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%14.9%
1 years$81,836$81,107$80,396$79,702$79,024$77,428
2 years$40,513$39,758$39,027$38,318$37,630$36,030
3 years$26,740$25,982$25,253$24,551$23,874$22,319
4 years$19,855$19,100$18,378$17,687$17,027$15,529
5 years$15,725$14,975$14,262$13,586$12,944$11,507
6 years$12,973$12,228$11,526$10,865$10,242$8,868
7 years$11,008$10,269$9,578$8,932$8,330$7,018
8 years$9,535$8,802$8,123$7,493$6,910$5,661
9 years$8,389$7,664$6,996$6,382$5,819$4,632
10 years$7,474$6,755$6,099$5,502$4,958$3,832
11 years$6,725$6,014$5,370$4,788$4,264$3,197
12 years$6,102$5,398$4,766$4,200$3,695$2,686
13 years$5,575$4,878$4,258$3,708$3,222$2,269
14 years$5,123$4,434$3,826$3,291$2,825$1,926
15 years$4,732$4,051$3,454$2,935$2,487$1,641
16 years$4,391$3,716$3,132$2,628$2,198$1,402
17 years$4,089$3,423$2,850$2,362$1,949$1,201
18 years$3,822$3,163$2,601$2,128$1,733$1,032
19 years$3,583$2,931$2,381$1,923$1,545$888
20 years$3,368$2,724$2,186$1,742$1,380$765
21 years$3,174$2,537$2,010$1,581$1,235$660
22 years$2,998$2,368$1,853$1,437$1,107$570
23 years$2,837$2,215$1,711$1,309$993$493
24 years$2,690$2,075$1,582$1,194$893$427
25 years$2,555$1,948$1,465$1,090$804$370
26 years$2,430$1,830$1,359$997$724$320
27 years$2,315$1,723$1,262$912$653$278
28 years$2,209$1,623$1,173$836$589$241
29 years$2,110$1,531$1,092$767$532$209
30 years$2,017$1,446$1,017$704$480$182
31 years$1,931$1,367$948$646$434$158
32 years$1,850$1,294$885$594$393$137
33 years$1,775$1,225$826$546$356$119
34 years$1,704$1,161$772$502$322$104
35 years$1,637$1,101$721$463$292$90
36 years$1,574$1,045$675$426$264$78
37 years$1,515$993$632$392$239$68
38 years$1,458$943$592$362$217$59
39 years$1,405$897$554$334$197$51
40 years$1,355$854$519$308$179$45
41 years$1,307$812$487$284$162$39
42 years$1,262$774$457$262$147$34
43 years$1,219$737$429$242$133$29
44 years$1,177$703$402$223$121$26
45 years$1,138$670$378$206$110$22
46 years$1,101$639$355$190$100$19
47 years$1,065$610$333$176$91$17
48 years$1,031$582$313$163$82$15
49 years$999$556$295$150$75$13
50 years$968$531$277$139$68$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $991,000, adding $6,976 every year, while hoping to spend $43,585 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: 63/11/26 Blend
52$991,000$991,000$991,000$991,000
53$1,099,278$1,046,755$1,031,394$1,160,552
54$1,165,030$1,051,672$1,019,572$1,207,789
55$1,236,028$1,055,369$1,005,893$1,253,946
56$1,312,761$1,057,740$990,248$1,303,406
57$1,395,767$1,058,673$972,526$1,356,501
58$1,485,636$1,058,049$952,606$1,413,595
59$1,583,018$1,055,741$930,366$1,475,090
60$1,688,627$1,051,613$905,674$1,541,433
61$1,803,249$1,045,524$878,396$1,613,115
62$1,927,747$1,037,321$848,389$1,690,682
63$2,063,072$1,026,845$815,505$1,774,734
64$2,210,269$1,013,924$779,587$1,865,936
65$2,370,488$998,378$740,475$1,965,022
66$2,544,994$980,015$697,998$2,072,803
67$2,735,181$958,633$651,978$2,190,175
68$2,942,581$934,017$602,231$2,318,128
69$3,168,880$905,940$548,562$2,457,754
70$3,415,936$874,162$490,769$2,610,261
71$3,685,793$838,426$428,640$2,776,981
72$3,980,699$798,465$361,956$2,959,387
73$4,303,134$753,993$290,484$3,159,103
74$4,655,823$704,708$213,985$3,377,925
75$5,041,770$650,292$132,207$3,617,832
76$5,464,282$590,408$44,887$3,881,011
77$5,927,000$524,700$0$4,169,876
78$6,433,935$452,790$0$4,500,489
79$6,989,502$374,282$0$4,876,553
80$7,598,564$288,756$0$5,288,928
81$8,266,480$195,766$0$5,741,282
82$8,999,147$94,846$0$6,237,656
83$9,803,066$0$0$6,782,505
84$10,685,394$0$0$7,382,491
85$11,654,015$0$0$8,053,833
86$12,717,614$0$0$8,791,080
87$13,885,760$0$0$9,600,872
88$15,168,992$0$0$10,490,526
89$16,578,921$0$0$11,468,101
90$18,128,336$0$0$12,542,476
91$19,831,331$0$0$13,723,433
92$21,703,429$0$0$15,021,749
93$23,761,735$0$0$16,449,296
94$26,025,090$0$0$18,019,157
95$28,514,258$0$0$19,745,742
96$31,252,110$0$0$21,644,930
97$34,263,850$0$0$23,734,218
98$37,577,244$0$0$26,032,880
99$41,222,886$0$0$28,562,155
100$45,234,486$0$0$31,345,445