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%13.5%
1 years$77,377$76,687$76,015$75,359$74,718$73,632
2 years$38,305$37,592$36,900$36,230$35,580$34,488
3 years$25,283$24,567$23,877$23,213$22,573$21,509
4 years$18,773$18,059$17,376$16,724$16,099$15,072
5 years$14,869$14,159$13,485$12,845$12,239$11,250
6 years$12,266$11,562$10,898$10,273$9,684$8,736
7 years$10,408$9,709$9,056$8,446$7,876$6,969
8 years$9,015$8,323$7,680$7,085$6,534$5,667
9 years$7,932$7,246$6,615$6,035$5,502$4,676
10 years$7,067$6,387$5,767$5,202$4,688$3,902
11 years$6,359$5,686$5,077$4,527$4,032$3,284
12 years$5,769$5,104$4,506$3,971$3,494$2,784
13 years$5,271$4,612$4,026$3,506$3,047$2,374
14 years$4,844$4,192$3,617$3,112$2,671$2,034
15 years$4,474$3,830$3,266$2,775$2,352$1,749
16 years$4,151$3,514$2,961$2,485$2,078$1,510
17 years$3,866$3,236$2,694$2,233$1,843$1,306
18 years$3,614$2,990$2,460$2,012$1,639$1,133
19 years$3,388$2,771$2,252$1,818$1,460$985
20 years$3,185$2,575$2,066$1,647$1,305$858
21 years$3,001$2,399$1,901$1,495$1,167$748
22 years$2,834$2,239$1,752$1,359$1,046$653
23 years$2,682$2,094$1,617$1,238$939$571
24 years$2,543$1,962$1,496$1,129$844$500
25 years$2,416$1,841$1,386$1,031$760$438
26 years$2,298$1,731$1,285$943$684$384
27 years$2,189$1,629$1,193$863$617$336
28 years$2,088$1,535$1,109$790$557$295
29 years$1,995$1,448$1,032$725$503$259
30 years$1,907$1,367$962$665$454$228
31 years$1,826$1,293$896$611$411$200
32 years$1,750$1,223$836$561$371$176
33 years$1,678$1,158$781$516$336$155
34 years$1,611$1,098$730$475$304$136
35 years$1,548$1,041$682$437$276$120
36 years$1,488$988$638$403$250$105
37 years$1,432$939$597$371$226$93
38 years$1,379$892$559$342$205$81
39 years$1,329$848$524$315$186$72
40 years$1,281$807$491$291$169$63
41 years$1,236$768$461$268$153$56
42 years$1,193$732$432$248$139$49
43 years$1,152$697$405$229$126$43
44 years$1,113$664$381$211$114$38
45 years$1,076$634$357$195$104$33
46 years$1,041$604$336$180$94$29
47 years$1,007$577$315$166$86$26
48 years$975$551$296$154$78$23
49 years$944$526$278$142$71$20
50 years$915$502$262$131$64$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $937,000, adding $5,430 every year, while hoping to spend $52,099 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: 72/20/8 Blend
52$937,000$937,000$937,000$937,000
53$1,038,175$988,514$973,991$1,111,168
54$1,088,636$981,518$951,186$1,153,097
55$1,142,498$972,434$925,872$1,191,984
56$1,200,052$961,103$897,908$1,233,116
57$1,261,620$947,359$867,150$1,276,698
58$1,327,550$931,025$833,445$1,322,962
59$1,398,229$911,914$796,635$1,372,158
60$1,474,078$889,827$756,551$1,424,567
61$1,555,561$864,555$713,022$1,480,498
62$1,643,185$835,875$665,866$1,540,293
63$1,737,509$803,552$614,891$1,604,330
64$1,839,145$767,337$559,901$1,673,026
65$1,948,768$726,966$500,687$1,746,844
66$2,067,116$682,161$437,034$1,826,294
67$2,195,002$632,627$368,715$1,911,941
68$2,333,319$578,053$295,493$2,004,408
69$2,483,049$518,109$217,124$2,104,385
70$2,645,271$452,447$133,348$2,212,635
71$2,821,171$380,700$43,898$2,330,000
72$3,012,055$302,479$0$2,457,410
73$3,219,358$217,373$0$2,600,296
74$3,444,657$124,949$0$2,759,677
75$3,689,691$24,750$0$2,933,085
76$3,956,368$0$0$3,121,934
77$4,246,792$0$0$3,346,208
78$4,563,276$0$0$3,596,583
79$4,908,366$0$0$3,869,631
80$5,284,863$0$0$4,167,576
81$5,695,852$0$0$4,492,864
82$6,144,728$0$0$4,848,186
83$6,635,228$0$0$5,236,509
84$7,171,467$0$0$5,661,096
85$7,757,975$0$0$6,125,540
86$8,399,739$0$0$6,633,798
87$9,102,253$0$0$7,190,228
88$9,871,564$0$0$7,799,626
89$10,714,332$0$0$8,467,277
90$11,637,893$0$0$9,198,999
91$12,650,323$0$0$10,001,200
92$13,760,521$0$0$10,880,939
93$14,978,285$0$0$11,845,990
94$16,314,407$0$0$12,904,914
95$17,780,777$0$0$14,067,143
96$19,390,489$0$0$15,343,066
97$21,157,968$0$0$16,744,128
98$23,099,103$0$0$18,282,934
99$25,231,400$0$0$19,973,371
100$27,574,140$0$0$21,830,739