Can I retire at age 53 with 929,000?

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 $929,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$76,716$76,033$75,366$74,715$74,080$73,613
2 years$37,978$37,271$36,585$35,921$35,276$34,805
3 years$25,067$24,357$23,673$23,015$22,381$21,920
4 years$18,613$17,905$17,228$16,581$15,962$15,516
5 years$14,742$14,038$13,370$12,736$12,134$11,703
6 years$12,161$11,463$10,805$10,185$9,601$9,186
7 years$10,319$9,626$8,979$8,374$7,808$7,410
8 years$8,938$8,252$7,615$7,024$6,478$6,095
9 years$7,865$7,185$6,559$5,983$5,455$5,089
10 years$7,006$6,333$5,718$5,158$4,648$4,297
11 years$6,304$5,638$5,034$4,489$3,998$3,662
12 years$5,720$5,060$4,467$3,937$3,464$3,144
13 years$5,226$4,573$3,991$3,476$3,021$2,716
14 years$4,803$4,157$3,586$3,086$2,648$2,358
15 years$4,436$3,797$3,238$2,752$2,332$2,056
16 years$4,116$3,484$2,936$2,464$2,061$1,799
17 years$3,833$3,208$2,671$2,214$1,827$1,578
18 years$3,583$2,965$2,439$1,995$1,625$1,389
19 years$3,359$2,748$2,232$1,803$1,448$1,225
20 years$3,157$2,553$2,049$1,633$1,293$1,082
21 years$2,975$2,378$1,884$1,482$1,157$958
22 years$2,810$2,220$1,737$1,347$1,037$849
23 years$2,660$2,076$1,604$1,227$931$754
24 years$2,522$1,945$1,483$1,119$837$670
25 years$2,395$1,826$1,374$1,022$753$596
26 years$2,278$1,716$1,274$934$678$531
27 years$2,171$1,615$1,183$855$612$473
28 years$2,071$1,522$1,100$784$552$422
29 years$1,978$1,435$1,023$719$498$376
30 years$1,891$1,356$953$660$450$336
31 years$1,810$1,282$889$606$407$300
32 years$1,735$1,213$829$557$368$268
33 years$1,664$1,148$774$512$333$240
34 years$1,597$1,088$723$471$302$214
35 years$1,534$1,032$676$434$273$192
36 years$1,475$980$633$399$248$172
37 years$1,420$931$592$368$224$154
38 years$1,367$884$555$339$203$137
39 years$1,317$841$520$313$185$123
40 years$1,270$800$487$288$167$110
41 years$1,225$762$457$266$152$99
42 years$1,183$725$428$246$138$88
43 years$1,142$691$402$227$125$79
44 years$1,104$659$377$209$114$71
45 years$1,067$628$354$193$103$64
46 years$1,032$599$333$179$94$57
47 years$999$572$313$165$85$51
48 years$967$546$294$152$77$46
49 years$936$521$276$141$70$41
50 years$907$498$260$130$64$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $929,000, adding $2,916 every year, while hoping to spend $55,103 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: 44/29/27 Blend
52$929,000$929,000$929,000$929,000
53$1,026,766$977,529$963,129$1,063,784
54$1,072,867$966,799$936,765$1,079,716
55$1,121,823$953,696$907,671$1,091,475
56$1,173,868$938,046$875,697$1,103,157
57$1,229,257$919,664$840,687$1,114,787
58$1,288,268$898,355$802,477$1,126,393
59$1,351,208$873,911$760,896$1,138,015
60$1,418,411$846,112$715,766$1,149,697
61$1,490,244$814,727$666,899$1,161,496
62$1,567,109$779,509$614,101$1,173,476
63$1,649,448$740,199$557,167$1,185,716
64$1,737,744$696,521$495,884$1,198,307
65$1,832,528$648,184$430,030$1,211,357
66$1,934,382$594,881$359,373$1,224,989
67$2,043,946$536,287$283,668$1,239,347
68$2,161,922$472,058$202,664$1,254,596
69$2,289,079$401,831$116,095$1,270,927
70$2,426,267$325,222$23,686$1,288,554
71$2,574,413$241,825$0$1,307,728
72$2,734,542$151,213$0$1,350,315
73$2,907,777$52,934$0$1,403,735
74$3,095,352$0$0$1,461,609
75$3,298,626$0$0$1,541,511
76$3,519,091$0$0$1,646,586
77$3,758,390$0$0$1,760,735
78$4,018,329$0$0$1,884,833
79$4,300,894$0$0$2,019,840
80$4,608,270$0$0$2,166,815
81$4,942,863$0$0$2,326,922
82$5,307,317$0$0$2,501,440
83$5,704,544$0$0$2,691,781
84$6,137,749$0$0$2,899,494
85$6,610,457$0$0$3,126,289
86$7,126,552$0$0$3,374,045
87$7,690,306$0$0$3,644,832
88$8,306,424$0$0$3,940,927
89$8,980,084$0$0$4,264,841
90$9,716,990$0$0$4,619,335
91$10,523,419$0$0$5,007,451
92$11,406,286$0$0$5,432,538
93$12,373,204$0$0$5,898,286
94$13,432,557$0$0$6,408,756
95$14,593,579$0$0$6,968,423
96$15,866,438$0$0$7,582,214
97$17,262,335$0$0$8,255,557
98$18,793,605$0$0$8,994,429
99$20,473,836$0$0$9,805,416
100$22,317,994$0$0$10,695,770