Can I retire at age 53 with 897,000?

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 $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%12.3%
1 years$74,073$73,414$72,770$72,142$71,528$70,840
2 years$36,670$35,987$35,325$34,683$34,061$33,368
3 years$24,204$23,518$22,858$22,222$21,610$20,933
4 years$17,972$17,288$16,635$16,010$15,412$14,757
5 years$14,234$13,554$12,909$12,297$11,716$11,085
6 years$11,743$11,068$10,432$9,834$9,271$8,663
7 years$9,964$9,295$8,669$8,085$7,539$6,957
8 years$8,630$7,967$7,352$6,782$6,255$5,697
9 years$7,594$6,937$6,333$5,777$5,267$4,734
10 years$6,765$6,115$5,521$4,980$4,488$3,979
11 years$6,087$5,444$4,861$4,334$3,860$3,374
12 years$5,523$4,886$4,314$3,802$3,345$2,882
13 years$5,046$4,415$3,854$3,356$2,917$2,477
14 years$4,637$4,013$3,463$2,979$2,557$2,139
15 years$4,283$3,666$3,126$2,657$2,251$1,855
16 years$3,974$3,364$2,835$2,379$1,990$1,614
17 years$3,701$3,098$2,579$2,138$1,764$1,409
18 years$3,459$2,863$2,355$1,926$1,569$1,233
19 years$3,243$2,653$2,156$1,741$1,398$1,081
20 years$3,049$2,465$1,978$1,576$1,249$950
21 years$2,873$2,296$1,820$1,431$1,118$836
22 years$2,713$2,144$1,677$1,301$1,002$736
23 years$2,568$2,005$1,548$1,185$899$650
24 years$2,435$1,878$1,432$1,081$808$574
25 years$2,313$1,763$1,326$987$727$507
26 years$2,200$1,657$1,230$902$655$449
27 years$2,096$1,559$1,142$826$591$397
28 years$1,999$1,469$1,062$757$533$352
29 years$1,909$1,386$988$694$481$312
30 years$1,826$1,309$920$637$435$277
31 years$1,748$1,237$858$585$393$246
32 years$1,675$1,171$801$538$356$218
33 years$1,606$1,109$748$494$322$194
34 years$1,542$1,051$698$455$291$172
35 years$1,482$997$653$419$264$153
36 years$1,425$946$611$386$239$136
37 years$1,371$899$572$355$217$121
38 years$1,320$854$535$327$196$107
39 years$1,272$812$502$302$178$96
40 years$1,226$773$470$278$162$85
41 years$1,183$735$441$257$147$76
42 years$1,142$700$414$237$133$67
43 years$1,103$667$388$219$121$60
44 years$1,066$636$364$202$110$53
45 years$1,030$607$342$187$99$47
46 years$997$579$321$172$90$42
47 years$964$552$302$159$82$38
48 years$933$527$284$147$74$33
49 years$904$503$267$136$68$30
50 years$876$481$251$126$61$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $897,000, adding $3,383 every year, while hoping to spend $42,464 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: 34/44/22 Blend
52$897,000$897,000$897,000$897,000
53$991,984$944,443$930,539$1,018,948
54$1,047,985$945,539$916,531$1,040,347
55$1,108,274$945,266$900,630$1,059,286
56$1,173,246$943,511$882,728$1,078,843
57$1,243,330$940,156$862,713$1,099,099
58$1,319,001$935,075$840,465$1,120,146
59$1,400,779$928,134$815,860$1,142,091
60$1,489,236$919,190$788,770$1,165,053
61$1,585,002$908,094$759,057$1,189,166
62$1,688,767$894,686$726,581$1,214,585
63$1,801,293$878,797$691,193$1,241,482
64$1,923,415$860,248$652,738$1,270,053
65$2,056,052$838,849$611,054$1,300,519
66$2,200,217$814,400$565,971$1,333,127
67$2,357,022$786,688$517,314$1,368,156
68$2,527,690$755,489$464,896$1,405,918
69$2,713,570$720,563$408,526$1,446,766
70$2,916,143$681,660$348,001$1,491,093
71$3,137,042$638,513$283,110$1,539,339
72$3,378,060$590,840$213,635$1,591,997
73$3,641,175$538,344$139,344$1,649,617
74$3,928,563$480,711$60,000$1,712,817
75$4,242,617$417,607$0$1,782,282
76$4,585,976$348,681$0$1,864,572
77$4,961,541$273,562$0$1,970,156
78$5,372,509$191,857$0$2,085,950
79$5,822,400$103,154$0$2,213,083
80$6,315,090$7,013$0$2,352,803
81$6,854,846$0$0$2,506,497
82$7,446,370$0$0$2,722,677
83$8,094,837$0$0$2,963,524
84$8,805,950$0$0$3,227,776
85$9,585,987$0$0$3,517,784
86$10,441,866$0$0$3,836,137
87$11,381,204$0$0$4,185,687
88$12,412,395$0$0$4,569,577
89$13,544,682$0$0$4,991,268
90$14,788,248$0$0$5,454,572
91$16,154,312$0$0$5,963,691
92$17,655,230$0$0$6,523,251
93$19,304,617$0$0$7,138,351
94$21,117,471$0$0$7,814,608
95$23,110,315$0$0$8,558,210
96$25,301,353$0$0$9,375,974
97$27,710,641$0$0$10,275,412
98$30,360,276$0$0$11,264,800
99$33,274,604$0$0$12,353,257
100$36,480,446$0$0$13,550,829