Can I retire at age 53 with 995,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%19.1%
1 years$82,166$81,434$80,720$80,023$79,343$76,436
2 years$40,676$39,919$39,185$38,473$37,782$34,887
3 years$26,848$26,087$25,355$24,650$23,971$21,177
4 years$19,935$19,177$18,452$17,759$17,096$14,425
5 years$15,789$15,035$14,319$13,640$12,996$10,455
6 years$13,025$12,277$11,572$10,908$10,283$7,874
7 years$11,052$10,310$9,617$8,968$8,363$6,085
8 years$9,573$8,838$8,156$7,523$6,938$4,789
9 years$8,423$7,695$7,024$6,408$5,843$3,820
10 years$7,504$6,783$6,124$5,524$4,978$3,078
11 years$6,752$6,038$5,392$4,808$4,282$2,500
12 years$6,126$5,420$4,785$4,217$3,710$2,043
13 years$5,597$4,898$4,275$3,723$3,235$1,678
14 years$5,144$4,452$3,841$3,305$2,836$1,383
15 years$4,751$4,067$3,468$2,947$2,497$1,144
16 years$4,408$3,731$3,144$2,639$2,207$949
17 years$4,106$3,436$2,861$2,371$1,957$788
18 years$3,837$3,175$2,612$2,137$1,740$656
19 years$3,597$2,943$2,391$1,931$1,551$547
20 years$3,382$2,735$2,194$1,749$1,385$457
21 years$3,187$2,547$2,018$1,587$1,240$381
22 years$3,010$2,378$1,860$1,443$1,111$319
23 years$2,849$2,224$1,718$1,314$997$267
24 years$2,701$2,084$1,588$1,199$897$223
25 years$2,565$1,955$1,471$1,095$807$187
26 years$2,440$1,838$1,365$1,001$727$157
27 years$2,325$1,730$1,267$916$655$131
28 years$2,218$1,630$1,178$839$591$110
29 years$2,118$1,537$1,096$770$534$92
30 years$2,025$1,452$1,021$706$482$77
31 years$1,939$1,373$952$649$436$65
32 years$1,858$1,299$888$596$394$55
33 years$1,782$1,230$829$548$357$46
34 years$1,711$1,166$775$504$323$38
35 years$1,644$1,106$724$464$293$32
36 years$1,580$1,049$678$428$265$27
37 years$1,521$997$634$394$240$23
38 years$1,464$947$594$363$218$19
39 years$1,411$901$556$335$198$16
40 years$1,360$857$522$309$179$13
41 years$1,312$816$489$285$163$11
42 years$1,267$777$459$263$148$9
43 years$1,223$740$430$243$134$8
44 years$1,182$706$404$224$122$7
45 years$1,143$673$379$207$110$6
46 years$1,105$642$356$191$100$5
47 years$1,070$613$335$177$91$4
48 years$1,035$585$315$163$83$3
49 years$1,003$558$296$151$75$3
50 years$971$533$278$139$68$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $995,000, adding $5,091 every year, while hoping to spend $31,141 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: 68/22/10 Blend
52$995,000$995,000$995,000$995,000
53$1,101,741$1,049,006$1,033,584$1,174,073
54$1,180,985$1,067,274$1,035,075$1,241,030
55$1,267,268$1,085,393$1,035,573$1,310,007
56$1,361,275$1,103,323$1,035,010$1,384,622
57$1,463,761$1,121,021$1,033,319$1,465,423
58$1,575,555$1,138,441$1,030,425$1,553,013
59$1,697,569$1,155,533$1,026,252$1,648,058
60$1,830,811$1,172,244$1,020,721$1,751,291
61$1,976,386$1,188,516$1,013,748$1,863,518
62$2,135,513$1,204,289$1,005,244$1,985,631
63$2,309,534$1,219,497$995,118$2,118,610
64$2,499,924$1,234,071$983,272$2,263,535
65$2,708,311$1,247,935$969,607$2,421,599
66$2,936,486$1,261,011$954,016$2,594,113
67$3,186,420$1,273,213$936,388$2,782,524
68$3,460,286$1,284,451$916,607$2,988,427
69$3,760,474$1,294,629$894,553$3,213,581
70$4,089,620$1,303,643$870,098$3,459,921
71$4,450,625$1,311,385$843,110$3,729,584
72$4,846,683$1,317,738$813,449$4,024,922
73$5,281,316$1,322,577$780,970$4,348,531
74$5,758,399$1,325,773$745,522$4,703,270
75$6,282,205$1,327,185$706,945$5,092,289
76$6,857,436$1,326,663$665,075$5,519,065
77$7,489,277$1,324,052$619,737$5,987,424
78$8,183,435$1,319,182$570,750$6,501,590
79$8,946,200$1,311,877$517,925$7,066,214
80$9,784,501$1,301,947$461,064$7,686,424
81$10,705,971$1,289,194$399,960$8,367,874
82$11,719,020$1,273,404$334,398$9,116,793
83$12,832,912$1,254,353$264,153$9,940,051
84$14,057,856$1,231,803$188,989$10,845,216
85$15,405,097$1,205,502$108,660$11,840,635
86$16,887,028$1,175,182$22,911$12,935,502
87$18,517,299$1,140,560$0$14,139,958
88$20,310,954$1,101,338$0$15,472,494
89$22,284,566$1,057,198$0$16,941,194
90$24,456,395$1,007,805$0$18,557,216
91$26,846,564$952,803$0$20,335,556
92$29,477,242$891,819$0$22,292,741
93$32,372,857$824,455$0$24,446,986
94$35,560,326$750,291$0$26,818,363
95$39,069,309$668,885$0$29,428,996
96$42,932,486$579,767$0$32,303,265
97$47,185,867$482,443$0$35,468,042
98$51,869,132$376,389$0$38,952,940
99$57,026,005$261,054$0$42,790,596
100$62,704,664$135,853$0$47,016,979