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%13.1%
1 years$75,560$74,887$74,230$73,589$72,963$72,022
2 years$37,406$36,709$36,034$35,379$34,744$33,797
3 years$24,690$23,990$23,316$22,668$22,043$21,120
4 years$18,333$17,635$16,968$16,331$15,721$14,829
5 years$14,519$13,826$13,168$12,544$11,951$11,092
6 years$11,978$11,290$10,642$10,031$9,457$8,632
7 years$10,164$9,481$8,843$8,247$7,691$6,901
8 years$8,803$8,127$7,500$6,918$6,380$5,625
9 years$7,746$7,076$6,460$5,893$5,373$4,652
10 years$6,901$6,237$5,632$5,080$4,578$3,891
11 years$6,209$5,553$4,958$4,421$3,937$3,284
12 years$5,634$4,984$4,400$3,878$3,412$2,791
13 years$5,147$4,504$3,931$3,424$2,975$2,386
14 years$4,730$4,094$3,532$3,039$2,608$2,049
15 years$4,369$3,740$3,189$2,710$2,296$1,768
16 years$4,054$3,431$2,891$2,427$2,030$1,530
17 years$3,776$3,160$2,631$2,180$1,800$1,328
18 years$3,529$2,920$2,402$1,965$1,600$1,155
19 years$3,308$2,706$2,199$1,776$1,426$1,007
20 years$3,110$2,515$2,018$1,608$1,274$879
21 years$2,931$2,342$1,856$1,459$1,140$769
22 years$2,768$2,187$1,711$1,327$1,022$674
23 years$2,620$2,045$1,580$1,208$917$591
24 years$2,484$1,916$1,461$1,102$824$519
25 years$2,359$1,798$1,353$1,007$742$456
26 years$2,244$1,690$1,255$920$668$401
27 years$2,138$1,590$1,165$842$603$353
28 years$2,039$1,499$1,083$772$544$310
29 years$1,948$1,414$1,008$708$491$273
30 years$1,863$1,335$939$650$444$241
31 years$1,783$1,262$875$597$401$212
32 years$1,708$1,194$817$548$363$187
33 years$1,639$1,131$763$504$328$165
34 years$1,573$1,072$712$464$297$146
35 years$1,511$1,017$666$427$269$129
36 years$1,453$965$623$393$244$114
37 years$1,398$917$583$362$221$100
38 years$1,347$871$546$334$200$89
39 years$1,297$828$512$308$182$78
40 years$1,251$788$480$284$165$69
41 years$1,207$750$450$262$150$61
42 years$1,165$714$422$242$136$54
43 years$1,125$681$396$223$123$48
44 years$1,087$649$372$206$112$42
45 years$1,051$619$349$190$101$37
46 years$1,017$590$328$176$92$33
47 years$984$563$308$162$84$29
48 years$952$538$289$150$76$26
49 years$922$514$272$139$69$23
50 years$893$491$256$128$63$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $915,000, adding $2,400 every year, while hoping to spend $26,329 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: 43/44/13 Blend
52$915,000$915,000$915,000$915,000
53$1,010,806$962,311$948,128$1,050,357
54$1,085,894$981,450$951,877$1,097,404
55$1,167,759$1,000,645$954,868$1,145,519
56$1,257,064$1,019,870$957,050$1,197,067
57$1,354,539$1,039,098$958,365$1,252,374
58$1,460,988$1,058,300$958,757$1,311,799
59$1,577,296$1,077,444$958,162$1,375,739
60$1,704,436$1,096,495$956,517$1,444,630
61$1,843,483$1,115,417$953,754$1,518,955
62$1,995,615$1,134,170$949,802$1,599,246
63$2,162,134$1,152,711$944,587$1,686,088
64$2,344,472$1,170,993$938,031$1,780,130
65$2,544,205$1,188,968$930,051$1,882,084
66$2,763,069$1,206,583$920,563$1,992,737
67$3,002,977$1,223,781$909,477$2,112,957
68$3,266,035$1,240,500$896,699$2,243,702
69$3,554,563$1,256,677$882,131$2,386,028
70$3,871,115$1,272,241$865,669$2,541,100
71$4,218,506$1,287,119$847,207$2,710,202
72$4,599,837$1,301,230$826,631$2,894,752
73$5,018,520$1,314,491$803,823$3,096,314
74$5,478,319$1,326,810$778,661$3,316,610
75$5,983,376$1,338,093$751,015$3,557,545
76$6,538,257$1,348,236$720,750$3,821,214
77$7,147,990$1,357,130$687,725$4,109,931
78$7,818,114$1,364,658$651,794$4,426,250
79$8,554,734$1,370,699$612,801$4,772,983
80$9,364,572$1,375,119$570,586$5,153,235
81$10,255,038$1,377,779$524,980$5,570,430
82$11,234,293$1,378,531$475,807$6,028,342
83$12,311,329$1,377,217$422,885$6,531,136
84$13,496,053$1,373,669$366,020$7,083,403
85$14,799,381$1,367,710$305,013$7,690,208
86$16,233,342$1,359,151$239,654$8,357,133
87$17,811,185$1,347,792$169,725$9,090,338
88$19,547,513$1,333,421$94,998$9,896,613
89$21,458,413$1,315,813$15,234$10,783,444
90$23,561,612$1,294,729$0$11,759,090
91$25,876,643$1,269,916$0$12,842,349
92$28,425,026$1,241,108$0$14,036,450
93$31,230,477$1,208,021$0$15,350,384
94$34,319,127$1,170,354$0$16,796,395
95$37,719,767$1,127,791$0$18,387,980
96$41,464,125$1,079,995$0$20,140,018
97$45,587,162$1,026,611$0$22,068,910
98$50,127,400$967,262$0$24,192,738
99$55,127,288$901,551$0$26,531,432
100$60,633,602$829,058$0$29,106,964