Can I retire at age 53 with 925,000?

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 $925,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$76,386$75,705$75,041$74,393$73,761$73,357
2 years$37,815$37,110$36,428$35,766$35,124$34,717
3 years$24,959$24,252$23,571$22,916$22,284$21,886
4 years$18,533$17,828$17,154$16,509$15,893$15,507
5 years$14,678$13,977$13,312$12,681$12,082$11,709
6 years$12,109$11,413$10,758$10,141$9,560$9,201
7 years$10,275$9,585$8,940$8,337$7,775$7,429
8 years$8,900$8,216$7,582$6,994$6,450$6,118
9 years$7,831$7,154$6,530$5,957$5,432$5,114
10 years$6,976$6,306$5,693$5,135$4,628$4,324
11 years$6,277$5,613$5,012$4,469$3,980$3,690
12 years$5,695$5,038$4,448$3,920$3,449$3,172
13 years$5,203$4,553$3,974$3,461$3,008$2,743
14 years$4,782$4,139$3,571$3,072$2,637$2,384
15 years$4,417$3,781$3,224$2,740$2,322$2,082
16 years$4,098$3,469$2,923$2,453$2,052$1,824
17 years$3,817$3,195$2,660$2,204$1,819$1,603
18 years$3,567$2,952$2,428$1,986$1,618$1,412
19 years$3,344$2,736$2,223$1,795$1,442$1,247
20 years$3,144$2,542$2,040$1,626$1,288$1,104
21 years$2,963$2,368$1,876$1,475$1,152$979
22 years$2,798$2,211$1,729$1,341$1,033$869
23 years$2,648$2,067$1,597$1,222$927$772
24 years$2,511$1,937$1,477$1,114$833$687
25 years$2,385$1,818$1,368$1,018$750$612
26 years$2,269$1,708$1,269$930$676$546
27 years$2,161$1,608$1,178$852$609$487
28 years$2,062$1,515$1,095$780$550$435
29 years$1,969$1,429$1,019$716$496$389
30 years$1,883$1,350$949$657$448$348
31 years$1,802$1,276$885$603$405$311
32 years$1,727$1,207$826$554$367$279
33 years$1,657$1,143$771$510$332$249
34 years$1,590$1,084$720$469$300$223
35 years$1,528$1,028$673$432$272$200
36 years$1,469$976$630$398$247$179
37 years$1,414$927$590$366$223$161
38 years$1,361$881$552$338$203$144
39 years$1,312$837$517$311$184$129
40 years$1,265$797$485$287$167$116
41 years$1,220$758$455$265$151$104
42 years$1,178$722$426$245$137$93
43 years$1,137$688$400$226$125$84
44 years$1,099$656$376$208$113$75
45 years$1,062$626$353$192$103$68
46 years$1,028$597$331$178$93$61
47 years$994$569$311$164$85$54
48 years$963$544$292$152$77$49
49 years$932$519$275$140$70$44
50 years$903$496$258$130$63$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $925,000, adding $5,387 every year, while hoping to spend $52,696 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: 64/21/15 Blend
52$925,000$925,000$925,000$925,000
53$1,024,907$975,882$961,544$1,086,439
54$1,073,379$967,632$937,688$1,120,076
55$1,125,029$957,211$911,266$1,150,255
56$1,180,126$944,459$882,137$1,181,936
57$1,238,964$929,202$850,154$1,215,265
58$1,301,865$911,259$815,160$1,250,406
59$1,369,182$890,438$776,995$1,287,542
60$1,441,303$866,534$735,489$1,326,873
61$1,518,653$839,331$690,465$1,368,626
62$1,601,699$808,602$641,739$1,413,050
63$1,690,951$774,102$589,116$1,460,423
64$1,786,973$735,578$532,396$1,511,053
65$1,890,380$692,757$471,368$1,565,285
66$2,001,851$645,355$405,811$1,623,498
67$2,122,130$593,066$335,495$1,686,115
68$2,252,033$535,573$260,180$1,753,606
69$2,392,460$472,536$179,616$1,826,490
70$2,544,399$403,598$93,541$1,905,346
71$2,708,934$328,381$1,681$1,990,813
72$2,887,260$246,486$0$2,083,601
73$3,080,688$157,492$0$2,199,919
74$3,290,663$60,953$0$2,326,506
75$3,518,770$0$0$2,464,109
76$3,766,757$0$0$2,623,926
77$4,036,545$0$0$2,813,172
78$4,330,247$0$0$3,019,252
79$4,650,188$0$0$3,243,804
80$4,998,928$0$0$3,488,634
81$5,379,284$0$0$3,755,725
82$5,794,357$0$0$4,047,265
83$6,247,557$0$0$4,365,658
84$6,742,643$0$0$4,713,552
85$7,283,749$0$0$5,093,864
86$7,875,429$0$0$5,509,803
87$8,522,696$0$0$5,964,902
88$9,231,068$0$0$6,463,055
89$10,006,625$0$0$7,008,546
90$10,856,060$0$0$7,606,094
91$11,786,743$0$0$8,260,896
92$12,806,791$0$0$8,978,676
93$13,925,145$0$0$9,765,737
94$15,151,651$0$0$10,629,022
95$16,497,154$0$0$11,576,179
96$17,973,600$0$0$12,615,630
97$19,594,145$0$0$13,756,654
98$21,373,284$0$0$15,009,470
99$23,326,983$0$0$16,385,337
100$25,472,828$0$0$17,896,656