Can I retire at age 53 with 920,000?

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 $920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$75,973$75,296$74,636$73,991$73,362$71,881
2 years$37,610$36,910$36,231$35,573$34,934$33,449
3 years$24,824$24,121$23,444$22,792$22,164$20,720
4 years$18,433$17,731$17,061$16,420$15,807$14,416
5 years$14,599$13,902$13,240$12,612$12,017$10,682
6 years$12,044$11,352$10,700$10,086$9,508$8,232
7 years$10,219$9,533$8,892$8,292$7,733$6,515
8 years$8,852$8,172$7,541$6,956$6,415$5,256
9 years$7,788$7,115$6,495$5,925$5,402$4,301
10 years$6,938$6,271$5,662$5,108$4,603$3,558
11 years$6,243$5,583$4,985$4,445$3,959$2,968
12 years$5,664$5,011$4,424$3,899$3,431$2,494
13 years$5,175$4,529$3,953$3,442$2,992$2,107
14 years$4,756$4,116$3,552$3,056$2,622$1,788
15 years$4,393$3,760$3,207$2,725$2,309$1,523
16 years$4,076$3,450$2,907$2,440$2,041$1,302
17 years$3,796$3,177$2,645$2,192$1,809$1,115
18 years$3,548$2,936$2,415$1,976$1,609$958
19 years$3,326$2,721$2,211$1,785$1,434$824
20 years$3,127$2,529$2,029$1,617$1,281$710
21 years$2,947$2,355$1,866$1,467$1,146$613
22 years$2,783$2,199$1,720$1,334$1,027$529
23 years$2,634$2,056$1,588$1,215$922$458
24 years$2,497$1,927$1,469$1,108$829$396
25 years$2,372$1,808$1,360$1,012$746$343
26 years$2,256$1,699$1,262$925$672$297
27 years$2,150$1,599$1,172$847$606$258
28 years$2,050$1,507$1,089$776$547$224
29 years$1,958$1,422$1,014$712$494$194
30 years$1,873$1,343$944$653$446$169
31 years$1,793$1,269$880$600$403$146
32 years$1,718$1,201$821$551$365$127
33 years$1,648$1,137$767$507$330$111
34 years$1,582$1,078$716$466$299$96
35 years$1,520$1,022$670$429$271$84
36 years$1,461$970$627$395$245$73
37 years$1,406$922$586$364$222$63
38 years$1,354$876$549$336$202$55
39 years$1,305$833$515$310$183$48
40 years$1,258$792$482$286$166$42
41 years$1,213$754$452$264$150$36
42 years$1,171$718$424$243$136$31
43 years$1,131$684$398$224$124$27
44 years$1,093$652$374$207$112$24
45 years$1,057$622$351$191$102$21
46 years$1,022$593$330$177$93$18
47 years$989$566$310$163$84$16
48 years$957$541$291$151$76$14
49 years$927$516$273$140$69$12
50 years$898$493$257$129$63$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $920,000, adding $2,340 every year, while hoping to spend $24,280 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: 81/7/12 Blend
52$920,000$920,000$920,000$920,000
53$1,016,254$967,494$953,234$1,096,174
54$1,094,078$989,067$959,333$1,170,526
55$1,179,026$1,010,884$964,823$1,248,709
56$1,271,800$1,032,930$969,658$1,333,815
57$1,373,171$1,055,191$973,789$1,426,526
58$1,483,989$1,077,650$977,165$1,527,592
59$1,605,188$1,100,288$979,733$1,637,841
60$1,737,800$1,123,084$981,437$1,758,184
61$1,882,958$1,146,018$982,217$1,889,624
62$2,041,911$1,169,064$982,013$2,033,267
63$2,216,035$1,192,197$980,759$2,190,330
64$2,406,843$1,215,387$978,387$2,362,155
65$2,616,004$1,238,604$974,826$2,550,219
66$2,845,355$1,261,814$970,001$2,756,151
67$3,096,919$1,284,981$963,834$2,981,745
68$3,372,924$1,308,065$956,242$3,228,976
69$3,675,826$1,331,023$947,140$3,500,023
70$4,008,329$1,353,812$936,437$3,797,283
71$4,373,409$1,376,380$924,039$4,123,402
72$4,774,350$1,398,675$909,847$4,481,290
73$5,214,764$1,420,640$893,757$4,874,158
74$5,698,633$1,442,215$875,661$5,305,542
75$6,230,344$1,463,334$855,446$5,779,338
76$6,814,729$1,483,927$832,993$6,299,839
77$7,457,110$1,503,919$808,178$6,871,777
78$8,163,354$1,523,229$780,871$7,500,366
79$8,939,922$1,541,773$750,936$8,191,349
80$9,793,933$1,559,459$718,231$8,951,058
81$10,733,231$1,576,189$682,608$9,786,469
82$11,766,456$1,591,858$643,911$10,705,267
83$12,903,132$1,606,356$601,979$11,715,926
84$14,153,748$1,619,564$556,642$12,827,778
85$15,529,863$1,631,356$507,723$14,051,111
86$17,044,214$1,641,597$455,037$15,397,260
87$18,710,834$1,650,145$398,390$16,878,718
88$20,545,184$1,656,847$337,581$18,509,250
89$22,564,301$1,661,542$272,399$20,304,026
90$24,786,960$1,664,057$202,623$22,279,763
91$27,233,844$1,664,210$128,026$24,454,885
92$29,927,746$1,661,806$48,365$26,849,691
93$32,893,782$1,656,641$0$29,486,554
94$36,159,627$1,648,495$0$32,394,822
95$39,755,773$1,637,136$0$35,603,885
96$43,715,825$1,622,318$0$39,137,520
97$48,076,808$1,603,780$0$43,028,757
98$52,879,523$1,581,247$0$47,313,998
99$58,168,930$1,554,423$0$52,033,350
100$63,994,571$1,523,000$0$57,231,015