Can I retire at age 53 with 929,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,320 every year, while hoping to spend $20,171 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: 70/15/15 Blend
52$929,000$929,000$929,000$929,000
53$1,026,151$976,914$962,515$1,094,304
54$1,109,357$1,003,321$973,297$1,166,314
55$1,200,373$1,030,346$983,765$1,242,456
56$1,299,976$1,057,998$993,886$1,325,268
57$1,409,019$1,086,285$1,003,626$1,415,405
58$1,528,443$1,115,217$1,012,951$1,513,588
59$1,659,282$1,144,801$1,021,823$1,620,612
60$1,802,678$1,175,045$1,030,203$1,737,352
61$1,959,885$1,205,956$1,038,049$1,864,770
62$2,132,288$1,237,542$1,045,319$2,003,929
63$2,321,409$1,269,810$1,051,965$2,155,998
64$2,528,928$1,302,765$1,057,940$2,322,264
65$2,756,691$1,336,413$1,063,194$2,504,146
66$3,006,735$1,370,759$1,067,672$2,703,209
67$3,281,302$1,405,807$1,071,320$2,921,172
68$3,582,864$1,441,560$1,074,078$3,159,935
69$3,914,142$1,478,022$1,075,885$3,421,588
70$4,278,133$1,515,194$1,076,676$3,708,432
71$4,678,141$1,553,077$1,076,383$4,023,007
72$5,117,804$1,591,671$1,074,935$4,368,107
73$5,601,132$1,630,974$1,072,257$4,746,815
74$6,132,540$1,670,985$1,068,270$5,162,523
75$6,716,895$1,711,699$1,062,893$5,618,972
76$7,359,557$1,753,111$1,056,039$6,120,284
77$8,066,434$1,795,215$1,047,618$6,671,000
78$8,844,032$1,838,003$1,037,535$7,276,125
79$9,699,522$1,881,464$1,025,691$7,941,171
80$10,640,804$1,925,586$1,011,983$8,672,217
81$11,676,583$1,970,357$996,301$9,475,957
82$12,816,449$2,015,759$978,532$10,359,770
83$14,070,971$2,061,775$958,557$11,331,787
84$15,451,792$2,108,384$936,250$12,400,968
85$16,971,743$2,155,563$911,482$13,577,185
86$18,644,960$2,203,285$884,117$14,871,320
87$20,487,022$2,251,522$854,010$16,295,362
88$22,515,092$2,300,241$821,014$17,862,524
89$24,748,086$2,349,406$784,972$19,587,366
90$27,206,842$2,398,979$745,721$21,485,934
91$29,914,328$2,448,917$703,090$23,575,910
92$32,895,847$2,499,171$656,901$25,876,780
93$36,179,284$2,549,691$606,968$28,410,016
94$39,795,366$2,600,421$553,096$31,199,282
95$43,777,950$2,651,299$495,082$34,270,655
96$48,164,347$2,702,259$432,713$37,652,873
97$52,995,670$2,753,228$365,768$41,377,606
98$58,317,221$2,804,130$294,015$45,479,752
99$64,178,926$2,854,880$217,212$49,997,771
100$70,635,794$2,905,387$135,106$54,974,047