Can I retire at age 53 with 920,000?

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 $920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$75,973$75,296$74,636$73,991$73,362$71,618
2 years$37,610$36,910$36,231$35,573$34,934$33,187
3 years$24,824$24,121$23,444$22,792$22,164$20,468
4 years$18,433$17,731$17,061$16,420$15,807$14,177
5 years$14,599$13,902$13,240$12,612$12,017$10,455
6 years$12,044$11,352$10,700$10,086$9,508$8,018
7 years$10,219$9,533$8,892$8,292$7,733$6,313
8 years$8,852$8,172$7,541$6,956$6,415$5,066
9 years$7,788$7,115$6,495$5,925$5,402$4,123
10 years$6,938$6,271$5,662$5,108$4,603$3,392
11 years$6,243$5,583$4,985$4,445$3,959$2,814
12 years$5,664$5,011$4,424$3,899$3,431$2,350
13 years$5,175$4,529$3,953$3,442$2,992$1,974
14 years$4,756$4,116$3,552$3,056$2,622$1,665
15 years$4,393$3,760$3,207$2,725$2,309$1,409
16 years$4,076$3,450$2,907$2,440$2,041$1,197
17 years$3,796$3,177$2,645$2,192$1,809$1,019
18 years$3,548$2,936$2,415$1,976$1,609$869
19 years$3,326$2,721$2,211$1,785$1,434$743
20 years$3,127$2,529$2,029$1,617$1,281$636
21 years$2,947$2,355$1,866$1,467$1,146$545
22 years$2,783$2,199$1,720$1,334$1,027$467
23 years$2,634$2,056$1,588$1,215$922$401
24 years$2,497$1,927$1,469$1,108$829$345
25 years$2,372$1,808$1,360$1,012$746$297
26 years$2,256$1,699$1,262$925$672$255
27 years$2,150$1,599$1,172$847$606$220
28 years$2,050$1,507$1,089$776$547$189
29 years$1,958$1,422$1,014$712$494$163
30 years$1,873$1,343$944$653$446$141
31 years$1,793$1,269$880$600$403$121
32 years$1,718$1,201$821$551$365$104
33 years$1,648$1,137$767$507$330$90
34 years$1,582$1,078$716$466$299$78
35 years$1,520$1,022$670$429$271$67
36 years$1,461$970$627$395$245$58
37 years$1,406$922$586$364$222$50
38 years$1,354$876$549$336$202$43
39 years$1,305$833$515$310$183$37
40 years$1,258$792$482$286$166$32
41 years$1,213$754$452$264$150$28
42 years$1,171$718$424$243$136$24
43 years$1,131$684$398$224$124$21
44 years$1,093$652$374$207$112$18
45 years$1,057$622$351$191$102$15
46 years$1,022$593$330$177$93$13
47 years$989$566$310$163$84$11
48 years$957$541$291$151$76$10
49 years$927$516$273$140$69$9
50 years$898$493$257$129$63$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $920,000, adding $3,285 every year, while hoping to spend $43,332 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: 59/16/25 Blend
52$920,000$920,000$920,000$920,000
53$1,017,228$968,468$954,208$1,070,214
54$1,074,881$969,819$940,070$1,108,053
55$1,136,962$969,782$924,005$1,144,371
56$1,203,876$968,246$905,904$1,183,057
57$1,276,071$965,090$885,651$1,224,352
58$1,354,036$960,185$863,126$1,268,522
59$1,438,309$953,396$838,202$1,315,861
60$1,529,482$944,577$810,747$1,366,696
61$1,628,206$933,578$780,623$1,421,388
62$1,735,194$920,235$747,686$1,480,338
63$1,851,235$904,377$711,784$1,543,990
64$1,977,191$885,822$672,759$1,612,834
65$2,114,015$864,378$630,447$1,687,413
66$2,262,752$839,839$584,674$1,768,330
67$2,424,553$811,992$535,261$1,856,250
68$2,600,684$780,606$482,019$1,951,909
69$2,792,538$745,441$424,752$2,056,121
70$3,001,650$706,240$363,253$2,169,789
71$3,229,705$662,732$297,309$2,293,907
72$3,478,561$614,633$226,695$2,429,578
73$3,750,262$561,638$151,178$2,578,021
74$4,047,059$503,428$70,512$2,740,580
75$4,371,429$439,666$0$2,918,746
76$4,726,099$369,994$0$3,118,315
77$5,114,072$294,034$0$3,357,296
78$5,538,654$211,389$0$3,618,940
79$6,003,487$121,637$0$3,905,545
80$6,512,579$24,333$0$4,219,641
81$7,070,346$0$0$4,564,020
82$7,681,649$0$0$4,956,019
83$8,351,845$0$0$5,390,557
84$9,086,831$0$0$5,867,181
85$9,893,102$0$0$6,390,114
86$10,777,815$0$0$6,964,008
87$11,748,851$0$0$7,593,985
88$12,814,891$0$0$8,285,689
89$13,985,498$0$0$9,045,336
90$15,271,206$0$0$9,879,774
91$16,683,622$0$0$10,796,547
92$18,235,528$0$0$11,803,965
93$19,941,010$0$0$12,911,184
94$21,815,583$0$0$14,128,291
95$23,876,340$0$0$15,466,397
96$26,142,116$0$0$16,937,747
97$28,633,657$0$0$18,555,829
98$31,373,825$0$0$20,335,503
99$34,387,806$0$0$22,293,145
100$37,703,348$0$0$24,446,793