Can I retire at age 53 with 987,000?

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 $987,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$81,506$80,780$80,071$79,380$78,705$76,709
2 years$40,349$39,598$38,870$38,163$37,478$35,480
3 years$26,632$25,878$25,151$24,452$23,778$21,840
4 years$19,775$19,023$18,304$17,616$16,959$15,096
5 years$15,662$14,914$14,204$13,531$12,892$11,110
6 years$12,921$12,178$11,479$10,821$10,201$8,502
7 years$10,963$10,227$9,539$8,896$8,296$6,679
8 years$9,496$8,767$8,090$7,463$6,882$5,347
9 years$8,356$7,633$6,968$6,357$5,796$4,341
10 years$7,444$6,728$6,075$5,480$4,938$3,563
11 years$6,698$5,990$5,348$4,769$4,247$2,948
12 years$6,077$5,376$4,746$4,183$3,680$2,456
13 years$5,552$4,858$4,241$3,693$3,209$2,057
14 years$5,102$4,416$3,810$3,278$2,813$1,730
15 years$4,713$4,034$3,440$2,924$2,477$1,461
16 years$4,373$3,701$3,119$2,618$2,189$1,237
17 years$4,073$3,409$2,838$2,352$1,941$1,050
18 years$3,806$3,150$2,591$2,120$1,726$893
19 years$3,568$2,919$2,372$1,915$1,538$761
20 years$3,355$2,713$2,177$1,735$1,374$649
21 years$3,161$2,527$2,002$1,574$1,230$555
22 years$2,986$2,359$1,845$1,431$1,102$474
23 years$2,826$2,206$1,704$1,304$989$406
24 years$2,679$2,067$1,576$1,189$889$348
25 years$2,545$1,940$1,459$1,086$800$298
26 years$2,421$1,823$1,354$993$721$256
27 years$2,306$1,716$1,257$909$650$219
28 years$2,200$1,617$1,168$833$586$188
29 years$2,101$1,525$1,087$764$530$162
30 years$2,009$1,440$1,013$701$478$139
31 years$1,923$1,362$944$644$433$119
32 years$1,843$1,288$881$591$391$103
33 years$1,768$1,220$823$544$354$88
34 years$1,697$1,156$769$500$321$76
35 years$1,630$1,097$719$461$290$65
36 years$1,568$1,041$672$424$263$56
37 years$1,508$989$629$391$238$48
38 years$1,452$940$589$360$216$41
39 years$1,400$893$552$332$196$36
40 years$1,349$850$517$306$178$31
41 years$1,302$809$485$283$161$26
42 years$1,257$771$455$261$146$23
43 years$1,214$734$427$241$133$20
44 years$1,173$700$401$222$121$17
45 years$1,134$667$376$205$109$14
46 years$1,097$637$354$190$99$12
47 years$1,061$608$332$175$90$11
48 years$1,027$580$312$162$82$9
49 years$995$554$293$150$74$8
50 years$964$529$276$138$68$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $987,000, adding $3,169 every year, while hoping to spend $22,439 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: 66/28/6 Blend
52$987,000$987,000$987,000$987,000
53$1,090,943$1,038,632$1,023,333$1,161,717
54$1,178,344$1,065,650$1,033,740$1,236,121
55$1,273,908$1,093,240$1,043,743$1,314,413
56$1,378,444$1,121,406$1,053,306$1,399,374
57$1,492,842$1,150,152$1,062,389$1,491,652
58$1,618,084$1,179,481$1,070,951$1,591,956
59$1,755,249$1,209,396$1,078,948$1,701,072
60$1,905,526$1,239,898$1,086,335$1,819,862
61$2,070,226$1,270,989$1,093,063$1,949,276
62$2,250,791$1,302,670$1,099,082$2,090,361
63$2,448,810$1,334,938$1,104,340$2,244,268
64$2,666,032$1,367,794$1,108,779$2,412,266
65$2,904,386$1,401,234$1,112,341$2,595,754
66$3,165,994$1,435,255$1,114,965$2,796,269
67$3,453,194$1,469,852$1,116,586$3,015,509
68$3,768,564$1,505,018$1,117,135$3,255,340
69$4,114,940$1,540,747$1,116,542$3,517,820
70$4,495,449$1,577,029$1,114,731$3,805,216
71$4,913,535$1,613,853$1,111,625$4,120,024
72$5,372,991$1,651,208$1,107,140$4,464,996
73$5,877,998$1,689,079$1,101,190$4,843,161
74$6,433,159$1,727,449$1,093,686$5,257,858
75$7,043,549$1,766,302$1,084,532$5,712,767
76$7,714,756$1,805,615$1,073,629$6,211,940
77$8,452,938$1,845,367$1,060,872$6,759,843
78$9,264,880$1,885,533$1,046,153$7,361,397
79$10,158,057$1,926,083$1,029,359$8,022,023
80$11,140,704$1,966,987$1,010,368$8,747,694
81$12,221,898$2,008,211$989,057$9,544,995
82$13,411,636$2,049,717$965,295$10,421,177
83$14,720,934$2,091,466$938,944$11,384,233
84$16,161,933$2,133,411$909,862$12,442,971
85$17,748,006$2,175,504$877,899$13,607,094
86$19,493,893$2,217,693$842,898$14,887,296
87$21,415,830$2,259,921$804,695$16,295,362
88$23,531,712$2,302,124$763,120$17,844,278
89$25,861,256$2,344,237$717,994$19,548,352
90$28,426,186$2,386,187$669,128$21,423,353
91$31,250,442$2,427,895$616,329$23,486,658
92$34,360,403$2,469,278$559,392$25,757,416
93$37,785,136$2,510,245$498,104$28,256,728
94$41,556,671$2,550,698$432,242$31,007,848
95$45,710,302$2,590,533$361,572$34,036,401
96$50,284,922$2,629,637$285,854$37,370,627
97$55,323,386$2,667,892$204,832$41,041,644
98$60,872,919$2,705,166$118,242$45,083,747
99$66,985,562$2,741,324$25,807$49,534,726
100$73,718,657$2,776,217$0$54,436,230