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%12.6%
1 years$76,468$75,787$75,123$74,474$73,841$73,039
2 years$37,856$37,151$36,467$35,805$35,162$34,355
3 years$24,986$24,278$23,597$22,940$22,308$21,521
4 years$18,553$17,847$17,172$16,527$15,910$15,149
5 years$14,694$13,992$13,326$12,695$12,095$11,361
6 years$12,122$11,426$10,770$10,152$9,570$8,865
7 years$10,286$9,595$8,950$8,346$7,783$7,107
8 years$8,909$8,225$7,590$7,002$6,457$5,810
9 years$7,839$7,161$6,537$5,964$5,438$4,819
10 years$6,984$6,312$5,699$5,141$4,633$4,043
11 years$6,284$5,620$5,018$4,474$3,985$3,422
12 years$5,701$5,044$4,453$3,924$3,453$2,918
13 years$5,209$4,558$3,978$3,465$3,011$2,503
14 years$4,787$4,143$3,575$3,076$2,640$2,157
15 years$4,422$3,785$3,227$2,743$2,324$1,867
16 years$4,103$3,473$2,926$2,456$2,054$1,621
17 years$3,821$3,198$2,663$2,207$1,821$1,412
18 years$3,571$2,955$2,431$1,989$1,619$1,233
19 years$3,348$2,739$2,225$1,797$1,443$1,079
20 years$3,147$2,545$2,042$1,627$1,289$945
21 years$2,966$2,371$1,878$1,477$1,154$830
22 years$2,801$2,213$1,731$1,343$1,034$730
23 years$2,651$2,070$1,598$1,223$928$642
24 years$2,514$1,939$1,478$1,115$834$566
25 years$2,387$1,820$1,369$1,019$751$499
26 years$2,271$1,710$1,270$931$676$441
27 years$2,164$1,610$1,179$853$610$389
28 years$2,064$1,517$1,096$781$550$344
29 years$1,971$1,431$1,020$716$497$304
30 years$1,885$1,351$950$657$449$269
31 years$1,804$1,277$886$604$406$238
32 years$1,729$1,209$827$555$367$211
33 years$1,658$1,145$772$510$332$187
34 years$1,592$1,085$721$469$301$166
35 years$1,530$1,029$674$432$272$147
36 years$1,471$977$631$398$247$130
37 years$1,415$928$590$367$224$115
38 years$1,363$882$553$338$203$102
39 years$1,313$838$518$312$184$91
40 years$1,266$798$485$287$167$81
41 years$1,221$759$455$265$151$71
42 years$1,179$723$427$245$137$63
43 years$1,139$689$401$226$125$56
44 years$1,100$657$376$209$113$50
45 years$1,064$626$353$193$103$44
46 years$1,029$597$332$178$93$39
47 years$995$570$312$164$85$35
48 years$964$544$293$152$77$31
49 years$933$520$275$140$70$28
50 years$904$496$259$130$63$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $926,000, adding $2,579 every year, while hoping to spend $34,616 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$926,000$926,000$926,000$926,000
53$1,023,112$974,034$959,681$1,069,791
54$1,090,639$984,931$954,999$1,113,139
55$1,163,892$995,201$949,001$1,156,448
56$1,243,421$1,004,778$941,604$1,202,793
57$1,329,828$1,013,589$932,725$1,252,475
58$1,423,774$1,021,560$922,276$1,305,824
59$1,525,990$1,028,607$910,163$1,363,207
60$1,637,277$1,034,644$896,289$1,425,027
61$1,758,518$1,039,581$880,553$1,491,733
62$1,890,684$1,043,317$862,849$1,563,817
63$2,034,844$1,045,750$843,065$1,641,827
64$2,192,174$1,046,768$821,084$1,726,366
65$2,363,970$1,046,254$796,784$1,818,102
66$2,551,658$1,044,083$770,039$1,917,770
67$2,756,806$1,040,122$740,715$2,026,186
68$2,981,143$1,034,231$708,672$2,144,248
69$3,226,572$1,026,260$673,764$2,272,952
70$3,495,187$1,016,052$635,840$2,413,394
71$3,789,295$1,003,437$594,739$2,566,787
72$4,111,436$988,239$550,296$2,734,471
73$4,464,408$970,268$502,337$2,917,924
74$4,851,292$949,325$450,679$3,118,779
75$5,275,481$925,199$395,134$3,338,839
76$5,740,712$897,666$335,503$3,580,097
77$6,251,100$866,488$271,578$3,844,749
78$6,811,181$831,414$203,145$4,135,223
79$7,425,948$792,180$129,977$4,454,198
80$8,100,902$748,504$51,838$4,804,632
81$8,842,103$700,090$0$5,189,787
82$9,656,226$646,623$0$5,619,664
83$10,550,625$587,771$0$6,103,472
84$11,533,401$523,183$0$6,635,135
85$12,613,477$452,489$0$7,219,549
86$13,800,688$375,297$0$7,862,119
87$15,105,863$291,192$0$8,568,800
88$16,540,939$199,738$0$9,346,162
89$18,119,061$100,472$0$10,201,449
90$19,854,717$0$0$11,142,648
91$21,763,866$0$0$12,180,909
92$23,864,094$0$0$13,359,678
93$26,174,775$0$0$14,656,675
94$28,717,256$0$0$16,083,897
95$31,515,059$0$0$17,654,561
96$34,594,100$0$0$19,383,232
97$37,982,935$0$0$21,285,956
98$41,713,029$0$0$23,380,415
99$45,819,051$0$0$25,686,092
100$50,339,203$0$0$28,224,457