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%19.8%
1 years$82,496$81,762$81,045$80,345$79,662$76,531
2 years$40,840$40,079$39,342$38,627$37,934$34,819
3 years$26,956$26,192$25,457$24,749$24,067$21,064
4 years$20,016$19,254$18,526$17,830$17,165$14,298
5 years$15,852$15,095$14,377$13,695$13,048$10,325
6 years$13,078$12,327$11,619$10,952$10,325$7,746
7 years$11,097$10,352$9,655$9,004$8,397$5,962
8 years$9,612$8,873$8,188$7,554$6,966$4,673
9 years$8,457$7,726$7,053$6,434$5,866$3,711
10 years$7,534$6,810$6,149$5,546$4,998$2,977
11 years$6,779$6,063$5,413$4,827$4,299$2,407
12 years$6,151$5,441$4,804$4,234$3,725$1,958
13 years$5,620$4,917$4,292$3,738$3,248$1,600
14 years$5,164$4,470$3,857$3,318$2,848$1,313
15 years$4,770$4,083$3,482$2,959$2,507$1,080
16 years$4,426$3,746$3,157$2,650$2,216$891
17 years$4,122$3,450$2,873$2,381$1,965$737
18 years$3,853$3,188$2,622$2,145$1,747$610
19 years$3,612$2,955$2,401$1,939$1,557$506
20 years$3,395$2,746$2,203$1,756$1,391$420
21 years$3,200$2,558$2,026$1,593$1,245$349
22 years$3,022$2,387$1,868$1,449$1,116$290
23 years$2,860$2,233$1,725$1,319$1,001$241
24 years$2,712$2,092$1,595$1,203$900$201
25 years$2,576$1,963$1,477$1,099$810$167
26 years$2,450$1,845$1,370$1,005$730$140
27 years$2,334$1,736$1,272$920$658$116
28 years$2,227$1,636$1,183$843$594$97
29 years$2,127$1,544$1,101$773$536$81
30 years$2,034$1,458$1,025$709$484$67
31 years$1,947$1,378$956$651$438$56
32 years$1,865$1,304$892$599$396$47
33 years$1,789$1,235$833$550$358$39
34 years$1,717$1,170$778$507$325$33
35 years$1,650$1,110$727$466$294$27
36 years$1,587$1,054$680$429$266$23
37 years$1,527$1,001$637$396$241$19
38 years$1,470$951$596$365$219$16
39 years$1,417$904$559$336$198$13
40 years$1,366$860$524$310$180$11
41 years$1,318$819$491$286$163$9
42 years$1,272$780$461$264$148$8
43 years$1,228$743$432$244$134$6
44 years$1,187$708$406$225$122$5
45 years$1,147$676$381$208$111$4
46 years$1,110$644$358$192$101$4
47 years$1,074$615$336$177$91$3
48 years$1,040$587$316$164$83$3
49 years$1,007$561$297$151$75$2
50 years$975$536$279$140$68$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $999,000, adding $2,116 every year, while hoping to spend $25,123 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: 54/40/6 Blend
52$999,000$999,000$999,000$999,000
53$1,103,081$1,050,134$1,034,649$1,161,049
54$1,188,864$1,074,860$1,042,579$1,225,181
55$1,282,556$1,099,955$1,049,933$1,291,985
56$1,384,935$1,125,412$1,056,664$1,364,075
57$1,496,861$1,151,220$1,062,726$1,441,953
58$1,619,280$1,177,368$1,068,066$1,526,176
59$1,753,232$1,203,845$1,072,631$1,617,354
60$1,899,864$1,230,635$1,076,367$1,716,160
61$2,060,438$1,257,724$1,079,213$1,823,336
62$2,236,345$1,285,095$1,081,109$1,939,697
63$2,429,115$1,312,727$1,081,988$2,066,142
64$2,640,434$1,340,600$1,081,785$2,203,662
65$2,872,159$1,368,691$1,080,426$2,353,348
66$3,126,337$1,396,974$1,077,837$2,516,402
67$3,405,219$1,425,421$1,073,940$2,694,147
68$3,711,286$1,454,002$1,068,652$2,888,043
69$4,047,273$1,482,684$1,061,888$3,099,697
70$4,416,189$1,511,430$1,053,555$3,330,880
71$4,821,352$1,540,201$1,043,561$3,583,543
72$5,266,415$1,568,956$1,031,806$3,859,837
73$5,755,403$1,597,649$1,018,185$4,162,132
74$6,292,750$1,626,229$1,002,589$4,493,038
75$6,883,340$1,654,644$984,906$4,855,433
76$7,532,556$1,682,837$965,015$5,252,488
77$8,246,325$1,710,745$942,792$5,687,698
78$9,031,181$1,738,302$918,107$6,164,914
79$9,894,320$1,765,437$890,821$6,688,380
80$10,843,670$1,792,073$860,794$7,262,775
81$11,887,969$1,818,129$827,874$7,893,252
82$13,036,840$1,843,516$791,907$8,585,493
83$14,300,890$1,868,140$752,728$9,345,761
84$15,691,803$1,891,901$710,166$10,180,955
85$17,222,454$1,914,692$664,044$11,098,682
86$18,907,030$1,936,397$614,175$12,107,323
87$20,761,160$1,956,894$560,363$13,216,116
88$22,802,068$1,976,052$502,406$14,435,245
89$25,048,733$1,993,731$440,089$15,775,929
90$27,522,064$2,009,784$373,192$17,250,538
91$30,245,103$2,024,052$301,483$18,872,701
92$33,243,239$2,036,367$224,718$20,657,442
93$36,544,449$2,046,548$142,646$22,621,319
94$40,179,560$2,054,406$55,002$24,782,580
95$44,182,541$2,059,738$0$27,161,337
96$48,590,823$2,062,328$0$29,782,223
97$53,445,652$2,061,947$0$32,671,121
98$58,792,478$2,058,353$0$35,851,449
99$64,681,385$2,051,286$0$39,352,903
100$71,167,561$2,040,474$0$43,208,209