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%11.8%
1 years$75,312$74,641$73,987$73,348$72,724$72,175
2 years$37,283$36,589$35,916$35,263$34,631$34,077
3 years$24,609$23,911$23,240$22,594$21,971$21,430
4 years$18,273$17,577$16,913$16,277$15,670$15,146
5 years$14,472$13,781$13,125$12,503$11,912$11,406
6 years$11,939$11,253$10,607$9,998$9,426$8,939
7 years$10,130$9,450$8,814$8,220$7,666$7,198
8 years$8,775$8,101$7,475$6,896$6,359$5,911
9 years$7,721$7,053$6,438$5,874$5,355$4,926
10 years$6,878$6,217$5,613$5,063$4,563$4,153
11 years$6,189$5,535$4,942$4,406$3,924$3,533
12 years$5,615$4,968$4,386$3,865$3,401$3,027
13 years$5,130$4,489$3,918$3,412$2,966$2,610
14 years$4,715$4,081$3,521$3,029$2,600$2,261
15 years$4,355$3,728$3,179$2,701$2,289$1,967
16 years$4,041$3,420$2,882$2,419$2,023$1,718
17 years$3,763$3,150$2,622$2,173$1,794$1,505
18 years$3,517$2,911$2,394$1,959$1,595$1,321
19 years$3,297$2,697$2,192$1,770$1,422$1,163
20 years$3,100$2,507$2,011$1,603$1,270$1,025
21 years$2,921$2,335$1,850$1,455$1,136$905
22 years$2,759$2,179$1,705$1,323$1,019$801
23 years$2,611$2,038$1,574$1,205$914$709
24 years$2,476$1,910$1,456$1,099$822$629
25 years$2,351$1,792$1,349$1,003$739$558
26 years$2,237$1,684$1,251$917$666$496
27 years$2,131$1,585$1,161$840$601$441
28 years$2,033$1,494$1,080$769$542$392
29 years$1,941$1,409$1,005$705$489$349
30 years$1,856$1,331$936$647$442$311
31 years$1,777$1,258$872$595$400$277
32 years$1,703$1,190$814$547$362$247
33 years$1,633$1,127$760$503$327$220
34 years$1,568$1,068$710$462$296$196
35 years$1,506$1,013$664$426$268$175
36 years$1,448$962$621$392$243$156
37 years$1,394$914$581$361$220$140
38 years$1,342$868$544$333$200$125
39 years$1,293$826$510$307$181$111
40 years$1,247$785$478$283$164$99
41 years$1,203$748$448$261$149$89
42 years$1,161$712$420$241$135$79
43 years$1,121$678$395$223$123$71
44 years$1,084$647$370$205$111$63
45 years$1,048$617$348$190$101$57
46 years$1,013$588$327$175$92$51
47 years$980$561$307$162$83$45
48 years$949$536$288$150$76$40
49 years$919$512$271$138$69$36
50 years$890$489$255$128$62$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $912,000, adding $2,005 every year, while hoping to spend $50,546 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: 53/18/29 Blend
52$912,000$912,000$912,000$912,000
53$1,007,092$958,756$944,620$1,052,201
54$1,056,035$951,955$922,484$1,076,922
55$1,108,276$943,126$897,913$1,098,526
56$1,164,098$932,117$870,771$1,121,043
57$1,223,811$918,766$840,917$1,144,581
58$1,287,756$902,902$808,204$1,169,264
59$1,356,306$884,342$772,477$1,195,228
60$1,429,869$862,895$733,575$1,222,627
61$1,508,895$838,356$691,329$1,251,636
62$1,593,877$810,510$645,564$1,282,449
63$1,685,356$779,129$596,094$1,315,284
64$1,783,926$743,970$542,727$1,350,383
65$1,890,241$704,779$485,262$1,388,022
66$2,005,016$661,284$423,489$1,428,504
67$2,129,041$613,200$357,189$1,472,170
68$2,263,181$560,224$286,133$1,519,400
69$2,408,388$502,038$210,081$1,570,619
70$2,565,708$438,303$128,783$1,626,299
71$2,736,293$368,662$41,980$1,686,967
72$2,921,407$292,738$0$1,753,209
73$3,122,442$210,134$0$1,841,352
74$3,340,929$120,428$0$1,951,330
75$3,578,551$23,177$0$2,071,037
76$3,837,162$0$0$2,201,467
77$4,118,799$0$0$2,359,975
78$4,425,706$0$0$2,537,789
79$4,760,351$0$0$2,731,759
80$5,125,452$0$0$2,943,469
81$5,523,999$0$0$3,174,666
82$5,959,283$0$0$3,427,271
83$6,434,929$0$0$3,703,397
84$6,954,927$0$0$4,005,375
85$7,523,670$0$0$4,335,768
86$8,145,993$0$0$4,697,400
87$8,827,223$0$0$5,093,378
88$9,573,224$0$0$5,527,126
89$10,390,454$0$0$6,002,415
90$11,286,026$0$0$6,523,396
91$12,267,772$0$0$7,094,643
92$13,344,319$0$0$7,721,191
93$14,525,168$0$0$8,408,588
94$15,820,786$0$0$9,162,945
95$17,242,700$0$0$9,990,991
96$18,803,607$0$0$10,900,141
97$20,517,494$0$0$11,898,562
98$22,399,769$0$0$12,995,250
99$24,467,405$0$0$14,200,115
100$26,739,100$0$0$15,524,076