Can I retire at age 53 with 932,000?

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 $932,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$76,964$76,278$75,609$74,956$74,319$72,288
2 years$38,101$37,391$36,704$36,037$35,390$33,358
3 years$25,148$24,436$23,750$23,089$22,453$20,485
4 years$18,673$17,963$17,284$16,634$16,014$14,124
5 years$14,789$14,083$13,413$12,777$12,173$10,367
6 years$12,201$11,500$10,840$10,218$9,632$7,911
7 years$10,353$9,658$9,008$8,401$7,834$6,198
8 years$8,967$8,278$7,639$7,047$6,499$4,947
9 years$7,890$7,208$6,580$6,002$5,473$4,005
10 years$7,029$6,353$5,736$5,174$4,663$3,276
11 years$6,325$5,656$5,050$4,503$4,010$2,702
12 years$5,738$5,076$4,482$3,950$3,475$2,244
13 years$5,243$4,588$4,004$3,487$3,031$1,873
14 years$4,818$4,170$3,598$3,095$2,657$1,570
15 years$4,450$3,809$3,248$2,761$2,339$1,321
16 years$4,129$3,495$2,945$2,472$2,067$1,114
17 years$3,846$3,219$2,680$2,221$1,833$942
18 years$3,594$2,974$2,446$2,001$1,630$799
19 years$3,370$2,757$2,240$1,809$1,453$678
20 years$3,168$2,562$2,055$1,638$1,298$576
21 years$2,985$2,386$1,891$1,487$1,161$490
22 years$2,819$2,227$1,742$1,352$1,041$418
23 years$2,668$2,083$1,609$1,231$934$356
24 years$2,530$1,952$1,488$1,123$840$304
25 years$2,403$1,832$1,378$1,025$756$260
26 years$2,286$1,721$1,278$937$681$222
27 years$2,178$1,620$1,187$858$614$190
28 years$2,077$1,527$1,103$786$554$162
29 years$1,984$1,440$1,027$721$500$139
30 years$1,897$1,360$956$662$452$119
31 years$1,816$1,286$892$608$408$101
32 years$1,740$1,217$832$558$369$87
33 years$1,669$1,152$777$514$334$74
34 years$1,602$1,092$726$473$303$64
35 years$1,539$1,036$679$435$274$54
36 years$1,480$983$635$401$248$47
37 years$1,424$934$594$369$225$40
38 years$1,372$887$556$340$204$34
39 years$1,322$844$521$314$185$29
40 years$1,274$803$489$289$168$25
41 years$1,229$764$458$267$152$22
42 years$1,187$728$430$246$138$18
43 years$1,146$693$403$227$125$16
44 years$1,107$661$379$210$114$14
45 years$1,071$630$355$194$103$12
46 years$1,035$601$334$179$94$10
47 years$1,002$574$314$166$85$9
48 years$970$548$295$153$77$7
49 years$939$523$277$141$70$6
50 years$910$500$260$131$64$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $932,000, adding $6,758 every year, while hoping to spend $31,548 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: 69/14/17 Blend
52$932,000$932,000$932,000$932,000
53$1,034,035$984,639$970,193$1,100,743
54$1,105,940$999,319$969,128$1,160,749
55$1,184,121$1,013,662$966,969$1,222,012
56$1,269,187$1,027,616$963,648$1,288,250
57$1,361,804$1,041,130$959,090$1,359,951
58$1,462,708$1,054,145$953,219$1,437,653
59$1,572,707$1,066,601$945,955$1,521,946
60$1,692,691$1,078,432$937,212$1,613,483
61$1,823,639$1,089,569$926,903$1,712,984
62$1,966,631$1,099,939$914,935$1,821,241
63$2,122,853$1,109,461$901,211$1,939,129
64$2,293,612$1,118,053$885,629$2,067,610
65$2,480,346$1,125,623$868,084$2,207,748
66$2,684,640$1,132,077$848,463$2,360,713
67$2,908,238$1,137,314$826,651$2,527,797
68$3,153,060$1,141,224$802,526$2,710,421
69$3,421,222$1,143,694$775,961$2,910,157
70$3,715,053$1,144,601$746,821$3,128,734
71$4,037,118$1,143,816$714,969$3,368,058
72$4,390,242$1,141,201$680,259$3,630,232
73$4,777,537$1,136,610$642,538$3,917,575
74$5,202,430$1,129,889$601,647$4,232,642
75$5,668,696$1,120,871$557,420$4,578,249
76$6,180,493$1,109,384$509,684$4,957,504
77$6,742,401$1,095,242$458,256$5,373,829
78$7,359,466$1,078,249$402,948$5,830,999
79$8,037,246$1,058,198$343,561$6,333,175
80$8,781,864$1,034,868$279,889$6,884,945
81$9,600,065$1,008,027$211,716$7,491,365
82$10,499,279$977,428$138,816$8,158,010
83$11,487,693$942,809$60,954$8,891,026
84$12,574,326$903,896$0$9,697,186
85$13,769,115$860,394$0$10,587,974
86$15,083,007$811,996$0$11,579,667
87$16,528,064$758,373$0$12,670,319
88$18,117,573$699,181$0$13,869,985
89$19,866,178$634,053$0$15,189,742
90$21,790,010$562,603$0$16,641,802
91$23,906,843$484,422$0$18,239,618
92$26,236,262$399,080$0$19,998,019
93$28,799,845$306,120$0$21,933,346
94$31,621,370$205,061$0$24,063,607
95$34,727,035$95,394$0$26,408,648
96$38,145,707$0$0$28,990,339
97$41,909,193$0$0$31,836,390
98$46,052,542$0$0$34,985,949
99$50,614,375$0$0$38,453,683
100$55,637,245$0$0$42,271,950