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%13.2%
1 years$76,716$76,033$75,366$74,715$74,080$73,093
2 years$37,978$37,271$36,585$35,921$35,276$34,284
3 years$25,067$24,357$23,673$23,015$22,381$21,414
4 years$18,613$17,905$17,228$16,581$15,962$15,027
5 years$14,742$14,038$13,370$12,736$12,134$11,235
6 years$12,161$11,463$10,805$10,185$9,601$8,738
7 years$10,319$9,626$8,979$8,374$7,808$6,982
8 years$8,938$8,252$7,615$7,024$6,478$5,688
9 years$7,865$7,185$6,559$5,983$5,455$4,701
10 years$7,006$6,333$5,718$5,158$4,648$3,930
11 years$6,304$5,638$5,034$4,489$3,998$3,314
12 years$5,720$5,060$4,467$3,937$3,464$2,815
13 years$5,226$4,573$3,991$3,476$3,021$2,405
14 years$4,803$4,157$3,586$3,086$2,648$2,064
15 years$4,436$3,797$3,238$2,752$2,332$1,779
16 years$4,116$3,484$2,936$2,464$2,061$1,539
17 years$3,833$3,208$2,671$2,214$1,827$1,335
18 years$3,583$2,965$2,439$1,995$1,625$1,160
19 years$3,359$2,748$2,232$1,803$1,448$1,011
20 years$3,157$2,553$2,049$1,633$1,293$882
21 years$2,975$2,378$1,884$1,482$1,157$771
22 years$2,810$2,220$1,737$1,347$1,037$675
23 years$2,660$2,076$1,604$1,227$931$591
24 years$2,522$1,945$1,483$1,119$837$519
25 years$2,395$1,826$1,374$1,022$753$455
26 years$2,278$1,716$1,274$934$678$400
27 years$2,171$1,615$1,183$855$612$352
28 years$2,071$1,522$1,100$784$552$309
29 years$1,978$1,435$1,023$719$498$272
30 years$1,891$1,356$953$660$450$240
31 years$1,810$1,282$889$606$407$211
32 years$1,735$1,213$829$557$368$186
33 years$1,664$1,148$774$512$333$164
34 years$1,597$1,088$723$471$302$145
35 years$1,534$1,032$676$434$273$128
36 years$1,475$980$633$399$248$112
37 years$1,420$931$592$368$224$99
38 years$1,367$884$555$339$203$88
39 years$1,317$841$520$313$185$77
40 years$1,270$800$487$288$167$68
41 years$1,225$762$457$266$152$60
42 years$1,183$725$428$246$138$53
43 years$1,142$691$402$227$125$47
44 years$1,104$659$377$209$114$41
45 years$1,067$628$354$193$103$37
46 years$1,032$599$333$179$94$32
47 years$999$572$313$165$85$29
48 years$967$546$294$152$77$25
49 years$936$521$276$141$70$22
50 years$907$498$260$130$64$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $929,000, adding $2,411 every year, while hoping to spend $39,380 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: 33/41/26 Blend
52$929,000$929,000$929,000$929,000
53$1,026,245$977,008$962,608$1,051,913
54$1,089,022$982,981$952,956$1,077,490
55$1,156,882$987,928$941,660$1,101,343
56$1,230,303$991,755$928,624$1,126,271
57$1,309,808$994,365$913,748$1,152,397
58$1,395,975$995,655$896,924$1,179,856
59$1,489,436$995,514$878,043$1,208,804
60$1,590,889$993,824$856,987$1,239,410
61$1,701,100$990,462$833,637$1,271,868
62$1,820,913$985,296$807,865$1,306,394
63$1,951,255$978,184$779,538$1,343,230
64$2,093,148$968,980$748,516$1,382,645
65$2,247,713$957,525$714,656$1,424,942
66$2,416,188$943,651$677,806$1,470,456
67$2,599,933$927,184$637,805$1,519,565
68$2,800,444$907,934$594,490$1,572,688
69$3,019,370$885,703$547,686$1,630,292
70$3,258,524$860,281$497,212$1,692,898
71$3,519,905$831,446$442,880$1,761,085
72$3,805,710$798,962$384,491$1,835,500
73$4,118,360$762,579$321,840$1,916,860
74$4,460,522$722,034$254,710$2,005,963
75$4,835,130$677,049$182,878$2,103,696
76$5,245,417$627,327$106,108$2,211,046
77$5,694,941$572,559$24,154$2,329,105
78$6,187,624$512,413$0$2,459,091
79$6,727,782$446,541$0$2,619,913
80$7,320,170$374,576$0$2,803,799
81$7,970,025$296,128$0$3,005,776
82$8,683,117$210,787$0$3,227,766
83$9,465,799$118,120$0$3,471,891
84$10,325,069$17,667$0$3,740,501
85$11,268,639$0$0$4,036,189
86$12,305,001$0$0$4,402,905
87$13,443,511$0$0$4,814,670
88$14,694,476$0$0$5,267,259
89$16,069,251$0$0$5,764,798
90$17,580,345$0$0$6,311,836
91$19,241,540$0$0$6,913,381
92$21,068,018$0$0$7,574,952
93$23,076,508$0$0$8,302,631
94$25,285,440$0$0$9,103,116
95$27,715,120$0$0$9,983,789
96$30,387,920$0$0$10,952,784
97$33,328,490$0$0$12,019,062
98$36,563,990$0$0$13,192,497
99$40,124,345$0$0$14,483,968
100$44,042,526$0$0$15,905,463