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%12.9%
1 years$77,294$76,606$75,934$75,278$74,638$73,736
2 years$38,264$37,552$36,861$36,191$35,542$34,634
3 years$25,256$24,540$23,852$23,188$22,549$21,664
4 years$18,753$18,040$17,358$16,706$16,082$15,226
5 years$14,853$14,143$13,470$12,832$12,226$11,401
6 years$12,253$11,549$10,886$10,262$9,674$8,882
7 years$10,397$9,699$9,046$8,437$7,867$7,109
8 years$9,006$8,314$7,672$7,077$6,527$5,801
9 years$7,924$7,239$6,608$6,028$5,496$4,804
10 years$7,059$6,381$5,761$5,196$4,683$4,023
11 years$6,352$5,680$5,072$4,522$4,028$3,399
12 years$5,763$5,098$4,501$3,967$3,490$2,892
13 years$5,265$4,607$4,021$3,502$3,044$2,476
14 years$4,839$4,188$3,613$3,109$2,668$2,130
15 years$4,470$3,826$3,262$2,772$2,349$1,839
16 years$4,147$3,510$2,958$2,482$2,076$1,594
17 years$3,862$3,233$2,691$2,230$1,841$1,385
18 years$3,610$2,987$2,457$2,010$1,637$1,207
19 years$3,384$2,768$2,249$1,816$1,459$1,054
20 years$3,181$2,573$2,064$1,645$1,303$922
21 years$2,998$2,396$1,899$1,493$1,166$807
22 years$2,831$2,237$1,750$1,357$1,045$708
23 years$2,680$2,092$1,616$1,236$938$622
24 years$2,541$1,960$1,494$1,128$843$547
25 years$2,413$1,839$1,384$1,030$759$481
26 years$2,296$1,729$1,284$942$684$424
27 years$2,187$1,627$1,192$862$616$373
28 years$2,086$1,533$1,108$790$556$329
29 years$1,993$1,446$1,031$724$502$291
30 years$1,905$1,366$960$665$454$256
31 years$1,824$1,291$895$610$410$226
32 years$1,748$1,222$835$561$371$200
33 years$1,676$1,157$780$516$336$177
34 years$1,609$1,097$729$475$304$156
35 years$1,546$1,040$681$437$275$138
36 years$1,487$987$637$402$250$122
37 years$1,430$938$597$371$226$108
38 years$1,377$891$559$342$205$96
39 years$1,327$847$523$315$186$85
40 years$1,280$806$491$291$169$75
41 years$1,235$767$460$268$153$66
42 years$1,192$731$432$247$139$59
43 years$1,151$696$405$228$126$52
44 years$1,112$664$380$211$114$46
45 years$1,075$633$357$195$104$41
46 years$1,040$604$335$180$94$36
47 years$1,006$576$315$166$86$32
48 years$974$550$296$154$78$28
49 years$943$525$278$142$71$25
50 years$914$502$262$131$64$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $936,000, adding $5,909 every year, while hoping to spend $43,755 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: 63/15/22 Blend
52$936,000$936,000$936,000$936,000
53$1,037,567$987,959$973,451$1,096,649
54$1,096,844$989,814$959,507$1,139,082
55$1,160,701$990,294$943,629$1,179,996
56$1,229,558$989,284$925,706$1,223,687
57$1,303,878$986,664$905,623$1,270,429
58$1,384,170$982,307$883,257$1,320,529
59$1,470,991$976,076$858,482$1,374,323
60$1,564,956$967,827$831,165$1,432,185
61$1,666,738$957,407$801,166$1,494,527
62$1,777,081$944,655$768,340$1,561,807
63$1,896,798$929,399$732,535$1,634,529
64$2,026,789$911,456$693,592$1,713,252
65$2,168,038$890,635$651,344$1,798,591
66$2,321,632$866,730$605,618$1,891,231
67$2,488,766$839,527$556,233$1,991,924
68$2,670,752$808,796$502,999$2,101,503
69$2,869,037$774,295$445,718$2,220,891
70$3,085,211$735,768$384,183$2,351,103
71$3,321,027$692,945$318,177$2,493,265
72$3,578,412$645,539$247,476$2,648,618
73$3,859,487$593,248$171,843$2,818,535
74$4,166,588$535,750$91,033$3,004,531
75$4,502,286$472,708$4,789$3,208,279
76$4,869,413$403,765$0$3,431,629
77$5,271,086$328,542$0$3,697,102
78$5,710,736$246,640$0$3,989,002
79$6,192,144$157,638$0$4,308,762
80$6,719,471$61,091$0$4,659,199
81$7,297,300$0$0$5,043,423
82$7,930,681$0$0$5,472,034
83$8,625,171$0$0$5,953,123
84$9,386,895$0$0$6,480,855
85$10,222,596$0$0$7,059,912
86$11,139,703$0$0$7,695,450
87$12,146,399$0$0$8,393,149
88$13,251,697$0$0$9,159,265
89$14,465,525$0$0$10,000,691
90$15,798,822$0$0$10,925,018
91$17,263,637$0$0$11,940,611
92$18,873,242$0$0$13,056,683
93$20,642,262$0$0$14,283,386
94$22,586,806$0$0$15,631,902
95$24,724,624$0$0$17,114,553
96$27,075,268$0$0$18,744,912
97$29,660,284$0$0$20,537,936
98$32,503,406$0$0$22,510,100
99$35,630,786$0$0$24,679,560
100$39,071,238$0$0$27,066,319