Can I retire at age 53 with 924,000?

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 $924,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$76,303$75,623$74,960$74,313$73,681$72,610
2 years$37,774$37,070$36,388$35,727$35,086$34,009
3 years$24,932$24,226$23,546$22,891$22,260$21,211
4 years$18,513$17,809$17,135$16,492$15,876$14,863
5 years$14,662$13,962$13,298$12,667$12,069$11,094
6 years$12,096$11,401$10,747$10,130$9,550$8,615
7 years$10,264$9,575$8,930$8,328$7,766$6,872
8 years$8,890$8,207$7,574$6,987$6,443$5,589
9 years$7,822$7,146$6,523$5,951$5,426$4,611
10 years$6,968$6,299$5,687$5,130$4,623$3,847
11 years$6,270$5,607$5,007$4,464$3,976$3,239
12 years$5,689$5,033$4,443$3,916$3,446$2,745
13 years$5,198$4,548$3,970$3,457$3,005$2,341
14 years$4,777$4,134$3,567$3,069$2,634$2,006
15 years$4,412$3,777$3,221$2,737$2,319$1,725
16 years$4,094$3,465$2,920$2,451$2,050$1,489
17 years$3,813$3,191$2,657$2,202$1,817$1,288
18 years$3,564$2,949$2,425$1,984$1,616$1,118
19 years$3,341$2,733$2,220$1,793$1,440$972
20 years$3,140$2,540$2,038$1,624$1,286$846
21 years$2,959$2,366$1,874$1,474$1,151$738
22 years$2,795$2,208$1,728$1,340$1,032$644
23 years$2,645$2,065$1,595$1,220$926$563
24 years$2,508$1,935$1,475$1,113$833$493
25 years$2,382$1,816$1,366$1,017$749$432
26 years$2,266$1,707$1,267$929$675$378
27 years$2,159$1,606$1,177$851$608$332
28 years$2,059$1,513$1,094$779$549$291
29 years$1,967$1,428$1,018$715$496$256
30 years$1,881$1,348$948$656$448$225
31 years$1,800$1,275$884$602$405$197
32 years$1,725$1,206$825$554$366$173
33 years$1,655$1,142$770$509$332$152
34 years$1,589$1,083$720$468$300$134
35 years$1,526$1,027$673$431$272$118
36 years$1,468$975$629$397$246$104
37 years$1,412$926$589$366$223$91
38 years$1,360$880$552$337$202$80
39 years$1,310$836$517$311$184$71
40 years$1,263$796$484$287$166$62
41 years$1,219$758$454$265$151$55
42 years$1,176$721$426$244$137$48
43 years$1,136$687$400$225$124$42
44 years$1,098$655$375$208$113$37
45 years$1,061$625$352$192$102$33
46 years$1,027$596$331$178$93$29
47 years$993$569$311$164$84$26
48 years$962$543$292$152$77$23
49 years$931$519$275$140$70$20
50 years$902$495$258$130$63$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $924,000, adding $5,264 every year, while hoping to spend $43,017 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: 29/49/22 Blend
52$924,000$924,000$924,000$924,000
53$1,023,678$974,706$960,384$1,046,187
54$1,082,323$976,697$946,787$1,065,982
55$1,145,509$977,343$931,293$1,083,072
56$1,213,652$976,534$913,792$1,100,545
57$1,287,212$974,152$894,172$1,118,461
58$1,366,692$970,070$872,312$1,136,890
59$1,452,648$964,157$848,087$1,155,911
60$1,545,687$956,270$821,367$1,175,618
61$1,646,480$946,259$792,015$1,196,116
62$1,755,762$933,967$759,889$1,217,527
63$1,874,343$919,225$724,839$1,239,989
64$2,003,114$901,855$686,709$1,263,659
65$2,143,053$881,668$645,335$1,288,717
66$2,295,238$858,463$600,547$1,315,365
67$2,460,854$832,029$552,168$1,343,833
68$2,641,206$802,143$500,010$1,374,380
69$2,837,727$768,567$443,878$1,407,299
70$3,051,998$731,049$383,571$1,442,920
71$3,285,757$689,325$318,875$1,481,612
72$3,540,916$643,114$249,570$1,523,794
73$3,819,582$592,119$175,423$1,569,933
74$4,124,072$536,027$96,193$1,620,554
75$4,456,940$474,504$11,628$1,676,244
76$4,820,995$407,202$0$1,737,663
77$5,219,332$333,750$0$1,824,001
78$5,655,356$253,756$0$1,921,739
79$6,132,820$166,808$0$2,029,129
80$6,655,855$72,469$0$2,147,269
81$7,229,010$0$0$2,277,373
82$7,857,296$0$0$2,436,819
83$8,546,232$0$0$2,654,651
84$9,301,894$0$0$2,893,735
85$10,130,979$0$0$3,156,206
86$11,040,860$0$0$3,444,420
87$12,039,659$0$0$3,760,970
88$13,136,323$0$0$4,108,712
89$14,340,708$0$0$4,490,793
90$15,663,672$0$0$4,910,682
91$17,117,175$0$0$5,372,196
92$18,714,393$0$0$5,879,544
93$20,469,843$0$0$6,437,363
94$22,399,515$0$0$7,050,760
95$24,521,029$0$0$7,725,361
96$26,853,796$0$0$8,467,368
97$29,419,201$0$0$9,283,611
98$32,240,806$0$0$10,181,617
99$35,344,571$0$0$11,169,679
100$38,759,100$0$0$12,256,933