Can I retire at age 53 with 989,000?

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 $989,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$81,671$80,943$80,233$79,541$78,864$76,771
2 years$40,431$39,678$38,948$38,241$37,554$35,460
3 years$26,686$25,930$25,202$24,501$23,826$21,796
4 years$19,815$19,061$18,341$17,652$16,993$15,043
5 years$15,694$14,944$14,233$13,558$12,918$11,053
6 years$12,947$12,203$11,502$10,843$10,221$8,444
7 years$10,986$10,248$9,559$8,914$8,313$6,623
8 years$9,515$8,785$8,106$7,478$6,896$5,293
9 years$8,373$7,649$6,982$6,370$5,808$4,290
10 years$7,459$6,742$6,087$5,491$4,948$3,513
11 years$6,712$6,002$5,359$4,779$4,256$2,902
12 years$6,089$5,387$4,756$4,191$3,688$2,413
13 years$5,563$4,868$4,249$3,700$3,216$2,017
14 years$5,113$4,425$3,818$3,285$2,819$1,693
15 years$4,723$4,042$3,447$2,929$2,482$1,426
16 years$4,382$3,709$3,125$2,623$2,194$1,205
17 years$4,081$3,416$2,844$2,357$1,945$1,020
18 years$3,814$3,156$2,596$2,124$1,730$866
19 years$3,576$2,925$2,377$1,919$1,542$736
20 years$3,361$2,718$2,181$1,738$1,377$627
21 years$3,168$2,532$2,006$1,577$1,232$534
22 years$2,992$2,363$1,849$1,434$1,104$456
23 years$2,831$2,210$1,707$1,306$991$389
24 years$2,685$2,071$1,579$1,191$891$333
25 years$2,550$1,944$1,462$1,088$802$285
26 years$2,426$1,827$1,356$995$722$243
27 years$2,311$1,719$1,259$911$651$208
28 years$2,204$1,620$1,171$834$588$178
29 years$2,105$1,528$1,090$765$531$153
30 years$2,013$1,443$1,015$702$479$131
31 years$1,927$1,364$946$645$433$112
32 years$1,847$1,291$883$593$392$96
33 years$1,771$1,223$824$545$355$83
34 years$1,700$1,159$770$501$321$71
35 years$1,634$1,099$720$462$291$61
36 years$1,571$1,043$674$425$264$52
37 years$1,511$991$630$392$239$45
38 years$1,455$942$590$361$217$38
39 years$1,402$895$553$333$196$33
40 years$1,352$852$518$307$178$28
41 years$1,304$811$486$283$162$24
42 years$1,259$772$456$261$147$21
43 years$1,216$736$428$241$133$18
44 years$1,175$701$402$223$121$15
45 years$1,136$669$377$206$110$13
46 years$1,099$638$354$190$100$11
47 years$1,063$609$333$176$90$10
48 years$1,029$581$313$162$82$8
49 years$997$555$294$150$75$7
50 years$966$530$276$139$68$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $989,000, adding $3,912 every year, while hoping to spend $55,377 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: 62/8/30 Blend
52$989,000$989,000$989,000$989,000
53$1,093,913$1,041,496$1,026,167$1,152,659
54$1,146,572$1,033,609$1,001,623$1,185,226
55$1,202,745$1,023,479$974,400$1,214,459
56$1,262,734$1,010,938$944,352$1,245,225
57$1,326,867$995,808$911,321$1,277,685
58$1,395,505$977,900$875,148$1,312,020
59$1,469,042$957,013$835,661$1,348,430
60$1,547,913$932,935$792,684$1,387,139
61$1,632,593$905,442$746,032$1,428,397
62$1,723,605$874,296$695,511$1,472,480
63$1,821,521$839,245$640,919$1,519,696
64$1,926,970$800,022$582,045$1,570,388
65$2,040,645$756,347$518,667$1,624,935
66$2,163,304$707,922$450,556$1,683,760
67$2,295,782$654,430$377,470$1,747,333
68$2,438,994$595,540$299,158$1,816,173
69$2,593,949$530,899$215,357$1,890,859
70$2,761,754$460,136$125,794$1,972,030
71$2,943,627$382,856$30,182$2,060,399
72$3,140,906$298,645$0$2,156,751
73$3,355,064$207,064$0$2,284,960
74$3,587,721$107,650$0$2,434,798
75$3,840,657$0$0$2,597,770
76$4,115,833$0$0$2,775,177
77$4,415,405$0$0$2,978,693
78$4,741,745$0$0$3,200,462
79$5,097,466$0$0$3,442,267
80$5,485,439$0$0$3,706,069
81$5,908,829$0$0$3,994,030
82$6,371,117$0$0$4,308,525
83$6,876,136$0$0$4,652,173
84$7,428,103$0$0$5,027,854
85$8,031,666$0$0$5,438,741
86$8,691,937$0$0$5,888,328
87$9,414,550$0$0$6,380,459
88$10,205,703$0$0$6,919,371
89$11,072,227$0$0$7,509,727
90$12,021,641$0$0$8,156,664
91$13,062,226$0$0$8,865,838
92$14,203,104$0$0$9,643,479
93$15,454,320$0$0$10,496,449
94$16,826,939$0$0$11,432,307
95$18,333,148$0$0$12,459,376
96$19,986,371$0$0$13,586,828
97$21,801,394$0$0$14,824,762
98$23,794,507$0$0$16,184,305
99$25,983,653$0$0$17,677,716
100$28,388,598$0$0$19,318,497