Can I retire at age 53 with 931,000?

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 $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%19.2%
1 years$76,881$76,196$75,528$74,876$74,239$71,491
2 years$38,060$37,351$36,664$35,998$35,352$32,615
3 years$25,121$24,409$23,724$23,064$22,429$19,788
4 years$18,653$17,943$17,265$16,617$15,996$13,472
5 years$14,773$14,068$13,398$12,763$12,160$9,759
6 years$12,188$11,487$10,828$10,207$9,622$7,346
7 years$10,341$9,647$8,998$8,392$7,825$5,674
8 years$8,957$8,269$7,631$7,039$6,492$4,463
9 years$7,882$7,200$6,573$5,996$5,467$3,558
10 years$7,021$6,346$5,730$5,169$4,658$2,865
11 years$6,318$5,650$5,045$4,498$4,006$2,325
12 years$5,732$5,071$4,477$3,946$3,472$1,899
13 years$5,237$4,583$4,000$3,483$3,027$1,558
14 years$4,813$4,166$3,594$3,092$2,654$1,284
15 years$4,446$3,805$3,245$2,758$2,337$1,061
16 years$4,125$3,491$2,942$2,469$2,065$879
17 years$3,842$3,215$2,677$2,219$1,831$730
18 years$3,591$2,971$2,444$1,999$1,628$607
19 years$3,366$2,754$2,237$1,807$1,451$506
20 years$3,164$2,559$2,053$1,636$1,296$422
21 years$2,982$2,383$1,889$1,485$1,160$352
22 years$2,816$2,225$1,741$1,350$1,040$294
23 years$2,665$2,081$1,607$1,230$933$246
24 years$2,527$1,950$1,486$1,121$839$206
25 years$2,400$1,830$1,377$1,024$755$172
26 years$2,283$1,720$1,277$936$680$144
27 years$2,175$1,618$1,186$857$613$121
28 years$2,075$1,525$1,102$785$553$101
29 years$1,982$1,439$1,026$720$499$85
30 years$1,895$1,359$955$661$451$71
31 years$1,814$1,284$891$607$408$60
32 years$1,738$1,215$831$558$369$50
33 years$1,667$1,151$776$513$334$42
34 years$1,601$1,091$725$472$302$35
35 years$1,538$1,035$678$435$274$29
36 years$1,479$982$634$400$248$25
37 years$1,423$933$593$369$225$21
38 years$1,370$886$556$340$204$17
39 years$1,320$843$521$313$185$15
40 years$1,273$802$488$289$168$12
41 years$1,228$763$458$267$152$10
42 years$1,185$727$429$246$138$9
43 years$1,145$693$403$227$125$7
44 years$1,106$660$378$210$114$6
45 years$1,069$630$355$194$103$5
46 years$1,034$601$333$179$94$4
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 $3,062 every year, while hoping to spend $49,515 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: 59/21/20 Blend
52$931,000$931,000$931,000$931,000
53$1,029,120$979,777$965,347$1,084,242
54$1,081,407$975,103$945,002$1,117,312
55$1,137,368$968,540$922,317$1,147,690
56$1,197,324$959,943$897,160$1,179,711
57$1,261,631$949,160$869,394$1,213,543
58$1,330,675$936,027$838,877$1,249,374
59$1,404,883$920,371$805,458$1,287,411
60$1,484,722$902,011$768,982$1,327,887
61$1,570,707$880,752$729,286$1,371,058
62$1,663,399$856,389$686,197$1,417,210
63$1,763,420$828,706$639,539$1,466,663
64$1,871,448$797,473$589,123$1,519,769
65$1,988,233$762,445$534,755$1,576,921
66$2,114,595$723,368$476,232$1,638,554
67$2,251,438$679,968$413,341$1,705,152
68$2,399,756$631,957$345,859$1,777,253
69$2,560,641$579,033$273,555$1,855,450
70$2,735,293$520,872$196,185$1,940,405
71$2,925,034$457,136$113,499$2,032,849
72$3,131,317$387,465$25,230$2,133,594
73$3,355,740$311,479$0$2,243,539
74$3,600,063$228,779$0$2,378,398
75$3,866,221$138,941$0$2,531,258
76$4,156,344$41,518$0$2,698,017
77$4,472,777$0$0$2,880,093
78$4,818,098$0$0$3,093,836
79$5,195,150$0$0$3,337,765
80$5,607,057$0$0$3,604,318
81$6,057,262$0$0$3,895,732
82$6,549,553$0$0$4,214,469
83$7,088,104$0$0$4,563,240
84$7,677,507$0$0$4,945,031
85$8,322,821$0$0$5,363,130
86$9,029,618$0$0$5,821,156
87$9,804,030$0$0$6,323,097
88$10,652,814$0$0$6,873,344
89$11,583,410$0$0$7,476,733
90$12,604,014$0$0$8,138,590
91$13,723,651$0$0$8,864,783
92$14,952,262$0$0$9,661,772
93$16,300,799$0$0$10,536,677
94$17,781,324$0$0$11,497,339
95$19,407,125$0$0$12,552,395
96$21,192,838$0$0$13,711,360
97$23,154,590$0$0$14,984,716
98$25,310,142$0$0$16,384,010
99$27,679,065$0$0$17,921,964
100$30,282,918$0$0$19,612,593