Can I retire at age 53 with 901,000?

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 $901,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$74,404$73,741$73,094$72,463$71,847$70,281
2 years$36,834$36,148$35,483$34,838$34,213$32,644
3 years$24,312$23,623$22,960$22,321$21,706$20,182
4 years$18,052$17,365$16,709$16,081$15,481$14,014
5 years$14,297$13,615$12,967$12,352$11,768$10,362
6 years$11,795$11,117$10,479$9,878$9,312$7,968
7 years$10,008$9,336$8,708$8,121$7,573$6,292
8 years$8,669$8,003$7,385$6,813$6,283$5,064
9 years$7,628$6,968$6,361$5,803$5,291$4,134
10 years$6,795$6,142$5,546$5,002$4,508$3,411
11 years$6,114$5,468$4,882$4,353$3,877$2,839
12 years$5,548$4,908$4,333$3,818$3,360$2,379
13 years$5,068$4,435$3,871$3,371$2,930$2,004
14 years$4,658$4,031$3,478$2,993$2,568$1,696
15 years$4,302$3,683$3,140$2,669$2,261$1,441
16 years$3,992$3,379$2,847$2,390$1,999$1,228
17 years$3,718$3,112$2,591$2,147$1,772$1,049
18 years$3,475$2,875$2,365$1,935$1,576$898
19 years$3,258$2,665$2,165$1,748$1,404$771
20 years$3,062$2,476$1,987$1,583$1,254$662
21 years$2,886$2,307$1,828$1,437$1,123$570
22 years$2,726$2,153$1,685$1,307$1,006$491
23 years$2,579$2,014$1,555$1,190$903$423
24 years$2,446$1,887$1,438$1,085$812$365
25 years$2,323$1,771$1,332$991$731$315
26 years$2,210$1,664$1,236$906$658$272
27 years$2,105$1,566$1,147$830$593$235
28 years$2,008$1,476$1,067$760$535$203
29 years$1,918$1,392$993$697$483$176
30 years$1,834$1,315$925$640$437$152
31 years$1,756$1,243$862$587$395$132
32 years$1,682$1,176$804$540$357$114
33 years$1,614$1,114$751$496$323$99
34 years$1,549$1,056$702$457$293$86
35 years$1,488$1,001$656$421$265$74
36 years$1,431$950$614$387$240$64
37 years$1,377$903$574$357$218$56
38 years$1,326$858$538$329$197$48
39 years$1,278$816$504$303$179$42
40 years$1,232$776$472$280$162$36
41 years$1,188$739$443$258$147$31
42 years$1,147$704$415$238$134$27
43 years$1,108$670$390$220$121$24
44 years$1,071$639$366$203$110$21
45 years$1,035$609$344$187$100$18
46 years$1,001$581$323$173$91$15
47 years$969$555$303$160$82$13
48 years$938$530$285$148$75$12
49 years$908$506$268$137$68$10
50 years$880$483$252$126$62$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $901,000, adding $4,778 every year, while hoping to spend $58,168 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: 59/35/6 Blend
52$901,000$901,000$901,000$901,000
53$997,831$950,078$936,112$1,055,248
54$1,037,719$934,741$905,581$1,078,960
55$1,079,726$916,703$872,079$1,097,727
56$1,124,008$895,771$835,442$1,116,720
57$1,170,731$871,739$795,505$1,135,963
58$1,220,081$844,389$752,089$1,155,486
59$1,272,258$813,493$705,013$1,175,322
60$1,327,480$778,805$654,082$1,195,513
61$1,385,986$740,070$599,097$1,216,108
62$1,448,038$697,015$539,848$1,237,163
63$1,513,920$649,351$476,116$1,258,745
64$1,583,945$596,775$407,671$1,280,931
65$1,658,455$538,964$334,275$1,303,810
66$1,737,822$475,578$255,678$1,327,484
67$1,822,456$406,257$171,619$1,352,072
68$1,912,805$330,622$81,827$1,377,710
69$2,009,360$248,272$0$1,404,551
70$2,112,659$158,782$0$1,433,667
71$2,223,293$61,704$0$1,470,013
72$2,341,908$0$0$1,508,590
73$2,469,216$0$0$1,566,406
74$2,605,994$0$0$1,654,107
75$2,753,098$0$0$1,748,483
76$2,911,468$0$0$1,850,144
77$3,082,134$0$0$1,959,758
78$3,266,230$0$0$2,078,062
79$3,464,999$0$0$2,205,862
80$3,679,810$0$0$2,344,047
81$3,912,165$0$0$2,493,592
82$4,163,717$0$0$2,655,571
83$4,436,280$0$0$2,831,161
84$4,731,853$0$0$3,021,660
85$5,052,631$0$0$3,228,494
86$5,401,030$0$0$3,453,232
87$5,779,706$0$0$3,697,600
88$6,191,581$0$0$3,963,495
89$6,639,872$0$0$4,253,007
90$7,128,115$0$0$4,568,434
91$7,660,206$0$0$4,912,306
92$8,240,428$0$0$5,287,406
93$8,873,497$0$0$5,696,798
94$9,564,604$0$0$6,143,857
95$10,319,464$0$0$6,632,293
96$11,144,366$0$0$7,166,196
97$12,046,237$0$0$7,750,065
98$13,032,700$0$0$8,388,856
99$14,112,152$0$0$9,088,025
100$15,293,836$0$0$9,853,579