Can I retire at age 53 with 955,000?

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 $955,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$78,863$78,161$77,475$76,806$76,153$74,555
2 years$39,041$38,314$37,609$36,926$36,263$34,660
3 years$25,769$25,039$24,336$23,659$23,007$21,450
4 years$19,134$18,406$17,710$17,045$16,409$14,909
5 years$15,154$14,431$13,744$13,092$12,474$11,036
6 years$12,502$11,784$11,107$10,470$9,870$8,495
7 years$10,608$9,896$9,230$8,608$8,027$6,716
8 years$9,188$8,483$7,828$7,221$6,659$5,411
9 years$8,085$7,386$6,742$6,151$5,608$4,423
10 years$7,202$6,510$5,878$5,302$4,778$3,654
11 years$6,481$5,796$5,175$4,614$4,109$3,045
12 years$5,880$5,202$4,592$4,047$3,561$2,555
13 years$5,372$4,701$4,103$3,573$3,105$2,156
14 years$4,937$4,273$3,687$3,172$2,722$1,827
15 years$4,560$3,903$3,329$2,829$2,397$1,554
16 years$4,231$3,581$3,018$2,533$2,118$1,326
17 years$3,941$3,298$2,746$2,276$1,878$1,135
18 years$3,683$3,048$2,507$2,051$1,670$973
19 years$3,453$2,825$2,295$1,853$1,489$836
20 years$3,246$2,625$2,106$1,678$1,330$719
21 years$3,059$2,445$1,937$1,523$1,190$620
22 years$2,889$2,282$1,785$1,385$1,067$534
23 years$2,734$2,134$1,649$1,261$957$461
24 years$2,592$2,000$1,525$1,150$861$399
25 years$2,462$1,877$1,412$1,051$774$345
26 years$2,342$1,764$1,310$961$697$298
27 years$2,231$1,660$1,216$879$629$258
28 years$2,128$1,564$1,131$806$567$224
29 years$2,033$1,476$1,052$739$512$194
30 years$1,944$1,394$980$678$463$168
31 years$1,861$1,317$914$623$419$146
32 years$1,783$1,247$852$572$379$126
33 years$1,710$1,181$796$526$343$110
34 years$1,642$1,119$744$484$310$95
35 years$1,577$1,061$695$446$281$83
36 years$1,517$1,007$650$411$255$72
37 years$1,460$957$609$378$231$62
38 years$1,405$909$570$349$209$54
39 years$1,354$865$534$321$190$47
40 years$1,306$823$501$296$172$41
41 years$1,260$783$469$274$156$35
42 years$1,216$746$440$252$142$31
43 years$1,174$710$413$233$129$27
44 years$1,135$677$388$215$117$23
45 years$1,097$646$364$199$106$20
46 years$1,061$616$342$184$96$17
47 years$1,027$588$321$170$87$15
48 years$994$561$302$157$79$13
49 years$962$536$284$145$72$11
50 years$932$512$267$134$65$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $955,000, adding $4,967 every year, while hoping to spend $36,220 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: 71/22/7 Blend
52$955,000$955,000$955,000$955,000
53$1,057,533$1,006,918$992,116$1,131,148
54$1,126,864$1,017,720$986,814$1,191,238
55$1,202,052$1,027,836$980,121$1,252,021
56$1,283,658$1,037,196$971,951$1,317,547
57$1,372,295$1,045,723$962,216$1,388,273
58$1,468,642$1,053,336$950,822$1,464,703
59$1,573,441$1,059,947$937,672$1,547,392
60$1,687,512$1,065,465$922,665$1,636,953
61$1,811,757$1,069,791$905,692$1,734,059
62$1,947,166$1,072,820$886,642$1,839,456
63$2,094,831$1,074,443$865,399$1,953,963
64$2,255,953$1,074,539$841,839$2,078,483
65$2,431,854$1,072,986$815,834$2,214,013
66$2,623,989$1,069,648$787,251$2,361,652
67$2,833,961$1,064,386$755,949$2,522,610
68$3,063,533$1,057,050$721,782$2,698,222
69$3,314,648$1,047,479$684,596$2,889,961
70$3,589,443$1,035,507$644,231$3,099,449
71$3,890,274$1,020,954$600,520$3,328,474
72$4,219,733$1,003,632$553,289$3,579,011
73$4,580,675$983,339$502,353$3,853,232
74$4,976,244$959,864$447,523$4,153,537
75$5,409,905$932,980$388,598$4,482,567
76$5,885,471$902,452$325,372$4,843,239
77$6,407,142$868,025$257,625$5,238,765
78$6,979,547$829,435$185,132$5,672,687
79$7,607,781$786,398$107,654$6,148,912
80$8,297,460$738,616$24,946$6,671,745
81$9,054,767$685,774$0$7,245,934
82$9,886,514$627,539$0$7,881,442
83$10,800,207$563,556$0$8,581,606
84$11,804,113$493,455$0$9,350,943
85$12,907,338$416,841$0$10,196,489
86$14,119,918$333,297$0$11,125,997
87$15,452,906$242,385$0$12,148,016
88$16,918,481$143,640$0$13,271,967
89$18,530,060$36,572$0$14,508,236
90$20,302,425$0$0$15,868,268
91$22,251,864$0$0$17,383,887
92$24,396,321$0$0$19,060,922
93$26,755,568$0$0$20,905,985
94$29,351,390$0$0$22,936,123
95$32,207,788$0$0$25,170,112
96$35,351,209$0$0$27,628,646
97$38,810,793$0$0$30,334,522
98$42,618,648$0$0$33,312,861
99$46,810,153$0$0$36,591,345
100$51,424,289$0$0$40,200,471