Can I retire at age 53 with 911,000?

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 $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%20%
1 years$75,230$74,559$73,906$73,268$72,644$69,735
2 years$37,242$36,549$35,877$35,225$34,593$31,698
3 years$24,582$23,885$23,214$22,569$21,947$19,158
4 years$18,252$17,558$16,894$16,260$15,653$12,991
5 years$14,456$13,766$13,111$12,489$11,899$9,371
6 years$11,926$11,241$10,595$9,987$9,415$7,023
7 years$10,119$9,440$8,805$8,211$7,657$5,399
8 years$8,765$8,092$7,467$6,888$6,352$4,227
9 years$7,712$7,045$6,431$5,867$5,350$3,353
10 years$6,870$6,210$5,607$5,058$4,558$2,686
11 years$6,182$5,529$4,936$4,402$3,920$2,169
12 years$5,609$4,962$4,381$3,861$3,397$1,762
13 years$5,125$4,484$3,914$3,409$2,962$1,438
14 years$4,710$4,076$3,517$3,026$2,597$1,178
15 years$4,350$3,724$3,175$2,698$2,286$968
16 years$4,036$3,416$2,879$2,416$2,021$797
17 years$3,759$3,146$2,620$2,171$1,792$658
18 years$3,513$2,907$2,391$1,956$1,593$544
19 years$3,294$2,694$2,189$1,768$1,420$451
20 years$3,096$2,504$2,009$1,601$1,268$374
21 years$2,918$2,332$1,848$1,453$1,135$310
22 years$2,756$2,177$1,703$1,321$1,017$257
23 years$2,608$2,036$1,573$1,203$913$214
24 years$2,473$1,908$1,454$1,097$821$178
25 years$2,349$1,790$1,347$1,002$739$148
26 years$2,234$1,683$1,249$916$665$123
27 years$2,128$1,584$1,160$839$600$102
28 years$2,030$1,492$1,078$768$541$85
29 years$1,939$1,408$1,004$705$489$71
30 years$1,854$1,329$935$647$442$59
31 years$1,775$1,257$872$594$399$49
32 years$1,701$1,189$813$546$361$41
33 years$1,631$1,126$759$502$327$34
34 years$1,566$1,067$709$462$296$28
35 years$1,505$1,012$663$425$268$24
36 years$1,447$961$620$392$243$20
37 years$1,392$913$581$361$220$16
38 years$1,341$867$544$333$200$14
39 years$1,292$825$509$307$181$11
40 years$1,245$785$478$283$164$9
41 years$1,202$747$448$261$149$8
42 years$1,160$711$420$241$135$7
43 years$1,120$678$394$222$123$5
44 years$1,082$646$370$205$111$5
45 years$1,046$616$347$190$101$4
46 years$1,012$588$326$175$92$3
47 years$979$561$307$162$83$3
48 years$948$535$288$149$76$2
49 years$918$511$271$138$69$2
50 years$889$488$255$128$62$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $911,000, adding $5,910 every year, while hoping to spend $39,042 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: 74/17/9 Blend
52$911,000$911,000$911,000$911,000
53$1,010,018$961,735$947,615$1,082,769
54$1,071,500$967,320$937,819$1,137,127
55$1,137,944$971,870$926,387$1,191,172
56$1,209,815$975,293$913,223$1,249,285
57$1,287,626$977,491$898,225$1,311,856
58$1,371,936$978,361$881,288$1,379,314
59$1,463,365$977,792$862,303$1,452,134
60$1,562,592$975,668$841,154$1,530,838
61$1,670,364$971,863$817,720$1,616,002
62$1,787,503$966,246$791,875$1,708,262
63$1,914,913$958,677$763,488$1,808,318
64$2,053,589$949,007$732,419$1,916,941
65$2,204,626$937,078$698,526$2,034,984
66$2,369,227$922,725$661,657$2,163,384
67$2,548,720$905,770$621,654$2,303,177
68$2,744,563$886,026$578,352$2,455,504
69$2,958,361$863,295$531,580$2,621,624
70$3,191,884$837,366$481,158$2,802,924
71$3,447,076$808,017$426,897$3,000,934
72$3,726,081$775,013$368,601$3,217,341
73$4,031,258$738,105$306,066$3,454,007
74$4,365,204$697,030$239,077$3,712,982
75$4,730,779$651,509$167,410$3,996,529
76$5,131,134$601,248$90,833$4,307,142
77$5,569,735$545,935$9,102$4,647,572
78$6,050,404$485,241$0$5,020,850
79$6,577,346$418,819$0$5,437,824
80$7,155,195$346,301$0$5,896,099
81$7,789,054$267,299$0$6,398,891
82$8,484,544$181,403$0$6,950,713
83$9,247,855$88,179$0$7,556,534
84$10,085,807$0$0$8,221,834
85$11,005,913$0$0$8,955,054
86$12,016,447$0$0$9,778,493
87$13,126,525$0$0$10,683,088
88$14,346,190$0$0$11,677,029
89$15,686,505$0$0$12,769,336
90$17,159,657$0$0$13,969,947
91$18,779,075$0$0$15,289,812
92$20,559,550$0$0$16,740,994
93$22,517,382$0$0$18,336,782
94$24,670,527$0$0$20,091,819
95$27,038,768$0$0$22,022,238
96$29,643,903$0$0$24,145,812
97$32,509,948$0$0$26,482,126
98$35,663,364$0$0$29,052,758
99$39,133,307$0$0$31,881,481
100$42,951,901$0$0$34,994,493