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%11.7%
1 years$74,651$73,987$73,338$72,705$72,086$71,572
2 years$36,956$36,268$35,601$34,954$34,327$33,808
3 years$24,393$23,701$23,036$22,395$21,778$21,271
4 years$18,112$17,423$16,764$16,135$15,532$15,041
5 years$14,345$13,660$13,010$12,393$11,808$11,333
6 years$11,834$11,154$10,514$9,911$9,343$8,887
7 years$10,042$9,367$8,737$8,148$7,598$7,160
8 years$8,698$8,030$7,410$6,835$6,304$5,883
9 years$7,653$6,991$6,382$5,822$5,308$4,906
10 years$6,818$6,162$5,564$5,019$4,523$4,138
11 years$6,135$5,486$4,898$4,368$3,890$3,522
12 years$5,566$4,924$4,347$3,831$3,371$3,020
13 years$5,085$4,450$3,884$3,382$2,940$2,605
14 years$4,673$4,045$3,490$3,002$2,577$2,259
15 years$4,317$3,695$3,151$2,678$2,269$1,967
16 years$4,005$3,390$2,857$2,398$2,005$1,718
17 years$3,730$3,122$2,599$2,154$1,778$1,506
18 years$3,486$2,885$2,373$1,941$1,581$1,323
19 years$3,268$2,674$2,172$1,754$1,409$1,165
20 years$3,072$2,485$1,994$1,589$1,259$1,028
21 years$2,895$2,314$1,834$1,442$1,126$909
22 years$2,735$2,160$1,690$1,311$1,010$805
23 years$2,588$2,021$1,561$1,194$906$713
24 years$2,454$1,893$1,443$1,089$815$633
25 years$2,331$1,777$1,337$995$733$562
26 years$2,217$1,670$1,240$909$660$500
27 years$2,112$1,571$1,151$832$595$445
28 years$2,015$1,481$1,070$763$537$396
29 years$1,924$1,397$996$699$485$353
30 years$1,840$1,319$928$642$438$314
31 years$1,762$1,247$865$589$396$280
32 years$1,688$1,180$807$542$358$250
33 years$1,619$1,117$753$498$324$223
34 years$1,554$1,059$704$458$294$199
35 years$1,493$1,005$658$422$266$178
36 years$1,436$953$616$389$241$159
37 years$1,382$906$576$358$218$142
38 years$1,330$861$540$330$198$127
39 years$1,282$818$506$304$180$113
40 years$1,236$779$474$281$163$101
41 years$1,192$741$444$259$148$91
42 years$1,151$706$417$239$134$81
43 years$1,112$673$391$221$122$73
44 years$1,074$641$367$204$110$65
45 years$1,038$611$345$188$100$58
46 years$1,004$583$324$174$91$52
47 years$972$557$304$161$83$46
48 years$941$531$286$148$75$42
49 years$911$507$269$137$68$37
50 years$883$485$253$127$62$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $904,000, adding $3,805 every year, while hoping to spend $23,329 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: 36/37/27 Blend
52$904,000$904,000$904,000$904,000
53$1,000,133$952,221$938,209$1,027,910
54$1,077,325$974,058$944,817$1,070,690
55$1,161,608$996,183$950,865$1,114,451
56$1,253,682$1,018,586$956,308$1,161,245
57$1,354,315$1,041,254$961,102$1,211,357
58$1,464,355$1,064,175$965,199$1,265,107
59$1,584,733$1,087,334$968,548$1,322,843
60$1,716,478$1,110,715$971,095$1,384,953
61$1,860,718$1,134,300$972,787$1,451,862
62$2,018,699$1,158,069$973,563$1,524,040
63$2,191,793$1,182,000$973,364$1,602,007
64$2,381,508$1,206,071$972,124$1,686,333
65$2,589,508$1,230,254$969,776$1,777,650
66$2,817,625$1,254,523$966,250$1,876,655
67$3,067,875$1,278,847$961,472$1,984,114
68$3,342,480$1,303,192$955,363$2,100,874
69$3,643,887$1,327,524$947,843$2,227,871
70$3,974,794$1,351,802$938,825$2,366,135
71$4,338,168$1,375,986$928,221$2,516,802
72$4,737,282$1,400,030$915,938$2,681,128
73$5,175,740$1,423,886$901,876$2,860,495
74$5,657,510$1,447,502$885,934$3,056,431
75$6,186,967$1,470,820$868,004$3,270,617
76$6,768,929$1,493,782$847,973$3,504,912
77$7,408,704$1,516,322$825,725$3,761,362
78$8,112,141$1,538,370$801,135$4,042,228
79$8,885,682$1,559,853$774,076$4,350,000
80$9,736,427$1,580,691$744,413$4,687,426
81$10,672,197$1,600,799$712,005$5,057,537
82$11,701,608$1,620,086$676,705$5,463,676
83$12,834,156$1,638,454$638,358$5,909,529
84$14,080,302$1,655,800$596,806$6,399,160
85$15,451,573$1,672,014$551,878$6,937,054
86$16,960,668$1,686,978$503,401$7,528,153
87$18,621,581$1,700,565$451,190$8,177,910
88$20,449,732$1,712,642$395,054$8,892,336
89$22,462,110$1,723,066$334,794$9,678,060
90$24,677,435$1,731,687$270,199$10,542,393
91$27,116,335$1,738,341$201,053$11,493,394
92$29,801,540$1,742,859$127,127$12,539,951
93$32,758,095$1,745,056$48,183$13,691,862
94$36,013,598$1,744,741$0$14,959,932
95$39,598,458$1,741,707$0$16,366,463
96$43,546,186$1,735,736$0$17,929,688
97$47,893,705$1,726,595$0$19,650,269
98$52,681,705$1,714,040$0$21,544,253
99$57,955,020$1,697,809$0$23,629,324
100$63,763,056$1,677,626$0$25,924,975