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%12.6%
1 years$74,734$74,068$73,419$72,785$72,166$71,383
2 years$36,997$36,308$35,640$34,993$34,365$33,576
3 years$24,420$23,728$23,062$22,420$21,802$21,033
4 years$18,132$17,442$16,783$16,152$15,550$14,805
5 years$14,361$13,675$13,024$12,407$11,821$11,103
6 years$11,847$11,167$10,526$9,922$9,353$8,664
7 years$10,053$9,378$8,747$8,157$7,607$6,946
8 years$8,707$8,038$7,418$6,843$6,310$5,678
9 years$7,661$6,999$6,389$5,829$5,314$4,710
10 years$6,825$6,169$5,570$5,024$4,528$3,951
11 years$6,141$5,492$4,904$4,373$3,894$3,345
12 years$5,572$4,929$4,352$3,835$3,375$2,852
13 years$5,091$4,455$3,888$3,386$2,943$2,446
14 years$4,678$4,049$3,494$3,006$2,580$2,108
15 years$4,322$3,699$3,154$2,681$2,271$1,824
16 years$4,009$3,394$2,860$2,400$2,007$1,584
17 years$3,734$3,126$2,602$2,157$1,780$1,380
18 years$3,490$2,888$2,376$1,944$1,583$1,205
19 years$3,272$2,677$2,175$1,756$1,411$1,054
20 years$3,076$2,487$1,996$1,591$1,260$924
21 years$2,899$2,317$1,836$1,443$1,128$811
22 years$2,738$2,163$1,692$1,312$1,011$713
23 years$2,591$2,023$1,562$1,195$907$628
24 years$2,457$1,895$1,445$1,090$815$553
25 years$2,333$1,779$1,338$996$734$488
26 years$2,220$1,672$1,241$910$661$431
27 years$2,114$1,573$1,152$833$596$381
28 years$2,017$1,482$1,071$763$538$336
29 years$1,927$1,398$997$700$486$297
30 years$1,842$1,321$929$643$439$263
31 years$1,763$1,248$866$590$397$233
32 years$1,690$1,181$808$542$359$206
33 years$1,621$1,119$754$499$325$183
34 years$1,556$1,060$705$459$294$162
35 years$1,495$1,006$659$422$266$144
36 years$1,437$955$616$389$241$127
37 years$1,383$907$577$358$219$113
38 years$1,332$862$540$330$198$100
39 years$1,283$819$506$305$180$89
40 years$1,237$779$474$281$163$79
41 years$1,194$742$445$259$148$70
42 years$1,152$707$417$239$134$62
43 years$1,113$673$392$221$122$55
44 years$1,075$642$368$204$111$49
45 years$1,040$612$345$188$100$43
46 years$1,005$584$324$174$91$38
47 years$973$557$305$161$83$34
48 years$942$532$286$149$75$30
49 years$912$508$269$137$68$27
50 years$884$485$253$127$62$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $905,000, adding $4,132 every year, while hoping to spend $23,568 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: 41/30/29 Blend
52$905,000$905,000$905,000$905,000
53$1,001,572$953,607$939,580$1,033,954
54$1,078,656$975,258$945,979$1,079,457
55$1,162,813$997,179$951,804$1,126,178
56$1,254,739$1,019,360$957,008$1,176,306
57$1,355,201$1,041,788$961,547$1,230,171
58$1,465,044$1,064,447$965,370$1,288,134
59$1,585,196$1,087,322$968,428$1,350,595
60$1,716,681$1,110,396$970,665$1,417,996
61$1,860,626$1,133,650$972,026$1,490,822
62$2,018,272$1,157,061$972,451$1,569,610
63$2,190,986$1,180,607$971,878$1,654,950
64$2,380,272$1,204,262$970,242$1,747,497
65$2,587,789$1,227,999$967,474$1,847,969
66$2,815,361$1,251,789$963,502$1,957,160
67$3,064,999$1,275,598$958,251$2,075,946
68$3,338,918$1,299,392$951,641$2,205,294
69$3,639,558$1,323,132$943,591$2,346,268
70$3,969,605$1,346,778$934,014$2,500,044
71$4,332,019$1,370,284$922,818$2,667,918
72$4,730,062$1,393,605$909,909$2,851,320
73$5,167,324$1,416,687$895,187$3,051,827
74$5,647,763$1,439,477$878,548$3,271,178
75$6,175,738$1,461,915$859,882$3,511,292
76$6,756,052$1,483,937$839,077$3,774,284
77$7,393,995$1,505,475$816,011$4,062,488
78$8,095,395$1,526,457$790,561$4,378,477
79$8,866,677$1,546,804$762,596$4,725,089
80$9,714,913$1,566,433$731,978$5,105,454
81$10,647,901$1,585,255$698,566$5,523,022
82$11,674,228$1,603,174$662,209$5,981,601
83$12,803,358$1,620,089$622,752$6,485,386
84$14,045,718$1,635,890$580,032$7,039,007
85$15,412,796$1,650,464$533,878$7,647,566
86$16,917,250$1,663,685$484,111$8,316,690
87$18,573,027$1,675,423$430,547$9,052,584
88$20,395,495$1,685,538$372,989$9,862,090
89$22,401,588$1,693,882$311,236$10,752,750
90$24,609,963$1,700,295$245,076$11,732,882
91$27,041,180$1,704,611$174,287$12,811,656
92$29,717,893$1,706,649$98,638$13,999,181
93$32,665,064$1,706,220$17,888$15,306,605
94$35,910,198$1,703,122$0$16,746,216
95$39,483,604$1,697,142$0$18,352,692
96$43,418,682$1,688,051$0$20,127,120
97$47,752,231$1,675,610$0$22,080,510
98$52,524,804$1,659,561$0$24,231,104
99$57,781,089$1,639,633$0$26,599,005
100$63,570,325$1,615,540$0$29,206,371