Can I retire at age 53 with 915,000?

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 $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%15.7%
1 years$75,560$74,887$74,230$73,589$72,963$71,257
2 years$37,406$36,709$36,034$35,379$34,744$33,035
3 years$24,690$23,990$23,316$22,668$22,043$20,385
4 years$18,333$17,635$16,968$16,331$15,721$14,126
5 years$14,519$13,826$13,168$12,544$11,951$10,423
6 years$11,978$11,290$10,642$10,031$9,457$7,998
7 years$10,164$9,481$8,843$8,247$7,691$6,301
8 years$8,803$8,127$7,500$6,918$6,380$5,059
9 years$7,746$7,076$6,460$5,893$5,373$4,120
10 years$6,901$6,237$5,632$5,080$4,578$3,391
11 years$6,209$5,553$4,958$4,421$3,937$2,815
12 years$5,634$4,984$4,400$3,878$3,412$2,353
13 years$5,147$4,504$3,931$3,424$2,975$1,977
14 years$4,730$4,094$3,532$3,039$2,608$1,669
15 years$4,369$3,740$3,189$2,710$2,296$1,414
16 years$4,054$3,431$2,891$2,427$2,030$1,201
17 years$3,776$3,160$2,631$2,180$1,800$1,023
18 years$3,529$2,920$2,402$1,965$1,600$874
19 years$3,308$2,706$2,199$1,776$1,426$747
20 years$3,110$2,515$2,018$1,608$1,274$640
21 years$2,931$2,342$1,856$1,459$1,140$549
22 years$2,768$2,187$1,711$1,327$1,022$471
23 years$2,620$2,045$1,580$1,208$917$405
24 years$2,484$1,916$1,461$1,102$824$348
25 years$2,359$1,798$1,353$1,007$742$300
26 years$2,244$1,690$1,255$920$668$258
27 years$2,138$1,590$1,165$842$603$222
28 years$2,039$1,499$1,083$772$544$192
29 years$1,948$1,414$1,008$708$491$165
30 years$1,863$1,335$939$650$444$143
31 years$1,783$1,262$875$597$401$123
32 years$1,708$1,194$817$548$363$106
33 years$1,639$1,131$763$504$328$92
34 years$1,573$1,072$712$464$297$79
35 years$1,511$1,017$666$427$269$68
36 years$1,453$965$623$393$244$59
37 years$1,398$917$583$362$221$51
38 years$1,347$871$546$334$200$44
39 years$1,297$828$512$308$182$38
40 years$1,251$788$480$284$165$33
41 years$1,207$750$450$262$150$28
42 years$1,165$714$422$242$136$25
43 years$1,125$681$396$223$123$21
44 years$1,087$649$372$206$112$18
45 years$1,051$619$349$190$101$16
46 years$1,017$590$328$176$92$14
47 years$984$563$308$162$84$12
48 years$952$538$289$150$76$10
49 years$922$514$272$139$69$9
50 years$893$491$256$128$63$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $915,000, adding $3,680 every year, while hoping to spend $42,739 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: 85/5/10 Blend
52$915,000$915,000$915,000$915,000
53$1,012,126$963,631$949,448$1,096,375
54$1,069,889$965,375$935,781$1,153,718
55$1,132,111$965,772$920,223$1,210,547
56$1,199,202$964,711$902,667$1,271,658
57$1,271,613$962,074$882,998$1,337,455
58$1,349,837$957,735$861,098$1,408,382
59$1,434,419$951,562$836,843$1,484,929
60$1,525,955$943,414$810,103$1,567,635
61$1,625,103$933,142$780,742$1,657,093
62$1,732,584$920,586$748,617$1,753,956
63$1,849,192$905,579$713,580$1,858,945
64$1,975,800$887,944$675,476$1,972,851
65$2,113,370$867,491$634,142$2,096,548
66$2,262,956$844,020$589,409$2,230,998
67$2,425,722$817,322$541,099$2,377,260
68$2,602,947$787,172$489,026$2,536,502
69$2,796,037$753,333$432,998$2,710,009
70$3,006,541$715,554$372,812$2,899,197
71$3,236,165$673,572$308,257$3,105,629
72$3,486,782$627,106$239,113$3,331,024
73$3,760,460$575,860$165,149$3,577,277
74$4,059,470$519,521$86,125$3,846,477
75$4,386,316$457,757$1,790$4,140,924
76$4,743,752$390,220$0$4,463,155
77$5,134,814$316,539$0$4,825,375
78$5,562,840$236,325$0$5,222,069
79$6,031,509$149,164$0$5,656,467
80$6,544,873$54,623$0$6,132,342
81$7,107,391$0$0$6,653,848
82$7,723,977$0$0$7,228,190
83$8,400,041$0$0$7,861,243
84$9,141,542$0$0$8,555,584
85$9,955,045$0$0$9,317,362
86$10,847,778$0$0$10,153,348
87$11,827,706$0$0$11,071,002
88$12,903,600$0$0$12,078,539
89$14,085,124$0$0$13,185,012
90$15,382,921$0$0$14,400,391
91$16,808,719$0$0$15,735,659
92$18,375,436$0$0$17,202,917
93$20,097,303$0$0$18,815,495
94$21,989,999$0$0$20,588,080
95$24,070,798$0$0$22,536,850
96$26,358,729$0$0$24,679,632
97$28,874,759$0$0$27,036,064
98$31,641,989$0$0$29,627,784
99$34,685,870$0$0$32,478,632
100$38,034,443$0$0$35,614,875