Can I retire at age 53 with 934,000?

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 $934,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$77,129$76,442$75,772$75,117$74,478$72,385
2 years$38,183$37,471$36,782$36,114$35,466$33,372
3 years$25,202$24,488$23,801$23,139$22,501$20,473
4 years$18,713$18,001$17,321$16,670$16,048$14,102
5 years$14,821$14,113$13,442$12,804$12,199$10,340
6 years$12,227$11,525$10,863$10,240$9,653$7,882
7 years$10,375$9,678$9,027$8,419$7,850$6,168
8 years$8,986$8,296$7,656$7,062$6,513$4,918
9 years$7,907$7,223$6,594$6,015$5,485$3,976
10 years$7,044$6,367$5,749$5,185$4,673$3,248
11 years$6,338$5,668$5,061$4,513$4,019$2,676
12 years$5,751$5,087$4,492$3,958$3,483$2,219
13 years$5,254$4,597$4,013$3,495$3,037$1,850
14 years$4,828$4,179$3,606$3,102$2,662$1,548
15 years$4,460$3,818$3,255$2,767$2,344$1,301
16 years$4,138$3,503$2,951$2,477$2,072$1,096
17 years$3,854$3,226$2,686$2,226$1,837$925
18 years$3,602$2,981$2,452$2,006$1,633$783
19 years$3,377$2,763$2,244$1,812$1,456$664
20 years$3,174$2,567$2,060$1,641$1,300$563
21 years$2,991$2,391$1,895$1,490$1,164$479
22 years$2,825$2,232$1,746$1,355$1,043$407
23 years$2,674$2,088$1,612$1,234$936$347
24 years$2,535$1,956$1,491$1,125$842$295
25 years$2,408$1,836$1,381$1,028$757$252
26 years$2,291$1,725$1,281$940$682$215
27 years$2,182$1,624$1,189$860$615$183
28 years$2,082$1,530$1,106$788$555$156
29 years$1,988$1,443$1,029$723$501$134
30 years$1,901$1,363$958$663$453$114
31 years$1,820$1,288$894$609$409$97
32 years$1,744$1,219$834$560$370$83
33 years$1,673$1,155$778$515$335$71
34 years$1,606$1,094$727$474$303$61
35 years$1,543$1,038$680$436$275$52
36 years$1,483$985$636$401$249$44
37 years$1,427$936$595$370$226$38
38 years$1,374$889$558$341$205$32
39 years$1,324$846$522$314$186$28
40 years$1,277$804$490$290$168$24
41 years$1,232$766$459$268$153$20
42 years$1,189$729$431$247$139$17
43 years$1,148$695$404$228$126$15
44 years$1,110$662$379$210$114$13
45 years$1,073$632$356$194$104$11
46 years$1,038$603$335$180$94$9
47 years$1,004$575$314$166$85$8
48 years$972$549$295$153$78$7
49 years$941$524$278$142$70$6
50 years$912$501$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 $934,000, adding $4,610 every year, while hoping to spend $23,799 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: 73/10/17 Blend
52$934,000$934,000$934,000$934,000
53$1,034,023$984,521$970,044$1,105,134
54$1,114,172$1,007,441$977,219$1,175,833
55$1,201,698$1,030,686$983,836$1,249,913
56$1,297,328$1,054,247$989,852$1,330,443
57$1,401,865$1,078,114$995,221$1,418,057
58$1,516,189$1,102,275$999,895$1,513,456
59$1,641,270$1,126,717$1,003,822$1,617,410
60$1,778,179$1,151,426$1,006,949$1,730,769
61$1,928,092$1,176,384$1,009,220$1,854,466
62$2,092,304$1,201,574$1,010,576$1,989,534
63$2,272,244$1,226,976$1,010,955$2,137,106
64$2,469,484$1,252,568$1,010,293$2,298,436
65$2,685,754$1,278,327$1,008,521$2,474,900
66$2,922,962$1,304,226$1,005,567$2,668,017
67$3,183,208$1,330,237$1,001,357$2,879,462
68$3,468,805$1,356,328$995,812$3,111,078
69$3,782,301$1,382,467$988,851$3,364,897
70$4,126,505$1,408,616$980,386$3,643,158
71$4,504,506$1,434,737$970,327$3,948,330
72$4,919,713$1,460,786$958,580$4,283,130
73$5,375,877$1,486,717$945,045$4,650,557
74$5,877,131$1,512,482$929,619$5,053,910
75$6,428,030$1,538,025$912,194$5,496,831
76$7,033,591$1,563,290$892,654$5,983,328
77$7,699,342$1,588,216$870,882$6,517,821
78$8,431,371$1,612,734$846,753$7,105,180
79$9,236,388$1,636,775$820,136$7,750,772
80$10,121,784$1,660,262$790,896$8,460,512
81$11,095,705$1,683,114$758,889$9,240,918
82$12,167,122$1,705,242$723,968$10,099,173
83$13,345,924$1,726,554$685,975$11,043,194
84$14,643,002$1,746,949$644,750$12,081,705
85$16,070,360$1,766,322$600,121$13,224,320
86$17,641,223$1,784,557$551,910$14,481,636
87$19,370,161$1,801,534$499,933$15,865,330
88$21,273,231$1,817,123$443,995$17,388,270
89$23,368,125$1,831,186$383,893$19,064,639
90$25,674,337$1,843,577$319,416$20,910,066
91$28,213,345$1,854,139$250,343$22,941,776
92$31,008,820$1,862,705$176,443$25,178,752
93$34,086,841$1,869,099$97,475$27,641,914
94$37,476,147$1,873,133$13,189$30,354,317
95$41,208,404$1,874,607$0$33,341,368
96$45,318,507$1,873,308$0$36,644,992
97$49,844,905$1,869,011$0$40,285,582
98$54,829,970$1,861,476$0$44,294,802
99$60,320,389$1,850,450$0$48,710,185
100$66,367,610$1,835,664$0$53,573,090