Can I retire at age 53 with 892,000?

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 $892,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$73,661$73,004$72,364$71,739$71,129$69,410
2 years$36,466$35,786$35,128$34,490$33,871$32,149
3 years$24,069$23,387$22,730$22,098$21,489$19,818
4 years$17,872$17,192$16,542$15,920$15,326$13,720
5 years$14,154$13,479$12,837$12,228$11,651$10,113
6 years$11,677$11,006$10,374$9,779$9,219$7,751
7 years$9,908$9,243$8,621$8,040$7,497$6,100
8 years$8,582$7,923$7,311$6,745$6,220$4,892
9 years$7,551$6,898$6,297$5,745$5,238$3,979
10 years$6,727$6,081$5,490$4,952$4,463$3,271
11 years$6,053$5,413$4,833$4,310$3,838$2,712
12 years$5,492$4,859$4,290$3,780$3,326$2,264
13 years$5,018$4,391$3,832$3,337$2,901$1,900
14 years$4,611$3,991$3,443$2,963$2,543$1,601
15 years$4,259$3,646$3,109$2,642$2,239$1,355
16 years$3,952$3,345$2,819$2,366$1,979$1,150
17 years$3,681$3,081$2,565$2,126$1,754$978
18 years$3,440$2,847$2,341$1,916$1,560$834
19 years$3,225$2,638$2,143$1,731$1,390$712
20 years$3,032$2,452$1,967$1,568$1,242$609
21 years$2,857$2,284$1,809$1,423$1,111$521
22 years$2,698$2,132$1,668$1,294$996$447
23 years$2,554$1,994$1,540$1,178$894$383
24 years$2,421$1,868$1,424$1,075$804$329
25 years$2,300$1,753$1,319$981$723$283
26 years$2,188$1,648$1,223$897$651$243
27 years$2,084$1,551$1,136$821$587$209
28 years$1,988$1,461$1,056$752$530$180
29 years$1,899$1,378$983$690$479$155
30 years$1,816$1,302$915$633$432$134
31 years$1,738$1,231$853$582$391$115
32 years$1,666$1,164$796$535$354$99
33 years$1,597$1,103$743$492$320$85
34 years$1,534$1,045$695$452$290$74
35 years$1,473$991$649$416$262$63
36 years$1,417$941$607$383$238$55
37 years$1,363$894$569$353$216$47
38 years$1,313$849$532$326$195$41
39 years$1,265$807$499$300$177$35
40 years$1,220$768$468$277$161$30
41 years$1,176$731$438$255$146$26
42 years$1,136$696$411$236$132$23
43 years$1,097$664$386$218$120$19
44 years$1,060$633$362$201$109$17
45 years$1,025$603$340$186$99$14
46 years$991$575$319$171$90$12
47 years$959$549$300$158$82$11
48 years$928$524$282$146$74$9
49 years$899$501$265$135$67$8
50 years$871$478$249$125$61$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $892,000, adding $4,092 every year, while hoping to spend $59,318 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: 72/18/10 Blend
52$892,000$892,000$892,000$892,000
53$987,205$939,929$926,103$1,056,117
54$1,024,786$922,872$894,013$1,085,162
55$1,064,212$902,990$858,861$1,109,228
56$1,105,609$880,084$820,480$1,133,957
57$1,149,113$853,940$778,698$1,159,402
58$1,194,873$824,333$733,335$1,185,617
59$1,243,049$791,025$684,201$1,212,668
60$1,293,818$753,763$631,099$1,240,625
61$1,347,371$712,281$573,824$1,269,568
62$1,403,915$666,295$512,160$1,299,589
63$1,463,680$615,509$445,883$1,330,787
64$1,526,912$559,606$374,757$1,363,277
65$1,593,883$498,252$298,537$1,397,184
66$1,664,888$431,096$216,967$1,432,651
67$1,740,252$357,765$129,781$1,469,838
68$1,820,327$277,865$36,698$1,508,921
69$1,905,501$190,981$0$1,550,099
70$1,996,197$96,674$0$1,600,278
71$2,092,879$0$0$1,657,634
72$2,196,053$0$0$1,719,653
73$2,306,278$0$0$1,806,392
74$2,424,161$0$0$1,899,185
75$2,550,371$0$0$1,998,562
76$2,685,642$0$0$2,105,103
77$2,830,777$0$0$2,219,447
78$2,986,659$0$0$2,342,291
79$3,154,255$0$0$2,474,405
80$3,334,630$0$0$2,616,629
81$3,528,949$0$0$2,769,891
82$3,738,497$0$0$2,935,205
83$3,964,680$0$0$3,113,690
84$4,209,048$0$0$3,306,571
85$4,473,299$0$0$3,515,198
86$4,759,305$0$0$3,741,052
87$5,069,120$0$0$3,985,763
88$5,405,003$0$0$4,251,124
89$5,769,440$0$0$4,539,104
90$6,165,162$0$0$4,851,870
91$6,595,177$0$0$5,191,806
92$7,062,789$0$0$5,561,535
93$7,571,638$0$0$5,963,942
94$8,125,725$0$0$6,402,200
95$8,729,455$0$0$6,879,804
96$9,387,676$0$0$7,400,597
97$10,105,721$0$0$7,968,812
98$10,889,462$0$0$8,589,106
99$11,745,363$0$0$9,266,604
100$12,680,539$0$0$10,006,952