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%11.4%
1 years$80,597$79,879$79,179$78,495$77,828$77,370
2 years$39,900$39,156$38,436$37,738$37,061$36,599
3 years$26,336$25,589$24,871$24,179$23,513$23,061
4 years$19,555$18,811$18,100$17,420$16,770$16,331
5 years$15,487$14,748$14,046$13,380$12,748$12,325
6 years$12,777$12,043$11,351$10,700$10,087$9,679
7 years$10,841$10,113$9,433$8,797$8,203$7,812
8 years$9,390$8,669$8,000$7,380$6,806$6,430
9 years$8,262$7,548$6,890$6,286$5,731$5,371
10 years$7,361$6,653$6,007$5,418$4,883$4,538
11 years$6,623$5,923$5,289$4,716$4,200$3,870
12 years$6,009$5,316$4,693$4,136$3,639$3,325
13 years$5,490$4,804$4,193$3,652$3,174$2,874
14 years$5,046$4,367$3,768$3,242$2,782$2,496
15 years$4,661$3,989$3,402$2,891$2,450$2,178
16 years$4,324$3,660$3,084$2,589$2,165$1,907
17 years$4,027$3,371$2,806$2,326$1,920$1,675
18 years$3,764$3,115$2,562$2,096$1,707$1,475
19 years$3,529$2,887$2,345$1,894$1,521$1,301
20 years$3,317$2,682$2,152$1,715$1,359$1,151
21 years$3,126$2,499$1,980$1,557$1,216$1,020
22 years$2,952$2,332$1,825$1,415$1,090$904
23 years$2,794$2,181$1,685$1,289$978$803
24 years$2,649$2,044$1,558$1,176$879$715
25 years$2,516$1,918$1,443$1,074$791$636
26 years$2,394$1,803$1,338$982$713$567
27 years$2,280$1,697$1,243$899$643$506
28 years$2,175$1,599$1,155$823$580$451
29 years$2,078$1,508$1,075$755$524$403
30 years$1,987$1,424$1,002$693$473$360
31 years$1,902$1,346$934$636$428$322
32 years$1,822$1,274$871$585$387$288
33 years$1,748$1,206$813$538$350$257
34 years$1,678$1,143$760$495$317$230
35 years$1,612$1,085$711$456$287$206
36 years$1,550$1,029$665$420$260$185
37 years$1,492$978$622$387$236$165
38 years$1,436$929$583$356$214$148
39 years$1,384$884$546$329$194$133
40 years$1,334$841$512$303$176$119
41 years$1,287$800$480$280$160$107
42 years$1,243$762$450$258$145$96
43 years$1,200$726$422$238$131$86
44 years$1,160$692$396$220$119$77
45 years$1,121$660$372$203$108$69
46 years$1,084$630$350$188$98$62
47 years$1,049$601$328$173$89$56
48 years$1,016$574$309$160$81$50
49 years$984$548$290$148$74$45
50 years$953$523$273$137$67$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $976,000, adding $3,192 every year, while hoping to spend $52,140 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: 76/14/10 Blend
52$976,000$976,000$976,000$976,000
53$1,078,845$1,027,117$1,011,989$1,158,696
54$1,133,410$1,021,969$990,414$1,206,566
55$1,191,794$1,014,821$966,368$1,252,082
56$1,254,330$1,005,521$939,715$1,300,495
57$1,321,386$993,905$910,310$1,352,074
58$1,393,363$979,803$878,001$1,407,115
59$1,470,704$963,031$842,632$1,465,944
60$1,553,893$943,397$804,037$1,528,924
61$1,643,463$920,695$762,045$1,596,451
62$1,739,997$894,710$716,474$1,668,965
63$1,844,138$865,213$667,138$1,746,950
64$1,956,591$831,959$613,838$1,830,943
65$2,078,132$794,694$556,370$1,921,532
66$2,209,612$753,144$494,519$2,019,371
67$2,351,967$707,023$428,060$2,125,177
68$2,506,227$656,026$356,759$2,239,744
69$2,673,524$599,834$280,373$2,363,948
70$2,855,103$538,105$198,644$2,498,756
71$3,052,333$470,481$111,308$2,645,234
72$3,266,719$396,583$18,085$2,804,559
73$3,499,918$316,009$0$2,978,030
74$3,753,754$228,338$0$3,175,767
75$4,030,232$133,121$0$3,393,288
76$4,331,558$29,887$0$3,630,441
77$4,660,163$0$0$3,889,189
78$5,018,719$0$0$4,184,303
79$5,410,169$0$0$4,511,552
80$5,837,752$0$0$4,869,045
81$6,305,035$0$0$5,259,768
82$6,815,944$0$0$5,687,008
83$7,374,800$0$0$6,154,385
84$7,986,365$0$0$6,665,885
85$8,655,878$0$0$7,225,896
86$9,389,111$0$0$7,839,250
87$10,192,419$0$0$8,511,271
88$11,072,802$0$0$9,247,819
89$12,037,967$0$0$10,055,349
90$13,096,405$0$0$10,940,972
91$14,257,467$0$0$11,912,517
92$15,531,452$0$0$12,978,610
93$16,929,704$0$0$14,148,752
94$18,464,721$0$0$15,433,407
95$20,150,267$0$0$16,844,104
96$22,001,506$0$0$18,393,541
97$24,035,143$0$0$20,095,708
98$26,269,580$0$0$21,966,016
99$28,725,089$0$0$24,021,443
100$31,424,004$0$0$26,280,692