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%12.5%
1 years$73,661$73,004$72,364$71,739$71,129$70,387
2 years$36,466$35,786$35,128$34,490$33,871$33,123
3 years$24,069$23,387$22,730$22,098$21,489$20,759
4 years$17,872$17,192$16,542$15,920$15,326$14,620
5 years$14,154$13,479$12,837$12,228$11,651$10,970
6 years$11,677$11,006$10,374$9,779$9,219$8,565
7 years$9,908$9,243$8,621$8,040$7,497$6,870
8 years$8,582$7,923$7,311$6,745$6,220$5,619
9 years$7,551$6,898$6,297$5,745$5,238$4,664
10 years$6,727$6,081$5,490$4,952$4,463$3,915
11 years$6,053$5,413$4,833$4,310$3,838$3,316
12 years$5,492$4,859$4,290$3,780$3,326$2,829
13 years$5,018$4,391$3,832$3,337$2,901$2,428
14 years$4,611$3,991$3,443$2,963$2,543$2,094
15 years$4,259$3,646$3,109$2,642$2,239$1,813
16 years$3,952$3,345$2,819$2,366$1,979$1,576
17 years$3,681$3,081$2,565$2,126$1,754$1,373
18 years$3,440$2,847$2,341$1,916$1,560$1,200
19 years$3,225$2,638$2,143$1,731$1,390$1,051
20 years$3,032$2,452$1,967$1,568$1,242$922
21 years$2,857$2,284$1,809$1,423$1,111$810
22 years$2,698$2,132$1,668$1,294$996$713
23 years$2,554$1,994$1,540$1,178$894$628
24 years$2,421$1,868$1,424$1,075$804$554
25 years$2,300$1,753$1,319$981$723$489
26 years$2,188$1,648$1,223$897$651$432
27 years$2,084$1,551$1,136$821$587$382
28 years$1,988$1,461$1,056$752$530$338
29 years$1,899$1,378$983$690$479$299
30 years$1,816$1,302$915$633$432$265
31 years$1,738$1,231$853$582$391$234
32 years$1,666$1,164$796$535$354$208
33 years$1,597$1,103$743$492$320$184
34 years$1,534$1,045$695$452$290$163
35 years$1,473$991$649$416$262$145
36 years$1,417$941$607$383$238$129
37 years$1,363$894$569$353$216$114
38 years$1,313$849$532$326$195$101
39 years$1,265$807$499$300$177$90
40 years$1,220$768$468$277$161$80
41 years$1,176$731$438$255$146$71
42 years$1,136$696$411$236$132$63
43 years$1,097$664$386$218$120$56
44 years$1,060$633$362$201$109$50
45 years$1,025$603$340$186$99$44
46 years$991$575$319$171$90$39
47 years$959$549$300$158$82$35
48 years$928$524$282$146$74$31
49 years$899$501$265$135$67$27
50 years$871$478$249$125$61$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $892,000, adding $6,271 every year, while hoping to spend $46,960 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: 71/9/20 Blend
52$892,000$892,000$892,000$892,000
53$989,453$942,177$928,351$1,054,468
54$1,040,412$938,378$909,485$1,094,795
55$1,094,995$932,820$888,414$1,132,753
56$1,153,522$925,365$865,013$1,173,141
57$1,216,344$915,871$839,154$1,216,193
58$1,283,846$904,184$810,702$1,262,168
59$1,356,452$890,143$779,514$1,311,353
60$1,434,627$873,576$745,443$1,364,065
61$1,518,879$854,301$708,336$1,420,654
62$1,609,769$832,127$668,030$1,481,507
63$1,707,913$806,848$624,356$1,547,051
64$1,813,986$778,251$577,139$1,617,760
65$1,928,734$746,106$526,193$1,694,154
66$2,052,971$710,172$471,328$1,776,812
67$2,187,598$670,193$412,340$1,866,370
68$2,333,600$625,901$349,022$1,963,532
69$2,492,066$577,008$281,152$2,069,077
70$2,664,188$523,213$208,503$2,183,863
71$2,851,282$464,197$130,834$2,308,840
72$3,054,793$399,623$47,897$2,445,054
73$3,276,312$329,134$0$2,593,663
74$3,517,588$252,354$0$2,764,612
75$3,780,548$168,886$0$2,962,117
76$4,067,311$78,308$0$3,177,562
77$4,380,209$0$0$3,412,733
78$4,721,812$0$0$3,671,555
79$5,094,945$0$0$3,962,781
80$5,502,720$0$0$4,281,089
81$5,948,563$0$0$4,629,158
82$6,436,245$0$0$5,009,940
83$6,969,921$0$0$5,426,682
84$7,554,163$0$0$5,882,963
85$8,194,006$0$0$6,382,721
86$8,894,997$0$0$6,930,294
87$9,663,243$0$0$7,530,462
88$10,505,471$0$0$8,188,484
89$11,429,087$0$0$8,910,157
90$12,442,252$0$0$9,701,864
91$13,553,954$0$0$10,570,636
92$14,774,090$0$0$11,524,216
93$16,113,566$0$0$12,571,136
94$17,584,393$0$0$13,720,792
95$19,199,802$0$0$14,983,536
96$20,974,369$0$0$16,370,772
97$22,924,153$0$0$17,895,062
98$25,066,841$0$0$19,570,245
99$27,421,924$0$0$21,411,568
100$30,010,870$0$0$23,435,829