Can I retire at age 53 with 939,000?

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 $939,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$77,542$76,851$76,177$75,519$74,877$71,935
2 years$38,387$37,672$36,979$36,307$35,656$32,727
3 years$25,337$24,619$23,928$23,263$22,622$19,799
4 years$18,813$18,098$17,413$16,759$16,134$13,439
5 years$14,900$14,189$13,514$12,873$12,265$9,705
6 years$12,292$11,586$10,921$10,294$9,705$7,281
7 years$10,430$9,730$9,075$8,464$7,892$5,604
8 years$9,034$8,340$7,697$7,100$6,548$4,392
9 years$7,949$7,262$6,629$6,048$5,514$3,488
10 years$7,082$6,401$5,779$5,213$4,698$2,799
11 years$6,372$5,698$5,088$4,537$4,041$2,263
12 years$5,781$5,115$4,516$3,979$3,502$1,840
13 years$5,282$4,622$4,034$3,513$3,053$1,504
14 years$4,854$4,201$3,625$3,119$2,677$1,234
15 years$4,484$3,838$3,273$2,781$2,357$1,015
16 years$4,160$3,521$2,967$2,490$2,083$838
17 years$3,875$3,243$2,700$2,238$1,847$693
18 years$3,621$2,997$2,465$2,017$1,642$573
19 years$3,395$2,777$2,256$1,822$1,464$476
20 years$3,191$2,581$2,071$1,650$1,307$395
21 years$3,007$2,404$1,905$1,498$1,170$328
22 years$2,840$2,244$1,756$1,362$1,049$273
23 years$2,688$2,099$1,621$1,240$941$227
24 years$2,549$1,966$1,499$1,131$846$189
25 years$2,421$1,845$1,388$1,033$761$157
26 years$2,303$1,734$1,288$945$686$131
27 years$2,194$1,632$1,196$865$618$109
28 years$2,093$1,538$1,112$792$558$91
29 years$1,999$1,451$1,034$726$504$76
30 years$1,911$1,370$964$667$455$63
31 years$1,830$1,295$898$612$412$53
32 years$1,753$1,226$838$563$372$44
33 years$1,682$1,161$783$517$337$37
34 years$1,614$1,100$731$476$305$31
35 years$1,551$1,043$684$438$276$26
36 years$1,491$990$639$404$250$21
37 years$1,435$941$599$372$227$18
38 years$1,382$894$561$343$206$15
39 years$1,331$850$525$316$187$12
40 years$1,284$809$492$292$169$10
41 years$1,238$770$462$269$153$9
42 years$1,195$733$433$248$139$7
43 years$1,155$699$406$229$126$6
44 years$1,116$666$381$212$115$5
45 years$1,079$635$358$195$104$4
46 years$1,043$606$336$180$95$4
47 years$1,009$578$316$167$86$3
48 years$977$552$297$154$78$2
49 years$946$527$279$142$71$2
50 years$917$503$262$132$64$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $939,000, adding $6,945 every year, while hoping to spend $59,837 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: 61/13/26 Blend
52$939,000$939,000$939,000$939,000
53$1,041,942$992,175$977,620$1,097,860
54$1,084,554$977,125$946,704$1,121,620
55$1,129,507$959,333$912,747$1,140,442
56$1,176,976$938,600$875,584$1,159,698
57$1,227,154$914,717$835,042$1,179,443
58$1,280,248$887,463$790,941$1,199,737
59$1,336,488$856,603$743,092$1,220,652
60$1,396,122$821,890$691,298$1,242,269
61$1,459,424$783,059$635,354$1,264,680
62$1,526,690$739,834$575,044$1,287,990
63$1,598,248$691,921$510,143$1,312,318
64$1,674,453$639,009$440,416$1,337,798
65$1,755,696$580,770$365,619$1,364,582
66$1,842,406$516,856$285,496$1,392,841
67$1,935,050$446,900$199,778$1,422,771
68$2,034,142$370,516$108,188$1,454,587
69$2,140,246$287,292$10,434$1,488,534
70$2,253,978$196,798$0$1,524,888
71$2,376,018$98,574$0$1,590,003
72$2,507,108$0$0$1,662,959
73$2,648,064$0$0$1,742,463
74$2,799,783$0$0$1,843,266
75$2,963,248$0$0$1,951,928
76$3,139,539$0$0$2,069,174
77$3,329,845$0$0$2,195,801
78$3,535,469$0$0$2,332,684
79$3,757,845$0$0$2,480,786
80$3,998,549$0$0$2,641,164
81$4,259,313$0$0$2,814,983
82$4,542,041$0$0$3,003,520
83$4,848,829$0$0$3,208,182
84$5,181,979$0$0$3,430,516
85$5,544,026$0$0$3,672,224
86$5,937,755$0$0$3,935,178
87$6,366,235$0$0$4,221,438
88$6,832,839$0$0$4,533,269
89$7,341,280$0$0$4,873,166
90$7,895,644$0$0$5,243,874
91$8,500,428$0$0$5,648,414
92$9,160,582$0$0$6,090,112
93$9,881,555$0$0$6,572,628
94$10,669,344$0$0$7,099,992
95$11,530,554$0$0$7,676,642
96$12,472,455$0$0$8,307,462
97$13,503,051$0$0$8,997,832
98$14,631,159$0$0$9,753,674
99$15,866,484$0$0$10,581,511
100$17,219,714$0$0$11,488,525