Can I retire at age 53 with 931,000?

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 $931,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$76,881$76,196$75,528$74,876$74,239$71,605
2 years$38,060$37,351$36,664$35,998$35,352$32,726
3 years$25,121$24,409$23,724$23,064$22,429$19,894
4 years$18,653$17,943$17,265$16,617$15,996$13,572
5 years$14,773$14,068$13,398$12,763$12,160$9,852
6 years$12,188$11,487$10,828$10,207$9,622$7,432
7 years$10,341$9,647$8,998$8,392$7,825$5,753
8 years$8,957$8,269$7,631$7,039$6,492$4,536
9 years$7,882$7,200$6,573$5,996$5,467$3,625
10 years$7,021$6,346$5,730$5,169$4,658$2,927
11 years$6,318$5,650$5,045$4,498$4,006$2,382
12 years$5,732$5,071$4,477$3,946$3,472$1,950
13 years$5,237$4,583$4,000$3,483$3,027$1,605
14 years$4,813$4,166$3,594$3,092$2,654$1,326
15 years$4,446$3,805$3,245$2,758$2,337$1,099
16 years$4,125$3,491$2,942$2,469$2,065$913
17 years$3,842$3,215$2,677$2,219$1,831$760
18 years$3,591$2,971$2,444$1,999$1,628$634
19 years$3,366$2,754$2,237$1,807$1,451$530
20 years$3,164$2,559$2,053$1,636$1,296$443
21 years$2,982$2,383$1,889$1,485$1,160$371
22 years$2,816$2,225$1,741$1,350$1,040$311
23 years$2,665$2,081$1,607$1,230$933$261
24 years$2,527$1,950$1,486$1,121$839$219
25 years$2,400$1,830$1,377$1,024$755$184
26 years$2,283$1,720$1,277$936$680$154
27 years$2,175$1,618$1,186$857$613$130
28 years$2,075$1,525$1,102$785$553$109
29 years$1,982$1,439$1,026$720$499$92
30 years$1,895$1,359$955$661$451$77
31 years$1,814$1,284$891$607$408$65
32 years$1,738$1,215$831$558$369$55
33 years$1,667$1,151$776$513$334$46
34 years$1,601$1,091$725$472$302$39
35 years$1,538$1,035$678$435$274$32
36 years$1,479$982$634$400$248$27
37 years$1,423$933$593$369$225$23
38 years$1,370$886$556$340$204$19
39 years$1,320$843$521$313$185$16
40 years$1,273$802$488$289$168$14
41 years$1,228$763$458$267$152$12
42 years$1,185$727$429$246$138$10
43 years$1,145$693$403$227$125$8
44 years$1,106$660$378$210$114$7
45 years$1,069$630$355$194$103$6
46 years$1,034$601$333$179$94$5
47 years$1,001$573$313$165$85$4
48 years$969$547$294$153$77$3
49 years$938$522$277$141$70$3
50 years$909$499$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 $931,000, adding $5,881 every year, while hoping to spend $28,487 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: 38/36/26 Blend
52$931,000$931,000$931,000$931,000
53$1,032,028$982,685$968,255$1,063,058
54$1,106,985$1,000,527$970,381$1,104,125
55$1,188,633$1,018,288$971,624$1,145,419
56$1,277,624$1,035,935$971,924$1,189,494
57$1,374,676$1,053,430$971,218$1,236,619
58$1,480,580$1,070,735$969,441$1,287,093
59$1,596,205$1,087,807$966,523$1,341,245
60$1,722,509$1,104,600$962,392$1,399,441
61$1,860,546$1,121,066$956,974$1,462,082
62$2,011,476$1,137,153$950,187$1,529,614
63$2,176,577$1,152,805$941,949$1,602,529
64$2,357,257$1,167,961$932,173$1,681,369
65$2,555,064$1,182,558$920,768$1,766,735
66$2,771,705$1,196,527$907,638$1,859,290
67$3,009,058$1,209,796$892,682$1,959,766
68$3,269,191$1,222,286$875,797$2,068,972
69$3,554,385$1,233,914$856,872$2,187,802
70$3,867,148$1,244,591$835,793$2,317,242
71$4,210,244$1,254,224$812,439$2,458,381
72$4,586,719$1,262,710$786,686$2,612,424
73$4,999,925$1,269,945$758,401$2,780,698
74$5,453,558$1,275,812$727,448$2,964,672
75$5,951,686$1,280,192$693,682$3,165,964
76$6,498,791$1,282,955$656,954$3,386,363
77$7,099,812$1,283,964$617,107$3,627,844
78$7,760,189$1,283,074$573,976$3,892,584
79$8,485,915$1,280,131$527,390$4,182,991
80$9,283,592$1,274,971$477,171$4,501,718
81$10,160,493$1,267,419$423,131$4,851,695
82$11,124,632$1,257,292$365,075$5,236,157
83$12,184,838$1,244,393$302,799$5,658,672
84$13,350,839$1,228,515$236,089$6,123,177
85$14,633,350$1,209,438$164,724$6,634,018
86$16,044,180$1,186,929$88,471$7,195,990
87$17,596,340$1,160,742$7,088$7,814,382
88$19,304,163$1,130,614$0$8,495,031
89$21,183,443$1,096,270$0$9,266,502
90$23,251,582$1,057,415$0$10,117,307
91$25,527,756$1,013,741$0$11,053,391
92$28,033,092$964,919$0$12,083,476
93$30,790,869$910,602$0$13,217,179
94$33,826,739$850,423$0$14,465,102
95$37,168,967$783,994$0$15,838,935
96$40,848,697$710,905$0$17,351,564
97$44,900,247$630,723$0$19,017,196
98$49,361,432$542,988$0$20,851,492
99$54,273,921$447,217$0$22,871,718
100$59,683,629$342,899$0$25,096,908