Can I retire at age 53 with 943,000?

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 $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%14.6%
1 years$77,872$77,178$76,502$75,841$75,196$73,768
2 years$38,551$37,833$37,137$36,462$35,808$34,375
3 years$25,445$24,724$24,030$23,362$22,718$21,325
4 years$18,894$18,175$17,488$16,831$16,203$14,860
5 years$14,964$14,249$13,571$12,928$12,317$11,028
6 years$12,345$11,636$10,967$10,338$9,746$8,513
7 years$10,475$9,772$9,114$8,500$7,926$6,749
8 years$9,073$8,376$7,729$7,130$6,575$5,453
9 years$7,983$7,293$6,657$6,073$5,537$4,470
10 years$7,112$6,428$5,804$5,235$4,718$3,705
11 years$6,399$5,723$5,110$4,556$4,058$3,097
12 years$5,806$5,136$4,535$3,996$3,516$2,607
13 years$5,305$4,642$4,052$3,528$3,066$2,207
14 years$4,875$4,219$3,640$3,132$2,688$1,877
15 years$4,503$3,854$3,287$2,793$2,367$1,602
16 years$4,178$3,536$2,980$2,501$2,092$1,372
17 years$3,891$3,257$2,712$2,247$1,855$1,178
18 years$3,637$3,009$2,475$2,025$1,649$1,014
19 years$3,409$2,789$2,266$1,830$1,470$874
20 years$3,205$2,592$2,080$1,657$1,313$755
21 years$3,020$2,414$1,913$1,504$1,175$653
22 years$2,853$2,254$1,763$1,368$1,053$565
23 years$2,700$2,108$1,628$1,245$945$490
24 years$2,560$1,975$1,505$1,136$850$425
25 years$2,431$1,853$1,394$1,037$765$369
26 years$2,313$1,742$1,293$949$689$321
27 years$2,203$1,639$1,201$868$621$279
28 years$2,102$1,545$1,116$795$560$243
29 years$2,007$1,457$1,039$729$506$211
30 years$1,920$1,376$968$669$457$184
31 years$1,837$1,301$902$615$413$160
32 years$1,761$1,231$842$565$374$139
33 years$1,689$1,166$786$520$338$121
34 years$1,621$1,105$734$478$306$106
35 years$1,558$1,048$687$440$277$92
36 years$1,498$995$642$405$251$80
37 years$1,441$945$601$373$228$70
38 years$1,388$898$563$344$207$61
39 years$1,337$854$527$317$187$53
40 years$1,289$812$494$293$170$46
41 years$1,244$773$464$270$154$40
42 years$1,201$736$435$249$140$35
43 years$1,160$702$408$230$127$31
44 years$1,120$669$383$212$115$27
45 years$1,083$638$360$196$105$23
46 years$1,048$608$338$181$95$20
47 years$1,014$581$317$167$86$18
48 years$981$554$298$155$78$16
49 years$950$529$280$143$71$14
50 years$921$506$263$132$65$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $943,000, adding $2,557 every year, while hoping to spend $39,879 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: 86/9/5 Blend
52$943,000$943,000$943,000$943,000
53$1,041,824$991,845$977,228$1,131,248
54$1,105,659$998,014$967,534$1,196,055
55$1,174,668$1,003,149$956,179$1,261,480
56$1,249,338$1,007,157$943,065$1,332,076
57$1,330,202$1,009,940$928,089$1,408,335
58$1,417,848$1,011,391$911,145$1,490,798
59$1,512,920$1,011,401$892,120$1,580,059
60$1,616,129$1,009,851$870,897$1,676,775
61$1,728,255$1,006,615$847,353$1,781,668
62$1,850,157$1,001,559$821,360$1,895,533
63$1,982,781$994,543$792,783$2,019,244
64$2,127,165$985,416$761,481$2,153,767
65$2,284,453$974,019$727,309$2,300,161
66$2,455,905$960,184$690,112$2,459,598
67$2,642,907$943,732$649,729$2,633,365
68$2,846,981$924,473$605,993$2,822,880
69$3,069,809$902,207$558,729$3,029,707
70$3,313,236$876,722$507,753$3,255,567
71$3,579,297$847,793$452,875$3,502,358
72$3,870,233$815,182$393,893$3,772,169
73$4,188,508$778,637$330,599$4,067,302
74$4,536,837$737,892$262,776$4,390,296
75$4,918,211$692,665$190,196$4,743,944
76$5,335,921$642,658$112,620$5,131,327
77$5,793,594$587,557$29,801$5,555,839
78$6,295,221$527,028$0$6,021,218
79$6,845,201$460,720$0$6,534,712
80$7,448,377$388,261$0$7,099,635
81$8,110,083$309,257$0$7,719,415
82$8,836,195$223,294$0$8,399,580
83$9,633,186$129,934$0$9,146,224
84$10,508,183$28,714$0$9,966,059
85$11,469,042$0$0$10,866,483
86$12,524,413$0$0$11,863,652
87$13,683,825$0$0$12,962,262
88$14,957,779$0$0$14,169,418
89$16,357,838$0$0$15,496,082
90$17,896,747$0$0$16,954,330
91$19,588,542$0$0$18,557,464
92$21,448,689$0$0$20,320,143
93$23,494,228$0$0$22,258,514
94$25,743,932$0$0$24,390,369
95$28,218,484$0$0$26,735,311
96$30,940,674$0$0$29,314,935
97$33,935,611$0$0$32,153,039
98$37,230,958$0$0$35,275,841
99$40,857,200$0$0$38,712,229
100$44,847,922$0$0$42,494,034