Can I retire at age 53 with 904,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%12.7%
1 years$74,651$73,987$73,338$72,705$72,086$71,274
2 years$36,956$36,268$35,601$34,954$34,327$33,509
3 years$24,393$23,701$23,036$22,395$21,778$20,981
4 years$18,112$17,423$16,764$16,135$15,532$14,761
5 years$14,345$13,660$13,010$12,393$11,808$11,064
6 years$11,834$11,154$10,514$9,911$9,343$8,629
7 years$10,042$9,367$8,737$8,148$7,598$6,914
8 years$8,698$8,030$7,410$6,835$6,304$5,649
9 years$7,653$6,991$6,382$5,822$5,308$4,683
10 years$6,818$6,162$5,564$5,019$4,523$3,926
11 years$6,135$5,486$4,898$4,368$3,890$3,321
12 years$5,566$4,924$4,347$3,831$3,371$2,830
13 years$5,085$4,450$3,884$3,382$2,940$2,426
14 years$4,673$4,045$3,490$3,002$2,577$2,089
15 years$4,317$3,695$3,151$2,678$2,269$1,807
16 years$4,005$3,390$2,857$2,398$2,005$1,568
17 years$3,730$3,122$2,599$2,154$1,778$1,365
18 years$3,486$2,885$2,373$1,941$1,581$1,191
19 years$3,268$2,674$2,172$1,754$1,409$1,041
20 years$3,072$2,485$1,994$1,589$1,259$912
21 years$2,895$2,314$1,834$1,442$1,126$800
22 years$2,735$2,160$1,690$1,311$1,010$703
23 years$2,588$2,021$1,561$1,194$906$618
24 years$2,454$1,893$1,443$1,089$815$544
25 years$2,331$1,777$1,337$995$733$480
26 years$2,217$1,670$1,240$909$660$423
27 years$2,112$1,571$1,151$832$595$374
28 years$2,015$1,481$1,070$763$537$330
29 years$1,924$1,397$996$699$485$292
30 years$1,840$1,319$928$642$438$258
31 years$1,762$1,247$865$589$396$228
32 years$1,688$1,180$807$542$358$202
33 years$1,619$1,117$753$498$324$179
34 years$1,554$1,059$704$458$294$158
35 years$1,493$1,005$658$422$266$140
36 years$1,436$953$616$389$241$124
37 years$1,382$906$576$358$218$110
38 years$1,330$861$540$330$198$97
39 years$1,282$818$506$304$180$86
40 years$1,236$779$474$281$163$76
41 years$1,192$741$444$259$148$68
42 years$1,151$706$417$239$134$60
43 years$1,112$673$391$221$122$53
44 years$1,074$641$367$204$110$47
45 years$1,038$611$345$188$100$42
46 years$1,004$583$324$174$91$37
47 years$972$557$304$161$83$33
48 years$941$531$286$148$75$29
49 years$911$507$269$137$68$26
50 years$883$485$253$127$62$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $904,000, adding $6,605 every year, while hoping to spend $21,249 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: 72/10/18 Blend
52$904,000$904,000$904,000$904,000
53$1,003,021$955,109$941,097$1,070,525
54$1,082,720$979,301$950,015$1,140,441
55$1,169,837$1,003,965$958,520$1,213,792
56$1,265,105$1,029,104$966,574$1,293,579
57$1,369,332$1,054,717$974,141$1,380,436
58$1,483,409$1,080,803$981,180$1,475,061
59$1,608,316$1,107,361$987,649$1,578,224
60$1,745,131$1,134,389$993,502$1,690,773
61$1,895,044$1,161,884$998,694$1,813,642
62$2,059,363$1,189,840$1,003,174$1,947,860
63$2,239,530$1,218,254$1,006,893$2,094,561
64$2,437,132$1,247,119$1,009,794$2,254,994
65$2,653,919$1,276,427$1,011,821$2,430,534
66$2,891,816$1,306,170$1,012,914$2,622,699
67$3,152,945$1,336,336$1,013,011$2,833,160
68$3,439,644$1,366,915$1,012,045$3,063,756
69$3,754,486$1,397,893$1,009,948$3,316,517
70$4,100,309$1,429,254$1,006,646$3,593,677
71$4,480,235$1,460,983$1,002,064$3,897,701
72$4,897,708$1,493,060$996,121$4,231,301
73$5,356,518$1,525,463$988,735$4,597,470
74$5,860,843$1,558,171$979,818$4,999,502
75$6,415,285$1,591,157$969,278$5,441,029
76$7,024,914$1,624,394$957,019$5,926,055
77$7,695,316$1,657,850$942,940$6,458,988
78$8,432,646$1,691,492$926,936$7,044,689
79$9,243,684$1,725,284$908,896$7,688,515
80$10,135,902$1,759,185$888,706$8,396,367
81$11,117,530$1,793,152$866,245$9,174,749
82$12,197,640$1,827,138$841,386$10,030,831
83$13,386,224$1,861,092$813,996$10,972,510
84$14,694,292$1,894,959$783,939$12,008,493
85$16,133,978$1,928,680$751,069$13,148,372
86$17,718,649$1,962,190$715,235$14,402,720
87$19,463,035$1,995,422$676,279$15,783,186
88$21,383,366$2,028,299$634,036$17,302,612
89$23,497,528$2,060,744$588,334$18,975,146
90$25,825,225$2,092,669$538,993$20,816,382
91$28,388,171$2,123,984$485,823$22,843,504
92$31,210,295$2,154,590$428,628$25,075,450
93$34,317,962$2,184,381$367,204$27,533,090
94$37,740,222$2,213,244$301,334$30,239,424
95$41,509,092$2,241,060$230,795$33,219,799
96$45,659,846$2,267,698$155,353$36,502,147
97$50,231,356$2,293,022$74,764$40,117,252
98$55,266,459$2,316,884$0$44,099,038
99$60,812,354$2,339,128$0$48,487,049
100$66,921,055$2,359,586$0$53,335,791