Can I retire at age 53 with 911,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $911,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$75,230$74,559$73,906$73,268$72,644$71,796
2 years$37,242$36,549$35,877$35,225$34,593$33,739
3 years$24,582$23,885$23,214$22,569$21,947$21,114
4 years$18,252$17,558$16,894$16,260$15,653$14,847
5 years$14,456$13,766$13,111$12,489$11,899$11,123
6 years$11,926$11,241$10,595$9,987$9,415$8,670
7 years$10,119$9,440$8,805$8,211$7,657$6,943
8 years$8,765$8,092$7,467$6,888$6,352$5,669
9 years$7,712$7,045$6,431$5,867$5,350$4,697
10 years$6,870$6,210$5,607$5,058$4,558$3,936
11 years$6,182$5,529$4,936$4,402$3,920$3,327
12 years$5,609$4,962$4,381$3,861$3,397$2,833
13 years$5,125$4,484$3,914$3,409$2,962$2,427
14 years$4,710$4,076$3,517$3,026$2,597$2,089
15 years$4,350$3,724$3,175$2,698$2,286$1,805
16 years$4,036$3,416$2,879$2,416$2,021$1,566
17 years$3,759$3,146$2,620$2,171$1,792$1,362
18 years$3,513$2,907$2,391$1,956$1,593$1,187
19 years$3,294$2,694$2,189$1,768$1,420$1,037
20 years$3,096$2,504$2,009$1,601$1,268$908
21 years$2,918$2,332$1,848$1,453$1,135$796
22 years$2,756$2,177$1,703$1,321$1,017$699
23 years$2,608$2,036$1,573$1,203$913$614
24 years$2,473$1,908$1,454$1,097$821$540
25 years$2,349$1,790$1,347$1,002$739$476
26 years$2,234$1,683$1,249$916$665$419
27 years$2,128$1,584$1,160$839$600$370
28 years$2,030$1,492$1,078$768$541$326
29 years$1,939$1,408$1,004$705$489$288
30 years$1,854$1,329$935$647$442$255
31 years$1,775$1,257$872$594$399$225
32 years$1,701$1,189$813$546$361$199
33 years$1,631$1,126$759$502$327$176
34 years$1,566$1,067$709$462$296$156
35 years$1,505$1,012$663$425$268$138
36 years$1,447$961$620$392$243$122
37 years$1,392$913$581$361$220$108
38 years$1,341$867$544$333$200$96
39 years$1,292$825$509$307$181$85
40 years$1,245$785$478$283$164$75
41 years$1,202$747$448$261$149$66
42 years$1,160$711$420$241$135$59
43 years$1,120$678$394$222$123$52
44 years$1,082$646$370$205$111$46
45 years$1,046$616$347$190$101$41
46 years$1,012$588$326$175$92$36
47 years$979$561$307$162$83$32
48 years$948$535$288$149$76$28
49 years$918$511$271$138$69$25
50 years$889$488$255$128$62$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $911,000, adding $4,938 every year, while hoping to spend $42,572 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: 30/47/23 Blend
52$911,000$911,000$911,000$911,000
53$1,009,016$960,733$946,612$1,031,953
54$1,066,639$962,512$933,027$1,051,742
55$1,128,713$962,952$917,561$1,068,891
56$1,195,647$961,942$900,104$1,086,462
57$1,267,890$959,364$880,544$1,104,519
58$1,345,935$955,094$858,764$1,123,134
59$1,430,327$948,999$834,638$1,142,393
60$1,521,659$940,940$808,038$1,162,393
61$1,620,590$930,767$778,828$1,183,246
62$1,727,838$918,322$746,867$1,205,078
63$1,844,197$903,440$712,006$1,228,035
64$1,970,538$885,941$674,092$1,252,279
65$2,107,821$865,640$632,962$1,277,998
66$2,257,099$842,337$588,446$1,305,402
67$2,419,533$815,822$540,370$1,334,729
68$2,596,401$785,873$488,547$1,366,248
69$2,789,106$752,253$432,786$1,400,261
70$2,999,196$714,714$372,885$1,437,109
71$3,228,371$672,991$308,633$1,477,175
72$3,478,504$626,807$239,812$1,520,888
73$3,751,657$575,867$166,192$1,568,730
74$4,050,100$519,858$87,533$1,621,242
75$4,376,331$458,452$3,586$1,679,027
76$4,733,101$391,300$0$1,742,761
77$5,123,438$318,035$0$1,834,306
78$5,550,678$238,268$0$1,935,710
79$6,018,493$151,589$0$2,047,105
80$6,530,926$57,564$0$2,169,612
81$7,092,433$0$0$2,304,478
82$7,707,916$0$0$2,475,979
83$8,382,779$0$0$2,696,812
84$9,122,970$0$0$2,939,172
85$9,935,043$0$0$3,205,221
86$10,826,215$0$0$3,497,345
87$11,804,438$0$0$3,818,168
88$12,878,469$0$0$4,170,585
89$14,057,955$0$0$4,557,782
90$15,353,524$0$0$4,983,269
91$16,776,884$0$0$5,450,914
92$18,340,931$0$0$5,964,979
93$20,059,874$0$0$6,530,158
94$21,949,366$0$0$7,151,623
95$24,026,654$0$0$7,835,072
96$26,310,736$0$0$8,586,783
97$28,822,546$0$0$9,413,673
98$31,585,145$0$0$10,323,364
99$34,623,945$0$0$11,324,253
100$37,966,942$0$0$12,425,591