Can I retire at age 53 with 907,000?

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 $907,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$74,899$74,232$73,581$72,946$72,325$71,127
2 years$37,079$36,388$35,719$35,070$34,441$33,237
3 years$24,474$23,780$23,113$22,470$21,851$20,679
4 years$18,172$17,481$16,820$16,188$15,584$14,453
5 years$14,393$13,705$13,053$12,434$11,847$10,760
6 years$11,873$11,191$10,549$9,944$9,374$8,333
7 years$10,075$9,398$8,766$8,175$7,624$6,629
8 years$8,726$8,056$7,434$6,858$6,324$5,375
9 years$7,678$7,014$6,403$5,841$5,326$4,422
10 years$6,840$6,183$5,582$5,035$4,538$3,678
11 years$6,155$5,504$4,915$4,382$3,903$3,087
12 years$5,584$4,940$4,362$3,844$3,382$2,608
13 years$5,102$4,465$3,897$3,394$2,949$2,217
14 years$4,689$4,058$3,501$3,012$2,585$1,893
15 years$4,331$3,707$3,161$2,687$2,276$1,622
16 years$4,018$3,401$2,866$2,406$2,012$1,395
17 years$3,743$3,132$2,608$2,161$1,784$1,203
18 years$3,498$2,895$2,381$1,948$1,586$1,040
19 years$3,279$2,683$2,180$1,760$1,414$901
20 years$3,083$2,493$2,000$1,594$1,263$781
21 years$2,905$2,322$1,840$1,447$1,130$679
22 years$2,744$2,167$1,696$1,315$1,013$591
23 years$2,597$2,027$1,566$1,198$909$514
24 years$2,462$1,899$1,448$1,093$817$448
25 years$2,338$1,782$1,341$998$735$391
26 years$2,224$1,675$1,244$912$662$341
27 years$2,119$1,577$1,155$835$597$298
28 years$2,022$1,486$1,074$765$539$261
29 years$1,931$1,401$999$702$487$228
30 years$1,846$1,324$931$644$440$199
31 years$1,767$1,251$868$591$398$174
32 years$1,694$1,184$810$544$360$153
33 years$1,624$1,121$756$500$325$134
34 years$1,559$1,063$706$460$295$117
35 years$1,498$1,008$660$423$267$103
36 years$1,441$957$618$390$242$90
37 years$1,386$909$578$359$219$79
38 years$1,335$863$541$331$199$69
39 years$1,286$821$507$305$180$60
40 years$1,240$781$475$282$163$53
41 years$1,196$744$446$260$148$46
42 years$1,155$708$418$240$135$41
43 years$1,115$675$392$221$122$36
44 years$1,078$643$368$204$111$31
45 years$1,042$613$346$189$101$27
46 years$1,008$585$325$174$91$24
47 years$975$558$305$161$83$21
48 years$944$533$287$149$75$19
49 years$914$509$270$138$68$16
50 years$886$486$253$127$62$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $907,000, adding $3,805 every year, while hoping to spend $40,240 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: 82/6/12 Blend
52$907,000$907,000$907,000$907,000
53$1,003,439$955,368$941,309$1,083,264
54$1,062,975$959,366$930,028$1,140,150
55$1,127,234$962,211$917,020$1,196,906
56$1,196,657$963,804$902,186$1,258,026
57$1,271,726$964,041$885,419$1,323,927
58$1,352,973$962,809$866,611$1,395,068
59$1,440,979$959,990$845,645$1,471,955
60$1,536,387$955,458$822,403$1,555,144
61$1,639,902$949,079$796,757$1,645,250
62$1,752,300$940,712$768,576$1,742,947
63$1,874,434$930,206$737,723$1,848,982
64$2,007,243$917,403$704,053$1,964,173
65$2,151,760$902,133$667,417$2,089,426
66$2,309,120$884,218$627,656$2,225,736
67$2,480,574$863,469$584,606$2,374,201
68$2,667,498$839,684$538,096$2,536,031
69$2,871,406$812,652$487,946$2,712,558
70$3,093,966$782,148$433,968$2,905,252
71$3,337,011$747,934$375,966$3,115,731
72$3,602,562$709,759$313,737$3,345,780
73$3,892,842$667,356$247,066$3,597,365
74$4,210,299$620,444$175,730$3,872,652
75$4,557,630$568,725$99,497$4,174,032
76$4,937,801$511,886$18,123$4,504,134
77$5,354,081$449,593$0$4,865,862
78$5,810,070$381,495$0$5,271,211
79$6,309,730$307,222$0$5,717,954
80$6,857,427$226,380$0$6,207,689
81$7,457,969$138,557$0$6,744,734
82$8,116,650$43,315$0$7,333,846
83$8,839,303$0$0$7,980,266
84$9,632,351$0$0$8,693,717
85$10,502,870$0$0$9,480,023
86$11,458,655$0$0$10,343,369
87$12,508,292$0$0$11,291,512
88$13,661,238$0$0$12,332,998
89$14,927,913$0$0$13,477,244
90$16,319,796$0$0$14,734,620
91$17,849,532$0$0$16,116,554
92$19,531,052$0$0$17,635,633
93$21,379,705$0$0$19,305,728
94$23,412,399$0$0$21,142,116
95$25,647,766$0$0$23,161,633
96$28,106,329$0$0$25,382,826
97$30,810,705$0$0$27,826,130
98$33,785,809$0$0$30,514,059
99$37,059,094$0$0$33,471,422
100$40,660,810$0$0$36,725,552