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%19.9%
1 years$76,881$76,196$75,528$74,876$74,239$71,294
2 years$38,060$37,351$36,664$35,998$35,352$32,421
3 years$25,121$24,409$23,724$23,064$22,429$19,604
4 years$18,653$17,943$17,265$16,617$15,996$13,300
5 years$14,773$14,068$13,398$12,763$12,160$9,599
6 years$12,188$11,487$10,828$10,207$9,622$7,198
7 years$10,341$9,647$8,998$8,392$7,825$5,537
8 years$8,957$8,269$7,631$7,039$6,492$4,337
9 years$7,882$7,200$6,573$5,996$5,467$3,443
10 years$7,021$6,346$5,730$5,169$4,658$2,760
11 years$6,318$5,650$5,045$4,498$4,006$2,230
12 years$5,732$5,071$4,477$3,946$3,472$1,813
13 years$5,237$4,583$4,000$3,483$3,027$1,480
14 years$4,813$4,166$3,594$3,092$2,654$1,214
15 years$4,446$3,805$3,245$2,758$2,337$998
16 years$4,125$3,491$2,942$2,469$2,065$823
17 years$3,842$3,215$2,677$2,219$1,831$680
18 years$3,591$2,971$2,444$1,999$1,628$562
19 years$3,366$2,754$2,237$1,807$1,451$466
20 years$3,164$2,559$2,053$1,636$1,296$387
21 years$2,982$2,383$1,889$1,485$1,160$321
22 years$2,816$2,225$1,741$1,350$1,040$267
23 years$2,665$2,081$1,607$1,230$933$222
24 years$2,527$1,950$1,486$1,121$839$184
25 years$2,400$1,830$1,377$1,024$755$153
26 years$2,283$1,720$1,277$936$680$128
27 years$2,175$1,618$1,186$857$613$106
28 years$2,075$1,525$1,102$785$553$89
29 years$1,982$1,439$1,026$720$499$74
30 years$1,895$1,359$955$661$451$62
31 years$1,814$1,284$891$607$408$51
32 years$1,738$1,215$831$558$369$43
33 years$1,667$1,151$776$513$334$36
34 years$1,601$1,091$725$472$302$30
35 years$1,538$1,035$678$435$274$25
36 years$1,479$982$634$400$248$21
37 years$1,423$933$593$369$225$17
38 years$1,370$886$556$340$204$14
39 years$1,320$843$521$313$185$12
40 years$1,273$802$488$289$168$10
41 years$1,228$763$458$267$152$8
42 years$1,185$727$429$246$138$7
43 years$1,145$693$403$227$125$6
44 years$1,106$660$378$210$114$5
45 years$1,069$630$355$194$103$4
46 years$1,034$601$333$179$94$3
47 years$1,001$573$313$165$85$3
48 years$969$547$294$153$77$2
49 years$938$522$277$141$70$2
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 $5,197 every year, while hoping to spend $55,043 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: 50/37/13 Blend
52$931,000$931,000$931,000$931,000
53$1,031,323$981,980$967,549$1,078,996
54$1,077,952$971,531$941,397$1,101,817
55$1,127,493$958,726$912,523$1,120,401
56$1,180,185$943,391$880,780$1,139,356
57$1,236,287$925,341$846,010$1,158,736
58$1,296,088$904,382$808,051$1,178,600
59$1,359,900$880,308$766,731$1,199,019
60$1,428,067$852,900$721,874$1,220,072
61$1,500,964$821,926$673,291$1,241,853
62$1,579,005$787,143$620,789$1,264,467
63$1,662,641$748,291$564,163$1,288,037
64$1,752,370$705,097$503,202$1,312,701
65$1,848,736$657,270$437,683$1,338,618
66$1,952,335$604,505$367,374$1,365,966
67$2,063,826$546,478$292,034$1,394,950
68$2,183,928$482,847$211,408$1,425,799
69$2,313,432$413,250$125,234$1,458,774
70$2,453,208$337,305$33,235$1,494,170
71$2,604,211$254,609$0$1,532,317
72$2,767,490$164,735$0$1,582,596
73$2,944,201$67,234$0$1,641,924
74$3,135,610$0$0$1,706,199
75$3,343,112$0$0$1,791,619
76$3,568,242$0$0$1,914,077
77$3,812,685$0$0$2,047,126
78$4,078,296$0$0$2,191,787
79$4,367,116$0$0$2,349,183
80$4,681,390$0$0$2,520,550
81$5,023,588$0$0$2,707,246
82$5,396,428$0$0$2,910,767
83$5,802,901$0$0$3,132,760
84$6,246,300$0$0$3,375,036
85$6,730,249$0$0$3,639,592
86$7,258,734$0$0$3,928,621
87$7,836,149$0$0$4,244,541
88$8,467,325$0$0$4,590,015
89$9,157,587$0$0$4,967,971
90$9,912,792$0$0$5,381,637
91$10,739,395$0$0$5,834,565
92$11,644,499$0$0$6,330,668
93$12,635,928$0$0$6,874,254
94$13,722,300$0$0$7,470,068
95$14,913,103$0$0$8,123,337
96$16,218,789$0$0$8,839,815
97$17,650,868$0$0$9,625,844
98$19,222,018$0$0$10,488,404
99$20,946,205$0$0$11,435,189
100$22,838,811$0$0$12,474,670