Can I retire at age 53 with 952,000?

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 $952,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$78,615$77,915$77,232$76,565$75,914$74,749
2 years$38,918$38,194$37,491$36,810$36,149$34,978
3 years$25,688$24,960$24,259$23,585$22,935$21,794
4 years$19,074$18,348$17,655$16,991$16,357$15,256
5 years$15,107$14,385$13,701$13,051$12,434$11,376
6 years$12,463$11,747$11,072$10,437$9,839$8,824
7 years$10,575$9,865$9,201$8,581$8,002$7,031
8 years$9,159$8,456$7,803$7,198$6,638$5,711
9 years$8,059$7,362$6,721$6,131$5,590$4,707
10 years$7,180$6,490$5,859$5,285$4,763$3,922
11 years$6,460$5,777$5,159$4,600$4,097$3,298
12 years$5,862$5,185$4,578$4,035$3,550$2,792
13 years$5,355$4,686$4,090$3,562$3,096$2,377
14 years$4,921$4,260$3,675$3,162$2,714$2,034
15 years$4,546$3,891$3,318$2,820$2,389$1,747
16 years$4,218$3,570$3,008$2,525$2,112$1,506
17 years$3,928$3,288$2,737$2,269$1,872$1,301
18 years$3,671$3,038$2,499$2,044$1,665$1,127
19 years$3,442$2,816$2,288$1,847$1,484$978
20 years$3,236$2,617$2,100$1,673$1,325$851
21 years$3,049$2,437$1,931$1,518$1,186$741
22 years$2,880$2,275$1,780$1,381$1,063$646
23 years$2,725$2,128$1,643$1,257$954$564
24 years$2,584$1,994$1,520$1,147$858$493
25 years$2,454$1,871$1,408$1,047$772$431
26 years$2,335$1,758$1,306$958$695$377
27 years$2,224$1,655$1,212$877$627$330
28 years$2,122$1,559$1,127$803$566$289
29 years$2,027$1,471$1,049$736$511$253
30 years$1,938$1,389$977$676$461$222
31 years$1,855$1,313$911$621$417$195
32 years$1,778$1,243$850$570$377$171
33 years$1,705$1,177$793$525$342$150
34 years$1,637$1,115$741$483$309$132
35 years$1,572$1,058$693$444$280$116
36 years$1,512$1,004$648$409$254$102
37 years$1,455$954$607$377$230$89
38 years$1,401$906$568$348$209$78
39 years$1,350$862$532$320$189$69
40 years$1,302$820$499$296$172$61
41 years$1,256$781$468$273$156$53
42 years$1,212$743$439$252$141$47
43 years$1,171$708$412$232$128$41
44 years$1,131$675$387$214$116$36
45 years$1,094$644$363$198$106$32
46 years$1,058$614$341$183$96$28
47 years$1,023$586$320$169$87$25
48 years$991$559$301$156$79$22
49 years$959$534$283$144$72$19
50 years$929$510$266$133$65$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $952,000, adding $3,707 every year, while hoping to spend $20,073 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: 81/13/6 Blend
52$952,000$952,000$952,000$952,000
53$1,052,928$1,002,472$987,716$1,137,472
54$1,138,969$1,030,235$999,447$1,221,079
55$1,233,113$1,058,687$1,010,898$1,309,765
56$1,336,167$1,087,838$1,022,039$1,406,482
57$1,449,016$1,117,702$1,032,837$1,512,021
58$1,572,637$1,148,291$1,043,259$1,627,252
59$1,708,106$1,179,617$1,053,268$1,753,137
60$1,856,607$1,211,693$1,062,827$1,890,730
61$2,019,445$1,244,530$1,071,895$2,041,197
62$2,198,056$1,278,140$1,080,432$2,205,818
63$2,394,024$1,312,535$1,088,392$2,386,005
64$2,609,091$1,347,725$1,095,730$2,583,313
65$2,845,178$1,383,723$1,102,396$2,799,454
66$3,104,399$1,420,538$1,108,339$3,036,315
67$3,389,084$1,458,182$1,113,505$3,295,973
68$3,701,800$1,496,662$1,117,838$3,580,718
69$4,045,375$1,535,990$1,121,277$3,893,071
70$4,422,924$1,576,174$1,123,759$4,235,810
71$4,837,877$1,617,221$1,125,220$4,611,994
72$5,294,016$1,659,140$1,125,591$5,024,996
73$5,795,505$1,701,938$1,124,797$5,478,529
74$6,346,933$1,745,620$1,122,765$5,976,686
75$6,953,356$1,790,191$1,119,413$6,523,976
76$7,620,344$1,835,656$1,114,659$7,125,365
77$8,354,033$1,882,017$1,108,415$7,786,327
78$9,161,186$1,929,277$1,100,588$8,512,892
79$10,049,253$1,977,437$1,091,083$9,311,705
80$11,026,441$2,026,496$1,079,799$10,190,086
81$12,101,795$2,076,452$1,066,629$11,156,102
82$13,285,282$2,127,301$1,051,465$12,218,641
83$14,587,881$2,179,039$1,034,189$13,387,497
84$16,021,691$2,231,659$1,014,681$14,673,461
85$17,600,044$2,285,150$992,813$16,088,425
86$19,337,629$2,339,504$968,453$17,645,490
87$21,250,633$2,394,705$941,462$19,359,095
88$23,356,892$2,450,740$911,695$21,245,149
89$25,676,057$2,507,588$878,999$23,321,183
90$28,229,786$2,565,231$843,217$25,606,516
91$31,041,940$2,623,643$804,180$28,122,433
92$34,138,814$2,682,798$761,717$30,892,391
93$37,549,384$2,742,666$715,645$33,942,240
94$41,305,576$2,803,211$665,774$37,300,462
95$45,442,574$2,864,398$611,906$40,998,444
96$49,999,146$2,926,183$553,835$45,070,774
97$55,018,013$2,988,521$491,343$49,555,567
98$60,546,253$3,051,360$424,205$54,494,822
99$66,635,739$3,114,645$352,184$59,934,823
100$73,343,636$3,178,315$275,034$65,926,573