Can I retire at age 53 with 927,000?

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 $927,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$76,551$75,869$75,204$74,554$73,920$71,784
2 years$37,896$37,191$36,507$35,843$35,200$33,065
3 years$25,013$24,304$23,622$22,965$22,332$20,265
4 years$18,573$17,866$17,191$16,545$15,928$13,944
5 years$14,710$14,007$13,341$12,708$12,108$10,214
6 years$12,135$11,438$10,781$10,163$9,581$7,777
7 years$10,297$9,606$8,959$8,355$7,792$6,079
8 years$8,919$8,234$7,598$7,009$6,464$4,841
9 years$7,848$7,169$6,544$5,970$5,444$3,909
10 years$6,991$6,319$5,706$5,146$4,638$3,190
11 years$6,291$5,626$5,023$4,479$3,989$2,625
12 years$5,708$5,049$4,458$3,929$3,457$2,173
13 years$5,215$4,563$3,983$3,468$3,014$1,809
14 years$4,792$4,148$3,579$3,079$2,642$1,512
15 years$4,427$3,789$3,231$2,746$2,327$1,269
16 years$4,107$3,476$2,929$2,459$2,056$1,067
17 years$3,825$3,202$2,666$2,209$1,823$900
18 years$3,575$2,958$2,433$1,991$1,621$761
19 years$3,352$2,742$2,228$1,799$1,445$644
20 years$3,151$2,548$2,044$1,629$1,291$545
21 years$2,969$2,373$1,880$1,479$1,155$463
22 years$2,804$2,215$1,733$1,344$1,035$393
23 years$2,654$2,072$1,600$1,224$929$334
24 years$2,516$1,941$1,480$1,117$835$284
25 years$2,390$1,822$1,371$1,020$752$242
26 years$2,273$1,712$1,271$932$677$206
27 years$2,166$1,611$1,180$854$610$175
28 years$2,066$1,518$1,097$782$551$150
29 years$1,973$1,432$1,021$717$497$127
30 years$1,887$1,353$951$658$449$109
31 years$1,806$1,279$887$604$406$93
32 years$1,731$1,210$827$555$368$79
33 years$1,660$1,146$773$511$333$67
34 years$1,594$1,086$722$470$301$58
35 years$1,531$1,030$675$433$273$49
36 years$1,472$978$631$398$247$42
37 years$1,417$929$591$367$224$36
38 years$1,364$883$553$338$203$31
39 years$1,314$839$518$312$184$26
40 years$1,267$798$486$288$167$22
41 years$1,223$760$456$266$152$19
42 years$1,180$724$427$245$137$16
43 years$1,140$690$401$226$125$14
44 years$1,101$657$376$209$113$12
45 years$1,065$627$353$193$103$10
46 years$1,030$598$332$178$93$9
47 years$997$571$312$165$85$7
48 years$965$545$293$152$77$6
49 years$934$520$276$141$70$5
50 years$905$497$259$130$64$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $927,000, adding $6,016 every year, while hoping to spend $29,674 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: 42/33/25 Blend
52$927,000$927,000$927,000$927,000
53$1,027,760$978,629$964,260$1,063,183
54$1,101,018$995,008$964,990$1,105,494
55$1,180,754$1,011,196$964,750$1,148,008
56$1,267,598$1,027,152$963,475$1,193,466
57$1,362,242$1,042,831$961,100$1,242,156
58$1,465,447$1,058,186$957,554$1,294,396
59$1,578,054$1,073,168$952,763$1,350,540
60$1,700,985$1,087,723$946,650$1,410,975
61$1,835,257$1,101,794$939,135$1,476,131
62$1,981,989$1,115,317$930,132$1,546,483
63$2,142,414$1,128,229$919,553$1,622,556
64$2,317,887$1,140,459$907,304$1,704,929
65$2,509,902$1,151,932$893,290$1,794,244
66$2,720,103$1,162,569$877,406$1,891,206
67$2,950,302$1,172,283$859,548$1,996,597
68$3,202,493$1,180,985$839,603$2,111,280
69$3,478,873$1,188,578$817,455$2,236,209
70$3,781,859$1,194,960$792,981$2,372,436
71$4,114,116$1,200,020$766,053$2,521,122
72$4,478,579$1,203,644$736,539$2,683,552
73$4,878,478$1,205,707$704,297$2,861,143
74$5,317,375$1,206,079$669,183$3,055,458
75$5,799,189$1,204,619$631,043$3,268,226
76$6,328,241$1,201,180$589,718$3,501,353
77$6,909,289$1,195,605$545,041$3,756,945
78$7,547,574$1,187,727$496,837$4,037,324
79$8,248,871$1,177,370$444,925$4,345,055
80$9,019,540$1,164,346$389,115$4,682,968
81$9,866,590$1,148,456$329,207$5,054,188
82$10,797,742$1,129,489$264,995$5,462,160
83$11,821,501$1,107,223$196,261$5,910,690
84$12,947,238$1,081,422$122,780$6,403,973
85$14,185,279$1,051,834$44,316$6,946,643
86$15,546,999$1,018,195$0$7,543,807
87$17,044,931$980,225$0$8,211,620
88$18,692,885$937,627$0$8,959,084
89$20,506,075$890,087$0$9,781,299
90$22,501,266$837,272$0$10,685,908
91$24,696,929$778,832$0$11,681,338
92$27,113,416$714,396$0$12,776,880
93$29,773,153$643,570$0$13,982,778
94$32,700,850$565,939$0$15,310,323
95$35,923,733$481,067$0$16,771,965
96$39,471,803$388,488$0$18,381,428
97$43,378,117$287,714$0$20,153,843
98$47,679,101$178,229$0$22,105,889
99$52,414,893$59,485$0$24,255,954
100$57,629,720$0$0$26,624,309