Can I retire at age 53 with 990,000?

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 $990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$81,753$81,025$80,315$79,621$78,944$77,958
2 years$40,472$39,718$38,988$38,279$37,592$36,600
3 years$26,713$25,956$25,228$24,526$23,850$22,882
4 years$19,835$19,081$18,359$17,670$17,010$16,074
5 years$15,710$14,959$14,248$13,572$12,931$12,030
6 years$12,960$12,215$11,514$10,854$10,232$9,367
7 years$10,997$10,259$9,568$8,923$8,321$7,493
8 years$9,525$8,793$8,115$7,486$6,903$6,111
9 years$8,381$7,656$6,989$6,376$5,813$5,057
10 years$7,466$6,749$6,093$5,496$4,953$4,232
11 years$6,718$6,008$5,364$4,783$4,260$3,574
12 years$6,095$5,392$4,761$4,196$3,692$3,039
13 years$5,569$4,873$4,253$3,704$3,219$2,600
14 years$5,118$4,430$3,822$3,288$2,822$2,235
15 years$4,727$4,046$3,451$2,932$2,485$1,929
16 years$4,386$3,713$3,128$2,626$2,196$1,670
17 years$4,085$3,419$2,847$2,359$1,947$1,451
18 years$3,818$3,159$2,599$2,126$1,731$1,263
19 years$3,579$2,928$2,379$1,921$1,543$1,102
20 years$3,365$2,721$2,183$1,740$1,378$963
21 years$3,171$2,534$2,008$1,579$1,233$843
22 years$2,995$2,366$1,851$1,436$1,106$739
23 years$2,834$2,213$1,709$1,308$992$649
24 years$2,687$2,073$1,581$1,193$892$570
25 years$2,552$1,946$1,464$1,089$803$501
26 years$2,428$1,829$1,358$996$723$441
27 years$2,313$1,721$1,261$912$652$388
28 years$2,206$1,622$1,172$835$588$342
29 years$2,107$1,530$1,091$766$531$301
30 years$2,015$1,445$1,016$703$480$266
31 years$1,929$1,366$947$646$434$235
32 years$1,848$1,292$884$593$392$207
33 years$1,773$1,224$825$546$355$183
34 years$1,702$1,160$771$502$322$161
35 years$1,635$1,100$721$462$291$143
36 years$1,572$1,044$674$426$264$126
37 years$1,513$992$631$392$239$111
38 years$1,457$942$591$361$217$98
39 years$1,404$896$554$333$197$87
40 years$1,353$853$519$307$178$77
41 years$1,306$812$487$284$162$68
42 years$1,260$773$456$262$147$60
43 years$1,217$737$428$242$133$53
44 years$1,176$702$402$223$121$47
45 years$1,137$669$378$206$110$42
46 years$1,100$639$355$190$100$37
47 years$1,064$609$333$176$91$33
48 years$1,030$582$313$162$82$29
49 years$998$556$294$150$75$25
50 years$967$531$277$139$68$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $990,000, adding $5,516 every year, while hoping to spend $20,536 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: 38/40/22 Blend
52$990,000$990,000$990,000$990,000
53$1,096,670$1,044,200$1,028,855$1,130,944
54$1,186,680$1,073,515$1,041,471$1,185,617
55$1,285,183$1,103,579$1,053,822$1,242,334
56$1,393,023$1,134,406$1,065,877$1,303,216
57$1,511,131$1,166,011$1,077,603$1,368,650
58$1,640,530$1,198,410$1,088,967$1,439,065
59$1,782,349$1,231,617$1,099,932$1,514,931
60$1,937,829$1,265,647$1,110,460$1,596,766
61$2,108,340$1,300,515$1,120,513$1,685,140
62$2,295,387$1,336,238$1,130,047$1,780,681
63$2,500,631$1,372,828$1,139,018$1,884,080
64$2,725,901$1,410,301$1,147,380$1,996,099
65$2,973,209$1,448,672$1,155,083$2,117,575
66$3,244,774$1,487,955$1,162,077$2,249,433
67$3,543,041$1,528,165$1,168,306$2,392,689
68$3,870,700$1,569,314$1,173,713$2,548,463
69$4,230,719$1,611,417$1,178,240$2,717,990
70$4,626,363$1,654,488$1,181,822$2,902,628
71$5,061,232$1,698,538$1,184,393$3,103,877
72$5,539,292$1,743,581$1,185,885$3,323,385
73$6,064,911$1,789,628$1,186,223$3,562,971
74$6,642,903$1,836,690$1,185,332$3,824,637
75$7,278,570$1,884,779$1,183,132$4,110,591
76$7,977,755$1,933,904$1,179,538$4,423,264
77$8,746,895$1,984,074$1,174,461$4,765,336
78$9,593,083$2,035,298$1,167,810$5,139,759
79$10,524,133$2,087,583$1,159,487$5,549,787
80$11,548,656$2,140,936$1,149,391$5,999,006
81$12,676,138$2,195,361$1,137,415$6,491,365
82$13,917,034$2,250,864$1,123,448$7,031,220
83$15,282,860$2,307,445$1,107,373$7,623,368
84$16,786,309$2,365,107$1,089,067$8,273,097
85$18,441,365$2,423,849$1,068,403$8,986,232
86$20,263,436$2,483,670$1,045,246$9,769,197
87$22,269,501$2,544,565$1,019,457$10,629,066
88$24,478,270$2,606,528$990,888$11,573,641
89$26,910,358$2,669,552$959,387$12,611,514
90$29,588,480$2,733,626$924,793$13,752,158
91$32,537,669$2,798,738$886,937$15,006,012
92$35,785,507$2,864,872$845,645$16,384,581
93$39,362,388$2,932,009$800,733$17,900,541
94$43,301,803$3,000,130$752,010$19,567,868
95$47,640,659$3,069,208$699,274$21,401,958
96$52,419,624$3,139,217$642,317$23,419,784
97$57,683,511$3,210,124$580,920$25,640,049
98$63,481,703$3,281,893$514,855$28,083,364
99$69,868,616$3,354,485$443,882$30,772,448
100$76,904,215$3,427,856$367,752$33,732,335