Can I retire at age 53 with 908,000?

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 $908,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$74,982$74,314$73,662$73,026$72,405$71,889
2 years$37,120$36,428$35,758$35,109$34,479$33,958
3 years$24,501$23,806$23,138$22,495$21,875$21,366
4 years$18,192$17,500$16,839$16,206$15,601$15,108
5 years$14,408$13,720$13,067$12,448$11,860$11,384
6 years$11,887$11,204$10,560$9,955$9,384$8,926
7 years$10,086$9,409$8,776$8,184$7,632$7,192
8 years$8,736$8,065$7,443$6,866$6,331$5,909
9 years$7,687$7,022$6,410$5,848$5,332$4,928
10 years$6,848$6,190$5,589$5,041$4,543$4,156
11 years$6,162$5,510$4,920$4,387$3,907$3,538
12 years$5,591$4,946$4,366$3,848$3,386$3,034
13 years$5,108$4,470$3,901$3,397$2,953$2,617
14 years$4,694$4,063$3,505$3,016$2,588$2,269
15 years$4,336$3,711$3,165$2,690$2,279$1,975
16 years$4,023$3,405$2,869$2,408$2,014$1,726
17 years$3,747$3,136$2,611$2,164$1,786$1,513
18 years$3,502$2,898$2,383$1,950$1,588$1,329
19 years$3,283$2,686$2,182$1,762$1,415$1,171
20 years$3,086$2,496$2,002$1,596$1,264$1,033
21 years$2,908$2,325$1,842$1,448$1,131$913
22 years$2,747$2,170$1,698$1,317$1,014$808
23 years$2,599$2,029$1,567$1,199$910$716
24 years$2,465$1,901$1,450$1,094$818$636
25 years$2,341$1,784$1,343$999$736$565
26 years$2,227$1,677$1,245$913$663$502
27 years$2,121$1,578$1,156$836$598$447
28 years$2,024$1,487$1,075$766$539$398
29 years$1,933$1,403$1,000$702$487$354
30 years$1,848$1,325$932$645$440$316
31 years$1,769$1,253$869$592$398$282
32 years$1,695$1,185$810$544$360$251
33 years$1,626$1,122$757$500$326$224
34 years$1,561$1,064$707$460$295$200
35 years$1,500$1,009$661$424$267$179
36 years$1,442$958$618$390$242$160
37 years$1,388$910$579$360$219$143
38 years$1,336$864$542$331$199$127
39 years$1,288$822$508$306$180$114
40 years$1,241$782$476$282$164$102
41 years$1,198$744$446$260$148$91
42 years$1,156$709$419$240$135$81
43 years$1,116$676$393$222$122$73
44 years$1,079$644$369$205$111$65
45 years$1,043$614$346$189$101$58
46 years$1,009$586$325$175$91$52
47 years$976$559$306$161$83$47
48 years$945$534$287$149$75$42
49 years$915$510$270$138$68$37
50 years$887$487$254$127$62$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $908,000, adding $4,097 every year, while hoping to spend $44,395 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: 72/17/11 Blend
52$908,000$908,000$908,000$908,000
53$1,004,842$956,718$942,644$1,074,697
54$1,060,100$956,361$926,987$1,121,095
55$1,119,506$954,499$909,317$1,166,016
56$1,183,437$951,011$889,520$1,214,000
57$1,252,306$945,769$867,477$1,265,338
58$1,326,566$938,636$843,063$1,320,351
59$1,406,717$929,470$816,146$1,379,395
60$1,493,305$918,118$786,591$1,442,862
61$1,586,933$904,416$754,252$1,511,183
62$1,688,263$888,195$718,982$1,584,838
63$1,798,021$869,272$680,623$1,664,352
64$1,917,007$847,454$639,012$1,750,307
65$2,046,101$822,539$593,979$1,843,346
66$2,186,270$794,310$545,343$1,944,177
67$2,338,577$762,539$492,920$2,053,583
68$2,504,193$726,984$436,513$2,172,426
69$2,684,405$687,390$375,921$2,301,660
70$2,880,629$643,487$310,928$2,442,337
71$3,094,423$594,988$241,315$2,595,616
72$3,327,504$541,592$166,849$2,762,780
73$3,581,759$482,980$87,288$2,945,240
74$3,859,265$418,813$2,379$3,144,559
75$4,162,311$348,735$0$3,362,456
76$4,493,413$272,369$0$3,611,187
77$4,855,344$189,318$0$3,883,464
78$5,251,155$99,161$0$4,181,353
79$5,684,207$1,454$0$4,507,441
80$6,158,199$0$0$4,864,580
81$6,677,206$0$0$5,275,421
82$7,245,714$0$0$5,725,788
83$7,868,664$0$0$6,219,329
84$8,551,498$0$0$6,760,360
85$9,300,207$0$0$7,353,637
86$10,121,394$0$0$8,004,396
87$11,022,327$0$0$8,718,403
88$12,011,014$0$0$9,502,012
89$13,096,277$0$0$10,362,221
90$14,287,831$0$0$11,306,737
91$15,596,379$0$0$12,344,053
92$17,033,712$0$0$13,483,522
93$18,612,817$0$0$14,735,448
94$20,348,003$0$0$16,111,184
95$22,255,034$0$0$17,623,236
96$24,351,275$0$0$19,285,382
97$26,655,859$0$0$21,112,800
98$29,189,865$0$0$23,122,215
99$31,976,515$0$0$25,332,051
100$35,041,395$0$0$27,762,609