Can I retire at age 53 with 937,000?

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 $937,000?

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$77,377$76,687$76,015$75,359$74,718$72,941
2 years$38,305$37,592$36,900$36,230$35,580$33,800
3 years$25,283$24,567$23,877$23,213$22,573$20,846
4 years$18,773$18,059$17,376$16,724$16,099$14,439
5 years$14,869$14,159$13,485$12,845$12,239$10,648
6 years$12,266$11,562$10,898$10,273$9,684$8,166
7 years$10,408$9,709$9,056$8,446$7,876$6,430
8 years$9,015$8,323$7,680$7,085$6,534$5,160
9 years$7,932$7,246$6,615$6,035$5,502$4,199
10 years$7,067$6,387$5,767$5,202$4,688$3,455
11 years$6,359$5,686$5,077$4,527$4,032$2,866
12 years$5,769$5,104$4,506$3,971$3,494$2,394
13 years$5,271$4,612$4,026$3,506$3,047$2,010
14 years$4,844$4,192$3,617$3,112$2,671$1,696
15 years$4,474$3,830$3,266$2,775$2,352$1,435
16 years$4,151$3,514$2,961$2,485$2,078$1,219
17 years$3,866$3,236$2,694$2,233$1,843$1,038
18 years$3,614$2,990$2,460$2,012$1,639$885
19 years$3,388$2,771$2,252$1,818$1,460$756
20 years$3,185$2,575$2,066$1,647$1,305$647
21 years$3,001$2,399$1,901$1,495$1,167$555
22 years$2,834$2,239$1,752$1,359$1,046$476
23 years$2,682$2,094$1,617$1,238$939$409
24 years$2,543$1,962$1,496$1,129$844$351
25 years$2,416$1,841$1,386$1,031$760$302
26 years$2,298$1,731$1,285$943$684$260
27 years$2,189$1,629$1,193$863$617$224
28 years$2,088$1,535$1,109$790$557$193
29 years$1,995$1,448$1,032$725$503$166
30 years$1,907$1,367$962$665$454$143
31 years$1,826$1,293$896$611$411$123
32 years$1,750$1,223$836$561$371$106
33 years$1,678$1,158$781$516$336$92
34 years$1,611$1,098$730$475$304$79
35 years$1,548$1,041$682$437$276$68
36 years$1,488$988$638$403$250$59
37 years$1,432$939$597$371$226$51
38 years$1,379$892$559$342$205$44
39 years$1,329$848$524$315$186$38
40 years$1,281$807$491$291$169$33
41 years$1,236$768$461$268$153$28
42 years$1,193$732$432$248$139$24
43 years$1,152$697$405$229$126$21
44 years$1,113$664$381$211$114$18
45 years$1,076$634$357$195$104$16
46 years$1,041$604$336$180$94$14
47 years$1,007$577$315$166$86$12
48 years$975$551$296$154$78$10
49 years$944$526$278$142$71$9
50 years$915$502$262$131$64$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $937,000, adding $4,564 every year, while hoping to spend $25,933 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: 49/43/8 Blend
52$937,000$937,000$937,000$937,000
53$1,037,282$987,621$973,097$1,085,706
54$1,115,492$1,008,422$978,104$1,140,116
55$1,200,811$1,029,373$982,408$1,196,057
56$1,293,935$1,050,454$985,961$1,256,211
57$1,395,633$1,071,643$988,707$1,320,979
58$1,506,751$1,092,917$990,592$1,390,803
59$1,628,219$1,114,249$991,556$1,466,167
60$1,761,061$1,135,611$991,537$1,547,609
61$1,906,407$1,156,973$990,471$1,635,717
62$2,065,497$1,178,302$988,289$1,731,143
63$2,239,702$1,199,562$984,920$1,834,603
64$2,430,526$1,220,715$980,290$1,946,888
65$2,639,628$1,241,719$974,319$2,068,867
66$2,868,837$1,262,530$966,925$2,201,501
67$3,120,164$1,283,100$958,022$2,345,848
68$3,395,826$1,303,377$947,521$2,503,074
69$3,698,263$1,323,305$935,326$2,674,464
70$4,030,165$1,342,826$921,339$2,861,435
71$4,394,493$1,361,876$905,455$3,065,550
72$4,794,510$1,380,387$887,566$3,288,530
73$5,233,810$1,398,286$867,560$3,532,275
74$5,716,352$1,415,495$845,316$3,798,877
75$6,246,497$1,431,931$820,711$4,090,643
76$6,829,049$1,447,505$793,615$4,410,117
77$7,469,303$1,462,123$763,891$4,760,104
78$8,173,088$1,475,684$731,398$5,143,695
79$8,946,830$1,488,079$695,987$5,564,299
80$9,797,606$1,499,195$657,502$6,025,672
81$10,733,215$1,508,908$615,781$6,531,957
82$11,762,247$1,517,090$570,655$7,087,722
83$12,894,170$1,523,601$521,945$7,698,000
84$14,139,413$1,528,294$469,467$8,368,342
85$15,509,466$1,531,014$413,028$9,104,866
86$17,016,991$1,531,593$352,424$9,914,318
87$18,675,940$1,529,857$287,445$10,804,134
88$20,501,682$1,525,616$217,871$11,782,511
89$22,511,155$1,518,673$143,471$12,858,487
90$24,723,020$1,508,815$64,005$14,042,023
91$27,157,842$1,495,821$0$15,344,103
92$29,838,277$1,479,451$0$16,778,606
93$32,789,292$1,459,455$0$18,363,050
94$36,038,397$1,435,566$0$20,106,700
95$39,615,906$1,407,501$0$22,025,797
96$43,555,220$1,374,960$0$24,138,243
97$47,893,148$1,337,628$0$26,463,769
98$52,670,245$1,295,169$0$29,024,124
99$57,931,205$1,247,226$0$31,843,281
100$63,725,273$1,193,426$0$34,947,663