Can I retire at age 53 with 918,000?

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 $918,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$75,808$75,132$74,474$73,830$73,203$71,317
2 years$37,529$36,830$36,152$35,495$34,858$32,971
3 years$24,770$24,069$23,393$22,742$22,116$20,286
4 years$18,393$17,693$17,024$16,385$15,773$14,015
5 years$14,567$13,871$13,211$12,585$11,990$10,309
6 years$12,017$11,327$10,677$10,064$9,488$7,884
7 years$10,197$9,512$8,872$8,274$7,716$6,191
8 years$8,832$8,154$7,525$6,941$6,401$4,953
9 years$7,771$7,099$6,481$5,912$5,391$4,019
10 years$6,923$6,258$5,650$5,096$4,593$3,296
11 years$6,230$5,571$4,974$4,435$3,950$2,726
12 years$5,652$5,000$4,415$3,890$3,423$2,269
13 years$5,164$4,519$3,944$3,435$2,985$1,899
14 years$4,746$4,107$3,544$3,049$2,617$1,596
15 years$4,384$3,752$3,200$2,719$2,304$1,347
16 years$4,067$3,443$2,901$2,435$2,036$1,140
17 years$3,788$3,170$2,640$2,188$1,805$967
18 years$3,540$2,930$2,410$1,971$1,605$821
19 years$3,319$2,715$2,206$1,781$1,431$699
20 years$3,120$2,523$2,025$1,613$1,278$596
21 years$2,940$2,350$1,862$1,464$1,144$509
22 years$2,777$2,194$1,716$1,331$1,025$435
23 years$2,628$2,052$1,585$1,212$920$372
24 years$2,492$1,922$1,466$1,106$827$319
25 years$2,367$1,804$1,357$1,010$744$273
26 years$2,251$1,696$1,259$923$670$234
27 years$2,145$1,596$1,169$845$604$201
28 years$2,046$1,504$1,087$774$545$172
29 years$1,954$1,418$1,011$710$493$148
30 years$1,869$1,340$942$652$445$127
31 years$1,789$1,266$878$599$402$109
32 years$1,714$1,198$819$550$364$93
33 years$1,644$1,135$765$506$329$80
34 years$1,578$1,076$715$465$298$69
35 years$1,516$1,020$668$428$270$59
36 years$1,458$968$625$395$245$51
37 years$1,403$920$585$364$222$44
38 years$1,351$874$548$335$201$38
39 years$1,302$831$513$309$182$32
40 years$1,255$791$481$285$165$28
41 years$1,211$753$451$263$150$24
42 years$1,169$717$423$243$136$21
43 years$1,129$683$397$224$124$18
44 years$1,091$651$373$207$112$15
45 years$1,054$621$350$191$102$13
46 years$1,020$592$329$176$92$11
47 years$987$565$309$163$84$10
48 years$955$539$290$151$76$8
49 years$925$515$273$139$69$7
50 years$896$492$257$129$63$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $918,000, adding $4,123 every year, while hoping to spend $34,388 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: 60/32/8 Blend
52$918,000$918,000$918,000$918,000
53$1,015,889$967,235$953,006$1,074,843
54$1,082,921$978,041$948,343$1,125,656
55$1,155,638$988,224$942,371$1,176,753
56$1,234,583$997,717$935,011$1,231,624
57$1,320,354$1,006,449$926,178$1,290,634
58$1,413,609$1,014,343$915,783$1,354,186
59$1,515,071$1,021,320$903,736$1,422,722
60$1,625,537$1,027,293$889,939$1,496,733
61$1,745,881$1,032,171$874,292$1,576,759
62$1,877,069$1,035,855$856,689$1,663,396
63$2,020,161$1,038,243$837,019$1,757,301
64$2,176,325$1,039,224$815,166$1,859,200
65$2,346,846$1,038,681$791,010$1,969,894
66$2,533,138$1,036,491$764,423$2,090,266
67$2,736,761$1,032,521$735,274$2,221,292
68$2,959,428$1,026,632$703,423$2,364,046
69$3,203,028$1,018,676$668,726$2,519,716
70$3,469,639$1,008,494$631,031$2,689,612
71$3,761,552$995,920$590,180$2,875,177
72$4,081,288$980,777$546,009$3,078,006
73$4,431,622$962,878$498,343$3,299,858
74$4,815,613$942,024$447,003$3,542,673
75$5,236,628$918,006$391,800$3,808,592
76$5,698,376$890,600$332,537$4,099,976
77$6,204,942$859,571$269,008$4,419,430
78$6,760,825$824,669$200,999$4,769,829
79$7,370,982$785,631$128,286$5,154,342
80$8,040,873$742,178$50,634$5,576,466
81$8,776,512$694,014$0$6,040,059
82$9,584,522$640,827$0$6,552,127
83$10,472,204$582,287$0$7,119,403
84$11,447,595$518,046$0$7,742,758
85$12,519,554$447,735$0$8,427,926
86$13,697,839$370,964$0$9,181,228
87$14,993,199$287,322$0$10,009,634
88$16,417,479$196,374$0$10,920,828
89$17,983,727$97,662$0$11,923,285
90$19,706,320$0$0$13,026,348
91$21,601,097$0$0$14,243,592
92$23,685,510$0$0$15,620,576
93$25,978,788$0$0$17,135,623
94$28,502,118$0$0$18,802,740
95$31,278,842$0$0$20,637,359
96$34,334,681$0$0$22,656,488
97$37,697,976$0$0$24,878,862
98$41,399,953$0$0$27,325,128
99$45,475,021$0$0$30,018,034
100$49,961,093$0$0$32,982,648