Can I retire at age 53 with 943,000?

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 $943,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$77,872$77,178$76,502$75,841$75,196$73,053
2 years$38,551$37,833$37,137$36,462$35,808$33,665
3 years$25,445$24,724$24,030$23,362$22,718$20,643
4 years$18,894$18,175$17,488$16,831$16,203$14,211
5 years$14,964$14,249$13,571$12,928$12,317$10,415
6 years$12,345$11,636$10,967$10,338$9,746$7,935
7 years$10,475$9,772$9,114$8,500$7,926$6,206
8 years$9,073$8,376$7,729$7,130$6,575$4,945
9 years$7,983$7,293$6,657$6,073$5,537$3,995
10 years$7,112$6,428$5,804$5,235$4,718$3,262
11 years$6,399$5,723$5,110$4,556$4,058$2,686
12 years$5,806$5,136$4,535$3,996$3,516$2,226
13 years$5,305$4,642$4,052$3,528$3,066$1,854
14 years$4,875$4,219$3,640$3,132$2,688$1,551
15 years$4,503$3,854$3,287$2,793$2,367$1,302
16 years$4,178$3,536$2,980$2,501$2,092$1,096
17 years$3,891$3,257$2,712$2,247$1,855$925
18 years$3,637$3,009$2,475$2,025$1,649$782
19 years$3,409$2,789$2,266$1,830$1,470$662
20 years$3,205$2,592$2,080$1,657$1,313$562
21 years$3,020$2,414$1,913$1,504$1,175$477
22 years$2,853$2,254$1,763$1,368$1,053$405
23 years$2,700$2,108$1,628$1,245$945$345
24 years$2,560$1,975$1,505$1,136$850$294
25 years$2,431$1,853$1,394$1,037$765$250
26 years$2,313$1,742$1,293$949$689$213
27 years$2,203$1,639$1,201$868$621$182
28 years$2,102$1,545$1,116$795$560$155
29 years$2,007$1,457$1,039$729$506$132
30 years$1,920$1,376$968$669$457$113
31 years$1,837$1,301$902$615$413$96
32 years$1,761$1,231$842$565$374$82
33 years$1,689$1,166$786$520$338$70
34 years$1,621$1,105$734$478$306$60
35 years$1,558$1,048$687$440$277$51
36 years$1,498$995$642$405$251$44
37 years$1,441$945$601$373$228$37
38 years$1,388$898$563$344$207$32
39 years$1,337$854$527$317$187$27
40 years$1,289$812$494$293$170$23
41 years$1,244$773$464$270$154$20
42 years$1,201$736$435$249$140$17
43 years$1,160$702$408$230$127$15
44 years$1,120$669$383$212$115$12
45 years$1,083$638$360$196$105$11
46 years$1,048$608$338$181$95$9
47 years$1,014$581$317$167$86$8
48 years$981$554$298$155$78$7
49 years$950$529$280$143$71$6
50 years$921$506$263$132$65$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $943,000, adding $5,779 every year, while hoping to spend $24,445 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: 26/47/27 Blend
52$943,000$943,000$943,000$943,000
53$1,045,147$995,168$980,552$1,063,372
54$1,125,743$1,017,922$987,391$1,101,464
55$1,213,740$1,040,972$993,640$1,139,833
56$1,309,868$1,064,305$999,253$1,180,496
57$1,414,929$1,087,911$1,004,183$1,223,663
58$1,529,807$1,111,774$1,008,378$1,269,566
59$1,655,475$1,135,879$1,011,787$1,318,463
60$1,793,005$1,160,208$1,014,353$1,370,635
61$1,943,576$1,184,743$1,016,018$1,426,395
62$2,108,487$1,209,462$1,016,721$1,486,089
63$2,289,169$1,234,342$1,016,397$1,550,095
64$2,487,197$1,259,358$1,014,980$1,618,836
65$2,704,308$1,284,482$1,012,398$1,692,775
66$2,942,411$1,309,686$1,008,577$1,772,423
67$3,203,612$1,334,935$1,003,439$1,858,347
68$3,490,229$1,360,196$996,903$1,951,171
69$3,804,816$1,385,430$988,884$2,051,584
70$4,150,187$1,410,595$979,291$2,160,347
71$4,529,440$1,435,648$968,031$2,278,299
72$4,945,988$1,460,541$955,006$2,406,368
73$5,403,593$1,485,221$940,112$2,545,577
74$5,906,397$1,509,634$923,243$2,697,056
75$6,458,963$1,533,719$904,285$2,862,051
76$7,066,319$1,557,414$883,121$3,041,939
77$7,734,005$1,580,648$859,627$3,238,239
78$8,468,123$1,603,349$833,673$3,452,626
79$9,275,396$1,625,438$805,126$3,686,952
80$10,163,232$1,646,830$773,843$3,943,256
81$11,139,792$1,667,435$739,678$4,223,793
82$12,214,069$1,687,158$702,475$4,531,048
83$13,395,969$1,705,894$662,073$4,867,764
84$14,696,409$1,723,534$618,304$5,236,968
85$16,127,417$1,739,961$570,991$5,641,999
86$17,702,245$1,755,050$519,951$6,086,541
87$19,435,495$1,768,669$464,990$6,574,659
88$21,343,256$1,780,674$405,908$7,110,837
89$23,443,257$1,790,917$342,495$7,700,022
90$25,755,033$1,799,235$274,532$8,347,670
91$28,300,107$1,805,459$201,790$9,059,802
92$31,102,198$1,809,406$124,030$9,843,056
93$34,187,440$1,810,885$41,003$10,704,756
94$37,584,630$1,809,689$0$11,652,980
95$41,325,501$1,805,603$0$12,710,350
96$45,445,019$1,798,394$0$13,886,476
97$49,981,714$1,787,818$0$15,180,451
98$54,978,042$1,773,615$0$16,604,311
99$60,480,789$1,755,509$0$18,171,324
100$66,541,509$1,733,207$0$19,896,117