Can I retire at age 53 with 963,000?

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 $963,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$79,524$78,815$78,124$77,450$76,791$74,572
2 years$39,368$38,635$37,924$37,235$36,567$34,349
3 years$25,985$25,248$24,540$23,857$23,200$21,052
4 years$19,294$18,560$17,859$17,188$16,546$14,486
5 years$15,281$14,551$13,859$13,202$12,578$10,610
6 years$12,607$11,882$11,200$10,558$9,953$8,079
7 years$10,697$9,979$9,307$8,680$8,094$6,315
8 years$9,265$8,554$7,893$7,281$6,715$5,029
9 years$8,152$7,447$6,799$6,202$5,655$4,061
10 years$7,263$6,565$5,927$5,346$4,818$3,314
11 years$6,535$5,844$5,218$4,653$4,144$2,726
12 years$5,929$5,245$4,631$4,081$3,591$2,258
13 years$5,417$4,740$4,137$3,603$3,131$1,880
14 years$4,978$4,309$3,718$3,198$2,745$1,571
15 years$4,598$3,936$3,356$2,852$2,417$1,318
16 years$4,266$3,611$3,043$2,554$2,136$1,109
17 years$3,974$3,326$2,769$2,295$1,894$935
18 years$3,714$3,073$2,528$2,068$1,684$790
19 years$3,482$2,848$2,314$1,869$1,501$669
20 years$3,273$2,647$2,124$1,692$1,341$567
21 years$3,084$2,465$1,953$1,536$1,200$481
22 years$2,913$2,301$1,800$1,397$1,075$408
23 years$2,757$2,152$1,662$1,272$965$347
24 years$2,614$2,017$1,537$1,160$868$295
25 years$2,483$1,893$1,424$1,059$781$251
26 years$2,362$1,779$1,321$969$703$214
27 years$2,250$1,674$1,226$887$634$182
28 years$2,146$1,577$1,140$812$572$155
29 years$2,050$1,488$1,061$745$517$132
30 years$1,960$1,405$988$684$467$113
31 years$1,876$1,328$921$628$422$96
32 years$1,798$1,257$860$577$382$82
33 years$1,725$1,190$803$531$346$70
34 years$1,656$1,128$750$488$313$60
35 years$1,591$1,070$701$449$283$51
36 years$1,529$1,016$656$414$257$44
37 years$1,472$965$614$381$233$37
38 years$1,417$917$575$352$211$32
39 years$1,366$872$539$324$191$27
40 years$1,317$829$505$299$174$23
41 years$1,270$790$473$276$157$20
42 years$1,226$752$444$255$143$17
43 years$1,184$716$417$235$130$14
44 years$1,144$683$391$217$118$12
45 years$1,106$651$367$200$107$10
46 years$1,070$621$345$185$97$9
47 years$1,035$593$324$171$88$8
48 years$1,002$566$305$158$80$7
49 years$971$540$286$146$73$6
50 years$940$516$269$135$66$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $963,000, adding $2,911 every year, while hoping to spend $59,905 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: 48/44/8 Blend
52$963,000$963,000$963,000$963,000
53$1,064,229$1,013,190$998,263$1,112,899
54$1,109,042$999,098$967,967$1,132,479
55$1,156,418$982,307$934,647$1,147,182
56$1,206,555$962,623$898,141$1,161,750
57$1,259,670$939,838$858,275$1,176,189
58$1,315,999$913,733$814,870$1,190,509
59$1,375,801$884,076$767,738$1,204,723
60$1,439,359$850,621$716,683$1,218,851
61$1,506,980$813,109$661,499$1,232,921
62$1,579,005$771,264$601,972$1,246,965
63$1,655,803$724,795$537,877$1,261,029
64$1,737,780$673,395$468,981$1,275,166
65$1,825,381$616,739$395,040$1,289,440
66$1,919,093$554,482$315,797$1,303,930
67$2,019,451$486,262$230,986$1,318,728
68$2,127,040$411,695$140,330$1,333,946
69$2,242,504$330,374$43,537$1,349,711
70$2,366,549$241,871$0$1,366,175
71$2,499,948$145,734$0$1,388,614
72$2,643,552$41,485$0$1,416,425
73$2,798,296$0$0$1,446,150
74$2,965,203$0$0$1,512,647
75$3,145,402$0$0$1,606,206
76$3,340,130$0$0$1,707,396
77$3,550,749$0$0$1,816,933
78$3,778,753$0$0$1,935,608
79$4,025,787$0$0$2,064,289
80$4,293,658$0$0$2,203,929
81$4,584,356$0$0$2,355,578
82$4,900,067$0$0$2,520,391
83$5,243,195$0$0$2,699,639
84$5,616,387$0$0$2,894,718
85$6,022,554$0$0$3,107,166
86$6,464,899$0$0$3,338,675
87$6,946,946$0$0$3,591,107
88$7,472,575$0$0$3,866,512
89$8,046,055$0$0$4,167,145
90$8,672,085$0$0$4,495,490
91$9,355,837$0$0$4,854,279
92$10,103,008$0$0$5,246,523
93$10,919,865$0$0$5,675,535
94$11,813,312$0$0$6,144,962
95$12,790,949$0$0$6,658,823
96$13,861,144$0$0$7,221,540
97$15,033,112$0$0$7,837,986
98$16,317,003$0$0$8,513,524
99$17,723,991$0$0$9,254,062
100$19,266,386$0$0$10,066,109