Can I retire at age 53 with 923,000?

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 $923,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$76,220$75,542$74,879$74,233$73,601$72,352
2 years$37,733$37,030$36,349$35,689$35,048$33,794
3 years$24,905$24,200$23,520$22,866$22,236$21,015
4 years$18,493$17,789$17,117$16,474$15,859$14,681
5 years$14,646$13,947$13,283$12,653$12,056$10,924
6 years$12,083$11,389$10,735$10,119$9,539$8,455
7 years$10,253$9,564$8,921$8,319$7,758$6,722
8 years$8,880$8,198$7,565$6,979$6,436$5,448
9 years$7,814$7,138$6,516$5,945$5,420$4,479
10 years$6,961$6,292$5,681$5,124$4,618$3,723
11 years$6,264$5,601$5,001$4,460$3,972$3,122
12 years$5,683$5,027$4,439$3,912$3,442$2,637
13 years$5,192$4,543$3,966$3,453$3,001$2,239
14 years$4,772$4,130$3,563$3,066$2,631$1,911
15 years$4,407$3,773$3,217$2,734$2,317$1,637
16 years$4,089$3,461$2,917$2,448$2,047$1,407
17 years$3,809$3,188$2,654$2,199$1,815$1,212
18 years$3,560$2,946$2,423$1,982$1,614$1,047
19 years$3,337$2,730$2,218$1,791$1,439$906
20 years$3,137$2,537$2,036$1,622$1,285$786
21 years$2,956$2,363$1,872$1,472$1,150$682
22 years$2,792$2,206$1,726$1,339$1,031$593
23 years$2,642$2,063$1,593$1,219$925$516
24 years$2,505$1,933$1,474$1,112$832$449
25 years$2,380$1,814$1,365$1,015$748$392
26 years$2,264$1,705$1,266$928$674$342
27 years$2,157$1,604$1,175$850$608$298
28 years$2,057$1,512$1,093$779$548$260
29 years$1,965$1,426$1,017$714$495$227
30 years$1,879$1,347$947$655$447$199
31 years$1,799$1,273$883$602$405$174
32 years$1,723$1,205$824$553$366$152
33 years$1,653$1,141$769$509$331$133
34 years$1,587$1,081$719$468$300$116
35 years$1,525$1,026$672$431$272$102
36 years$1,466$973$629$397$246$89
37 years$1,411$925$588$366$223$78
38 years$1,358$879$551$337$202$68
39 years$1,309$836$516$311$183$60
40 years$1,262$795$484$287$166$52
41 years$1,217$757$454$264$151$46
42 years$1,175$721$426$244$137$40
43 years$1,135$687$399$225$124$35
44 years$1,097$655$375$208$113$31
45 years$1,060$624$352$192$102$27
46 years$1,025$595$331$177$93$24
47 years$992$568$311$164$84$21
48 years$961$542$292$151$77$18
49 years$930$518$274$140$70$16
50 years$901$495$258$129$63$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $923,000, adding $2,054 every year, while hoping to spend $31,318 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: 32/48/20 Blend
52$923,000$923,000$923,000$923,000
53$1,019,265$970,346$956,039$1,045,502
54$1,089,908$984,571$954,744$1,079,536
55$1,166,706$998,443$952,357$1,113,176
56$1,250,256$1,011,912$948,806$1,148,755
57$1,341,211$1,024,924$944,020$1,186,462
58$1,440,291$1,037,422$937,921$1,226,507
59$1,548,289$1,049,345$930,430$1,269,121
60$1,666,077$1,060,625$921,462$1,314,561
61$1,794,616$1,071,194$910,929$1,363,113
62$1,934,961$1,080,977$898,740$1,415,092
63$2,088,276$1,089,894$884,797$1,470,849
64$2,255,841$1,097,860$868,999$1,530,773
65$2,439,067$1,104,785$851,240$1,595,292
66$2,639,506$1,110,573$831,411$1,664,883
67$2,858,866$1,115,122$809,394$1,740,073
68$3,099,030$1,118,323$785,068$1,821,447
69$3,362,071$1,120,061$758,308$1,909,651
70$3,650,270$1,120,212$728,979$2,005,401
71$3,966,142$1,118,646$696,944$2,109,488
72$4,312,454$1,115,226$662,057$2,222,790
73$4,692,256$1,109,803$624,167$2,346,276
74$5,108,905$1,102,222$583,116$2,481,020
75$5,566,101$1,092,319$538,738$2,628,209
76$6,067,918$1,079,917$490,860$2,789,155
77$6,618,843$1,064,830$439,301$2,965,310
78$7,223,820$1,046,862$383,873$3,158,280
79$7,888,296$1,025,804$324,379$3,369,839
80$8,618,268$1,001,435$260,612$3,601,949
81$9,420,348$973,521$192,359$3,856,779
82$10,301,814$941,815$119,393$4,136,725
83$11,270,688$906,053$41,483$4,444,435
84$12,335,808$865,959$0$4,782,835
85$13,506,908$821,239$0$5,164,050
86$14,794,715$771,582$0$5,592,784
87$16,211,046$716,660$0$6,064,178
88$17,768,923$656,126$0$6,582,647
89$19,482,690$589,613$0$7,153,066
90$21,368,153$516,733$0$7,780,812
91$23,442,727$437,076$0$8,471,820
92$25,725,602$350,209$0$9,232,638
93$28,237,918$255,674$0$10,070,490
94$31,002,973$152,989$0$10,993,349
95$34,046,434$41,643$0$12,010,008
96$37,396,584$0$0$13,130,170
97$41,084,589$0$0$14,406,212
98$45,144,786$0$0$15,835,422
99$49,615,016$0$0$17,409,144
100$54,536,970$0$0$19,142,079