Can I retire at age 53 with 904,000?

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 $904,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$74,651$73,987$73,338$72,705$72,086$70,201
2 years$36,956$36,268$35,601$34,954$34,327$32,440
3 years$24,393$23,701$23,036$22,395$21,778$19,950
4 years$18,112$17,423$16,764$16,135$15,532$13,776
5 years$14,345$13,660$13,010$12,393$11,808$10,127
6 years$11,834$11,154$10,514$9,911$9,343$7,741
7 years$10,042$9,367$8,737$8,148$7,598$6,075
8 years$8,698$8,030$7,410$6,835$6,304$4,858
9 years$7,653$6,991$6,382$5,822$5,308$3,939
10 years$6,818$6,162$5,564$5,019$4,523$3,229
11 years$6,135$5,486$4,898$4,368$3,890$2,668
12 years$5,566$4,924$4,347$3,831$3,371$2,220
13 years$5,085$4,450$3,884$3,382$2,940$1,857
14 years$4,673$4,045$3,490$3,002$2,577$1,560
15 years$4,317$3,695$3,151$2,678$2,269$1,315
16 years$4,005$3,390$2,857$2,398$2,005$1,112
17 years$3,730$3,122$2,599$2,154$1,778$942
18 years$3,486$2,885$2,373$1,941$1,581$800
19 years$3,268$2,674$2,172$1,754$1,409$681
20 years$3,072$2,485$1,994$1,589$1,259$580
21 years$2,895$2,314$1,834$1,442$1,126$495
22 years$2,735$2,160$1,690$1,311$1,010$423
23 years$2,588$2,021$1,561$1,194$906$361
24 years$2,454$1,893$1,443$1,089$815$309
25 years$2,331$1,777$1,337$995$733$264
26 years$2,217$1,670$1,240$909$660$226
27 years$2,112$1,571$1,151$832$595$194
28 years$2,015$1,481$1,070$763$537$166
29 years$1,924$1,397$996$699$485$143
30 years$1,840$1,319$928$642$438$122
31 years$1,762$1,247$865$589$396$105
32 years$1,688$1,180$807$542$358$90
33 years$1,619$1,117$753$498$324$77
34 years$1,554$1,059$704$458$294$66
35 years$1,493$1,005$658$422$266$57
36 years$1,436$953$616$389$241$49
37 years$1,382$906$576$358$218$42
38 years$1,330$861$540$330$198$36
39 years$1,282$818$506$304$180$31
40 years$1,236$779$474$281$163$27
41 years$1,192$741$444$259$148$23
42 years$1,151$706$417$239$134$20
43 years$1,112$673$391$221$122$17
44 years$1,074$641$367$204$110$14
45 years$1,038$611$345$188$100$12
46 years$1,004$583$324$174$91$11
47 years$972$557$304$161$83$9
48 years$941$531$286$148$75$8
49 years$911$507$269$137$68$7
50 years$883$485$253$127$62$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $904,000, adding $5,273 every year, while hoping to spend $25,326 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: 54/22/24 Blend
52$904,000$904,000$904,000$904,000
53$1,001,647$953,735$939,723$1,048,850
54$1,076,868$973,521$944,257$1,101,697
55$1,158,914$993,429$948,094$1,156,129
56$1,248,452$1,013,435$951,184$1,214,860
57$1,346,220$1,033,520$953,475$1,278,309
58$1,453,028$1,053,656$954,911$1,346,941
59$1,569,770$1,073,819$955,433$1,421,266
60$1,697,429$1,093,978$954,982$1,501,847
61$1,837,086$1,114,103$953,494$1,589,305
62$1,989,934$1,134,159$950,901$1,684,325
63$2,157,285$1,154,110$947,133$1,787,662
64$2,340,583$1,173,916$942,118$1,900,149
65$2,541,420$1,193,536$935,776$2,022,703
66$2,761,549$1,212,922$928,028$2,156,338
67$3,002,899$1,232,028$918,789$2,302,169
68$3,267,596$1,250,799$907,971$2,461,428
69$3,557,982$1,269,180$895,479$2,635,471
70$3,876,636$1,287,109$881,218$2,825,796
71$4,226,399$1,304,523$865,084$3,034,053
72$4,610,399$1,321,353$846,972$3,262,061
73$5,032,084$1,337,523$826,770$3,511,828
74$5,495,251$1,352,956$804,360$3,785,565
75$6,004,082$1,367,566$779,622$4,085,713
76$6,563,186$1,381,264$752,427$4,414,961
77$7,177,639$1,393,955$722,642$4,776,274
78$7,853,034$1,405,534$690,126$5,172,924
79$8,595,533$1,415,895$654,735$5,608,514
80$9,411,924$1,424,920$616,314$6,087,021
81$10,309,685$1,432,486$574,706$6,612,827
82$11,297,057$1,438,462$529,742$7,190,763
83$12,383,117$1,442,707$481,250$7,826,158
84$13,577,870$1,445,075$429,046$8,524,883
85$14,892,335$1,445,406$372,942$9,293,414
86$16,338,656$1,443,533$312,738$10,138,890
87$17,930,211$1,439,278$248,227$11,069,178
88$19,681,743$1,432,453$179,193$12,092,956
89$21,609,494$1,422,857$105,409$13,219,787
90$23,731,363$1,410,278$26,641$14,460,213
91$26,067,070$1,394,489$0$15,825,859
92$28,638,345$1,375,253$0$17,344,239
93$31,469,132$1,352,316$0$19,023,010
94$34,585,814$1,325,410$0$20,870,980
95$38,017,462$1,294,251$0$22,905,383
96$41,796,112$1,258,537$0$25,145,213
97$45,957,061$1,217,951$0$27,611,400
98$50,539,206$1,172,155$0$30,327,013
99$55,585,407$1,120,793$0$33,317,474
100$61,142,893$1,063,487$0$36,610,801