Can I retire at age 53 with 965,000?

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 $965,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$79,689$78,979$78,286$77,610$76,950$74,547
2 years$39,450$38,715$38,003$37,313$36,643$34,243
3 years$26,039$25,301$24,591$23,907$23,248$20,926
4 years$19,334$18,599$17,896$17,223$16,581$14,356
5 years$15,313$14,582$13,888$13,229$12,604$10,482
6 years$12,633$11,907$11,223$10,580$9,973$7,955
7 years$10,719$9,999$9,327$8,698$8,111$6,197
8 years$9,285$8,571$7,910$7,297$6,729$4,918
9 years$8,169$7,463$6,813$6,215$5,667$3,956
10 years$7,278$6,578$5,939$5,357$4,828$3,216
11 years$6,549$5,856$5,229$4,663$4,152$2,636
12 years$5,942$5,256$4,641$4,090$3,598$2,174
13 years$5,428$4,750$4,146$3,611$3,138$1,803
14 years$4,989$4,318$3,725$3,205$2,751$1,501
15 years$4,608$3,944$3,363$2,858$2,422$1,254
16 years$4,275$3,619$3,049$2,559$2,141$1,050
17 years$3,982$3,333$2,775$2,300$1,898$882
18 years$3,722$3,080$2,533$2,072$1,688$742
19 years$3,489$2,854$2,319$1,873$1,504$625
20 years$3,280$2,652$2,128$1,696$1,344$527
21 years$3,091$2,470$1,958$1,539$1,202$445
22 years$2,919$2,306$1,804$1,399$1,078$376
23 years$2,763$2,157$1,666$1,275$967$318
24 years$2,619$2,021$1,541$1,162$870$269
25 years$2,488$1,896$1,427$1,062$782$228
26 years$2,367$1,782$1,323$971$705$193
27 years$2,255$1,677$1,229$888$635$164
28 years$2,151$1,581$1,142$814$573$139
29 years$2,054$1,491$1,063$746$518$118
30 years$1,964$1,408$990$685$468$100
31 years$1,880$1,331$923$629$423$85
32 years$1,802$1,260$861$578$383$72
33 years$1,728$1,193$804$532$346$61
34 years$1,659$1,131$751$489$313$52
35 years$1,594$1,072$703$450$284$44
36 years$1,533$1,018$657$415$257$37
37 years$1,475$967$615$382$233$32
38 years$1,420$919$576$352$211$27
39 years$1,368$874$540$325$192$23
40 years$1,319$831$506$300$174$19
41 years$1,273$791$474$276$158$17
42 years$1,229$753$445$255$143$14
43 years$1,187$718$418$235$130$12
44 years$1,147$684$392$217$118$10
45 years$1,108$653$368$201$107$9
46 years$1,072$623$346$185$97$7
47 years$1,037$594$325$171$88$6
48 years$1,004$567$305$158$80$5
49 years$973$542$287$146$73$4
50 years$942$517$270$135$66$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $965,000, adding $3,388 every year, while hoping to spend $27,546 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: 41/29/30 Blend
52$965,000$965,000$965,000$965,000
53$1,066,925$1,015,780$1,000,822$1,101,142
54$1,146,442$1,036,244$1,005,041$1,146,771
55$1,233,147$1,056,788$1,008,478$1,193,323
56$1,327,744$1,077,387$1,011,078$1,243,198
57$1,431,008$1,098,012$1,012,782$1,296,723
58$1,543,791$1,118,635$1,013,531$1,354,253
59$1,667,032$1,139,223$1,013,259$1,416,184
60$1,801,766$1,159,742$1,011,900$1,482,952
61$1,949,132$1,180,154$1,009,384$1,555,037
62$2,110,381$1,200,419$1,005,636$1,632,971
63$2,286,894$1,220,494$1,000,579$1,717,341
64$2,480,192$1,240,333$994,133$1,808,794
65$2,691,946$1,259,884$986,211$1,908,044
66$2,924,001$1,279,095$976,726$2,015,880
67$3,178,387$1,297,908$965,583$2,133,173
68$3,457,338$1,316,261$952,686$2,260,884
69$3,763,316$1,334,088$937,931$2,400,074
70$4,099,035$1,351,318$921,212$2,551,913
71$4,467,480$1,367,877$902,416$2,717,694
72$4,871,942$1,383,682$881,427$2,898,842
73$5,316,047$1,398,649$858,121$3,096,931
74$5,803,785$1,412,685$832,370$3,313,697
75$6,339,557$1,425,691$804,039$3,551,055
76$6,928,206$1,437,565$772,989$3,811,120
77$7,575,071$1,448,193$739,072$4,096,225
78$8,286,032$1,457,458$702,135$4,408,942
79$9,067,567$1,465,234$662,017$4,752,111
80$9,926,815$1,471,386$618,550$5,128,863
81$10,871,638$1,475,772$571,559$5,542,654
82$11,910,700$1,478,240$520,861$5,997,296
83$13,053,546$1,478,629$466,265$6,496,993
84$14,310,693$1,476,767$407,570$7,046,382
85$15,693,728$1,472,473$344,568$7,650,580
86$17,215,418$1,465,554$277,041$8,315,228
87$18,889,830$1,455,805$204,761$9,046,549
88$20,732,463$1,443,010$127,491$9,851,407
89$22,760,394$1,426,937$44,982$10,737,371
90$24,992,441$1,407,343$0$11,712,788
91$27,449,336$1,383,970$0$12,800,650
92$30,153,927$1,356,542$0$14,013,585
93$33,131,385$1,324,771$0$15,348,463
94$36,409,450$1,288,348$0$16,817,723
95$40,018,685$1,246,949$0$18,435,075
96$43,992,770$1,200,228$0$20,215,629
97$48,368,814$1,147,821$0$22,176,043
98$53,187,712$1,089,343$0$24,334,673
99$58,494,524$1,024,386$0$26,711,754
100$64,338,903$952,519$0$29,329,590