Can I retire at age 53 with 930,000?

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 $930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$76,799$76,114$75,447$74,796$74,160$72,781
2 years$38,019$37,311$36,625$35,959$35,314$33,931
3 years$25,094$24,383$23,699$23,040$22,405$21,059
4 years$18,633$17,924$17,247$16,599$15,979$14,682
5 years$14,757$14,053$13,384$12,749$12,147$10,902
6 years$12,175$11,475$10,816$10,196$9,612$8,420
7 years$10,330$9,637$8,988$8,383$7,817$6,679
8 years$8,948$8,261$7,623$7,032$6,485$5,400
9 years$7,873$7,192$6,566$5,990$5,461$4,429
10 years$7,014$6,340$5,724$5,163$4,653$3,673
11 years$6,311$5,644$5,039$4,493$4,002$3,073
12 years$5,726$5,066$4,472$3,941$3,468$2,588
13 years$5,231$4,578$3,996$3,480$3,024$2,192
14 years$4,808$4,161$3,590$3,089$2,651$1,866
15 years$4,441$3,801$3,241$2,755$2,334$1,594
16 years$4,120$3,488$2,939$2,467$2,063$1,366
17 years$3,838$3,212$2,674$2,216$1,829$1,174
18 years$3,587$2,968$2,441$1,997$1,626$1,011
19 years$3,362$2,751$2,235$1,805$1,450$872
20 years$3,161$2,556$2,051$1,634$1,295$754
21 years$2,979$2,381$1,887$1,483$1,159$652
22 years$2,813$2,222$1,739$1,349$1,039$565
23 years$2,662$2,079$1,605$1,228$932$490
24 years$2,524$1,948$1,485$1,120$838$426
25 years$2,398$1,828$1,375$1,023$754$370
26 years$2,281$1,718$1,275$935$679$322
27 years$2,173$1,617$1,184$856$612$280
28 years$2,073$1,523$1,101$785$553$244
29 years$1,980$1,437$1,025$719$499$212
30 years$1,893$1,357$954$660$451$185
31 years$1,812$1,283$890$606$408$161
32 years$1,736$1,214$830$557$369$140
33 years$1,665$1,150$775$512$334$122
34 years$1,599$1,090$724$472$302$107
35 years$1,536$1,033$677$434$274$93
36 years$1,477$981$633$400$248$81
37 years$1,421$932$593$368$225$71
38 years$1,369$885$555$339$204$62
39 years$1,319$842$520$313$185$54
40 years$1,271$801$488$289$168$47
41 years$1,227$762$457$266$152$41
42 years$1,184$726$429$246$138$36
43 years$1,144$692$402$227$125$31
44 years$1,105$659$378$210$114$27
45 years$1,068$629$355$194$103$24
46 years$1,033$600$333$179$94$21
47 years$1,000$573$313$165$85$18
48 years$968$547$294$153$77$16
49 years$937$522$276$141$70$14
50 years$908$499$260$130$64$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $930,000, adding $3,829 every year, while hoping to spend $42,399 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: 40/43/17 Blend
52$930,000$930,000$930,000$930,000
53$1,028,810$979,520$965,105$1,064,628
54$1,088,636$982,404$952,323$1,093,370
55$1,153,144$984,008$937,693$1,120,054
56$1,222,765$984,226$921,107$1,148,027
57$1,297,976$982,942$902,453$1,177,425
58$1,379,299$980,035$881,614$1,208,405
59$1,467,308$975,378$858,469$1,241,141
60$1,562,635$968,833$832,889$1,275,827
61$1,665,974$960,255$804,740$1,312,679
62$1,778,087$949,491$773,883$1,351,942
63$1,899,815$936,379$740,171$1,393,885
64$2,032,080$920,746$703,451$1,438,811
65$2,175,899$902,409$663,563$1,487,058
66$2,332,388$881,175$620,340$1,539,001
67$2,502,777$856,839$573,608$1,595,060
68$2,688,420$829,183$523,183$1,655,701
69$2,890,804$797,978$468,875$1,721,443
70$3,111,569$762,982$410,485$1,792,865
71$3,352,518$723,937$347,805$1,870,608
72$3,615,636$680,571$280,618$1,955,387
73$3,903,109$632,597$208,696$2,047,997
74$4,217,342$579,710$131,804$2,149,319
75$4,560,984$521,590$49,693$2,260,332
76$4,936,953$457,896$0$2,382,124
77$5,348,459$388,269$0$2,522,783
78$5,799,038$312,331$0$2,686,831
79$6,292,586$229,681$0$2,866,782
80$6,833,389$139,895$0$3,064,335
81$7,426,172$42,527$0$3,281,370
82$8,076,136$0$0$3,519,966
83$8,789,009$0$0$3,812,184
84$9,571,102$0$0$4,154,978
85$10,429,366$0$0$4,531,285
86$11,371,456$0$0$4,944,480
87$12,405,806$0$0$5,398,278
88$13,541,704$0$0$5,896,771
89$14,789,386$0$0$6,444,467
90$16,160,123$0$0$7,046,336
91$17,666,335$0$0$7,707,847
92$19,321,705$0$0$8,435,030
93$21,141,304$0$0$9,234,527
94$23,141,739$0$0$10,113,655
95$25,341,305$0$0$11,080,477
96$27,760,158$0$0$12,143,873
97$30,420,507$0$0$13,313,632
98$33,346,820$0$0$14,600,535
99$36,566,053$0$0$16,016,463
100$40,107,912$0$0$17,574,505