Can I retire at age 53 with 991,000?

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 $991,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$81,836$81,107$80,396$79,702$79,024$77,082
2 years$40,513$39,758$39,027$38,318$37,630$35,686
3 years$26,740$25,982$25,253$24,551$23,874$21,988
4 years$19,855$19,100$18,378$17,687$17,027$15,214
5 years$15,725$14,975$14,262$13,586$12,944$11,208
6 years$12,973$12,228$11,526$10,865$10,242$8,586
7 years$11,008$10,269$9,578$8,932$8,330$6,753
8 years$9,535$8,802$8,123$7,493$6,910$5,413
9 years$8,389$7,664$6,996$6,382$5,819$4,400
10 years$7,474$6,755$6,099$5,502$4,958$3,615
11 years$6,725$6,014$5,370$4,788$4,264$2,995
12 years$6,102$5,398$4,766$4,200$3,695$2,499
13 years$5,575$4,878$4,258$3,708$3,222$2,095
14 years$5,123$4,434$3,826$3,291$2,825$1,765
15 years$4,732$4,051$3,454$2,935$2,487$1,492
16 years$4,391$3,716$3,132$2,628$2,198$1,265
17 years$4,089$3,423$2,850$2,362$1,949$1,075
18 years$3,822$3,163$2,601$2,128$1,733$916
19 years$3,583$2,931$2,381$1,923$1,545$782
20 years$3,368$2,724$2,186$1,742$1,380$668
21 years$3,174$2,537$2,010$1,581$1,235$572
22 years$2,998$2,368$1,853$1,437$1,107$490
23 years$2,837$2,215$1,711$1,309$993$420
24 years$2,690$2,075$1,582$1,194$893$360
25 years$2,555$1,948$1,465$1,090$804$309
26 years$2,430$1,830$1,359$997$724$266
27 years$2,315$1,723$1,262$912$653$228
28 years$2,209$1,623$1,173$836$589$196
29 years$2,110$1,531$1,092$767$532$169
30 years$2,017$1,446$1,017$704$480$145
31 years$1,931$1,367$948$646$434$125
32 years$1,850$1,294$885$594$393$108
33 years$1,775$1,225$826$546$356$93
34 years$1,704$1,161$772$502$322$80
35 years$1,637$1,101$721$463$292$69
36 years$1,574$1,045$675$426$264$59
37 years$1,515$993$632$392$239$51
38 years$1,458$943$592$362$217$44
39 years$1,405$897$554$334$197$38
40 years$1,355$854$519$308$179$33
41 years$1,307$812$487$284$162$28
42 years$1,262$774$457$262$147$24
43 years$1,219$737$429$242$133$21
44 years$1,177$703$402$223$121$18
45 years$1,138$670$378$206$110$16
46 years$1,101$639$355$190$100$13
47 years$1,065$610$333$176$91$12
48 years$1,031$582$313$163$82$10
49 years$999$556$295$150$75$9
50 years$968$531$277$139$68$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $991,000, adding $4,656 every year, while hoping to spend $20,337 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: 75/10/15 Blend
52$991,000$991,000$991,000$991,000
53$1,096,885$1,044,362$1,029,001$1,175,235
54$1,187,128$1,073,897$1,041,834$1,257,194
55$1,285,896$1,104,198$1,054,416$1,344,013
56$1,394,034$1,135,281$1,066,716$1,438,617
57$1,512,477$1,167,161$1,078,702$1,541,776
58$1,642,253$1,199,855$1,090,342$1,654,335
59$1,784,495$1,233,380$1,101,601$1,777,226
60$1,940,449$1,267,752$1,112,440$1,911,477
61$2,111,490$1,302,987$1,122,822$2,058,219
62$2,299,130$1,339,101$1,132,705$2,218,697
63$2,505,036$1,376,112$1,142,045$2,394,284
64$2,731,044$1,414,035$1,150,797$2,586,492
65$2,979,174$1,452,887$1,158,913$2,796,986
66$3,251,655$1,492,683$1,166,342$3,027,601
67$3,550,940$1,533,441$1,173,030$3,280,358
68$3,879,733$1,575,176$1,178,923$3,557,484
69$4,241,009$1,617,904$1,183,961$3,861,434
70$4,638,051$1,661,640$1,188,083$4,194,909
71$5,074,471$1,706,399$1,191,223$4,560,890
72$5,554,252$1,752,197$1,193,313$4,962,656
73$6,081,779$1,799,048$1,194,282$5,403,825
74$6,661,885$1,846,966$1,194,055$5,888,380
75$7,299,894$1,895,964$1,192,553$6,420,711
76$8,001,673$1,946,056$1,189,693$7,005,656
77$8,773,684$1,997,254$1,185,389$7,648,543
78$9,623,050$2,049,570$1,179,550$8,355,247
79$10,557,617$2,103,014$1,172,080$9,132,239
80$11,586,029$2,157,597$1,162,880$9,986,649
81$12,717,813$2,213,328$1,151,845$10,926,336
82$13,963,464$2,270,215$1,138,866$11,959,957
83$15,334,546$2,328,265$1,123,827$13,097,056
84$16,843,804$2,387,484$1,106,610$14,348,145
85$18,505,278$2,447,877$1,087,087$15,724,812
86$20,334,440$2,509,446$1,065,128$17,239,822
87$22,348,337$2,572,193$1,040,594$18,907,246
88$24,565,755$2,636,118$1,013,341$20,742,586
89$27,007,393$2,701,218$983,219$22,762,928
90$29,696,059$2,767,491$950,069$24,987,099
91$32,656,888$2,834,929$913,728$27,435,844
92$35,917,575$2,903,524$874,021$30,132,027
93$39,508,636$2,973,265$830,770$33,100,842
94$43,463,701$3,044,139$783,784$36,370,051
95$47,819,826$3,116,130$732,868$39,970,250
96$52,617,844$3,189,216$677,816$43,935,155
97$57,902,753$3,263,377$618,412$48,301,919
98$63,724,136$3,338,584$554,431$53,111,487
99$70,136,632$3,414,809$485,638$58,408,977
100$77,200,451$3,492,017$411,790$64,244,112