Can I retire at age 53 with 892,000?

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 $892,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$73,661$73,004$72,364$71,739$71,129$69,438
2 years$36,466$35,786$35,128$34,490$33,871$32,177
3 years$24,069$23,387$22,730$22,098$21,489$19,845
4 years$17,872$17,192$16,542$15,920$15,326$13,745
5 years$14,154$13,479$12,837$12,228$11,651$10,137
6 years$11,677$11,006$10,374$9,779$9,219$7,774
7 years$9,908$9,243$8,621$8,040$7,497$6,121
8 years$8,582$7,923$7,311$6,745$6,220$4,912
9 years$7,551$6,898$6,297$5,745$5,238$3,998
10 years$6,727$6,081$5,490$4,952$4,463$3,289
11 years$6,053$5,413$4,833$4,310$3,838$2,728
12 years$5,492$4,859$4,290$3,780$3,326$2,279
13 years$5,018$4,391$3,832$3,337$2,901$1,914
14 years$4,611$3,991$3,443$2,963$2,543$1,614
15 years$4,259$3,646$3,109$2,642$2,239$1,366
16 years$3,952$3,345$2,819$2,366$1,979$1,160
17 years$3,681$3,081$2,565$2,126$1,754$988
18 years$3,440$2,847$2,341$1,916$1,560$843
19 years$3,225$2,638$2,143$1,731$1,390$720
20 years$3,032$2,452$1,967$1,568$1,242$616
21 years$2,857$2,284$1,809$1,423$1,111$528
22 years$2,698$2,132$1,668$1,294$996$453
23 years$2,554$1,994$1,540$1,178$894$389
24 years$2,421$1,868$1,424$1,075$804$334
25 years$2,300$1,753$1,319$981$723$288
26 years$2,188$1,648$1,223$897$651$247
27 years$2,084$1,551$1,136$821$587$213
28 years$1,988$1,461$1,056$752$530$183
29 years$1,899$1,378$983$690$479$158
30 years$1,816$1,302$915$633$432$136
31 years$1,738$1,231$853$582$391$117
32 years$1,666$1,164$796$535$354$101
33 years$1,597$1,103$743$492$320$87
34 years$1,534$1,045$695$452$290$75
35 years$1,473$991$649$416$262$65
36 years$1,417$941$607$383$238$56
37 years$1,363$894$569$353$216$48
38 years$1,313$849$532$326$195$42
39 years$1,265$807$499$300$177$36
40 years$1,220$768$468$277$161$31
41 years$1,176$731$438$255$146$27
42 years$1,136$696$411$236$132$23
43 years$1,097$664$386$218$120$20
44 years$1,060$633$362$201$109$17
45 years$1,025$603$340$186$99$15
46 years$991$575$319$171$90$13
47 years$959$549$300$158$82$11
48 years$928$524$282$146$74$10
49 years$899$501$265$135$67$8
50 years$871$478$249$125$61$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $892,000, adding $6,413 every year, while hoping to spend $57,001 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: 60/14/26 Blend
52$892,000$892,000$892,000$892,000
53$989,599$942,323$928,497$1,041,701
54$1,029,889$927,848$898,953$1,063,440
55$1,072,379$910,754$866,509$1,080,453
56$1,117,232$890,851$831,007$1,097,798
57$1,164,628$867,940$792,284$1,115,522
58$1,214,760$841,810$750,166$1,133,676
59$1,267,844$812,237$704,475$1,152,320
60$1,324,112$778,984$655,022$1,171,523
61$1,383,817$741,801$601,611$1,191,365
62$1,447,239$700,421$544,038$1,211,934
63$1,514,681$654,566$482,087$1,233,334
64$1,586,477$603,938$415,536$1,255,681
65$1,662,992$548,225$344,150$1,279,108
66$1,744,623$487,094$267,685$1,303,764
67$1,831,809$420,196$185,887$1,329,820
68$1,925,029$347,161$98,489$1,357,466
69$2,024,808$267,598$5,215$1,386,918
70$2,131,722$181,094$0$1,418,418
71$2,246,404$87,214$0$1,478,408
72$2,369,547$0$0$1,544,271
73$2,501,912$0$0$1,617,223
74$2,644,333$0$0$1,710,226
75$2,797,730$0$0$1,810,448
76$2,963,109$0$0$1,918,555
77$3,141,576$0$0$2,035,277
78$3,334,349$0$0$2,161,418
79$3,542,763$0$0$2,297,858
80$3,768,287$0$0$2,445,569
81$4,012,535$0$0$2,605,617
82$4,277,283$0$0$2,779,173
83$4,564,483$0$0$2,967,527
84$4,876,281$0$0$3,172,097
85$5,215,038$0$0$3,394,442
86$5,583,352$0$0$3,636,278
87$5,984,080$0$0$3,899,493
88$6,420,366$0$0$4,186,164
89$6,895,669$0$0$4,498,577
90$7,413,796$0$0$4,839,246
91$7,978,938$0$0$5,210,941
92$8,595,705$0$0$5,616,708
93$9,269,175$0$0$6,059,903
94$10,004,935$0$0$6,544,218
95$10,809,137$0$0$7,073,718
96$11,688,554$0$0$7,652,880
97$12,650,643$0$0$8,286,633
98$13,703,616$0$0$8,980,402
99$14,856,515$0$0$9,740,165
100$16,119,295$0$0$10,572,503