Can I retire at age 53 with 897,000?

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 $897,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$74,073$73,414$72,770$72,142$71,528$69,349
2 years$36,670$35,987$35,325$34,683$34,061$31,885
3 years$24,204$23,518$22,858$22,222$21,610$19,504
4 years$17,972$17,288$16,635$16,010$15,412$13,393
5 years$14,234$13,554$12,909$12,297$11,716$9,790
6 years$11,743$11,068$10,432$9,834$9,271$7,438
7 years$9,964$9,295$8,669$8,085$7,539$5,801
8 years$8,630$7,967$7,352$6,782$6,255$4,609
9 years$7,594$6,937$6,333$5,777$5,267$3,712
10 years$6,765$6,115$5,521$4,980$4,488$3,022
11 years$6,087$5,444$4,861$4,334$3,860$2,480
12 years$5,523$4,886$4,314$3,802$3,345$2,048
13 years$5,046$4,415$3,854$3,356$2,917$1,700
14 years$4,637$4,013$3,463$2,979$2,557$1,418
15 years$4,283$3,666$3,126$2,657$2,251$1,186
16 years$3,974$3,364$2,835$2,379$1,990$995
17 years$3,701$3,098$2,579$2,138$1,764$836
18 years$3,459$2,863$2,355$1,926$1,569$705
19 years$3,243$2,653$2,156$1,741$1,398$594
20 years$3,049$2,465$1,978$1,576$1,249$502
21 years$2,873$2,296$1,820$1,431$1,118$425
22 years$2,713$2,144$1,677$1,301$1,002$360
23 years$2,568$2,005$1,548$1,185$899$305
24 years$2,435$1,878$1,432$1,081$808$258
25 years$2,313$1,763$1,326$987$727$219
26 years$2,200$1,657$1,230$902$655$186
27 years$2,096$1,559$1,142$826$591$158
28 years$1,999$1,469$1,062$757$533$134
29 years$1,909$1,386$988$694$481$114
30 years$1,826$1,309$920$637$435$97
31 years$1,748$1,237$858$585$393$82
32 years$1,675$1,171$801$538$356$70
33 years$1,606$1,109$748$494$322$60
34 years$1,542$1,051$698$455$291$51
35 years$1,482$997$653$419$264$43
36 years$1,425$946$611$386$239$37
37 years$1,371$899$572$355$217$31
38 years$1,320$854$535$327$196$27
39 years$1,272$812$502$302$178$23
40 years$1,226$773$470$278$162$19
41 years$1,183$735$441$257$147$16
42 years$1,142$700$414$237$133$14
43 years$1,103$667$388$219$121$12
44 years$1,066$636$364$202$110$10
45 years$1,030$607$342$187$99$9
46 years$997$579$321$172$90$7
47 years$964$552$302$159$82$6
48 years$933$527$284$147$74$5
49 years$904$503$267$136$68$4
50 years$876$481$251$126$61$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $897,000, adding $4,859 every year, while hoping to spend $26,567 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: 38/41/21 Blend
52$897,000$897,000$897,000$897,000
53$993,506$945,965$932,062$1,024,850
54$1,066,577$964,050$935,019$1,066,062
55$1,146,210$982,131$937,184$1,107,714
56$1,233,047$1,000,180$938,504$1,152,188
57$1,327,795$1,018,165$938,920$1,199,753
58$1,431,229$1,036,055$938,374$1,250,707
59$1,544,206$1,053,813$936,801$1,305,379
60$1,667,667$1,071,401$934,135$1,364,134
61$1,802,648$1,088,779$930,308$1,427,373
62$1,950,291$1,105,902$925,246$1,495,539
63$2,111,852$1,122,723$918,873$1,569,121
64$2,288,716$1,139,191$911,110$1,648,659
65$2,482,405$1,155,251$901,872$1,734,751
66$2,694,598$1,170,847$891,073$1,828,055
67$2,927,143$1,185,914$878,620$1,929,299
68$3,182,075$1,200,387$864,417$2,039,284
69$3,461,636$1,214,195$848,364$2,158,898
70$3,768,294$1,227,262$830,355$2,289,119
71$4,104,768$1,239,506$810,281$2,431,027
72$4,474,055$1,250,842$788,025$2,585,814
73$4,879,452$1,261,177$763,468$2,754,796
74$5,324,595$1,270,414$736,483$2,939,425
75$5,813,487$1,278,447$706,938$3,141,305
76$6,350,537$1,285,166$674,696$3,362,205
77$6,940,606$1,290,453$639,612$3,604,078
78$7,589,044$1,294,182$601,535$3,869,077
79$8,301,749$1,296,219$560,309$4,159,582
80$9,085,216$1,296,422$515,768$4,478,214
81$9,946,602$1,294,641$467,741$4,827,870
82$10,893,793$1,290,716$416,047$5,211,744
83$11,935,475$1,284,476$360,500$5,633,359
84$13,081,220$1,275,742$300,904$6,096,605
85$14,341,574$1,264,323$237,053$6,605,770
86$15,728,154$1,250,015$168,734$7,165,586
87$17,253,764$1,232,603$95,725$7,781,275
88$18,932,508$1,211,861$17,791$8,458,594
89$20,779,928$1,187,546$0$9,203,894
90$22,813,148$1,159,403$0$10,038,833
91$25,051,038$1,127,162$0$10,961,694
92$27,514,387$1,090,537$0$11,977,069
93$30,226,104$1,049,222$0$13,094,422
94$33,211,431$1,002,899$0$14,324,183
95$36,498,183$951,228$0$15,677,855
96$40,117,009$893,849$0$17,168,116
97$44,101,679$830,382$0$18,808,945
98$48,489,406$760,427$0$20,615,752
99$53,321,197$683,559$0$22,605,525
100$58,642,234$599,329$0$24,796,993