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%19.2%
1 years$76,138$75,460$74,798$74,152$73,522$70,800
2 years$37,692$36,990$36,310$35,650$35,010$32,299
3 years$24,878$24,173$23,495$22,841$22,212$19,597
4 years$18,473$17,770$17,098$16,456$15,842$13,342
5 years$14,631$13,932$13,269$12,640$12,043$9,665
6 years$12,070$11,376$10,723$10,108$9,529$7,275
7 years$10,241$9,554$8,911$8,310$7,750$5,619
8 years$8,871$8,189$7,557$6,971$6,429$4,420
9 years$7,805$7,130$6,509$5,938$5,414$3,523
10 years$6,953$6,285$5,675$5,119$4,613$2,837
11 years$6,257$5,595$4,996$4,455$3,967$2,303
12 years$5,677$5,022$4,434$3,907$3,438$1,881
13 years$5,186$4,538$3,961$3,450$2,998$1,543
14 years$4,766$4,125$3,559$3,062$2,628$1,271
15 years$4,403$3,769$3,214$2,731$2,314$1,051
16 years$4,085$3,458$2,914$2,445$2,045$871
17 years$3,805$3,184$2,651$2,197$1,813$723
18 years$3,556$2,942$2,420$1,980$1,612$601
19 years$3,333$2,727$2,216$1,789$1,437$501
20 years$3,134$2,534$2,033$1,620$1,284$418
21 years$2,953$2,360$1,870$1,471$1,149$349
22 years$2,789$2,203$1,724$1,337$1,030$291
23 years$2,640$2,061$1,592$1,218$924$244
24 years$2,503$1,931$1,472$1,111$831$204
25 years$2,377$1,812$1,363$1,014$748$171
26 years$2,261$1,703$1,264$927$673$143
27 years$2,154$1,603$1,174$849$607$120
28 years$2,055$1,510$1,091$778$548$100
29 years$1,963$1,425$1,016$713$495$84
30 years$1,877$1,345$946$655$447$70
31 years$1,797$1,272$882$601$404$59
32 years$1,722$1,203$823$552$366$49
33 years$1,651$1,140$768$508$331$41
34 years$1,585$1,080$718$467$300$35
35 years$1,523$1,025$671$430$271$29
36 years$1,464$972$628$396$246$24
37 years$1,409$924$588$365$223$21
38 years$1,357$878$550$337$202$17
39 years$1,307$835$516$310$183$14
40 years$1,261$794$483$286$166$12
41 years$1,216$756$453$264$151$10
42 years$1,174$720$425$244$137$9
43 years$1,134$686$399$225$124$7
44 years$1,095$654$374$208$113$6
45 years$1,059$623$352$192$102$5
46 years$1,024$595$330$177$93$4
47 years$991$568$310$164$84$4
48 years$959$542$292$151$77$3
49 years$929$517$274$140$70$2
50 years$900$494$258$129$63$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $922,000, adding $3,392 every year, while hoping to spend $50,744 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: 64/7/29 Blend
52$922,000$922,000$922,000$922,000
53$1,019,543$970,677$956,386$1,076,709
54$1,069,545$964,249$934,434$1,109,431
55$1,122,947$955,805$910,045$1,139,298
56$1,180,041$945,193$883,085$1,170,844
57$1,241,149$932,252$853,413$1,204,241
58$1,306,624$916,810$820,880$1,239,681
59$1,376,852$898,686$785,332$1,277,377
60$1,452,257$877,688$746,607$1,317,566
61$1,533,305$853,612$704,536$1,360,511
62$1,620,507$826,244$658,942$1,406,504
63$1,714,424$795,355$609,642$1,455,868
64$1,815,672$760,704$556,441$1,508,963
65$1,924,928$722,036$499,140$1,566,188
66$2,042,936$679,081$437,526$1,627,983
67$2,170,513$631,554$371,381$1,694,840
68$2,308,558$579,152$300,475$1,767,300
69$2,458,058$521,558$224,568$1,845,966
70$2,620,099$458,433$143,410$1,931,503
71$2,795,874$389,422$56,740$2,024,649
72$2,986,697$314,148$0$2,126,221
73$3,194,012$232,213$0$2,248,187
74$3,419,408$143,197$0$2,399,939
75$3,664,631$46,657$0$2,565,101
76$3,931,605$0$0$2,744,995
77$4,222,445$0$0$2,945,533
78$4,539,481$0$0$3,168,109
79$4,885,273$0$0$3,410,934
80$5,262,644$0$0$3,675,998
81$5,674,698$0$0$3,965,489
82$6,124,852$0$0$4,281,815
83$6,616,868$0$0$4,627,630
84$7,154,890$0$0$5,005,854
85$7,743,477$0$0$5,419,702
86$8,387,653$0$0$5,872,715
87$9,092,946$0$0$6,368,792
88$9,865,445$0$0$6,912,226
89$10,711,859$0$0$7,507,745
90$11,639,570$0$0$8,160,557
91$12,656,714$0$0$8,876,398
92$13,772,248$0$0$9,661,583
93$14,996,041$0$0$10,523,070
94$16,338,959$0$0$11,468,524
95$17,812,975$0$0$12,506,384
96$19,431,275$0$0$13,645,951
97$21,208,385$0$0$14,897,467
98$23,160,306$0$0$16,272,216
99$25,304,666$0$0$17,782,629
100$27,660,884$0$0$19,442,398