Can I retire at age 53 with 933,000?

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 $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%14.4%
1 years$77,046$76,360$75,690$75,037$74,399$73,046
2 years$38,142$37,431$36,743$36,075$35,428$34,070
3 years$25,175$24,462$23,775$23,114$22,477$21,156
4 years$18,693$17,982$17,302$16,652$16,031$14,757
5 years$14,805$14,098$13,427$12,791$12,186$10,963
6 years$12,214$11,512$10,851$10,229$9,643$8,472
7 years$10,364$9,668$9,017$8,410$7,842$6,724
8 years$8,977$8,287$7,647$7,055$6,506$5,440
9 years$7,898$7,215$6,587$6,009$5,479$4,464
10 years$7,036$6,360$5,742$5,180$4,668$3,705
11 years$6,332$5,662$5,056$4,508$4,015$3,101
12 years$5,745$5,082$4,487$3,954$3,479$2,614
13 years$5,248$4,593$4,009$3,491$3,034$2,215
14 years$4,823$4,175$3,602$3,099$2,659$1,886
15 years$4,455$3,814$3,252$2,764$2,342$1,613
16 years$4,134$3,499$2,948$2,474$2,070$1,383
17 years$3,850$3,222$2,683$2,223$1,835$1,189
18 years$3,598$2,978$2,449$2,004$1,632$1,025
19 years$3,373$2,760$2,242$1,810$1,454$885
20 years$3,171$2,564$2,058$1,640$1,299$766
21 years$2,988$2,389$1,893$1,488$1,162$663
22 years$2,822$2,230$1,744$1,353$1,042$575
23 years$2,671$2,085$1,611$1,232$935$499
24 years$2,533$1,954$1,490$1,124$841$434
25 years$2,405$1,834$1,380$1,026$756$377
26 years$2,288$1,723$1,279$938$681$328
27 years$2,180$1,622$1,188$859$614$286
28 years$2,079$1,528$1,105$787$554$249
29 years$1,986$1,442$1,028$722$501$217
30 years$1,899$1,362$957$662$452$189
31 years$1,818$1,287$893$608$409$165
32 years$1,742$1,218$833$559$370$144
33 years$1,671$1,153$778$514$335$126
34 years$1,604$1,093$727$473$303$110
35 years$1,541$1,037$679$435$275$96
36 years$1,482$984$635$401$249$84
37 years$1,426$935$595$370$225$73
38 years$1,373$888$557$341$204$64
39 years$1,323$845$522$314$185$56
40 years$1,276$804$489$290$168$49
41 years$1,231$765$459$267$153$42
42 years$1,188$728$430$247$138$37
43 years$1,147$694$404$228$126$32
44 years$1,109$662$379$210$114$28
45 years$1,072$631$356$194$103$25
46 years$1,037$602$334$179$94$22
47 years$1,003$574$314$166$85$19
48 years$971$548$295$153$77$17
49 years$940$524$277$141$70$14
50 years$911$500$261$131$64$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $933,000, adding $6,141 every year, while hoping to spend $55,840 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: 53/24/23 Blend
52$933,000$933,000$933,000$933,000
53$1,034,500$985,051$970,590$1,082,455
54$1,080,606$973,906$943,691$1,105,018
55$1,129,543$960,342$914,020$1,123,270
56$1,181,541$944,184$881,425$1,141,966
57$1,236,852$925,242$845,746$1,161,167
58$1,295,750$903,318$806,818$1,180,945
59$1,358,537$878,202$764,467$1,201,382
60$1,425,543$849,669$718,511$1,222,571
61$1,497,130$817,483$668,763$1,244,619
62$1,573,693$781,396$615,022$1,267,647
63$1,655,666$741,141$557,082$1,291,794
64$1,743,527$696,440$494,727$1,317,216
65$1,837,798$646,997$427,732$1,344,091
66$1,939,052$592,498$355,859$1,372,617
67$2,047,918$532,614$278,864$1,403,023
68$2,165,088$466,994$196,488$1,435,562
69$2,291,321$395,270$108,463$1,470,520
70$2,427,448$317,051$14,510$1,508,220
71$2,574,387$231,926$0$1,549,024
72$2,733,143$139,458$0$1,614,382
73$2,904,821$39,189$0$1,688,872
74$3,090,637$0$0$1,769,516
75$3,291,926$0$0$1,875,283
76$3,510,156$0$0$2,001,250
77$3,746,944$0$0$2,138,008
78$4,004,064$0$0$2,286,593
79$4,283,471$0$0$2,448,145
80$4,587,314$0$0$2,623,917
81$4,917,957$0$0$2,815,289
82$5,278,002$0$0$3,023,778
83$5,670,312$0$0$3,251,056
84$6,098,037$0$0$3,498,959
85$6,564,644$0$0$3,769,512
86$7,073,950$0$0$4,064,941
87$7,630,157$0$0$4,387,699
88$8,237,888$0$0$4,740,485
89$8,902,236$0$0$5,126,269
90$9,628,806$0$0$5,548,325
91$10,423,770$0$0$6,010,254
92$11,293,925$0$0$6,516,024
93$12,246,753$0$0$7,070,004
94$13,290,497$0$0$7,677,003
95$14,434,232$0$0$8,342,322
96$15,687,953$0$0$9,071,794
97$17,062,669$0$0$9,871,847
98$18,570,504$0$0$10,749,559
99$20,224,812$0$0$11,712,727
100$22,040,304$0$0$12,769,940