Can I retire at age 53 with 982,000?

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 $982,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$81,093$80,370$79,666$78,978$78,306$77,009
2 years$40,145$39,397$38,673$37,970$37,289$35,985
3 years$26,497$25,747$25,024$24,328$23,657$22,389
4 years$19,675$18,926$18,211$17,527$16,873$15,649
5 years$15,583$14,839$14,132$13,462$12,826$11,650
6 years$12,855$12,117$11,421$10,766$10,149$9,022
7 years$10,908$10,176$9,491$8,851$8,254$7,177
8 years$9,448$8,722$8,049$7,425$6,847$5,820
9 years$8,313$7,594$6,933$6,325$5,767$4,788
10 years$7,406$6,694$6,044$5,452$4,913$3,982
11 years$6,664$5,959$5,321$4,745$4,226$3,342
12 years$6,046$5,349$4,722$4,162$3,662$2,824
13 years$5,524$4,834$4,219$3,674$3,193$2,400
14 years$5,077$4,394$3,791$3,262$2,799$2,049
15 years$4,689$4,014$3,423$2,909$2,465$1,756
16 years$4,351$3,683$3,103$2,604$2,178$1,511
17 years$4,052$3,392$2,824$2,340$1,931$1,303
18 years$3,787$3,134$2,578$2,109$1,717$1,126
19 years$3,550$2,904$2,360$1,906$1,531$975
20 years$3,338$2,699$2,166$1,726$1,367$846
21 years$3,145$2,514$1,992$1,566$1,223$735
22 years$2,971$2,347$1,836$1,424$1,097$639
23 years$2,811$2,195$1,695$1,297$984$557
24 years$2,666$2,056$1,568$1,183$885$485
25 years$2,532$1,930$1,452$1,080$796$423
26 years$2,408$1,814$1,347$988$717$370
27 years$2,294$1,707$1,251$904$647$323
28 years$2,189$1,608$1,163$828$583$282
29 years$2,090$1,517$1,082$760$527$247
30 years$1,999$1,433$1,008$697$476$216
31 years$1,913$1,355$939$640$430$189
32 years$1,834$1,282$877$588$389$165
33 years$1,759$1,214$818$541$352$145
34 years$1,688$1,150$765$498$319$127
35 years$1,622$1,091$715$458$289$111
36 years$1,560$1,036$669$422$262$97
37 years$1,501$984$626$389$237$85
38 years$1,445$935$586$358$215$75
39 years$1,392$889$549$331$195$65
40 years$1,343$846$515$305$177$57
41 years$1,295$805$483$281$161$50
42 years$1,250$767$453$260$146$44
43 years$1,207$731$425$240$132$39
44 years$1,167$696$399$221$120$34
45 years$1,128$664$374$204$109$30
46 years$1,091$633$352$189$99$26
47 years$1,056$605$330$174$90$23
48 years$1,022$577$311$161$82$20
49 years$990$551$292$149$74$18
50 years$959$526$274$138$67$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $982,000, adding $5,027 every year, while hoping to spend $52,563 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: 82/10/8 Blend
52$982,000$982,000$982,000$982,000
53$1,087,349$1,035,303$1,020,082$1,175,043
54$1,142,332$1,030,107$998,328$1,227,959
55$1,201,162$1,022,893$974,084$1,278,519
56$1,264,175$1,013,510$947,211$1,332,420
57$1,331,741$1,001,792$917,562$1,389,965
58$1,404,265$987,566$884,987$1,451,492
59$1,482,192$970,649$849,326$1,517,369
60$1,566,011$950,846$810,414$1,588,004
61$1,656,257$927,951$768,076$1,663,845
62$1,753,520$901,744$722,131$1,745,388
63$1,858,445$871,996$672,388$1,833,175
64$1,971,744$838,462$618,651$1,927,808
65$2,094,197$800,882$560,711$2,029,948
66$2,226,663$758,982$498,352$2,140,324
67$2,370,083$712,473$431,348$2,259,740
68$2,525,497$661,049$359,463$2,389,080
69$2,694,043$604,386$282,450$2,529,321
70$2,876,975$542,141$200,053$2,681,540
71$3,075,673$473,952$112,001$2,846,922
72$3,291,653$399,438$18,014$3,026,776
73$3,526,585$318,193$0$3,222,542
74$3,782,304$229,792$0$3,442,834
75$4,060,830$133,783$0$3,684,479
76$4,364,387$29,691$0$3,947,894
77$4,695,422$0$0$4,235,240
78$5,056,627$0$0$4,558,026
79$5,450,966$0$0$4,914,010
80$5,881,703$0$0$5,302,872
81$6,352,429$0$0$5,727,859
82$6,867,099$0$0$6,192,543
83$7,430,068$0$0$6,700,859
84$8,046,128$0$0$7,257,139
85$8,720,560$0$0$7,866,152
86$9,459,176$0$0$8,533,151
87$10,268,379$0$0$9,263,921
88$11,155,217$0$0$10,064,831
89$12,127,457$0$0$10,942,898
90$13,193,648$0$0$11,905,849
91$14,363,211$0$0$12,962,194
92$15,646,519$0$0$14,121,308
93$17,054,999$0$0$15,393,516
94$18,601,240$0$0$16,790,191
95$20,299,106$0$0$18,323,864
96$22,163,871$0$0$20,008,335
97$24,212,361$0$0$21,858,808
98$26,463,112$0$0$23,892,033
99$28,936,544$0$0$26,126,460
100$31,655,154$0$0$28,582,419