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%19.2%
1 years$74,404$73,741$73,094$72,463$71,847$69,188
2 years$36,834$36,148$35,483$34,838$34,213$31,564
3 years$24,312$23,623$22,960$22,321$21,706$19,150
4 years$18,052$17,365$16,709$16,081$15,481$13,038
5 years$14,297$13,615$12,967$12,352$11,768$9,445
6 years$11,795$11,117$10,479$9,878$9,312$7,109
7 years$10,008$9,336$8,708$8,121$7,573$5,491
8 years$8,669$8,003$7,385$6,813$6,283$4,319
9 years$7,628$6,968$6,361$5,803$5,291$3,443
10 years$6,795$6,142$5,546$5,002$4,508$2,773
11 years$6,114$5,468$4,882$4,353$3,877$2,250
12 years$5,548$4,908$4,333$3,818$3,360$1,838
13 years$5,068$4,435$3,871$3,371$2,930$1,508
14 years$4,658$4,031$3,478$2,993$2,568$1,242
15 years$4,302$3,683$3,140$2,669$2,261$1,027
16 years$3,992$3,379$2,847$2,390$1,999$851
17 years$3,718$3,112$2,591$2,147$1,772$707
18 years$3,475$2,875$2,365$1,935$1,576$588
19 years$3,258$2,665$2,165$1,748$1,404$490
20 years$3,062$2,476$1,987$1,583$1,254$408
21 years$2,886$2,307$1,828$1,437$1,123$341
22 years$2,726$2,153$1,685$1,307$1,006$285
23 years$2,579$2,014$1,555$1,190$903$238
24 years$2,446$1,887$1,438$1,085$812$199
25 years$2,323$1,771$1,332$991$731$167
26 years$2,210$1,664$1,236$906$658$140
27 years$2,105$1,566$1,147$830$593$117
28 years$2,008$1,476$1,067$760$535$98
29 years$1,918$1,392$993$697$483$82
30 years$1,834$1,315$925$640$437$69
31 years$1,756$1,243$862$587$395$58
32 years$1,682$1,176$804$540$357$48
33 years$1,614$1,114$751$496$323$41
34 years$1,549$1,056$702$457$293$34
35 years$1,488$1,001$656$421$265$28
36 years$1,431$950$614$387$240$24
37 years$1,377$903$574$357$218$20
38 years$1,326$858$538$329$197$17
39 years$1,278$816$504$303$179$14
40 years$1,232$776$472$280$162$12
41 years$1,188$739$443$258$147$10
42 years$1,147$704$415$238$134$8
43 years$1,108$670$390$220$121$7
44 years$1,071$639$366$203$110$6
45 years$1,035$609$344$187$100$5
46 years$1,001$581$323$173$91$4
47 years$969$555$303$160$82$3
48 years$938$530$285$148$75$3
49 years$908$506$268$137$68$2
50 years$880$483$252$126$62$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $901,000, adding $2,396 every year, while hoping to spend $58,300 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: 51/32/17 Blend
52$901,000$901,000$901,000$901,000
53$995,373$947,620$933,655$1,041,374
54$1,034,871$932,023$902,902$1,057,668
55$1,076,443$913,708$869,164$1,069,100
56$1,120,240$892,479$832,281$1,080,256
57$1,166,425$868,131$792,083$1,091,130
58$1,215,177$840,446$748,394$1,101,718
59$1,266,689$809,192$701,030$1,112,018
60$1,321,174$774,125$649,797$1,122,034
61$1,378,862$734,986$594,494$1,131,774
62$1,440,007$691,501$534,910$1,141,252
63$1,504,885$643,382$470,827$1,150,486
64$1,573,797$590,321$402,013$1,159,504
65$1,647,074$531,996$328,230$1,168,341
66$1,725,076$468,065$249,227$1,177,041
67$1,808,200$398,166$164,742$1,185,659
68$1,896,878$321,918$74,502$1,194,263
69$1,991,585$238,918$0$1,202,934
70$2,092,841$148,739$0$1,215,724
71$2,201,215$50,931$0$1,243,472
72$2,317,333$0$0$1,272,842
73$2,441,881$0$0$1,323,410
74$2,575,609$0$0$1,397,026
75$2,719,345$0$0$1,476,217
76$2,873,994$0$0$1,561,491
77$3,040,551$0$0$1,653,407
78$3,220,110$0$0$1,752,576
79$3,413,870$0$0$1,859,672
80$3,623,152$0$0$1,975,434
81$3,849,403$0$0$2,100,675
82$4,094,218$0$0$2,236,288
83$4,359,348$0$0$2,383,257
84$4,646,717$0$0$2,542,661
85$4,958,444$0$0$2,715,688
86$5,296,857$0$0$2,903,644
87$5,664,516$0$0$3,107,967
88$6,064,239$0$0$3,330,238
89$6,499,125$0$0$3,572,196
90$6,972,583$0$0$3,835,755
91$7,488,367$0$0$4,123,022
92$8,050,605$0$0$4,436,315
93$8,663,842$0$0$4,778,185
94$9,333,079$0$0$5,151,441
95$10,063,822$0$0$5,559,174
96$10,862,132$0$0$6,004,789
97$11,734,682$0$0$6,492,031
98$12,688,817$0$0$7,025,026
99$13,732,625$0$0$7,608,318
100$14,875,013$0$0$8,246,907