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%15.8%
1 years$75,147$74,478$73,825$73,187$72,565$70,839
2 years$37,201$36,509$35,837$35,186$34,555$32,826
3 years$24,555$23,859$23,189$22,544$21,923$20,246
4 years$18,232$17,539$16,876$16,242$15,636$14,023
5 years$14,440$13,751$13,096$12,475$11,886$10,342
6 years$11,913$11,228$10,584$9,977$9,405$7,931
7 years$10,108$9,430$8,795$8,202$7,649$6,245
8 years$8,755$8,083$7,459$6,881$6,345$5,011
9 years$7,704$7,038$6,424$5,861$5,344$4,078
10 years$6,863$6,203$5,601$5,052$4,553$3,355
11 years$6,175$5,522$4,931$4,397$3,916$2,784
12 years$5,603$4,957$4,376$3,857$3,393$2,325
13 years$5,119$4,479$3,910$3,405$2,959$1,952
14 years$4,704$4,072$3,513$3,022$2,594$1,647
15 years$4,345$3,719$3,172$2,695$2,284$1,394
16 years$4,032$3,413$2,876$2,413$2,019$1,184
17 years$3,755$3,143$2,617$2,168$1,790$1,008
18 years$3,510$2,904$2,389$1,954$1,591$860
19 years$3,290$2,692$2,187$1,766$1,418$735
20 years$3,093$2,501$2,007$1,599$1,267$629
21 years$2,915$2,330$1,846$1,451$1,134$539
22 years$2,753$2,175$1,701$1,320$1,016$462
23 years$2,605$2,034$1,571$1,202$912$397
24 years$2,470$1,906$1,453$1,096$820$341
25 years$2,346$1,788$1,346$1,001$738$293
26 years$2,232$1,681$1,248$915$665$252
27 years$2,126$1,582$1,159$838$599$217
28 years$2,028$1,491$1,077$768$541$187
29 years$1,937$1,406$1,003$704$488$161
30 years$1,852$1,328$934$646$441$139
31 years$1,773$1,255$871$593$399$120
32 years$1,699$1,188$812$545$361$103
33 years$1,630$1,125$758$501$326$89
34 years$1,564$1,066$709$461$296$77
35 years$1,503$1,011$662$425$268$66
36 years$1,445$960$620$391$243$57
37 years$1,391$912$580$360$220$49
38 years$1,339$866$543$332$199$43
39 years$1,290$824$509$306$181$37
40 years$1,244$784$477$283$164$32
41 years$1,200$746$447$261$149$27
42 years$1,159$711$420$241$135$24
43 years$1,119$677$394$222$122$20
44 years$1,081$645$370$205$111$18
45 years$1,045$615$347$189$101$15
46 years$1,011$587$326$175$92$13
47 years$978$560$306$162$83$11
48 years$947$535$288$149$76$10
49 years$917$511$270$138$69$8
50 years$888$488$254$128$62$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $910,000, adding $6,380 every year, while hoping to spend $59,233 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: 45/38/17 Blend
52$910,000$910,000$910,000$910,000
53$1,009,401$961,171$947,066$1,049,637
54$1,049,336$945,245$915,769$1,062,481
55$1,091,360$926,553$881,439$1,069,977
56$1,135,622$904,898$843,911$1,076,845
57$1,182,287$880,069$803,013$1,083,051
58$1,231,533$851,845$758,566$1,088,565
59$1,283,554$819,990$710,383$1,093,357
60$1,338,563$784,257$658,268$1,097,399
61$1,396,792$744,381$602,015$1,100,664
62$1,458,494$700,084$541,412$1,103,129
63$1,523,945$651,073$476,233$1,104,777
64$1,593,448$597,036$406,247$1,105,591
65$1,667,332$537,643$331,210$1,105,562
66$1,745,961$472,549$250,866$1,104,686
67$1,829,729$401,384$164,950$1,102,966
68$1,919,071$323,761$73,185$1,100,414
69$2,014,461$239,270$0$1,097,052
70$2,116,419$147,478$0$1,097,401
71$2,225,516$47,927$0$1,111,475
72$2,342,378$0$0$1,126,104
73$2,467,691$0$0$1,166,457
74$2,602,206$0$0$1,231,359
75$2,746,751$0$0$1,301,178
76$2,902,231$0$0$1,376,361
77$3,069,643$0$0$1,457,401
78$3,250,079$0$0$1,544,837
79$3,444,741$0$0$1,639,263
80$3,654,947$0$0$1,741,331
81$3,882,149$0$0$1,851,759
82$4,127,938$0$0$1,971,334
83$4,394,067$0$0$2,100,922
84$4,682,461$0$0$2,241,477
85$4,995,237$0$0$2,394,045
86$5,334,724$0$0$2,559,779
87$5,703,483$0$0$2,739,947
88$6,104,331$0$0$2,935,943
89$6,540,367$0$0$3,149,300
90$7,015,001$0$0$3,381,708
91$7,531,984$0$0$3,635,023
92$8,095,444$0$0$3,911,290
93$8,709,927$0$0$4,212,760
94$9,380,432$0$0$4,541,909
95$10,112,465$0$0$4,901,464
96$10,912,085$0$0$5,294,427
97$11,785,963$0$0$5,724,101
98$12,741,443$0$0$6,194,126
99$13,786,611$0$0$6,708,508
100$14,930,371$0$0$7,271,658