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%16.1%
1 years$75,395$74,723$74,068$73,428$72,804$70,986
2 years$37,324$36,629$35,955$35,302$34,669$32,849
3 years$24,636$23,937$23,265$22,618$21,995$20,230
4 years$18,293$17,597$16,931$16,295$15,687$13,991
5 years$14,488$13,796$13,139$12,516$11,925$10,302
6 years$11,952$11,265$10,619$10,009$9,436$7,887
7 years$10,141$9,461$8,824$8,229$7,674$6,200
8 years$8,784$8,110$7,484$6,903$6,366$4,967
9 years$7,729$7,061$6,446$5,880$5,361$4,035
10 years$6,886$6,224$5,619$5,069$4,568$3,313
11 years$6,196$5,541$4,947$4,411$3,929$2,743
12 years$5,621$4,973$4,391$3,869$3,405$2,287
13 years$5,136$4,494$3,923$3,416$2,969$1,917
14 years$4,720$4,085$3,525$3,032$2,602$1,613
15 years$4,360$3,732$3,182$2,704$2,291$1,363
16 years$4,045$3,424$2,885$2,421$2,025$1,155
17 years$3,767$3,153$2,625$2,176$1,796$981
18 years$3,521$2,914$2,397$1,961$1,597$835
19 years$3,301$2,700$2,194$1,772$1,423$712
20 years$3,103$2,509$2,014$1,605$1,271$608
21 years$2,924$2,337$1,852$1,456$1,138$520
22 years$2,762$2,182$1,707$1,324$1,020$445
23 years$2,614$2,041$1,576$1,206$915$381
24 years$2,478$1,912$1,458$1,100$823$327
25 years$2,354$1,794$1,350$1,004$740$280
26 years$2,239$1,686$1,252$918$667$241
27 years$2,133$1,587$1,163$841$601$207
28 years$2,035$1,495$1,081$770$542$178
29 years$1,944$1,411$1,006$706$490$153
30 years$1,858$1,332$937$648$443$131
31 years$1,779$1,259$873$595$400$113
32 years$1,705$1,192$815$547$362$97
33 years$1,635$1,129$761$503$328$84
34 years$1,570$1,070$711$463$297$72
35 years$1,508$1,015$665$426$269$62
36 years$1,450$963$622$392$243$53
37 years$1,395$915$582$362$221$46
38 years$1,344$869$545$333$200$39
39 years$1,295$826$511$307$181$34
40 years$1,248$786$479$283$164$29
41 years$1,204$749$449$262$149$25
42 years$1,162$713$421$241$135$22
43 years$1,123$679$395$223$123$19
44 years$1,085$647$371$206$112$16
45 years$1,049$617$348$190$101$14
46 years$1,014$589$327$175$92$12
47 years$981$562$307$162$83$10
48 years$950$537$289$150$76$9
49 years$920$512$271$138$69$8
50 years$891$489$255$128$63$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $913,000, adding $4,926 every year, while hoping to spend $43,664 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: 41/47/12 Blend
52$913,000$913,000$913,000$913,000
53$1,011,207$962,818$948,667$1,048,886
54$1,067,892$963,538$933,989$1,076,581
55$1,128,896$962,830$917,356$1,101,832
56$1,194,612$960,577$898,656$1,128,199
57$1,265,474$956,658$877,773$1,155,800
58$1,341,958$950,939$854,584$1,184,773
59$1,424,587$943,284$828,962$1,215,268
60$1,513,935$933,545$800,772$1,247,457
61$1,610,633$921,566$769,875$1,281,531
62$1,715,377$907,182$736,125$1,317,704
63$1,828,929$890,218$699,368$1,356,216
64$1,952,128$870,487$659,446$1,397,334
65$2,085,899$847,794$616,191$1,441,359
66$2,231,255$821,931$569,428$1,488,625
67$2,389,315$792,677$518,976$1,539,506
68$2,561,307$759,800$464,643$1,594,418
69$2,748,582$723,053$406,231$1,653,827
70$2,952,630$682,174$343,532$1,718,250
71$3,175,086$636,889$276,328$1,788,264
72$3,417,754$586,906$204,394$1,864,512
73$3,682,616$531,916$127,493$1,947,710
74$3,971,857$471,593$45,377$2,038,651
75$4,287,878$405,593$0$2,138,221
76$4,633,327$333,552$0$2,252,812
77$5,011,116$255,086$0$2,384,659
78$5,424,454$169,789$0$2,529,194
79$5,876,871$77,232$0$2,687,802
80$6,372,257$0$0$2,862,016
81$6,914,895$0$0$3,065,450
82$7,509,500$0$0$3,332,251
83$8,161,268$0$0$3,624,822
84$8,875,919$0$0$3,945,743
85$9,659,754$0$0$4,297,861
86$10,519,713$0$0$4,684,310
87$11,463,439$0$0$5,108,540
88$12,499,353$0$0$5,574,354
89$13,636,729$0$0$6,085,940
90$14,885,784$0$0$6,647,913
91$16,257,774$0$0$7,265,356
92$17,765,096$0$0$7,943,867
93$19,421,410$0$0$8,689,615
94$21,241,762$0$0$9,509,398
95$23,242,730$0$0$10,410,701
96$25,442,577$0$0$11,401,775
97$27,861,426$0$0$12,491,708
98$30,521,443$0$0$13,690,513
99$33,447,054$0$0$15,009,223
100$36,665,169$0$0$16,459,992