Can I retire at age 53 with 976,000?

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 $976,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$80,597$79,879$79,179$78,495$77,828$74,828
2 years$39,900$39,156$38,436$37,738$37,061$34,075
3 years$26,336$25,589$24,871$24,179$23,513$20,634
4 years$19,555$18,811$18,100$17,420$16,770$14,020
5 years$15,487$14,748$14,046$13,380$12,748$10,135
6 years$12,777$12,043$11,351$10,700$10,087$7,612
7 years$10,841$10,113$9,433$8,797$8,203$5,866
8 years$9,390$8,669$8,000$7,380$6,806$4,603
9 years$8,262$7,548$6,890$6,286$5,731$3,660
10 years$7,361$6,653$6,007$5,418$4,883$2,940
11 years$6,623$5,923$5,289$4,716$4,200$2,380
12 years$6,009$5,316$4,693$4,136$3,639$1,938
13 years$5,490$4,804$4,193$3,652$3,174$1,586
14 years$5,046$4,367$3,768$3,242$2,782$1,303
15 years$4,661$3,989$3,402$2,891$2,450$1,074
16 years$4,324$3,660$3,084$2,589$2,165$887
17 years$4,027$3,371$2,806$2,326$1,920$735
18 years$3,764$3,115$2,562$2,096$1,707$609
19 years$3,529$2,887$2,345$1,894$1,521$506
20 years$3,317$2,682$2,152$1,715$1,359$421
21 years$3,126$2,499$1,980$1,557$1,216$350
22 years$2,952$2,332$1,825$1,415$1,090$292
23 years$2,794$2,181$1,685$1,289$978$243
24 years$2,649$2,044$1,558$1,176$879$203
25 years$2,516$1,918$1,443$1,074$791$169
26 years$2,394$1,803$1,338$982$713$141
27 years$2,280$1,697$1,243$899$643$118
28 years$2,175$1,599$1,155$823$580$98
29 years$2,078$1,508$1,075$755$524$82
30 years$1,987$1,424$1,002$693$473$69
31 years$1,902$1,346$934$636$428$57
32 years$1,822$1,274$871$585$387$48
33 years$1,748$1,206$813$538$350$40
34 years$1,678$1,143$760$495$317$33
35 years$1,612$1,085$711$456$287$28
36 years$1,550$1,029$665$420$260$23
37 years$1,492$978$622$387$236$20
38 years$1,436$929$583$356$214$16
39 years$1,384$884$546$329$194$14
40 years$1,334$841$512$303$176$11
41 years$1,287$800$480$280$160$10
42 years$1,243$762$450$258$145$8
43 years$1,200$726$422$238$131$7
44 years$1,160$692$396$220$119$6
45 years$1,121$660$372$203$108$5
46 years$1,084$630$350$188$98$4
47 years$1,049$601$328$173$89$3
48 years$1,016$574$309$160$81$3
49 years$984$548$290$148$74$2
50 years$953$523$273$137$67$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $976,000, adding $4,286 every year, while hoping to spend $59,647 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: 75/8/17 Blend
52$976,000$976,000$976,000$976,000
53$1,079,973$1,028,245$1,013,117$1,156,507
54$1,126,666$1,015,165$983,592$1,194,660
55$1,176,123$999,445$951,080$1,228,677
56$1,228,563$980,893$915,416$1,264,372
57$1,284,224$959,304$876,430$1,301,898
58$1,343,368$934,464$833,944$1,341,421
59$1,406,283$906,143$787,772$1,383,126
60$1,473,280$874,101$737,718$1,427,217
61$1,544,702$838,080$683,580$1,473,920
62$1,620,926$797,810$625,145$1,523,487
63$1,702,363$753,005$562,189$1,576,194
64$1,789,464$703,362$494,482$1,632,348
65$1,882,722$648,560$421,781$1,692,289
66$1,982,682$588,261$343,832$1,756,392
67$2,089,936$522,107$260,371$1,825,073
68$2,205,139$449,719$171,123$1,898,790
69$2,329,006$370,699$75,799$1,978,053
70$2,462,325$284,623$0$2,063,423
71$2,605,958$191,046$0$2,160,225
72$2,760,856$89,496$0$2,279,422
73$2,928,059$0$0$2,408,070
74$3,108,712$0$0$2,548,876
75$3,304,076$0$0$2,709,699
76$3,515,532$0$0$2,883,802
77$3,744,601$0$0$3,072,442
78$3,992,956$0$0$3,277,000
79$4,262,435$0$0$3,498,994
80$4,555,060$0$0$3,740,095
81$4,873,055$0$0$4,002,141
82$5,218,867$0$0$4,287,153
83$5,595,187$0$0$4,597,356
84$6,004,979$0$0$4,935,196
85$6,451,500$0$0$5,303,366
86$6,938,338$0$0$5,704,830
87$7,469,439$0$0$6,142,850
88$8,049,151$0$0$6,621,016
89$8,682,254$0$0$7,143,280
90$9,374,014$0$0$7,713,994
91$10,130,229$0$0$8,337,946
92$10,957,279$0$0$9,020,410
93$11,862,193$0$0$9,767,194
94$12,852,706$0$0$10,584,691
95$13,937,340$0$0$11,479,941
96$15,125,477$0$0$12,460,699
97$16,427,449$0$0$13,535,503
98$17,854,636$0$0$14,713,757
99$19,419,572$0$0$16,005,819
100$21,136,059$0$0$17,423,095