Can I retire at age 53 with 905,000?

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 $905,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$74,734$74,068$73,419$72,785$72,166$69,633
2 years$36,997$36,308$35,640$34,993$34,365$31,840
3 years$24,420$23,728$23,062$22,420$21,802$19,364
4 years$18,132$17,442$16,783$16,152$15,550$13,217
5 years$14,361$13,675$13,024$12,407$11,821$9,600
6 years$11,847$11,167$10,526$9,922$9,353$7,246
7 years$10,053$9,378$8,747$8,157$7,607$5,612
8 years$8,707$8,038$7,418$6,843$6,310$4,428
9 years$7,661$6,999$6,389$5,829$5,314$3,540
10 years$6,825$6,169$5,570$5,024$4,528$2,860
11 years$6,141$5,492$4,904$4,373$3,894$2,329
12 years$5,572$4,929$4,352$3,835$3,375$1,908
13 years$5,091$4,455$3,888$3,386$2,943$1,571
14 years$4,678$4,049$3,494$3,006$2,580$1,299
15 years$4,322$3,699$3,154$2,681$2,271$1,078
16 years$4,009$3,394$2,860$2,400$2,007$896
17 years$3,734$3,126$2,602$2,157$1,780$747
18 years$3,490$2,888$2,376$1,944$1,583$624
19 years$3,272$2,677$2,175$1,756$1,411$521
20 years$3,076$2,487$1,996$1,591$1,260$436
21 years$2,899$2,317$1,836$1,443$1,128$366
22 years$2,738$2,163$1,692$1,312$1,011$307
23 years$2,591$2,023$1,562$1,195$907$258
24 years$2,457$1,895$1,445$1,090$815$216
25 years$2,333$1,779$1,338$996$734$182
26 years$2,220$1,672$1,241$910$661$153
27 years$2,114$1,573$1,152$833$596$128
28 years$2,017$1,482$1,071$763$538$108
29 years$1,927$1,398$997$700$486$91
30 years$1,842$1,321$929$643$439$77
31 years$1,763$1,248$866$590$397$64
32 years$1,690$1,181$808$542$359$54
33 years$1,621$1,119$754$499$325$46
34 years$1,556$1,060$705$459$294$38
35 years$1,495$1,006$659$422$266$32
36 years$1,437$955$616$389$241$27
37 years$1,383$907$577$358$219$23
38 years$1,332$862$540$330$198$19
39 years$1,283$819$506$305$180$16
40 years$1,237$779$474$281$163$14
41 years$1,194$742$445$259$148$12
42 years$1,152$707$417$239$134$10
43 years$1,113$673$392$221$122$8
44 years$1,075$642$368$204$111$7
45 years$1,040$612$345$188$100$6
46 years$1,005$584$324$174$91$5
47 years$973$557$305$161$83$4
48 years$942$532$286$149$75$3
49 years$912$508$269$137$68$3
50 years$884$485$253$127$62$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $905,000, adding $3,973 every year, while hoping to spend $53,770 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: 74/6/20 Blend
52$905,000$905,000$905,000$905,000
53$1,001,408$953,443$939,416$1,070,466
54$1,046,341$942,951$913,675$1,106,346
55$1,094,055$930,143$885,270$1,138,731
56$1,144,776$914,848$854,055$1,172,837
57$1,198,754$896,886$819,876$1,208,823
58$1,256,260$876,066$782,575$1,246,866
59$1,317,591$852,186$741,984$1,287,160
60$1,383,073$825,031$697,929$1,329,924
61$1,453,064$794,375$650,227$1,375,395
62$1,527,955$759,978$598,687$1,423,840
63$1,608,175$721,585$543,112$1,475,550
64$1,694,195$678,929$483,293$1,530,851
65$1,786,532$631,726$419,012$1,590,102
66$1,885,753$579,674$350,043$1,653,698
67$1,992,479$522,458$276,149$1,722,078
68$2,107,394$459,740$197,082$1,795,728
69$2,231,248$391,168$112,584$1,875,184
70$2,364,866$316,366$22,387$1,961,039
71$2,509,153$234,938$0$2,053,949
72$2,665,104$146,468$0$2,170,402
73$2,833,813$50,513$0$2,301,558
74$3,016,481$0$0$2,443,585
75$3,214,430$0$0$2,601,056
76$3,429,114$0$0$2,775,488
77$3,662,130$0$0$2,964,850
78$3,915,235$0$0$3,170,574
79$4,190,364$0$0$3,394,236
80$4,489,643$0$0$3,637,570
81$4,815,412$0$0$3,902,483
82$5,170,246$0$0$4,191,075
83$5,556,979$0$0$4,505,655
84$5,978,728$0$0$4,848,766
85$6,438,926$0$0$5,223,205
86$6,941,351$0$0$5,632,053
87$7,490,161$0$0$6,078,700
88$8,089,936$0$0$6,566,878
89$8,745,714$0$0$7,100,698
90$9,463,045$0$0$7,684,682
91$10,248,040$0$0$8,323,815
92$11,107,427$0$0$9,023,580
93$12,048,616$0$0$9,790,020
94$13,079,765$0$0$10,629,787
95$14,209,860$0$0$11,550,207
96$15,448,798$0$0$12,559,350
97$16,807,477$0$0$13,666,103
98$18,297,904$0$0$14,880,254
99$19,933,299$0$0$16,212,585
100$21,728,229$0$0$17,674,972