Can I retire at age 53 with 964,000?

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 $964,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$79,606$78,897$78,205$77,530$76,871$74,351
2 years$39,409$38,675$37,964$37,274$36,605$34,090
3 years$26,012$25,275$24,565$23,882$23,224$20,793
4 years$19,314$18,579$17,877$17,206$16,563$14,235
5 years$15,297$14,567$13,873$13,215$12,591$10,372
6 years$12,620$11,895$11,212$10,569$9,963$7,855
7 years$10,708$9,989$9,317$8,689$8,103$6,105
8 years$9,275$8,563$7,902$7,289$6,722$4,833
9 years$8,161$7,455$6,806$6,209$5,661$3,879
10 years$7,270$6,571$5,933$5,352$4,823$3,145
11 years$6,542$5,850$5,224$4,658$4,148$2,571
12 years$5,935$5,251$4,636$4,085$3,595$2,115
13 years$5,423$4,745$4,142$3,607$3,135$1,749
14 years$4,984$4,313$3,721$3,202$2,748$1,452
15 years$4,603$3,940$3,360$2,855$2,419$1,209
16 years$4,271$3,615$3,046$2,557$2,138$1,010
17 years$3,978$3,329$2,772$2,297$1,896$846
18 years$3,718$3,076$2,530$2,070$1,686$709
19 years$3,485$2,851$2,317$1,871$1,503$596
20 years$3,276$2,650$2,126$1,694$1,342$501
21 years$3,088$2,468$1,955$1,538$1,201$422
22 years$2,916$2,304$1,802$1,398$1,077$355
23 years$2,760$2,155$1,664$1,273$966$300
24 years$2,617$2,019$1,539$1,161$869$253
25 years$2,485$1,894$1,425$1,061$782$214
26 years$2,364$1,781$1,322$970$704$180
27 years$2,252$1,676$1,228$888$635$152
28 years$2,149$1,579$1,141$813$573$129
29 years$2,052$1,490$1,062$746$517$109
30 years$1,962$1,407$989$684$467$92
31 years$1,878$1,330$922$629$422$78
32 years$1,800$1,258$860$578$382$66
33 years$1,726$1,192$803$531$346$56
34 years$1,657$1,129$751$489$313$47
35 years$1,592$1,071$702$450$284$40
36 years$1,531$1,017$657$414$257$34
37 years$1,473$966$614$382$233$29
38 years$1,419$918$575$352$211$24
39 years$1,367$873$539$324$191$21
40 years$1,318$830$505$299$174$17
41 years$1,271$790$474$276$158$15
42 years$1,227$753$444$255$143$12
43 years$1,185$717$417$235$130$11
44 years$1,145$684$392$217$118$9
45 years$1,107$652$368$201$107$8
46 years$1,071$622$345$185$97$6
47 years$1,036$593$324$171$88$5
48 years$1,003$567$305$158$80$5
49 years$972$541$287$146$73$4
50 years$941$517$269$135$66$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $964,000, adding $6,203 every year, while hoping to spend $40,637 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: 60/27/13 Blend
52$964,000$964,000$964,000$964,000
53$1,068,726$1,017,634$1,002,692$1,129,079
54$1,134,499$1,024,261$993,045$1,177,059
55$1,205,619$1,029,850$981,713$1,224,251
56$1,282,587$1,034,309$968,596$1,274,754
57$1,365,958$1,037,536$953,590$1,328,891
58$1,456,337$1,039,427$936,587$1,387,019
59$1,554,393$1,039,869$917,473$1,449,532
60$1,660,861$1,038,742$896,128$1,516,867
61$1,776,548$1,035,920$872,427$1,589,504
62$1,902,342$1,031,266$846,240$1,667,977
63$2,039,223$1,024,640$817,430$1,752,872
64$2,188,264$1,015,888$785,855$1,844,839
65$2,350,650$1,004,850$751,364$1,944,595
66$2,527,684$991,355$713,803$2,052,932
67$2,720,800$975,223$673,007$2,170,725
68$2,931,575$956,262$628,806$2,298,941
69$3,161,746$934,270$581,022$2,438,647
70$3,413,226$909,031$529,468$2,591,022
71$3,688,121$880,319$473,950$2,757,367
72$3,988,746$847,892$414,265$2,939,119
73$4,317,656$811,496$350,200$3,137,866
74$4,677,659$770,862$281,534$3,355,359
75$5,071,850$725,703$208,035$3,593,532
76$5,503,635$675,720$129,462$3,854,521
77$5,976,769$620,593$45,561$4,140,683
78$6,495,383$559,985$0$4,454,620
79$7,064,028$493,541$0$4,805,304
80$7,687,717$420,883$0$5,196,944
81$8,371,973$341,615$0$5,626,753
82$9,122,876$255,315$0$6,098,633
83$9,947,125$161,542$0$6,616,886
84$10,852,100$59,825$0$7,186,261
85$11,845,929$0$0$7,811,989
86$12,937,566$0$0$8,514,798
87$14,136,876$0$0$9,306,537
88$15,454,725$0$0$10,176,615
89$16,903,085$0$0$11,132,946
90$18,495,146$0$0$12,184,250
91$20,245,437$0$0$13,340,134
92$22,169,967$0$0$14,611,179
93$24,286,373$0$0$16,009,047
94$26,614,087$0$0$17,546,585
95$29,174,518$0$0$19,237,947
96$31,991,257$0$0$21,098,729
97$35,090,292$0$0$23,146,113
98$38,500,261$0$0$25,399,033
99$42,252,715$0$0$27,878,350
100$46,382,420$0$0$30,607,048