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%14.9%
1 years$73,826$73,168$72,527$71,900$71,289$69,849
2 years$36,547$35,867$35,207$34,567$33,947$32,503
3 years$24,123$23,439$22,781$22,148$21,537$20,134
4 years$17,912$17,230$16,579$15,956$15,361$14,009
5 years$14,186$13,509$12,866$12,256$11,677$10,380
6 years$11,703$11,031$10,398$9,801$9,240$8,000
7 years$9,930$9,264$8,640$8,058$7,514$6,331
8 years$8,601$7,941$7,328$6,760$6,234$5,107
9 years$7,568$6,914$6,311$5,758$5,250$4,179
10 years$6,742$6,094$5,502$4,963$4,473$3,457
11 years$6,067$5,425$4,844$4,320$3,847$2,885
12 years$5,504$4,869$4,299$3,789$3,334$2,423
13 years$5,029$4,401$3,841$3,345$2,907$2,047
14 years$4,622$4,000$3,451$2,969$2,548$1,737
15 years$4,269$3,654$3,116$2,648$2,244$1,480
16 years$3,961$3,353$2,825$2,371$1,983$1,265
17 years$3,689$3,088$2,571$2,130$1,758$1,084
18 years$3,448$2,853$2,347$1,920$1,563$931
19 years$3,232$2,644$2,148$1,735$1,393$801
20 years$3,038$2,457$1,972$1,571$1,245$690
21 years$2,863$2,289$1,813$1,426$1,114$595
22 years$2,704$2,136$1,671$1,297$998$514
23 years$2,559$1,998$1,543$1,181$896$445
24 years$2,427$1,872$1,427$1,077$806$385
25 years$2,305$1,757$1,322$984$725$333
26 years$2,193$1,651$1,226$899$653$289
27 years$2,089$1,554$1,138$823$589$251
28 years$1,993$1,464$1,058$754$531$217
29 years$1,903$1,381$985$692$480$189
30 years$1,820$1,305$917$635$433$164
31 years$1,742$1,233$855$583$392$142
32 years$1,669$1,167$798$536$354$124
33 years$1,601$1,105$745$493$321$107
34 years$1,537$1,047$696$453$290$93
35 years$1,477$993$651$417$263$81
36 years$1,420$943$609$384$238$71
37 years$1,366$896$570$354$216$61
38 years$1,316$851$534$326$196$53
39 years$1,268$809$500$301$178$46
40 years$1,222$770$469$278$161$40
41 years$1,179$733$439$256$146$35
42 years$1,138$698$412$236$133$31
43 years$1,099$665$387$218$120$27
44 years$1,062$634$363$201$109$23
45 years$1,027$605$341$186$99$20
46 years$993$577$320$172$90$18
47 years$961$550$301$159$82$15
48 years$930$525$283$147$74$13
49 years$901$502$266$136$67$12
50 years$873$479$250$125$61$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $894,000, adding $3,501 every year, while hoping to spend $33,029 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: 54/39/7 Blend
52$894,000$894,000$894,000$894,000
53$988,799$941,417$927,560$1,040,386
54$1,054,514$952,404$923,491$1,086,658
55$1,125,825$962,822$918,178$1,133,056
56$1,203,268$972,609$911,546$1,182,752
57$1,287,432$981,698$903,513$1,236,064
58$1,378,966$990,017$893,997$1,293,342
59$1,478,583$997,490$882,908$1,354,973
60$1,587,068$1,004,037$870,156$1,421,385
61$1,705,285$1,009,571$855,642$1,493,050
62$1,834,186$1,014,001$839,267$1,570,489
63$1,974,815$1,017,230$820,925$1,654,277
64$2,128,325$1,019,153$800,505$1,745,050
65$2,295,984$1,019,661$777,892$1,843,507
66$2,479,186$1,018,637$752,963$1,950,424
67$2,679,470$1,015,956$725,594$2,066,655
68$2,898,525$1,011,488$695,651$2,193,143
69$3,138,215$1,005,091$662,996$2,330,929
70$3,400,591$996,619$627,484$2,481,164
71$3,687,911$985,913$588,965$2,645,115
72$4,002,663$972,807$547,279$2,824,183
73$4,347,584$957,124$502,263$3,019,914
74$4,725,691$938,677$453,743$3,234,014
75$5,140,308$917,268$401,539$3,468,366
76$5,595,092$892,686$345,463$3,725,048
77$6,094,073$864,710$285,318$4,006,353
78$6,641,692$833,104$220,899$4,314,812
79$7,242,837$797,620$151,992$4,653,218
80$7,902,896$757,992$78,373$5,024,652
81$8,627,801$713,944$0$5,432,514
82$9,424,089$665,179$0$5,880,570
83$10,298,961$611,387$0$6,379,192
84$11,260,348$552,239$0$6,927,108
85$12,316,990$487,385$0$7,529,373
86$13,478,514$416,458$0$8,191,568
87$14,755,527$339,069$0$8,919,845
88$16,159,715$254,807$0$9,720,990
89$17,703,952$163,239$0$10,602,486
90$19,402,424$63,906$0$11,572,589
91$21,270,759$0$0$12,640,399
92$23,326,177$0$0$13,834,700
93$25,587,650$0$0$15,179,000
94$28,076,083$0$0$16,658,314
95$30,814,508$0$0$18,286,347
96$33,828,305$0$0$20,078,198
97$37,145,436$0$0$22,050,508
98$40,796,715$0$0$24,221,610
99$44,816,090$0$0$26,611,705
100$49,240,973$0$0$29,243,055