Can I retire at age 53 with 922,000?

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 $922,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$76,138$75,460$74,798$74,152$73,522$70,885
2 years$37,692$36,990$36,310$35,650$35,010$32,382
3 years$24,878$24,173$23,495$22,841$22,212$19,675
4 years$18,473$17,770$17,098$16,456$15,842$13,416
5 years$14,631$13,932$13,269$12,640$12,043$9,734
6 years$12,070$11,376$10,723$10,108$9,529$7,339
7 years$10,241$9,554$8,911$8,310$7,750$5,678
8 years$8,871$8,189$7,557$6,971$6,429$4,474
9 years$7,805$7,130$6,509$5,938$5,414$3,573
10 years$6,953$6,285$5,675$5,119$4,613$2,883
11 years$6,257$5,595$4,996$4,455$3,967$2,345
12 years$5,677$5,022$4,434$3,907$3,438$1,918
13 years$5,186$4,538$3,961$3,450$2,998$1,578
14 years$4,766$4,125$3,559$3,062$2,628$1,302
15 years$4,403$3,769$3,214$2,731$2,314$1,079
16 years$4,085$3,458$2,914$2,445$2,045$896
17 years$3,805$3,184$2,651$2,197$1,813$745
18 years$3,556$2,942$2,420$1,980$1,612$621
19 years$3,333$2,727$2,216$1,789$1,437$519
20 years$3,134$2,534$2,033$1,620$1,284$434
21 years$2,953$2,360$1,870$1,471$1,149$363
22 years$2,789$2,203$1,724$1,337$1,030$304
23 years$2,640$2,061$1,592$1,218$924$255
24 years$2,503$1,931$1,472$1,111$831$214
25 years$2,377$1,812$1,363$1,014$748$179
26 years$2,261$1,703$1,264$927$673$150
27 years$2,154$1,603$1,174$849$607$126
28 years$2,055$1,510$1,091$778$548$106
29 years$1,963$1,425$1,016$713$495$89
30 years$1,877$1,345$946$655$447$75
31 years$1,797$1,272$882$601$404$63
32 years$1,722$1,203$823$552$366$53
33 years$1,651$1,140$768$508$331$44
34 years$1,585$1,080$718$467$300$37
35 years$1,523$1,025$671$430$271$31
36 years$1,464$972$628$396$246$26
37 years$1,409$924$588$365$223$22
38 years$1,357$878$550$337$202$19
39 years$1,307$835$516$310$183$16
40 years$1,261$794$483$286$166$13
41 years$1,216$756$453$264$151$11
42 years$1,174$720$425$244$137$9
43 years$1,134$686$399$225$124$8
44 years$1,095$654$374$208$113$7
45 years$1,059$623$352$192$102$6
46 years$1,024$595$330$177$93$5
47 years$991$568$310$164$84$4
48 years$959$542$292$151$77$3
49 years$929$517$274$140$70$3
50 years$900$494$258$129$63$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $922,000, adding $5,157 every year, while hoping to spend $50,085 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: 76/17/7 Blend
52$922,000$922,000$922,000$922,000
53$1,021,363$972,497$958,206$1,097,690
54$1,072,252$966,860$937,016$1,142,941
55$1,126,654$959,267$913,438$1,185,592
56$1,184,872$949,571$887,338$1,230,886
57$1,247,243$937,614$858,577$1,279,067
58$1,314,133$923,228$827,011$1,330,403
59$1,385,945$906,238$792,487$1,385,187
60$1,463,123$886,454$754,846$1,443,746
61$1,546,150$863,679$713,922$1,506,440
62$1,635,561$837,703$669,542$1,573,664
63$1,731,940$808,302$621,524$1,645,856
64$1,835,931$775,242$569,677$1,723,500
65$1,948,239$738,272$513,805$1,807,127
66$2,069,642$697,130$453,700$1,897,328
67$2,200,993$651,537$389,147$1,994,751
68$2,343,229$601,197$319,918$2,100,113
69$2,497,382$545,799$245,779$2,214,205
70$2,664,586$485,014$166,483$2,337,900
71$2,846,087$418,493$81,774$2,472,163
72$3,043,257$345,869$0$2,618,058
73$3,257,605$266,752$0$2,777,402
74$3,490,791$180,733$0$2,957,408
75$3,744,640$87,377$0$3,153,413
76$4,021,162$0$0$3,367,019
77$4,322,568$0$0$3,602,567
78$4,651,292$0$0$3,877,323
79$5,010,012$0$0$4,177,185
80$5,401,677$0$0$4,504,619
81$5,829,532$0$0$4,862,346
82$6,297,150$0$0$5,253,355
83$6,808,464$0$0$5,680,941
84$7,367,806$0$0$6,148,731
85$7,979,945$0$0$6,660,718
86$8,650,132$0$0$7,221,299
87$9,384,149$0$0$7,835,317
88$10,188,364$0$0$8,508,105
89$11,069,791$0$0$9,245,534
90$12,036,153$0$0$10,054,074
91$13,095,958$0$0$10,940,849
92$14,258,573$0$0$11,913,703
93$15,534,321$0$0$12,981,282
94$16,934,569$0$0$14,153,103
95$18,471,837$0$0$15,439,653
96$20,159,921$0$0$16,852,483
97$22,014,013$0$0$18,404,320
98$24,050,853$0$0$20,109,179
99$26,288,880$0$0$21,982,503
100$28,748,408$0$0$24,041,306