$28,998,803
95$42,106,426$1,703,597$0$31,849,551
96$46,299,676$1,685,468$0$34,988,348
97$50,917,437$1,663,250$0$38,444,519
98$56,002,908$1,636,641$0$42,250,384
99$61,603,692$1,605,324$0$46,441,556
100$67,772,243$1,568,959$0$51,057,283