Can I retire at age 53 with 921,000?

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 $921,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$76,055$75,378$74,717$74,072$73,442$70,808
2 years$37,651$36,950$36,270$35,611$34,972$32,347
3 years$24,851$24,147$23,469$22,817$22,188$19,654
4 years$18,453$17,751$17,080$16,438$15,825$13,401
5 years$14,615$13,917$13,255$12,626$12,030$9,723
6 years$12,057$11,364$10,712$10,097$9,519$7,331
7 years$10,230$9,544$8,901$8,301$7,741$5,672
8 years$8,861$8,181$7,549$6,964$6,422$4,469
9 years$7,797$7,123$6,502$5,932$5,408$3,569
10 years$6,946$6,278$5,669$5,113$4,608$2,880
11 years$6,250$5,589$4,991$4,450$3,963$2,342
12 years$5,671$5,017$4,429$3,903$3,434$1,916
13 years$5,181$4,534$3,957$3,446$2,995$1,576
14 years$4,761$4,121$3,555$3,059$2,625$1,301
15 years$4,398$3,764$3,210$2,728$2,311$1,078
16 years$4,080$3,454$2,910$2,443$2,043$895
17 years$3,800$3,181$2,648$2,195$1,811$745
18 years$3,552$2,939$2,418$1,978$1,611$621
19 years$3,330$2,724$2,213$1,787$1,436$518
20 years$3,130$2,531$2,031$1,619$1,282$433
21 years$2,950$2,358$1,868$1,469$1,147$363
22 years$2,786$2,201$1,722$1,336$1,029$304
23 years$2,637$2,058$1,590$1,216$923$254
24 years$2,500$1,929$1,470$1,109$830$213
25 years$2,374$1,810$1,362$1,013$747$179
26 years$2,259$1,701$1,263$926$673$150
27 years$2,152$1,601$1,173$848$606$126
28 years$2,053$1,509$1,090$777$547$106
29 years$1,961$1,423$1,015$712$494$89
30 years$1,875$1,344$945$654$446$75
31 years$1,795$1,271$881$601$404$63
32 years$1,720$1,202$822$552$365$53
33 years$1,649$1,138$768$508$330$44
34 years$1,583$1,079$717$467$299$37
35 years$1,521$1,023$670$430$271$31
36 years$1,463$971$627$396$246$26
37 years$1,408$923$587$365$223$22
38 years$1,355$877$550$336$202$19
39 years$1,306$834$515$310$183$16
40 years$1,259$793$483$286$166$13
41 years$1,215$755$453$264$151$11
42 years$1,173$719$425$243$137$9
43 years$1,132$685$398$225$124$8
44 years$1,094$653$374$208$113$7
45 years$1,058$623$351$192$102$6
46 years$1,023$594$330$177$93$5
47 years$990$567$310$164$84$4
48 years$958$541$291$151$76$3
49 years$928$517$274$140$69$3
50 years$899$494$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 $921,000, adding $3,681 every year, while hoping to spend $40,318 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: 58/27/15 Blend
52$921,000$921,000$921,000$921,000
53$1,018,739$969,926$955,650$1,073,705
54$1,079,752$974,554$944,767$1,115,941
55$1,145,638$978,058$932,167$1,157,196
56$1,216,850$980,340$917,751$1,201,231
57$1,293,887$981,295$901,415$1,248,320
58$1,377,300$980,815$883,049$1,298,765
59$1,467,691$978,781$862,537$1,352,902
60$1,565,723$975,070$839,760$1,411,101
61$1,672,128$969,549$814,593$1,473,771
62$1,787,706$962,078$786,903$1,541,366
63$1,913,342$952,510$756,555$1,614,386
64$2,050,007$940,687$723,403$1,693,387
65$2,198,768$926,441$687,298$1,778,980
66$2,360,803$909,597$648,082$1,871,843
67$2,537,405$889,967$605,593$1,972,725
68$2,729,997$867,353$559,657$2,082,453
69$2,940,148$841,544$510,097$2,201,942
70$3,169,583$812,319$456,725$2,332,202
71$3,420,200$779,443$399,345$2,474,352
72$3,694,092$742,666$337,754$2,629,625
73$3,993,558$701,726$271,738$2,799,385
74$4,321,134$656,344$201,074$2,985,139
75$4,679,610$606,225$125,531$3,188,551
76$5,072,059$551,059$44,865$3,411,459
77$5,501,865$490,516$0$3,655,895
78$5,972,753$424,249$0$3,930,696
79$6,488,826$351,891$0$4,239,835
80$7,054,606$273,052$0$4,578,902
81$7,675,068$187,325$0$4,950,961
82$8,355,696$94,274$0$5,359,394
83$9,102,527$0$0$5,807,930
84$9,922,213$0$0$6,302,633
85$10,822,081$0$0$6,876,556
86$11,810,202$0$0$7,506,848
87$12,895,465$0$0$8,199,189
88$14,087,665$0$0$8,959,839
89$15,397,590$0$0$9,795,691
90$16,837,126$0$0$10,714,341
91$18,419,369$0$0$11,724,158
92$20,158,742$0$0$12,834,360
93$22,071,141$0$0$14,055,104
94$24,174,075$0$0$15,397,581
95$26,486,836$0$0$16,874,120
96$29,030,680$0$0$18,498,304
97$31,829,024$0$0$20,285,100
98$34,907,672$0$0$22,250,998
99$38,295,052$0$0$24,414,167
100$42,022,490$0$0$26,794,628