Can I retire at age 53 with 939,000?

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 $939,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$77,542$76,851$76,177$75,519$74,877$74,405
2 years$38,387$37,672$36,979$36,307$35,656$35,180
3 years$25,337$24,619$23,928$23,263$22,622$22,156
4 years$18,813$18,098$17,413$16,759$16,134$15,683
5 years$14,900$14,189$13,514$12,873$12,265$11,829
6 years$12,292$11,586$10,921$10,294$9,705$9,285
7 years$10,430$9,730$9,075$8,464$7,892$7,489
8 years$9,034$8,340$7,697$7,100$6,548$6,161
9 years$7,949$7,262$6,629$6,048$5,514$5,143
10 years$7,082$6,401$5,779$5,213$4,698$4,344
11 years$6,372$5,698$5,088$4,537$4,041$3,702
12 years$5,781$5,115$4,516$3,979$3,502$3,178
13 years$5,282$4,622$4,034$3,513$3,053$2,745
14 years$4,854$4,201$3,625$3,119$2,677$2,383
15 years$4,484$3,838$3,273$2,781$2,357$2,078
16 years$4,160$3,521$2,967$2,490$2,083$1,818
17 years$3,875$3,243$2,700$2,238$1,847$1,595
18 years$3,621$2,997$2,465$2,017$1,642$1,404
19 years$3,395$2,777$2,256$1,822$1,464$1,238
20 years$3,191$2,581$2,071$1,650$1,307$1,094
21 years$3,007$2,404$1,905$1,498$1,170$968
22 years$2,840$2,244$1,756$1,362$1,049$859
23 years$2,688$2,099$1,621$1,240$941$762
24 years$2,549$1,966$1,499$1,131$846$677
25 years$2,421$1,845$1,388$1,033$761$603
26 years$2,303$1,734$1,288$945$686$536
27 years$2,194$1,632$1,196$865$618$478
28 years$2,093$1,538$1,112$792$558$426
29 years$1,999$1,451$1,034$726$504$380
30 years$1,911$1,370$964$667$455$340
31 years$1,830$1,295$898$612$412$303
32 years$1,753$1,226$838$563$372$271
33 years$1,682$1,161$783$517$337$242
34 years$1,614$1,100$731$476$305$217
35 years$1,551$1,043$684$438$276$194
36 years$1,491$990$639$404$250$173
37 years$1,435$941$599$372$227$155
38 years$1,382$894$561$343$206$139
39 years$1,331$850$525$316$187$124
40 years$1,284$809$492$292$169$111
41 years$1,238$770$462$269$153$100
42 years$1,195$733$433$248$139$89
43 years$1,155$699$406$229$126$80
44 years$1,116$666$381$212$115$72
45 years$1,079$635$358$195$104$64
46 years$1,043$606$336$180$95$58
47 years$1,009$578$316$167$86$52
48 years$977$552$297$154$78$46
49 years$946$527$279$142$71$41
50 years$917$503$262$132$64$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $939,000, adding $6,345 every year, while hoping to spend $40,978 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: 43/31/26 Blend
52$939,000$939,000$939,000$939,000
53$1,041,323$991,556$977,001$1,077,972
54$1,103,938$996,542$966,131$1,109,741
55$1,171,565$1,000,399$953,522$1,139,746
56$1,244,675$1,003,028$939,075$1,171,458
57$1,323,780$1,004,325$922,682$1,205,059
58$1,409,447$1,004,178$904,233$1,240,750
59$1,502,296$1,002,468$883,611$1,278,756
60$1,603,013$999,072$860,695$1,319,328
61$1,712,348$993,854$835,356$1,362,744
62$1,831,130$986,675$807,462$1,409,315
63$1,960,266$977,384$776,874$1,459,387
64$2,100,760$965,821$743,445$1,513,341
65$2,253,710$951,820$707,023$1,571,605
66$2,420,330$935,200$667,450$1,634,652
67$2,601,952$915,774$624,558$1,703,008
68$2,800,045$893,340$578,174$1,777,256
69$3,016,222$867,687$528,116$1,858,045
70$3,252,263$838,590$474,194$1,946,092
71$3,510,124$805,811$416,210$2,042,194
72$3,791,961$769,099$353,957$2,147,236
73$4,100,144$728,188$287,217$2,262,197
74$4,437,286$682,797$215,767$2,388,163
75$4,806,263$632,627$139,369$2,526,336
76$5,210,241$577,366$57,777$2,678,048
77$5,652,708$516,679$0$2,844,776
78$6,137,503$450,215$0$3,036,280
79$6,668,857$377,604$0$3,263,873
80$7,251,426$298,453$0$3,513,591
81$7,890,342$212,347$0$3,787,729
82$8,591,254$118,849$0$4,088,821
83$9,360,386$17,497$0$4,419,665
84$10,204,594$0$0$4,783,352
85$11,131,428$0$0$5,214,740
86$12,149,207$0$0$5,695,135
87$13,267,095$0$0$6,222,908
88$14,495,185$0$0$6,802,840
89$15,844,598$0$0$7,440,199
90$17,327,584$0$0$8,140,787
91$18,957,641$0$0$8,910,999
92$20,749,637$0$0$9,757,877
93$22,719,953$0$0$10,689,183
94$24,886,637$0$0$11,713,466
95$27,269,575$0$0$12,840,147
96$29,890,675$0$0$14,079,604
97$32,774,074$0$0$15,443,273
98$35,946,368$0$0$16,943,754
99$39,436,860$0$0$18,594,930
100$43,277,837$0$0$20,412,098