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%19.3%
1 years$75,560$74,887$74,230$73,589$72,963$70,235
2 years$37,406$36,709$36,034$35,379$34,744$32,027
3 years$24,690$23,990$23,316$22,668$22,043$19,422
4 years$18,333$17,635$16,968$16,331$15,721$13,217
5 years$14,519$13,826$13,168$12,544$11,951$9,569
6 years$11,978$11,290$10,642$10,031$9,457$7,199
7 years$10,164$9,481$8,843$8,247$7,691$5,557
8 years$8,803$8,127$7,500$6,918$6,380$4,368
9 years$7,746$7,076$6,460$5,893$5,373$3,480
10 years$6,901$6,237$5,632$5,080$4,578$2,801
11 years$6,209$5,553$4,958$4,421$3,937$2,272
12 years$5,634$4,984$4,400$3,878$3,412$1,854
13 years$5,147$4,504$3,931$3,424$2,975$1,520
14 years$4,730$4,094$3,532$3,039$2,608$1,252
15 years$4,369$3,740$3,189$2,710$2,296$1,034
16 years$4,054$3,431$2,891$2,427$2,030$856
17 years$3,776$3,160$2,631$2,180$1,800$710
18 years$3,529$2,920$2,402$1,965$1,600$590
19 years$3,308$2,706$2,199$1,776$1,426$491
20 years$3,110$2,515$2,018$1,608$1,274$409
21 years$2,931$2,342$1,856$1,459$1,140$342
22 years$2,768$2,187$1,711$1,327$1,022$285
23 years$2,620$2,045$1,580$1,208$917$238
24 years$2,484$1,916$1,461$1,102$824$199
25 years$2,359$1,798$1,353$1,007$742$166
26 years$2,244$1,690$1,255$920$668$139
27 years$2,138$1,590$1,165$842$603$117
28 years$2,039$1,499$1,083$772$544$98
29 years$1,948$1,414$1,008$708$491$82
30 years$1,863$1,335$939$650$444$68
31 years$1,783$1,262$875$597$401$57
32 years$1,708$1,194$817$548$363$48
33 years$1,639$1,131$763$504$328$40
34 years$1,573$1,072$712$464$297$34
35 years$1,511$1,017$666$427$269$28
36 years$1,453$965$623$393$244$24
37 years$1,398$917$583$362$221$20
38 years$1,347$871$546$334$200$17
39 years$1,297$828$512$308$182$14
40 years$1,251$788$480$284$165$12
41 years$1,207$750$450$262$150$10
42 years$1,165$714$422$242$136$8
43 years$1,125$681$396$223$123$7
44 years$1,087$649$372$206$112$6
45 years$1,051$619$349$190$101$5
46 years$1,017$590$328$176$92$4
47 years$984$563$308$162$84$3
48 years$952$538$289$150$76$3
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 $2,526 every year, while hoping to spend $37,122 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: 56/24/20 Blend
52$915,000$915,000$915,000$915,000
53$1,010,936$962,441$948,258$1,061,981
54$1,074,553$970,103$940,527$1,104,754
55$1,143,416$976,896$931,293$1,147,146
56$1,218,020$982,739$920,466$1,192,515
57$1,298,909$987,544$907,953$1,241,157
58$1,386,683$991,220$893,655$1,293,397
59$1,482,002$993,666$877,470$1,349,598
60$1,585,591$994,780$859,289$1,410,156
61$1,698,246$994,450$839,001$1,475,515
62$1,820,847$992,558$816,488$1,546,162
63$1,954,359$988,979$791,625$1,622,635
64$2,099,844$983,579$764,285$1,705,530
65$2,258,472$976,219$734,333$1,795,507
66$2,431,530$966,747$701,627$1,893,292
67$2,620,435$955,007$666,020$1,999,689
68$2,826,746$940,829$627,359$2,115,588
69$3,052,181$924,036$585,481$2,241,969
70$3,298,628$904,438$540,220$2,379,917
71$3,568,170$881,837$491,399$2,530,630
72$3,863,096$856,021$438,834$2,695,430
73$4,185,931$826,765$382,334$2,875,778
74$4,539,453$793,833$321,699$3,073,288
75$4,926,720$756,973$256,718$3,289,742
76$5,351,102$715,921$187,175$3,527,107
77$5,816,309$670,396$112,840$3,787,556
78$6,326,428$620,102$33,476$4,073,486
79$6,885,961$564,724$0$4,387,545
80$7,499,864$503,930$0$4,743,586
81$8,173,599$437,372$0$5,142,239
82$8,913,180$364,677$0$5,579,971
83$9,725,234$285,456$0$6,060,772
84$10,617,059$199,294$0$6,589,042
85$11,596,695$105,756$0$7,169,632
86$12,673,000$4,380$0$7,807,893
87$13,855,732$0$0$8,509,722
88$15,155,640$0$0$9,309,439
89$16,584,567$0$0$10,189,891
90$18,155,561$0$0$11,157,972
91$19,882,997$0$0$12,222,552
92$21,782,711$0$0$13,393,403
93$23,872,153$0$0$14,681,292
94$26,170,547$0$0$16,098,080
95$28,699,077$0$0$17,656,839
96$31,481,078$0$0$19,371,969
97$34,542,267$0$0$21,259,338
98$37,910,976$0$0$23,336,428
99$41,618,424$0$0$25,622,503
100$45,699,007$0$0$28,138,789