Can I retire at age 53 with 900,000?

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 $900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$74,321$73,659$73,013$72,383$71,767$70,724
2 years$36,793$36,107$35,443$34,799$34,175$33,126
3 years$24,285$23,597$22,934$22,296$21,682$20,660
4 years$18,032$17,346$16,690$16,063$15,464$14,477
5 years$14,281$13,599$12,952$12,338$11,755$10,806
6 years$11,782$11,105$10,467$9,867$9,302$8,391
7 years$9,997$9,326$8,698$8,112$7,565$6,693
8 years$8,659$7,994$7,377$6,805$6,276$5,443
9 years$7,619$6,960$6,354$5,796$5,285$4,491
10 years$6,787$6,135$5,539$4,997$4,503$3,747
11 years$6,108$5,462$4,877$4,348$3,873$3,154
12 years$5,541$4,902$4,328$3,814$3,356$2,674
13 years$5,063$4,430$3,867$3,367$2,927$2,280
14 years$4,653$4,027$3,474$2,989$2,565$1,953
15 years$4,298$3,679$3,137$2,666$2,259$1,680
16 years$3,987$3,375$2,844$2,387$1,996$1,450
17 years$3,714$3,108$2,588$2,145$1,770$1,255
18 years$3,471$2,872$2,362$1,933$1,574$1,089
19 years$3,254$2,662$2,163$1,746$1,403$946
20 years$3,059$2,474$1,985$1,582$1,253$824
21 years$2,883$2,304$1,826$1,436$1,121$719
22 years$2,722$2,151$1,683$1,305$1,005$628
23 years$2,577$2,012$1,554$1,189$902$549
24 years$2,443$1,885$1,437$1,084$811$480
25 years$2,320$1,769$1,331$990$730$420
26 years$2,207$1,662$1,234$905$657$369
27 years$2,103$1,564$1,146$829$593$323
28 years$2,006$1,474$1,065$759$535$284
29 years$1,916$1,391$991$696$483$249
30 years$1,832$1,313$924$639$436$219
31 years$1,754$1,242$861$587$394$192
32 years$1,680$1,175$803$539$357$169
33 years$1,612$1,113$750$496$323$149
34 years$1,547$1,054$701$456$292$131
35 years$1,487$1,000$655$420$265$115
36 years$1,429$949$613$387$240$101
37 years$1,375$902$574$356$217$89
38 years$1,324$857$537$329$197$78
39 years$1,276$815$503$303$179$69
40 years$1,230$775$472$279$162$61
41 years$1,187$738$442$258$147$53
42 years$1,146$703$415$238$133$47
43 years$1,107$670$389$220$121$41
44 years$1,069$638$366$203$110$36
45 years$1,034$609$343$187$100$32
46 years$1,000$581$322$173$91$28
47 years$968$554$303$160$82$25
48 years$937$529$285$148$75$22
49 years$907$505$267$136$68$19
50 years$879$482$251$126$62$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $900,000, adding $3,165 every year, while hoping to spend $39,281 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: 57/17/26 Blend
52$900,000$900,000$900,000$900,000
53$995,065$947,365$933,415$1,044,556
54$1,054,767$951,991$922,889$1,083,441
55$1,119,242$955,527$910,695$1,121,394
56$1,188,935$957,879$896,734$1,161,941
57$1,264,336$958,945$880,905$1,205,345
58$1,345,984$958,618$863,100$1,251,897
59$1,434,469$956,785$843,209$1,301,919
60$1,530,442$953,325$821,113$1,355,764
61$1,634,619$948,110$796,692$1,413,829
62$1,747,785$941,003$769,817$1,476,547
63$1,870,808$931,860$740,355$1,544,403
64$2,004,639$920,530$708,164$1,617,927
65$2,150,325$906,848$673,101$1,697,712
66$2,309,019$890,645$635,011$1,784,408
67$2,481,989$871,737$593,735$1,878,739
68$2,670,633$849,933$549,105$1,981,501
69$2,876,486$825,028$500,949$2,093,576
70$3,101,239$796,806$449,082$2,215,941
71$3,346,755$765,039$393,316$2,349,672
72$3,615,083$729,485$333,451$2,495,960
73$3,908,480$689,888$269,280$2,656,122
74$4,229,429$645,977$200,585$2,831,613
75$4,580,668$597,467$127,142$3,024,038
76$4,965,208$544,055$48,713$3,235,173
77$5,386,366$485,420$0$3,466,978
78$5,847,796$421,226$0$3,731,325
79$6,353,520$351,115$0$4,035,951
80$6,907,969$274,710$0$4,370,044
81$7,516,023$191,613$0$4,736,598
82$8,183,058$101,402$0$5,138,913
83$8,914,992$3,633$0$5,580,628
84$9,718,348$0$0$6,065,755
85$10,600,307$0$0$6,617,828
86$11,568,784$0$0$7,224,887
87$12,632,493$0$0$7,891,724
88$13,801,036$0$0$8,624,371
89$15,084,992$0$0$9,429,470
90$16,496,014$0$0$10,314,339
91$18,046,938$0$0$11,287,042
92$19,751,910$0$0$12,356,460
93$21,626,510$0$0$13,532,381
94$23,687,907$0$0$14,825,585
95$25,955,014$0$0$16,247,953
96$28,448,670$0$0$17,812,573
97$31,191,837$0$0$19,533,864
98$34,209,810$0$0$21,427,716
99$37,530,463$0$0$23,511,635
100$41,184,508$0$0$25,804,910