Can I retire at age 53 with 999,000?

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 $999,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$82,496$81,762$81,045$80,345$79,662$78,928
2 years$40,840$40,079$39,342$38,627$37,934$37,195
3 years$26,956$26,192$25,457$24,749$24,067$23,345
4 years$20,016$19,254$18,526$17,830$17,165$16,466
5 years$15,852$15,095$14,377$13,695$13,048$12,375
6 years$13,078$12,327$11,619$10,952$10,325$9,677
7 years$11,097$10,352$9,655$9,004$8,397$7,775
8 years$9,612$8,873$8,188$7,554$6,966$6,370
9 years$8,457$7,726$7,053$6,434$5,866$5,297
10 years$7,534$6,810$6,149$5,546$4,998$4,454
11 years$6,779$6,063$5,413$4,827$4,299$3,780
12 years$6,151$5,441$4,804$4,234$3,725$3,231
13 years$5,620$4,917$4,292$3,738$3,248$2,778
14 years$5,164$4,470$3,857$3,318$2,848$2,401
15 years$4,770$4,083$3,482$2,959$2,507$2,083
16 years$4,426$3,746$3,157$2,650$2,216$1,814
17 years$4,122$3,450$2,873$2,381$1,965$1,584
18 years$3,853$3,188$2,622$2,145$1,747$1,387
19 years$3,612$2,955$2,401$1,939$1,557$1,217
20 years$3,395$2,746$2,203$1,756$1,391$1,070
21 years$3,200$2,558$2,026$1,593$1,245$943
22 years$3,022$2,387$1,868$1,449$1,116$831
23 years$2,860$2,233$1,725$1,319$1,001$734
24 years$2,712$2,092$1,595$1,203$900$649
25 years$2,576$1,963$1,477$1,099$810$574
26 years$2,450$1,845$1,370$1,005$730$508
27 years$2,334$1,736$1,272$920$658$450
28 years$2,227$1,636$1,183$843$594$399
29 years$2,127$1,544$1,101$773$536$354
30 years$2,034$1,458$1,025$709$484$315
31 years$1,947$1,378$956$651$438$279
32 years$1,865$1,304$892$599$396$248
33 years$1,789$1,235$833$550$358$221
34 years$1,717$1,170$778$507$325$196
35 years$1,650$1,110$727$466$294$174
36 years$1,587$1,054$680$429$266$155
37 years$1,527$1,001$637$396$241$138
38 years$1,470$951$596$365$219$123
39 years$1,417$904$559$336$198$109
40 years$1,366$860$524$310$180$97
41 years$1,318$819$491$286$163$87
42 years$1,272$780$461$264$148$77
43 years$1,228$743$432$244$134$69
44 years$1,187$708$406$225$122$61
45 years$1,147$676$381$208$111$54
46 years$1,110$644$358$192$101$49
47 years$1,074$615$336$177$91$43
48 years$1,040$587$316$164$83$39
49 years$1,007$561$297$151$75$34
50 years$975$536$279$140$68$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $999,000, adding $5,485 every year, while hoping to spend $54,482 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: 74/14/12 Blend
52$999,000$999,000$999,000$999,000
53$1,106,556$1,053,609$1,038,124$1,185,367
54$1,161,456$1,047,267$1,014,933$1,231,824
55$1,220,130$1,038,789$989,139$1,275,385
56$1,282,905$1,028,012$960,597$1,321,617
57$1,350,141$1,014,763$929,156$1,370,769
58$1,422,231$998,862$894,658$1,423,116
59$1,499,606$980,114$856,937$1,478,961
60$1,582,741$958,315$815,820$1,538,640
61$1,672,157$933,249$771,126$1,602,523
62$1,768,425$904,686$722,666$1,671,018
63$1,872,171$872,382$670,243$1,744,578
64$1,984,086$836,082$613,649$1,823,701
65$2,104,926$795,514$552,670$1,908,938
66$2,235,523$750,389$487,079$2,000,898
67$2,376,792$700,403$416,642$2,100,252
68$2,529,738$645,236$341,112$2,207,743
69$2,695,465$584,547$260,234$2,324,190
70$2,875,189$517,976$173,738$2,450,499
71$3,070,246$445,144$81,345$2,587,668
72$3,282,104$365,649$0$2,736,801
73$3,512,381$279,068$0$2,901,325
74$3,762,854$184,953$0$3,091,635
75$4,035,481$82,831$0$3,298,831
76$4,332,413$0$0$3,524,594
77$4,656,019$0$0$3,775,062
78$5,008,907$0$0$4,062,147
79$5,393,945$0$0$4,375,429
80$5,814,293$0$0$4,717,482
81$6,273,426$0$0$5,091,141
82$6,775,172$0$0$5,499,527
83$7,323,744$0$0$5,946,074
84$7,923,783$0$0$6,434,565
85$8,580,395$0$0$6,969,165
86$9,299,206$0$0$7,554,460
87$10,086,410$0$0$8,195,500
88$10,948,827$0$0$8,897,846
89$11,893,969$0$0$9,667,623
90$12,930,108$0$0$10,511,576
91$14,066,357$0$0$11,437,136
92$15,312,751$0$0$12,452,483
93$16,680,343$0$0$13,566,633
94$18,181,309$0$0$14,789,511
95$19,829,060$0$0$16,132,054
96$21,638,369$0$0$17,606,308
97$23,625,510$0$0$19,225,542
98$25,808,411$0$0$21,004,375
99$28,206,820$0$0$22,958,911
100$30,842,494$0$0$25,106,890