Can I retire at age 53 with 918,000?

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 $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%12.1%
1 years$75,808$75,132$74,474$73,830$73,203$72,559
2 years$37,529$36,830$36,152$35,495$34,858$34,210
3 years$24,770$24,069$23,393$22,742$22,116$21,482
4 years$18,393$17,693$17,024$16,385$15,773$15,160
5 years$14,567$13,871$13,211$12,585$11,990$11,399
6 years$12,017$11,327$10,677$10,064$9,488$8,919
7 years$10,197$9,512$8,872$8,274$7,716$7,170
8 years$8,832$8,154$7,525$6,941$6,401$5,878
9 years$7,771$7,099$6,481$5,912$5,391$4,890
10 years$6,923$6,258$5,650$5,096$4,593$4,115
11 years$6,230$5,571$4,974$4,435$3,950$3,494
12 years$5,652$5,000$4,415$3,890$3,423$2,988
13 years$5,164$4,519$3,944$3,435$2,985$2,571
14 years$4,746$4,107$3,544$3,049$2,617$2,224
15 years$4,384$3,752$3,200$2,719$2,304$1,931
16 years$4,067$3,443$2,901$2,435$2,036$1,682
17 years$3,788$3,170$2,640$2,188$1,805$1,470
18 years$3,540$2,930$2,410$1,971$1,605$1,288
19 years$3,319$2,715$2,206$1,781$1,431$1,131
20 years$3,120$2,523$2,025$1,613$1,278$995
21 years$2,940$2,350$1,862$1,464$1,144$877
22 years$2,777$2,194$1,716$1,331$1,025$774
23 years$2,628$2,052$1,585$1,212$920$684
24 years$2,492$1,922$1,466$1,106$827$605
25 years$2,367$1,804$1,357$1,010$744$536
26 years$2,251$1,696$1,259$923$670$475
27 years$2,145$1,596$1,169$845$604$421
28 years$2,046$1,504$1,087$774$545$374
29 years$1,954$1,418$1,011$710$493$332
30 years$1,869$1,340$942$652$445$295
31 years$1,789$1,266$878$599$402$262
32 years$1,714$1,198$819$550$364$233
33 years$1,644$1,135$765$506$329$207
34 years$1,578$1,076$715$465$298$184
35 years$1,516$1,020$668$428$270$164
36 years$1,458$968$625$395$245$146
37 years$1,403$920$585$364$222$130
38 years$1,351$874$548$335$201$116
39 years$1,302$831$513$309$182$103
40 years$1,255$791$481$285$165$92
41 years$1,211$753$451$263$150$82
42 years$1,169$717$423$243$136$73
43 years$1,129$683$397$224$124$65
44 years$1,091$651$373$207$112$58
45 years$1,054$621$350$191$102$52
46 years$1,020$592$329$176$92$46
47 years$987$565$309$163$84$41
48 years$955$539$290$151$76$37
49 years$925$515$273$139$69$33
50 years$896$492$257$129$63$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $918,000, adding $4,623 every year, while hoping to spend $32,107 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: 63/28/9 Blend
52$918,000$918,000$918,000$918,000
53$1,016,405$967,751$953,522$1,078,202
54$1,085,916$981,009$951,303$1,133,303
55$1,161,442$993,841$947,934$1,189,280
56$1,243,561$1,006,191$943,342$1,249,582
57$1,332,912$1,018,002$937,451$1,314,629
58$1,430,196$1,029,210$930,182$1,384,880
59$1,536,184$1,039,750$921,452$1,460,846
60$1,651,726$1,049,549$911,172$1,543,086
61$1,777,757$1,058,532$899,251$1,632,220
62$1,915,307$1,066,619$885,595$1,728,928
63$2,065,507$1,073,722$870,101$1,833,963
64$2,229,606$1,079,751$852,666$1,948,154
65$2,408,975$1,084,608$833,180$2,072,416
66$2,605,126$1,088,190$811,527$2,207,757
67$2,819,723$1,090,386$787,588$2,355,288
68$3,054,599$1,091,078$761,236$2,516,235
69$3,311,771$1,090,144$732,340$2,691,952
70$3,593,461$1,087,450$700,763$2,883,928
71$3,902,116$1,082,857$666,360$3,093,809
72$4,240,430$1,076,216$628,982$3,323,407
73$4,611,372$1,067,368$588,471$3,574,723
74$5,018,210$1,056,148$544,663$3,849,961
75$5,464,545$1,042,376$497,386$4,151,553
76$5,954,342$1,025,866$446,462$4,482,180
77$6,491,969$1,006,418$391,703$4,844,800
78$7,082,238$983,820$332,913$5,242,673
79$7,730,449$957,851$269,889$5,679,393
80$8,442,442$928,272$202,416$6,158,926
81$9,224,647$894,833$130,274$6,685,644
82$10,084,151$857,270$53,228$7,264,365
83$11,028,760$815,303$0$7,900,405
84$12,067,074$768,633$0$8,602,409
85$13,208,568$716,948$0$9,379,688
86$14,463,680$659,916$0$10,234,277
87$15,843,909$597,187$0$11,174,056
88$17,361,928$528,389$0$12,207,712
89$19,031,696$453,131$0$13,344,823
90$20,868,594$370,999$0$14,595,946
91$22,889,569$281,556$0$15,972,717
92$25,113,293$184,341$0$17,487,965
93$27,560,340$78,865$0$19,155,830
94$30,253,379$0$0$20,991,898
95$33,217,388$0$0$23,024,253
96$36,479,887$0$0$25,288,103
97$40,071,203$0$0$27,780,199
98$44,024,749$0$0$30,523,740
99$48,377,345$0$0$33,544,285
100$53,169,561$0$0$36,870,001