Can I retire at age 53 with 894,000?

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 $894,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$73,826$73,168$72,527$71,900$71,289$70,810
2 years$36,547$35,867$35,207$34,567$33,947$33,464
3 years$24,123$23,439$22,781$22,148$21,537$21,065
4 years$17,912$17,230$16,579$15,956$15,361$14,903
5 years$14,186$13,509$12,866$12,256$11,677$11,235
6 years$11,703$11,031$10,398$9,801$9,240$8,814
7 years$9,930$9,264$8,640$8,058$7,514$7,105
8 years$8,601$7,941$7,328$6,760$6,234$5,842
9 years$7,568$6,914$6,311$5,758$5,250$4,874
10 years$6,742$6,094$5,502$4,963$4,473$4,114
11 years$6,067$5,425$4,844$4,320$3,847$3,504
12 years$5,504$4,869$4,299$3,789$3,334$3,006
13 years$5,029$4,401$3,841$3,345$2,907$2,595
14 years$4,622$4,000$3,451$2,969$2,548$2,251
15 years$4,269$3,654$3,116$2,648$2,244$1,962
16 years$3,961$3,353$2,825$2,371$1,983$1,715
17 years$3,689$3,088$2,571$2,130$1,758$1,504
18 years$3,448$2,853$2,347$1,920$1,563$1,323
19 years$3,232$2,644$2,148$1,735$1,393$1,166
20 years$3,038$2,457$1,972$1,571$1,245$1,029
21 years$2,863$2,289$1,813$1,426$1,114$910
22 years$2,704$2,136$1,671$1,297$998$807
23 years$2,559$1,998$1,543$1,181$896$715
24 years$2,427$1,872$1,427$1,077$806$635
25 years$2,305$1,757$1,322$984$725$565
26 years$2,193$1,651$1,226$899$653$502
27 years$2,089$1,554$1,138$823$589$447
28 years$1,993$1,464$1,058$754$531$399
29 years$1,903$1,381$985$692$480$355
30 years$1,820$1,305$917$635$433$317
31 years$1,742$1,233$855$583$392$283
32 years$1,669$1,167$798$536$354$253
33 years$1,601$1,105$745$493$321$226
34 years$1,537$1,047$696$453$290$202
35 years$1,477$993$651$417$263$180
36 years$1,420$943$609$384$238$161
37 years$1,366$896$570$354$216$144
38 years$1,316$851$534$326$196$129
39 years$1,268$809$500$301$178$115
40 years$1,222$770$469$278$161$103
41 years$1,179$733$439$256$146$92
42 years$1,138$698$412$236$133$83
43 years$1,099$665$387$218$120$74
44 years$1,062$634$363$201$109$66
45 years$1,027$605$341$186$99$59
46 years$993$577$320$172$90$53
47 years$961$550$301$159$82$48
48 years$930$525$283$147$74$43
49 years$901$502$266$136$67$38
50 years$873$479$250$125$61$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $894,000, adding $6,954 every year, while hoping to spend $55,086 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: 76/6/18 Blend
52$894,000$894,000$894,000$894,000
53$992,361$944,979$931,122$1,063,195
54$1,034,971$932,672$903,704$1,098,696
55$1,080,080$917,916$873,520$1,130,093
56$1,127,887$900,532$840,422$1,163,045
57$1,178,605$880,332$804,249$1,197,692
58$1,232,471$857,115$764,839$1,234,188
59$1,289,740$830,672$722,019$1,272,702
60$1,350,695$800,776$675,608$1,313,425
61$1,415,644$767,192$625,419$1,356,562
62$1,484,923$729,668$571,254$1,402,346
63$1,558,903$687,939$512,909$1,451,029
64$1,637,988$641,725$450,168$1,502,895
65$1,722,622$590,729$382,808$1,558,255
66$1,813,292$534,638$310,595$1,617,454
67$1,910,532$473,119$233,284$1,680,871
68$2,014,927$405,822$150,619$1,748,929
69$2,127,120$332,378$62,336$1,822,094
70$2,247,817$252,395$0$1,900,880
71$2,377,793$165,461$0$1,991,979
72$2,517,898$71,139$0$2,103,072
73$2,669,068$0$0$2,222,927
74$2,832,328$0$0$2,354,424
75$3,008,808$0$0$2,501,671
76$3,199,748$0$0$2,661,012
77$3,406,511$0$0$2,833,587
78$3,630,596$0$0$3,020,650
79$3,873,652$0$0$3,223,583
80$4,137,490$0$0$3,443,901
81$4,424,104$0$0$3,683,274
82$4,735,688$0$0$3,943,539
83$5,074,654$0$0$4,226,715
84$5,443,655$0$0$4,535,024
85$5,845,614$0$0$4,870,911
86$6,283,743$0$0$5,237,069
87$6,761,581$0$0$5,636,459
88$7,283,021$0$0$6,072,340
89$7,852,348$0$0$6,548,301
90$8,474,279$0$0$7,068,293
91$9,154,009$0$0$7,636,665
92$9,897,255$0$0$8,258,203
93$10,710,313$0$0$8,938,180
94$11,600,114$0$0$9,682,400
95$12,574,291$0$0$10,497,256
96$13,641,249$0$0$11,389,785
97$14,810,245$0$0$12,367,739
98$16,091,473$0$0$13,439,655
99$17,496,160$0$0$14,614,934
100$19,036,670$0$0$15,903,931