Can I retire at age 53 with 939,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%16%
1 years$77,542$76,851$76,177$75,519$74,877$73,037
2 years$38,387$37,672$36,979$36,307$35,656$33,814
3 years$25,337$24,619$23,928$23,263$22,622$20,834
4 years$18,813$18,098$17,413$16,759$16,134$14,416
5 years$14,900$14,189$13,514$12,873$12,265$10,620
6 years$12,292$11,586$10,921$10,294$9,705$8,136
7 years$10,430$9,730$9,075$8,464$7,892$6,399
8 years$9,034$8,340$7,697$7,100$6,548$5,129
9 years$7,949$7,262$6,629$6,048$5,514$4,169
10 years$7,082$6,401$5,779$5,213$4,698$3,426
11 years$6,372$5,698$5,088$4,537$4,041$2,838
12 years$5,781$5,115$4,516$3,979$3,502$2,367
13 years$5,282$4,622$4,034$3,513$3,053$1,985
14 years$4,854$4,201$3,625$3,119$2,677$1,672
15 years$4,484$3,838$3,273$2,781$2,357$1,414
16 years$4,160$3,521$2,967$2,490$2,083$1,199
17 years$3,875$3,243$2,700$2,238$1,847$1,019
18 years$3,621$2,997$2,465$2,017$1,642$868
19 years$3,395$2,777$2,256$1,822$1,464$741
20 years$3,191$2,581$2,071$1,650$1,307$633
21 years$3,007$2,404$1,905$1,498$1,170$542
22 years$2,840$2,244$1,756$1,362$1,049$464
23 years$2,688$2,099$1,621$1,240$941$398
24 years$2,549$1,966$1,499$1,131$846$341
25 years$2,421$1,845$1,388$1,033$761$293
26 years$2,303$1,734$1,288$945$686$252
27 years$2,194$1,632$1,196$865$618$216
28 years$2,093$1,538$1,112$792$558$186
29 years$1,999$1,451$1,034$726$504$160
30 years$1,911$1,370$964$667$455$138
31 years$1,830$1,295$898$612$412$119
32 years$1,753$1,226$838$563$372$102
33 years$1,682$1,161$783$517$337$88
34 years$1,614$1,100$731$476$305$76
35 years$1,551$1,043$684$438$276$65
36 years$1,491$990$639$404$250$56
37 years$1,435$941$599$372$227$48
38 years$1,382$894$561$343$206$42
39 years$1,331$850$525$316$187$36
40 years$1,284$809$492$292$169$31
41 years$1,238$770$462$269$153$27
42 years$1,195$733$433$248$139$23
43 years$1,155$699$406$229$126$20
44 years$1,116$666$381$212$115$17
45 years$1,079$635$358$195$104$15
46 years$1,043$606$336$180$95$13
47 years$1,009$578$316$167$86$11
48 years$977$552$297$154$78$9
49 years$946$527$279$142$71$8
50 years$917$503$262$132$64$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $939,000, adding $4,209 every year, while hoping to spend $48,046 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: 55/16/29 Blend
52$939,000$939,000$939,000$939,000
53$1,039,120$989,353$974,798$1,087,705
54$1,093,989$986,710$956,333$1,119,069
55$1,152,845$982,328$935,640$1,147,923
56$1,216,044$976,070$912,592$1,178,391
57$1,283,975$967,793$887,058$1,210,648
58$1,357,068$957,342$858,902$1,244,887
59$1,435,793$944,556$827,980$1,281,323
60$1,520,668$929,263$794,141$1,320,196
61$1,612,260$911,282$757,229$1,361,772
62$1,711,195$890,418$717,080$1,406,348
63$1,818,156$866,469$673,522$1,454,255
64$1,933,900$839,217$626,376$1,505,859
65$2,059,253$808,434$575,455$1,561,569
66$2,195,127$773,877$520,563$1,621,837
67$2,342,524$735,291$461,496$1,687,167
68$2,502,545$692,404$398,040$1,758,117
69$2,676,403$644,930$329,973$1,835,306
70$2,865,430$592,566$257,061$1,919,423
71$3,071,093$534,991$179,061$2,011,229
72$3,295,005$471,866$95,721$2,111,570
73$3,538,942$402,834$6,774$2,221,383
74$3,804,858$327,517$0$2,341,705
75$4,094,903$245,515$0$2,500,963
76$4,411,444$156,406$0$2,677,164
77$4,757,087$59,745$0$2,869,714
78$5,134,699$0$0$3,080,272
79$5,547,437$0$0$3,318,578
80$5,998,778$0$0$3,590,759
81$6,492,549$0$0$3,888,613
82$7,032,965$0$0$4,214,693
83$7,624,666$0$0$4,571,812
84$8,272,761$0$0$4,963,063
85$8,982,880$0$0$5,391,858
86$9,761,219$0$0$5,861,950
87$10,614,604$0$0$6,377,475
88$11,550,553$0$0$6,942,989
89$12,577,346$0$0$7,563,508
90$13,704,105$0$0$8,244,558
91$14,940,875$0$0$8,992,227
92$16,298,723$0$0$9,813,220
93$17,789,838$0$0$10,714,924
94$19,427,649$0$0$11,705,475
95$21,226,949$0$0$12,793,838
96$23,204,035$0$0$13,989,888
97$25,376,860$0$0$15,304,503
98$27,765,202$0$0$16,749,670
99$30,390,852$0$0$18,338,594
100$33,277,816$0$0$20,085,822