Can I retire at age 53 with 990,000?

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 $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%11.5%
1 years$81,753$81,025$80,315$79,621$78,944$78,446
2 years$40,472$39,718$38,988$38,279$37,592$37,091
3 years$26,713$25,956$25,228$24,526$23,850$23,360
4 years$19,835$19,081$18,359$17,670$17,010$16,534
5 years$15,710$14,959$14,248$13,572$12,931$12,472
6 years$12,960$12,215$11,514$10,854$10,232$9,789
7 years$10,997$10,259$9,568$8,923$8,321$7,896
8 years$9,525$8,793$8,115$7,486$6,903$6,495
9 years$8,381$7,656$6,989$6,376$5,813$5,423
10 years$7,466$6,749$6,093$5,496$4,953$4,579
11 years$6,718$6,008$5,364$4,783$4,260$3,903
12 years$6,095$5,392$4,761$4,196$3,692$3,351
13 years$5,569$4,873$4,253$3,704$3,219$2,894
14 years$5,118$4,430$3,822$3,288$2,822$2,513
15 years$4,727$4,046$3,451$2,932$2,485$2,191
16 years$4,386$3,713$3,128$2,626$2,196$1,917
17 years$4,085$3,419$2,847$2,359$1,947$1,682
18 years$3,818$3,159$2,599$2,126$1,731$1,480
19 years$3,579$2,928$2,379$1,921$1,543$1,305
20 years$3,365$2,721$2,183$1,740$1,378$1,154
21 years$3,171$2,534$2,008$1,579$1,233$1,021
22 years$2,995$2,366$1,851$1,436$1,106$905
23 years$2,834$2,213$1,709$1,308$992$804
24 years$2,687$2,073$1,581$1,193$892$714
25 years$2,552$1,946$1,464$1,089$803$635
26 years$2,428$1,829$1,358$996$723$566
27 years$2,313$1,721$1,261$912$652$504
28 years$2,206$1,622$1,172$835$588$449
29 years$2,107$1,530$1,091$766$531$401
30 years$2,015$1,445$1,016$703$480$358
31 years$1,929$1,366$947$646$434$320
32 years$1,848$1,292$884$593$392$286
33 years$1,773$1,224$825$546$355$255
34 years$1,702$1,160$771$502$322$228
35 years$1,635$1,100$721$462$291$204
36 years$1,572$1,044$674$426$264$183
37 years$1,513$992$631$392$239$164
38 years$1,457$942$591$361$217$146
39 years$1,404$896$554$333$197$131
40 years$1,353$853$519$307$178$117
41 years$1,306$812$487$284$162$105
42 years$1,260$773$456$262$147$94
43 years$1,217$737$428$242$133$84
44 years$1,176$702$402$223$121$76
45 years$1,137$669$378$206$110$68
46 years$1,100$639$355$190$100$61
47 years$1,064$609$333$176$91$54
48 years$1,030$582$313$162$82$49
49 years$998$556$294$150$75$44
50 years$967$531$277$139$68$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $990,000, adding $5,039 every year, while hoping to spend $51,500 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: 48/43/9 Blend
52$990,000$990,000$990,000$990,000
53$1,096,178$1,043,708$1,028,363$1,145,893
54$1,153,192$1,040,054$1,008,017$1,176,893
55$1,214,296$1,034,495$985,264$1,204,717
56$1,279,852$1,026,883$959,968$1,233,737
57$1,350,259$1,017,062$931,989$1,264,081
58$1,425,952$1,004,865$901,177$1,295,890
59$1,507,412$990,116$867,380$1,329,326
60$1,595,166$972,629$830,434$1,364,567
61$1,689,791$952,206$790,172$1,401,814
62$1,791,923$928,638$746,417$1,441,294
63$1,902,261$901,703$698,983$1,483,258
64$2,021,571$871,166$647,679$1,527,989
65$2,150,698$836,779$592,303$1,575,802
66$2,290,567$798,280$532,643$1,627,050
67$2,442,199$755,390$468,480$1,682,125
68$2,606,714$707,814$399,585$1,741,468
69$2,785,345$655,244$325,718$1,805,567
70$2,979,448$597,348$246,627$1,874,969
71$3,190,515$533,781$162,052$1,950,282
72$3,420,185$464,175$71,719$2,032,182
73$3,670,266$388,141$0$2,121,424
74$3,942,744$305,270$0$2,221,217
75$4,239,804$215,129$0$2,337,626
76$4,563,854$117,261$0$2,464,824
77$4,917,543$11,182$0$2,603,994
78$5,303,785$0$0$2,756,448
79$5,725,790$0$0$2,972,669
80$6,187,092$0$0$3,214,914
81$6,691,581$0$0$3,479,948
82$7,243,540$0$0$3,770,033
83$7,847,685$0$0$4,087,665
84$8,509,211$0$0$4,435,587
85$9,233,835$0$0$4,816,822
86$10,027,857$0$0$5,234,702
87$10,898,212$0$0$5,692,891
88$11,852,540$0$0$6,195,430
89$12,899,255$0$0$6,746,767
90$14,047,625$0$0$7,351,801
91$15,307,856$0$0$8,015,929
92$16,691,193$0$0$8,745,098
93$18,210,022$0$0$9,545,856
94$19,877,985$0$0$10,425,416
95$21,710,112$0$0$11,391,727
96$23,722,961$0$0$12,453,544
97$25,934,770$0$0$13,620,512
98$28,365,635$0$0$14,903,256
99$31,037,691$0$0$16,313,485
100$33,975,327$0$0$17,864,094