Can I retire at age 53 with 912,000?

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 $912,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$75,312$74,641$73,987$73,348$72,724$71,256
2 years$37,283$36,589$35,916$35,263$34,631$33,158
3 years$24,609$23,911$23,240$22,594$21,971$20,540
4 years$18,273$17,577$16,913$16,277$15,670$14,291
5 years$14,472$13,781$13,125$12,503$11,912$10,589
6 years$11,939$11,253$10,607$9,998$9,426$8,161
7 years$10,130$9,450$8,814$8,220$7,666$6,459
8 years$8,775$8,101$7,475$6,896$6,359$5,210
9 years$7,721$7,053$6,438$5,874$5,355$4,263
10 years$6,878$6,217$5,613$5,063$4,563$3,527
11 years$6,189$5,535$4,942$4,406$3,924$2,943
12 years$5,615$4,968$4,386$3,865$3,401$2,472
13 years$5,130$4,489$3,918$3,412$2,966$2,089
14 years$4,715$4,081$3,521$3,029$2,600$1,772
15 years$4,355$3,728$3,179$2,701$2,289$1,510
16 years$4,041$3,420$2,882$2,419$2,023$1,290
17 years$3,763$3,150$2,622$2,173$1,794$1,106
18 years$3,517$2,911$2,394$1,959$1,595$949
19 years$3,297$2,697$2,192$1,770$1,422$817
20 years$3,100$2,507$2,011$1,603$1,270$704
21 years$2,921$2,335$1,850$1,455$1,136$607
22 years$2,759$2,179$1,705$1,323$1,019$525
23 years$2,611$2,038$1,574$1,205$914$454
24 years$2,476$1,910$1,456$1,099$822$393
25 years$2,351$1,792$1,349$1,003$739$340
26 years$2,237$1,684$1,251$917$666$295
27 years$2,131$1,585$1,161$840$601$256
28 years$2,033$1,494$1,080$769$542$222
29 years$1,941$1,409$1,005$705$489$193
30 years$1,856$1,331$936$647$442$167
31 years$1,777$1,258$872$595$400$145
32 years$1,703$1,190$814$547$362$126
33 years$1,633$1,127$760$503$327$110
34 years$1,568$1,068$710$462$296$95
35 years$1,506$1,013$664$426$268$83
36 years$1,448$962$621$392$243$72
37 years$1,394$914$581$361$220$63
38 years$1,342$868$544$333$200$54
39 years$1,293$826$510$307$181$47
40 years$1,247$785$478$283$164$41
41 years$1,203$748$448$261$149$36
42 years$1,161$712$420$241$135$31
43 years$1,121$678$395$223$123$27
44 years$1,084$647$370$205$111$24
45 years$1,048$617$348$190$101$21
46 years$1,013$588$327$175$92$18
47 years$980$561$307$162$83$16
48 years$949$536$288$150$76$14
49 years$919$512$271$138$69$12
50 years$890$489$255$128$62$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $912,000, adding $3,069 every year, while hoping to spend $51,208 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: 69/25/6 Blend
52$912,000$912,000$912,000$912,000
53$1,008,190$959,854$945,718$1,076,705
54$1,056,540$952,402$922,914$1,114,981
55$1,108,106$942,868$897,631$1,150,268
56$1,163,161$931,097$869,730$1,187,463
57$1,222,006$916,923$839,068$1,226,744
58$1,284,969$900,171$805,496$1,268,304
59$1,352,412$880,655$768,856$1,312,361
60$1,424,730$858,179$728,984$1,359,153
61$1,502,357$832,534$685,709$1,408,945
62$1,585,769$803,500$638,852$1,462,030
63$1,675,490$770,844$588,226$1,518,735
64$1,772,093$734,319$533,635$1,579,418
65$1,876,210$693,664$474,875$1,644,479
66$1,988,532$648,602$411,733$1,714,358
67$2,109,821$598,843$343,984$1,789,545
68$2,240,913$544,076$271,398$1,870,578
69$2,382,728$483,977$193,731$1,958,058
70$2,536,274$418,200$110,729$2,052,646
71$2,702,663$346,381$22,128$2,155,074
72$2,883,116$268,135$0$2,266,155
73$3,078,975$183,055$0$2,391,420
74$3,291,719$90,713$0$2,529,039
75$3,522,971$0$0$2,678,711
76$3,774,519$0$0$2,844,239
77$4,048,329$0$0$3,051,625
78$4,346,565$0$0$3,277,558
79$4,671,609$0$0$3,523,849
80$5,026,080$0$0$3,792,489
81$5,412,863$0$0$4,085,670
82$5,835,134$0$0$4,405,806
83$6,296,385$0$0$4,755,553
84$6,800,466$0$0$5,137,835
85$7,351,611$0$0$5,555,871
86$7,954,484$0$0$6,013,208
87$8,614,220$0$0$6,513,749
88$9,336,472$0$0$7,061,791
89$10,127,468$0$0$7,662,068
90$10,994,064$0$0$8,319,793
91$11,943,811$0$0$9,040,705
92$12,985,026$0$0$9,831,128
93$14,126,866$0$0$10,698,024
94$15,379,422$0$0$11,649,064
95$16,753,804$0$0$12,692,695
96$18,262,252$0$0$13,838,222
97$19,918,249$0$0$15,095,896
98$21,736,643$0$0$16,477,006
99$23,733,797$0$0$17,993,992
100$25,927,730$0$0$19,660,554