Can I retire at age 53 with 891,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $891,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$73,578$72,923$72,283$71,659$71,050$70,366
2 years$36,425$35,746$35,089$34,451$33,833$33,145
3 years$24,042$23,361$22,705$22,073$21,465$20,793
4 years$17,852$17,173$16,523$15,903$15,309$14,658
5 years$14,139$13,463$12,823$12,215$11,638$11,011
6 years$11,664$10,994$10,363$9,768$9,209$8,605
7 years$9,897$9,233$8,611$8,031$7,489$6,910
8 years$8,573$7,914$7,303$6,737$6,213$5,659
9 years$7,543$6,891$6,290$5,738$5,232$4,702
10 years$6,720$6,074$5,484$4,947$4,458$3,952
11 years$6,046$5,407$4,828$4,305$3,834$3,352
12 years$5,486$4,853$4,285$3,776$3,323$2,863
13 years$5,012$4,386$3,828$3,334$2,897$2,460
14 years$4,606$3,987$3,440$2,959$2,540$2,125
15 years$4,255$3,642$3,105$2,639$2,236$1,842
16 years$3,947$3,341$2,816$2,363$1,976$1,603
17 years$3,677$3,077$2,562$2,123$1,752$1,399
18 years$3,436$2,843$2,339$1,913$1,558$1,224
19 years$3,221$2,635$2,141$1,729$1,389$1,074
20 years$3,028$2,449$1,965$1,566$1,240$943
21 years$2,854$2,281$1,807$1,421$1,110$830
22 years$2,695$2,129$1,666$1,292$995$731
23 years$2,551$1,991$1,538$1,177$893$645
24 years$2,419$1,866$1,422$1,073$803$570
25 years$2,297$1,751$1,317$980$722$504
26 years$2,185$1,646$1,222$896$651$446
27 years$2,082$1,549$1,135$820$587$395
28 years$1,986$1,459$1,055$752$529$350
29 years$1,897$1,377$982$689$478$310
30 years$1,814$1,300$914$633$432$275
31 years$1,736$1,229$852$581$391$244
32 years$1,664$1,163$795$534$353$217
33 years$1,596$1,101$743$491$320$192
34 years$1,532$1,044$694$452$289$171
35 years$1,472$990$649$416$262$152
36 years$1,415$940$607$383$238$135
37 years$1,362$893$568$353$215$120
38 years$1,311$848$532$325$195$107
39 years$1,263$807$498$300$177$95
40 years$1,218$767$467$277$161$84
41 years$1,175$730$438$255$146$75
42 years$1,134$696$411$236$132$67
43 years$1,096$663$385$217$120$59
44 years$1,059$632$362$201$109$53
45 years$1,023$603$340$185$99$47
46 years$990$575$319$171$90$42
47 years$958$549$300$158$81$37
48 years$927$524$282$146$74$33
49 years$898$500$265$135$67$30
50 years$870$478$249$125$61$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $891,000, adding $2,746 every year, while hoping to spend $42,089 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: 71/13/16 Blend
52$891,000$891,000$891,000$891,000
53$984,714$937,491$923,681$1,050,808
54$1,040,373$938,646$909,842$1,096,232
55$1,100,298$938,447$894,129$1,140,611
56$1,164,880$936,783$876,434$1,188,111
57$1,234,549$933,536$856,645$1,239,033
58$1,309,776$928,582$834,646$1,293,709
59$1,391,079$921,788$810,312$1,352,506
60$1,479,028$913,015$783,516$1,415,830
61$1,574,248$902,112$754,123$1,484,128
62$1,677,428$888,922$721,993$1,557,894
63$1,789,324$873,278$686,979$1,637,673
64$1,910,769$855,003$648,927$1,724,066
65$2,042,678$833,908$607,676$1,817,738
66$2,186,058$809,796$563,060$1,919,422
67$2,342,015$782,456$514,902$2,029,927
68$2,511,769$751,664$463,019$2,150,145
69$2,696,660$717,187$407,221$2,281,063
70$2,898,164$678,773$347,308$2,423,767
71$3,117,905$636,161$283,070$2,579,457
72$3,357,668$589,070$214,291$2,749,459
73$3,619,423$537,207$140,742$2,935,234
74$3,905,334$480,260$62,186$3,138,394
75$4,217,784$417,899$0$3,360,719
76$4,559,399$349,776$0$3,607,869
77$4,933,067$275,525$0$3,889,882
78$5,341,971$194,757$0$4,198,568
79$5,789,614$107,062$0$4,536,613
80$6,279,853$12,006$0$4,906,974
81$6,816,937$0$0$5,312,914
82$7,405,545$0$0$5,771,026
83$8,050,828$0$0$6,275,178
84$8,758,464$0$0$6,828,091
85$9,534,701$0$0$7,434,657
86$10,386,425$0$0$8,100,260
87$11,321,219$0$0$8,830,833
88$12,347,437$0$0$9,632,912
89$13,474,280$0$0$10,513,696
90$14,711,883$0$0$11,481,113
91$16,071,414$0$0$12,543,900
92$17,565,174$0$0$13,711,680
93$19,206,712$0$0$14,995,055
94$21,010,959$0$0$16,405,705
95$22,994,362$0$0$17,956,498
96$25,175,041$0$0$19,661,610
97$27,572,960$0$0$21,536,661
98$30,210,113$0$0$23,598,858
99$33,110,735$0$0$25,867,161
100$36,301,524$0$0$28,362,459