Can I retire at age 53 with 907,000?

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 $907,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$74,899$74,232$73,581$72,946$72,325$70,894
2 years$37,079$36,388$35,719$35,070$34,441$33,005
3 years$24,474$23,780$23,113$22,470$21,851$20,455
4 years$18,172$17,481$16,820$16,188$15,584$14,239
5 years$14,393$13,705$13,053$12,434$11,847$10,556
6 years$11,873$11,191$10,549$9,944$9,374$8,140
7 years$10,075$9,398$8,766$8,175$7,624$6,446
8 years$8,726$8,056$7,434$6,858$6,324$5,203
9 years$7,678$7,014$6,403$5,841$5,326$4,260
10 years$6,840$6,183$5,582$5,035$4,538$3,526
11 years$6,155$5,504$4,915$4,382$3,903$2,944
12 years$5,584$4,940$4,362$3,844$3,382$2,475
13 years$5,102$4,465$3,897$3,394$2,949$2,092
14 years$4,689$4,058$3,501$3,012$2,585$1,777
15 years$4,331$3,707$3,161$2,687$2,276$1,515
16 years$4,018$3,401$2,866$2,406$2,012$1,295
17 years$3,743$3,132$2,608$2,161$1,784$1,111
18 years$3,498$2,895$2,381$1,948$1,586$954
19 years$3,279$2,683$2,180$1,760$1,414$822
20 years$3,083$2,493$2,000$1,594$1,263$709
21 years$2,905$2,322$1,840$1,447$1,130$612
22 years$2,744$2,167$1,696$1,315$1,013$529
23 years$2,597$2,027$1,566$1,198$909$458
24 years$2,462$1,899$1,448$1,093$817$397
25 years$2,338$1,782$1,341$998$735$344
26 years$2,224$1,675$1,244$912$662$298
27 years$2,119$1,577$1,155$835$597$259
28 years$2,022$1,486$1,074$765$539$225
29 years$1,931$1,401$999$702$487$195
30 years$1,846$1,324$931$644$440$170
31 years$1,767$1,251$868$591$398$147
32 years$1,694$1,184$810$544$360$128
33 years$1,624$1,121$756$500$325$112
34 years$1,559$1,063$706$460$295$97
35 years$1,498$1,008$660$423$267$84
36 years$1,441$957$618$390$242$73
37 years$1,386$909$578$359$219$64
38 years$1,335$863$541$331$199$56
39 years$1,286$821$507$305$180$48
40 years$1,240$781$475$282$163$42
41 years$1,196$744$446$260$148$37
42 years$1,155$708$418$240$135$32
43 years$1,115$675$392$221$122$28
44 years$1,078$643$368$204$111$24
45 years$1,042$613$346$189$101$21
46 years$1,008$585$325$174$91$18
47 years$975$558$305$161$83$16
48 years$944$533$287$149$75$14
49 years$914$509$270$138$68$12
50 years$886$486$253$127$62$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $907,000, adding $5,900 every year, while hoping to spend $21,089 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: 58/37/5 Blend
52$907,000$907,000$907,000$907,000
53$1,005,600$957,529$943,470$1,062,658
54$1,085,733$982,009$952,638$1,126,103
55$1,173,332$1,006,982$961,406$1,192,295
56$1,269,137$1,032,450$969,739$1,263,903
57$1,373,963$1,058,414$977,599$1,341,446
58$1,488,705$1,084,874$984,946$1,425,496
59$1,614,350$1,111,830$991,739$1,516,680
60$1,751,986$1,139,282$997,935$1,615,692
61$1,902,810$1,167,228$1,003,486$1,723,293
62$2,068,139$1,195,665$1,008,346$1,840,322
63$2,249,426$1,224,589$1,012,462$1,967,704
64$2,448,270$1,253,996$1,015,782$2,106,457
65$2,666,432$1,283,881$1,018,250$2,257,700
66$2,905,853$1,314,235$1,019,805$2,422,668
67$3,168,669$1,345,052$1,020,388$2,602,721
68$3,457,234$1,376,320$1,019,932$2,799,357
69$3,774,142$1,408,030$1,018,370$3,014,225
70$4,122,249$1,440,168$1,015,630$3,249,142
71$4,504,702$1,472,720$1,011,637$3,506,110
72$4,924,967$1,505,669$1,006,313$3,787,335
73$5,386,865$1,538,998$999,575$4,095,247
74$5,894,602$1,572,685$991,337$4,432,522
75$6,452,814$1,606,709$981,509$4,802,110
76$7,066,607$1,641,045$969,997$5,207,262
77$7,741,609$1,675,664$956,700$5,651,556
78$8,484,019$1,710,538$941,515$6,138,940
79$9,300,667$1,745,632$924,334$6,673,759
80$10,199,079$1,780,911$905,042$7,260,805
81$11,187,545$1,816,336$883,521$7,905,355
82$12,275,202$1,851,864$859,647$8,613,227
83$13,472,115$1,887,448$833,288$9,390,828
84$14,789,376$1,923,038$804,308$10,245,222
85$16,239,206$1,958,580$772,566$11,184,191
86$17,835,069$1,994,015$737,911$12,216,312
87$19,591,804$2,029,280$700,189$13,351,035
88$21,525,759$2,064,305$659,236$14,598,775
89$23,654,948$2,099,018$614,882$15,971,009
90$25,999,222$2,133,339$566,950$17,480,384
91$28,580,453$2,167,183$515,253$19,140,838
92$31,422,742$2,200,458$459,597$20,967,731
93$34,552,649$2,233,067$399,780$22,977,989
94$37,999,436$2,264,905$335,591$25,190,265
95$41,795,353$2,295,859$266,807$27,625,116
96$45,975,931$2,325,809$193,197$30,305,194
97$50,580,329$2,354,626$114,522$33,255,466
98$55,651,693$2,382,174$30,529$36,503,442
99$61,237,569$2,408,304$0$40,079,443
100$67,390,352$2,432,861$0$44,020,034