Can I retire at age 53 with 995,000?

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 $995,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$82,166$81,434$80,720$80,023$79,343$78,645
2 years$40,676$39,919$39,185$38,473$37,782$37,079
3 years$26,848$26,087$25,355$24,650$23,971$23,284
4 years$19,935$19,177$18,452$17,759$17,096$16,431
5 years$15,789$15,035$14,319$13,640$12,996$12,355
6 years$13,025$12,277$11,572$10,908$10,283$9,667
7 years$11,052$10,310$9,617$8,968$8,363$7,771
8 years$9,573$8,838$8,156$7,523$6,938$6,371
9 years$8,423$7,695$7,024$6,408$5,843$5,300
10 years$7,504$6,783$6,124$5,524$4,978$4,460
11 years$6,752$6,038$5,392$4,808$4,282$3,787
12 years$6,126$5,420$4,785$4,217$3,710$3,239
13 years$5,597$4,898$4,275$3,723$3,235$2,787
14 years$5,144$4,452$3,841$3,305$2,836$2,410
15 years$4,751$4,067$3,468$2,947$2,497$2,093
16 years$4,408$3,731$3,144$2,639$2,207$1,824
17 years$4,106$3,436$2,861$2,371$1,957$1,594
18 years$3,837$3,175$2,612$2,137$1,740$1,396
19 years$3,597$2,943$2,391$1,931$1,551$1,226
20 years$3,382$2,735$2,194$1,749$1,385$1,079
21 years$3,187$2,547$2,018$1,587$1,240$951
22 years$3,010$2,378$1,860$1,443$1,111$839
23 years$2,849$2,224$1,718$1,314$997$742
24 years$2,701$2,084$1,588$1,199$897$656
25 years$2,565$1,955$1,471$1,095$807$581
26 years$2,440$1,838$1,365$1,001$727$515
27 years$2,325$1,730$1,267$916$655$457
28 years$2,218$1,630$1,178$839$591$405
29 years$2,118$1,537$1,096$770$534$360
30 years$2,025$1,452$1,021$706$482$320
31 years$1,939$1,373$952$649$436$284
32 years$1,858$1,299$888$596$394$253
33 years$1,782$1,230$829$548$357$225
34 years$1,711$1,166$775$504$323$200
35 years$1,644$1,106$724$464$293$178
36 years$1,580$1,049$678$428$265$158
37 years$1,521$997$634$394$240$141
38 years$1,464$947$594$363$218$126
39 years$1,411$901$556$335$198$112
40 years$1,360$857$522$309$179$100
41 years$1,312$816$489$285$163$89
42 years$1,267$777$459$263$148$79
43 years$1,223$740$430$243$134$71
44 years$1,182$706$404$224$122$63
45 years$1,143$673$379$207$110$56
46 years$1,105$642$356$191$100$50
47 years$1,070$613$335$177$91$45
48 years$1,035$585$315$163$83$40
49 years$1,003$558$296$151$75$35
50 years$971$533$278$139$68$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $995,000, adding $3,513 every year, while hoping to spend $30,563 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: 46/43/11 Blend
52$995,000$995,000$995,000$995,000
53$1,100,114$1,047,379$1,031,956$1,147,169
54$1,179,806$1,066,181$1,034,008$1,198,872
55$1,266,604$1,084,881$1,035,104$1,251,504
56$1,361,197$1,103,441$1,035,180$1,307,912
57$1,464,350$1,121,820$1,034,169$1,368,455
58$1,576,900$1,139,975$1,032,000$1,433,532
59$1,699,770$1,157,860$1,028,598$1,503,581
60$1,833,977$1,175,426$1,023,887$1,579,087
61$1,980,639$1,192,618$1,017,784$1,660,582
62$2,140,988$1,209,380$1,010,203$1,748,657
63$2,316,380$1,225,651$1,001,056$1,843,960
64$2,508,307$1,241,364$990,248$1,947,208
65$2,718,415$1,256,451$977,681$2,059,192
66$2,948,512$1,270,837$963,253$2,180,785
67$3,200,593$1,284,441$946,855$2,312,949
68$3,476,854$1,297,178$928,375$2,456,745
69$3,779,712$1,308,959$907,694$2,613,346
70$4,111,830$1,319,685$884,689$2,784,043
71$4,476,142$1,329,255$859,231$2,970,263
72$4,875,878$1,337,558$831,185$3,173,579
73$5,314,597$1,344,478$800,409$3,395,725
74$5,796,218$1,349,890$766,756$3,638,617
75$6,325,061$1,353,663$730,070$3,904,365
76$6,905,881$1,355,656$690,191$4,195,300
77$7,543,917$1,355,720$646,950$4,513,992
78$8,244,943$1,353,696$600,169$4,863,275
79$9,015,318$1,349,418$549,665$5,246,276
80$9,862,046$1,342,705$495,244$5,666,445
81$10,792,846$1,333,369$436,707$6,127,584
82$11,816,222$1,321,210$373,842$6,633,892
83$12,941,541$1,306,013$306,429$7,189,995
84$14,179,124$1,287,554$234,241$7,800,998
85$15,540,343$1,265,592$157,037$8,472,530
86$17,037,728$1,239,876$74,567$9,210,801
87$18,685,082$1,210,136$0$10,022,657
88$20,497,616$1,176,088$0$10,917,228
89$22,492,088$1,137,432$0$11,910,706
90$24,686,964$1,093,848$0$13,003,545
91$27,102,588$1,045,001$0$14,205,908
92$29,761,378$990,533$0$15,528,998
93$32,688,037$930,067$0$16,985,166
94$35,909,781$863,204$0$18,588,028
95$39,456,601$789,524$0$20,352,599
96$43,361,544$708,580$0$22,295,427
97$47,661,023$619,902$0$24,434,761
98$52,395,161$522,991$0$26,790,713
99$57,608,172$417,322$0$29,385,460
100$63,348,774$302,339$0$32,243,447