Can I retire at age 53 with 935,000?

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 $935,000?

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$77,211$76,524$75,853$75,198$74,558$72,433
2 years$38,223$37,512$36,822$36,153$35,504$33,379
3 years$25,229$24,514$23,826$23,163$22,525$20,468
4 years$18,733$18,021$17,339$16,688$16,065$14,091
5 years$14,837$14,128$13,456$12,818$12,212$10,326
6 years$12,240$11,537$10,874$10,251$9,663$7,867
7 years$10,386$9,689$9,037$8,428$7,859$6,153
8 years$8,996$8,305$7,664$7,070$6,520$4,903
9 years$7,915$7,231$6,601$6,022$5,491$3,961
10 years$7,051$6,374$5,755$5,191$4,678$3,235
11 years$6,345$5,674$5,066$4,518$4,023$2,663
12 years$5,757$5,093$4,496$3,963$3,487$2,207
13 years$5,260$4,602$4,017$3,498$3,040$1,838
14 years$4,834$4,183$3,609$3,105$2,665$1,538
15 years$4,465$3,822$3,259$2,769$2,347$1,291
16 years$4,142$3,506$2,955$2,480$2,074$1,087
17 years$3,858$3,229$2,689$2,228$1,839$917
18 years$3,606$2,984$2,454$2,008$1,635$775
19 years$3,380$2,765$2,247$1,814$1,457$657
20 years$3,178$2,570$2,062$1,643$1,302$557
21 years$2,995$2,394$1,897$1,491$1,165$473
22 years$2,828$2,234$1,748$1,356$1,044$402
23 years$2,677$2,090$1,614$1,235$937$342
24 years$2,538$1,958$1,493$1,126$842$291
25 years$2,411$1,837$1,383$1,029$758$248
26 years$2,293$1,727$1,282$941$683$211
27 years$2,185$1,625$1,191$861$616$180
28 years$2,084$1,531$1,107$789$556$154
29 years$1,990$1,445$1,030$723$502$131
30 years$1,903$1,364$959$664$453$112
31 years$1,822$1,290$894$610$410$95
32 years$1,746$1,220$835$560$371$82
33 years$1,674$1,156$779$515$335$70
34 years$1,607$1,095$728$474$304$59
35 years$1,544$1,039$681$436$275$51
36 years$1,485$986$637$402$249$43
37 years$1,429$937$596$370$226$37
38 years$1,376$890$558$341$205$32
39 years$1,326$846$523$315$186$27
40 years$1,278$805$490$290$168$23
41 years$1,233$767$460$268$153$20
42 years$1,190$730$431$247$139$17
43 years$1,150$696$405$228$126$14
44 years$1,111$663$380$211$114$12
45 years$1,074$632$357$195$104$11
46 years$1,039$603$335$180$94$9
47 years$1,005$576$315$166$86$8
48 years$973$549$296$153$78$7
49 years$942$525$278$142$71$6
50 years$913$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 $935,000, adding $5,417 every year, while hoping to spend $37,795 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: 64/20/16 Blend
52$935,000$935,000$935,000$935,000
53$1,035,958$986,403$971,910$1,097,853
54$1,101,412$994,523$964,256$1,148,139
55$1,172,275$1,001,774$955,078$1,198,223
56$1,249,061$1,008,074$944,286$1,252,020
57$1,332,330$1,013,335$931,785$1,309,894
58$1,422,703$1,017,463$917,475$1,372,243
59$1,520,859$1,020,360$901,251$1,439,511
60$1,627,549$1,021,920$883,005$1,512,186
61$1,743,595$1,022,030$862,621$1,590,806
62$1,869,903$1,020,571$839,981$1,675,966
63$2,007,472$1,017,418$814,959$1,768,322
64$2,157,399$1,012,435$787,424$1,868,598
65$2,320,890$1,005,481$757,240$1,977,594
66$2,499,276$996,405$724,262$2,096,192
67$2,694,019$985,046$688,342$2,225,366
68$2,906,730$971,235$649,323$2,366,189
69$3,139,183$954,791$607,041$2,519,849
70$3,393,328$935,525$561,326$2,687,654
71$3,671,316$913,233$511,999$2,871,047
72$3,975,512$887,704$458,873$3,071,622
73$4,308,523$858,710$401,753$3,291,137
74$4,673,217$826,011$340,437$3,531,533
75$5,072,754$789,355$274,711$3,794,950
76$5,510,615$748,474$204,354$4,083,748
77$5,990,631$703,082$129,133$4,400,534
78$6,517,024$652,882$48,808$4,748,182
79$7,094,443$597,555$0$5,129,862
80$7,728,008$536,767$0$5,555,374
81$8,423,359$470,163$0$6,031,577
82$9,186,709$397,369$0$6,554,432
83$10,024,903$317,989$0$7,128,683
84$10,945,478$231,606$0$7,759,559
85$11,956,740$137,778$0$8,452,824
86$13,067,838$36,039$0$9,214,833
87$14,288,851$0$0$10,052,591
88$15,630,881$0$0$10,990,128
89$17,106,163$0$0$12,029,543
90$18,728,172$0$0$13,172,408
91$20,511,758$0$0$14,429,196
92$22,473,279$0$0$15,811,441
93$24,630,759$0$0$17,331,855
94$27,004,056$0$0$19,004,442
95$29,615,049$0$0$20,844,633
96$32,487,846$0$0$22,869,427
97$35,649,008$0$0$25,097,558
98$39,127,801$0$0$27,549,665
99$42,956,473$0$0$30,248,490
100$47,170,556$0$0$33,219,091