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%17.5%
1 years$77,046$76,360$75,690$75,037$74,399$72,133
2 years$38,142$37,431$36,743$36,075$35,428$33,164
3 years$25,175$24,462$23,775$23,114$22,477$20,287
4 years$18,693$17,982$17,302$16,652$16,031$13,931
5 years$14,805$14,098$13,427$12,791$12,186$10,183
6 years$12,214$11,512$10,851$10,229$9,643$7,737
7 years$10,364$9,668$9,017$8,410$7,842$6,034
8 years$8,977$8,287$7,647$7,055$6,506$4,794
9 years$7,898$7,215$6,587$6,009$5,479$3,861
10 years$7,036$6,360$5,742$5,180$4,668$3,143
11 years$6,332$5,662$5,056$4,508$4,015$2,579
12 years$5,745$5,082$4,487$3,954$3,479$2,130
13 years$5,248$4,593$4,009$3,491$3,034$1,769
14 years$4,823$4,175$3,602$3,099$2,659$1,474
15 years$4,455$3,814$3,252$2,764$2,342$1,233
16 years$4,134$3,499$2,948$2,474$2,070$1,035
17 years$3,850$3,222$2,683$2,223$1,835$870
18 years$3,598$2,978$2,449$2,004$1,632$733
19 years$3,373$2,760$2,242$1,810$1,454$618
20 years$3,171$2,564$2,058$1,640$1,299$522
21 years$2,988$2,389$1,893$1,488$1,162$442
22 years$2,822$2,230$1,744$1,353$1,042$374
23 years$2,671$2,085$1,611$1,232$935$317
24 years$2,533$1,954$1,490$1,124$841$269
25 years$2,405$1,834$1,380$1,026$756$228
26 years$2,288$1,723$1,279$938$681$194
27 years$2,180$1,622$1,188$859$614$164
28 years$2,079$1,528$1,105$787$554$140
29 years$1,986$1,442$1,028$722$501$119
30 years$1,899$1,362$957$662$452$101
31 years$1,818$1,287$893$608$409$86
32 years$1,742$1,218$833$559$370$73
33 years$1,671$1,153$778$514$335$62
34 years$1,604$1,093$727$473$303$53
35 years$1,541$1,037$679$435$275$45
36 years$1,482$984$635$401$249$38
37 years$1,426$935$595$370$225$32
38 years$1,373$888$557$341$204$28
39 years$1,323$845$522$314$185$23
40 years$1,276$804$489$290$168$20
41 years$1,231$765$459$267$153$17
42 years$1,188$728$430$247$138$14
43 years$1,147$694$404$228$126$12
44 years$1,109$662$379$210$114$10
45 years$1,072$631$356$194$103$9
46 years$1,037$602$334$179$94$8
47 years$1,003$574$314$166$85$6
48 years$971$548$295$153$77$5
49 years$940$524$277$141$70$5
50 years$911$500$261$131$64$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $933,000, adding $6,301 every year, while hoping to spend $30,943 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: 42/41/17 Blend
52$933,000$933,000$933,000$933,000
53$1,034,665$985,216$970,755$1,072,727
54$1,107,278$1,000,569$970,352$1,115,573
55$1,186,260$1,015,637$968,899$1,158,425
56$1,272,229$1,030,373$966,327$1,204,174
57$1,365,863$1,044,728$962,566$1,253,101
58$1,467,910$1,058,648$957,540$1,305,514
59$1,579,191$1,072,076$951,172$1,361,756
60$1,700,611$1,084,951$943,379$1,422,206
61$1,833,168$1,097,208$934,077$1,487,281
62$1,977,957$1,108,777$923,174$1,557,444
63$2,136,185$1,119,583$910,577$1,633,204
64$2,309,181$1,129,548$896,187$1,715,125
65$2,498,409$1,138,587$879,900$1,803,831
66$2,705,479$1,146,611$861,609$1,900,008
67$2,932,166$1,153,523$841,201$2,004,418
68$3,180,423$1,159,221$818,557$2,117,900
69$3,452,401$1,163,598$793,554$2,241,382
70$3,750,469$1,166,538$766,061$2,375,887
71$4,077,237$1,167,918$735,945$2,522,548
72$4,435,578$1,167,609$703,062$2,682,613
73$4,828,658$1,165,472$667,265$2,857,462
74$5,259,962$1,161,362$628,399$3,048,619
75$5,733,331$1,155,121$586,303$3,257,765
76$6,252,994$1,146,586$540,808$3,486,758
77$6,823,611$1,135,580$491,737$3,737,648
78$7,450,315$1,121,919$438,906$4,012,699
79$8,138,759$1,105,405$382,121$4,314,410
80$8,895,173$1,085,830$321,183$4,645,537
81$9,726,418$1,062,974$255,880$5,009,126
82$10,640,055$1,036,601$185,993$5,408,537
83$11,644,410$1,006,465$111,294$5,847,477
84$12,748,661$972,302$31,544$6,330,039
85$13,962,916$933,836$0$6,860,738
86$15,298,312$890,773$0$7,454,273
87$16,767,121$842,802$0$8,113,165
88$18,382,862$789,594$0$8,837,802
89$20,160,432$730,803$0$9,634,928
90$22,116,244$666,059$0$10,511,982
91$24,268,381$594,976$0$11,477,165
92$26,636,768$517,143$0$12,539,525
93$29,243,361$432,126$0$13,709,034
94$32,112,351$339,466$0$14,996,693
95$35,270,391$238,681$0$16,414,630
96$38,746,853$129,258$0$17,976,218
97$42,574,099$10,659$0$19,696,204
98$46,787,789$0$0$21,590,846
99$51,427,215$0$0$23,731,169
100$56,535,676$0$0$26,093,319