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%14.6%
1 years$76,055$75,378$74,717$74,072$73,442$72,047
2 years$37,651$36,950$36,270$35,611$34,972$33,573
3 years$24,851$24,147$23,469$22,817$22,188$20,827
4 years$18,453$17,751$17,080$16,438$15,825$14,513
5 years$14,615$13,917$13,255$12,626$12,030$10,771
6 years$12,057$11,364$10,712$10,097$9,519$8,314
7 years$10,230$9,544$8,901$8,301$7,741$6,591
8 years$8,861$8,181$7,549$6,964$6,422$5,326
9 years$7,797$7,123$6,502$5,932$5,408$4,366
10 years$6,946$6,278$5,669$5,113$4,608$3,618
11 years$6,250$5,589$4,991$4,450$3,963$3,025
12 years$5,671$5,017$4,429$3,903$3,434$2,546
13 years$5,181$4,534$3,957$3,446$2,995$2,155
14 years$4,761$4,121$3,555$3,059$2,625$1,833
15 years$4,398$3,764$3,210$2,728$2,311$1,565
16 years$4,080$3,454$2,910$2,443$2,043$1,340
17 years$3,800$3,181$2,648$2,195$1,811$1,151
18 years$3,552$2,939$2,418$1,978$1,611$990
19 years$3,330$2,724$2,213$1,787$1,436$854
20 years$3,130$2,531$2,031$1,619$1,282$737
21 years$2,950$2,358$1,868$1,469$1,147$638
22 years$2,786$2,201$1,722$1,336$1,029$552
23 years$2,637$2,058$1,590$1,216$923$479
24 years$2,500$1,929$1,470$1,109$830$415
25 years$2,374$1,810$1,362$1,013$747$361
26 years$2,259$1,701$1,263$926$673$313
27 years$2,152$1,601$1,173$848$606$272
28 years$2,053$1,509$1,090$777$547$237
29 years$1,961$1,423$1,015$712$494$206
30 years$1,875$1,344$945$654$446$179
31 years$1,795$1,271$881$601$404$156
32 years$1,720$1,202$822$552$365$136
33 years$1,649$1,138$768$508$330$119
34 years$1,583$1,079$717$467$299$103
35 years$1,521$1,023$670$430$271$90
36 years$1,463$971$627$396$246$78
37 years$1,408$923$587$365$223$68
38 years$1,355$877$550$336$202$60
39 years$1,306$834$515$310$183$52
40 years$1,259$793$483$286$166$45
41 years$1,215$755$453$264$151$40
42 years$1,173$719$425$243$137$34
43 years$1,132$685$398$225$124$30
44 years$1,094$653$374$208$113$26
45 years$1,058$623$351$192$102$23
46 years$1,023$594$330$177$93$20
47 years$990$567$310$164$84$17
48 years$958$541$291$151$76$15
49 years$928$517$274$140$69$13
50 years$899$494$257$129$63$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $921,000, adding $6,680 every year, while hoping to spend $22,531 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: 71/19/10 Blend
52$921,000$921,000$921,000$921,000
53$1,021,832$973,019$958,744$1,091,935
54$1,102,087$996,725$966,889$1,162,919
55$1,189,771$1,020,836$974,552$1,237,188
56$1,285,621$1,045,350$981,692$1,317,873
57$1,390,444$1,070,262$988,269$1,405,601
58$1,505,130$1,095,566$994,237$1,501,065
59$1,630,660$1,121,254$999,550$1,605,023
60$1,768,111$1,147,320$1,004,159$1,718,314
61$1,918,673$1,173,753$1,008,013$1,841,861
62$2,083,654$1,200,544$1,011,057$1,976,680
63$2,264,495$1,227,679$1,013,236$2,123,889
64$2,462,784$1,255,145$1,014,490$2,284,723
65$2,680,269$1,282,928$1,014,756$2,460,540
66$2,918,874$1,311,010$1,013,969$2,652,836
67$3,180,722$1,339,372$1,012,059$2,863,260
68$3,468,149$1,367,994$1,008,956$3,093,628
69$3,783,727$1,396,853$1,004,583$3,345,942
70$4,130,291$1,425,923$998,861$3,622,406
71$4,510,965$1,455,177$991,707$3,925,449
72$4,929,188$1,484,586$983,034$4,257,749
73$5,388,751$1,514,115$972,751$4,622,255
74$5,893,827$1,543,731$960,761$5,022,216
75$6,449,017$1,573,393$946,966$5,461,214
76$7,059,388$1,603,061$931,261$5,943,193
77$7,730,523$1,632,688$913,536$6,472,503
78$8,468,572$1,662,226$893,675$7,053,933
79$9,280,313$1,691,621$871,560$7,692,764
80$10,173,212$1,720,817$847,064$8,394,813
81$11,155,495$1,749,753$820,056$9,166,490
82$12,236,226$1,778,362$790,399$10,014,862
83$13,425,393$1,806,573$757,948$10,947,711
84$14,733,998$1,834,310$722,555$11,973,618
85$16,174,166$1,861,491$684,061$13,102,037
86$17,759,256$1,888,030$642,302$14,343,385
87$19,503,988$1,913,831$597,107$15,709,143
88$21,424,582$1,938,796$548,297$17,211,964
89$23,538,908$1,962,816$495,684$18,865,789
90$25,866,660$1,985,777$439,072$20,685,984
91$28,429,536$2,007,557$378,258$22,689,482
92$31,251,446$2,028,025$313,028$24,894,941
93$34,358,737$2,047,042$243,158$27,322,926
94$37,780,441$2,064,460$168,416$29,996,098
95$41,548,548$2,080,120$88,560$32,939,430
96$45,698,308$2,093,854$3,335$36,180,445
97$50,268,566$2,105,483$0$39,749,470
98$55,302,125$2,114,817$0$43,689,279
99$60,846,151$2,121,652$0$48,028,344
100$66,952,619$2,125,773$0$52,806,932