Can I retire at age 53 with 933,000?

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 $933,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$77,046$76,360$75,690$75,037$74,399$72,807
2 years$38,142$37,431$36,743$36,075$35,428$33,832
3 years$25,175$24,462$23,775$23,114$22,477$20,927
4 years$18,693$17,982$17,302$16,652$16,031$14,538
5 years$14,805$14,098$13,427$12,791$12,186$10,756
6 years$12,214$11,512$10,851$10,229$9,643$8,275
7 years$10,364$9,668$9,017$8,410$7,842$6,538
8 years$8,977$8,287$7,647$7,055$6,506$5,265
9 years$7,898$7,215$6,587$6,009$5,479$4,301
10 years$7,036$6,360$5,742$5,180$4,668$3,551
11 years$6,332$5,662$5,056$4,508$4,015$2,957
12 years$5,745$5,082$4,487$3,954$3,479$2,480
13 years$5,248$4,593$4,009$3,491$3,034$2,091
14 years$4,823$4,175$3,602$3,099$2,659$1,771
15 years$4,455$3,814$3,252$2,764$2,342$1,505
16 years$4,134$3,499$2,948$2,474$2,070$1,284
17 years$3,850$3,222$2,683$2,223$1,835$1,097
18 years$3,598$2,978$2,449$2,004$1,632$940
19 years$3,373$2,760$2,242$1,810$1,454$807
20 years$3,171$2,564$2,058$1,640$1,299$694
21 years$2,988$2,389$1,893$1,488$1,162$598
22 years$2,822$2,230$1,744$1,353$1,042$515
23 years$2,671$2,085$1,611$1,232$935$444
24 years$2,533$1,954$1,490$1,124$841$384
25 years$2,405$1,834$1,380$1,026$756$332
26 years$2,288$1,723$1,279$938$681$287
27 years$2,180$1,622$1,188$859$614$248
28 years$2,079$1,528$1,105$787$554$215
29 years$1,986$1,442$1,028$722$501$186
30 years$1,899$1,362$957$662$452$161
31 years$1,818$1,287$893$608$409$139
32 years$1,742$1,218$833$559$370$121
33 years$1,671$1,153$778$514$335$105
34 years$1,604$1,093$727$473$303$91
35 years$1,541$1,037$679$435$275$79
36 years$1,482$984$635$401$249$68
37 years$1,426$935$595$370$225$59
38 years$1,373$888$557$341$204$51
39 years$1,323$845$522$314$185$45
40 years$1,276$804$489$290$168$39
41 years$1,231$765$459$267$153$34
42 years$1,188$728$430$247$138$29
43 years$1,147$694$404$228$126$25
44 years$1,109$662$379$210$114$22
45 years$1,072$631$356$194$103$19
46 years$1,037$602$334$179$94$17
47 years$1,003$574$314$166$85$14
48 years$971$548$295$153$77$12
49 years$940$524$277$141$70$11
50 years$911$500$261$131$64$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $933,000, adding $6,334 every year, while hoping to spend $32,872 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: 49/22/29 Blend
52$933,000$933,000$933,000$933,000
53$1,034,700$985,251$970,789$1,076,593
54$1,105,263$998,552$968,335$1,119,955
55$1,181,923$1,011,404$964,697$1,163,303
56$1,265,265$1,023,749$959,800$1,209,768
57$1,355,936$1,035,527$953,568$1,259,661
58$1,454,647$1,046,673$945,917$1,313,327
59$1,562,178$1,057,117$936,763$1,371,147
60$1,679,392$1,066,787$926,016$1,433,541
61$1,807,234$1,075,604$913,581$1,500,975
62$1,946,747$1,083,483$899,362$1,573,962
63$2,099,078$1,090,337$883,253$1,653,071
64$2,265,491$1,096,071$865,149$1,738,930
65$2,447,375$1,100,582$844,936$1,832,233
66$2,646,262$1,103,766$822,496$1,933,747
67$2,863,838$1,105,507$797,706$2,044,317
68$3,101,956$1,105,684$770,437$2,164,881
69$3,362,663$1,104,169$740,553$2,296,470
70$3,648,207$1,100,826$707,914$2,440,228
71$3,961,066$1,095,509$672,372$2,597,414
72$4,303,971$1,088,065$633,772$2,769,421
73$4,679,927$1,078,331$591,954$2,957,785
74$5,092,244$1,066,134$546,750$3,164,205
75$5,544,569$1,051,290$497,982$3,390,554
76$6,040,918$1,033,606$445,467$3,638,901
77$6,585,715$1,012,876$389,013$3,911,530
78$7,183,833$988,882$328,420$4,210,962
79$7,840,640$961,393$263,478$4,539,979
80$8,562,048$930,165$193,968$4,901,654
81$9,354,573$894,939$119,662$5,299,375
82$10,225,390$855,441$40,321$5,736,884
83$11,182,405$811,383$0$6,218,306
84$12,234,327$762,457$0$6,761,922
85$13,390,751$708,341$0$7,373,239
86$14,662,250$648,691$0$8,045,396
87$16,060,469$583,147$0$8,784,598
88$17,598,240$511,324$0$9,597,686
89$19,289,701$432,820$0$10,492,199
90$21,150,430$347,207$0$11,476,450
91$23,197,588$254,035$0$12,559,601
92$25,450,085$152,826$0$13,751,751
93$27,928,757$43,077$0$15,064,036
94$30,656,560$0$0$16,508,727
95$33,658,790$0$0$18,117,691
96$36,963,318$0$0$19,900,262
97$40,600,855$0$0$21,862,595
98$44,605,239$0$0$24,022,959
99$49,013,759$0$0$26,401,488
100$53,867,500$0$0$29,020,365