Can I retire at age 53 with 930,000?

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 $930,000?

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$76,799$76,114$75,447$74,796$74,160$71,930
2 years$38,019$37,311$36,625$35,959$35,314$33,086
3 years$25,094$24,383$23,699$23,040$22,405$20,249
4 years$18,633$17,924$17,247$16,599$15,979$13,912
5 years$14,757$14,053$13,384$12,749$12,147$10,174
6 years$12,175$11,475$10,816$10,196$9,612$7,734
7 years$10,330$9,637$8,988$8,383$7,817$6,035
8 years$8,948$8,261$7,623$7,032$6,485$4,798
9 years$7,873$7,192$6,566$5,990$5,461$3,867
10 years$7,014$6,340$5,724$5,163$4,653$3,150
11 years$6,311$5,644$5,039$4,493$4,002$2,586
12 years$5,726$5,066$4,472$3,941$3,468$2,138
13 years$5,231$4,578$3,996$3,480$3,024$1,776
14 years$4,808$4,161$3,590$3,089$2,651$1,481
15 years$4,441$3,801$3,241$2,755$2,334$1,240
16 years$4,120$3,488$2,939$2,467$2,063$1,041
17 years$3,838$3,212$2,674$2,216$1,829$876
18 years$3,587$2,968$2,441$1,997$1,626$738
19 years$3,362$2,751$2,235$1,805$1,450$624
20 years$3,161$2,556$2,051$1,634$1,295$527
21 years$2,979$2,381$1,887$1,483$1,159$446
22 years$2,813$2,222$1,739$1,349$1,039$378
23 years$2,662$2,079$1,605$1,228$932$321
24 years$2,524$1,948$1,485$1,120$838$272
25 years$2,398$1,828$1,375$1,023$754$231
26 years$2,281$1,718$1,275$935$679$196
27 years$2,173$1,617$1,184$856$612$167
28 years$2,073$1,523$1,101$785$553$142
29 years$1,980$1,437$1,025$719$499$121
30 years$1,893$1,357$954$660$451$103
31 years$1,812$1,283$890$606$408$87
32 years$1,736$1,214$830$557$369$74
33 years$1,665$1,150$775$512$334$63
34 years$1,599$1,090$724$472$302$54
35 years$1,536$1,033$677$434$274$46
36 years$1,477$981$633$400$248$39
37 years$1,421$932$593$368$225$33
38 years$1,369$885$555$339$204$28
39 years$1,319$842$520$313$185$24
40 years$1,271$801$488$289$168$20
41 years$1,227$762$457$266$152$17
42 years$1,184$726$429$246$138$15
43 years$1,144$692$402$227$125$13
44 years$1,105$659$378$210$114$11
45 years$1,068$629$355$194$103$9
46 years$1,033$600$333$179$94$8
47 years$1,000$573$313$165$85$7
48 years$968$547$294$153$77$6
49 years$937$522$276$141$70$5
50 years$908$499$260$130$64$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $930,000, adding $6,334 every year, while hoping to spend $39,647 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: 62/15/23 Blend
52$930,000$930,000$930,000$930,000
53$1,031,394$982,104$967,689$1,088,736
54$1,094,412$988,042$957,922$1,134,220
55$1,162,529$992,944$946,499$1,178,920
56$1,236,223$996,714$933,324$1,226,840
57$1,316,020$999,256$918,293$1,278,298
58$1,402,499$1,000,464$901,300$1,333,649
59$1,496,293$1,000,226$882,233$1,393,281
60$1,598,104$998,426$860,976$1,457,627
61$1,708,698$994,936$837,407$1,527,163
62$1,828,922$989,625$811,396$1,602,416
63$1,959,706$982,350$782,812$1,683,967
64$2,102,073$972,962$751,513$1,772,458
65$2,257,149$961,303$717,354$1,868,600
66$2,426,174$947,202$680,181$1,973,176
67$2,610,512$930,484$639,835$2,087,053
68$2,811,664$910,957$596,149$2,211,186
69$3,031,282$888,422$548,949$2,346,633
70$3,271,185$862,667$498,051$2,494,559
71$3,533,375$833,467$443,265$2,656,251
72$3,820,058$800,585$384,393$2,833,132
73$4,133,660$763,770$321,226$3,026,772
74$4,476,854$722,755$253,548$3,238,902
75$4,852,583$677,260$181,132$3,471,436
76$5,264,088$626,987$103,741$3,726,486
77$5,714,937$571,622$21,128$4,006,381
78$6,209,061$510,832$0$4,313,693
79$6,750,788$444,266$0$4,667,713
80$7,344,887$371,553$0$5,061,723
81$7,996,607$292,301$0$5,494,060
82$8,711,733$206,096$0$5,968,609
83$9,496,635$112,500$0$6,489,653
84$10,358,331$11,051$0$7,061,914
85$11,304,550$0$0$7,690,597
86$12,343,809$0$0$8,397,735
87$13,485,486$0$0$9,176,639
88$14,739,918$0$0$10,032,545
89$16,118,486$0$0$10,973,231
90$17,633,735$0$0$12,007,263
91$19,299,480$0$0$13,144,081
92$21,130,946$0$0$14,394,085
93$23,144,902$0$0$15,768,733
94$25,359,828$0$0$17,280,648
95$27,796,083$0$0$18,943,739
96$30,476,096$0$0$20,773,330
97$33,424,581$0$0$22,786,305
98$36,668,771$0$0$25,001,268
99$40,238,666$0$0$27,438,716
100$44,167,325$0$0$30,121,233