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%15%
1 years$75,808$75,132$74,474$73,830$73,203$71,695
2 years$37,529$36,830$36,152$35,495$34,858$33,347
3 years$24,770$24,069$23,393$22,742$22,116$20,647
4 years$18,393$17,693$17,024$16,385$15,773$14,358
5 years$14,567$13,871$13,211$12,585$11,990$10,634
6 years$12,017$11,327$10,677$10,064$9,488$8,190
7 years$10,197$9,512$8,872$8,274$7,716$6,478
8 years$8,832$8,154$7,525$6,941$6,401$5,223
9 years$7,771$7,099$6,481$5,912$5,391$4,271
10 years$6,923$6,258$5,650$5,096$4,593$3,531
11 years$6,230$5,571$4,974$4,435$3,950$2,944
12 years$5,652$5,000$4,415$3,890$3,423$2,472
13 years$5,164$4,519$3,944$3,435$2,985$2,087
14 years$4,746$4,107$3,544$3,049$2,617$1,770
15 years$4,384$3,752$3,200$2,719$2,304$1,507
16 years$4,067$3,443$2,901$2,435$2,036$1,287
17 years$3,788$3,170$2,640$2,188$1,805$1,102
18 years$3,540$2,930$2,410$1,971$1,605$945
19 years$3,319$2,715$2,206$1,781$1,431$813
20 years$3,120$2,523$2,025$1,613$1,278$700
21 years$2,940$2,350$1,862$1,464$1,144$603
22 years$2,777$2,194$1,716$1,331$1,025$521
23 years$2,628$2,052$1,585$1,212$920$450
24 years$2,492$1,922$1,466$1,106$827$389
25 years$2,367$1,804$1,357$1,010$744$337
26 years$2,251$1,696$1,259$923$670$292
27 years$2,145$1,596$1,169$845$604$253
28 years$2,046$1,504$1,087$774$545$219
29 years$1,954$1,418$1,011$710$493$190
30 years$1,869$1,340$942$652$445$165
31 years$1,789$1,266$878$599$402$143
32 years$1,714$1,198$819$550$364$124
33 years$1,644$1,135$765$506$329$108
34 years$1,578$1,076$715$465$298$94
35 years$1,516$1,020$668$428$270$81
36 years$1,458$968$625$395$245$71
37 years$1,403$920$585$364$222$61
38 years$1,351$874$548$335$201$53
39 years$1,302$831$513$309$182$46
40 years$1,255$791$481$285$165$40
41 years$1,211$753$451$263$150$35
42 years$1,169$717$423$243$136$30
43 years$1,129$683$397$224$124$26
44 years$1,091$651$373$207$112$23
45 years$1,054$621$350$191$102$20
46 years$1,020$592$329$176$92$17
47 years$987$565$309$163$84$15
48 years$955$539$290$151$76$13
49 years$925$515$273$139$69$11
50 years$896$492$257$129$63$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $918,000, adding $2,765 every year, while hoping to spend $38,799 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: 77/13/10 Blend
52$918,000$918,000$918,000$918,000
53$1,014,488$965,834$951,605$1,090,641
54$1,076,684$971,878$942,202$1,147,165
55$1,143,924$976,918$931,184$1,203,883
56$1,216,680$980,863$918,455$1,264,961
57$1,295,475$983,619$903,916$1,330,817
58$1,380,879$985,082$887,463$1,401,910
59$1,473,522$985,144$868,986$1,478,751
60$1,574,096$983,691$848,372$1,561,897
61$1,683,363$980,601$825,501$1,651,967
62$1,802,159$975,743$800,249$1,749,641
63$1,931,405$968,981$772,484$1,855,667
64$2,072,116$960,169$742,069$1,970,873
65$2,225,406$949,151$708,863$2,096,167
66$2,392,502$935,765$672,715$2,232,556
67$2,574,756$919,835$633,469$2,381,143
68$2,773,653$901,180$590,963$2,543,150
69$2,990,831$879,602$545,025$2,719,921
70$3,228,090$854,897$495,477$2,912,938
71$3,487,414$826,845$442,134$3,123,834
72$3,770,985$795,216$384,801$3,354,412
73$4,081,208$759,764$323,274$3,606,656
74$4,420,730$720,231$257,342$3,882,755
75$4,792,465$676,343$186,784$4,185,123
76$5,199,622$627,810$111,367$4,516,420
77$5,645,737$574,326$30,852$4,879,579
78$6,134,702$515,568$0$5,277,832
79$6,670,804$451,193$0$5,720,621
80$7,258,765$380,841$0$6,209,893
81$7,903,786$304,128$0$6,746,713
82$8,611,594$220,653$0$7,335,888
83$9,388,500$129,988$0$7,982,713
84$10,241,454$31,684$0$8,693,024
85$11,178,111$0$0$9,473,254
86$12,206,907$0$0$10,341,181
87$13,337,132$0$0$11,299,690
88$14,579,021$0$0$12,352,935
89$15,943,850$0$0$13,510,481
90$17,444,041$0$0$14,782,870
91$19,093,280$0$0$16,181,714
92$20,906,645$0$0$17,719,806
93$22,900,747$0$0$19,411,242
94$25,093,889$0$0$21,271,550
95$27,506,235$0$0$23,317,841
96$30,160,003$0$0$25,568,967
97$33,079,671$0$0$28,045,698
98$36,292,211$0$0$30,770,919
99$39,827,340$0$0$33,769,847
100$43,717,802$0$0$37,070,264