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%18.4%
1 years$74,899$74,232$73,581$72,946$72,325$69,871
2 years$37,079$36,388$35,719$35,070$34,441$31,992
3 years$24,474$23,780$23,113$22,470$21,851$19,485
4 years$18,172$17,481$16,820$16,188$15,584$13,320
5 years$14,393$13,705$13,053$12,434$11,847$9,690
6 years$11,873$11,191$10,549$9,944$9,374$7,326
7 years$10,075$9,398$8,766$8,175$7,624$5,684
8 years$8,726$8,056$7,434$6,858$6,324$4,492
9 years$7,678$7,014$6,403$5,841$5,326$3,599
10 years$6,840$6,183$5,582$5,035$4,538$2,913
11 years$6,155$5,504$4,915$4,382$3,903$2,376
12 years$5,584$4,940$4,362$3,844$3,382$1,951
13 years$5,102$4,465$3,897$3,394$2,949$1,610
14 years$4,689$4,058$3,501$3,012$2,585$1,334
15 years$4,331$3,707$3,161$2,687$2,276$1,109
16 years$4,018$3,401$2,866$2,406$2,012$924
17 years$3,743$3,132$2,608$2,161$1,784$772
18 years$3,498$2,895$2,381$1,948$1,586$646
19 years$3,279$2,683$2,180$1,760$1,414$541
20 years$3,083$2,493$2,000$1,594$1,263$454
21 years$2,905$2,322$1,840$1,447$1,130$381
22 years$2,744$2,167$1,696$1,315$1,013$321
23 years$2,597$2,027$1,566$1,198$909$270
24 years$2,462$1,899$1,448$1,093$817$227
25 years$2,338$1,782$1,341$998$735$191
26 years$2,224$1,675$1,244$912$662$161
27 years$2,119$1,577$1,155$835$597$136
28 years$2,022$1,486$1,074$765$539$115
29 years$1,931$1,401$999$702$487$97
30 years$1,846$1,324$931$644$440$82
31 years$1,767$1,251$868$591$398$69
32 years$1,694$1,184$810$544$360$58
33 years$1,624$1,121$756$500$325$49
34 years$1,559$1,063$706$460$295$41
35 years$1,498$1,008$660$423$267$35
36 years$1,441$957$618$390$242$29
37 years$1,386$909$578$359$219$25
38 years$1,335$863$541$331$199$21
39 years$1,286$821$507$305$180$18
40 years$1,240$781$475$282$163$15
41 years$1,196$744$446$260$148$13
42 years$1,155$708$418$240$135$11
43 years$1,115$675$392$221$122$9
44 years$1,078$643$368$204$111$8
45 years$1,042$613$346$189$101$6
46 years$1,008$585$325$174$91$5
47 years$975$558$305$161$83$5
48 years$944$533$287$149$75$4
49 years$914$509$270$138$68$3
50 years$886$486$253$127$62$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $907,000, adding $3,046 every year, while hoping to spend $58,987 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: 39/37/24 Blend
52$907,000$907,000$907,000$907,000
53$1,002,656$954,585$940,526$1,034,505
54$1,042,165$938,598$909,272$1,041,875
55$1,083,727$919,850$874,994$1,044,089
56$1,127,489$898,145$837,529$1,045,314
57$1,173,612$873,273$796,704$1,045,496
58$1,222,269$845,012$752,343$1,044,578
59$1,273,651$813,128$704,257$1,042,507
60$1,327,966$777,373$652,251$1,039,225
61$1,385,439$737,485$596,123$1,034,679
62$1,446,318$693,187$535,657$1,028,814
63$1,510,873$644,183$470,632$1,021,577
64$1,579,399$590,165$400,815$1,012,917
65$1,652,219$530,805$325,964$1,002,786
66$1,729,686$465,755$245,824$991,137
67$1,812,186$394,649$160,131$977,930
68$1,900,142$317,100$68,609$963,126
69$1,994,018$232,699$0$946,697
70$2,094,321$141,015$0$936,058
71$2,201,608$41,590$0$942,987
72$2,316,489$0$0$949,970
73$2,439,632$0$0$983,991
74$2,571,772$0$0$1,038,750
75$2,713,715$0$0$1,097,658
76$2,866,343$0$0$1,161,093
77$3,030,628$0$0$1,229,469
78$3,207,636$0$0$1,303,243
79$3,398,537$0$0$1,382,915
80$3,604,617$0$0$1,469,036
81$3,827,290$0$0$1,562,211
82$4,068,107$0$0$1,663,105
83$4,328,776$0$0$1,772,449
84$4,611,174$0$0$1,891,047
85$4,917,364$0$0$2,019,783
86$5,249,614$0$0$2,159,629
87$5,610,421$0$0$2,311,655
88$6,002,528$0$0$2,477,038
89$6,428,955$0$0$2,657,072
90$6,893,023$0$0$2,853,181
91$7,398,389$0$0$3,066,934
92$7,949,074$0$0$3,300,056
93$8,549,504$0$0$3,554,446
94$9,204,551$0$0$3,832,193
95$9,919,578$0$0$4,135,599
96$10,700,486$0$0$4,467,198
97$11,553,774$0$0$4,829,777
98$12,486,596$0$0$5,226,407
99$13,506,826$0$0$5,660,469
100$14,623,138$0$0$6,135,686