Can I retire at age 53 with 910,000?

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 $910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$75,147$74,478$73,825$73,187$72,565$71,041
2 years$37,201$36,509$35,837$35,186$34,555$33,027
3 years$24,555$23,859$23,189$22,544$21,923$20,439
4 years$18,232$17,539$16,876$16,242$15,636$14,206
5 years$14,440$13,751$13,096$12,475$11,886$10,516
6 years$11,913$11,228$10,584$9,977$9,405$8,095
7 years$10,108$9,430$8,795$8,202$7,649$6,400
8 years$8,755$8,083$7,459$6,881$6,345$5,156
9 years$7,704$7,038$6,424$5,861$5,344$4,214
10 years$6,863$6,203$5,601$5,052$4,553$3,482
11 years$6,175$5,522$4,931$4,397$3,916$2,902
12 years$5,603$4,957$4,376$3,857$3,393$2,435
13 years$5,119$4,479$3,910$3,405$2,959$2,054
14 years$4,704$4,072$3,513$3,022$2,594$1,741
15 years$4,345$3,719$3,172$2,695$2,284$1,481
16 years$4,032$3,413$2,876$2,413$2,019$1,264
17 years$3,755$3,143$2,617$2,168$1,790$1,081
18 years$3,510$2,904$2,389$1,954$1,591$927
19 years$3,290$2,692$2,187$1,766$1,418$796
20 years$3,093$2,501$2,007$1,599$1,267$685
21 years$2,915$2,330$1,846$1,451$1,134$590
22 years$2,753$2,175$1,701$1,320$1,016$509
23 years$2,605$2,034$1,571$1,202$912$440
24 years$2,470$1,906$1,453$1,096$820$380
25 years$2,346$1,788$1,346$1,001$738$329
26 years$2,232$1,681$1,248$915$665$284
27 years$2,126$1,582$1,159$838$599$246
28 years$2,028$1,491$1,077$768$541$213
29 years$1,937$1,406$1,003$704$488$185
30 years$1,852$1,328$934$646$441$160
31 years$1,773$1,255$871$593$399$139
32 years$1,699$1,188$812$545$361$120
33 years$1,630$1,125$758$501$326$105
34 years$1,564$1,066$709$461$296$91
35 years$1,503$1,011$662$425$268$79
36 years$1,445$960$620$391$243$68
37 years$1,391$912$580$360$220$59
38 years$1,339$866$543$332$199$51
39 years$1,290$824$509$306$181$45
40 years$1,244$784$477$283$164$39
41 years$1,200$746$447$261$149$34
42 years$1,159$711$420$241$135$29
43 years$1,119$677$394$222$122$25
44 years$1,081$645$370$205$111$22
45 years$1,045$615$347$189$101$19
46 years$1,011$587$326$175$92$17
47 years$978$560$306$162$83$14
48 years$947$535$288$149$76$13
49 years$917$511$270$138$69$11
50 years$888$488$254$128$62$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $910,000, adding $2,972 every year, while hoping to spend $56,100 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: 69/9/22 Blend
52$910,000$910,000$910,000$910,000
53$1,005,886$957,656$943,551$1,069,551
54$1,048,796$944,891$915,470$1,099,745
55$1,094,203$929,620$884,568$1,125,958
56$1,142,302$911,662$850,691$1,153,293
57$1,193,307$890,823$813,679$1,181,858
58$1,247,450$866,900$773,363$1,211,772
59$1,304,988$839,675$729,569$1,243,169
60$1,366,198$808,922$682,111$1,276,199
61$1,431,388$774,396$630,799$1,311,027
62$1,500,891$735,842$575,432$1,347,839
63$1,575,073$692,990$515,800$1,386,840
64$1,654,336$645,552$451,686$1,428,258
65$1,739,120$593,226$382,859$1,472,347
66$1,829,907$535,692$309,082$1,519,391
67$1,927,227$472,610$230,105$1,569,703
68$2,031,660$403,623$145,669$1,623,631
69$2,143,842$328,353$55,502$1,681,563
70$2,264,472$246,401$0$1,743,928
71$2,394,319$157,345$0$1,820,762
72$2,534,224$60,740$0$1,917,560
73$2,685,114$0$0$2,021,939
74$2,848,005$0$0$2,138,970
75$3,024,015$0$0$2,271,967
76$3,214,371$0$0$2,415,846
77$3,420,424$0$0$2,571,633
78$3,643,657$0$0$2,740,456
79$3,885,702$0$0$2,923,553
80$4,148,353$0$0$3,122,289
81$4,433,583$0$0$3,338,164
82$4,743,562$0$0$3,572,825
83$5,080,679$0$0$3,828,088
84$5,447,560$0$0$4,105,949
85$5,847,095$0$0$4,408,605
86$6,282,465$0$0$4,738,473
87$6,757,170$0$0$5,098,214
88$7,275,062$0$0$5,490,756
89$7,840,383$0$0$5,919,321
90$8,457,799$0$0$6,387,458
91$9,132,449$0$0$6,899,072
92$9,869,990$0$0$7,458,464
93$10,676,650$0$0$8,070,368
94$11,559,287$0$0$8,739,997
95$12,525,452$0$0$9,473,092
96$13,583,459$0$0$10,275,973
97$14,742,467$0$0$11,155,602
98$16,012,559$0$0$12,119,644
99$17,404,840$0$0$13,176,544
100$18,931,542$0$0$14,335,598