Can I retire at age 53 with 932,000?

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 $932,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$76,964$76,278$75,609$74,956$74,319$71,597
2 years$38,101$37,391$36,704$36,037$35,390$32,678
3 years$25,148$24,436$23,750$23,089$22,453$19,836
4 years$18,673$17,963$17,284$16,634$16,014$13,512
5 years$14,789$14,083$13,413$12,777$12,173$9,793
6 years$12,201$11,500$10,840$10,218$9,632$7,375
7 years$10,353$9,658$9,008$8,401$7,834$5,700
8 years$8,967$8,278$7,639$7,047$6,499$4,486
9 years$7,890$7,208$6,580$6,002$5,473$3,578
10 years$7,029$6,353$5,736$5,174$4,663$2,883
11 years$6,325$5,656$5,050$4,503$4,010$2,342
12 years$5,738$5,076$4,482$3,950$3,475$1,914
13 years$5,243$4,588$4,004$3,487$3,031$1,572
14 years$4,818$4,170$3,598$3,095$2,657$1,296
15 years$4,450$3,809$3,248$2,761$2,339$1,072
16 years$4,129$3,495$2,945$2,472$2,067$889
17 years$3,846$3,219$2,680$2,221$1,833$738
18 years$3,594$2,974$2,446$2,001$1,630$615
19 years$3,370$2,757$2,240$1,809$1,453$512
20 years$3,168$2,562$2,055$1,638$1,298$428
21 years$2,985$2,386$1,891$1,487$1,161$357
22 years$2,819$2,227$1,742$1,352$1,041$299
23 years$2,668$2,083$1,609$1,231$934$250
24 years$2,530$1,952$1,488$1,123$840$209
25 years$2,403$1,832$1,378$1,025$756$175
26 years$2,286$1,721$1,278$937$681$147
27 years$2,178$1,620$1,187$858$614$123
28 years$2,077$1,527$1,103$786$554$103
29 years$1,984$1,440$1,027$721$500$87
30 years$1,897$1,360$956$662$452$73
31 years$1,816$1,286$892$608$408$61
32 years$1,740$1,217$832$558$369$51
33 years$1,669$1,152$777$514$334$43
34 years$1,602$1,092$726$473$303$36
35 years$1,539$1,036$679$435$274$30
36 years$1,480$983$635$401$248$25
37 years$1,424$934$594$369$225$21
38 years$1,372$887$556$340$204$18
39 years$1,322$844$521$314$185$15
40 years$1,274$803$489$289$168$13
41 years$1,229$764$458$267$152$11
42 years$1,187$728$430$246$138$9
43 years$1,146$693$403$227$125$7
44 years$1,107$661$379$210$114$6
45 years$1,071$630$355$194$103$5
46 years$1,035$601$334$179$94$4
47 years$1,002$574$314$166$85$4
48 years$970$548$295$153$77$3
49 years$939$523$277$141$70$3
50 years$910$500$260$131$64$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $932,000, adding $4,370 every year, while hoping to spend $43,577 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: 41/39/20 Blend
52$932,000$932,000$932,000$932,000
53$1,031,572$982,176$967,730$1,067,627
54$1,090,426$983,937$953,783$1,095,497
55$1,153,824$984,323$937,909$1,121,117
56$1,222,181$983,223$919,996$1,147,952
57$1,295,957$980,514$899,929$1,176,134
58$1,375,655$976,070$877,587$1,205,816
59$1,461,829$969,754$852,844$1,237,164
60$1,555,087$961,424$825,565$1,270,369
61$1,656,098$950,926$795,614$1,305,641
62$1,765,598$938,099$762,845$1,343,217
63$1,884,395$922,771$727,106$1,383,360
64$2,013,378$904,762$688,239$1,426,367
65$2,153,526$883,879$646,079$1,472,565
66$2,305,915$859,918$600,452$1,522,323
67$2,471,729$832,665$551,177$1,576,049
68$2,652,269$801,890$498,066$1,634,200
69$2,848,971$767,352$440,921$1,697,285
70$3,063,410$728,796$379,536$1,765,868
71$3,297,323$685,953$313,695$1,840,580
72$3,552,620$638,535$243,175$1,922,120
73$3,831,406$586,241$167,739$2,011,267
74$4,135,995$528,753$87,144$2,108,887
75$4,468,936$465,731$1,133$2,215,939
76$4,833,036$396,821$0$2,333,491
77$5,231,385$321,644$0$2,482,073
78$5,667,384$239,802$0$2,645,170
79$6,144,781$150,877$0$2,824,059
80$6,667,701$54,422$0$3,020,423
81$7,240,688$0$0$3,236,123
82$7,868,745$0$0$3,494,687
83$8,557,384$0$0$3,803,919
84$9,312,674$0$0$4,143,206
85$10,141,300$0$0$4,515,566
86$11,050,625$0$0$4,924,324
87$12,048,762$0$0$5,373,142
88$13,144,645$0$0$5,866,055
89$14,348,115$0$0$6,407,509
90$15,670,014$0$0$7,002,399
91$17,122,287$0$0$7,656,120
92$18,718,090$0$0$8,374,613
93$20,471,920$0$0$9,164,427
94$22,399,744$0$0$10,032,773
95$24,519,156$0$0$10,987,597
96$26,849,540$0$0$12,037,656
97$29,412,249$0$0$13,192,594
98$32,230,813$0$0$14,463,039
99$35,331,154$0$0$15,860,701
100$38,741,832$0$0$17,398,482