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%19.5%
1 years$74,899$74,232$73,581$72,946$72,325$69,566
2 years$37,079$36,388$35,719$35,070$34,441$31,693
3 years$24,474$23,780$23,113$22,470$21,851$19,201
4 years$18,172$17,481$16,820$16,188$15,584$13,053
5 years$14,393$13,705$13,053$12,434$11,847$9,441
6 years$11,873$11,191$10,549$9,944$9,374$7,094
7 years$10,075$9,398$8,766$8,175$7,624$5,470
8 years$8,726$8,056$7,434$6,858$6,324$4,295
9 years$7,678$7,014$6,403$5,841$5,326$3,417
10 years$6,840$6,183$5,582$5,035$4,538$2,747
11 years$6,155$5,504$4,915$4,382$3,903$2,225
12 years$5,584$4,940$4,362$3,844$3,382$1,813
13 years$5,102$4,465$3,897$3,394$2,949$1,485
14 years$4,689$4,058$3,501$3,012$2,585$1,221
15 years$4,331$3,707$3,161$2,687$2,276$1,007
16 years$4,018$3,401$2,866$2,406$2,012$833
17 years$3,743$3,132$2,608$2,161$1,784$690
18 years$3,498$2,895$2,381$1,948$1,586$572
19 years$3,279$2,683$2,180$1,760$1,414$476
20 years$3,083$2,493$2,000$1,594$1,263$396
21 years$2,905$2,322$1,840$1,447$1,130$330
22 years$2,744$2,167$1,696$1,315$1,013$275
23 years$2,597$2,027$1,566$1,198$909$229
24 years$2,462$1,899$1,448$1,093$817$191
25 years$2,338$1,782$1,341$998$735$160
26 years$2,224$1,675$1,244$912$662$133
27 years$2,119$1,577$1,155$835$597$111
28 years$2,022$1,486$1,074$765$539$93
29 years$1,931$1,401$999$702$487$78
30 years$1,846$1,324$931$644$440$65
31 years$1,767$1,251$868$591$398$54
32 years$1,694$1,184$810$544$360$46
33 years$1,624$1,121$756$500$325$38
34 years$1,559$1,063$706$460$295$32
35 years$1,498$1,008$660$423$267$27
36 years$1,441$957$618$390$242$22
37 years$1,386$909$578$359$219$19
38 years$1,335$863$541$331$199$16
39 years$1,286$821$507$305$180$13
40 years$1,240$781$475$282$163$11
41 years$1,196$744$446$260$148$9
42 years$1,155$708$418$240$135$8
43 years$1,115$675$392$221$122$6
44 years$1,078$643$368$204$111$5
45 years$1,042$613$346$189$101$4
46 years$1,008$585$325$174$91$4
47 years$975$558$305$161$83$3
48 years$944$533$287$149$75$3
49 years$914$509$270$138$68$2
50 years$886$486$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 $907,000, adding $3,141 every year, while hoping to spend $40,577 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: 48/32/20 Blend
52$907,000$907,000$907,000$907,000
53$1,002,754$954,683$940,624$1,045,081
54$1,061,861$958,289$928,962$1,078,457
55$1,125,637$960,711$915,548$1,110,330
56$1,194,516$961,850$900,283$1,144,091
57$1,268,973$961,597$883,059$1,179,934
58$1,349,533$959,839$863,765$1,218,075
59$1,436,769$956,456$842,286$1,258,754
60$1,531,316$951,319$818,499$1,302,237
61$1,633,869$944,291$792,277$1,348,821
62$1,745,192$935,230$763,487$1,398,835
63$1,866,127$923,982$731,989$1,452,643
64$1,997,600$910,385$697,639$1,510,650
65$2,140,628$894,267$660,283$1,573,307
66$2,296,333$875,447$619,762$1,641,112
67$2,465,946$853,731$575,912$1,714,618
68$2,650,824$828,915$528,557$1,794,438
69$2,852,461$800,785$477,516$1,881,252
70$3,072,499$769,110$422,600$1,975,814
71$3,312,747$733,650$363,610$2,078,959
72$3,575,196$694,148$300,340$2,191,610
73$3,862,039$650,333$232,574$2,314,793
74$4,175,687$601,920$160,086$2,449,641
75$4,518,799$548,607$82,641$2,597,410
76$4,894,301$490,072$0$2,759,489
77$5,305,412$425,978$0$2,937,417
78$5,755,682$355,969$0$3,151,715
79$6,249,016$279,666$0$3,386,668
80$6,789,717$196,671$0$3,644,419
81$7,382,524$106,564$0$3,927,330
82$8,032,656$8,900$0$4,238,014
83$8,745,860$0$0$4,579,354
84$9,528,467$0$0$4,988,613
85$10,387,452$0$0$5,441,358
86$11,330,497$0$0$5,938,515
87$12,366,064$0$0$6,484,560
88$13,503,473$0$0$7,084,422
89$14,752,995$0$0$7,743,530
90$16,125,941$0$0$8,467,867
91$17,634,775$0$0$9,264,023
92$19,293,224$0$0$10,139,258
93$21,116,417$0$0$11,101,572
94$23,121,016$0$0$12,159,778
95$25,325,382$0$0$13,323,585
96$27,749,743$0$0$14,603,690
97$30,416,386$0$0$16,011,881
98$33,349,867$0$0$17,561,144
99$36,577,238$0$0$19,265,787
100$40,128,311$0$0$21,141,576