Can I retire at age 53 with 895,000?

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 $895,000?

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$73,908$73,250$72,608$71,981$71,369$69,928
2 years$36,588$35,907$35,246$34,606$33,985$32,540
3 years$24,150$23,466$22,807$22,172$21,561$20,157
4 years$17,932$17,250$16,597$15,974$15,378$14,024
5 years$14,202$13,524$12,880$12,270$11,690$10,392
6 years$11,716$11,043$10,409$9,812$9,250$8,009
7 years$9,942$9,274$8,650$8,067$7,523$6,338
8 years$8,611$7,950$7,336$6,767$6,241$5,113
9 years$7,577$6,922$6,318$5,764$5,256$4,184
10 years$6,750$6,101$5,509$4,969$4,478$3,461
11 years$6,074$5,431$4,850$4,324$3,851$2,888
12 years$5,511$4,875$4,304$3,793$3,337$2,426
13 years$5,035$4,406$3,845$3,349$2,910$2,050
14 years$4,627$4,004$3,455$2,973$2,551$1,739
15 years$4,274$3,658$3,119$2,651$2,246$1,482
16 years$3,965$3,356$2,828$2,374$1,985$1,266
17 years$3,693$3,091$2,574$2,133$1,760$1,085
18 years$3,452$2,856$2,349$1,922$1,565$932
19 years$3,236$2,647$2,151$1,737$1,395$802
20 years$3,042$2,460$1,974$1,573$1,246$691
21 years$2,867$2,291$1,816$1,428$1,115$596
22 years$2,707$2,139$1,673$1,298$1,000$515
23 years$2,562$2,000$1,545$1,182$897$445
24 years$2,429$1,874$1,429$1,078$806$385
25 years$2,307$1,759$1,323$985$726$334
26 years$2,195$1,653$1,227$900$654$289
27 years$2,091$1,556$1,140$824$589$251
28 years$1,995$1,466$1,060$755$532$218
29 years$1,905$1,383$986$692$480$189
30 years$1,822$1,306$918$635$434$164
31 years$1,744$1,235$856$584$392$142
32 years$1,671$1,168$799$536$355$124
33 years$1,603$1,106$746$493$321$108
34 years$1,539$1,049$697$454$291$94
35 years$1,478$995$652$418$263$81
36 years$1,421$944$610$385$239$71
37 years$1,368$897$571$354$216$61
38 years$1,317$852$534$327$196$53
39 years$1,269$810$501$301$178$46
40 years$1,224$771$469$278$161$40
41 years$1,180$734$440$256$146$35
42 years$1,139$699$413$237$133$31
43 years$1,100$666$387$218$120$27
44 years$1,063$635$363$202$109$23
45 years$1,028$605$341$186$99$20
46 years$994$577$321$172$90$18
47 years$962$551$301$159$82$15
48 years$931$526$283$147$74$13
49 years$902$502$266$136$68$12
50 years$874$480$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 $895,000, adding $6,081 every year, while hoping to spend $33,921 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: 40/50/10 Blend
52$895,000$895,000$895,000$895,000
53$992,563$945,128$931,255$1,029,056
54$1,057,712$955,347$926,360$1,065,536
55$1,128,370$964,931$920,165$1,101,147
56$1,205,063$973,811$912,589$1,138,908
57$1,288,368$981,917$903,550$1,179,029
58$1,378,923$989,172$892,960$1,221,742
59$1,477,428$995,496$880,729$1,267,304
60$1,584,652$1,000,802$866,760$1,315,999
61$1,701,444$1,004,998$850,954$1,368,143
62$1,828,736$1,007,988$833,205$1,424,084
63$1,967,555$1,009,667$813,405$1,484,209
64$2,119,030$1,009,926$791,439$1,548,948
65$2,284,406$1,008,646$767,187$1,618,775
66$2,465,050$1,005,705$740,523$1,694,215
67$2,662,471$1,000,971$711,317$1,775,849
68$2,878,328$994,303$679,430$1,864,323
69$3,114,447$985,553$644,720$1,960,348
70$3,372,839$974,564$607,038$2,064,714
71$3,655,721$961,170$566,225$2,178,293
72$3,965,530$945,193$522,119$2,302,050
73$4,304,953$926,446$474,549$2,437,055
74$4,676,947$904,731$423,336$2,584,489
75$5,084,771$879,838$368,293$2,745,658
76$5,532,013$851,545$309,225$2,922,007
77$6,022,623$819,616$245,930$3,115,134
78$6,560,956$783,803$178,194$3,326,806
79$7,151,806$743,841$105,796$3,558,975
80$7,800,454$699,453$28,503$3,813,798
81$8,512,717$650,343$0$4,093,662
82$9,295,005$596,201$0$4,406,961
83$10,154,377$536,696$0$4,754,468
84$11,098,610$471,481$0$5,136,384
85$12,136,272$400,188$0$5,556,292
86$13,276,803$322,427$0$6,018,149
87$14,530,600$237,790$0$6,526,324
88$15,909,121$145,841$0$7,085,639
89$17,424,988$46,124$0$7,701,418
90$19,092,106$0$0$8,379,537
91$20,925,799$0$0$9,160,510
92$22,942,947$0$0$10,047,666
93$25,162,149$0$0$11,023,824
94$27,603,899$0$0$12,098,017
95$30,290,777$0$0$13,280,194
96$33,247,662$0$0$14,581,322
97$36,501,967$0$0$16,013,481
98$40,083,896$0$0$17,589,983
99$44,026,732$0$0$19,325,496
100$48,367,148$0$0$21,236,185