Can I retire at age 53 with 902,000?

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 $902,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$74,486$73,823$73,176$72,544$71,927$70,159
2 years$36,874$36,188$35,522$34,877$34,251$32,481
3 years$24,339$23,649$22,985$22,346$21,730$20,014
4 years$18,072$17,385$16,727$16,099$15,498$13,848
5 years$14,313$13,630$12,981$12,366$11,781$10,202
6 years$11,808$11,130$10,491$9,889$9,322$7,815
7 years$10,019$9,347$8,718$8,130$7,581$6,147
8 years$8,678$8,012$7,393$6,820$6,290$4,927
9 years$7,636$6,976$6,368$5,809$5,297$4,005
10 years$6,803$6,149$5,552$5,008$4,513$3,291
11 years$6,121$5,474$4,888$4,358$3,881$2,726
12 years$5,554$4,913$4,338$3,823$3,364$2,274
13 years$5,074$4,440$3,875$3,375$2,933$1,907
14 years$4,663$4,036$3,482$2,996$2,571$1,607
15 years$4,307$3,687$3,144$2,672$2,264$1,358
16 years$3,996$3,383$2,850$2,392$2,001$1,152
17 years$3,722$3,115$2,594$2,149$1,774$979
18 years$3,479$2,879$2,368$1,937$1,577$834
19 years$3,261$2,668$2,168$1,750$1,406$712
20 years$3,066$2,479$1,989$1,585$1,256$608
21 years$2,889$2,309$1,830$1,439$1,124$520
22 years$2,729$2,156$1,686$1,308$1,007$446
23 years$2,582$2,016$1,557$1,191$904$382
24 years$2,448$1,889$1,440$1,087$813$328
25 years$2,325$1,773$1,334$992$731$282
26 years$2,212$1,666$1,237$907$659$242
27 years$2,107$1,568$1,149$830$594$208
28 years$2,010$1,477$1,068$761$536$179
29 years$1,920$1,394$994$698$484$154
30 years$1,836$1,316$926$640$437$132
31 years$1,758$1,244$863$588$395$114
32 years$1,684$1,177$805$541$358$98
33 years$1,615$1,115$752$497$324$84
34 years$1,551$1,057$702$457$293$73
35 years$1,490$1,002$657$421$265$63
36 years$1,433$951$614$388$240$54
37 years$1,379$904$575$357$218$46
38 years$1,327$859$538$329$198$40
39 years$1,279$817$504$304$179$34
40 years$1,233$777$473$280$163$30
41 years$1,190$740$443$258$147$26
42 years$1,148$704$416$238$134$22
43 years$1,109$671$390$220$121$19
44 years$1,072$640$366$203$110$16
45 years$1,036$610$344$188$100$14
46 years$1,002$582$323$173$91$12
47 years$970$555$304$160$82$10
48 years$939$530$285$148$75$9
49 years$909$506$268$137$68$8
50 years$881$484$252$126$62$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $902,000, adding $2,159 every year, while hoping to spend $43,985 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: 52/22/26 Blend
52$902,000$902,000$902,000$902,000
53$996,231$948,425$934,444$1,040,691
54$1,051,047$948,098$918,948$1,071,419
55$1,109,980$946,281$901,459$1,100,178
56$1,173,403$942,854$881,863$1,130,576
57$1,241,727$937,691$860,043$1,162,787
58$1,315,402$930,657$835,873$1,197,005
59$1,394,924$921,609$809,225$1,233,447
60$1,480,834$910,397$779,963$1,272,351
61$1,573,733$896,859$747,945$1,313,986
62$1,674,275$880,827$713,022$1,358,650
63$1,783,183$862,119$675,040$1,406,672
64$1,901,250$840,546$633,837$1,458,421
65$2,029,351$815,906$589,244$1,514,304
66$2,168,444$787,985$541,083$1,574,775
67$2,319,586$756,556$489,169$1,640,338
68$2,483,938$721,382$433,311$1,711,551
69$2,662,778$682,208$373,305$1,789,034
70$2,857,512$638,767$308,942$1,873,475
71$3,069,688$590,777$240,001$1,965,635
72$3,301,009$537,937$166,253$2,066,361
73$3,553,347$479,931$87,459$2,176,589
74$3,828,767$416,426$3,367$2,297,356
75$4,129,538$347,068$0$2,429,812
76$4,458,161$271,484$0$2,599,193
77$4,817,386$189,280$0$2,785,500
78$5,210,244$100,039$0$2,989,438
79$5,640,070$3,322$0$3,212,817
80$6,110,537$0$0$3,457,633
81$6,625,691$0$0$3,750,622
82$7,189,984$0$0$4,072,530
83$7,808,321$0$0$4,425,363
84$8,486,106$0$0$4,812,213
85$9,229,286$0$0$5,236,489
86$10,044,416$0$0$5,701,945
87$10,938,711$0$0$6,212,714
88$11,920,122$0$0$6,773,350
89$12,997,406$0$0$7,388,870
90$14,180,207$0$0$8,064,799
91$15,479,152$0$0$8,807,224
92$16,905,945$0$0$9,622,850
93$18,473,480$0$0$10,519,065
94$20,195,962$0$0$11,504,007
95$22,089,041$0$0$12,586,640
96$24,169,956$0$0$13,776,843
97$26,457,701$0$0$15,085,497
98$28,973,201$0$0$16,524,591
99$31,739,513$0$0$18,107,334
100$34,782,036$0$0$19,848,280