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%17%
1 years$76,386$75,705$75,041$74,393$73,761$71,658
2 years$37,815$37,110$36,428$35,766$35,124$33,022
3 years$24,959$24,252$23,571$22,916$22,284$20,249
4 years$18,533$17,828$17,154$16,509$15,893$13,940
5 years$14,678$13,977$13,312$12,681$12,082$10,216
6 years$12,109$11,413$10,758$10,141$9,560$7,783
7 years$10,275$9,585$8,940$8,337$7,775$6,087
8 years$8,900$8,216$7,582$6,994$6,450$4,851
9 years$7,831$7,154$6,530$5,957$5,432$3,919
10 years$6,976$6,306$5,693$5,135$4,628$3,200
11 years$6,277$5,613$5,012$4,469$3,980$2,634
12 years$5,695$5,038$4,448$3,920$3,449$2,183
13 years$5,203$4,553$3,974$3,461$3,008$1,819
14 years$4,782$4,139$3,571$3,072$2,637$1,521
15 years$4,417$3,781$3,224$2,740$2,322$1,277
16 years$4,098$3,469$2,923$2,453$2,052$1,075
17 years$3,817$3,195$2,660$2,204$1,819$907
18 years$3,567$2,952$2,428$1,986$1,618$767
19 years$3,344$2,736$2,223$1,795$1,442$650
20 years$3,144$2,542$2,040$1,626$1,288$551
21 years$2,963$2,368$1,876$1,475$1,152$468
22 years$2,798$2,211$1,729$1,341$1,033$398
23 years$2,648$2,067$1,597$1,222$927$338
24 years$2,511$1,937$1,477$1,114$833$288
25 years$2,385$1,818$1,368$1,018$750$245
26 years$2,269$1,708$1,269$930$676$209
27 years$2,161$1,608$1,178$852$609$178
28 years$2,062$1,515$1,095$780$550$152
29 years$1,969$1,429$1,019$716$496$130
30 years$1,883$1,350$949$657$448$111
31 years$1,802$1,276$885$603$405$94
32 years$1,727$1,207$826$554$367$81
33 years$1,657$1,143$771$510$332$69
34 years$1,590$1,084$720$469$300$59
35 years$1,528$1,028$673$432$272$50
36 years$1,469$976$630$398$247$43
37 years$1,414$927$590$366$223$37
38 years$1,361$881$552$338$203$31
39 years$1,312$837$517$311$184$27
40 years$1,265$797$485$287$167$23
41 years$1,220$758$455$265$151$20
42 years$1,178$722$426$245$137$17
43 years$1,137$688$400$226$125$14
44 years$1,099$656$376$208$113$12
45 years$1,062$626$353$192$103$10
46 years$1,028$597$331$178$93$9
47 years$994$569$311$164$85$8
48 years$963$544$292$152$77$7
49 years$932$519$275$140$70$6
50 years$903$496$258$130$63$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $925,000, adding $4,794 every year, while hoping to spend $29,063 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: 35/40/25 Blend
52$925,000$925,000$925,000$925,000
53$1,024,295$975,270$960,933$1,052,260
54$1,097,850$992,135$962,201$1,090,319
55$1,177,934$1,008,853$962,538$1,128,371
56$1,265,182$1,025,385$961,881$1,168,853
57$1,360,292$1,041,691$960,166$1,212,002
58$1,464,035$1,057,727$957,325$1,258,078
59$1,577,257$1,073,446$953,285$1,307,370
60$1,700,890$1,088,797$947,973$1,360,197
61$1,835,960$1,103,728$941,310$1,416,911
62$1,983,597$1,118,180$933,213$1,477,904
63$2,145,045$1,132,091$923,596$1,543,607
64$2,321,673$1,145,397$912,370$1,614,496
65$2,514,988$1,158,026$899,439$1,691,101
66$2,726,652$1,169,905$884,705$1,774,004
67$2,958,492$1,180,951$868,064$1,863,850
68$3,212,522$1,191,082$849,408$1,961,353
69$3,490,959$1,200,205$828,623$2,067,300
70$3,796,246$1,208,224$805,591$2,182,561
71$4,131,072$1,215,036$780,188$2,308,100
72$4,498,400$1,220,532$752,283$2,444,980
73$4,901,493$1,224,594$721,741$2,594,375
74$5,343,946$1,227,100$688,420$2,757,583
75$5,829,718$1,227,917$652,171$2,936,037
76$6,363,170$1,226,906$612,840$3,131,323
77$6,949,107$1,223,918$570,264$3,345,187
78$7,592,823$1,218,796$524,274$3,579,563
79$8,300,146$1,211,373$474,692$3,836,583
80$9,077,501$1,201,471$421,335$4,118,602
81$9,931,966$1,188,902$364,009$4,428,222
82$10,871,335$1,173,466$302,512$4,768,314
83$11,904,198$1,154,954$236,633$5,142,048
84$13,040,019$1,133,139$166,153$5,552,923
85$14,289,224$1,107,786$90,842$6,004,802
86$15,663,300$1,078,643$10,461$6,501,948
87$17,174,904$1,045,444$0$7,049,068
88$18,837,981$1,007,907$0$7,671,445
89$20,667,896$965,736$0$8,359,004
90$22,681,578$918,613$0$9,115,347
91$24,897,681$866,207$0$9,947,529
92$27,336,757$808,164$0$10,863,328
93$30,021,454$744,112$0$11,871,323
94$32,976,725$673,656$0$12,980,972
95$36,230,066$596,380$0$14,202,705
96$39,811,773$511,843$0$15,548,021
97$43,755,231$419,581$0$17,029,602
98$48,097,226$319,102$0$18,661,429
99$52,878,291$209,886$0$20,458,916
100$58,143,092$91,386$0$22,439,062