Can I retire at age 53 with 909,000?

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 $909,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$75,064$74,396$73,743$73,107$72,485$70,193
2 years$37,161$36,468$35,798$35,147$34,517$32,228
3 years$24,528$23,833$23,164$22,519$21,899$19,686
4 years$18,212$17,519$16,857$16,224$15,618$13,498
5 years$14,424$13,735$13,082$12,462$11,873$9,850
6 years$11,900$11,216$10,572$9,966$9,395$7,472
7 years$10,097$9,419$8,785$8,193$7,640$5,817
8 years$8,746$8,074$7,451$6,873$6,338$4,614
9 years$7,695$7,030$6,417$5,854$5,338$3,709
10 years$6,855$6,196$5,595$5,047$4,548$3,014
11 years$6,169$5,516$4,926$4,392$3,912$2,468
12 years$5,597$4,951$4,371$3,852$3,390$2,035
13 years$5,113$4,474$3,905$3,401$2,956$1,686
14 years$4,699$4,067$3,509$3,019$2,591$1,402
15 years$4,341$3,715$3,168$2,692$2,281$1,171
16 years$4,027$3,409$2,872$2,411$2,016$980
17 years$3,751$3,139$2,614$2,166$1,788$822
18 years$3,506$2,901$2,386$1,952$1,590$691
19 years$3,286$2,689$2,184$1,764$1,417$582
20 years$3,089$2,498$2,005$1,598$1,266$490
21 years$2,911$2,327$1,844$1,450$1,133$414
22 years$2,750$2,172$1,699$1,318$1,015$350
23 years$2,602$2,032$1,569$1,201$911$295
24 years$2,467$1,904$1,451$1,095$819$250
25 years$2,344$1,786$1,344$1,000$737$212
26 years$2,229$1,679$1,247$914$664$179
27 years$2,124$1,580$1,158$837$599$152
28 years$2,026$1,489$1,076$767$540$129
29 years$1,935$1,405$1,001$703$488$109
30 years$1,850$1,326$933$645$441$92
31 years$1,771$1,254$870$593$398$78
32 years$1,697$1,187$811$545$360$66
33 years$1,628$1,124$758$501$326$56
34 years$1,563$1,065$708$461$295$48
35 years$1,501$1,010$662$424$267$41
36 years$1,444$959$619$391$242$34
37 years$1,389$911$579$360$220$29
38 years$1,338$865$543$332$199$25
39 years$1,289$823$508$306$181$21
40 years$1,243$783$476$282$164$18
41 years$1,199$745$447$260$149$15
42 years$1,157$710$419$240$135$13
43 years$1,118$676$393$222$122$11
44 years$1,080$645$369$205$111$9
45 years$1,044$615$347$189$101$8
46 years$1,010$586$326$175$92$7
47 years$977$560$306$161$83$6
48 years$946$534$287$149$75$5
49 years$916$510$270$138$69$4
50 years$888$487$254$127$62$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $909,000, adding $2,692 every year, while hoping to spend $26,092 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: 80/12/8 Blend
52$909,000$909,000$909,000$909,000
53$1,004,495$956,318$942,228$1,083,597
54$1,079,192$975,416$946,031$1,154,921
55$1,160,633$994,575$949,087$1,229,463
56$1,249,479$1,013,771$951,343$1,310,475
57$1,346,458$1,032,977$952,745$1,398,588
58$1,452,368$1,052,164$953,233$1,494,501
59$1,568,091$1,071,302$952,748$1,598,980
60$1,694,596$1,090,356$951,225$1,712,873
61$1,832,952$1,109,291$948,599$1,837,108
62$1,984,334$1,128,066$944,797$1,972,714
63$2,150,036$1,146,641$939,748$2,120,818
64$2,331,483$1,164,971$933,373$2,282,666
65$2,530,246$1,183,005$925,592$2,459,630
66$2,748,052$1,200,694$916,321$2,653,219
67$2,986,806$1,217,980$905,470$2,865,097
68$3,248,603$1,234,805$892,947$3,097,099
69$3,535,755$1,251,104$878,654$3,351,243
70$3,850,803$1,266,809$862,490$3,629,756
71$4,196,550$1,281,848$844,348$3,935,089
72$4,576,081$1,296,142$824,117$4,269,943
73$4,992,796$1,309,607$801,680$4,637,297
74$5,450,440$1,322,157$776,915$5,040,430
75$5,953,137$1,333,695$749,694$5,482,957
76$6,505,432$1,344,121$719,884$5,968,859
77$7,112,331$1,353,328$687,345$6,502,526
78$7,779,349$1,361,201$651,931$7,088,793
79$8,512,563$1,367,620$613,491$7,732,989
80$9,318,665$1,372,454$571,863$8,440,987
81$10,205,031$1,375,566$526,883$9,219,257
82$11,179,785$1,376,811$478,375$10,074,929
83$12,251,881$1,376,032$426,158$11,015,861
84$13,431,181$1,373,066$370,043$12,050,712
85$14,728,552$1,367,737$309,830$13,189,026
86$16,155,968$1,359,859$245,313$14,441,316
87$17,726,621$1,349,237$176,275$15,819,171
88$19,455,047$1,335,660$102,491$17,335,361
89$21,357,263$1,318,908$23,725$19,003,960
90$23,450,915$1,298,746$0$20,840,474
91$25,755,448$1,274,924$0$22,867,145
92$28,292,290$1,247,181$0$25,100,153
93$31,085,047$1,215,237$0$27,558,247
94$34,159,734$1,178,796$0$30,264,326
95$37,545,016$1,137,546$0$33,243,621
96$41,272,477$1,091,155$0$36,523,935
97$45,376,923$1,039,275$0$40,135,907
98$49,896,703$981,534$0$44,113,302
99$54,874,079$917,540$0$48,493,326
100$60,355,615$846,880$0$53,316,980