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%11.9%
1 years$75,725$75,050$74,392$73,750$73,123$72,540
2 years$37,488$36,789$36,113$35,457$34,820$34,233
3 years$24,743$24,042$23,367$22,717$22,092$21,518
4 years$18,373$17,674$17,005$16,367$15,756$15,200
5 years$14,551$13,856$13,197$12,571$11,977$11,441
6 years$12,004$11,315$10,665$10,053$9,477$8,961
7 years$10,186$9,502$8,863$8,265$7,708$7,212
8 years$8,823$8,145$7,516$6,934$6,394$5,919
9 years$7,763$7,092$6,474$5,906$5,385$4,930
10 years$6,916$6,251$5,644$5,091$4,588$4,154
11 years$6,223$5,565$4,969$4,431$3,946$3,531
12 years$5,646$4,995$4,410$3,886$3,419$3,024
13 years$5,158$4,514$3,940$3,431$2,982$2,605
14 years$4,741$4,103$3,540$3,046$2,614$2,256
15 years$4,379$3,748$3,196$2,716$2,301$1,962
16 years$4,063$3,439$2,898$2,432$2,034$1,712
17 years$3,784$3,167$2,637$2,185$1,804$1,498
18 years$3,537$2,926$2,407$1,969$1,604$1,314
19 years$3,315$2,712$2,204$1,779$1,429$1,156
20 years$3,117$2,520$2,022$1,612$1,277$1,019
21 years$2,937$2,348$1,860$1,463$1,143$899
22 years$2,774$2,191$1,714$1,330$1,024$795
23 years$2,625$2,050$1,583$1,211$919$703
24 years$2,489$1,920$1,464$1,105$826$623
25 years$2,364$1,802$1,356$1,009$744$552
26 years$2,249$1,694$1,258$922$670$490
27 years$2,142$1,594$1,168$844$604$436
28 years$2,044$1,502$1,086$774$545$387
29 years$1,952$1,417$1,010$709$492$344
30 years$1,867$1,338$941$651$445$306
31 years$1,787$1,265$877$598$402$273
32 years$1,712$1,197$818$549$364$243
33 years$1,642$1,134$764$505$329$217
34 years$1,576$1,074$714$465$298$193
35 years$1,515$1,019$668$428$270$172
36 years$1,456$967$625$394$244$153
37 years$1,401$919$585$363$222$137
38 years$1,349$873$547$335$201$122
39 years$1,300$830$513$309$182$109
40 years$1,254$790$481$285$165$97
41 years$1,209$752$451$263$150$87
42 years$1,167$716$423$242$136$77
43 years$1,128$682$397$224$123$69
44 years$1,090$650$372$207$112$62
45 years$1,053$620$350$191$102$55
46 years$1,019$592$328$176$92$49
47 years$986$565$309$163$84$44
48 years$954$539$290$150$76$39
49 years$924$515$273$139$69$35
50 years$895$492$256$129$63$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $917,000, adding $5,662 every year, while hoping to spend $36,875 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: 87/7/6 Blend
52$917,000$917,000$917,000$917,000
53$1,016,374$967,773$953,560$1,104,083
54$1,080,810$975,960$946,269$1,170,254
55$1,150,582$983,311$937,499$1,237,259
56$1,226,196$989,748$927,160$1,309,705
57$1,308,207$995,185$915,159$1,388,112
58$1,397,228$999,532$901,400$1,473,053
59$1,493,929$1,002,693$885,781$1,565,159
60$1,599,050$1,004,566$868,196$1,665,127
61$1,713,406$1,005,042$848,532$1,773,719
62$1,837,890$1,004,006$826,675$1,891,780
63$1,973,487$1,001,335$802,501$2,020,237
64$2,121,282$996,899$775,884$2,160,111
65$2,282,466$990,561$746,689$2,312,528
66$2,458,353$982,173$714,779$2,478,727
67$2,650,387$971,582$680,006$2,660,073
68$2,860,159$958,622$642,219$2,858,069
69$3,089,420$943,119$601,258$3,074,372
70$3,340,097$924,889$556,956$3,310,806
71$3,614,314$903,735$509,141$3,569,381
72$3,914,407$879,451$457,630$3,852,312
73$4,242,949$851,817$402,233$4,162,038
74$4,602,775$820,601$342,753$4,501,246
75$4,997,005$785,557$278,982$4,872,899
76$5,429,076$746,426$210,705$5,280,259
77$5,902,773$702,932$137,695$5,726,920
78$6,422,265$654,785$59,717$6,216,845
79$6,992,143$601,677$0$6,754,396
80$7,617,466$543,283$0$7,345,890
81$8,303,803$479,259$0$7,999,297
82$9,057,292$409,244$0$8,716,647
83$9,884,691$332,852$0$9,504,393
84$10,793,447$249,679$0$10,369,644
85$11,791,762$159,297$0$11,320,232
86$12,888,673$61,254$0$12,364,789
87$14,094,135$0$0$13,512,824
88$15,419,114$0$0$14,778,275
89$16,875,694$0$0$16,174,610
90$18,477,185$0$0$17,709,873
91$20,238,254$0$0$19,398,124
92$22,175,059$0$0$21,254,855
93$24,305,401$0$0$23,297,134
94$26,648,896$0$0$25,543,765
95$29,227,154$0$0$28,015,468
96$32,063,987$0$0$30,735,071
97$35,185,629$0$0$33,727,727
98$38,620,990$0$0$37,021,152
99$42,401,920$0$0$40,645,881
100$46,563,514$0$0$44,635,562