Can I retire at age 53 with 891,000?

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 $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%14.7%
1 years$73,578$72,923$72,283$71,659$71,050$69,672
2 years$36,425$35,746$35,089$34,451$33,833$32,451
3 years$24,042$23,361$22,705$22,073$21,465$20,121
4 years$17,852$17,173$16,523$15,903$15,309$14,014
5 years$14,139$13,463$12,823$12,215$11,638$10,395
6 years$11,664$10,994$10,363$9,768$9,209$8,020
7 years$9,897$9,233$8,611$8,031$7,489$6,354
8 years$8,573$7,914$7,303$6,737$6,213$5,132
9 years$7,543$6,891$6,290$5,738$5,232$4,204
10 years$6,720$6,074$5,484$4,947$4,458$3,482
11 years$6,046$5,407$4,828$4,305$3,834$2,909
12 years$5,486$4,853$4,285$3,776$3,323$2,447
13 years$5,012$4,386$3,828$3,334$2,897$2,070
14 years$4,606$3,987$3,440$2,959$2,540$1,759
15 years$4,255$3,642$3,105$2,639$2,236$1,501
16 years$3,947$3,341$2,816$2,363$1,976$1,284
17 years$3,677$3,077$2,562$2,123$1,752$1,102
18 years$3,436$2,843$2,339$1,913$1,558$948
19 years$3,221$2,635$2,141$1,729$1,389$817
20 years$3,028$2,449$1,965$1,566$1,240$705
21 years$2,854$2,281$1,807$1,421$1,110$609
22 years$2,695$2,129$1,666$1,292$995$527
23 years$2,551$1,991$1,538$1,177$893$456
24 years$2,419$1,866$1,422$1,073$803$396
25 years$2,297$1,751$1,317$980$722$343
26 years$2,185$1,646$1,222$896$651$298
27 years$2,082$1,549$1,135$820$587$259
28 years$1,986$1,459$1,055$752$529$225
29 years$1,897$1,377$982$689$478$196
30 years$1,814$1,300$914$633$432$170
31 years$1,736$1,229$852$581$391$148
32 years$1,664$1,163$795$534$353$129
33 years$1,596$1,101$743$491$320$112
34 years$1,532$1,044$694$452$289$98
35 years$1,472$990$649$416$262$85
36 years$1,415$940$607$383$238$74
37 years$1,362$893$568$353$215$64
38 years$1,311$848$532$325$195$56
39 years$1,263$807$498$300$177$49
40 years$1,218$767$467$277$161$43
41 years$1,175$730$438$255$146$37
42 years$1,134$696$411$236$132$32
43 years$1,096$663$385$217$120$28
44 years$1,059$632$362$201$109$25
45 years$1,023$603$340$185$99$21
46 years$990$575$319$171$90$19
47 years$958$549$300$158$81$16
48 years$927$524$282$146$74$14
49 years$898$500$265$135$67$12
50 years$870$478$249$125$61$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $891,000, adding $3,424 every year, while hoping to spend $56,380 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: 75/18/7 Blend
52$891,000$891,000$891,000$891,000
53$985,414$938,191$924,380$1,058,158
54$1,025,938$924,174$895,359$1,092,474
55$1,068,706$907,581$863,476$1,122,548
56$1,113,888$888,226$828,576$1,153,882
57$1,161,667$865,912$790,496$1,186,579
58$1,212,246$840,431$749,067$1,220,756
59$1,265,845$811,562$704,110$1,256,540
60$1,322,704$779,071$655,441$1,294,072
61$1,383,087$742,713$602,865$1,333,509
62$1,447,281$702,225$546,181$1,375,025
63$1,515,602$657,332$485,175$1,418,814
64$1,588,393$607,740$419,628$1,465,089
65$1,666,031$553,143$349,309$1,514,087
66$1,748,932$493,211$273,975$1,566,071
67$1,837,546$427,602$193,377$1,621,332
68$1,932,371$355,950$107,250$1,680,192
69$2,033,951$277,870$15,321$1,743,010
70$2,142,884$192,955$0$1,810,182
71$2,259,823$100,775$0$1,888,329
72$2,385,489$877$0$1,973,379
73$2,520,671$0$0$2,064,747
74$2,666,235$0$0$2,184,290
75$2,823,133$0$0$2,313,357
76$2,992,410$0$0$2,452,636
77$3,175,215$0$0$2,603,075
78$3,372,810$0$0$2,765,718
79$3,586,581$0$0$2,941,710
80$3,818,055$0$0$3,132,311
81$4,068,906$0$0$3,338,905
82$4,340,978$0$0$3,563,016
83$4,636,299$0$0$3,806,317
84$4,957,098$0$0$4,070,651
85$5,305,826$0$0$4,358,044
86$5,685,183$0$0$4,670,725
87$6,098,137$0$0$5,011,147
88$6,547,953$0$0$5,382,007
89$7,038,226$0$0$5,786,277
90$7,572,912$0$0$6,227,225
91$8,156,365$0$0$6,708,447
92$8,793,378$0$0$7,233,905
93$9,489,225$0$0$7,807,957
94$10,249,714$0$0$8,435,403
95$11,081,240$0$0$9,121,525
96$11,990,842$0$0$9,872,142
97$12,986,272$0$0$10,693,659
98$14,076,066$0$0$11,593,129
99$15,269,622$0$0$12,578,320
100$16,577,291$0$0$13,657,785