Can I retire at age 53 with 917,000?

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 $917,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$75,725$75,050$74,392$73,750$73,123$70,194
2 years$37,488$36,789$36,113$35,457$34,820$31,906
3 years$24,743$24,042$23,367$22,717$22,092$19,284
4 years$18,373$17,674$17,005$16,367$15,756$13,076
5 years$14,551$13,856$13,197$12,571$11,977$9,433
6 years$12,004$11,315$10,665$10,053$9,477$7,069
7 years$10,186$9,502$8,863$8,265$7,708$5,435
8 years$8,823$8,145$7,516$6,934$6,394$4,254
9 years$7,763$7,092$6,474$5,906$5,385$3,375
10 years$6,916$6,251$5,644$5,091$4,588$2,704
11 years$6,223$5,565$4,969$4,431$3,946$2,183
12 years$5,646$4,995$4,410$3,886$3,419$1,773
13 years$5,158$4,514$3,940$3,431$2,982$1,447
14 years$4,741$4,103$3,540$3,046$2,614$1,186
15 years$4,379$3,748$3,196$2,716$2,301$974
16 years$4,063$3,439$2,898$2,432$2,034$803
17 years$3,784$3,167$2,637$2,185$1,804$663
18 years$3,537$2,926$2,407$1,969$1,604$548
19 years$3,315$2,712$2,204$1,779$1,429$454
20 years$3,117$2,520$2,022$1,612$1,277$376
21 years$2,937$2,348$1,860$1,463$1,143$312
22 years$2,774$2,191$1,714$1,330$1,024$259
23 years$2,625$2,050$1,583$1,211$919$215
24 years$2,489$1,920$1,464$1,105$826$179
25 years$2,364$1,802$1,356$1,009$744$149
26 years$2,249$1,694$1,258$922$670$124
27 years$2,142$1,594$1,168$844$604$103
28 years$2,044$1,502$1,086$774$545$86
29 years$1,952$1,417$1,010$709$492$71
30 years$1,867$1,338$941$651$445$59
31 years$1,787$1,265$877$598$402$49
32 years$1,712$1,197$818$549$364$41
33 years$1,642$1,134$764$505$329$34
34 years$1,576$1,074$714$465$298$29
35 years$1,515$1,019$668$428$270$24
36 years$1,456$967$625$394$244$20
37 years$1,401$919$585$363$222$17
38 years$1,349$873$547$335$201$14
39 years$1,300$830$513$309$182$11
40 years$1,254$790$481$285$165$10
41 years$1,209$752$451$263$150$8
42 years$1,167$716$423$242$136$7
43 years$1,128$682$397$224$123$6
44 years$1,090$650$372$207$112$5
45 years$1,053$620$350$191$102$4
46 years$1,019$592$328$176$92$3
47 years$986$565$309$163$84$3
48 years$954$539$290$150$76$2
49 years$924$515$273$139$69$2
50 years$895$492$256$129$63$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $917,000, adding $3,678 every year, while hoping to spend $30,079 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: 60/33/7 Blend
52$917,000$917,000$917,000$917,000
53$1,014,328$965,727$951,513$1,073,514
54$1,085,785$981,044$951,385$1,128,908
55$1,163,524$996,103$950,245$1,185,520
56$1,248,151$1,010,860$948,026$1,246,506
57$1,340,338$1,025,268$944,660$1,312,290
58$1,440,822$1,039,275$940,076$1,383,335
59$1,550,414$1,052,827$934,196$1,460,154
60$1,670,006$1,065,867$926,942$1,543,312
61$1,800,583$1,078,330$918,231$1,633,430
62$1,943,227$1,090,152$907,976$1,731,197
63$2,099,127$1,101,261$896,085$1,837,367
64$2,269,598$1,111,582$882,463$1,952,775
65$2,456,081$1,121,034$867,009$2,078,341
66$2,660,167$1,129,531$849,621$2,215,080
67$2,883,608$1,136,982$830,187$2,364,109
68$3,128,331$1,143,289$808,593$2,526,661
69$3,396,460$1,148,349$784,719$2,704,096
70$3,690,332$1,152,052$758,441$2,897,913
71$4,012,524$1,154,280$729,626$3,109,765
72$4,365,871$1,154,909$698,138$3,341,474
73$4,753,497$1,153,807$663,834$3,595,050
74$5,178,844$1,150,834$626,563$3,872,709
75$5,645,702$1,145,841$586,169$4,176,894
76$6,158,246$1,138,670$542,487$4,510,299
77$6,721,075$1,129,152$495,349$4,875,896
78$7,339,255$1,117,111$444,573$5,276,959
79$8,018,368$1,102,358$389,975$5,717,100
80$8,764,561$1,084,693$331,358$6,200,302
81$9,584,607$1,063,904$268,520$6,730,954
82$10,485,969$1,039,768$201,248$7,313,898
83$11,476,868$1,012,046$129,320$7,954,472
84$12,566,361$980,489$52,504$8,658,561
85$13,764,425$944,828$0$9,432,652
86$15,082,055$904,784$0$10,286,100
87$16,531,364$860,057$0$11,228,920
88$18,125,697$810,334$0$12,265,901
89$19,879,758$755,280$0$13,406,650
90$21,809,749$694,544$0$14,661,757
91$23,933,519$627,753$0$16,042,895
92$26,270,738$554,513$0$17,562,934
93$28,843,078$474,408$0$19,236,060
94$31,674,417$386,999$0$21,077,907
95$34,791,067$291,821$0$23,105,714
96$38,222,019$188,385$0$25,338,480
97$41,999,221$76,171$0$27,797,148
98$46,157,871$0$0$30,504,803
99$50,736,757$0$0$33,503,365
100$55,778,620$0$0$36,835,666