Can I retire at age 53 with 903,000?

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 $903,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$74,569$73,905$73,257$72,624$72,006$71,284
2 years$36,915$36,228$35,561$34,915$34,289$33,561
3 years$24,366$23,675$23,011$22,371$21,754$21,044
4 years$18,092$17,404$16,746$16,117$15,515$14,828
5 years$14,329$13,645$12,995$12,379$11,794$11,132
6 years$11,821$11,142$10,502$9,900$9,333$8,696
7 years$10,030$9,357$8,727$8,139$7,590$6,979
8 years$8,688$8,021$7,402$6,828$6,297$5,712
9 years$7,644$6,983$6,375$5,816$5,303$4,743
10 years$6,810$6,156$5,558$5,013$4,518$3,984
11 years$6,128$5,480$4,893$4,363$3,886$3,377
12 years$5,560$4,919$4,342$3,827$3,367$2,883
13 years$5,080$4,445$3,880$3,379$2,936$2,476
14 years$4,668$4,040$3,486$2,999$2,574$2,137
15 years$4,312$3,691$3,147$2,675$2,266$1,851
16 years$4,001$3,386$2,854$2,395$2,003$1,610
17 years$3,726$3,119$2,597$2,152$1,776$1,404
18 years$3,483$2,882$2,370$1,939$1,579$1,228
19 years$3,265$2,671$2,170$1,752$1,408$1,076
20 years$3,069$2,482$1,991$1,587$1,257$944
21 years$2,892$2,312$1,832$1,440$1,125$830
22 years$2,732$2,158$1,688$1,310$1,008$731
23 years$2,585$2,018$1,559$1,193$905$645
24 years$2,451$1,891$1,442$1,088$814$569
25 years$2,328$1,775$1,335$993$732$503
26 years$2,215$1,668$1,238$908$660$444
27 years$2,110$1,570$1,150$831$595$393
28 years$2,013$1,479$1,069$762$537$348
29 years$1,922$1,395$995$699$484$308
30 years$1,838$1,318$927$641$438$273
31 years$1,760$1,246$864$589$396$242
32 years$1,686$1,179$806$541$358$215
33 years$1,617$1,116$753$498$324$191
34 years$1,552$1,058$703$458$293$169
35 years$1,492$1,003$657$421$266$150
36 years$1,434$952$615$388$241$133
37 years$1,380$905$576$358$218$119
38 years$1,329$860$539$330$198$105
39 years$1,280$817$505$304$179$94
40 years$1,235$778$473$280$163$83
41 years$1,191$740$444$259$148$74
42 years$1,150$705$416$239$134$66
43 years$1,110$672$391$220$122$58
44 years$1,073$640$367$203$110$52
45 years$1,037$611$344$188$100$46
46 years$1,003$583$323$174$91$41
47 years$971$556$304$160$83$36
48 years$940$531$286$148$75$32
49 years$910$507$268$137$68$29
50 years$882$484$252$127$62$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $903,000, adding $4,187 every year, while hoping to spend $58,438 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: 46/35/19 Blend
52$903,000$903,000$903,000$903,000
53$999,425$951,566$937,569$1,039,797
54$1,039,189$936,015$906,800$1,052,887
55$1,081,050$917,744$873,042$1,060,908
56$1,125,160$896,557$836,132$1,068,384
57$1,171,686$872,247$795,903$1,075,291
58$1,220,808$844,598$752,175$1,081,605
59$1,272,724$813,376$704,766$1,087,305
60$1,327,647$778,337$653,481$1,092,373
61$1,385,813$739,222$598,119$1,096,793
62$1,447,479$695,756$538,469$1,100,552
63$1,512,925$647,651$474,311$1,103,645
64$1,582,457$594,600$405,414$1,106,067
65$1,656,410$536,278$331,538$1,107,825
66$1,735,152$472,344$252,432$1,108,927
67$1,819,084$402,435$167,835$1,109,395
68$1,908,646$326,169$77,473$1,109,257
69$2,004,319$243,143$0$1,108,554
70$2,106,632$152,930$0$1,111,181
71$2,216,165$55,079$0$1,130,375
72$2,333,551$0$0$1,150,557
73$2,459,488$0$0$1,191,496
74$2,594,739$0$0$1,258,317
75$2,740,145$0$0$1,330,230
76$2,896,625$0$0$1,407,701
77$3,065,191$0$0$1,491,240
78$3,246,954$0$0$1,581,408
79$3,443,133$0$0$1,678,823
80$3,655,071$0$0$1,784,161
81$3,884,239$0$0$1,898,168
82$4,132,257$0$0$2,021,662
83$4,400,905$0$0$2,155,544
84$4,692,142$0$0$2,300,803
85$5,008,118$0$0$2,458,529
86$5,351,201$0$0$2,629,919
87$5,723,995$0$0$2,816,290
88$6,129,363$0$0$3,019,092
89$6,570,457$0$0$3,239,919
90$7,050,743$0$0$3,480,526
91$7,574,036$0$0$3,742,845
92$8,144,535$0$0$4,029,000
93$8,766,860$0$0$4,341,330
94$9,446,097$0$0$4,682,412
95$10,187,845$0$0$5,055,080
96$10,998,265$0$0$5,462,454
97$11,884,143$0$0$5,907,970
98$12,852,949$0$0$6,395,412
99$13,912,906$0$0$6,928,946
100$15,073,071$0$0$7,513,157