Can I retire at age 53 with 936,000?

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 $936,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$77,294$76,606$75,934$75,278$74,638$74,168
2 years$38,264$37,552$36,861$36,191$35,542$35,067
3 years$25,256$24,540$23,852$23,188$22,549$22,085
4 years$18,753$18,040$17,358$16,706$16,082$15,633
5 years$14,853$14,143$13,470$12,832$12,226$11,791
6 years$12,253$11,549$10,886$10,262$9,674$9,255
7 years$10,397$9,699$9,046$8,437$7,867$7,465
8 years$9,006$8,314$7,672$7,077$6,527$6,141
9 years$7,924$7,239$6,608$6,028$5,496$5,127
10 years$7,059$6,381$5,761$5,196$4,683$4,330
11 years$6,352$5,680$5,072$4,522$4,028$3,690
12 years$5,763$5,098$4,501$3,967$3,490$3,168
13 years$5,265$4,607$4,021$3,502$3,044$2,736
14 years$4,839$4,188$3,613$3,109$2,668$2,376
15 years$4,470$3,826$3,262$2,772$2,349$2,071
16 years$4,147$3,510$2,958$2,482$2,076$1,812
17 years$3,862$3,233$2,691$2,230$1,841$1,590
18 years$3,610$2,987$2,457$2,010$1,637$1,399
19 years$3,384$2,768$2,249$1,816$1,459$1,234
20 years$3,181$2,573$2,064$1,645$1,303$1,091
21 years$2,998$2,396$1,899$1,493$1,166$965
22 years$2,831$2,237$1,750$1,357$1,045$856
23 years$2,680$2,092$1,616$1,236$938$760
24 years$2,541$1,960$1,494$1,128$843$675
25 years$2,413$1,839$1,384$1,030$759$601
26 years$2,296$1,729$1,284$942$684$535
27 years$2,187$1,627$1,192$862$616$477
28 years$2,086$1,533$1,108$790$556$425
29 years$1,993$1,446$1,031$724$502$379
30 years$1,905$1,366$960$665$454$339
31 years$1,824$1,291$895$610$410$302
32 years$1,748$1,222$835$561$371$270
33 years$1,676$1,157$780$516$336$242
34 years$1,609$1,097$729$475$304$216
35 years$1,546$1,040$681$437$275$193
36 years$1,487$987$637$402$250$173
37 years$1,430$938$597$371$226$155
38 years$1,377$891$559$342$205$139
39 years$1,327$847$523$315$186$124
40 years$1,280$806$491$291$169$111
41 years$1,235$767$460$268$153$99
42 years$1,192$731$432$247$139$89
43 years$1,151$696$405$228$126$80
44 years$1,112$664$380$211$114$72
45 years$1,075$633$357$195$104$64
46 years$1,040$604$335$180$94$57
47 years$1,006$576$315$166$86$51
48 years$974$550$296$154$78$46
49 years$943$525$278$142$71$41
50 years$914$502$262$131$64$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $936,000, adding $6,010 every year, while hoping to spend $45,490 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: 49/22/29 Blend
52$936,000$936,000$936,000$936,000
53$1,037,671$988,063$973,555$1,079,699
54$1,095,113$988,077$957,768$1,109,836
55$1,156,889$986,568$939,928$1,137,606
56$1,223,393$983,411$919,917$1,166,902
57$1,295,059$978,478$897,614$1,197,891
58$1,372,361$971,629$872,890$1,230,760
59$1,455,822$962,719$845,612$1,265,717
60$1,546,015$951,592$815,640$1,302,994
61$1,643,572$938,084$782,828$1,342,850
62$1,749,186$922,019$747,021$1,385,574
63$1,863,618$903,213$708,062$1,431,486
64$1,987,706$881,470$665,781$1,480,943
65$2,122,373$856,583$620,006$1,534,344
66$2,268,631$828,331$570,552$1,592,130
67$2,427,596$796,484$517,229$1,654,792
68$2,600,493$760,794$459,839$1,722,876
69$2,788,672$721,001$398,172$1,796,989
70$2,993,617$676,831$332,012$1,877,804
71$3,216,963$627,992$261,131$1,966,068
72$3,460,506$574,178$185,292$2,062,609
73$3,726,227$515,062$104,249$2,168,348
74$4,016,303$450,300$17,742$2,284,304
75$4,333,132$379,531$0$2,411,607
76$4,679,353$302,369$0$2,574,586
77$5,057,872$218,410$0$2,758,911
78$5,471,888$127,226$0$2,960,715
79$5,924,925$28,364$0$3,181,795
80$6,420,861$0$0$3,424,134
81$6,963,968$0$0$3,708,963
82$7,558,949$0$0$4,028,621
83$8,210,985$0$0$4,379,036
84$8,925,781$0$0$4,763,288
85$9,709,621$0$0$5,184,767
86$10,569,424$0$0$5,647,209
87$11,512,814$0$0$6,154,729
88$12,548,187$0$0$6,711,858
89$13,684,792$0$0$7,323,588
90$14,932,816$0$0$7,995,420
91$16,303,482$0$0$8,733,410
92$17,809,153$0$0$9,544,233
93$19,463,448$0$0$10,435,240
94$21,281,370$0$0$11,414,530
95$23,279,449$0$0$12,491,028
96$25,475,895$0$0$13,674,563
97$27,890,769$0$0$14,975,967
98$30,546,175$0$0$16,407,172
99$33,466,464$0$0$17,981,324
100$36,678,468$0$0$19,712,910