Can I retire at age 53 with 906,000?

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 $906,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$74,817$74,150$73,500$72,865$72,246$70,045
2 years$37,038$36,348$35,680$35,031$34,403$32,205
3 years$24,447$23,754$23,087$22,445$21,826$19,700
4 years$18,152$17,462$16,801$16,170$15,567$13,528
5 years$14,377$13,690$13,039$12,420$11,834$9,888
6 years$11,860$11,179$10,537$9,933$9,364$7,513
7 years$10,064$9,388$8,756$8,166$7,615$5,859
8 years$8,717$8,047$7,426$6,850$6,317$4,655
9 years$7,670$7,007$6,396$5,835$5,320$3,750
10 years$6,833$6,176$5,576$5,030$4,533$3,052
11 years$6,148$5,498$4,909$4,377$3,899$2,505
12 years$5,578$4,935$4,357$3,840$3,378$2,069
13 years$5,096$4,460$3,893$3,390$2,946$1,717
14 years$4,684$4,054$3,497$3,009$2,583$1,432
15 years$4,326$3,703$3,158$2,684$2,274$1,198
16 years$4,014$3,398$2,863$2,403$2,010$1,005
17 years$3,739$3,129$2,605$2,159$1,782$845
18 years$3,494$2,891$2,378$1,946$1,584$712
19 years$3,276$2,680$2,177$1,758$1,412$600
20 years$3,079$2,490$1,998$1,592$1,261$507
21 years$2,902$2,319$1,838$1,445$1,129$429
22 years$2,741$2,165$1,694$1,314$1,012$363
23 years$2,594$2,025$1,564$1,197$908$308
24 years$2,459$1,897$1,446$1,091$816$261
25 years$2,336$1,780$1,340$997$735$221
26 years$2,222$1,673$1,242$911$662$188
27 years$2,117$1,575$1,154$834$597$160
28 years$2,019$1,484$1,073$764$538$136
29 years$1,929$1,400$998$701$486$115
30 years$1,844$1,322$930$643$439$98
31 years$1,765$1,250$867$591$397$83
32 years$1,692$1,183$809$543$359$71
33 years$1,623$1,120$755$499$325$60
34 years$1,558$1,061$705$459$294$51
35 years$1,496$1,007$660$423$267$44
36 years$1,439$956$617$389$242$37
37 years$1,385$908$578$359$219$31
38 years$1,333$863$541$331$198$27
39 years$1,285$820$507$305$180$23
40 years$1,239$780$475$281$163$19
41 years$1,195$743$445$260$148$16
42 years$1,153$707$418$239$134$14
43 years$1,114$674$392$221$122$12
44 years$1,076$642$368$204$111$10
45 years$1,041$613$345$189$100$9
46 years$1,007$584$324$174$91$7
47 years$974$558$305$161$83$6
48 years$943$532$286$149$75$5
49 years$913$508$269$137$68$5
50 years$885$486$253$127$62$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $906,000, adding $3,766 every year, while hoping to spend $52,299 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: 69/13/18 Blend
52$906,000$906,000$906,000$906,000
53$1,002,297$954,279$940,236$1,066,852
54$1,048,885$945,393$916,088$1,101,501
55$1,098,473$934,318$889,378$1,132,872
56$1,151,310$920,893$859,966$1,165,896
57$1,207,673$904,945$827,703$1,200,730
58$1,267,860$886,292$792,436$1,237,550
59$1,332,202$864,741$754,002$1,276,550
60$1,401,060$840,087$712,235$1,317,946
61$1,474,830$812,113$666,957$1,361,976
62$1,553,947$780,591$617,984$1,408,906
63$1,638,887$745,277$565,124$1,459,030
64$1,730,174$705,916$508,177$1,512,673
65$1,828,382$662,237$446,931$1,570,196
66$1,934,142$613,951$381,168$1,631,999
67$2,048,146$560,756$310,659$1,698,525
68$2,171,155$502,332$235,164$1,770,265
69$2,304,006$438,339$154,435$1,847,760
70$2,447,616$368,419$68,210$1,931,614
71$2,602,995$292,193$0$2,022,492
72$2,771,253$209,264$0$2,125,702
73$2,953,610$119,207$0$2,251,765
74$3,151,408$21,577$0$2,388,527
75$3,366,121$0$0$2,537,044
76$3,599,374$0$0$2,710,512
77$3,852,951$0$0$2,902,495
78$4,128,815$0$0$3,111,400
79$4,429,127$0$0$3,338,867
80$4,756,265$0$0$3,586,705
81$5,112,846$0$0$3,856,901
82$5,501,748$0$0$4,151,644
83$5,926,141$0$0$4,473,343
84$6,389,513$0$0$4,824,649
85$6,895,705$0$0$5,208,482
86$7,448,944$0$0$5,628,055
87$8,053,884$0$0$6,086,907
88$8,715,651$0$0$6,588,932
89$9,439,886$0$0$7,138,420
90$10,232,803$0$0$7,740,095
91$11,101,244$0$0$8,399,158
92$12,052,745$0$0$9,121,336
93$13,095,602$0$0$9,912,939
94$14,238,955$0$0$10,780,914
95$15,492,869$0$0$11,732,913
96$16,868,432$0$0$12,777,365
97$18,377,853$0$0$13,923,554
98$20,034,584$0$0$15,181,705
99$21,853,441$0$0$16,563,083
100$23,850,743$0$0$18,080,097