Can I retire at age 53 with 928,000?

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 $928,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$76,633$75,951$75,285$74,635$74,000$72,036
2 years$37,937$37,231$36,546$35,882$35,238$33,273
3 years$25,040$24,331$23,648$22,990$22,357$20,452
4 years$18,593$17,886$17,209$16,563$15,945$14,115
5 years$14,726$14,023$13,355$12,722$12,121$10,372
6 years$12,148$11,450$10,793$10,174$9,591$7,923
7 years$10,308$9,616$8,969$8,364$7,800$6,215
8 years$8,929$8,243$7,606$7,017$6,471$4,967
9 years$7,856$7,177$6,551$5,977$5,449$4,025
10 years$6,999$6,326$5,712$5,152$4,643$3,297
11 years$6,298$5,632$5,028$4,484$3,993$2,723
12 years$5,714$5,055$4,463$3,933$3,460$2,264
13 years$5,220$4,568$3,987$3,472$3,018$1,892
14 years$4,797$4,152$3,582$3,082$2,645$1,588
15 years$4,431$3,793$3,234$2,749$2,329$1,338
16 years$4,111$3,480$2,933$2,461$2,058$1,131
17 years$3,829$3,205$2,668$2,211$1,825$958
18 years$3,579$2,962$2,436$1,993$1,623$813
19 years$3,355$2,745$2,230$1,801$1,446$691
20 years$3,154$2,551$2,047$1,631$1,292$588
21 years$2,972$2,376$1,882$1,480$1,156$501
22 years$2,807$2,218$1,735$1,346$1,036$428
23 years$2,657$2,074$1,602$1,226$930$365
24 years$2,519$1,943$1,482$1,118$836$312
25 years$2,393$1,824$1,372$1,021$752$267
26 years$2,276$1,714$1,273$933$678$228
27 years$2,168$1,613$1,182$854$611$196
28 years$2,068$1,520$1,099$783$551$167
29 years$1,975$1,434$1,022$718$498$143
30 years$1,889$1,354$952$659$450$123
31 years$1,808$1,280$888$605$407$105
32 years$1,733$1,211$828$556$368$90
33 years$1,662$1,147$773$511$333$77
34 years$1,595$1,087$723$471$301$66
35 years$1,533$1,031$676$433$273$57
36 years$1,474$979$632$399$247$49
37 years$1,418$930$592$368$224$42
38 years$1,366$883$554$339$203$36
39 years$1,316$840$519$312$184$31
40 years$1,269$799$486$288$167$26
41 years$1,224$761$456$266$152$23
42 years$1,181$725$428$245$138$20
43 years$1,141$690$402$226$125$17
44 years$1,103$658$377$209$113$14
45 years$1,066$628$354$193$103$12
46 years$1,031$599$332$178$93$11
47 years$998$571$312$165$85$9
48 years$966$545$293$152$77$8
49 years$935$521$276$141$70$7
50 years$906$497$259$130$64$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $928,000, adding $3,084 every year, while hoping to spend $40,452 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: 34/42/24 Blend
52$928,000$928,000$928,000$928,000
53$1,025,837$976,653$962,269$1,053,134
54$1,087,432$981,469$951,465$1,078,580
55$1,153,954$985,164$938,942$1,102,112
56$1,225,862$987,642$924,602$1,126,678
57$1,303,662$988,799$908,339$1,152,396
58$1,387,911$988,525$890,043$1,179,397
59$1,479,217$986,703$869,599$1,207,831
60$1,578,254$983,208$846,887$1,237,865
61$1,685,759$977,908$821,781$1,269,687
62$1,802,546$970,665$794,150$1,303,506
63$1,929,507$961,329$763,855$1,339,558
64$2,067,626$949,743$730,753$1,378,107
65$2,217,984$935,741$694,694$1,419,447
66$2,381,772$919,145$655,520$1,463,907
67$2,560,299$899,770$613,066$1,511,855
68$2,755,006$877,416$567,161$1,563,702
69$2,967,481$851,873$517,625$1,619,904
70$3,199,470$822,920$464,271$1,680,972
71$3,452,894$790,322$406,902$1,747,474
72$3,729,871$753,829$345,315$1,820,043
73$4,032,730$713,179$279,295$1,899,383
74$4,364,036$668,093$208,620$1,986,277
75$4,726,615$618,277$133,056$2,081,597
76$5,123,576$563,419$52,360$2,186,310
77$5,558,346$503,191$0$2,301,492
78$6,034,694$437,245$0$2,436,983
79$6,556,777$365,213$0$2,600,334
80$7,129,168$286,708$0$2,779,665
81$7,756,906$201,320$0$2,976,685
82$8,445,541$108,615$0$3,193,280
83$9,201,186$8,137$0$3,431,540
84$10,030,574$0$0$3,693,773
85$10,941,122$0$0$4,029,027
86$11,941,000$0$0$4,401,444
87$13,039,208$0$0$4,810,633
88$14,245,660$0$0$5,260,307
89$15,571,279$0$0$5,754,557
90$17,028,096$0$0$6,297,887
91$18,629,368$0$0$6,895,262
92$20,389,698$0$0$7,552,152
93$22,325,177$0$0$8,274,582
94$24,453,529$0$0$9,069,191
95$26,794,286$0$0$9,943,295
96$29,368,965$0$0$10,904,952
97$32,201,274$0$0$11,963,042
98$35,317,333$0$0$13,127,350
99$38,745,923$0$0$14,408,656
100$42,518,755$0$0$15,818,838