Can I retire at age 53 with 975,000?

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 $975,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$80,515$79,797$79,098$78,415$77,748$75,745
2 years$39,859$39,116$38,397$37,699$37,023$35,019
3 years$26,309$25,563$24,845$24,154$23,489$21,546
4 years$19,535$18,791$18,081$17,402$16,752$14,885
5 years$15,472$14,733$14,032$13,366$12,735$10,949
6 years$12,764$12,030$11,340$10,689$10,077$8,374
7 years$10,830$10,103$9,423$8,788$8,195$6,575
8 years$9,381$8,660$7,992$7,372$6,799$5,261
9 years$8,254$7,540$6,883$6,279$5,725$4,269
10 years$7,353$6,646$6,001$5,413$4,878$3,501
11 years$6,617$5,917$5,283$4,711$4,196$2,895
12 years$6,003$5,311$4,689$4,132$3,636$2,410
13 years$5,485$4,799$4,189$3,648$3,170$2,017
14 years$5,040$4,362$3,764$3,238$2,779$1,696
15 years$4,656$3,985$3,398$2,888$2,447$1,430
16 years$4,320$3,656$3,081$2,586$2,163$1,210
17 years$4,023$3,367$2,804$2,323$1,918$1,027
18 years$3,760$3,112$2,559$2,094$1,705$872
19 years$3,525$2,884$2,343$1,892$1,520$743
20 years$3,314$2,680$2,150$1,714$1,357$633
21 years$3,123$2,496$1,978$1,555$1,215$541
22 years$2,949$2,330$1,823$1,414$1,089$462
23 years$2,791$2,179$1,683$1,288$977$395
24 years$2,647$2,042$1,557$1,174$879$338
25 years$2,514$1,916$1,442$1,073$791$290
26 years$2,391$1,801$1,337$981$712$248
27 years$2,278$1,695$1,242$898$642$213
28 years$2,173$1,597$1,154$822$579$183
29 years$2,076$1,507$1,074$754$523$157
30 years$1,985$1,423$1,000$692$473$135
31 years$1,900$1,345$933$636$427$116
32 years$1,820$1,273$870$584$387$99
33 years$1,746$1,205$813$537$350$85
34 years$1,676$1,142$759$494$317$73
35 years$1,610$1,083$710$455$287$63
36 years$1,549$1,028$664$419$260$54
37 years$1,490$977$622$386$236$46
38 years$1,435$928$582$356$214$40
39 years$1,383$883$545$328$194$34
40 years$1,333$840$511$303$176$29
41 years$1,286$799$479$279$159$25
42 years$1,241$761$450$258$145$22
43 years$1,199$725$422$238$131$19
44 years$1,158$691$396$220$119$16
45 years$1,120$659$372$203$108$14
46 years$1,083$629$349$187$98$12
47 years$1,048$600$328$173$89$10
48 years$1,015$573$308$160$81$9
49 years$983$547$290$148$74$8
50 years$952$523$272$137$67$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $975,000, adding $6,189 every year, while hoping to spend $25,428 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: 36/49/15 Blend
52$975,000$975,000$975,000$975,000
53$1,080,834$1,029,159$1,014,046$1,114,569
54$1,164,024$1,052,533$1,020,962$1,162,857
55$1,254,847$1,076,199$1,027,257$1,212,085
56$1,354,055$1,100,146$1,032,883$1,264,682
57$1,462,475$1,124,360$1,037,791$1,320,962
58$1,581,019$1,148,825$1,041,929$1,381,268
59$1,710,689$1,173,524$1,045,240$1,445,984
60$1,852,591$1,198,438$1,047,667$1,515,527
61$2,007,940$1,223,547$1,049,149$1,590,360
62$2,178,076$1,248,826$1,049,621$1,670,993
63$2,364,473$1,274,253$1,049,017$1,757,988
64$2,568,757$1,299,798$1,047,266$1,851,965
65$2,792,715$1,325,433$1,044,295$1,953,606
66$3,038,318$1,351,126$1,040,025$2,063,665
67$3,307,736$1,376,841$1,034,375$2,182,971
68$3,603,360$1,402,540$1,027,261$2,312,442
69$3,927,821$1,428,183$1,018,593$2,453,086
70$4,284,020$1,453,726$1,008,278$2,606,016
71$4,675,152$1,479,120$996,217$2,772,461
72$5,104,735$1,504,315$982,308$2,953,775
73$5,576,647$1,529,255$966,444$3,151,450
74$6,095,157$1,553,881$948,512$3,367,132
75$6,664,971$1,578,128$928,394$3,602,637
76$7,291,271$1,601,929$905,968$3,859,968
77$7,979,767$1,625,211$881,105$4,141,332
78$8,736,751$1,647,894$853,670$4,449,163
79$9,569,153$1,669,894$823,521$4,786,146
80$10,484,610$1,691,122$790,512$5,155,242
81$11,491,534$1,711,481$754,489$5,559,714
82$12,599,196$1,730,869$715,289$6,003,164
83$13,817,808$1,749,176$672,746$6,489,560
84$15,158,624$1,766,285$626,682$7,023,280
85$16,634,042$1,782,071$576,915$7,609,149
86$18,257,724$1,796,402$523,251$8,252,490
87$20,044,722$1,809,136$465,490$8,959,170
88$22,011,623$1,820,123$403,423$9,735,659
89$24,176,700$1,829,201$336,830$10,589,093
90$26,560,093$1,836,201$265,483$11,527,336
91$29,183,988$1,840,941$189,142$12,559,060
92$32,072,837$1,843,229$107,560$13,693,829
93$35,253,578$1,842,859$20,475$14,942,184
94$38,755,898$1,839,614$0$16,315,749
95$42,612,508$1,833,263$0$17,838,936
96$46,859,453$1,823,562$0$19,518,526
97$51,536,450$1,810,250$0$21,366,862
98$56,687,268$1,793,052$0$23,401,166
99$62,360,133$1,771,676$0$25,640,420
100$68,608,190$1,745,811$0$28,105,547