Can I retire at age 53 with 996,000?

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 $996,000?

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$82,249$81,516$80,801$80,104$79,422$76,604
2 years$40,717$39,959$39,224$38,511$37,820$35,011
3 years$26,875$26,114$25,380$24,675$23,995$21,283
4 years$19,956$19,196$18,470$17,777$17,113$14,519
5 years$15,805$15,050$14,334$13,654$13,009$10,540
6 years$13,039$12,290$11,584$10,919$10,294$7,951
7 years$11,063$10,321$9,626$8,977$8,372$6,155
8 years$9,583$8,847$8,164$7,531$6,945$4,853
9 years$8,432$7,703$7,032$6,415$5,849$3,878
10 years$7,511$6,790$6,130$5,530$4,983$3,131
11 years$6,759$6,044$5,397$4,812$4,286$2,548
12 years$6,132$5,425$4,790$4,221$3,714$2,086
13 years$5,603$4,903$4,279$3,727$3,239$1,717
14 years$5,149$4,456$3,845$3,308$2,839$1,418
15 years$4,756$4,071$3,471$2,950$2,500$1,176
16 years$4,413$3,735$3,147$2,642$2,209$977
17 years$4,110$3,440$2,864$2,373$1,959$814
18 years$3,841$3,179$2,614$2,139$1,742$679
19 years$3,601$2,946$2,393$1,933$1,552$567
20 years$3,385$2,737$2,197$1,750$1,387$474
21 years$3,190$2,550$2,020$1,589$1,241$397
22 years$3,013$2,380$1,862$1,444$1,112$333
23 years$2,851$2,226$1,719$1,315$998$279
24 years$2,704$2,086$1,590$1,200$897$234
25 years$2,568$1,957$1,473$1,096$808$197
26 years$2,443$1,840$1,366$1,002$727$165
27 years$2,327$1,731$1,268$917$656$139
28 years$2,220$1,631$1,179$840$592$117
29 years$2,120$1,539$1,097$770$534$98
30 years$2,027$1,453$1,022$707$483$82
31 years$1,941$1,374$953$649$437$69
32 years$1,860$1,300$889$597$395$58
33 years$1,784$1,231$830$549$357$49
34 years$1,712$1,167$776$505$324$41
35 years$1,645$1,107$725$465$293$35
36 years$1,582$1,050$678$428$266$29
37 years$1,522$998$635$394$241$25
38 years$1,466$948$595$364$218$21
39 years$1,412$902$557$335$198$17
40 years$1,362$858$522$309$179$15
41 years$1,314$817$490$285$163$12
42 years$1,268$778$459$263$148$10
43 years$1,225$741$431$243$134$9
44 years$1,183$706$404$224$122$7
45 years$1,144$674$380$207$110$6
46 years$1,107$643$357$191$100$5
47 years$1,071$613$335$177$91$4
48 years$1,036$585$315$163$83$4
49 years$1,004$559$296$151$75$3
50 years$972$534$278$140$68$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $996,000, adding $3,952 every year, while hoping to spend $52,786 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: 74/19/7 Blend
52$996,000$996,000$996,000$996,000
53$1,101,668$1,048,880$1,033,442$1,181,850
54$1,157,875$1,044,112$1,011,899$1,230,425
55$1,218,045$1,037,340$987,864$1,276,559
56$1,282,528$1,028,412$961,200$1,325,593
57$1,351,705$1,017,164$931,760$1,377,799
58$1,425,997$1,003,423$899,392$1,433,471
59$1,505,864$987,006$863,937$1,492,938
60$1,591,811$967,718$825,228$1,556,562
61$1,684,394$945,355$783,091$1,624,742
62$1,784,223$919,697$737,345$1,697,918
63$1,891,966$890,515$687,799$1,776,577
64$2,008,361$857,564$634,254$1,861,257
65$2,134,215$820,586$576,503$1,952,551
66$2,270,418$779,308$514,329$2,051,114
67$2,417,947$733,441$447,505$2,157,668
68$2,577,876$682,678$375,795$2,273,012
69$2,751,386$626,696$298,952$2,398,028
70$2,939,778$565,155$216,717$2,533,688
71$3,144,480$497,692$128,821$2,681,066
72$3,367,064$423,926$34,984$2,841,349
73$3,609,260$343,453$0$3,015,846
74$3,872,970$255,848$0$3,210,868
75$4,160,290$160,661$0$3,426,248
76$4,473,522$57,417$0$3,661,155
77$4,815,204$0$0$3,917,558
78$5,188,128$0$0$4,208,999
79$5,595,365$0$0$4,540,406
80$6,040,299$0$0$4,902,531
81$6,526,654$0$0$5,298,413
82$7,058,529$0$0$5,731,393
83$7,640,440$0$0$6,205,151
84$8,277,357$0$0$6,723,742
85$8,974,754$0$0$7,291,627
86$9,738,658$0$0$7,913,722
87$10,575,707$0$0$8,595,438
88$11,493,212$0$0$9,342,737
89$12,499,224$0$0$10,162,182
90$13,602,611$0$0$11,061,006
91$14,813,140$0$0$12,047,171
92$16,141,570$0$0$13,129,451
93$17,599,751$0$0$14,317,507
94$19,200,735$0$0$15,621,984
95$20,958,904$0$0$17,054,606
96$22,890,095$0$0$18,628,290
97$25,011,760$0$0$20,357,264
98$27,343,121$0$0$22,257,204
99$29,905,356$0$0$24,345,378
100$32,721,796$0$0$26,640,810