Can I retire at age 53 with 921,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%16.8%
1 years$76,055$75,378$74,717$74,072$73,442$71,406
2 years$37,651$36,950$36,270$35,611$34,972$32,936
3 years$24,851$24,147$23,469$22,817$22,188$20,216
4 years$18,453$17,751$17,080$16,438$15,825$13,931
5 years$14,615$13,917$13,255$12,626$12,030$10,220
6 years$12,057$11,364$10,712$10,097$9,519$7,795
7 years$10,230$9,544$8,901$8,301$7,741$6,103
8 years$8,861$8,181$7,549$6,964$6,422$4,869
9 years$7,797$7,123$6,502$5,932$5,408$3,939
10 years$6,946$6,278$5,669$5,113$4,608$3,220
11 years$6,250$5,589$4,991$4,450$3,963$2,655
12 years$5,671$5,017$4,429$3,903$3,434$2,203
13 years$5,181$4,534$3,957$3,446$2,995$1,837
14 years$4,761$4,121$3,555$3,059$2,625$1,539
15 years$4,398$3,764$3,210$2,728$2,311$1,294
16 years$4,080$3,454$2,910$2,443$2,043$1,091
17 years$3,800$3,181$2,648$2,195$1,811$922
18 years$3,552$2,939$2,418$1,978$1,611$781
19 years$3,330$2,724$2,213$1,787$1,436$662
20 years$3,130$2,531$2,031$1,619$1,282$562
21 years$2,950$2,358$1,868$1,469$1,147$478
22 years$2,786$2,201$1,722$1,336$1,029$407
23 years$2,637$2,058$1,590$1,216$923$347
24 years$2,500$1,929$1,470$1,109$830$296
25 years$2,374$1,810$1,362$1,013$747$252
26 years$2,259$1,701$1,263$926$673$215
27 years$2,152$1,601$1,173$848$606$184
28 years$2,053$1,509$1,090$777$547$157
29 years$1,961$1,423$1,015$712$494$134
30 years$1,875$1,344$945$654$446$115
31 years$1,795$1,271$881$601$404$98
32 years$1,720$1,202$822$552$365$84
33 years$1,649$1,138$768$508$330$72
34 years$1,583$1,079$717$467$299$61
35 years$1,521$1,023$670$430$271$53
36 years$1,463$971$627$396$246$45
37 years$1,408$923$587$365$223$38
38 years$1,355$877$550$336$202$33
39 years$1,306$834$515$310$183$28
40 years$1,259$793$483$286$166$24
41 years$1,215$755$453$264$151$21
42 years$1,173$719$425$243$137$18
43 years$1,132$685$398$225$124$15
44 years$1,094$653$374$208$113$13
45 years$1,058$623$351$192$102$11
46 years$1,023$594$330$177$93$9
47 years$990$567$310$164$84$8
48 years$958$541$291$151$76$7
49 years$928$517$274$140$69$6
50 years$899$494$257$129$63$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $921,000, adding $2,884 every year, while hoping to spend $29,461 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: 81/12/7 Blend
52$921,000$921,000$921,000$921,000
53$1,017,917$969,104$954,828$1,099,411
54$1,090,398$985,244$955,469$1,169,305
55$1,169,285$1,001,187$955,143$1,241,794
56$1,255,200$1,016,893$953,788$1,320,455
57$1,348,827$1,032,318$951,338$1,405,888
58$1,450,921$1,047,415$947,721$1,498,757
59$1,562,311$1,062,134$942,865$1,599,788
60$1,683,909$1,076,421$936,694$1,709,786
61$1,816,722$1,090,219$929,126$1,829,635
62$1,961,854$1,103,466$920,079$1,960,307
63$2,120,524$1,116,097$909,462$2,102,876
64$2,294,073$1,128,042$897,185$2,258,523
65$2,483,978$1,139,225$883,150$2,428,551
66$2,691,864$1,149,567$867,256$2,614,392
67$2,919,522$1,158,984$849,397$2,817,628
68$3,168,923$1,167,384$829,462$3,039,998
69$3,442,239$1,174,672$807,334$3,283,420
70$3,741,860$1,180,744$782,893$3,550,007
71$4,070,422$1,185,492$756,012$3,842,088
72$4,430,824$1,188,800$726,557$4,162,227
73$4,826,261$1,190,545$694,390$4,513,252
74$5,260,252$1,190,594$659,365$4,898,275
75$5,736,675$1,188,811$621,331$5,320,731
76$6,259,799$1,185,046$580,129$5,784,399
77$6,834,329$1,179,142$535,593$6,293,448
78$7,465,445$1,170,935$487,550$6,852,469
79$8,158,856$1,160,247$435,819$7,466,523
80$8,920,852$1,146,891$380,211$8,141,186
81$9,758,359$1,130,669$320,529$8,882,603
82$10,679,011$1,111,372$256,566$9,697,546
83$11,691,217$1,088,775$188,107$10,593,477
84$12,804,240$1,062,644$114,927$11,578,621
85$14,028,288$1,032,729$36,793$12,662,040
86$15,374,606$998,766$0$13,853,721
87$16,855,585$960,474$0$15,168,151
88$18,484,876$917,559$0$16,617,137
89$20,277,520$869,706$0$18,211,316
90$22,250,091$816,585$0$19,965,439
91$24,420,847$757,845$0$21,895,761
92$26,809,911$693,117$0$24,020,197
93$29,439,450$622,008$0$26,358,484
94$32,333,892$544,105$0$28,932,376
95$35,520,154$458,970$0$31,765,843
96$39,027,892$366,143$0$34,885,301
97$42,889,788$265,134$0$38,319,858
98$47,141,850$155,429$0$42,101,593
99$51,823,757$36,484$0$46,265,856
100$56,979,232$0$0$50,851,601