Can I retire at age 53 with 925,000?

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 $925,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$76,386$75,705$75,041$74,393$73,761$73,143
2 years$37,815$37,110$36,428$35,766$35,124$34,501
3 years$24,959$24,252$23,571$22,916$22,284$21,676
4 years$18,533$17,828$17,154$16,509$15,893$15,304
5 years$14,678$13,977$13,312$12,681$12,082$11,513
6 years$12,109$11,413$10,758$10,141$9,560$9,013
7 years$10,275$9,585$8,940$8,337$7,775$7,250
8 years$8,900$8,216$7,582$6,994$6,450$5,947
9 years$7,831$7,154$6,530$5,957$5,432$4,950
10 years$6,976$6,306$5,693$5,135$4,628$4,168
11 years$6,277$5,613$5,012$4,469$3,980$3,541
12 years$5,695$5,038$4,448$3,920$3,449$3,031
13 years$5,203$4,553$3,974$3,461$3,008$2,610
14 years$4,782$4,139$3,571$3,072$2,637$2,258
15 years$4,417$3,781$3,224$2,740$2,322$1,962
16 years$4,098$3,469$2,923$2,453$2,052$1,711
17 years$3,817$3,195$2,660$2,204$1,819$1,496
18 years$3,567$2,952$2,428$1,986$1,618$1,312
19 years$3,344$2,736$2,223$1,795$1,442$1,153
20 years$3,144$2,542$2,040$1,626$1,288$1,015
21 years$2,963$2,368$1,876$1,475$1,152$895
22 years$2,798$2,211$1,729$1,341$1,033$791
23 years$2,648$2,067$1,597$1,222$927$699
24 years$2,511$1,937$1,477$1,114$833$619
25 years$2,385$1,818$1,368$1,018$750$549
26 years$2,269$1,708$1,269$930$676$487
27 years$2,161$1,608$1,178$852$609$432
28 years$2,062$1,515$1,095$780$550$384
29 years$1,969$1,429$1,019$716$496$341
30 years$1,883$1,350$949$657$448$303
31 years$1,802$1,276$885$603$405$270
32 years$1,727$1,207$826$554$367$240
33 years$1,657$1,143$771$510$332$214
34 years$1,590$1,084$720$469$300$190
35 years$1,528$1,028$673$432$272$169
36 years$1,469$976$630$398$247$151
37 years$1,414$927$590$366$223$135
38 years$1,361$881$552$338$203$120
39 years$1,312$837$517$311$184$107
40 years$1,265$797$485$287$167$95
41 years$1,220$758$455$265$151$85
42 years$1,178$722$426$245$137$76
43 years$1,137$688$400$226$125$68
44 years$1,099$656$376$208$113$60
45 years$1,062$626$353$192$103$54
46 years$1,028$597$331$178$93$48
47 years$994$569$311$164$85$43
48 years$963$544$292$152$77$38
49 years$932$519$275$140$70$34
50 years$903$496$258$130$63$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $925,000, adding $4,786 every year, while hoping to spend $44,067 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: 51/30/19 Blend
52$925,000$925,000$925,000$925,000
53$1,024,287$975,262$960,924$1,070,916
54$1,081,877$976,163$946,228$1,104,468
55$1,143,865$975,631$929,563$1,135,974
56$1,210,651$973,549$910,816$1,169,285
57$1,282,679$969,794$889,870$1,204,586
58$1,360,433$964,235$866,600$1,242,084
59$1,444,445$956,730$840,880$1,282,011
60$1,535,302$947,134$812,573$1,324,622
61$1,633,647$935,288$781,539$1,370,202
62$1,740,189$921,026$747,630$1,419,068
63$1,855,705$904,173$710,692$1,471,572
64$1,981,051$884,542$670,564$1,528,104
65$2,117,168$861,935$627,078$1,589,098
66$2,265,092$836,142$580,058$1,655,036
67$2,425,961$806,943$529,320$1,726,452
68$2,601,029$774,103$474,672$1,803,939
69$2,791,674$737,374$415,913$1,888,155
70$2,999,412$696,493$352,834$1,979,828
71$3,225,914$651,183$285,216$2,079,768
72$3,473,017$601,150$212,830$2,188,868
73$3,742,743$546,085$135,438$2,308,122
74$4,037,319$485,659$52,791$2,438,629
75$4,359,195$419,526$0$2,581,607
76$4,711,070$347,320$0$2,745,581
77$5,095,914$268,654$0$2,936,755
78$5,516,998$183,118$0$3,146,123
79$5,977,924$90,283$0$3,375,574
80$6,482,657$0$0$3,627,192
81$7,035,565$0$0$3,906,685
82$7,641,457$0$0$4,245,714
83$8,305,631$0$0$4,617,451
84$9,033,919$0$0$5,025,174
85$9,832,749$0$0$5,472,492
86$10,709,196$0$0$5,963,381
87$11,671,056$0$0$6,502,220
88$12,726,916$0$0$7,093,834
89$13,886,234$0$0$7,743,538
90$15,159,429$0$0$8,457,184
91$16,557,980$0$0$9,241,221
92$18,094,530$0$0$10,102,755
93$19,783,008$0$0$11,049,612
94$21,638,761$0$0$12,090,413
95$23,678,693$0$0$13,234,660
96$25,921,432$0$0$14,492,817
97$28,387,496$0$0$15,876,414
98$31,099,494$0$0$17,398,157
99$34,082,336$0$0$19,072,041
100$37,363,463$0$0$20,913,489