Can I retire at age 53 with 929,000?

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 $929,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$76,716$76,033$75,366$74,715$74,080$73,003
2 years$37,978$37,271$36,585$35,921$35,276$34,193
3 years$25,067$24,357$23,673$23,015$22,381$21,326
4 years$18,613$17,905$17,228$16,581$15,962$14,943
5 years$14,742$14,038$13,370$12,736$12,134$11,154
6 years$12,161$11,463$10,805$10,185$9,601$8,661
7 years$10,319$9,626$8,979$8,374$7,808$6,909
8 years$8,938$8,252$7,615$7,024$6,478$5,619
9 years$7,865$7,185$6,559$5,983$5,455$4,636
10 years$7,006$6,333$5,718$5,158$4,648$3,868
11 years$6,304$5,638$5,034$4,489$3,998$3,256
12 years$5,720$5,060$4,467$3,937$3,464$2,760
13 years$5,226$4,573$3,991$3,476$3,021$2,354
14 years$4,803$4,157$3,586$3,086$2,648$2,016
15 years$4,436$3,797$3,238$2,752$2,332$1,734
16 years$4,116$3,484$2,936$2,464$2,061$1,497
17 years$3,833$3,208$2,671$2,214$1,827$1,295
18 years$3,583$2,965$2,439$1,995$1,625$1,124
19 years$3,359$2,748$2,232$1,803$1,448$977
20 years$3,157$2,553$2,049$1,633$1,293$851
21 years$2,975$2,378$1,884$1,482$1,157$742
22 years$2,810$2,220$1,737$1,347$1,037$648
23 years$2,660$2,076$1,604$1,227$931$566
24 years$2,522$1,945$1,483$1,119$837$496
25 years$2,395$1,826$1,374$1,022$753$434
26 years$2,278$1,716$1,274$934$678$380
27 years$2,171$1,615$1,183$855$612$334
28 years$2,071$1,522$1,100$784$552$293
29 years$1,978$1,435$1,023$719$498$257
30 years$1,891$1,356$953$660$450$226
31 years$1,810$1,282$889$606$407$198
32 years$1,735$1,213$829$557$368$174
33 years$1,664$1,148$774$512$333$153
34 years$1,597$1,088$723$471$302$135
35 years$1,534$1,032$676$434$273$119
36 years$1,475$980$633$399$248$104
37 years$1,420$931$592$368$224$92
38 years$1,367$884$555$339$203$81
39 years$1,317$841$520$313$185$71
40 years$1,270$800$487$288$167$63
41 years$1,225$762$457$266$152$55
42 years$1,183$725$428$246$138$49
43 years$1,142$691$402$227$125$43
44 years$1,104$659$377$209$114$38
45 years$1,067$628$354$193$103$33
46 years$1,032$599$333$179$94$29
47 years$999$572$313$165$85$26
48 years$967$546$294$152$77$23
49 years$936$521$276$141$70$20
50 years$907$498$260$130$64$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $929,000, adding $2,702 every year, while hoping to spend $33,559 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: 32/45/23 Blend
52$929,000$929,000$929,000$929,000
53$1,026,545$977,308$962,909$1,052,053
54$1,095,546$989,490$959,460$1,083,718
55$1,170,461$1,001,143$954,770$1,114,593
56$1,251,856$1,012,208$948,764$1,147,164
57$1,340,357$1,022,618$941,359$1,181,601
58$1,436,651$1,032,304$932,472$1,218,095
59$1,541,494$1,041,191$922,014$1,256,855
60$1,655,717$1,049,200$909,892$1,298,116
61$1,780,236$1,056,246$896,009$1,342,137
62$1,916,058$1,062,241$880,264$1,389,208
63$2,064,293$1,067,087$862,549$1,439,648
64$2,226,161$1,070,685$842,755$1,493,815
65$2,403,005$1,072,924$820,763$1,552,103
66$2,596,306$1,073,692$796,453$1,614,951
67$2,807,692$1,072,865$769,697$1,682,845
68$3,038,955$1,070,315$740,361$1,756,326
69$3,292,071$1,065,903$708,305$1,835,991
70$3,569,214$1,059,484$673,385$1,922,504
71$3,872,779$1,050,903$635,448$2,016,599
72$4,205,401$1,039,996$594,334$2,119,092
73$4,569,985$1,026,589$549,878$2,230,885
74$4,969,729$1,010,497$501,904$2,352,978
75$5,408,155$991,525$450,232$2,486,477
76$5,889,144$969,467$394,671$2,632,608
77$6,416,968$944,102$335,024$2,792,727
78$6,996,335$915,199$271,084$2,968,335
79$7,632,429$882,513$202,634$3,161,094
80$8,330,963$845,782$129,448$3,372,843
81$9,098,228$804,732$51,292$3,605,613
82$9,941,156$759,073$0$3,861,653
83$10,867,382$708,496$0$4,151,332
84$11,885,319$652,675$0$4,483,462
85$13,004,233$591,268$0$4,848,549
86$14,234,334$523,909$0$5,250,019
87$15,586,871$450,216$0$5,691,659
88$17,074,238$369,782$0$6,177,647
89$18,710,087$282,178$0$6,712,593
90$20,509,462$186,952$0$7,301,589
91$22,488,938$83,623$0$7,950,253
92$24,666,778$0$0$8,664,787
93$27,063,102$0$0$9,466,052
94$29,700,081$0$0$10,393,515
95$32,602,143$0$0$11,414,381
96$35,796,204$0$0$12,538,138
97$39,311,922$0$0$13,775,242
98$43,181,974$0$0$15,137,214
99$47,442,370$0$0$16,636,750
100$52,132,784$0$0$18,287,838