Can I retire at age 53 with 913,000?

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 $913,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$75,395$74,723$74,068$73,428$72,804$70,530
2 years$37,324$36,629$35,955$35,302$34,669$32,398
3 years$24,636$23,937$23,265$22,618$21,995$19,799
4 years$18,293$17,597$16,931$16,295$15,687$13,582
5 years$14,488$13,796$13,139$12,516$11,925$9,917
6 years$11,952$11,265$10,619$10,009$9,436$7,527
7 years$10,141$9,461$8,824$8,229$7,674$5,863
8 years$8,784$8,110$7,484$6,903$6,366$4,653
9 years$7,729$7,061$6,446$5,880$5,361$3,743
10 years$6,886$6,224$5,619$5,069$4,568$3,043
11 years$6,196$5,541$4,947$4,411$3,929$2,494
12 years$5,621$4,973$4,391$3,869$3,405$2,057
13 years$5,136$4,494$3,923$3,416$2,969$1,706
14 years$4,720$4,085$3,525$3,032$2,602$1,420
15 years$4,360$3,732$3,182$2,704$2,291$1,186
16 years$4,045$3,424$2,885$2,421$2,025$994
17 years$3,767$3,153$2,625$2,176$1,796$834
18 years$3,521$2,914$2,397$1,961$1,597$702
19 years$3,301$2,700$2,194$1,772$1,423$591
20 years$3,103$2,509$2,014$1,605$1,271$499
21 years$2,924$2,337$1,852$1,456$1,138$421
22 years$2,762$2,182$1,707$1,324$1,020$356
23 years$2,614$2,041$1,576$1,206$915$301
24 years$2,478$1,912$1,458$1,100$823$255
25 years$2,354$1,794$1,350$1,004$740$216
26 years$2,239$1,686$1,252$918$667$183
27 years$2,133$1,587$1,163$841$601$155
28 years$2,035$1,495$1,081$770$542$132
29 years$1,944$1,411$1,006$706$490$112
30 years$1,858$1,332$937$648$443$95
31 years$1,779$1,259$873$595$400$80
32 years$1,705$1,192$815$547$362$68
33 years$1,635$1,129$761$503$328$58
34 years$1,570$1,070$711$463$297$49
35 years$1,508$1,015$665$426$269$42
36 years$1,450$963$622$392$243$35
37 years$1,395$915$582$362$221$30
38 years$1,344$869$545$333$200$26
39 years$1,295$826$511$307$181$22
40 years$1,248$786$479$283$164$18
41 years$1,204$749$449$262$149$16
42 years$1,162$713$421$241$135$13
43 years$1,123$679$395$223$123$11
44 years$1,085$647$371$206$112$10
45 years$1,049$617$348$190$101$8
46 years$1,014$589$327$175$92$7
47 years$981$562$307$162$83$6
48 years$950$537$289$150$76$5
49 years$920$512$271$138$69$4
50 years$891$489$255$128$63$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $913,000, adding $5,114 every year, while hoping to spend $22,858 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: 53/36/11 Blend
52$913,000$913,000$913,000$913,000
53$1,011,401$963,012$948,861$1,061,864
54$1,090,243$985,879$956,327$1,119,628
55$1,176,361$1,009,100$963,277$1,179,543
56$1,270,473$1,032,669$969,669$1,244,197
57$1,373,369$1,056,578$975,461$1,314,043
58$1,485,920$1,080,817$980,606$1,389,582
59$1,609,083$1,105,377$985,056$1,471,363
60$1,743,915$1,130,245$988,761$1,559,992
61$1,891,576$1,155,409$991,666$1,656,139
62$2,053,348$1,180,855$993,718$1,760,537
63$2,230,638$1,206,566$994,856$1,873,998
64$2,424,999$1,232,523$995,019$1,997,414
65$2,638,140$1,258,708$994,144$2,131,768
66$2,871,943$1,285,098$992,161$2,278,146
67$3,128,484$1,311,670$989,001$2,437,740
68$3,410,045$1,338,397$984,588$2,611,866
69$3,719,142$1,365,252$978,844$2,801,975
70$4,058,548$1,392,202$971,688$3,009,664
71$4,431,314$1,419,215$963,035$3,236,694
72$4,840,805$1,446,253$952,793$3,485,006
73$5,290,725$1,473,277$940,869$3,756,737
74$5,785,155$1,500,244$927,165$4,054,244
75$6,328,594$1,527,109$911,578$4,380,125
76$6,925,993$1,553,820$893,998$4,737,241
77$7,582,811$1,580,324$874,314$5,128,748
78$8,305,062$1,606,564$852,408$5,558,123
79$9,099,369$1,632,476$828,154$6,029,196
80$9,973,032$1,657,995$801,425$6,546,191
81$10,934,093$1,683,049$772,085$7,113,763
82$11,991,413$1,707,560$739,991$7,737,043
83$13,154,753$1,731,446$704,997$8,421,683
84$14,434,871$1,754,620$666,947$9,173,916
85$15,843,618$1,776,987$625,680$10,000,610
86$17,394,053$1,798,446$581,027$10,909,336
87$19,100,567$1,818,890$532,812$11,908,437
88$20,979,012$1,838,203$480,849$13,007,109
89$23,046,861$1,856,264$424,946$14,215,487
90$25,323,361$1,872,941$364,902$15,544,743
91$27,829,724$1,888,096$300,507$17,007,188
92$30,589,323$1,901,580$231,541$18,616,394
93$33,627,912$1,913,235$157,775$20,387,315
94$36,973,869$1,922,893$78,971$22,336,436
95$40,658,464$1,930,376$0$24,481,926
96$44,716,156$1,935,493$0$26,844,411
97$49,184,914$1,938,042$0$29,455,289
98$54,106,578$1,937,809$0$32,329,636
99$59,527,254$1,934,567$0$35,494,297
100$65,497,745$1,928,071$0$38,978,850