Can I retire at age 53 with 915,000?

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 $915,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$75,560$74,887$74,230$73,589$72,963$70,124
2 years$37,406$36,709$36,034$35,379$34,744$31,918
3 years$24,690$23,990$23,316$22,668$22,043$19,319
4 years$18,333$17,635$16,968$16,331$15,721$13,120
5 years$14,519$13,826$13,168$12,544$11,951$9,479
6 years$11,978$11,290$10,642$10,031$9,457$7,115
7 years$10,164$9,481$8,843$8,247$7,691$5,480
8 years$8,803$8,127$7,500$6,918$6,380$4,297
9 years$7,746$7,076$6,460$5,893$5,373$3,415
10 years$6,901$6,237$5,632$5,080$4,578$2,742
11 years$6,209$5,553$4,958$4,421$3,937$2,218
12 years$5,634$4,984$4,400$3,878$3,412$1,805
13 years$5,147$4,504$3,931$3,424$2,975$1,476
14 years$4,730$4,094$3,532$3,039$2,608$1,212
15 years$4,369$3,740$3,189$2,710$2,296$998
16 years$4,054$3,431$2,891$2,427$2,030$824
17 years$3,776$3,160$2,631$2,180$1,800$682
18 years$3,529$2,920$2,402$1,965$1,600$565
19 years$3,308$2,706$2,199$1,776$1,426$469
20 years$3,110$2,515$2,018$1,608$1,274$390
21 years$2,931$2,342$1,856$1,459$1,140$324
22 years$2,768$2,187$1,711$1,327$1,022$270
23 years$2,620$2,045$1,580$1,208$917$224
24 years$2,484$1,916$1,461$1,102$824$187
25 years$2,359$1,798$1,353$1,007$742$156
26 years$2,244$1,690$1,255$920$668$130
27 years$2,138$1,590$1,165$842$603$108
28 years$2,039$1,499$1,083$772$544$90
29 years$1,948$1,414$1,008$708$491$76
30 years$1,863$1,335$939$650$444$63
31 years$1,783$1,262$875$597$401$53
32 years$1,708$1,194$817$548$363$44
33 years$1,639$1,131$763$504$328$37
34 years$1,573$1,072$712$464$297$31
35 years$1,511$1,017$666$427$269$26
36 years$1,453$965$623$393$244$21
37 years$1,398$917$583$362$221$18
38 years$1,347$871$546$334$200$15
39 years$1,297$828$512$308$182$12
40 years$1,251$788$480$284$165$10
41 years$1,207$750$450$262$150$9
42 years$1,165$714$422$242$136$7
43 years$1,125$681$396$223$123$6
44 years$1,087$649$372$206$112$5
45 years$1,051$619$349$190$101$4
46 years$1,017$590$328$176$92$4
47 years$984$563$308$162$84$3
48 years$952$538$289$150$76$2
49 years$922$514$272$139$69$2
50 years$893$491$256$128$63$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $915,000, adding $5,886 every year, while hoping to spend $53,638 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: 38/46/16 Blend
52$915,000$915,000$915,000$915,000
53$1,014,401$965,906$951,724$1,047,852
54$1,060,800$956,165$926,536$1,062,625
55$1,110,133$944,149$898,707$1,073,004
56$1,162,645$929,690$868,091$1,083,077
57$1,218,599$912,610$834,537$1,092,846
58$1,278,288$892,719$797,886$1,102,314
59$1,342,030$869,819$757,972$1,111,492
60$1,410,174$843,698$714,621$1,120,395
61$1,483,104$814,131$667,653$1,129,045
62$1,561,239$780,882$616,877$1,137,473
63$1,645,040$743,699$562,097$1,145,719
64$1,735,011$702,318$503,105$1,153,831
65$1,831,709$656,458$439,686$1,161,871
66$1,935,741$605,823$371,613$1,169,914
67$2,047,776$550,097$298,652$1,178,049
68$2,168,549$488,951$220,555$1,186,384
69$2,298,864$422,034$137,068$1,195,044
70$2,439,610$348,975$47,921$1,204,178
71$2,591,759$269,383$0$1,213,959
72$2,756,381$182,846$0$1,232,648
73$2,934,653$88,926$0$1,261,671
74$3,127,868$0$0$1,293,158
75$3,337,448$0$0$1,333,966
76$3,564,957$0$0$1,427,233
77$3,812,116$0$0$1,528,666
78$4,080,816$0$0$1,639,055
79$4,373,139$0$0$1,759,268
80$4,691,375$0$0$1,890,264
81$5,038,045$0$0$2,033,095
82$5,415,923$0$0$2,188,921
83$5,828,059$0$0$2,359,017
84$6,277,815$0$0$2,544,789
85$6,768,887$0$0$2,747,781
86$7,305,347$0$0$2,969,696
87$7,891,676$0$0$3,212,408
88$8,532,808$0$0$3,477,980
89$9,234,175$0$0$3,768,685
90$10,001,758$0$0$4,087,025
91$10,842,144$0$0$4,435,754
92$11,762,587$0$0$4,817,906
93$12,771,072$0$0$5,236,824
94$13,876,397$0$0$5,696,187
95$15,088,250$0$0$6,200,050
96$16,417,300$0$0$6,752,876
97$17,875,300$0$0$7,359,584
98$19,475,194$0$0$8,025,591
99$21,231,240$0$0$8,756,863
100$23,159,145$0$0$9,559,973