Can I retire at age 53 with 906,000?

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 $906,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$74,817$74,150$73,500$72,865$72,246$71,137
2 years$37,038$36,348$35,680$35,031$34,403$33,288
3 years$24,447$23,754$23,087$22,445$21,826$20,741
4 years$18,152$17,462$16,801$16,170$15,567$14,519
5 years$14,377$13,690$13,039$12,420$11,834$10,826
6 years$11,860$11,179$10,537$9,933$9,364$8,398
7 years$10,064$9,388$8,756$8,166$7,615$6,691
8 years$8,717$8,047$7,426$6,850$6,317$5,435
9 years$7,670$7,007$6,396$5,835$5,320$4,479
10 years$6,833$6,176$5,576$5,030$4,533$3,733
11 years$6,148$5,498$4,909$4,377$3,899$3,138
12 years$5,578$4,935$4,357$3,840$3,378$2,657
13 years$5,096$4,460$3,893$3,390$2,946$2,263
14 years$4,684$4,054$3,497$3,009$2,583$1,936
15 years$4,326$3,703$3,158$2,684$2,274$1,663
16 years$4,014$3,398$2,863$2,403$2,010$1,433
17 years$3,739$3,129$2,605$2,159$1,782$1,238
18 years$3,494$2,891$2,378$1,946$1,584$1,073
19 years$3,276$2,680$2,177$1,758$1,412$931
20 years$3,079$2,490$1,998$1,592$1,261$810
21 years$2,902$2,319$1,838$1,445$1,129$705
22 years$2,741$2,165$1,694$1,314$1,012$615
23 years$2,594$2,025$1,564$1,197$908$537
24 years$2,459$1,897$1,446$1,091$816$469
25 years$2,336$1,780$1,340$997$735$410
26 years$2,222$1,673$1,242$911$662$359
27 years$2,117$1,575$1,154$834$597$314
28 years$2,019$1,484$1,073$764$538$275
29 years$1,929$1,400$998$701$486$241
30 years$1,844$1,322$930$643$439$212
31 years$1,765$1,250$867$591$397$186
32 years$1,692$1,183$809$543$359$163
33 years$1,623$1,120$755$499$325$143
34 years$1,558$1,061$705$459$294$125
35 years$1,496$1,007$660$423$267$110
36 years$1,439$956$617$389$242$97
37 years$1,385$908$578$359$219$85
38 years$1,333$863$541$331$198$75
39 years$1,285$820$507$305$180$66
40 years$1,239$780$475$281$163$58
41 years$1,195$743$445$260$148$51
42 years$1,153$707$418$239$134$45
43 years$1,114$674$392$221$122$39
44 years$1,076$642$368$204$111$34
45 years$1,041$613$345$189$100$30
46 years$1,007$584$324$174$91$27
47 years$974$558$305$161$83$23
48 years$943$532$286$149$75$21
49 years$913$508$269$137$68$18
50 years$885$486$253$127$62$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $906,000, adding $5,085 every year, while hoping to spend $47,393 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: 82/8/10 Blend
52$906,000$906,000$906,000$906,000
53$1,003,657$955,639$941,596$1,083,979
54$1,055,604$952,040$922,714$1,133,728
55$1,111,262$946,675$901,611$1,181,536
56$1,170,958$939,410$878,162$1,232,595
57$1,235,053$930,098$852,238$1,287,207
58$1,303,942$918,587$823,702$1,345,702
59$1,378,060$904,714$792,411$1,408,443
60$1,457,883$888,306$758,218$1,475,832
61$1,543,935$869,180$720,966$1,548,311
62$1,636,791$847,144$680,493$1,626,366
63$1,737,082$821,993$636,627$1,710,534
64$1,845,503$793,509$589,193$1,801,405
65$1,962,816$761,463$538,004$1,899,632
66$2,089,862$725,613$482,865$2,005,932
67$2,227,562$685,702$423,575$2,121,095
68$2,376,930$641,458$359,921$2,245,994
69$2,539,081$592,594$291,683$2,381,591
70$2,715,242$538,806$218,630$2,528,943
71$2,906,763$479,774$140,520$2,689,220
72$3,115,128$415,158$57,102$2,863,707
73$3,341,970$344,600$0$3,053,825
74$3,589,087$267,721$0$3,264,543
75$3,858,456$184,122$0$3,500,904
76$4,152,254$93,379$0$3,758,738
77$4,472,877$0$0$4,040,175
78$4,822,962$0$0$4,347,993
79$5,205,412$0$0$4,693,268
80$5,623,423$0$0$5,070,667
81$6,080,513$0$0$5,483,369
82$6,580,556$0$0$5,934,875
83$7,127,819$0$0$6,429,038
84$7,726,998$0$0$6,970,104
85$8,383,266$0$0$7,562,746
86$9,102,319$0$0$8,212,111
87$9,890,430$0$0$8,923,866
88$10,754,507$0$0$9,704,255
89$11,702,162$0$0$10,560,154
90$12,741,774$0$0$11,499,136
91$13,882,575$0$0$12,529,542
92$15,134,733$0$0$13,660,560
93$16,509,450$0$0$14,902,312
94$18,019,064$0$0$16,265,947
95$19,677,167$0$0$17,763,745
96$21,498,731$0$0$19,409,238
97$23,500,251$0$0$21,217,328
98$25,699,898$0$0$23,204,437
99$28,117,692$0$0$25,388,653
100$30,775,688$0$0$27,789,906