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%12.2%
1 years$76,138$75,460$74,798$74,152$73,522$72,845
2 years$37,692$36,990$36,310$35,650$35,010$34,328
3 years$24,878$24,173$23,495$22,841$22,212$21,546
4 years$18,473$17,770$17,098$16,456$15,842$15,197
5 years$14,631$13,932$13,269$12,640$12,043$11,421
6 years$12,070$11,376$10,723$10,108$9,529$8,931
7 years$10,241$9,554$8,911$8,310$7,750$7,176
8 years$8,871$8,189$7,557$6,971$6,429$5,879
9 years$7,805$7,130$6,509$5,938$5,414$4,888
10 years$6,953$6,285$5,675$5,119$4,613$4,111
11 years$6,257$5,595$4,996$4,455$3,967$3,489
12 years$5,677$5,022$4,434$3,907$3,438$2,982
13 years$5,186$4,538$3,961$3,450$2,998$2,564
14 years$4,766$4,125$3,559$3,062$2,628$2,216
15 years$4,403$3,769$3,214$2,731$2,314$1,923
16 years$4,085$3,458$2,914$2,445$2,045$1,674
17 years$3,805$3,184$2,651$2,197$1,813$1,462
18 years$3,556$2,942$2,420$1,980$1,612$1,280
19 years$3,333$2,727$2,216$1,789$1,437$1,124
20 years$3,134$2,534$2,033$1,620$1,284$988
21 years$2,953$2,360$1,870$1,471$1,149$870
22 years$2,789$2,203$1,724$1,337$1,030$767
23 years$2,640$2,061$1,592$1,218$924$677
24 years$2,503$1,931$1,472$1,111$831$599
25 years$2,377$1,812$1,363$1,014$748$530
26 years$2,261$1,703$1,264$927$673$469
27 years$2,154$1,603$1,174$849$607$416
28 years$2,055$1,510$1,091$778$548$369
29 years$1,963$1,425$1,016$713$495$327
30 years$1,877$1,345$946$655$447$290
31 years$1,797$1,272$882$601$404$258
32 years$1,722$1,203$823$552$366$229
33 years$1,651$1,140$768$508$331$204
34 years$1,585$1,080$718$467$300$181
35 years$1,523$1,025$671$430$271$161
36 years$1,464$972$628$396$246$143
37 years$1,409$924$588$365$223$127
38 years$1,357$878$550$337$202$113
39 years$1,307$835$516$310$183$101
40 years$1,261$794$483$286$166$90
41 years$1,216$756$453$264$151$80
42 years$1,174$720$425$244$137$71
43 years$1,134$686$399$225$124$63
44 years$1,095$654$374$208$113$56
45 years$1,059$623$352$192$102$50
46 years$1,024$595$330$177$93$45
47 years$991$568$310$164$84$40
48 years$959$542$292$151$77$36
49 years$929$517$274$140$70$32
50 years$900$494$258$129$63$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $922,000, adding $3,920 every year, while hoping to spend $41,237 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: 71/12/17 Blend
52$922,000$922,000$922,000$922,000
53$1,020,087$971,221$956,930$1,088,182
54$1,080,261$974,935$945,112$1,137,679
55$1,145,189$977,449$931,515$1,186,524
56$1,215,315$978,661$916,037$1,238,945
57$1,291,123$978,461$898,570$1,295,288
58$1,373,147$976,735$879,002$1,355,937
59$1,461,972$973,359$857,213$1,421,314
60$1,558,244$968,204$833,080$1,491,886
61$1,662,670$961,132$806,474$1,568,166
62$1,776,031$951,996$777,259$1,650,723
63$1,899,183$940,641$745,294$1,740,183
64$2,033,070$926,903$710,432$1,837,238
65$2,178,729$910,606$672,517$1,942,650
66$2,337,301$891,568$631,388$2,057,260
67$2,510,042$869,591$586,876$2,181,998
68$2,698,334$844,469$538,804$2,317,886
69$2,903,698$815,982$486,988$2,466,057
70$3,127,809$783,898$431,236$2,627,757
71$3,372,509$747,973$371,345$2,804,361
72$3,639,827$707,945$307,107$2,997,387
73$3,931,996$663,541$238,302$3,208,510
74$4,251,474$614,470$164,700$3,439,578
75$4,600,970$560,424$86,063$3,692,626
76$4,983,463$501,079$2,140$3,969,904
77$5,402,236$436,092$0$4,273,890
78$5,860,903$365,099$0$4,623,177
79$6,363,445$287,719$0$5,006,369
80$6,914,246$203,546$0$5,426,455
81$7,518,132$112,154$0$5,887,159
82$8,180,422$13,089$0$6,392,585
83$8,906,972$0$0$6,947,254
84$9,704,232$0$0$7,568,579
85$10,579,309$0$0$8,252,494
86$11,540,028$0$0$9,003,394
87$12,595,013$0$0$9,828,024
88$13,753,760$0$0$10,733,814
89$15,026,731$0$0$11,728,949
90$16,425,454$0$0$12,822,447
91$17,962,625$0$0$14,024,242
92$19,652,233$0$0$15,345,278
93$21,509,691$0$0$16,797,613
94$23,551,976$0$0$18,394,529
95$25,797,796$0$0$20,150,664
96$28,267,760$0$0$22,082,141
97$30,984,576$0$0$24,206,726
98$33,973,262$0$0$26,543,993
99$37,261,385$0$0$29,115,509
100$40,879,316$0$0$31,945,036