Can I retire at age 53 with 957,000?

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 $957,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$79,028$78,324$77,637$76,967$76,313$75,959
2 years$39,123$38,394$37,688$37,003$36,339$35,982
3 years$25,823$25,091$24,387$23,708$23,055$22,706
4 years$19,174$18,445$17,747$17,081$16,443$16,104
5 years$15,186$14,461$13,773$13,120$12,500$12,173
6 years$12,528$11,808$11,130$10,492$9,891$9,575
7 years$10,630$9,917$9,249$8,626$8,044$7,740
8 years$9,208$8,500$7,844$7,236$6,673$6,382
9 years$8,102$7,401$6,756$6,164$5,620$5,340
10 years$7,217$6,524$5,890$5,313$4,788$4,521
11 years$6,494$5,808$5,186$4,624$4,118$3,862
12 years$5,892$5,213$4,602$4,056$3,569$3,324
13 years$5,383$4,711$4,112$3,581$3,112$2,879
14 years$4,947$4,282$3,694$3,178$2,728$2,506
15 years$4,570$3,912$3,336$2,835$2,402$2,190
16 years$4,240$3,589$3,024$2,538$2,123$1,921
17 years$3,949$3,305$2,752$2,280$1,882$1,691
18 years$3,691$3,054$2,512$2,055$1,674$1,492
19 years$3,460$2,831$2,300$1,857$1,492$1,320
20 years$3,253$2,630$2,111$1,682$1,332$1,170
21 years$3,065$2,450$1,941$1,526$1,192$1,038
22 years$2,895$2,287$1,789$1,388$1,069$923
23 years$2,740$2,139$1,652$1,264$959$822
24 years$2,598$2,004$1,528$1,153$862$733
25 years$2,467$1,881$1,415$1,053$776$654
26 years$2,347$1,768$1,312$963$699$584
27 years$2,236$1,663$1,219$881$630$522
28 years$2,133$1,568$1,133$807$569$467
29 years$2,037$1,479$1,054$740$513$418
30 years$1,948$1,397$982$679$464$374
31 years$1,865$1,320$916$624$419$336
32 years$1,787$1,249$854$573$379$301
33 years$1,714$1,183$798$527$343$270
34 years$1,645$1,121$745$485$311$242
35 years$1,581$1,063$697$447$282$217
36 years$1,520$1,009$652$411$255$195
37 years$1,463$959$610$379$231$175
38 years$1,408$911$571$349$210$157
39 years$1,357$866$535$322$190$141
40 years$1,308$824$502$297$172$127
41 years$1,262$785$470$274$156$114
42 years$1,218$747$441$253$142$103
43 years$1,177$712$414$234$129$92
44 years$1,137$679$389$216$117$83
45 years$1,099$647$365$199$106$75
46 years$1,063$617$343$184$96$67
47 years$1,029$589$322$170$88$60
48 years$996$562$303$157$79$54
49 years$964$537$284$145$72$49
50 years$934$513$267$134$66$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $957,000, adding $4,794 every year, while hoping to spend $25,232 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: 62/16/22 Blend
52$957,000$957,000$957,000$957,000
53$1,059,559$1,008,838$994,005$1,118,875
54$1,140,787$1,031,424$1,000,457$1,182,126
55$1,229,455$1,054,272$1,006,280$1,247,932
56$1,326,295$1,077,367$1,011,426$1,319,212
57$1,432,113$1,100,693$1,015,844$1,396,501
58$1,547,796$1,124,235$1,019,482$1,480,392
59$1,674,321$1,147,972$1,022,285$1,571,535
60$1,812,764$1,171,885$1,024,194$1,670,650
61$1,964,310$1,195,952$1,025,149$1,778,529
62$2,130,263$1,220,147$1,025,084$1,896,043
63$2,312,059$1,244,443$1,023,934$2,024,155
64$2,511,281$1,268,812$1,021,627$2,163,924
65$2,729,670$1,293,222$1,018,090$2,316,520
66$2,969,145$1,317,639$1,013,245$2,483,228
67$3,231,820$1,342,025$1,007,010$2,665,470
68$3,520,022$1,366,341$999,302$2,864,809
69$3,836,314$1,390,542$990,029$3,082,969
70$4,183,523$1,414,583$979,099$3,321,851
71$4,564,757$1,438,412$966,414$3,583,550
72$4,983,445$1,461,977$951,871$3,870,375
73$5,443,360$1,485,218$935,363$4,184,871
74$5,948,663$1,508,074$916,778$4,529,844
75$6,503,934$1,530,477$895,997$4,908,386
76$7,114,221$1,552,356$872,899$5,323,906
77$7,785,084$1,573,634$847,353$5,780,160
78$8,522,649$1,594,228$819,226$6,281,291
79$9,333,666$1,614,052$788,377$6,831,863
80$10,225,570$1,633,011$754,657$7,436,907
81$11,206,554$1,651,004$717,915$8,101,969
82$12,285,645$1,667,926$677,987$8,833,162
83$13,472,788$1,683,661$634,707$9,637,223
84$14,778,940$1,698,089$587,897$10,521,581
85$16,216,176$1,711,079$537,376$11,494,419
86$17,797,798$1,722,494$482,950$12,564,761
87$19,538,464$1,732,187$424,420$13,742,552
88$21,454,325$1,740,001$361,575$15,038,752
89$23,563,176$1,745,771$294,198$16,465,442
90$25,884,626$1,749,320$222,059$18,035,940
91$28,440,281$1,750,460$144,921$19,764,920
92$31,253,948$1,748,991$62,535$21,668,561
93$34,351,862$1,744,703$0$23,764,691
94$37,762,928$1,737,369$0$26,078,920
95$41,518,999$1,726,753$0$28,643,000
96$45,655,173$1,712,600$0$31,466,175
97$50,210,126$1,694,642$0$34,574,824
98$55,226,475$1,672,596$0$37,998,016
99$60,751,181$1,646,159$0$41,767,786
100$66,835,993$1,615,012$0$45,919,437