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%15.5%
1 years$73,908$73,250$72,608$71,981$71,369$69,757
2 years$36,588$35,907$35,246$34,606$33,985$32,370
3 years$24,150$23,466$22,807$22,172$21,561$19,993
4 years$17,932$17,250$16,597$15,974$15,378$13,869
5 years$14,202$13,524$12,880$12,270$11,690$10,244
6 years$11,716$11,043$10,409$9,812$9,250$7,869
7 years$9,942$9,274$8,650$8,067$7,523$6,207
8 years$8,611$7,950$7,336$6,767$6,241$4,989
9 years$7,577$6,922$6,318$5,764$5,256$4,068
10 years$6,750$6,101$5,509$4,969$4,478$3,353
11 years$6,074$5,431$4,850$4,324$3,851$2,787
12 years$5,511$4,875$4,304$3,793$3,337$2,332
13 years$5,035$4,406$3,845$3,349$2,910$1,962
14 years$4,627$4,004$3,455$2,973$2,551$1,659
15 years$4,274$3,658$3,119$2,651$2,246$1,407
16 years$3,965$3,356$2,828$2,374$1,985$1,197
17 years$3,693$3,091$2,574$2,133$1,760$1,021
18 years$3,452$2,856$2,349$1,922$1,565$873
19 years$3,236$2,647$2,151$1,737$1,395$748
20 years$3,042$2,460$1,974$1,573$1,246$642
21 years$2,867$2,291$1,816$1,428$1,115$551
22 years$2,707$2,139$1,673$1,298$1,000$474
23 years$2,562$2,000$1,545$1,182$897$408
24 years$2,429$1,874$1,429$1,078$806$351
25 years$2,307$1,759$1,323$985$726$303
26 years$2,195$1,653$1,227$900$654$261
27 years$2,091$1,556$1,140$824$589$226
28 years$1,995$1,466$1,060$755$532$195
29 years$1,905$1,383$986$692$480$168
30 years$1,822$1,306$918$635$434$145
31 years$1,744$1,235$856$584$392$126
32 years$1,671$1,168$799$536$355$109
33 years$1,603$1,106$746$493$321$94
34 years$1,539$1,049$697$454$291$81
35 years$1,478$995$652$418$263$70
36 years$1,421$944$610$385$239$61
37 years$1,368$897$571$354$216$53
38 years$1,317$852$534$327$196$45
39 years$1,269$810$501$301$178$39
40 years$1,224$771$469$278$161$34
41 years$1,180$734$440$256$146$29
42 years$1,139$699$413$237$133$25
43 years$1,100$666$387$218$120$22
44 years$1,063$635$363$202$109$19
45 years$1,028$605$341$186$99$17
46 years$994$577$321$172$90$14
47 years$962$551$301$159$82$12
48 years$931$526$283$147$74$11
49 years$902$502$266$136$68$9
50 years$874$480$250$125$61$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $895,000, adding $2,992 every year, while hoping to spend $25,043 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: 52/34/14 Blend
52$895,000$895,000$895,000$895,000
53$989,376$941,941$928,069$1,036,958
54$1,063,647$961,451$932,513$1,089,331
55$1,144,654$981,077$936,268$1,143,357
56$1,233,058$1,000,799$939,282$1,201,550
57$1,329,586$1,020,595$941,504$1,264,313
58$1,435,039$1,040,439$942,880$1,332,087
59$1,550,298$1,060,305$943,351$1,405,360
60$1,676,334$1,080,165$942,858$1,484,668
61$1,814,213$1,099,987$941,338$1,570,603
62$1,965,114$1,119,737$938,724$1,663,819
63$2,130,331$1,139,380$934,946$1,765,034
64$2,311,290$1,158,875$929,932$1,875,041
65$2,509,563$1,178,181$923,606$1,994,715
66$2,726,879$1,197,252$915,888$2,125,018
67$2,965,144$1,216,040$906,693$2,267,015
68$3,226,455$1,234,493$895,934$2,421,875
69$3,513,124$1,252,554$883,518$2,590,889
70$3,827,697$1,270,164$869,351$2,775,482
71$4,172,978$1,287,257$853,330$2,977,223
72$4,552,056$1,303,767$835,350$3,197,842
73$4,968,332$1,319,618$815,301$3,439,247
74$5,425,556$1,334,734$793,068$3,703,542
75$5,927,856$1,349,029$768,529$3,993,044
76$6,479,781$1,362,415$741,558$4,310,310
77$7,086,341$1,374,796$712,023$4,658,159
78$7,753,058$1,386,070$679,785$5,039,699
79$8,486,013$1,396,131$644,701$5,458,355
80$9,291,907$1,404,862$606,619$5,917,904
81$10,178,122$1,412,141$565,381$6,422,510
82$11,152,792$1,417,837$520,823$6,976,763
83$12,224,878$1,421,813$472,772$7,585,726
84$13,404,254$1,423,919$421,048$8,254,976
85$14,701,798$1,424,001$365,463$8,990,666
86$16,129,496$1,421,892$305,821$9,799,575
87$17,700,554$1,417,415$241,916$10,689,180
88$19,429,525$1,410,383$173,535$11,667,721
89$21,332,442$1,400,597$100,454$12,744,283
90$23,426,972$1,387,846$22,439$13,928,882
91$25,732,579$1,371,908$0$15,232,556
92$28,270,715$1,352,543$0$16,676,561
93$31,065,013$1,329,503$0$18,269,397
94$34,141,515$1,302,520$0$20,022,534
95$37,528,919$1,271,313$0$21,952,318
96$41,258,845$1,235,583$0$24,076,761
97$45,366,136$1,195,015$0$26,415,716
98$49,889,185$1,149,274$0$28,991,066
99$54,870,299$1,098,006$0$31,826,928
100$60,356,099$1,040,838$0$34,949,883