Can I retire at age 53 with 919,000?

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 $919,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$75,890$75,214$74,555$73,911$73,282$70,570
2 years$37,569$36,870$36,192$35,534$34,896$32,194
3 years$24,797$24,095$23,418$22,767$22,140$19,533
4 years$18,413$17,712$17,043$16,402$15,790$13,299
5 years$14,583$13,887$13,226$12,599$12,003$9,634
6 years$12,031$11,339$10,688$10,075$9,498$7,251
7 years$10,208$9,523$8,882$8,283$7,724$5,601
8 years$8,842$8,163$7,533$6,949$6,408$4,405
9 years$7,780$7,107$6,488$5,919$5,397$3,512
10 years$6,931$6,265$5,656$5,102$4,598$2,828
11 years$6,236$5,577$4,980$4,440$3,955$2,295
12 years$5,658$5,006$4,419$3,895$3,427$1,874
13 years$5,170$4,524$3,948$3,438$2,988$1,538
14 years$4,751$4,112$3,548$3,052$2,620$1,267
15 years$4,388$3,756$3,203$2,722$2,306$1,047
16 years$4,072$3,446$2,904$2,437$2,038$868
17 years$3,792$3,174$2,643$2,190$1,807$721
18 years$3,544$2,933$2,412$1,974$1,607$599
19 years$3,323$2,718$2,208$1,783$1,432$499
20 years$3,123$2,526$2,027$1,615$1,279$416
21 years$2,943$2,353$1,864$1,466$1,145$348
22 years$2,780$2,196$1,718$1,333$1,026$290
23 years$2,631$2,054$1,586$1,214$921$243
24 years$2,495$1,924$1,467$1,107$828$203
25 years$2,369$1,806$1,359$1,011$745$170
26 years$2,254$1,697$1,260$924$671$142
27 years$2,147$1,597$1,170$846$605$119
28 years$2,048$1,505$1,088$775$546$100
29 years$1,956$1,420$1,012$711$493$84
30 years$1,871$1,341$943$652$446$70
31 years$1,791$1,268$879$599$403$59
32 years$1,716$1,200$820$551$364$49
33 years$1,646$1,136$766$506$330$41
34 years$1,580$1,077$716$466$299$35
35 years$1,518$1,021$669$429$270$29
36 years$1,460$969$626$395$245$24
37 years$1,404$921$586$364$222$20
38 years$1,352$875$549$335$201$17
39 years$1,303$832$514$309$183$14
40 years$1,256$792$482$285$166$12
41 years$1,212$753$452$263$150$10
42 years$1,170$718$424$243$136$8
43 years$1,130$684$398$224$124$7
44 years$1,092$652$373$207$112$6
45 years$1,056$621$350$191$102$5
46 years$1,021$593$329$177$93$4
47 years$988$566$309$163$84$4
48 years$956$540$291$151$76$3
49 years$926$516$273$139$69$2
50 years$897$493$257$129$63$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $919,000, adding $6,233 every year, while hoping to spend $25,436 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: 55/40/5 Blend
52$919,000$919,000$919,000$919,000
53$1,019,167$970,460$956,216$1,073,837
54$1,096,059$990,949$961,185$1,131,887
55$1,179,940$1,011,589$965,469$1,191,675
56$1,271,499$1,032,362$969,016$1,256,136
57$1,371,489$1,053,245$971,776$1,325,716
58$1,480,743$1,074,216$973,692$1,400,905
59$1,600,175$1,095,249$974,707$1,482,246
60$1,730,794$1,116,317$974,761$1,570,334
61$1,873,709$1,137,391$973,790$1,665,827
62$2,030,143$1,158,438$971,727$1,769,448
63$2,201,440$1,179,424$968,502$1,881,995
64$2,389,082$1,200,311$964,043$2,004,346
65$2,594,701$1,221,060$958,271$2,137,469
66$2,820,095$1,241,625$951,107$2,282,432
67$3,067,241$1,261,962$942,466$2,440,410
68$3,338,321$1,282,019$932,260$2,612,699
69$3,635,735$1,301,743$920,396$2,800,726
70$3,962,128$1,321,076$906,777$3,006,066
71$4,320,412$1,339,956$891,301$3,230,453
72$4,713,797$1,358,317$873,863$3,475,799
73$5,145,818$1,376,088$854,350$3,744,210
74$5,620,367$1,393,193$832,647$4,038,009
75$6,141,736$1,409,550$808,632$4,359,756
76$6,714,649$1,425,074$782,177$4,712,272
77$7,344,313$1,439,672$753,150$5,098,667
78$8,036,462$1,453,246$721,410$5,522,369
79$8,797,417$1,465,690$686,812$5,987,156
80$9,634,137$1,476,893$649,204$6,497,193
81$10,554,294$1,486,735$608,427$7,057,070
82$11,566,337$1,495,090$564,315$7,671,848
83$12,679,577$1,501,823$516,693$8,347,104
84$13,904,271$1,506,791$465,380$9,088,986
85$15,251,723$1,509,840$410,186$9,904,271
86$16,734,385$1,510,808$350,914$10,800,429
87$18,365,979$1,509,524$287,356$11,785,693
88$20,161,624$1,505,805$219,297$12,869,139
89$22,137,976$1,499,457$146,511$14,060,771
90$24,313,393$1,490,274$68,762$15,371,615
91$26,708,098$1,478,036$0$16,813,826
92$29,344,378$1,462,514$0$18,401,558
93$32,246,788$1,443,460$0$20,152,785
94$35,442,386$1,420,615$0$22,080,125
95$38,960,987$1,393,704$0$24,201,533
96$42,835,446$1,362,433$0$26,536,799
97$47,101,963$1,326,493$0$29,107,736
98$51,800,429$1,285,558$0$31,938,383
99$56,974,803$1,239,280$0$35,055,238
100$62,673,520$1,187,292$0$38,487,505