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%15.8%
1 years$77,129$76,442$75,772$75,117$74,478$72,708
2 years$38,183$37,471$36,782$36,114$35,466$33,692
3 years$25,202$24,488$23,801$23,139$22,501$20,780
4 years$18,713$18,001$17,321$16,670$16,048$14,392
5 years$14,821$14,113$13,442$12,804$12,199$10,614
6 years$12,227$11,525$10,863$10,240$9,653$8,140
7 years$10,375$9,678$9,027$8,419$7,850$6,410
8 years$8,986$8,296$7,656$7,062$6,513$5,143
9 years$7,907$7,223$6,594$6,015$5,485$4,186
10 years$7,044$6,367$5,749$5,185$4,673$3,444
11 years$6,338$5,668$5,061$4,513$4,019$2,857
12 years$5,751$5,087$4,492$3,958$3,483$2,386
13 years$5,254$4,597$4,013$3,495$3,037$2,004
14 years$4,828$4,179$3,606$3,102$2,662$1,690
15 years$4,460$3,818$3,255$2,767$2,344$1,431
16 years$4,138$3,503$2,951$2,477$2,072$1,215
17 years$3,854$3,226$2,686$2,226$1,837$1,034
18 years$3,602$2,981$2,452$2,006$1,633$882
19 years$3,377$2,763$2,244$1,812$1,456$754
20 years$3,174$2,567$2,060$1,641$1,300$645
21 years$2,991$2,391$1,895$1,490$1,164$553
22 years$2,825$2,232$1,746$1,355$1,043$474
23 years$2,674$2,088$1,612$1,234$936$407
24 years$2,535$1,956$1,491$1,125$842$350
25 years$2,408$1,836$1,381$1,028$757$301
26 years$2,291$1,725$1,281$940$682$259
27 years$2,182$1,624$1,189$860$615$223
28 years$2,082$1,530$1,106$788$555$192
29 years$1,988$1,443$1,029$723$501$166
30 years$1,901$1,363$958$663$453$143
31 years$1,820$1,288$894$609$409$123
32 years$1,744$1,219$834$560$370$106
33 years$1,673$1,155$778$515$335$91
34 years$1,606$1,094$727$474$303$79
35 years$1,543$1,038$680$436$275$68
36 years$1,483$985$636$401$249$59
37 years$1,427$936$595$370$226$51
38 years$1,374$889$558$341$205$44
39 years$1,324$846$522$314$186$38
40 years$1,277$804$490$290$168$33
41 years$1,232$766$459$268$153$28
42 years$1,189$729$431$247$139$24
43 years$1,148$695$404$228$126$21
44 years$1,110$662$379$210$114$18
45 years$1,073$632$356$194$104$16
46 years$1,038$603$335$180$94$13
47 years$1,004$575$314$166$85$12
48 years$972$549$295$153$78$10
49 years$941$524$278$142$70$9
50 years$912$501$261$131$64$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $934,000, adding $5,464 every year, while hoping to spend $43,971 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: 46/28/26 Blend
52$934,000$934,000$934,000$934,000
53$1,034,904$985,402$970,925$1,074,552
54$1,093,680$986,902$956,666$1,104,591
55$1,156,976$987,002$940,456$1,132,453
56$1,225,209$985,586$922,183$1,161,821
57$1,298,834$982,533$901,729$1,192,859
58$1,378,351$977,713$878,973$1,225,749
59$1,464,310$970,989$853,786$1,260,696
60$1,557,316$962,214$826,034$1,297,928
61$1,658,034$951,234$795,578$1,337,698
62$1,767,194$937,884$762,270$1,380,289
63$1,885,599$921,992$725,958$1,426,017
64$2,014,134$903,374$686,481$1,475,232
65$2,153,770$881,833$643,672$1,528,326
66$2,305,575$857,163$597,356$1,585,731
67$2,470,726$829,147$547,350$1,647,932
68$2,650,518$797,553$493,464$1,715,465
69$2,846,373$762,135$435,497$1,788,926
70$3,059,858$722,635$373,242$1,868,979
71$3,292,699$678,779$306,480$1,956,357
72$3,546,792$630,278$234,986$2,051,878
73$3,824,228$576,824$158,520$2,156,447
74$4,127,305$518,094$76,837$2,271,068
75$4,458,556$453,746$0$2,396,854
76$4,820,767$383,419$0$2,537,908
77$5,217,009$306,730$0$2,715,665
78$5,650,660$223,275$0$2,910,379
79$6,125,441$132,629$0$3,123,812
80$6,645,449$34,342$0$3,357,908
81$7,215,198$0$0$3,614,814
82$7,839,656$0$0$3,919,104
83$8,524,297$0$0$4,264,431
84$9,275,149$0$0$4,643,266
85$10,098,851$0$0$5,058,975
86$11,002,716$0$0$5,515,261
87$11,994,800$0$0$6,016,208
88$13,083,974$0$0$6,566,310
89$14,280,015$0$0$7,170,521
90$15,593,688$0$0$7,834,297
91$17,036,855$0$0$8,563,648
92$18,622,582$0$0$9,365,195
93$20,365,264$0$0$10,246,234
94$22,280,760$0$0$11,214,801
95$24,386,540$0$0$12,279,751
96$26,701,855$0$0$13,450,839
97$29,247,910$0$0$14,738,812
98$32,048,071$0$0$16,155,512
99$35,128,079$0$0$17,713,985
100$38,516,298$0$0$19,428,607