Can I retire at age 53 with 914,000?

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 $914,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$75,477$74,805$74,149$73,509$72,884$72,364
2 years$37,365$36,669$35,995$35,341$34,706$34,182
3 years$24,663$23,964$23,291$22,643$22,019$21,507
4 years$18,313$17,616$16,950$16,313$15,704$15,208
5 years$14,504$13,811$13,154$12,530$11,938$11,459
6 years$11,965$11,278$10,630$10,020$9,446$8,985
7 years$10,153$9,471$8,834$8,238$7,682$7,239
8 years$8,794$8,118$7,492$6,911$6,373$5,948
9 years$7,738$7,069$6,453$5,887$5,367$4,960
10 years$6,893$6,231$5,626$5,074$4,573$4,184
11 years$6,203$5,547$4,953$4,416$3,933$3,561
12 years$5,628$4,978$4,395$3,874$3,408$3,054
13 years$5,141$4,499$3,927$3,420$2,972$2,634
14 years$4,725$4,090$3,528$3,036$2,605$2,284
15 years$4,365$3,736$3,186$2,707$2,294$1,989
16 years$4,049$3,428$2,888$2,424$2,027$1,737
17 years$3,772$3,157$2,628$2,178$1,798$1,523
18 years$3,525$2,917$2,399$1,963$1,598$1,338
19 years$3,305$2,703$2,196$1,774$1,425$1,178
20 years$3,106$2,512$2,016$1,606$1,273$1,040
21 years$2,927$2,340$1,854$1,458$1,139$919
22 years$2,765$2,184$1,709$1,326$1,021$814
23 years$2,617$2,043$1,578$1,207$916$721
24 years$2,481$1,914$1,459$1,101$824$640
25 years$2,356$1,796$1,351$1,006$741$568
26 years$2,242$1,688$1,253$919$668$505
27 years$2,135$1,589$1,164$842$602$450
28 years$2,037$1,497$1,082$771$543$400
29 years$1,946$1,412$1,007$707$490$357
30 years$1,861$1,334$938$649$443$318
31 years$1,781$1,261$874$596$401$283
32 years$1,707$1,193$816$548$362$253
33 years$1,637$1,130$762$504$328$226
34 years$1,571$1,071$712$463$297$201
35 years$1,510$1,016$665$427$269$180
36 years$1,452$964$622$393$244$161
37 years$1,397$916$583$362$221$144
38 years$1,345$870$546$334$200$128
39 years$1,296$827$511$308$182$115
40 years$1,250$787$479$284$165$103
41 years$1,206$749$449$262$149$92
42 years$1,164$714$421$242$136$82
43 years$1,124$680$395$223$123$73
44 years$1,086$648$371$206$112$66
45 years$1,050$618$349$190$101$59
46 years$1,015$590$327$176$92$52
47 years$983$563$308$162$84$47
48 years$951$537$289$150$76$42
49 years$921$513$272$139$69$38
50 years$892$490$255$128$63$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $914,000, adding $6,139 every year, while hoping to spend $26,962 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: 71/11/18 Blend
52$914,000$914,000$914,000$914,000
53$1,013,560$965,118$950,951$1,080,769
54$1,088,256$983,722$954,121$1,144,885
55$1,169,667$1,002,333$956,493$1,211,248
56$1,258,450$1,020,924$958,012$1,283,219
57$1,355,328$1,039,465$958,621$1,361,351
58$1,461,095$1,057,922$958,259$1,446,251
59$1,576,627$1,076,261$956,861$1,538,588
60$1,702,888$1,094,444$954,361$1,639,098
61$1,840,940$1,112,428$950,689$1,748,596
62$1,991,950$1,130,171$945,771$1,867,976
63$2,157,205$1,147,626$939,531$1,998,225
64$2,338,121$1,164,741$931,886$2,140,431
65$2,536,258$1,181,462$922,754$2,295,791
66$2,753,335$1,197,732$912,044$2,465,628
67$2,991,242$1,213,488$899,665$2,651,396
68$3,252,064$1,228,664$885,518$2,854,701
69$3,538,094$1,243,188$869,503$3,077,310
70$3,851,860$1,256,985$851,512$3,321,173
71$4,196,146$1,269,974$831,434$3,588,438
72$4,574,019$1,282,068$809,153$3,881,472
73$4,988,855$1,293,175$784,545$4,202,884
74$5,444,375$1,303,198$757,485$4,555,551
75$5,944,679$1,312,032$727,838$4,942,644
76$6,494,280$1,319,565$695,464$5,367,655
77$7,098,152$1,325,680$660,218$5,834,435
78$7,761,775$1,330,250$621,947$6,347,230
79$8,491,186$1,333,142$580,492$6,910,716
80$9,293,035$1,334,213$535,686$7,530,052
81$10,174,648$1,333,313$487,355$8,210,918
82$11,144,097$1,330,281$435,317$8,959,579
83$12,210,278$1,324,947$379,382$9,782,940
84$13,382,987$1,317,131$319,352$10,688,608
85$14,673,021$1,306,640$255,020$11,684,970
86$16,092,276$1,293,271$186,170$12,781,271
87$17,653,856$1,276,810$112,575$13,987,696
88$19,372,203$1,257,027$34,000$15,315,476
89$21,263,227$1,233,681$0$16,776,986
90$23,344,461$1,206,516$0$18,395,439
91$25,635,220$1,175,259$0$20,183,886
92$28,156,790$1,139,624$0$22,152,410
93$30,932,623$1,099,307$0$24,319,325
94$33,988,562$1,053,985$0$26,704,814
95$37,353,083$1,003,317$0$29,331,117
96$41,057,562$946,944$0$32,222,741
97$45,136,574$884,485$0$35,406,694
98$49,628,215$815,536$0$38,912,738
99$54,574,467$739,671$0$42,773,669
100$60,021,588$656,440$0$47,025,629