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%15.1%
1 years$80,515$79,797$79,098$78,415$77,748$76,116
2 years$39,859$39,116$38,397$37,699$37,023$35,386
3 years$26,309$25,563$24,845$24,154$23,489$21,899
4 years$19,535$18,791$18,081$17,402$16,752$15,221
5 years$15,472$14,733$14,032$13,366$12,735$11,267
6 years$12,764$12,030$11,340$10,689$10,077$8,673
7 years$10,830$10,103$9,423$8,788$8,195$6,857
8 years$9,381$8,660$7,992$7,372$6,799$5,525
9 years$8,254$7,540$6,883$6,279$5,725$4,515
10 years$7,353$6,646$6,001$5,413$4,878$3,731
11 years$6,617$5,917$5,283$4,711$4,196$3,109
12 years$6,003$5,311$4,689$4,132$3,636$2,608
13 years$5,485$4,799$4,189$3,648$3,170$2,201
14 years$5,040$4,362$3,764$3,238$2,779$1,865
15 years$4,656$3,985$3,398$2,888$2,447$1,587
16 years$4,320$3,656$3,081$2,586$2,163$1,354
17 years$4,023$3,367$2,804$2,323$1,918$1,158
18 years$3,760$3,112$2,559$2,094$1,705$993
19 years$3,525$2,884$2,343$1,892$1,520$853
20 years$3,314$2,680$2,150$1,714$1,357$734
21 years$3,123$2,496$1,978$1,555$1,215$633
22 years$2,949$2,330$1,823$1,414$1,089$546
23 years$2,791$2,179$1,683$1,288$977$471
24 years$2,647$2,042$1,557$1,174$879$407
25 years$2,514$1,916$1,442$1,073$791$352
26 years$2,391$1,801$1,337$981$712$305
27 years$2,278$1,695$1,242$898$642$264
28 years$2,173$1,597$1,154$822$579$229
29 years$2,076$1,507$1,074$754$523$198
30 years$1,985$1,423$1,000$692$473$172
31 years$1,900$1,345$933$636$427$149
32 years$1,820$1,273$870$584$387$129
33 years$1,746$1,205$813$537$350$112
34 years$1,676$1,142$759$494$317$97
35 years$1,610$1,083$710$455$287$84
36 years$1,549$1,028$664$419$260$73
37 years$1,490$977$622$386$236$64
38 years$1,435$928$582$356$214$55
39 years$1,383$883$545$328$194$48
40 years$1,333$840$511$303$176$42
41 years$1,286$799$479$279$159$36
42 years$1,241$761$450$258$145$31
43 years$1,199$725$422$238$131$27
44 years$1,158$691$396$220$119$24
45 years$1,120$659$372$203$108$21
46 years$1,083$629$349$187$98$18
47 years$1,048$600$328$173$89$16
48 years$1,015$573$308$160$81$13
49 years$983$547$290$148$74$12
50 years$952$523$272$137$67$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $975,000, adding $6,395 every year, while hoping to spend $42,788 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: 79/14/7 Blend
52$975,000$975,000$975,000$975,000
53$1,081,046$1,029,371$1,014,259$1,165,095
54$1,145,787$1,034,285$1,002,711$1,226,023
55$1,215,697$1,038,004$989,341$1,286,593
56$1,291,259$1,040,427$974,045$1,351,758
57$1,373,002$1,041,443$956,710$1,421,954
58$1,461,509$1,040,934$937,221$1,497,663
59$1,557,420$1,038,777$915,455$1,579,416
60$1,661,440$1,034,840$891,285$1,667,797
61$1,774,342$1,028,983$864,579$1,763,450
62$1,896,979$1,021,057$835,196$1,867,085
63$2,030,286$1,010,904$802,990$1,979,484
64$2,175,295$998,358$767,810$2,101,508
65$2,333,140$983,242$729,496$2,234,108
66$2,505,067$965,368$687,882$2,378,331
67$2,692,450$944,538$642,792$2,535,328
68$2,896,801$920,540$594,046$2,706,374
69$3,119,781$893,153$541,453$2,892,868
70$3,363,221$862,141$484,815$3,096,355
71$3,629,138$827,253$423,924$3,318,539
72$3,919,747$788,226$358,563$3,561,296
73$4,237,493$744,781$288,506$3,826,696
74$4,585,064$696,622$213,518$4,117,019
75$4,965,420$643,436$133,350$4,434,778
76$5,381,823$584,894$47,747$4,782,746
77$5,837,861$520,646$0$5,163,977
78$6,337,488$450,323$0$5,585,096
79$6,885,058$373,535$0$6,050,575
80$7,485,367$289,871$0$6,560,960
81$8,143,695$198,896$0$7,120,782
82$8,865,860$100,149$0$7,735,040
83$9,658,268$0$0$8,409,240
84$10,527,976$0$0$9,150,506
85$11,482,759$0$0$9,981,250
86$12,531,178$0$0$10,893,497
87$13,682,667$0$0$11,895,460
88$14,947,618$0$0$12,996,184
89$16,337,477$0$0$14,205,635
90$17,864,855$0$0$15,534,791
91$19,543,647$0$0$16,995,746
92$21,389,157$0$0$18,601,825
93$23,418,249$0$0$20,367,709
94$25,649,501$0$0$22,309,571
95$28,103,382$0$0$24,445,229
96$30,802,445$0$0$26,794,317
97$33,771,537$0$0$29,378,467
98$37,038,034$0$0$32,221,509
99$40,632,101$0$0$35,349,705
100$44,586,972$0$0$38,791,988