Can I retire at age 53 with 924,000?

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 $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%16.7%
1 years$76,303$75,623$74,960$74,313$73,681$71,667
2 years$37,774$37,070$36,388$35,727$35,086$33,072
3 years$24,932$24,226$23,546$22,891$22,260$20,309
4 years$18,513$17,809$17,135$16,492$15,876$14,002
5 years$14,662$13,962$13,298$12,667$12,069$10,278
6 years$12,096$11,401$10,747$10,130$9,550$7,843
7 years$10,264$9,575$8,930$8,328$7,766$6,145
8 years$8,890$8,207$7,574$6,987$6,443$4,905
9 years$7,822$7,146$6,523$5,951$5,426$3,970
10 years$6,968$6,299$5,687$5,130$4,623$3,248
11 years$6,270$5,607$5,007$4,464$3,976$2,679
12 years$5,689$5,033$4,443$3,916$3,446$2,224
13 years$5,198$4,548$3,970$3,457$3,005$1,857
14 years$4,777$4,134$3,567$3,069$2,634$1,556
15 years$4,412$3,777$3,221$2,737$2,319$1,309
16 years$4,094$3,465$2,920$2,451$2,050$1,105
17 years$3,813$3,191$2,657$2,202$1,817$934
18 years$3,564$2,949$2,425$1,984$1,616$792
19 years$3,341$2,733$2,220$1,793$1,440$672
20 years$3,140$2,540$2,038$1,624$1,286$571
21 years$2,959$2,366$1,874$1,474$1,151$486
22 years$2,795$2,208$1,728$1,340$1,032$414
23 years$2,645$2,065$1,595$1,220$926$353
24 years$2,508$1,935$1,475$1,113$833$301
25 years$2,382$1,816$1,366$1,017$749$257
26 years$2,266$1,707$1,267$929$675$220
27 years$2,159$1,606$1,177$851$608$188
28 years$2,059$1,513$1,094$779$549$161
29 years$1,967$1,428$1,018$715$496$137
30 years$1,881$1,348$948$656$448$118
31 years$1,800$1,275$884$602$405$101
32 years$1,725$1,206$825$554$366$86
33 years$1,655$1,142$770$509$332$74
34 years$1,589$1,083$720$468$300$63
35 years$1,526$1,027$673$431$272$54
36 years$1,468$975$629$397$246$46
37 years$1,412$926$589$366$223$40
38 years$1,360$880$552$337$202$34
39 years$1,310$836$517$311$184$29
40 years$1,263$796$484$287$166$25
41 years$1,219$758$454$265$151$21
42 years$1,176$721$426$244$137$18
43 years$1,136$687$400$225$124$16
44 years$1,098$655$375$208$113$13
45 years$1,061$625$352$192$102$11
46 years$1,027$596$331$178$93$10
47 years$993$569$311$164$84$8
48 years$962$543$292$152$77$7
49 years$931$519$275$140$70$6
50 years$902$495$258$130$63$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $924,000, adding $2,689 every year, while hoping to spend $21,314 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: 68/12/20 Blend
52$924,000$924,000$924,000$924,000
53$1,021,022$972,050$957,728$1,085,209
54$1,102,488$997,002$967,134$1,153,428
55$1,191,549$1,022,463$976,140$1,225,292
56$1,288,958$1,048,435$984,712$1,303,388
57$1,395,543$1,074,919$992,811$1,388,328
58$1,512,215$1,101,916$1,000,396$1,480,788
59$1,639,979$1,129,428$1,007,428$1,581,512
60$1,779,941$1,157,454$1,013,861$1,691,320
61$1,933,318$1,185,993$1,019,648$1,811,114
62$2,101,453$1,215,043$1,024,742$1,941,890
63$2,285,821$1,244,600$1,029,092$2,084,743
64$2,488,051$1,274,661$1,032,642$2,240,881
65$2,709,934$1,305,222$1,035,338$2,411,635
66$2,953,444$1,336,275$1,037,118$2,598,472
67$3,220,756$1,367,813$1,037,923$2,803,006
68$3,514,265$1,399,827$1,037,685$3,027,018
69$3,836,609$1,432,307$1,036,336$3,272,470
70$4,190,694$1,465,242$1,033,804$3,541,523
71$4,579,723$1,498,617$1,030,015$3,836,559
72$5,007,222$1,532,417$1,024,888$4,160,205
73$5,477,078$1,566,624$1,018,341$4,515,351
74$5,993,572$1,601,220$1,010,287$4,905,186
75$6,561,419$1,636,183$1,000,635$5,333,223
76$7,185,817$1,671,489$989,289$5,803,333
77$7,872,490$1,707,112$976,150$6,319,783
78$8,627,746$1,743,022$961,113$6,887,273
79$9,458,534$1,779,189$944,068$7,510,985
80$10,372,512$1,815,576$924,902$8,196,629
81$11,378,115$1,852,146$903,493$8,950,498
82$12,484,640$1,888,858$879,717$9,779,525
83$13,702,327$1,925,667$853,441$10,691,353
84$15,042,463$1,962,523$824,530$11,694,404
85$16,517,481$1,999,373$792,839$12,797,961
86$18,141,083$2,036,161$758,218$14,012,251
87$19,928,365$2,072,824$720,509$15,348,547
88$21,895,962$2,109,296$679,550$16,819,273
89$24,062,203$2,145,505$635,168$18,438,120
90$26,447,285$2,181,373$587,184$20,220,175
91$29,073,465$2,216,816$535,411$22,182,068
92$31,965,264$2,251,746$479,653$24,342,122
93$35,149,705$2,286,065$419,705$26,720,535
94$38,656,565$2,319,672$355,355$29,339,560
95$42,518,654$2,352,456$286,379$32,223,728
96$46,772,129$2,384,299$212,545$35,400,067
97$51,456,830$2,415,073$133,610$38,898,368
98$56,616,660$2,444,645$49,319$42,751,460
99$62,299,997$2,472,870$0$46,995,523
100$68,560,149$2,499,594$0$51,679,099