Can I retire at age 53 with 981,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $981,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$81,010$80,288$79,584$78,897$78,226$76,459
2 years$40,104$39,357$38,633$37,931$37,251$35,480
3 years$26,470$25,720$24,998$24,303$23,633$21,914
4 years$19,655$18,907$18,192$17,509$16,855$15,201
5 years$15,567$14,823$14,118$13,449$12,813$11,228
6 years$12,842$12,104$11,409$10,755$10,139$8,625
7 years$10,897$10,165$9,481$8,842$8,245$6,803
8 years$9,438$8,714$8,041$7,418$6,840$5,469
9 years$8,305$7,587$6,926$6,318$5,761$4,459
10 years$7,398$6,687$6,038$5,446$4,908$3,675
11 years$6,657$5,953$5,316$4,740$4,221$3,055
12 years$6,040$5,343$4,718$4,157$3,658$2,556
13 years$5,518$4,829$4,215$3,670$3,190$2,151
14 years$5,071$4,389$3,787$3,258$2,796$1,818
15 years$4,684$4,010$3,419$2,906$2,462$1,542
16 years$4,346$3,679$3,100$2,602$2,176$1,312
17 years$4,048$3,388$2,821$2,338$1,929$1,120
18 years$3,783$3,131$2,575$2,107$1,716$957
19 years$3,547$2,902$2,357$1,904$1,529$820
20 years$3,334$2,696$2,163$1,724$1,366$703
21 years$3,142$2,511$1,990$1,565$1,222$604
22 years$2,968$2,344$1,834$1,423$1,096$520
23 years$2,808$2,193$1,693$1,296$983$447
24 years$2,663$2,054$1,566$1,182$884$385
25 years$2,529$1,928$1,451$1,079$795$332
26 years$2,406$1,812$1,345$987$716$286
27 years$2,292$1,705$1,249$903$646$247
28 years$2,186$1,607$1,161$828$583$213
29 years$2,088$1,516$1,081$759$526$184
30 years$1,997$1,432$1,007$696$476$159
31 years$1,912$1,353$938$640$430$138
32 years$1,832$1,280$876$588$389$119
33 years$1,757$1,213$818$541$352$103
34 years$1,687$1,149$764$497$319$89
35 years$1,620$1,090$714$458$289$77
36 years$1,558$1,035$668$422$262$67
37 years$1,499$983$625$389$237$58
38 years$1,444$934$586$358$215$50
39 years$1,391$888$549$330$195$43
40 years$1,341$845$514$305$177$37
41 years$1,294$804$482$281$160$32
42 years$1,249$766$452$259$146$28
43 years$1,206$730$424$239$132$24
44 years$1,166$696$398$221$120$21
45 years$1,127$663$374$204$109$18
46 years$1,090$633$351$189$99$16
47 years$1,055$604$330$174$90$14
48 years$1,021$577$310$161$81$12
49 years$989$551$292$149$74$10
50 years$958$526$274$138$67$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $981,000, adding $2,584 every year, while hoping to spend $51,292 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: 40/40/20 Blend
52$981,000$981,000$981,000$981,000
53$1,083,727$1,031,734$1,016,529$1,120,560
54$1,139,693$1,027,715$996,008$1,143,143
55$1,199,649$1,021,780$973,081$1,162,457
56$1,263,946$1,013,780$947,613$1,182,298
57$1,332,973$1,003,560$919,462$1,202,740
58$1,407,154$990,952$888,482$1,223,872
59$1,486,955$975,780$854,517$1,245,792
60$1,572,888$957,857$817,408$1,268,615
61$1,665,516$936,985$776,984$1,292,471
62$1,765,456$912,955$733,070$1,317,508
63$1,873,387$885,544$685,482$1,343,893
64$1,990,054$854,517$634,028$1,371,818
65$2,116,277$819,626$578,505$1,401,498
66$2,252,956$780,607$518,704$1,433,175
67$2,401,083$737,182$454,406$1,467,125
68$2,561,746$689,056$385,381$1,503,657
69$2,736,143$635,919$311,390$1,543,119
70$2,925,591$577,440$232,183$1,585,901
71$3,131,538$513,272$147,498$1,632,443
72$3,355,580$443,048$57,065$1,683,238
73$3,599,470$366,378$0$1,738,835
74$3,865,138$282,852$0$1,808,271
75$4,154,708$192,037$0$1,897,361
76$4,470,516$93,475$0$1,994,752
77$4,815,135$0$0$2,101,376
78$5,191,398$0$0$2,224,126
79$5,602,420$0$0$2,403,281
80$6,051,634$0$0$2,599,208
81$6,542,817$0$0$2,813,568
82$7,080,130$0$0$3,048,195
83$7,668,151$0$0$3,305,104
84$8,311,925$0$0$3,586,516
85$9,017,006$0$0$3,894,878
86$9,789,508$0$0$4,232,883
87$10,636,167$0$0$4,603,497
88$11,564,402$0$0$5,009,987
89$12,582,382$0$0$5,455,954
90$13,699,107$0$0$5,945,359
91$14,924,486$0$0$6,482,571
92$16,269,439$0$0$7,072,397
93$17,745,990$0$0$7,720,137
94$19,367,387$0$0$8,431,627
95$21,148,223$0$0$9,213,296
96$23,104,574$0$0$10,072,226
97$25,254,147$0$0$11,016,222
98$27,616,454$0$0$12,053,879
99$30,212,987$0$0$13,194,668
100$33,067,426$0$0$14,449,023