Can I retire at age 53 with 935,000?

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 $935,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$77,211$76,524$75,853$75,198$74,558$73,566
2 years$38,223$37,512$36,822$36,153$35,504$34,505
3 years$25,229$24,514$23,826$23,163$22,525$21,552
4 years$18,733$18,021$17,339$16,688$16,065$15,125
5 years$14,837$14,128$13,456$12,818$12,212$11,307
6 years$12,240$11,537$10,874$10,251$9,663$8,795
7 years$10,386$9,689$9,037$8,428$7,859$7,027
8 years$8,996$8,305$7,664$7,070$6,520$5,725
9 years$7,915$7,231$6,601$6,022$5,491$4,732
10 years$7,051$6,374$5,755$5,191$4,678$3,955
11 years$6,345$5,674$5,066$4,518$4,023$3,336
12 years$5,757$5,093$4,496$3,963$3,487$2,833
13 years$5,260$4,602$4,017$3,498$3,040$2,420
14 years$4,834$4,183$3,609$3,105$2,665$2,078
15 years$4,465$3,822$3,259$2,769$2,347$1,791
16 years$4,142$3,506$2,955$2,480$2,074$1,549
17 years$3,858$3,229$2,689$2,228$1,839$1,343
18 years$3,606$2,984$2,454$2,008$1,635$1,168
19 years$3,380$2,765$2,247$1,814$1,457$1,017
20 years$3,178$2,570$2,062$1,643$1,302$888
21 years$2,995$2,394$1,897$1,491$1,165$776
22 years$2,828$2,234$1,748$1,356$1,044$679
23 years$2,677$2,090$1,614$1,235$937$595
24 years$2,538$1,958$1,493$1,126$842$522
25 years$2,411$1,837$1,383$1,029$758$458
26 years$2,293$1,727$1,282$941$683$403
27 years$2,185$1,625$1,191$861$616$354
28 years$2,084$1,531$1,107$789$556$311
29 years$1,990$1,445$1,030$723$502$274
30 years$1,903$1,364$959$664$453$241
31 years$1,822$1,290$894$610$410$213
32 years$1,746$1,220$835$560$371$187
33 years$1,674$1,156$779$515$335$165
34 years$1,607$1,095$728$474$304$146
35 years$1,544$1,039$681$436$275$128
36 years$1,485$986$637$402$249$113
37 years$1,429$937$596$370$226$100
38 years$1,376$890$558$341$205$88
39 years$1,326$846$523$315$186$78
40 years$1,278$805$490$290$168$69
41 years$1,233$767$460$268$153$61
42 years$1,190$730$431$247$139$53
43 years$1,150$696$405$228$126$47
44 years$1,111$663$380$211$114$42
45 years$1,074$632$357$195$104$37
46 years$1,039$603$335$180$94$32
47 years$1,005$576$315$166$86$29
48 years$973$549$296$153$78$25
49 years$942$525$278$142$71$22
50 years$913$501$261$131$64$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $935,000, adding $6,577 every year, while hoping to spend $48,835 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: 39/47/14 Blend
52$935,000$935,000$935,000$935,000
53$1,037,154$987,599$973,107$1,073,005
54$1,090,984$984,031$953,746$1,095,545
55$1,148,667$978,652$932,099$1,114,662
56$1,210,546$971,321$908,040$1,134,275
57$1,276,996$961,889$881,432$1,154,451
58$1,348,426$950,199$852,137$1,175,269
59$1,425,290$936,083$820,008$1,196,821
60$1,508,082$919,364$784,891$1,219,208
61$1,597,348$899,854$746,627$1,242,550
62$1,693,685$877,355$705,046$1,266,982
63$1,797,751$851,655$659,975$1,292,657
64$1,910,268$822,532$611,231$1,319,750
65$2,032,030$789,751$558,622$1,348,457
66$2,163,909$753,061$501,948$1,379,002
67$2,306,866$712,199$441,001$1,411,638
68$2,461,954$666,885$375,562$1,446,647
69$2,630,335$616,823$305,405$1,484,352
70$2,813,284$561,703$230,291$1,525,111
71$3,012,206$501,193$149,973$1,569,331
72$3,228,645$434,945$64,191$1,617,465
73$3,464,300$362,591$0$1,670,024
74$3,721,041$283,741$0$1,731,664
75$4,000,927$197,983$0$1,809,437
76$4,306,221$104,885$0$1,894,504
77$4,639,418$3,986$0$1,987,709
78$5,003,260$0$0$2,089,993
79$5,400,769$0$0$2,256,808
80$5,835,270$0$0$2,441,521
81$6,310,424$0$0$2,643,643
82$6,830,262$0$0$2,864,903
83$7,399,223$0$0$3,107,207
84$8,022,195$0$0$3,372,653
85$8,704,560$0$0$3,663,554
86$9,452,246$0$0$3,982,453
87$10,271,780$0$0$4,332,154
88$11,170,351$0$0$4,715,745
89$12,155,879$0$0$5,136,626
90$13,237,084$0$0$5,598,543
91$14,423,573$0$0$6,105,622
92$15,725,927$0$0$6,662,408
93$17,155,803$0$0$7,273,907
94$18,726,040$0$0$7,945,635
95$20,450,783$0$0$8,683,668
96$22,345,611$0$0$9,494,698
97$24,427,691$0$0$10,386,101
98$26,715,932$0$0$11,366,000
99$29,231,166$0$0$12,443,344
100$31,996,347$0$0$13,627,995