Can I retire at age 53 with 926,000?

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 $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 $3,017 every year, while hoping to spend $22,553 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: 65/29/6 Blend
52$926,000$926,000$926,000$926,000
53$1,023,564$974,486$960,133$1,088,908
54$1,103,971$998,240$968,301$1,156,474
55$1,191,824$1,022,401$975,987$1,227,292
56$1,287,859$1,046,967$983,151$1,304,063
57$1,392,884$1,071,933$989,751$1,387,363
58$1,507,793$1,097,292$995,742$1,477,827
59$1,633,566$1,123,038$1,001,078$1,576,152
60$1,771,286$1,149,162$1,005,710$1,683,108
61$1,922,143$1,175,657$1,009,586$1,799,542
62$2,087,448$1,202,510$1,012,654$1,926,387
63$2,268,645$1,229,711$1,014,855$2,064,670
64$2,467,325$1,257,245$1,016,131$2,215,522
65$2,685,240$1,285,098$1,016,420$2,380,190
66$2,924,319$1,313,252$1,015,654$2,560,047
67$3,186,687$1,341,689$1,013,766$2,756,606
68$3,474,685$1,370,388$1,010,684$2,971,532
69$3,790,893$1,399,327$1,006,331$3,206,662
70$4,138,150$1,428,480$1,000,629$3,464,016
71$4,519,586$1,457,820$993,495$3,745,824
72$4,938,647$1,487,317$984,841$4,054,540
73$5,399,132$1,516,938$974,576$4,392,869
74$5,905,224$1,546,649$962,604$4,763,791
75$6,461,531$1,576,409$948,826$5,170,589
76$7,073,132$1,606,178$933,137$5,616,882
77$7,745,621$1,635,910$915,426$6,106,655
78$8,485,162$1,665,557$895,580$6,644,304
79$9,298,544$1,695,065$873,478$7,234,667
80$10,193,250$1,724,377$848,994$7,883,079
81$11,177,523$1,753,433$821,996$8,595,418
82$12,260,445$1,782,166$792,348$9,378,162
83$13,452,024$1,810,506$759,906$10,238,448
84$14,763,286$1,838,377$724,518$11,184,143
85$16,206,381$1,865,696$686,029$12,223,914
86$17,794,694$1,892,378$644,273$13,367,313
87$19,542,975$1,918,327$599,079$14,624,867
88$21,467,478$1,943,445$550,268$16,008,176
89$23,586,111$1,967,623$497,651$17,530,024
90$25,918,606$1,990,748$441,034$19,204,499
91$28,486,707$2,012,698$380,212$21,047,126
92$31,314,372$2,033,342$314,971$23,075,014
93$34,428,004$2,052,541$245,088$25,307,018
94$37,856,692$2,070,147$170,330$27,763,917
95$41,632,493$2,086,003$90,454$30,468,609
96$45,790,729$2,099,939$5,207$33,446,329
97$50,370,325$2,111,778$0$36,724,889
98$55,414,172$2,121,328$0$40,340,427
99$60,969,532$2,128,388$0$44,321,940
100$67,088,487$2,132,742$0$48,706,334