Can I retire at age 53 with 933,000?

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 $933,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$77,046$76,360$75,690$75,037$74,399$72,278
2 years$38,142$37,431$36,743$36,075$35,428$33,308
3 years$25,175$24,462$23,775$23,114$22,477$20,424
4 years$18,693$17,982$17,302$16,652$16,031$14,060
5 years$14,805$14,098$13,427$12,791$12,186$10,304
6 years$12,214$11,512$10,851$10,229$9,643$7,850
7 years$10,364$9,668$9,017$8,410$7,842$6,140
8 years$8,977$8,287$7,647$7,055$6,506$4,892
9 years$7,898$7,215$6,587$6,009$5,479$3,953
10 years$7,036$6,360$5,742$5,180$4,668$3,228
11 years$6,332$5,662$5,056$4,508$4,015$2,657
12 years$5,745$5,082$4,487$3,954$3,479$2,202
13 years$5,248$4,593$4,009$3,491$3,034$1,834
14 years$4,823$4,175$3,602$3,099$2,659$1,534
15 years$4,455$3,814$3,252$2,764$2,342$1,288
16 years$4,134$3,499$2,948$2,474$2,070$1,084
17 years$3,850$3,222$2,683$2,223$1,835$915
18 years$3,598$2,978$2,449$2,004$1,632$774
19 years$3,373$2,760$2,242$1,810$1,454$655
20 years$3,171$2,564$2,058$1,640$1,299$556
21 years$2,988$2,389$1,893$1,488$1,162$472
22 years$2,822$2,230$1,744$1,353$1,042$401
23 years$2,671$2,085$1,611$1,232$935$341
24 years$2,533$1,954$1,490$1,124$841$290
25 years$2,405$1,834$1,380$1,026$756$247
26 years$2,288$1,723$1,279$938$681$211
27 years$2,180$1,622$1,188$859$614$180
28 years$2,079$1,528$1,105$787$554$153
29 years$1,986$1,442$1,028$722$501$131
30 years$1,899$1,362$957$662$452$112
31 years$1,818$1,287$893$608$409$95
32 years$1,742$1,218$833$559$370$81
33 years$1,671$1,153$778$514$335$69
34 years$1,604$1,093$727$473$303$59
35 years$1,541$1,037$679$435$275$51
36 years$1,482$984$635$401$249$43
37 years$1,426$935$595$370$225$37
38 years$1,373$888$557$341$204$32
39 years$1,323$845$522$314$185$27
40 years$1,276$804$489$290$168$23
41 years$1,231$765$459$267$153$20
42 years$1,188$728$430$247$138$17
43 years$1,147$694$404$228$126$14
44 years$1,109$662$379$210$114$12
45 years$1,072$631$356$194$103$11
46 years$1,037$602$334$179$94$9
47 years$1,003$574$314$166$85$8
48 years$971$548$295$153$77$7
49 years$940$524$277$141$70$6
50 years$911$500$261$131$64$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $933,000, adding $5,316 every year, while hoping to spend $46,930 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: 64/28/8 Blend
52$933,000$933,000$933,000$933,000
53$1,033,649$984,200$969,739$1,097,822
54$1,089,149$982,493$952,292$1,139,547
55$1,148,736$979,129$932,688$1,179,092
56$1,212,778$973,978$910,804$1,221,070
57$1,281,680$966,901$886,514$1,265,714
58$1,355,883$957,751$859,684$1,313,283
59$1,435,874$946,372$830,175$1,364,063
60$1,522,187$932,598$797,840$1,418,369
61$1,615,410$916,255$762,527$1,476,552
62$1,716,187$897,157$724,077$1,538,999
63$1,825,228$875,108$682,324$1,606,140
64$1,943,311$849,898$637,092$1,678,447
65$2,071,295$821,309$588,200$1,756,447
66$2,210,120$789,106$535,458$1,840,719
67$2,360,823$753,043$478,666$1,931,905
68$2,524,544$712,859$417,619$2,030,716
69$2,702,536$668,278$352,098$2,137,938
70$2,896,180$619,008$281,878$2,254,437
71$3,106,991$564,741$206,721$2,381,176
72$3,336,640$505,149$126,382$2,519,215
73$3,586,964$439,888$40,603$2,669,727
74$3,859,986$368,595$0$2,834,011
75$4,157,932$290,883$0$3,017,849
76$4,483,251$206,346$0$3,222,457
77$4,838,641$114,555$0$3,446,142
78$5,227,071$15,057$0$3,690,866
79$5,651,810$0$0$3,958,793
80$6,116,456$0$0$4,280,853
81$6,624,974$0$0$4,638,463
82$7,181,727$0$0$5,030,058
83$7,791,520$0$0$5,459,028
84$8,459,645$0$0$5,929,104
85$9,191,932$0$0$6,444,396
86$9,994,797$0$0$7,009,428
87$10,875,312$0$0$7,629,187
88$11,841,262$0$0$8,309,162
89$12,901,223$0$0$9,055,401
90$14,064,644$0$0$9,874,566
91$15,341,930$0$0$10,773,994
92$16,744,544$0$0$11,761,769
93$18,285,113$0$0$12,846,796
94$19,977,547$0$0$14,038,882
95$21,837,172$0$0$15,348,836
96$23,880,869$0$0$16,788,561
97$26,127,236$0$0$18,371,173
98$28,596,765$0$0$20,111,123
99$31,312,028$0$0$22,024,330
100$34,297,898$0$0$24,128,332