Can I retire at age 53 with 936,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%19.2%
1 years$77,294$76,606$75,934$75,278$74,638$71,875
2 years$38,264$37,552$36,861$36,191$35,542$32,790
3 years$25,256$24,540$23,852$23,188$22,549$19,894
4 years$18,753$18,040$17,358$16,706$16,082$13,545
5 years$14,853$14,143$13,470$12,832$12,226$9,812
6 years$12,253$11,549$10,886$10,262$9,674$7,386
7 years$10,397$9,699$9,046$8,437$7,867$5,704
8 years$9,006$8,314$7,672$7,077$6,527$4,487
9 years$7,924$7,239$6,608$6,028$5,496$3,577
10 years$7,059$6,381$5,761$5,196$4,683$2,880
11 years$6,352$5,680$5,072$4,522$4,028$2,338
12 years$5,763$5,098$4,501$3,967$3,490$1,909
13 years$5,265$4,607$4,021$3,502$3,044$1,567
14 years$4,839$4,188$3,613$3,109$2,668$1,291
15 years$4,470$3,826$3,262$2,772$2,349$1,067
16 years$4,147$3,510$2,958$2,482$2,076$884
17 years$3,862$3,233$2,691$2,230$1,841$734
18 years$3,610$2,987$2,457$2,010$1,637$611
19 years$3,384$2,768$2,249$1,816$1,459$509
20 years$3,181$2,573$2,064$1,645$1,303$424
21 years$2,998$2,396$1,899$1,493$1,166$354
22 years$2,831$2,237$1,750$1,357$1,045$296
23 years$2,680$2,092$1,616$1,236$938$247
24 years$2,541$1,960$1,494$1,128$843$207
25 years$2,413$1,839$1,384$1,030$759$173
26 years$2,296$1,729$1,284$942$684$145
27 years$2,187$1,627$1,192$862$616$121
28 years$2,086$1,533$1,108$790$556$102
29 years$1,993$1,446$1,031$724$502$85
30 years$1,905$1,366$960$665$454$71
31 years$1,824$1,291$895$610$410$60
32 years$1,748$1,222$835$561$371$50
33 years$1,676$1,157$780$516$336$42
34 years$1,609$1,097$729$475$304$35
35 years$1,546$1,040$681$437$275$30
36 years$1,487$987$637$402$250$25
37 years$1,430$938$597$371$226$21
38 years$1,377$891$559$342$205$17
39 years$1,327$847$523$315$186$15
40 years$1,280$806$491$291$169$12
41 years$1,235$767$460$268$153$10
42 years$1,192$731$432$247$139$9
43 years$1,151$696$405$228$126$7
44 years$1,112$664$380$211$114$6
45 years$1,075$633$357$195$104$5
46 years$1,040$604$335$180$94$4
47 years$1,006$576$315$166$86$4
48 years$974$550$296$154$78$3
49 years$943$525$278$142$71$3
50 years$914$502$262$131$64$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $936,000, adding $3,997 every year, while hoping to spend $39,178 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: 80/5/15 Blend
52$936,000$936,000$936,000$936,000
53$1,035,595$985,987$971,479$1,114,932
54$1,099,540$992,615$962,338$1,174,317
55$1,168,695$998,255$951,579$1,234,029
56$1,243,550$1,002,817$939,104$1,298,447
57$1,324,642$1,006,205$924,814$1,368,024
58$1,412,565$1,008,319$908,604$1,443,263
59$1,507,969$1,009,049$890,365$1,524,715
60$1,611,571$1,008,282$869,982$1,612,987
61$1,724,159$1,005,895$847,334$1,708,749
62$1,846,600$1,001,760$822,296$1,812,740
63$1,979,846$995,740$794,736$1,925,772
64$2,124,948$987,689$764,517$2,048,741
65$2,283,060$977,452$731,496$2,182,636
66$2,455,452$964,867$695,521$2,328,544
67$2,643,523$949,761$656,436$2,487,666
68$2,848,812$931,949$614,076$2,661,322
69$3,073,014$911,237$568,270$2,850,972
70$3,317,993$887,420$518,839$3,058,219
71$3,585,803$860,278$465,596$3,284,836
72$3,878,706$829,582$408,344$3,532,771
73$4,199,189$795,088$346,879$3,804,176
74$4,549,995$756,536$280,988$4,101,420
75$4,934,142$713,653$210,448$4,427,117
76$5,354,953$666,150$135,026$4,784,144
77$5,816,088$613,722$54,480$5,175,677
78$6,321,580$556,046$0$5,605,212
79$6,875,868$492,779$0$6,081,643
80$7,483,843$423,561$0$6,613,814
81$8,150,889$348,010$0$7,197,726
82$8,882,941$265,724$0$7,838,587
83$9,686,533$176,276$0$8,542,136
84$10,568,864$79,218$0$9,314,695
85$11,537,863$0$0$10,163,230
86$12,602,265$0$0$11,096,842
87$13,771,694$0$0$12,127,391
88$15,056,751$0$0$13,259,865
89$16,469,115$0$0$14,504,558
90$18,021,651$0$0$15,872,814
91$19,728,536$0$0$17,377,129
92$21,605,387$0$0$19,031,270
93$23,669,409$0$0$20,850,407
94$25,939,560$0$0$22,851,251
95$28,436,727$0$0$25,052,216
96$31,183,921$0$0$27,473,588
97$34,206,499$0$0$30,137,721
98$37,532,397$0$0$33,069,242
99$41,192,397$0$0$36,295,289
100$45,220,415$0$0$39,845,763