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%11.9%
1 years$81,836$81,107$80,396$79,702$79,024$78,394
2 years$40,513$39,758$39,027$38,318$37,630$36,996
3 years$26,740$25,982$25,253$24,551$23,874$23,254
4 years$19,855$19,100$18,378$17,687$17,027$16,427
5 years$15,725$14,975$14,262$13,586$12,944$12,365
6 years$12,973$12,228$11,526$10,865$10,242$9,685
7 years$11,008$10,269$9,578$8,932$8,330$7,794
8 years$9,535$8,802$8,123$7,493$6,910$6,397
9 years$8,389$7,664$6,996$6,382$5,819$5,328
10 years$7,474$6,755$6,099$5,502$4,958$4,489
11 years$6,725$6,014$5,370$4,788$4,264$3,816
12 years$6,102$5,398$4,766$4,200$3,695$3,268
13 years$5,575$4,878$4,258$3,708$3,222$2,816
14 years$5,123$4,434$3,826$3,291$2,825$2,438
15 years$4,732$4,051$3,454$2,935$2,487$2,120
16 years$4,391$3,716$3,132$2,628$2,198$1,850
17 years$4,089$3,423$2,850$2,362$1,949$1,619
18 years$3,822$3,163$2,601$2,128$1,733$1,421
19 years$3,583$2,931$2,381$1,923$1,545$1,249
20 years$3,368$2,724$2,186$1,742$1,380$1,101
21 years$3,174$2,537$2,010$1,581$1,235$971
22 years$2,998$2,368$1,853$1,437$1,107$859
23 years$2,837$2,215$1,711$1,309$993$760
24 years$2,690$2,075$1,582$1,194$893$673
25 years$2,555$1,948$1,465$1,090$804$597
26 years$2,430$1,830$1,359$997$724$530
27 years$2,315$1,723$1,262$912$653$471
28 years$2,209$1,623$1,173$836$589$418
29 years$2,110$1,531$1,092$767$532$372
30 years$2,017$1,446$1,017$704$480$331
31 years$1,931$1,367$948$646$434$295
32 years$1,850$1,294$885$594$393$263
33 years$1,775$1,225$826$546$356$234
34 years$1,704$1,161$772$502$322$209
35 years$1,637$1,101$721$463$292$186
36 years$1,574$1,045$675$426$264$166
37 years$1,515$993$632$392$239$148
38 years$1,458$943$592$362$217$132
39 years$1,405$897$554$334$197$118
40 years$1,355$854$519$308$179$105
41 years$1,307$812$487$284$162$94
42 years$1,262$774$457$262$147$84
43 years$1,219$737$429$242$133$75
44 years$1,177$703$402$223$121$67
45 years$1,138$670$378$206$110$60
46 years$1,101$639$355$190$100$53
47 years$1,065$610$333$176$91$48
48 years$1,031$582$313$163$82$42
49 years$999$556$295$150$75$38
50 years$968$531$277$139$68$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $991,000, adding $5,179 every year, while hoping to spend $22,604 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: 28/48/24 Blend
52$991,000$991,000$991,000$991,000
53$1,097,424$1,044,901$1,029,541$1,119,796
54$1,185,311$1,072,051$1,039,980$1,164,941
55$1,281,405$1,099,773$1,050,011$1,211,084
56$1,386,518$1,128,073$1,059,597$1,260,192
57$1,501,548$1,156,953$1,068,698$1,312,533
58$1,627,478$1,186,416$1,077,272$1,368,402
59$1,765,396$1,216,466$1,085,276$1,428,126
60$1,916,498$1,247,103$1,092,663$1,492,062
61$2,082,098$1,278,329$1,099,386$1,560,605
62$2,263,649$1,310,144$1,105,392$1,634,190
63$2,462,747$1,342,547$1,110,628$1,713,296
64$2,681,152$1,375,537$1,115,039$1,798,452
65$2,920,801$1,409,109$1,118,564$1,890,239
66$3,183,828$1,443,261$1,121,141$1,989,299
67$3,472,585$1,477,988$1,122,706$2,096,337
68$3,789,661$1,513,282$1,123,190$2,212,134
69$4,137,910$1,549,136$1,122,520$2,337,547
70$4,520,474$1,585,540$1,120,621$2,473,522
71$4,940,815$1,622,484$1,117,414$2,621,104
72$5,402,747$1,659,955$1,112,817$2,781,442
73$5,910,472$1,697,938$1,106,741$2,955,803
74$6,468,619$1,736,416$1,099,096$3,145,586
75$7,082,289$1,775,371$1,089,787$3,352,330
76$7,757,100$1,814,782$1,078,712$3,577,734
77$8,499,243$1,854,625$1,065,767$3,823,671
78$9,315,538$1,894,874$1,050,843$4,092,204
79$10,213,501$1,935,501$1,033,824$4,385,611
80$11,201,411$1,976,473$1,014,590$4,706,399
81$12,288,391$2,017,756$993,015$5,057,335
82$13,484,493$2,059,312$968,967$5,441,468
83$14,800,792$2,101,099$942,308$5,862,162
84$16,249,491$2,143,071$912,893$6,323,122
85$17,844,036$2,185,178$880,572$6,828,436
86$19,599,243$2,227,368$845,187$7,382,608
87$21,531,438$2,269,581$806,573$7,990,606
88$23,658,608$2,311,754$764,557$8,657,906
89$26,000,575$2,353,819$718,959$9,390,544
90$28,579,180$2,395,702$669,590$10,195,177
91$31,418,488$2,437,323$616,253$11,079,140
92$34,545,020$2,478,598$558,743$12,050,524
93$37,987,995$2,519,432$496,844$13,118,244
94$41,779,615$2,559,729$430,333$14,292,132
95$45,955,360$2,599,380$358,973$15,583,022
96$50,554,330$2,638,272$282,522$17,002,863
97$55,619,607$2,676,284$200,722$18,564,822
98$61,198,668$2,713,282$113,307$20,283,417
99$67,343,827$2,749,129$19,998$22,174,651
100$74,112,735$2,783,673$0$24,256,164