Can I retire at age 53 with 897,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $897,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$74,073$73,414$72,770$72,142$71,528$70,958
2 years$36,670$35,987$35,325$34,683$34,061$33,487
3 years$24,204$23,518$22,858$22,222$21,610$21,049
4 years$17,972$17,288$16,635$16,010$15,412$14,869
5 years$14,234$13,554$12,909$12,297$11,716$11,192
6 years$11,743$11,068$10,432$9,834$9,271$8,766
7 years$9,964$9,295$8,669$8,085$7,539$7,055
8 years$8,630$7,967$7,352$6,782$6,255$5,790
9 years$7,594$6,937$6,333$5,777$5,267$4,823
10 years$6,765$6,115$5,521$4,980$4,488$4,063
11 years$6,087$5,444$4,861$4,334$3,860$3,454
12 years$5,523$4,886$4,314$3,802$3,345$2,958
13 years$5,046$4,415$3,854$3,356$2,917$2,549
14 years$4,637$4,013$3,463$2,979$2,557$2,207
15 years$4,283$3,666$3,126$2,657$2,251$1,919
16 years$3,974$3,364$2,835$2,379$1,990$1,674
17 years$3,701$3,098$2,579$2,138$1,764$1,465
18 years$3,459$2,863$2,355$1,926$1,569$1,286
19 years$3,243$2,653$2,156$1,741$1,398$1,131
20 years$3,049$2,465$1,978$1,576$1,249$996
21 years$2,873$2,296$1,820$1,431$1,118$879
22 years$2,713$2,144$1,677$1,301$1,002$777
23 years$2,568$2,005$1,548$1,185$899$688
24 years$2,435$1,878$1,432$1,081$808$609
25 years$2,313$1,763$1,326$987$727$540
26 years$2,200$1,657$1,230$902$655$480
27 years$2,096$1,559$1,142$826$591$426
28 years$1,999$1,469$1,062$757$533$379
29 years$1,909$1,386$988$694$481$337
30 years$1,826$1,309$920$637$435$300
31 years$1,748$1,237$858$585$393$267
32 years$1,675$1,171$801$538$356$238
33 years$1,606$1,109$748$494$322$212
34 years$1,542$1,051$698$455$291$189
35 years$1,482$997$653$419$264$168
36 years$1,425$946$611$386$239$150
37 years$1,371$899$572$355$217$134
38 years$1,320$854$535$327$196$119
39 years$1,272$812$502$302$178$107
40 years$1,226$773$470$278$162$95
41 years$1,183$735$441$257$147$85
42 years$1,142$700$414$237$133$76
43 years$1,103$667$388$219$121$68
44 years$1,066$636$364$202$110$60
45 years$1,030$607$342$187$99$54
46 years$997$579$321$172$90$48
47 years$964$552$302$159$82$43
48 years$933$527$284$147$74$38
49 years$904$503$267$136$68$34
50 years$876$481$251$126$61$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $897,000, adding $5,021 every year, while hoping to spend $29,116 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: 60/33/7 Blend
52$897,000$897,000$897,000$897,000
53$993,673$946,132$932,229$1,051,568
54$1,064,049$961,513$932,479$1,106,326
55$1,140,627$976,673$931,762$1,162,233
56$1,224,009$991,568$930,015$1,222,475
57$1,314,858$1,006,155$927,170$1,287,471
58$1,413,902$1,020,385$923,159$1,357,681
59$1,521,945$1,034,209$917,910$1,433,612
60$1,639,868$1,047,570$911,344$1,515,824
61$1,768,644$1,060,410$903,384$1,604,933
62$1,909,342$1,072,667$893,944$1,701,620
63$2,063,142$1,084,274$882,937$1,806,633
64$2,231,338$1,095,160$870,272$1,920,800
65$2,415,361$1,105,248$855,852$2,045,030
66$2,616,780$1,114,458$839,576$2,180,329
67$2,837,329$1,122,704$821,339$2,327,804
68$3,078,913$1,129,893$801,030$2,488,675
69$3,343,633$1,135,928$778,535$2,664,290
70$3,633,800$1,140,705$753,732$2,856,131
71$3,951,961$1,144,113$726,496$3,065,836
72$4,300,921$1,146,035$696,694$3,295,210
73$4,683,770$1,146,345$664,188$3,546,241
74$5,103,910$1,144,912$628,834$3,821,124
75$5,565,090$1,141,594$590,481$4,122,278
76$6,071,439$1,136,241$548,972$4,452,369
77$6,627,504$1,128,696$504,141$4,814,338
78$7,238,297$1,118,790$455,817$5,211,428
79$7,909,336$1,106,343$403,820$5,647,213
80$8,646,703$1,091,169$347,962$6,125,634
81$9,457,095$1,073,064$288,048$6,651,038
82$10,347,893$1,051,819$223,872$7,228,216
83$11,327,227$1,027,206$155,220$7,862,450
84$12,404,054$998,989$81,870$8,559,565
85$13,588,243$966,915$3,588$9,325,982
86$14,890,667$930,717$0$10,168,780
87$16,323,305$890,113$0$11,101,735
88$17,899,357$844,804$0$12,128,156
89$19,633,366$794,473$0$13,257,280
90$21,541,353$738,786$0$14,499,586
91$23,640,976$677,391$0$15,866,625
92$25,951,685$609,913$0$17,371,130
93$28,494,915$535,957$0$19,027,136
94$31,294,284$455,107$0$20,850,115
95$34,375,815$366,921$0$22,857,120
96$37,768,182$270,933$0$25,066,951
97$41,502,979$166,652$0$27,500,326
98$45,615,024$53,559$0$30,180,088
99$50,142,677$0$0$33,131,410
100$55,128,210$0$0$36,407,061