Can I retire at age 53 with 997,000?

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 $997,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$82,331$81,598$80,882$80,184$79,502$78,541
2 years$40,758$39,999$39,263$38,550$37,858$36,891
3 years$26,902$26,140$25,406$24,699$24,019$23,076
4 years$19,976$19,216$18,489$17,795$17,130$16,218
5 years$15,821$15,065$14,348$13,668$13,022$12,144
6 years$13,052$12,302$11,596$10,930$10,304$9,461
7 years$11,075$10,331$9,636$8,986$8,380$7,572
8 years$9,592$8,856$8,172$7,538$6,952$6,179
9 years$8,440$7,710$7,039$6,421$5,855$5,117
10 years$7,519$6,796$6,136$5,535$4,988$4,285
11 years$6,766$6,050$5,402$4,817$4,290$3,620
12 years$6,139$5,431$4,794$4,225$3,718$3,081
13 years$5,608$4,908$4,284$3,730$3,242$2,637
14 years$5,154$4,461$3,849$3,311$2,842$2,268
15 years$4,761$4,075$3,475$2,953$2,502$1,959
16 years$4,417$3,739$3,151$2,644$2,211$1,698
17 years$4,114$3,443$2,867$2,376$1,961$1,475
18 years$3,845$3,182$2,617$2,141$1,744$1,286
19 years$3,605$2,949$2,396$1,935$1,554$1,122
20 years$3,388$2,740$2,199$1,752$1,388$982
21 years$3,193$2,552$2,022$1,590$1,242$860
22 years$3,016$2,383$1,864$1,446$1,113$754
23 years$2,854$2,228$1,721$1,317$999$663
24 years$2,706$2,088$1,592$1,201$898$583
25 years$2,570$1,959$1,474$1,097$808$513
26 years$2,445$1,841$1,367$1,003$728$451
27 years$2,329$1,733$1,270$918$657$398
28 years$2,222$1,633$1,180$841$592$351
29 years$2,122$1,541$1,098$771$535$309
30 years$2,029$1,455$1,023$708$483$273
31 years$1,943$1,375$954$650$437$241
32 years$1,862$1,301$890$597$395$213
33 years$1,785$1,232$831$549$358$188
34 years$1,714$1,168$776$505$324$166
35 years$1,647$1,108$726$465$293$147
36 years$1,583$1,052$679$429$266$130
37 years$1,524$999$636$395$241$115
38 years$1,467$949$595$364$218$102
39 years$1,414$903$558$336$198$90
40 years$1,363$859$523$310$180$80
41 years$1,315$817$490$286$163$71
42 years$1,269$778$460$264$148$62
43 years$1,226$742$431$243$134$55
44 years$1,185$707$405$225$122$49
45 years$1,145$674$380$207$111$43
46 years$1,108$643$357$192$100$38
47 years$1,072$614$335$177$91$34
48 years$1,038$586$315$164$83$30
49 years$1,005$560$296$151$75$27
50 years$973$534$279$140$68$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $997,000, adding $4,171 every year, while hoping to spend $36,390 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: 49/36/15 Blend
52$997,000$997,000$997,000$997,000
53$1,102,996$1,050,155$1,034,702$1,152,269
54$1,176,783$1,062,894$1,030,646$1,199,419
55$1,256,877$1,075,038$1,025,234$1,246,504
56$1,343,882$1,086,518$1,018,383$1,296,850
57$1,438,464$1,097,264$1,010,005$1,350,775
58$1,541,355$1,107,197$1,000,007$1,408,633
59$1,653,359$1,116,236$988,294$1,470,811
60$1,775,365$1,124,294$974,764$1,537,741
61$1,908,345$1,131,278$959,312$1,609,896
62$2,053,374$1,137,089$941,827$1,687,803
63$2,211,633$1,141,621$922,194$1,772,041
64$2,384,422$1,144,763$900,290$1,863,252
65$2,573,173$1,146,396$875,989$1,962,143
66$2,779,461$1,146,393$849,158$2,069,499
67$3,005,020$1,144,621$819,659$2,186,182
68$3,251,761$1,140,936$787,347$2,313,150
69$3,521,787$1,135,188$752,070$2,451,455
70$3,817,413$1,127,217$713,668$2,602,265
71$4,141,191$1,116,851$671,977$2,766,867
72$4,495,927$1,103,912$626,823$2,946,680
73$4,884,714$1,088,207$578,025$3,143,277
74$5,310,960$1,069,533$525,393$3,358,390
75$5,778,414$1,047,677$468,730$3,593,933
76$6,291,210$1,022,410$407,830$3,852,019
77$6,853,898$993,493$342,477$4,134,983
78$7,471,491$960,670$272,445$4,445,400
79$8,149,511$923,670$197,500$4,786,113
80$8,894,041$882,210$117,396$5,160,261
81$9,711,781$835,986$31,877$5,571,309
82$10,610,113$784,680$0$6,023,081
83$11,597,168$727,953$0$6,529,302
84$12,681,905$665,449$0$7,091,187
85$13,874,193$596,789$0$7,708,815
86$15,184,904$521,575$0$8,387,907
87$16,626,017$439,385$0$9,134,770
88$18,210,729$349,774$0$9,956,363
89$19,953,582$252,271$0$10,860,359
90$21,870,594$146,379$0$11,855,220
91$23,979,416$31,573$0$12,950,280
92$26,299,496$0$0$14,155,830
93$28,852,261$0$0$15,519,941
94$31,661,320$0$0$17,034,896
95$34,752,686$0$0$18,702,231
96$38,155,021$0$0$20,537,423
97$41,899,907$0$0$22,557,523
98$46,022,144$0$0$24,781,320
99$50,560,075$0$0$27,229,515
100$55,555,951$0$0$29,924,923