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%11.7%
1 years$77,377$76,687$76,015$75,359$74,718$74,185
2 years$38,305$37,592$36,900$36,230$35,580$35,042
3 years$25,283$24,567$23,877$23,213$22,573$22,048
4 years$18,773$18,059$17,376$16,724$16,099$15,590
5 years$14,869$14,159$13,485$12,845$12,239$11,747
6 years$12,266$11,562$10,898$10,273$9,684$9,211
7 years$10,408$9,709$9,056$8,446$7,876$7,421
8 years$9,015$8,323$7,680$7,085$6,534$6,098
9 years$7,932$7,246$6,615$6,035$5,502$5,085
10 years$7,067$6,387$5,767$5,202$4,688$4,289
11 years$6,359$5,686$5,077$4,527$4,032$3,651
12 years$5,769$5,104$4,506$3,971$3,494$3,131
13 years$5,271$4,612$4,026$3,506$3,047$2,701
14 years$4,844$4,192$3,617$3,112$2,671$2,341
15 years$4,474$3,830$3,266$2,775$2,352$2,039
16 years$4,151$3,514$2,961$2,485$2,078$1,781
17 years$3,866$3,236$2,694$2,233$1,843$1,561
18 years$3,614$2,990$2,460$2,012$1,639$1,372
19 years$3,388$2,771$2,252$1,818$1,460$1,208
20 years$3,185$2,575$2,066$1,647$1,305$1,066
21 years$3,001$2,399$1,901$1,495$1,167$942
22 years$2,834$2,239$1,752$1,359$1,046$834
23 years$2,682$2,094$1,617$1,238$939$739
24 years$2,543$1,962$1,496$1,129$844$656
25 years$2,416$1,841$1,386$1,031$760$583
26 years$2,298$1,731$1,285$943$684$518
27 years$2,189$1,629$1,193$863$617$461
28 years$2,088$1,535$1,109$790$557$410
29 years$1,995$1,448$1,032$725$503$365
30 years$1,907$1,367$962$665$454$326
31 years$1,826$1,293$896$611$411$291
32 years$1,750$1,223$836$561$371$259
33 years$1,678$1,158$781$516$336$231
34 years$1,611$1,098$730$475$304$206
35 years$1,548$1,041$682$437$276$184
36 years$1,488$988$638$403$250$165
37 years$1,432$939$597$371$226$147
38 years$1,379$892$559$342$205$132
39 years$1,329$848$524$315$186$118
40 years$1,281$807$491$291$169$105
41 years$1,236$768$461$268$153$94
42 years$1,193$732$432$248$139$84
43 years$1,152$697$405$229$126$75
44 years$1,113$664$381$211$114$67
45 years$1,076$634$357$195$104$60
46 years$1,041$604$336$180$94$54
47 years$1,007$577$315$166$86$48
48 years$975$551$296$154$78$43
49 years$944$526$278$142$71$39
50 years$915$502$262$131$64$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $937,000, adding $3,052 every year, while hoping to spend $46,062 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: 37/35/28 Blend
52$937,000$937,000$937,000$937,000
53$1,035,722$986,061$971,538$1,065,279
54$1,092,356$985,369$955,075$1,086,705
55$1,153,223$983,098$936,516$1,105,418
56$1,218,706$979,124$915,744$1,124,750
57$1,289,226$973,313$892,633$1,144,788
58$1,365,244$965,522$867,053$1,165,630
59$1,447,268$955,602$838,869$1,187,389
60$1,535,856$943,394$807,938$1,210,192
61$1,631,621$928,727$774,111$1,234,185
62$1,735,235$911,424$737,233$1,259,531
63$1,847,440$891,294$697,140$1,286,416
64$1,969,048$868,137$653,664$1,315,049
65$2,100,956$841,741$606,626$1,345,665
66$2,244,146$811,879$555,842$1,378,529
67$2,399,702$778,314$501,115$1,413,940
68$2,568,815$740,794$442,246$1,452,231
69$2,752,794$699,053$379,020$1,493,778
70$2,953,080$652,808$311,219$1,539,001
71$3,171,259$601,761$238,610$1,588,371
72$3,409,078$545,597$160,954$1,642,415
73$3,668,456$483,983$77,998$1,701,720
74$3,951,507$416,568$0$1,766,943
75$4,260,560$342,978$0$1,841,964
76$4,598,174$262,821$0$1,949,527
77$4,967,171$175,682$0$2,067,301
78$5,370,655$81,123$0$2,196,391
79$5,812,044$0$0$2,338,020
80$6,295,104$0$0$2,501,753
81$6,823,977$0$0$2,715,348
82$7,403,229$0$0$2,949,420
83$8,037,885$0$0$3,206,016
84$8,733,482$0$0$3,487,391
85$9,496,115$0$0$3,796,029
86$10,332,499$0$0$4,134,665
87$11,250,029$0$0$4,506,312
88$12,256,851$0$0$4,914,289
89$13,361,937$0$0$5,362,252
90$14,575,172$0$0$5,854,229
91$15,907,441$0$0$6,394,656
92$17,370,738$0$0$6,988,420
93$18,978,274$0$0$7,640,906
94$20,744,605$0$0$8,358,045
95$22,685,763$0$0$9,146,371
96$24,819,414$0$0$10,013,085
97$27,165,017$0$0$10,966,118
98$29,744,014$0$0$12,014,208
99$32,580,026$0$0$13,166,985
100$35,699,078$0$0$14,435,055