Can I retire at age 53 with 914,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%14.1%
1 years$75,477$74,805$74,149$73,509$72,884$71,647
2 years$37,365$36,669$35,995$35,341$34,706$33,464
3 years$24,663$23,964$23,291$22,643$22,019$20,810
4 years$18,313$17,616$16,950$16,313$15,704$14,538
5 years$14,504$13,811$13,154$12,530$11,938$10,818
6 years$11,965$11,278$10,630$10,020$9,446$8,373
7 years$10,153$9,471$8,834$8,238$7,682$6,656
8 years$8,794$8,118$7,492$6,911$6,373$5,395
9 years$7,738$7,069$6,453$5,887$5,367$4,435
10 years$6,893$6,231$5,626$5,074$4,573$3,687
11 years$6,203$5,547$4,953$4,416$3,933$3,092
12 years$5,628$4,978$4,395$3,874$3,408$2,611
13 years$5,141$4,499$3,927$3,420$2,972$2,218
14 years$4,725$4,090$3,528$3,036$2,605$1,892
15 years$4,365$3,736$3,186$2,707$2,294$1,621
16 years$4,049$3,428$2,888$2,424$2,027$1,393
17 years$3,772$3,157$2,628$2,178$1,798$1,200
18 years$3,525$2,917$2,399$1,963$1,598$1,037
19 years$3,305$2,703$2,196$1,774$1,425$897
20 years$3,106$2,512$2,016$1,606$1,273$778
21 years$2,927$2,340$1,854$1,458$1,139$675
22 years$2,765$2,184$1,709$1,326$1,021$587
23 years$2,617$2,043$1,578$1,207$916$511
24 years$2,481$1,914$1,459$1,101$824$445
25 years$2,356$1,796$1,351$1,006$741$388
26 years$2,242$1,688$1,253$919$668$338
27 years$2,135$1,589$1,164$842$602$295
28 years$2,037$1,497$1,082$771$543$258
29 years$1,946$1,412$1,007$707$490$225
30 years$1,861$1,334$938$649$443$197
31 years$1,781$1,261$874$596$401$172
32 years$1,707$1,193$816$548$362$151
33 years$1,637$1,130$762$504$328$132
34 years$1,571$1,071$712$463$297$115
35 years$1,510$1,016$665$427$269$101
36 years$1,452$964$622$393$244$88
37 years$1,397$916$583$362$221$77
38 years$1,345$870$546$334$200$68
39 years$1,296$827$511$308$182$59
40 years$1,250$787$479$284$165$52
41 years$1,206$749$449$262$149$45
42 years$1,164$714$421$242$136$40
43 years$1,124$680$395$223$123$35
44 years$1,086$648$371$206$112$31
45 years$1,050$618$349$190$101$27
46 years$1,015$590$327$176$92$23
47 years$983$563$308$162$84$21
48 years$951$537$289$150$76$18
49 years$921$513$272$139$69$16
50 years$892$490$255$128$63$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $914,000, adding $6,191 every year, while hoping to spend $40,049 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: 66/22/12 Blend
52$914,000$914,000$914,000$914,000
53$1,013,614$965,172$951,005$1,077,383
54$1,074,391$969,854$940,252$1,125,358
55$1,140,025$973,422$927,796$1,172,484
56$1,210,968$975,781$913,539$1,222,973
57$1,287,720$976,828$897,375$1,277,150
58$1,370,828$976,452$879,198$1,335,376
59$1,460,893$974,539$858,891$1,398,047
60$1,558,577$970,965$836,337$1,465,601
61$1,664,608$965,598$811,411$1,538,522
62$1,779,787$958,301$783,981$1,617,345
63$1,904,993$948,926$753,913$1,702,659
64$2,041,196$937,317$721,063$1,795,115
65$2,189,462$923,309$685,282$1,895,431
66$2,350,962$906,727$646,414$2,004,401
67$2,526,988$887,384$604,297$2,122,902
68$2,718,960$865,085$558,760$2,251,898
69$2,928,441$839,621$509,626$2,392,458
70$3,157,152$810,773$456,708$2,545,758
71$3,406,986$778,305$399,813$2,713,100
72$3,680,030$741,973$338,737$2,895,918
73$3,978,578$701,515$273,270$3,095,794
74$4,305,158$656,655$203,190$3,314,477
75$4,662,554$607,100$128,266$3,553,895
76$5,053,830$552,543$48,258$3,816,175
77$5,482,360$492,657$0$4,103,667
78$5,951,860$427,098$0$4,423,714
79$6,466,425$355,500$0$4,781,326
80$7,030,560$277,480$0$5,173,505
81$7,649,231$192,630$0$5,603,769
82$8,327,905$100,521$0$6,075,996
83$9,072,606$701$0$6,594,460
84$9,889,966$0$0$7,163,878
85$10,787,293$0$0$7,815,424
86$11,772,637$0$0$8,531,127
87$12,854,865$0$0$9,317,266
88$14,043,745$0$0$10,180,944
89$15,350,038$0$0$11,129,986
90$16,785,599$0$0$12,173,014
91$18,363,487$0$0$13,319,526
92$20,098,091$0$0$14,579,985
93$22,005,262$0$0$15,965,920
94$24,102,466$0$0$17,490,031
95$26,408,944$0$0$19,166,313
96$28,945,896$0$0$21,010,183
97$31,736,678$0$0$23,038,629
98$34,807,027$0$0$25,270,366
99$38,185,297$0$0$27,726,017
100$41,902,732$0$0$30,428,303