Can I retire at age 53 with 903,000?

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 $903,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$74,569$73,905$73,257$72,624$72,006$69,452
2 years$36,915$36,228$35,561$34,915$34,289$31,742
3 years$24,366$23,675$23,011$22,371$21,754$19,296
4 years$18,092$17,404$16,746$16,117$15,515$13,164
5 years$14,329$13,645$12,995$12,379$11,794$9,556
6 years$11,821$11,142$10,502$9,900$9,333$7,209
7 years$10,030$9,357$8,727$8,139$7,590$5,580
8 years$8,688$8,021$7,402$6,828$6,297$4,400
9 years$7,644$6,983$6,375$5,816$5,303$3,516
10 years$6,810$6,156$5,558$5,013$4,518$2,839
11 years$6,128$5,480$4,893$4,363$3,886$2,310
12 years$5,560$4,919$4,342$3,827$3,367$1,891
13 years$5,080$4,445$3,880$3,379$2,936$1,556
14 years$4,668$4,040$3,486$2,999$2,574$1,286
15 years$4,312$3,691$3,147$2,675$2,266$1,066
16 years$4,001$3,386$2,854$2,395$2,003$886
17 years$3,726$3,119$2,597$2,152$1,776$738
18 years$3,483$2,882$2,370$1,939$1,579$615
19 years$3,265$2,671$2,170$1,752$1,408$514
20 years$3,069$2,482$1,991$1,587$1,257$430
21 years$2,892$2,312$1,832$1,440$1,125$360
22 years$2,732$2,158$1,688$1,310$1,008$302
23 years$2,585$2,018$1,559$1,193$905$253
24 years$2,451$1,891$1,442$1,088$814$212
25 years$2,328$1,775$1,335$993$732$178
26 years$2,215$1,668$1,238$908$660$150
27 years$2,110$1,570$1,150$831$595$126
28 years$2,013$1,479$1,069$762$537$106
29 years$1,922$1,395$995$699$484$89
30 years$1,838$1,318$927$641$438$75
31 years$1,760$1,246$864$589$396$63
32 years$1,686$1,179$806$541$358$53
33 years$1,617$1,116$753$498$324$45
34 years$1,552$1,058$703$458$293$37
35 years$1,492$1,003$657$421$266$32
36 years$1,434$952$615$388$241$27
37 years$1,380$905$576$358$218$22
38 years$1,329$860$539$330$198$19
39 years$1,280$817$505$304$179$16
40 years$1,235$778$473$280$163$13
41 years$1,191$740$444$259$148$11
42 years$1,150$705$416$239$134$9
43 years$1,110$672$391$220$122$8
44 years$1,073$640$367$203$110$7
45 years$1,037$611$344$188$100$6
46 years$1,003$583$323$174$91$5
47 years$971$556$304$160$83$4
48 years$940$531$286$148$75$3
49 years$910$507$268$137$68$3
50 years$882$484$252$127$62$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $903,000, adding $2,422 every year, while hoping to spend $32,196 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: 46/26/28 Blend
52$903,000$903,000$903,000$903,000
53$997,604$949,745$935,749$1,035,354
54$1,065,104$962,027$932,840$1,074,616
55$1,138,409$973,830$928,755$1,113,887
56$1,218,078$985,100$923,420$1,155,880
57$1,304,726$995,773$916,758$1,200,866
58$1,399,027$1,005,785$908,688$1,249,146
59$1,501,725$1,015,066$899,127$1,301,055
60$1,613,638$1,023,542$887,985$1,356,960
61$1,735,667$1,031,133$875,170$1,417,271
62$1,868,802$1,037,756$860,585$1,482,438
63$2,014,134$1,043,320$844,129$1,552,961
64$2,172,863$1,047,730$825,695$1,629,390
65$2,346,312$1,050,885$805,172$1,712,338
66$2,535,934$1,052,676$782,443$1,802,477
67$2,743,332$1,052,990$757,388$1,900,555
68$2,970,269$1,051,705$729,878$2,007,394
69$3,218,689$1,048,690$699,781$2,123,906
70$3,490,729$1,043,810$666,958$2,251,098
71$3,788,744$1,036,918$631,262$2,390,081
72$4,115,329$1,027,860$592,542$2,542,084
73$4,473,340$1,016,472$550,640$2,708,466
74$4,865,923$1,002,581$505,389$2,890,725
75$5,296,543$986,004$456,615$3,090,517
76$5,769,016$966,544$404,137$3,309,673
77$6,287,547$943,995$347,767$3,550,212
78$6,856,765$918,140$287,306$3,814,364
79$7,481,773$888,746$222,548$4,104,593
80$8,168,188$855,569$153,278$4,423,619
81$8,922,201$818,350$79,270$4,774,442
82$9,750,630$776,813$290$5,160,377
83$10,660,987$730,670$0$5,585,083
84$11,661,548$679,614$0$6,077,691
85$12,761,431$623,319$0$6,619,287
86$13,970,679$561,444$0$7,214,781
87$15,300,359$493,626$0$7,869,685
88$16,762,664$419,481$0$8,590,072
89$18,371,026$338,607$0$9,382,643
90$20,140,246$250,574$0$10,254,782
91$22,086,631$154,932$0$11,214,632
92$24,228,148$51,204$0$12,271,170
93$26,584,593$0$0$13,434,293
94$29,177,779$0$0$14,732,398
95$32,031,738$0$0$16,177,287
96$35,172,953$0$0$17,767,734
97$38,630,602$0$0$19,518,528
98$42,436,836$0$0$21,445,965
99$46,627,083$0$0$23,568,003
100$51,240,378$0$0$25,904,426