Can I retire at age 53 with 925,000?

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 $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%16%
1 years$76,386$75,705$75,041$74,393$73,761$71,948
2 years$37,815$37,110$36,428$35,766$35,124$33,309
3 years$24,959$24,252$23,571$22,916$22,284$20,524
4 years$18,533$17,828$17,154$16,509$15,893$14,201
5 years$14,678$13,977$13,312$12,681$12,082$10,462
6 years$12,109$11,413$10,758$10,141$9,560$8,014
7 years$10,275$9,585$8,940$8,337$7,775$6,304
8 years$8,900$8,216$7,582$6,994$6,450$5,053
9 years$7,831$7,154$6,530$5,957$5,432$4,107
10 years$6,976$6,306$5,693$5,135$4,628$3,374
11 years$6,277$5,613$5,012$4,469$3,980$2,796
12 years$5,695$5,038$4,448$3,920$3,449$2,332
13 years$5,203$4,553$3,974$3,461$3,008$1,956
14 years$4,782$4,139$3,571$3,072$2,637$1,647
15 years$4,417$3,781$3,224$2,740$2,322$1,393
16 years$4,098$3,469$2,923$2,453$2,052$1,181
17 years$3,817$3,195$2,660$2,204$1,819$1,004
18 years$3,567$2,952$2,428$1,986$1,618$855
19 years$3,344$2,736$2,223$1,795$1,442$730
20 years$3,144$2,542$2,040$1,626$1,288$624
21 years$2,963$2,368$1,876$1,475$1,152$534
22 years$2,798$2,211$1,729$1,341$1,033$457
23 years$2,648$2,067$1,597$1,222$927$392
24 years$2,511$1,937$1,477$1,114$833$336
25 years$2,385$1,818$1,368$1,018$750$289
26 years$2,269$1,708$1,269$930$676$248
27 years$2,161$1,608$1,178$852$609$213
28 years$2,062$1,515$1,095$780$550$183
29 years$1,969$1,429$1,019$716$496$158
30 years$1,883$1,350$949$657$448$136
31 years$1,802$1,276$885$603$405$117
32 years$1,727$1,207$826$554$367$101
33 years$1,657$1,143$771$510$332$87
34 years$1,590$1,084$720$469$300$75
35 years$1,528$1,028$673$432$272$64
36 years$1,469$976$630$398$247$55
37 years$1,414$927$590$366$223$48
38 years$1,361$881$552$338$203$41
39 years$1,312$837$517$311$184$35
40 years$1,265$797$485$287$167$30
41 years$1,220$758$455$265$151$26
42 years$1,178$722$426$245$137$23
43 years$1,137$688$400$226$125$20
44 years$1,099$656$376$208$113$17
45 years$1,062$626$353$192$103$14
46 years$1,028$597$331$178$93$12
47 years$994$569$311$164$85$11
48 years$963$544$292$152$77$9
49 years$932$519$275$140$70$8
50 years$903$496$258$130$63$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $925,000, adding $2,559 every year, while hoping to spend $36,753 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: 62/27/11 Blend
52$925,000$925,000$925,000$925,000
53$1,021,990$972,965$958,627$1,082,607
54$1,087,128$981,535$951,636$1,132,090
55$1,157,678$989,293$943,179$1,181,628
56$1,234,154$996,162$933,168$1,234,788
57$1,317,120$1,002,055$921,512$1,291,923
58$1,407,196$1,006,886$908,112$1,353,420
59$1,505,065$1,010,559$892,870$1,419,708
60$1,611,479$1,012,974$875,678$1,491,259
61$1,727,264$1,014,023$856,427$1,568,595
62$1,853,328$1,013,593$835,000$1,652,292
63$1,990,671$1,011,564$811,277$1,742,985
64$2,140,396$1,007,806$785,131$1,841,377
65$2,303,712$1,002,185$756,429$1,948,241
66$2,481,954$994,556$725,033$2,064,432
67$2,676,590$984,765$690,798$2,190,893
68$2,889,235$972,652$653,572$2,328,665
69$3,121,669$958,043$613,198$2,478,898
70$3,375,849$940,757$569,510$2,642,858
71$3,653,932$920,600$522,335$2,821,946
72$3,958,292$897,369$471,493$3,017,705
73$4,291,545$870,847$416,795$3,231,839
74$4,656,569$840,805$358,044$3,466,228
75$5,056,535$807,001$295,035$3,722,947
76$5,494,935$769,177$227,551$4,004,284
77$5,975,614$727,063$155,371$4,312,765
78$6,502,809$680,371$78,258$4,651,176
79$7,081,185$628,799$0$5,022,591
80$7,715,881$572,025$0$5,430,876
81$8,412,556$509,710$0$5,889,131
82$9,177,447$441,495$0$6,392,319
83$10,017,421$367,003$0$6,945,026
84$10,940,045$285,833$0$7,552,308
85$11,953,652$197,561$0$8,219,739
86$13,067,426$101,743$0$8,953,468
87$14,291,482$0$0$9,760,270
88$15,636,963$0$0$10,648,243
89$17,116,148$0$0$11,657,761
90$18,742,562$0$0$12,767,837
91$20,531,109$0$0$13,988,651
92$22,498,206$0$0$15,331,422
93$24,661,945$0$0$16,808,507
94$27,042,256$0$0$18,433,522
95$29,661,099$0$0$20,221,472
96$32,542,672$0$0$22,188,886
97$35,713,633$0$0$24,353,978
98$39,203,358$0$0$26,736,817
99$43,044,213$0$0$29,359,516
100$47,271,863$0$0$32,246,440