Can I retire at age 53 with 893,000?

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 $893,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$73,743$73,086$72,445$71,820$71,209$70,820
2 years$36,506$35,827$35,168$34,529$33,909$33,516
3 years$24,096$23,413$22,756$22,123$21,513$21,129
4 years$17,892$17,211$16,560$15,938$15,343$14,971
5 years$14,170$13,494$12,852$12,242$11,664$11,304
6 years$11,690$11,019$10,386$9,790$9,229$8,882
7 years$9,919$9,253$8,631$8,049$7,506$7,172
8 years$8,592$7,932$7,320$6,752$6,227$5,907
9 years$7,560$6,906$6,304$5,751$5,244$4,937
10 years$6,735$6,087$5,496$4,958$4,468$4,174
11 years$6,060$5,419$4,839$4,315$3,843$3,562
12 years$5,498$4,864$4,294$3,785$3,330$3,062
13 years$5,023$4,396$3,837$3,341$2,904$2,648
14 years$4,616$3,996$3,447$2,966$2,545$2,302
15 years$4,264$3,650$3,112$2,645$2,241$2,010
16 years$3,956$3,349$2,822$2,368$1,981$1,761
17 years$3,685$3,084$2,568$2,128$1,756$1,547
18 years$3,444$2,850$2,344$1,918$1,562$1,363
19 years$3,229$2,641$2,146$1,733$1,392$1,204
20 years$3,035$2,454$1,969$1,569$1,243$1,066
21 years$2,860$2,286$1,811$1,424$1,113$945
22 years$2,701$2,134$1,670$1,295$997$839
23 years$2,557$1,996$1,542$1,179$895$746
24 years$2,424$1,870$1,426$1,076$805$664
25 years$2,302$1,755$1,320$982$724$591
26 years$2,190$1,649$1,225$898$652$527
27 years$2,086$1,552$1,137$822$588$471
28 years$1,990$1,463$1,057$753$531$420
29 years$1,901$1,380$984$691$479$376
30 years$1,818$1,303$916$634$433$336
31 years$1,740$1,232$854$582$391$301
32 years$1,667$1,166$797$535$354$269
33 years$1,599$1,104$744$492$320$241
34 years$1,535$1,046$695$453$290$216
35 years$1,475$992$650$417$263$193
36 years$1,418$942$608$384$238$173
37 years$1,365$895$569$354$216$155
38 years$1,314$850$533$326$196$139
39 years$1,266$808$499$301$177$125
40 years$1,221$769$468$277$161$112
41 years$1,178$732$439$256$146$101
42 years$1,137$697$412$236$132$90
43 years$1,098$664$386$218$120$81
44 years$1,061$633$363$201$109$73
45 years$1,026$604$341$186$99$65
46 years$992$576$320$172$90$59
47 years$960$550$300$159$82$53
48 years$929$525$282$147$74$47
49 years$900$501$265$135$67$42
50 years$872$479$250$125$61$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $893,000, adding $5,416 every year, while hoping to spend $26,154 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: 57/16/27 Blend
52$893,000$893,000$893,000$893,000
53$989,673$942,344$928,502$1,038,491
54$1,062,792$960,691$931,779$1,090,920
55$1,142,492$979,060$934,290$1,144,833
56$1,229,418$997,426$935,980$1,203,056
57$1,324,277$1,015,759$936,794$1,266,016
58$1,427,851$1,034,028$936,674$1,334,179
59$1,540,996$1,052,200$935,557$1,408,063
60$1,664,658$1,070,238$933,379$1,488,237
61$1,799,879$1,088,105$930,072$1,575,329
62$1,947,802$1,105,758$925,566$1,670,033
63$2,109,691$1,123,153$919,785$1,773,112
64$2,286,933$1,140,241$912,651$1,885,410
65$2,481,058$1,156,972$904,083$2,007,855
66$2,693,752$1,173,289$893,996$2,141,472
67$2,926,868$1,189,133$882,298$2,287,393
68$3,182,451$1,204,443$868,897$2,446,862
69$3,462,749$1,219,149$853,694$2,621,257
70$3,770,242$1,233,180$836,585$2,812,091
71$4,107,660$1,246,459$817,464$3,021,038
72$4,478,009$1,258,904$796,217$3,249,940
73$4,884,602$1,270,426$772,726$3,500,831
74$5,331,088$1,280,933$746,868$3,775,953
75$5,821,485$1,290,324$718,514$4,077,778
76$6,360,221$1,298,495$687,529$4,409,030
77$6,952,173$1,305,331$653,772$4,772,717
78$7,602,717$1,310,714$617,095$5,172,153
79$8,317,770$1,314,515$577,344$5,610,990
80$9,103,856$1,316,600$534,358$6,093,260
81$9,968,158$1,316,823$487,968$6,623,403
82$10,918,595$1,315,031$438,000$7,206,318
83$11,963,887$1,311,064$384,268$7,847,405
84$13,113,645$1,304,746$326,582$8,552,618
85$14,378,455$1,295,897$264,741$9,328,521
86$15,769,983$1,284,322$198,535$10,182,350
87$17,301,082$1,269,814$127,747$11,122,084
88$18,985,913$1,252,157$52,148$12,156,518
89$20,840,082$1,231,117$0$13,295,348
90$22,880,780$1,206,452$0$14,557,484
91$25,126,952$1,177,901$0$15,963,056
92$27,599,472$1,145,189$0$17,510,092
93$30,321,341$1,108,026$0$19,212,988
94$33,317,902$1,066,103$0$21,087,612
95$36,617,081$1,019,096$0$23,151,450
96$40,249,651$966,659$0$25,423,774
97$44,249,518$908,428$0$27,925,819
98$48,654,045$844,017$0$30,680,989
99$53,504,402$773,019$0$33,715,076
100$58,845,957$695,003$0$37,056,504