Can I retire at age 53 with 953,000?

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 $953,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$78,698$77,997$77,313$76,645$75,994$74,642
2 years$38,959$38,234$37,531$36,849$36,187$34,831
3 years$25,715$24,986$24,285$23,609$22,959$21,639
4 years$19,094$18,367$17,673$17,009$16,374$15,102
5 years$15,122$14,400$13,715$13,065$12,448$11,225
6 years$12,476$11,759$11,084$10,448$9,849$8,679
7 years$10,586$9,875$9,211$8,590$8,010$6,892
8 years$9,169$8,465$7,811$7,206$6,645$5,579
9 years$8,068$7,370$6,728$6,138$5,596$4,581
10 years$7,187$6,496$5,866$5,291$4,768$3,804
11 years$6,467$5,783$5,164$4,605$4,101$3,186
12 years$5,868$5,191$4,583$4,039$3,554$2,687
13 years$5,361$4,691$4,095$3,566$3,099$2,279
14 years$4,927$4,264$3,679$3,165$2,716$1,942
15 years$4,551$3,895$3,322$2,823$2,392$1,661
16 years$4,222$3,574$3,012$2,528$2,114$1,426
17 years$3,933$3,291$2,740$2,271$1,874$1,227
18 years$3,675$3,041$2,502$2,047$1,667$1,058
19 years$3,446$2,819$2,290$1,849$1,485$914
20 years$3,239$2,619$2,102$1,675$1,327$792
21 years$3,052$2,440$1,933$1,520$1,187$686
22 years$2,883$2,277$1,782$1,382$1,064$596
23 years$2,728$2,130$1,645$1,259$955$517
24 years$2,587$1,996$1,521$1,148$859$450
25 years$2,457$1,873$1,409$1,048$773$392
26 years$2,337$1,760$1,307$959$696$341
27 years$2,227$1,657$1,214$877$628$297
28 years$2,124$1,561$1,128$804$566$259
29 years$2,029$1,473$1,050$737$511$226
30 years$1,940$1,391$978$677$462$197
31 years$1,857$1,315$912$621$418$172
32 years$1,779$1,244$851$571$378$150
33 years$1,707$1,178$794$525$342$131
34 years$1,638$1,117$742$483$310$115
35 years$1,574$1,059$694$445$280$100
36 years$1,514$1,005$649$410$254$88
37 years$1,456$955$607$377$230$77
38 years$1,402$907$569$348$209$67
39 years$1,351$863$533$321$189$58
40 years$1,303$821$500$296$172$51
41 years$1,257$781$468$273$156$45
42 years$1,213$744$439$252$141$39
43 years$1,172$709$412$233$128$34
44 years$1,132$676$387$215$116$30
45 years$1,095$644$363$198$106$26
46 years$1,059$615$341$183$96$23
47 years$1,024$587$321$169$87$20
48 years$992$560$301$156$79$17
49 years$960$535$283$145$72$15
50 years$930$511$266$134$65$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $953,000, adding $5,295 every year, while hoping to spend $42,524 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: 66/21/13 Blend
52$953,000$953,000$953,000$953,000
53$1,055,668$1,005,159$990,387$1,121,851
54$1,118,101$1,009,166$978,320$1,170,677
55$1,185,477$1,011,945$964,423$1,218,543
56$1,258,255$1,013,390$948,591$1,269,787
57$1,336,940$1,013,389$930,712$1,324,738
58$1,422,086$1,011,824$910,669$1,383,758
59$1,514,304$1,008,569$888,342$1,447,245
60$1,614,265$1,003,490$863,603$1,515,642
61$1,722,704$996,445$836,318$1,589,435
62$1,840,433$987,284$806,348$1,669,162
63$1,968,344$975,848$773,548$1,755,418
64$2,107,418$961,968$737,764$1,848,859
65$2,258,735$945,463$698,839$1,950,208
66$2,423,480$926,146$656,605$2,060,265
67$2,602,962$903,814$610,888$2,179,914
68$2,798,618$878,255$561,507$2,310,128
69$3,012,031$849,243$508,271$2,451,984
70$3,244,943$816,540$450,982$2,606,670
71$3,499,270$779,894$389,434$2,775,498
72$3,777,124$739,038$323,408$2,959,913
73$4,080,829$693,689$252,681$3,161,515
74$4,412,942$643,548$177,014$3,382,067
75$4,776,281$588,301$96,163$3,623,515
76$5,173,947$527,612$9,869$3,888,006
77$5,609,355$461,131$0$4,177,911
78$6,086,266$388,483$0$4,507,252
79$6,608,821$309,275$0$4,869,711
80$7,181,583$223,091$0$5,267,145
81$7,809,574$129,493$0$5,703,109
82$8,498,328$28,015$0$6,181,526
83$9,253,938$0$0$6,706,721
84$10,083,117$0$0$7,302,370
85$10,993,258$0$0$7,963,349
86$11,992,507$0$0$8,689,106
87$13,089,833$0$0$9,486,165
88$14,295,121$0$0$10,361,713
89$15,619,257$0$0$11,323,668
90$17,074,235$0$0$12,380,752
91$18,673,268$0$0$13,542,573
92$20,430,912$0$0$14,819,719
93$22,363,204$0$0$16,223,851
94$24,487,813$0$0$17,767,819
95$26,824,205$0$0$19,465,779
96$29,393,825$0$0$21,333,329
97$32,220,303$0$0$23,387,654
98$35,329,674$0$0$25,647,687
99$38,750,622$0$0$28,134,289
100$42,514,752$0$0$30,870,448