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%19.2%
1 years$76,716$76,033$75,366$74,715$74,080$71,338
2 years$37,978$37,271$36,585$35,921$35,276$32,545
3 years$25,067$24,357$23,673$23,015$22,381$19,746
4 years$18,613$17,905$17,228$16,581$15,962$13,443
5 years$14,742$14,038$13,370$12,736$12,134$9,738
6 years$12,161$11,463$10,805$10,185$9,601$7,330
7 years$10,319$9,626$8,979$8,374$7,808$5,662
8 years$8,938$8,252$7,615$7,024$6,478$4,453
9 years$7,865$7,185$6,559$5,983$5,455$3,550
10 years$7,006$6,333$5,718$5,158$4,648$2,859
11 years$6,304$5,638$5,034$4,489$3,998$2,320
12 years$5,720$5,060$4,467$3,937$3,464$1,895
13 years$5,226$4,573$3,991$3,476$3,021$1,555
14 years$4,803$4,157$3,586$3,086$2,648$1,281
15 years$4,436$3,797$3,238$2,752$2,332$1,059
16 years$4,116$3,484$2,936$2,464$2,061$877
17 years$3,833$3,208$2,671$2,214$1,827$729
18 years$3,583$2,965$2,439$1,995$1,625$606
19 years$3,359$2,748$2,232$1,803$1,448$505
20 years$3,157$2,553$2,049$1,633$1,293$421
21 years$2,975$2,378$1,884$1,482$1,157$351
22 years$2,810$2,220$1,737$1,347$1,037$294
23 years$2,660$2,076$1,604$1,227$931$245
24 years$2,522$1,945$1,483$1,119$837$205
25 years$2,395$1,826$1,374$1,022$753$172
26 years$2,278$1,716$1,274$934$678$144
27 years$2,171$1,615$1,183$855$612$120
28 years$2,071$1,522$1,100$784$552$101
29 years$1,978$1,435$1,023$719$498$85
30 years$1,891$1,356$953$660$450$71
31 years$1,810$1,282$889$606$407$59
32 years$1,735$1,213$829$557$368$50
33 years$1,664$1,148$774$512$333$42
34 years$1,597$1,088$723$471$302$35
35 years$1,534$1,032$676$434$273$29
36 years$1,475$980$633$399$248$25
37 years$1,420$931$592$368$224$21
38 years$1,367$884$555$339$203$17
39 years$1,317$841$520$313$185$15
40 years$1,270$800$487$288$167$12
41 years$1,225$762$457$266$152$10
42 years$1,183$725$428$246$138$9
43 years$1,142$691$402$227$125$7
44 years$1,104$659$377$209$114$6
45 years$1,067$628$354$193$103$5
46 years$1,032$599$333$179$94$4
47 years$999$572$313$165$85$4
48 years$967$546$294$152$77$3
49 years$936$521$276$141$70$3
50 years$907$498$260$130$64$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $929,000, adding $2,712 every year, while hoping to spend $54,527 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: 72/21/7 Blend
52$929,000$929,000$929,000$929,000
53$1,026,555$977,318$962,919$1,099,225
54$1,073,248$967,191$937,160$1,137,413
55$1,122,875$954,739$908,711$1,172,145
56$1,175,680$939,793$877,424$1,208,649
57$1,231,926$922,169$843,145$1,247,082
58$1,291,903$901,676$805,711$1,287,620
59$1,355,929$878,110$764,954$1,330,459
60$1,424,352$851,256$720,698$1,375,815
61$1,497,552$820,884$672,758$1,423,926
62$1,575,949$786,753$620,942$1,475,057
63$1,659,999$748,608$565,047$1,529,501
64$1,750,207$706,178$504,864$1,587,583
65$1,847,125$659,177$440,173$1,649,661
66$1,951,357$607,302$370,745$1,716,134
67$2,063,569$550,234$296,339$1,787,441
68$2,184,492$487,634$216,705$1,864,071
69$2,314,928$419,146$131,582$1,946,561
70$2,455,758$344,392$40,698$2,035,509
71$2,607,952$262,973$0$2,131,576
72$2,772,572$174,468$0$2,239,695
73$2,950,791$78,433$0$2,359,989
74$3,143,893$0$0$2,490,332
75$3,353,293$0$0$2,637,652
76$3,580,547$0$0$2,817,240
77$3,827,366$0$0$3,012,329
78$4,095,630$0$0$3,224,410
79$4,387,410$0$0$3,455,126
80$4,704,984$0$0$3,706,282
81$5,050,857$0$0$3,979,866
82$5,427,787$0$0$4,278,065
83$5,838,809$0$0$4,603,286
84$6,287,262$0$0$4,958,179
85$6,776,824$0$0$5,345,660
86$7,311,542$0$0$5,768,939
87$7,895,871$0$0$6,231,551
88$8,534,715$0$0$6,737,385
89$9,233,476$0$0$7,290,726
90$9,998,099$0$0$7,896,291
91$10,835,132$0$0$8,559,274
92$11,751,785$0$0$9,285,394
93$12,755,999$0$0$10,080,950
94$13,856,516$0$0$10,952,879
95$15,062,967$0$0$11,908,821
96$16,385,959$0$0$12,957,189
97$17,837,172$0$0$14,107,251
98$19,429,475$0$0$15,369,215
99$21,177,038$0$0$16,754,324
100$23,095,475$0$0$18,274,965