Can I retire at age 53 with 909,000?

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 $909,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$75,064$74,396$73,743$73,107$72,485$70,504
2 years$37,161$36,468$35,798$35,147$34,517$32,535
3 years$24,528$23,833$23,164$22,519$21,899$19,979
4 years$18,212$17,519$16,857$16,224$15,618$13,775
5 years$14,424$13,735$13,082$12,462$11,873$10,111
6 years$11,900$11,216$10,572$9,966$9,395$7,716
7 years$10,097$9,419$8,785$8,193$7,640$6,045
8 years$8,746$8,074$7,451$6,873$6,338$4,825
9 years$7,695$7,030$6,417$5,854$5,338$3,906
10 years$6,855$6,196$5,595$5,047$4,548$3,195
11 years$6,169$5,516$4,926$4,392$3,912$2,636
12 years$5,597$4,951$4,371$3,852$3,390$2,188
13 years$5,113$4,474$3,905$3,401$2,956$1,827
14 years$4,699$4,067$3,509$3,019$2,591$1,531
15 years$4,341$3,715$3,168$2,692$2,281$1,288
16 years$4,027$3,409$2,872$2,411$2,016$1,087
17 years$3,751$3,139$2,614$2,166$1,788$919
18 years$3,506$2,901$2,386$1,952$1,590$779
19 years$3,286$2,689$2,184$1,764$1,417$661
20 years$3,089$2,498$2,005$1,598$1,266$562
21 years$2,911$2,327$1,844$1,450$1,133$478
22 years$2,750$2,172$1,699$1,318$1,015$408
23 years$2,602$2,032$1,569$1,201$911$347
24 years$2,467$1,904$1,451$1,095$819$297
25 years$2,344$1,786$1,344$1,000$737$253
26 years$2,229$1,679$1,247$914$664$216
27 years$2,124$1,580$1,158$837$599$185
28 years$2,026$1,489$1,076$767$540$158
29 years$1,935$1,405$1,001$703$488$135
30 years$1,850$1,326$933$645$441$116
31 years$1,771$1,254$870$593$398$99
32 years$1,697$1,187$811$545$360$85
33 years$1,628$1,124$758$501$326$72
34 years$1,563$1,065$708$461$295$62
35 years$1,501$1,010$662$424$267$53
36 years$1,444$959$619$391$242$46
37 years$1,389$911$579$360$220$39
38 years$1,338$865$543$332$199$33
39 years$1,289$823$508$306$181$29
40 years$1,243$783$476$282$164$24
41 years$1,199$745$447$260$149$21
42 years$1,157$710$419$240$135$18
43 years$1,118$676$393$222$122$15
44 years$1,080$645$369$205$111$13
45 years$1,044$615$347$189$101$11
46 years$1,010$586$326$175$92$10
47 years$977$560$306$161$83$8
48 years$946$534$287$149$75$7
49 years$916$510$270$138$69$6
50 years$888$487$254$127$62$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $909,000, adding $6,548 every year, while hoping to spend $32,297 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: 43/33/24 Blend
52$909,000$909,000$909,000$909,000
53$1,008,472$960,295$946,206$1,044,537
54$1,076,973$972,986$943,540$1,083,528
55$1,151,378$985,216$939,702$1,122,141
56$1,232,255$996,929$934,620$1,163,335
57$1,320,231$1,008,064$928,215$1,207,368
58$1,415,992$1,018,557$920,407$1,254,522
59$1,520,295$1,028,338$911,113$1,305,111
60$1,633,973$1,037,334$900,244$1,359,483
61$1,757,943$1,045,468$887,706$1,418,021
62$1,893,212$1,052,655$873,403$1,481,152
63$2,040,892$1,058,807$857,234$1,549,345
64$2,202,204$1,063,830$839,093$1,623,121
65$2,378,494$1,067,622$818,867$1,703,054
66$2,571,243$1,070,078$796,442$1,789,781
67$2,782,081$1,071,084$771,694$1,884,006
68$3,012,805$1,070,519$744,498$1,986,506
69$3,265,392$1,068,255$714,719$2,098,141
70$3,542,020$1,064,157$682,220$2,219,861
71$3,845,085$1,058,080$646,853$2,352,716
72$4,177,229$1,049,871$608,468$2,497,868
73$4,541,360$1,039,369$566,906$2,656,599
74$4,940,681$1,026,400$521,999$2,830,326
75$5,378,720$1,010,783$473,576$3,020,615
76$5,859,362$992,325$421,454$3,229,196
77$6,386,889$970,821$365,444$3,457,979
78$6,966,015$946,053$305,349$3,709,074
79$7,601,932$917,794$240,963$3,984,812
80$8,300,363$885,800$172,069$4,287,766
81$9,067,609$849,813$98,442$4,620,779
82$9,910,614$809,563$19,848$4,986,987
83$10,837,025$764,760$0$5,389,856
84$11,855,270$715,101$0$5,849,604
85$12,974,631$660,264$0$6,360,547
86$14,205,335$599,910$0$6,922,326
87$15,558,651$533,677$0$7,540,155
88$17,046,993$461,187$0$8,219,785
89$18,684,039$382,038$0$8,967,557
90$20,484,859$295,805$0$9,790,466
91$22,466,056$202,041$0$10,696,222
92$24,645,925$100,272$0$11,693,332
93$27,044,623$0$0$12,791,173
94$29,684,359$0$0$14,003,717
95$32,589,607$0$0$15,378,429
96$35,787,329$0$0$16,891,670
97$39,307,236$0$0$18,557,518
98$43,182,067$0$0$20,391,484
99$47,447,893$0$0$22,410,660
100$52,144,463$0$0$24,633,877