Can I retire at age 53 with 926,000?

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 $926,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$76,468$75,787$75,123$74,474$73,841$72,439
2 years$37,856$37,151$36,467$35,805$35,162$33,755
3 years$24,986$24,278$23,597$22,940$22,308$20,940
4 years$18,553$17,847$17,172$16,527$15,910$14,592
5 years$14,694$13,992$13,326$12,695$12,095$10,829
6 years$12,122$11,426$10,770$10,152$9,570$8,359
7 years$10,286$9,595$8,950$8,346$7,783$6,627
8 years$8,909$8,225$7,590$7,002$6,457$5,355
9 years$7,839$7,161$6,537$5,964$5,438$4,390
10 years$6,984$6,312$5,699$5,141$4,633$3,638
11 years$6,284$5,620$5,018$4,474$3,985$3,041
12 years$5,701$5,044$4,453$3,924$3,453$2,560
13 years$5,209$4,558$3,978$3,465$3,011$2,167
14 years$4,787$4,143$3,575$3,076$2,640$1,843
15 years$4,422$3,785$3,227$2,743$2,324$1,573
16 years$4,103$3,473$2,926$2,456$2,054$1,347
17 years$3,821$3,198$2,663$2,207$1,821$1,157
18 years$3,571$2,955$2,431$1,989$1,619$996
19 years$3,348$2,739$2,225$1,797$1,443$858
20 years$3,147$2,545$2,042$1,627$1,289$741
21 years$2,966$2,371$1,878$1,477$1,154$641
22 years$2,801$2,213$1,731$1,343$1,034$555
23 years$2,651$2,070$1,598$1,223$928$481
24 years$2,514$1,939$1,478$1,115$834$418
25 years$2,387$1,820$1,369$1,019$751$363
26 years$2,271$1,710$1,270$931$676$315
27 years$2,164$1,610$1,179$853$610$274
28 years$2,064$1,517$1,096$781$550$238
29 years$1,971$1,431$1,020$716$497$207
30 years$1,885$1,351$950$657$449$180
31 years$1,804$1,277$886$604$406$157
32 years$1,729$1,209$827$555$367$137
33 years$1,658$1,145$772$510$332$119
34 years$1,592$1,085$721$469$301$104
35 years$1,530$1,029$674$432$272$90
36 years$1,471$977$631$398$247$79
37 years$1,415$928$590$367$224$69
38 years$1,363$882$553$338$203$60
39 years$1,313$838$518$312$184$52
40 years$1,266$798$485$287$167$46
41 years$1,221$759$455$265$151$40
42 years$1,179$723$427$245$137$35
43 years$1,139$689$401$226$125$30
44 years$1,100$657$376$209$113$26
45 years$1,064$626$353$193$103$23
46 years$1,029$597$332$178$93$20
47 years$995$570$312$164$85$18
48 years$964$544$293$152$77$15
49 years$933$520$275$140$70$13
50 years$904$496$259$130$63$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $926,000, adding $4,830 every year, while hoping to spend $26,604 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: 65/21/14 Blend
52$926,000$926,000$926,000$926,000
53$1,025,434$976,356$962,003$1,088,387
54$1,101,722$995,891$965,924$1,150,609
55$1,184,900$1,015,492$969,084$1,215,036
56$1,275,641$1,035,133$971,431$1,284,776
57$1,374,690$1,054,788$972,907$1,360,345
58$1,482,864$1,074,427$973,454$1,442,314
59$1,601,061$1,094,020$973,010$1,531,313
60$1,730,273$1,113,531$971,510$1,628,034
61$1,871,592$1,132,924$968,886$1,733,240
62$2,026,216$1,152,160$965,066$1,847,772
63$2,195,470$1,171,195$959,976$1,972,558
64$2,380,809$1,189,985$953,536$2,108,619
65$2,583,836$1,208,479$945,664$2,257,082
66$2,806,318$1,226,625$936,275$2,419,187
67$3,050,200$1,244,367$925,277$2,596,301
68$3,317,623$1,261,643$912,576$2,789,933
69$3,610,947$1,278,390$898,074$3,001,744
70$3,932,770$1,294,538$881,666$3,233,564
71$4,285,954$1,310,012$863,243$3,487,412
72$4,673,653$1,324,734$842,693$3,765,513
73$5,099,338$1,338,619$819,896$4,070,318
74$5,566,836$1,351,576$794,728$4,404,531
75$6,080,361$1,363,511$767,059$4,771,129
76$6,644,555$1,374,321$736,753$5,173,397
77$7,264,533$1,383,896$703,668$5,614,952
78$7,945,929$1,392,120$667,654$6,099,785
79$8,694,950$1,398,871$628,557$6,632,292
80$9,518,436$1,404,016$586,215$7,217,319
81$10,423,920$1,407,416$540,456$7,860,207
82$11,419,703$1,408,923$491,105$8,566,846
83$12,514,931$1,408,379$437,976$9,343,723
84$13,719,681$1,405,616$380,875$10,197,993
85$15,045,054$1,400,457$319,600$11,137,540
86$16,503,284$1,392,714$253,940$12,171,053
87$18,107,847$1,382,185$183,676$13,308,111
88$19,873,595$1,368,659$108,576$14,559,272
89$21,816,889$1,351,911$28,401$15,936,171
90$23,955,759$1,331,702$0$17,451,636
91$26,310,070$1,307,780$0$19,128,340
92$28,901,713$1,279,876$0$20,978,408
93$31,754,805$1,247,708$0$23,014,808
94$34,895,924$1,210,974$0$25,256,510
95$38,354,354$1,169,358$0$27,724,420
96$42,162,364$1,122,522$0$30,441,579
97$46,355,511$1,070,111$0$33,433,376
98$50,972,975$1,011,749$0$36,727,795
99$56,057,931$947,037$0$40,355,671
100$61,657,952$875,553$0$44,350,991