Can I retire at age 53 with 995,000?

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 $995,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$82,166$81,434$80,720$80,023$79,343$78,744
2 years$40,676$39,919$39,185$38,473$37,782$37,178
3 years$26,848$26,087$25,355$24,650$23,971$23,380
4 years$19,935$19,177$18,452$17,759$17,096$16,524
5 years$15,789$15,035$14,319$13,640$12,996$12,444
6 years$13,025$12,277$11,572$10,908$10,283$9,752
7 years$11,052$10,310$9,617$8,968$8,363$7,853
8 years$9,573$8,838$8,156$7,523$6,938$6,449
9 years$8,423$7,695$7,024$6,408$5,843$5,375
10 years$7,504$6,783$6,124$5,524$4,978$4,531
11 years$6,752$6,038$5,392$4,808$4,282$3,854
12 years$6,126$5,420$4,785$4,217$3,710$3,303
13 years$5,597$4,898$4,275$3,723$3,235$2,847
14 years$5,144$4,452$3,841$3,305$2,836$2,467
15 years$4,751$4,067$3,468$2,947$2,497$2,147
16 years$4,408$3,731$3,144$2,639$2,207$1,874
17 years$4,106$3,436$2,861$2,371$1,957$1,641
18 years$3,837$3,175$2,612$2,137$1,740$1,441
19 years$3,597$2,943$2,391$1,931$1,551$1,268
20 years$3,382$2,735$2,194$1,749$1,385$1,118
21 years$3,187$2,547$2,018$1,587$1,240$988
22 years$3,010$2,378$1,860$1,443$1,111$874
23 years$2,849$2,224$1,718$1,314$997$774
24 years$2,701$2,084$1,588$1,199$897$686
25 years$2,565$1,955$1,471$1,095$807$609
26 years$2,440$1,838$1,365$1,001$727$541
27 years$2,325$1,730$1,267$916$655$481
28 years$2,218$1,630$1,178$839$591$428
29 years$2,118$1,537$1,096$770$534$381
30 years$2,025$1,452$1,021$706$482$339
31 years$1,939$1,373$952$649$436$302
32 years$1,858$1,299$888$596$394$269
33 years$1,782$1,230$829$548$357$240
34 years$1,711$1,166$775$504$323$214
35 years$1,644$1,106$724$464$293$191
36 years$1,580$1,049$678$428$265$171
37 years$1,521$997$634$394$240$152
38 years$1,464$947$594$363$218$136
39 years$1,411$901$556$335$198$121
40 years$1,360$857$522$309$179$109
41 years$1,312$816$489$285$163$97
42 years$1,267$777$459$263$148$87
43 years$1,223$740$430$243$134$77
44 years$1,182$706$404$224$122$69
45 years$1,143$673$379$207$110$62
46 years$1,105$642$356$191$100$55
47 years$1,070$613$335$177$91$49
48 years$1,035$585$315$163$83$44
49 years$1,003$558$296$151$75$39
50 years$971$533$278$139$68$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $995,000, adding $4,040 every year, while hoping to spend $50,091 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: 68/12/20 Blend
52$995,000$995,000$995,000$995,000
53$1,100,657$1,047,922$1,032,500$1,169,777
54$1,159,628$1,045,974$1,013,792$1,214,564
55$1,222,935$1,042,251$992,779$1,257,329
56$1,290,967$1,036,615$969,330$1,302,895
57$1,364,152$1,028,916$943,309$1,351,536
58$1,442,960$1,018,997$914,574$1,403,554
59$1,527,906$1,006,691$882,976$1,459,284
60$1,619,555$991,822$848,359$1,519,097
61$1,718,531$974,202$810,560$1,583,400
62$1,825,516$953,633$769,409$1,652,646
63$1,941,262$929,905$724,727$1,727,335
64$2,066,595$902,794$676,330$1,808,020
65$2,202,422$872,066$624,022$1,895,311
66$2,349,743$837,471$567,600$1,989,883
67$2,509,654$798,744$506,852$2,092,483
68$2,683,364$755,608$441,557$2,203,933
69$2,872,201$707,766$371,482$2,325,145
70$3,077,625$654,907$296,387$2,457,125
71$3,301,246$596,700$216,019$2,600,984
72$3,544,831$532,797$130,114$2,757,949
73$3,810,328$462,828$38,397$2,929,377
74$4,099,879$386,404$0$3,116,765
75$4,415,843$303,114$0$3,334,459
76$4,760,815$212,523$0$3,581,162
77$5,137,653$114,171$0$3,850,754
78$5,549,502$7,574$0$4,145,532
79$5,999,826$0$0$4,468,024
80$6,492,438$0$0$4,835,254
81$7,031,535$0$0$5,238,290
82$7,621,742$0$0$5,679,595
83$8,268,149$0$0$6,162,984
84$8,976,363$0$0$6,692,657
85$9,752,558$0$0$7,273,239
86$10,603,534$0$0$7,909,826
87$11,536,781$0$0$8,608,028
88$12,560,546$0$0$9,374,026
89$13,683,917$0$0$10,214,627
90$14,916,900$0$0$11,137,330
91$16,270,520$0$0$12,150,394
92$17,756,921$0$0$13,262,917
93$19,389,479$0$0$14,484,923
94$21,182,930$0$0$15,827,454
95$23,153,509$0$0$17,302,672
96$25,319,099$0$0$18,923,978
97$27,699,404$0$0$20,706,135
98$30,316,128$0$0$22,665,407
99$33,193,188$0$0$24,819,713
100$36,356,929$0$0$27,188,795