Can I retire at age 53 with 900,000?

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 $900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$74,321$73,659$73,013$72,383$71,767$70,695
2 years$36,793$36,107$35,443$34,799$34,175$33,097
3 years$24,285$23,597$22,934$22,296$21,682$20,632
4 years$18,032$17,346$16,690$16,063$15,464$14,450
5 years$14,281$13,599$12,952$12,338$11,755$10,780
6 years$11,782$11,105$10,467$9,867$9,302$8,366
7 years$9,997$9,326$8,698$8,112$7,565$6,670
8 years$8,659$7,994$7,377$6,805$6,276$5,421
9 years$7,619$6,960$6,354$5,796$5,285$4,470
10 years$6,787$6,135$5,539$4,997$4,503$3,728
11 years$6,108$5,462$4,877$4,348$3,873$3,136
12 years$5,541$4,902$4,328$3,814$3,356$2,657
13 years$5,063$4,430$3,867$3,367$2,927$2,264
14 years$4,653$4,027$3,474$2,989$2,565$1,938
15 years$4,298$3,679$3,137$2,666$2,259$1,666
16 years$3,987$3,375$2,844$2,387$1,996$1,437
17 years$3,714$3,108$2,588$2,145$1,770$1,242
18 years$3,471$2,872$2,362$1,933$1,574$1,077
19 years$3,254$2,662$2,163$1,746$1,403$936
20 years$3,059$2,474$1,985$1,582$1,253$814
21 years$2,883$2,304$1,826$1,436$1,121$709
22 years$2,722$2,151$1,683$1,305$1,005$619
23 years$2,577$2,012$1,554$1,189$902$541
24 years$2,443$1,885$1,437$1,084$811$473
25 years$2,320$1,769$1,331$990$730$414
26 years$2,207$1,662$1,234$905$657$362
27 years$2,103$1,564$1,146$829$593$318
28 years$2,006$1,474$1,065$759$535$278
29 years$1,916$1,391$991$696$483$244
30 years$1,832$1,313$924$639$436$214
31 years$1,754$1,242$861$587$394$188
32 years$1,680$1,175$803$539$357$165
33 years$1,612$1,113$750$496$323$145
34 years$1,547$1,054$701$456$292$128
35 years$1,487$1,000$655$420$265$112
36 years$1,429$949$613$387$240$99
37 years$1,375$902$574$356$217$87
38 years$1,324$857$537$329$197$76
39 years$1,276$815$503$303$179$67
40 years$1,230$775$472$279$162$59
41 years$1,187$738$442$258$147$52
42 years$1,146$703$415$238$133$46
43 years$1,107$670$389$220$121$40
44 years$1,069$638$366$203$110$35
45 years$1,034$609$343$187$100$31
46 years$1,000$581$322$173$91$27
47 years$968$554$303$160$82$24
48 years$937$529$285$148$75$21
49 years$907$505$267$136$68$19
50 years$879$482$251$126$62$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $900,000, adding $6,719 every year, while hoping to spend $35,174 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: 67/13/20 Blend
52$900,000$900,000$900,000$900,000
53$998,731$951,031$937,081$1,060,225
54$1,063,176$960,206$931,048$1,111,423
55$1,133,017$968,653$923,634$1,162,705
56$1,208,764$976,297$914,756$1,217,939
57$1,290,984$983,061$904,327$1,277,514
58$1,380,297$988,863$892,254$1,341,858
59$1,477,385$993,615$878,442$1,411,443
60$1,582,999$997,223$862,790$1,486,791
61$1,697,965$999,588$845,195$1,568,477
62$1,823,194$1,000,604$825,545$1,657,134
63$1,959,685$1,000,159$803,726$1,753,463
64$2,108,540$998,133$779,617$1,858,236
65$2,270,970$994,401$753,094$1,972,305
66$2,448,310$988,828$724,024$2,096,608
67$2,642,029$981,271$692,269$2,232,183
68$2,853,742$971,580$657,687$2,380,173
69$3,085,230$959,594$620,126$2,541,840
70$3,338,453$945,143$579,429$2,718,575
71$3,615,568$928,048$535,433$2,911,912
72$3,918,952$908,118$487,966$3,123,546
73$4,251,220$885,152$436,848$3,355,343
74$4,615,255$858,934$381,893$3,609,363
75$5,014,229$829,241$322,904$3,887,878
76$5,451,638$795,830$259,679$4,193,393
77$5,931,330$758,451$192,003$4,528,673
78$6,457,544$716,834$119,654$4,896,764
79$7,034,951$670,696$42,400$5,301,028
80$7,668,694$619,738$0$5,745,172
81$8,364,438$563,642$0$6,241,830
82$9,128,424$502,074$0$6,797,174
83$9,967,527$434,680$0$7,407,175
84$10,889,321$361,086$0$8,077,373
85$11,902,149$280,896$0$8,813,875
86$13,015,202$193,694$0$9,623,408
87$14,238,606$99,038$0$10,513,390
88$15,583,517$0$0$11,491,992
89$17,062,225$0$0$12,568,728
90$18,688,270$0$0$13,768,389
91$20,476,571$0$0$15,087,821
92$22,443,566$0$0$16,539,160
93$24,607,362$0$0$18,135,775
94$26,987,915$0$0$19,892,398
95$29,607,207$0$0$21,825,260
96$32,489,463$0$0$23,952,245
97$35,661,373$0$0$26,293,058
98$39,152,343$0$0$28,869,411
99$42,994,778$0$0$31,705,227
100$47,224,382$0$0$34,826,867