Can I retire at age 53 with 990,000?

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 $990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$81,753$81,025$80,315$79,621$78,944$76,143
2 years$40,472$39,718$38,988$38,279$37,592$34,800
3 years$26,713$25,956$25,228$24,526$23,850$21,155
4 years$19,835$19,081$18,359$17,670$17,010$14,432
5 years$15,710$14,959$14,248$13,572$12,931$10,477
6 years$12,960$12,215$11,514$10,854$10,232$7,903
7 years$10,997$10,259$9,568$8,923$8,321$6,118
8 years$9,525$8,793$8,115$7,486$6,903$4,824
9 years$8,381$7,656$6,989$6,376$5,813$3,855
10 years$7,466$6,749$6,093$5,496$4,953$3,112
11 years$6,718$6,008$5,364$4,783$4,260$2,533
12 years$6,095$5,392$4,761$4,196$3,692$2,074
13 years$5,569$4,873$4,253$3,704$3,219$1,706
14 years$5,118$4,430$3,822$3,288$2,822$1,410
15 years$4,727$4,046$3,451$2,932$2,485$1,168
16 years$4,386$3,713$3,128$2,626$2,196$971
17 years$4,085$3,419$2,847$2,359$1,947$809
18 years$3,818$3,159$2,599$2,126$1,731$675
19 years$3,579$2,928$2,379$1,921$1,543$564
20 years$3,365$2,721$2,183$1,740$1,378$472
21 years$3,171$2,534$2,008$1,579$1,233$395
22 years$2,995$2,366$1,851$1,436$1,106$331
23 years$2,834$2,213$1,709$1,308$992$278
24 years$2,687$2,073$1,581$1,193$892$233
25 years$2,552$1,946$1,464$1,089$803$196
26 years$2,428$1,829$1,358$996$723$164
27 years$2,313$1,721$1,261$912$652$138
28 years$2,206$1,622$1,172$835$588$116
29 years$2,107$1,530$1,091$766$531$98
30 years$2,015$1,445$1,016$703$480$82
31 years$1,929$1,366$947$646$434$69
32 years$1,848$1,292$884$593$392$58
33 years$1,773$1,224$825$546$355$49
34 years$1,702$1,160$771$502$322$41
35 years$1,635$1,100$721$462$291$35
36 years$1,572$1,044$674$426$264$29
37 years$1,513$992$631$392$239$24
38 years$1,457$942$591$361$217$21
39 years$1,404$896$554$333$197$17
40 years$1,353$853$519$307$178$15
41 years$1,306$812$487$284$162$12
42 years$1,260$773$456$262$147$10
43 years$1,217$737$428$242$133$9
44 years$1,176$702$402$223$121$7
45 years$1,137$669$378$206$110$6
46 years$1,100$639$355$190$100$5
47 years$1,064$609$333$176$91$4
48 years$1,030$582$313$162$82$4
49 years$998$556$294$150$75$3
50 years$967$531$277$139$68$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $990,000, adding $4,639 every year, while hoping to spend $57,512 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: 57/34/9 Blend
52$990,000$990,000$990,000$990,000
53$1,095,765$1,043,295$1,027,950$1,155,638
54$1,146,341$1,033,224$1,001,194$1,186,460
55$1,200,148$1,020,732$971,614$1,213,202
56$1,257,455$1,005,640$939,055$1,240,942
57$1,318,556$987,757$903,354$1,269,783
58$1,383,774$966,883$864,342$1,299,840
59$1,453,462$942,803$821,841$1,331,242
60$1,528,008$915,293$775,665$1,364,135
61$1,607,835$884,113$725,620$1,398,683
62$1,693,410$849,010$671,504$1,435,069
63$1,785,243$809,717$613,105$1,473,499
64$1,883,895$765,951$550,201$1,514,204
65$1,989,981$717,411$482,562$1,557,442
66$2,104,177$663,781$409,945$1,603,501
67$2,227,224$604,727$332,099$1,652,707
68$2,359,936$539,895$248,760$1,705,419
69$2,503,210$468,910$159,654$1,762,041
70$2,658,029$391,378$64,494$1,823,023
71$2,825,473$306,881$0$1,888,868
72$3,006,730$214,977$0$1,963,696
73$3,203,107$115,202$0$2,051,411
74$3,416,040$7,062$0$2,146,541
75$3,647,108$0$0$2,249,892
76$3,898,048$0$0$2,403,500
77$4,170,770$0$0$2,573,390
78$4,467,375$0$0$2,758,237
79$4,790,178$0$0$2,959,493
80$5,141,720$0$0$3,178,754
81$5,524,803$0$0$3,417,779
82$5,942,506$0$0$3,678,499
83$6,398,222$0$0$3,963,044
84$6,895,683$0$0$4,273,757
85$7,438,997$0$0$4,613,217
86$8,032,688$0$0$4,984,264
87$8,681,735$0$0$5,390,022
88$9,391,621$0$0$5,833,935
89$10,168,382$0$0$6,319,793
90$11,018,666$0$0$6,851,767
91$11,949,791$0$0$7,434,455
92$12,969,819$0$0$8,072,918
93$14,087,626$0$0$8,772,727
94$15,312,988$0$0$9,540,024
95$16,656,672$0$0$10,381,567
96$18,130,538$0$0$11,304,805
97$19,747,646$0$0$12,317,938
98$21,522,385$0$0$13,430,003
99$23,470,603$0$0$14,650,951
100$25,609,756$0$0$15,991,744