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%17.4%
1 years$76,633$75,951$75,285$74,635$74,000$71,775
2 years$37,937$37,231$36,546$35,882$35,238$33,015
3 years$25,040$24,331$23,648$22,990$22,357$20,205
4 years$18,593$17,886$17,209$16,563$15,945$13,882
5 years$14,726$14,023$13,355$12,722$12,121$10,152
6 years$12,148$11,450$10,793$10,174$9,591$7,718
7 years$10,308$9,616$8,969$8,364$7,800$6,022
8 years$8,929$8,243$7,606$7,017$6,471$4,787
9 years$7,856$7,177$6,551$5,977$5,449$3,859
10 years$6,999$6,326$5,712$5,152$4,643$3,143
11 years$6,298$5,632$5,028$4,484$3,993$2,581
12 years$5,714$5,055$4,463$3,933$3,460$2,133
13 years$5,220$4,568$3,987$3,472$3,018$1,772
14 years$4,797$4,152$3,582$3,082$2,645$1,478
15 years$4,431$3,793$3,234$2,749$2,329$1,237
16 years$4,111$3,480$2,933$2,461$2,058$1,039
17 years$3,829$3,205$2,668$2,211$1,825$874
18 years$3,579$2,962$2,436$1,993$1,623$737
19 years$3,355$2,745$2,230$1,801$1,446$622
20 years$3,154$2,551$2,047$1,631$1,292$526
21 years$2,972$2,376$1,882$1,480$1,156$445
22 years$2,807$2,218$1,735$1,346$1,036$377
23 years$2,657$2,074$1,602$1,226$930$320
24 years$2,519$1,943$1,482$1,118$836$272
25 years$2,393$1,824$1,372$1,021$752$231
26 years$2,276$1,714$1,273$933$678$196
27 years$2,168$1,613$1,182$854$611$166
28 years$2,068$1,520$1,099$783$551$141
29 years$1,975$1,434$1,022$718$498$120
30 years$1,889$1,354$952$659$450$102
31 years$1,808$1,280$888$605$407$87
32 years$1,733$1,211$828$556$368$74
33 years$1,662$1,147$773$511$333$63
34 years$1,595$1,087$723$471$301$54
35 years$1,533$1,031$676$433$273$46
36 years$1,474$979$632$399$247$39
37 years$1,418$930$592$368$224$33
38 years$1,366$883$554$339$203$28
39 years$1,316$840$519$312$184$24
40 years$1,269$799$486$288$167$20
41 years$1,224$761$456$266$152$17
42 years$1,181$725$428$245$138$15
43 years$1,141$690$402$226$125$13
44 years$1,103$658$377$209$113$11
45 years$1,066$628$354$193$103$9
46 years$1,031$599$332$178$93$8
47 years$998$571$312$165$85$7
48 years$966$545$293$152$77$6
49 years$935$521$276$141$70$5
50 years$906$497$259$130$64$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $928,000, adding $3,748 every year, while hoping to spend $22,997 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: 40/31/29 Blend
52$928,000$928,000$928,000$928,000
53$1,026,522$977,338$962,954$1,058,669
54$1,106,759$1,000,759$970,744$1,105,850
55$1,194,409$1,024,557$978,025$1,154,458
56$1,290,204$1,048,726$984,754$1,206,613
57$1,394,950$1,073,259$990,889$1,262,656
58$1,509,535$1,098,148$996,383$1,322,961
59$1,634,934$1,123,384$1,001,189$1,387,941
60$1,772,224$1,148,957$1,005,256$1,458,053
61$1,922,590$1,174,854$1,008,531$1,533,798
62$2,087,335$1,201,063$1,010,957$1,615,731
63$2,267,896$1,227,568$1,012,478$1,704,462
64$2,465,856$1,254,353$1,013,030$1,800,665
65$2,682,956$1,281,400$1,012,549$1,905,083
66$2,921,117$1,308,687$1,010,969$2,018,535
67$3,182,452$1,336,194$1,008,217$2,141,925
68$3,469,289$1,363,895$1,004,219$2,276,249
69$3,784,194$1,391,763$998,898$2,422,605
70$4,129,991$1,419,769$992,171$2,582,204
71$4,509,795$1,447,882$983,953$2,756,384
72$4,927,032$1,476,066$974,154$2,946,616
73$5,385,480$1,504,285$962,679$3,154,526
74$5,889,301$1,532,497$949,431$3,381,905
75$6,443,079$1,560,658$934,305$3,630,728
76$7,051,863$1,588,720$917,195$3,903,175
77$7,721,218$1,616,633$897,986$4,201,647
78$8,457,275$1,644,340$876,561$4,528,792
79$9,266,787$1,671,783$852,796$4,887,533
80$10,157,195$1,698,896$826,561$5,281,089
81$11,136,699$1,725,612$797,721$5,713,012
82$12,214,332$1,751,857$766,134$6,187,217
83$13,400,046$1,777,550$731,652$6,708,021
84$14,704,809$1,802,608$694,120$7,280,184
85$16,140,703$1,826,939$653,376$7,908,956
86$17,721,042$1,850,447$609,252$8,600,122
87$19,460,497$1,873,027$561,570$9,360,062
88$21,375,231$1,894,569$510,146$10,195,810
89$23,483,055$1,914,954$454,787$11,115,121
90$25,803,596$1,934,055$395,291$12,126,545
91$28,358,477$1,951,739$331,448$13,239,508
92$31,171,529$1,967,860$263,038$14,464,399
93$34,269,006$1,982,268$189,832$15,812,676
94$37,679,843$1,994,797$111,590$17,296,967
95$41,435,921$2,005,275$28,061$18,931,194
96$45,572,369$2,013,518$0$20,730,704
97$50,127,900$2,019,330$0$22,731,316
98$55,145,170$2,022,501$0$24,943,276
99$60,671,184$2,022,811$0$27,378,537
100$66,757,741$2,020,024$0$30,059,857