Can I retire at age 53 with 908,000?

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 $908,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$74,982$74,314$73,662$73,026$72,405$70,684
2 years$37,120$36,428$35,758$35,109$34,479$32,754
3 years$24,501$23,806$23,138$22,495$21,875$20,201
4 years$18,192$17,500$16,839$16,206$15,601$13,992
5 years$14,408$13,720$13,067$12,448$11,860$10,319
6 years$11,887$11,204$10,560$9,955$9,384$7,913
7 years$10,086$9,409$8,776$8,184$7,632$6,231
8 years$8,736$8,065$7,443$6,866$6,331$5,000
9 years$7,687$7,022$6,410$5,848$5,332$4,069
10 years$6,848$6,190$5,589$5,041$4,543$3,348
11 years$6,162$5,510$4,920$4,387$3,907$2,777
12 years$5,591$4,946$4,366$3,848$3,386$2,320
13 years$5,108$4,470$3,901$3,397$2,953$1,948
14 years$4,694$4,063$3,505$3,016$2,588$1,643
15 years$4,336$3,711$3,165$2,690$2,279$1,391
16 years$4,023$3,405$2,869$2,408$2,014$1,181
17 years$3,747$3,136$2,611$2,164$1,786$1,005
18 years$3,502$2,898$2,383$1,950$1,588$858
19 years$3,283$2,686$2,182$1,762$1,415$733
20 years$3,086$2,496$2,002$1,596$1,264$627
21 years$2,908$2,325$1,842$1,448$1,131$538
22 years$2,747$2,170$1,698$1,317$1,014$461
23 years$2,599$2,029$1,567$1,199$910$396
24 years$2,465$1,901$1,450$1,094$818$340
25 years$2,341$1,784$1,343$999$736$293
26 years$2,227$1,677$1,245$913$663$252
27 years$2,121$1,578$1,156$836$598$217
28 years$2,024$1,487$1,075$766$539$187
29 years$1,933$1,403$1,000$702$487$161
30 years$1,848$1,325$932$645$440$139
31 years$1,769$1,253$869$592$398$120
32 years$1,695$1,185$810$544$360$103
33 years$1,626$1,122$757$500$326$89
34 years$1,561$1,064$707$460$295$77
35 years$1,500$1,009$661$424$267$66
36 years$1,442$958$618$390$242$57
37 years$1,388$910$579$360$219$49
38 years$1,336$864$542$331$199$43
39 years$1,288$822$508$306$180$37
40 years$1,241$782$476$282$164$32
41 years$1,198$744$446$260$148$27
42 years$1,156$709$419$240$135$24
43 years$1,116$676$393$222$122$20
44 years$1,079$644$369$205$111$18
45 years$1,043$614$346$189$101$15
46 years$1,009$586$325$175$91$13
47 years$976$559$306$161$83$11
48 years$945$534$287$149$75$10
49 years$915$510$270$138$68$8
50 years$887$487$254$127$62$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $908,000, adding $3,429 every year, while hoping to spend $21,032 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: 57/27/16 Blend
52$908,000$908,000$908,000$908,000
53$1,004,153$956,029$941,955$1,057,015
54$1,084,199$980,497$951,133$1,117,731
55$1,171,704$1,005,458$959,913$1,181,273
56$1,267,408$1,030,916$968,260$1,250,034
57$1,372,124$1,056,871$976,137$1,324,522
58$1,486,747$1,083,324$983,504$1,405,291
59$1,612,264$1,110,275$990,320$1,492,955
60$1,749,760$1,137,724$996,541$1,588,188
61$1,900,432$1,165,669$1,002,121$1,691,733
62$2,065,596$1,194,107$1,007,012$1,804,410
63$2,246,704$1,223,035$1,011,164$1,927,121
64$2,445,353$1,252,449$1,014,524$2,060,858
65$2,663,303$1,282,343$1,017,034$2,206,717
66$2,902,492$1,312,710$1,018,637$2,365,903
67$3,165,056$1,343,542$1,019,271$2,539,746
68$3,453,346$1,374,831$1,018,871$2,729,709
69$3,769,954$1,406,564$1,017,370$2,937,407
70$4,117,733$1,438,730$1,014,696$3,164,615
71$4,499,829$1,471,314$1,010,775$3,413,293
72$4,919,703$1,504,300$1,005,528$3,685,600
73$5,381,173$1,537,671$998,873$3,983,914
74$5,888,442$1,571,406$990,725$4,310,855
75$6,446,142$1,605,484$980,993$4,669,311
76$7,059,375$1,639,879$969,583$5,062,466
77$7,733,763$1,674,566$956,396$5,493,827
78$8,475,501$1,709,513$941,329$5,967,259
79$9,291,412$1,744,689$924,273$6,487,021
80$10,189,015$1,780,057$905,115$7,057,809
81$11,176,594$1,815,580$883,737$7,684,794
82$12,263,279$1,851,216$860,014$8,373,679
83$13,459,125$1,886,917$833,816$9,130,747
84$14,775,215$1,922,635$805,008$9,962,921
85$16,223,759$1,958,316$773,447$10,877,834
86$17,818,210$1,993,902$738,986$11,883,894
87$19,573,394$2,029,329$701,468$12,990,372
88$21,505,645$2,064,531$660,733$14,207,480
89$23,632,962$2,099,435$616,608$15,546,478
90$25,975,179$2,133,961$568,919$17,019,771
91$28,554,148$2,168,027$517,479$18,641,033
92$31,393,952$2,201,541$462,095$20,425,331
93$34,521,125$2,234,406$402,566$22,389,274
94$37,964,907$2,266,519$338,679$24,551,164
95$41,757,517$2,297,769$270,215$26,931,171
96$45,934,460$2,328,035$196,943$29,551,524
97$50,534,858$2,357,192$118,623$32,436,724
98$55,601,821$2,385,102$35,005$35,613,770
99$61,182,856$2,411,621$0$39,112,417
100$67,330,309$2,436,593$0$42,974,717