Can I retire at age 53 with 917,000?

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 $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%19.4%
1 years$75,725$75,050$74,392$73,750$73,123$70,361
2 years$37,488$36,789$36,113$35,457$34,820$32,070
3 years$24,743$24,042$23,367$22,717$22,092$19,439
4 years$18,373$17,674$17,005$16,367$15,756$13,221
5 years$14,551$13,856$13,197$12,571$11,977$9,567
6 years$12,004$11,315$10,665$10,053$9,477$7,194
7 years$10,186$9,502$8,863$8,265$7,708$5,550
8 years$8,823$8,145$7,516$6,934$6,394$4,360
9 years$7,763$7,092$6,474$5,906$5,385$3,471
10 years$6,916$6,251$5,644$5,091$4,588$2,792
11 years$6,223$5,565$4,969$4,431$3,946$2,263
12 years$5,646$4,995$4,410$3,886$3,419$1,846
13 years$5,158$4,514$3,940$3,431$2,982$1,513
14 years$4,741$4,103$3,540$3,046$2,614$1,244
15 years$4,379$3,748$3,196$2,716$2,301$1,027
16 years$4,063$3,439$2,898$2,432$2,034$850
17 years$3,784$3,167$2,637$2,185$1,804$705
18 years$3,537$2,926$2,407$1,969$1,604$585
19 years$3,315$2,712$2,204$1,779$1,429$487
20 years$3,117$2,520$2,022$1,612$1,277$405
21 years$2,937$2,348$1,860$1,463$1,143$338
22 years$2,774$2,191$1,714$1,330$1,024$282
23 years$2,625$2,050$1,583$1,211$919$235
24 years$2,489$1,920$1,464$1,105$826$196
25 years$2,364$1,802$1,356$1,009$744$164
26 years$2,249$1,694$1,258$922$670$137
27 years$2,142$1,594$1,168$844$604$115
28 years$2,044$1,502$1,086$774$545$96
29 years$1,952$1,417$1,010$709$492$80
30 years$1,867$1,338$941$651$445$67
31 years$1,787$1,265$877$598$402$56
32 years$1,712$1,197$818$549$364$47
33 years$1,642$1,134$764$505$329$39
34 years$1,576$1,074$714$465$298$33
35 years$1,515$1,019$668$428$270$28
36 years$1,456$967$625$394$244$23
37 years$1,401$919$585$363$222$19
38 years$1,349$873$547$335$201$16
39 years$1,300$830$513$309$182$14
40 years$1,254$790$481$285$165$11
41 years$1,209$752$451$263$150$10
42 years$1,167$716$423$242$136$8
43 years$1,128$682$397$224$123$7
44 years$1,090$650$372$207$112$6
45 years$1,053$620$350$191$102$5
46 years$1,019$592$328$176$92$4
47 years$986$565$309$163$84$3
48 years$954$539$290$150$76$3
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 $4,652 every year, while hoping to spend $52,331 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: 68/23/9 Blend
52$917,000$917,000$917,000$917,000
53$1,015,333$966,732$952,518$1,082,290
54$1,063,217$958,422$928,748$1,119,015
55$1,114,231$947,951$902,427$1,152,416
56$1,168,640$935,157$873,415$1,187,553
57$1,226,732$919,871$841,566$1,224,591
58$1,288,825$901,911$806,724$1,263,708
59$1,355,265$881,085$768,730$1,305,103
60$1,426,435$857,190$727,415$1,348,998
61$1,502,751$830,012$682,603$1,395,637
62$1,584,672$799,324$634,111$1,445,293
63$1,672,701$764,883$581,746$1,498,267
64$1,767,391$726,437$525,309$1,554,892
65$1,869,347$683,715$464,589$1,615,539
66$1,979,236$636,432$399,368$1,680,617
67$2,097,789$584,288$329,418$1,750,581
68$2,225,810$526,964$254,499$1,825,935
69$2,364,181$464,123$174,363$1,907,236
70$2,513,872$395,411$88,750$1,995,101
71$2,675,952$320,451$0$2,090,214
72$2,851,592$238,846$0$2,193,584
73$3,042,083$150,177$0$2,314,908
74$3,248,841$54,002$0$2,446,611
75$3,473,428$0$0$2,589,748
76$3,717,558$0$0$2,758,179
77$3,983,120$0$0$2,956,311
78$4,272,190$0$0$3,172,031
79$4,587,053$0$0$3,407,051
80$4,930,223$0$0$3,663,255
81$5,304,469$0$0$3,942,715
82$5,712,835$0$0$4,247,713
83$6,158,675$0$0$4,580,760
84$6,645,680$0$0$4,944,621
85$7,177,911$0$0$5,342,340
86$7,759,844$0$0$5,777,267
87$8,396,401$0$0$6,253,091
88$9,093,006$0$0$6,773,876
89$9,855,631$0$0$7,344,095
90$10,690,850$0$0$7,968,673
91$11,605,905$0$0$8,653,036
92$12,608,770$0$0$9,403,158
93$13,708,228$0$0$10,225,619
94$14,913,951$0$0$11,127,666
95$16,236,594$0$0$12,117,282
96$17,687,891$0$0$13,203,258
97$19,280,768$0$0$14,395,279
98$21,029,463$0$0$15,704,013
99$22,949,659$0$0$17,141,210
100$25,058,634$0$0$18,719,817