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%16.8%
1 years$75,477$74,805$74,149$73,509$72,884$70,863
2 years$37,365$36,669$35,995$35,341$34,706$32,686
3 years$24,663$23,964$23,291$22,643$22,019$20,062
4 years$18,313$17,616$16,950$16,313$15,704$13,825
5 years$14,504$13,811$13,154$12,530$11,938$10,143
6 years$11,965$11,278$10,630$10,020$9,446$7,736
7 years$10,153$9,471$8,834$8,238$7,682$6,057
8 years$8,794$8,118$7,492$6,911$6,373$4,832
9 years$7,738$7,069$6,453$5,887$5,367$3,909
10 years$6,893$6,231$5,626$5,074$4,573$3,196
11 years$6,203$5,547$4,953$4,416$3,933$2,634
12 years$5,628$4,978$4,395$3,874$3,408$2,186
13 years$5,141$4,499$3,927$3,420$2,972$1,823
14 years$4,725$4,090$3,528$3,036$2,605$1,527
15 years$4,365$3,736$3,186$2,707$2,294$1,284
16 years$4,049$3,428$2,888$2,424$2,027$1,083
17 years$3,772$3,157$2,628$2,178$1,798$915
18 years$3,525$2,917$2,399$1,963$1,598$775
19 years$3,305$2,703$2,196$1,774$1,425$657
20 years$3,106$2,512$2,016$1,606$1,273$558
21 years$2,927$2,340$1,854$1,458$1,139$475
22 years$2,765$2,184$1,709$1,326$1,021$404
23 years$2,617$2,043$1,578$1,207$916$344
24 years$2,481$1,914$1,459$1,101$824$294
25 years$2,356$1,796$1,351$1,006$741$250
26 years$2,242$1,688$1,253$919$668$214
27 years$2,135$1,589$1,164$842$602$183
28 years$2,037$1,497$1,082$771$543$156
29 years$1,946$1,412$1,007$707$490$133
30 years$1,861$1,334$938$649$443$114
31 years$1,781$1,261$874$596$401$97
32 years$1,707$1,193$816$548$362$83
33 years$1,637$1,130$762$504$328$71
34 years$1,571$1,071$712$463$297$61
35 years$1,510$1,016$665$427$269$52
36 years$1,452$964$622$393$244$45
37 years$1,397$916$583$362$221$38
38 years$1,345$870$546$334$200$33
39 years$1,296$827$511$308$182$28
40 years$1,250$787$479$284$165$24
41 years$1,206$749$449$262$149$20
42 years$1,164$714$421$242$136$18
43 years$1,124$680$395$223$123$15
44 years$1,086$648$371$206$112$13
45 years$1,050$618$349$190$101$11
46 years$1,015$590$327$176$92$9
47 years$983$563$308$162$84$8
48 years$951$537$289$150$76$7
49 years$921$513$272$139$69$6
50 years$892$490$255$128$63$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $914,000, adding $3,605 every year, while hoping to spend $21,751 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: 37/34/29 Blend
52$914,000$914,000$914,000$914,000
53$1,010,947$962,505$948,338$1,039,483
54$1,090,920$986,524$956,964$1,084,966
55$1,178,322$1,010,992$965,150$1,131,830
56$1,273,887$1,035,907$972,859$1,182,041
57$1,378,424$1,061,267$980,050$1,235,914
58$1,492,824$1,087,069$986,682$1,293,801
59$1,618,067$1,113,311$992,711$1,356,087
60$1,755,234$1,139,987$998,091$1,423,197
61$1,905,513$1,167,092$1,002,773$1,495,599
62$2,070,216$1,194,619$1,006,706$1,573,809
63$2,250,783$1,222,562$1,009,836$1,658,398
64$2,448,805$1,250,909$1,012,107$1,749,992
65$2,666,031$1,279,651$1,013,461$1,849,284
66$2,904,389$1,308,777$1,013,834$1,957,038
67$3,166,001$1,338,272$1,013,163$2,074,094
68$3,453,207$1,368,121$1,011,377$2,201,380
69$3,768,583$1,398,307$1,008,407$2,339,919
70$4,114,966$1,428,812$1,004,176$2,490,840
71$4,495,482$1,459,614$998,606$2,655,385
72$4,913,577$1,490,690$991,615$2,834,926
73$5,373,042$1,522,015$983,115$3,030,975
74$5,878,060$1,553,560$973,016$3,245,199
75$6,433,233$1,585,296$961,224$3,479,437
76$7,043,636$1,617,189$947,638$3,735,716
77$7,714,858$1,649,202$932,154$4,016,269
78$8,453,056$1,681,296$914,665$4,323,563
79$9,265,017$1,713,428$895,055$4,660,312
80$10,158,214$1,745,552$873,204$5,029,515
81$11,140,885$1,777,617$848,990$5,434,472
82$12,222,104$1,809,569$822,279$5,878,827
83$13,411,870$1,841,349$792,937$6,366,594
84$14,721,200$1,872,894$760,820$6,902,200
85$16,162,233$1,904,137$725,778$7,490,526
86$17,748,345$1,935,004$687,656$8,136,953
87$19,494,274$1,965,417$646,290$8,847,413
88$21,416,259$1,995,291$601,510$9,628,447
89$23,532,193$2,024,537$553,137$10,487,265
90$25,861,795$2,053,057$500,985$11,431,816
91$28,426,789$2,080,748$444,859$12,470,864
92$31,251,116$2,107,499$384,556$13,614,070
93$34,361,156$2,133,192$319,865$14,872,084
94$37,785,976$2,157,701$250,562$16,256,647
95$41,557,607$2,180,890$176,418$17,780,702
96$45,711,345$2,202,615$97,189$19,458,516
97$50,286,081$2,222,723$12,625$21,305,818
98$55,324,675$2,241,050$0$23,339,944
99$60,874,352$2,257,421$0$25,604,026
100$66,987,152$2,271,651$0$28,100,841