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%12.8%
1 years$80,515$79,797$79,098$78,415$77,748$76,840
2 years$39,859$39,116$38,397$37,699$37,023$36,109
3 years$26,309$25,563$24,845$24,154$23,489$22,597
4 years$19,535$18,791$18,081$17,402$16,752$15,890
5 years$15,472$14,733$14,032$13,366$12,735$11,905
6 years$12,764$12,030$11,340$10,689$10,077$9,279
7 years$10,830$10,103$9,423$8,788$8,195$7,431
8 years$9,381$8,660$7,992$7,372$6,799$6,067
9 years$8,254$7,540$6,883$6,279$5,725$5,027
10 years$7,353$6,646$6,001$5,413$4,878$4,212
11 years$6,617$5,917$5,283$4,711$4,196$3,561
12 years$6,003$5,311$4,689$4,132$3,636$3,033
13 years$5,485$4,799$4,189$3,648$3,170$2,598
14 years$5,040$4,362$3,764$3,238$2,779$2,236
15 years$4,656$3,985$3,398$2,888$2,447$1,932
16 years$4,320$3,656$3,081$2,586$2,163$1,676
17 years$4,023$3,367$2,804$2,323$1,918$1,457
18 years$3,760$3,112$2,559$2,094$1,705$1,271
19 years$3,525$2,884$2,343$1,892$1,520$1,110
20 years$3,314$2,680$2,150$1,714$1,357$972
21 years$3,123$2,496$1,978$1,555$1,215$852
22 years$2,949$2,330$1,823$1,414$1,089$748
23 years$2,791$2,179$1,683$1,288$977$657
24 years$2,647$2,042$1,557$1,174$879$578
25 years$2,514$1,916$1,442$1,073$791$509
26 years$2,391$1,801$1,337$981$712$449
27 years$2,278$1,695$1,242$898$642$396
28 years$2,173$1,597$1,154$822$579$349
29 years$2,076$1,507$1,074$754$523$308
30 years$1,985$1,423$1,000$692$473$273
31 years$1,900$1,345$933$636$427$241
32 years$1,820$1,273$870$584$387$213
33 years$1,746$1,205$813$537$350$188
34 years$1,676$1,142$759$494$317$167
35 years$1,610$1,083$710$455$287$147
36 years$1,549$1,028$664$419$260$130
37 years$1,490$977$622$386$236$115
38 years$1,435$928$582$356$214$102
39 years$1,383$883$545$328$194$91
40 years$1,333$840$511$303$176$80
41 years$1,286$799$479$279$159$71
42 years$1,241$761$450$258$145$63
43 years$1,199$725$422$238$131$56
44 years$1,158$691$396$220$119$49
45 years$1,120$659$372$203$108$44
46 years$1,083$629$349$187$98$39
47 years$1,048$600$328$173$89$34
48 years$1,015$573$308$160$81$30
49 years$983$547$290$148$74$27
50 years$952$523$272$137$67$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $975,000, adding $3,518 every year, while hoping to spend $59,830 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: 25/47/28 Blend
52$975,000$975,000$975,000$975,000
53$1,078,079$1,026,404$1,011,291$1,095,496
54$1,124,384$1,013,039$981,511$1,096,943
55$1,173,407$997,014$948,728$1,093,177
56$1,225,363$978,135$912,778$1,087,899
57$1,280,484$956,198$873,490$1,081,024
58$1,339,027$930,985$830,685$1,072,462
59$1,401,270$902,267$784,176$1,062,124
60$1,467,522$869,799$733,768$1,049,918
61$1,538,115$833,326$679,255$1,035,749
62$1,613,418$792,574$620,425$1,019,522
63$1,693,831$747,254$557,054$1,001,143
64$1,779,796$697,064$488,910$980,515
65$1,871,795$641,680$415,748$957,541
66$1,970,357$580,761$337,314$932,127
67$2,076,063$513,948$253,344$904,177
68$2,189,550$440,860$163,560$873,600
69$2,311,517$361,096$67,672$840,307
70$2,442,732$274,229$0$804,213
71$2,584,037$179,813$0$775,591
72$2,736,358$77,373$0$766,263
73$2,900,712$0$0$756,022
74$3,078,214$0$0$762,289
75$3,270,093$0$0$812,450
76$3,477,698$0$0$866,859
77$3,702,511$0$0$925,920
78$3,946,162$0$0$990,082
79$4,210,445$0$0$1,059,833
80$4,497,331$0$0$1,135,716
81$4,808,988$0$0$1,218,323
82$5,147,801$0$0$1,308,310
83$5,516,395$0$0$1,406,395
84$5,917,656$0$0$1,513,371
85$6,354,760$0$0$1,630,110
86$6,831,205$0$0$1,757,571
87$7,350,838$0$0$1,896,810
88$7,917,893$0$0$2,048,991
89$8,537,031$0$0$2,215,394
90$9,213,384$0$0$2,397,427
91$9,952,601$0$0$2,596,644
92$10,760,901$0$0$2,814,754
93$11,645,131$0$0$3,053,638
94$12,612,831$0$0$3,315,370
95$13,672,303$0$0$3,602,231
96$14,832,690$0$0$3,916,737
97$16,104,059$0$0$4,261,654
98$17,497,498$0$0$4,640,034
99$19,025,220$0$0$5,055,234
100$20,700,672$0$0$5,510,956