Can I retire at age 53 with 922,000?

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 $922,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$76,138$75,460$74,798$74,152$73,522$71,054
2 years$37,692$36,990$36,310$35,650$35,010$32,549
3 years$24,878$24,173$23,495$22,841$22,212$19,834
4 years$18,473$17,770$17,098$16,456$15,842$13,565
5 years$14,631$13,932$13,269$12,640$12,043$9,873
6 years$12,070$11,376$10,723$10,108$9,529$7,469
7 years$10,241$9,554$8,911$8,310$7,750$5,798
8 years$8,871$8,189$7,557$6,971$6,429$4,585
9 years$7,805$7,130$6,509$5,938$5,414$3,675
10 years$6,953$6,285$5,675$5,119$4,613$2,977
11 years$6,257$5,595$4,996$4,455$3,967$2,430
12 years$5,677$5,022$4,434$3,907$3,438$1,996
13 years$5,186$4,538$3,961$3,450$2,998$1,648
14 years$4,766$4,125$3,559$3,062$2,628$1,367
15 years$4,403$3,769$3,214$2,731$2,314$1,137
16 years$4,085$3,458$2,914$2,445$2,045$948
17 years$3,805$3,184$2,651$2,197$1,813$792
18 years$3,556$2,942$2,420$1,980$1,612$664
19 years$3,333$2,727$2,216$1,789$1,437$557
20 years$3,134$2,534$2,033$1,620$1,284$467
21 years$2,953$2,360$1,870$1,471$1,149$393
22 years$2,789$2,203$1,724$1,337$1,030$331
23 years$2,640$2,061$1,592$1,218$924$278
24 years$2,503$1,931$1,472$1,111$831$235
25 years$2,377$1,812$1,363$1,014$748$198
26 years$2,261$1,703$1,264$927$673$167
27 years$2,154$1,603$1,174$849$607$141
28 years$2,055$1,510$1,091$778$548$119
29 years$1,963$1,425$1,016$713$495$100
30 years$1,877$1,345$946$655$447$85
31 years$1,797$1,272$882$601$404$71
32 years$1,722$1,203$823$552$366$60
33 years$1,651$1,140$768$508$331$51
34 years$1,585$1,080$718$467$300$43
35 years$1,523$1,025$671$430$271$36
36 years$1,464$972$628$396$246$31
37 years$1,409$924$588$365$223$26
38 years$1,357$878$550$337$202$22
39 years$1,307$835$516$310$183$19
40 years$1,261$794$483$286$166$16
41 years$1,216$756$453$264$151$13
42 years$1,174$720$425$244$137$11
43 years$1,134$686$399$225$124$9
44 years$1,095$654$374$208$113$8
45 years$1,059$623$352$192$102$7
46 years$1,024$595$330$177$93$6
47 years$991$568$310$164$84$5
48 years$959$542$292$151$77$4
49 years$929$517$274$140$70$3
50 years$900$494$258$129$63$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $922,000, adding $3,124 every year, while hoping to spend $46,884 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: 42/33/25 Blend
52$922,000$922,000$922,000$922,000
53$1,019,266$970,400$956,109$1,054,498
54$1,073,347$968,066$938,255$1,077,686
55$1,131,373$964,045$918,231$1,098,084
56$1,193,697$958,207$895,915$1,119,252
57$1,260,706$950,411$871,180$1,141,289
58$1,332,825$940,508$843,892$1,164,306
59$1,410,521$928,341$813,910$1,188,429
60$1,494,307$913,743$781,089$1,213,799
61$1,584,747$896,537$745,277$1,240,576
62$1,682,460$876,536$706,311$1,268,941
63$1,788,125$853,541$664,027$1,299,098
64$1,902,491$827,341$618,249$1,331,273
65$2,026,379$797,715$568,795$1,365,725
66$2,160,694$764,427$515,474$1,402,740
67$2,306,429$727,229$458,086$1,442,641
68$2,464,678$685,855$396,425$1,485,789
69$2,636,642$640,029$330,272$1,532,589
70$2,823,644$589,455$259,401$1,583,491
71$3,027,139$533,822$183,574$1,639,001
72$3,248,729$472,801$102,546$1,699,681
73$3,490,175$406,044$16,056$1,766,161
74$3,753,415$333,183$0$1,839,140
75$4,040,584$253,830$0$1,939,739
76$4,354,031$167,574$0$2,054,380
77$4,696,340$73,984$0$2,179,822
78$5,070,359$0$0$2,317,224
79$5,479,219$0$0$2,477,818
80$5,926,371$0$0$2,682,946
81$6,415,613$0$0$2,907,496
82$6,951,127$0$0$3,153,403
83$7,537,520$0$0$3,422,798
84$8,179,861$0$0$3,718,024
85$8,883,738$0$0$4,041,666
86$9,655,300$0$0$4,396,568
87$10,501,321$0$0$4,785,864
88$11,429,265$0$0$5,213,004
89$12,447,348$0$0$5,681,791
90$13,564,623$0$0$6,196,411
91$14,791,061$0$0$6,761,478
92$16,137,645$0$0$7,382,072
93$17,616,474$0$0$8,063,790
94$19,240,877$0$0$8,812,799
95$21,025,536$0$0$9,635,893
96$22,986,626$0$0$10,540,553
97$25,141,966$0$0$11,535,026
98$27,511,188$0$0$12,628,394
99$30,115,921$0$0$13,830,664
100$32,979,992$0$0$15,152,863