Can I retire at age 53 with 999,000?

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 $999,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$82,496$81,762$81,045$80,345$79,662$77,391
2 years$40,840$40,079$39,342$38,627$37,934$35,664
3 years$26,956$26,192$25,457$24,749$24,067$21,869
4 years$20,016$19,254$18,526$17,830$17,165$15,055
5 years$15,852$15,095$14,377$13,695$13,048$11,033
6 years$13,078$12,327$11,619$10,952$10,325$8,406
7 years$11,097$10,352$9,655$9,004$8,397$6,574
8 years$9,612$8,873$8,188$7,554$6,966$5,239
9 years$8,457$7,726$7,053$6,434$5,866$4,233
10 years$7,534$6,810$6,149$5,546$4,998$3,456
11 years$6,779$6,063$5,413$4,827$4,299$2,845
12 years$6,151$5,441$4,804$4,234$3,725$2,358
13 years$5,620$4,917$4,292$3,738$3,248$1,964
14 years$5,164$4,470$3,857$3,318$2,848$1,643
15 years$4,770$4,083$3,482$2,959$2,507$1,379
16 years$4,426$3,746$3,157$2,650$2,216$1,161
17 years$4,122$3,450$2,873$2,381$1,965$980
18 years$3,853$3,188$2,622$2,145$1,747$829
19 years$3,612$2,955$2,401$1,939$1,557$702
20 years$3,395$2,746$2,203$1,756$1,391$595
21 years$3,200$2,558$2,026$1,593$1,245$505
22 years$3,022$2,387$1,868$1,449$1,116$430
23 years$2,860$2,233$1,725$1,319$1,001$365
24 years$2,712$2,092$1,595$1,203$900$311
25 years$2,576$1,963$1,477$1,099$810$265
26 years$2,450$1,845$1,370$1,005$730$226
27 years$2,334$1,736$1,272$920$658$192
28 years$2,227$1,636$1,183$843$594$164
29 years$2,127$1,544$1,101$773$536$140
30 years$2,034$1,458$1,025$709$484$120
31 years$1,947$1,378$956$651$438$102
32 years$1,865$1,304$892$599$396$87
33 years$1,789$1,235$833$550$358$74
34 years$1,717$1,170$778$507$325$64
35 years$1,650$1,110$727$466$294$54
36 years$1,587$1,054$680$429$266$46
37 years$1,527$1,001$637$396$241$40
38 years$1,470$951$596$365$219$34
39 years$1,417$904$559$336$198$29
40 years$1,366$860$524$310$180$25
41 years$1,318$819$491$286$163$21
42 years$1,272$780$461$264$148$18
43 years$1,228$743$432$244$134$15
44 years$1,187$708$406$225$122$13
45 years$1,147$676$381$208$111$11
46 years$1,110$644$358$192$101$10
47 years$1,074$615$336$177$91$8
48 years$1,040$587$316$164$83$7
49 years$1,007$561$297$151$75$6
50 years$975$536$279$140$68$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $999,000, adding $6,354 every year, while hoping to spend $22,565 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: 62/28/10 Blend
52$999,000$999,000$999,000$999,000
53$1,107,452$1,054,505$1,039,021$1,173,241
54$1,196,403$1,082,167$1,049,819$1,245,712
55$1,293,671$1,110,428$1,060,223$1,321,606
56$1,400,080$1,139,293$1,070,195$1,403,880
57$1,516,538$1,168,769$1,079,696$1,493,153
58$1,644,045$1,198,858$1,088,686$1,590,105
59$1,783,702$1,229,566$1,097,121$1,695,483
60$1,936,720$1,260,895$1,104,955$1,810,114
61$2,104,435$1,292,849$1,112,140$1,934,905
62$2,288,317$1,325,429$1,118,627$2,070,856
63$2,489,986$1,358,635$1,124,362$2,219,068
64$2,711,226$1,392,469$1,129,289$2,380,755
65$2,954,000$1,426,930$1,133,350$2,557,253
66$3,220,474$1,462,016$1,136,483$2,750,033
67$3,513,031$1,497,723$1,138,624$2,960,717
68$3,834,297$1,534,048$1,139,704$3,191,091
69$4,187,165$1,570,986$1,139,654$3,443,122
70$4,574,821$1,608,529$1,138,397$3,718,978
71$5,000,775$1,646,670$1,135,856$4,021,047
72$5,468,896$1,685,398$1,131,949$4,351,960
73$5,983,443$1,724,703$1,126,589$4,714,616
74$6,549,111$1,764,569$1,119,686$5,112,209
75$7,171,070$1,804,984$1,111,146$5,548,257
76$7,855,019$1,845,927$1,100,869$6,026,639
77$8,607,235$1,887,381$1,088,751$6,551,626
78$9,434,632$1,929,323$1,074,684$7,127,926
79$10,344,833$1,971,728$1,058,554$7,760,728
80$11,346,232$2,014,568$1,040,242$8,455,746
81$12,448,079$2,057,814$1,019,622$9,219,279
82$13,660,568$2,101,431$996,564$10,058,269
83$14,994,928$2,145,384$970,931$10,980,362
84$16,463,534$2,189,631$942,581$11,993,988
85$18,080,021$2,234,129$911,363$13,108,434
86$19,859,410$2,278,829$877,121$14,333,934
87$21,818,258$2,323,679$839,692$15,681,765
88$23,974,803$2,368,622$798,905$17,164,357
89$26,349,145$2,413,596$754,580$18,795,406
90$28,963,430$2,458,535$706,531$20,590,004
91$31,842,063$2,503,366$654,562$22,564,783
92$35,011,933$2,548,011$598,471$24,738,073
93$38,502,673$2,592,386$538,042$27,130,072
94$42,346,933$2,636,401$473,054$29,763,039
95$46,580,693$2,679,957$403,274$32,661,505
96$51,243,599$2,722,951$328,459$35,852,501
97$56,379,340$2,765,268$248,356$39,365,819
98$62,036,056$2,806,790$162,699$43,234,287
99$68,266,796$2,847,386$71,212$47,494,085
100$75,130,019$2,886,917$0$52,185,082