Can I retire at age 53 with 910,000?

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 $910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$75,147$74,478$73,825$73,187$72,565$72,107
2 years$37,201$36,509$35,837$35,186$34,555$34,093
3 years$24,555$23,859$23,189$22,544$21,923$21,472
4 years$18,232$17,539$16,876$16,242$15,636$15,198
5 years$14,440$13,751$13,096$12,475$11,886$11,464
6 years$11,913$11,228$10,584$9,977$9,405$8,998
7 years$10,108$9,430$8,795$8,202$7,649$7,258
8 years$8,755$8,083$7,459$6,881$6,345$5,970
9 years$7,704$7,038$6,424$5,861$5,344$4,984
10 years$6,863$6,203$5,601$5,052$4,553$4,209
11 years$6,175$5,522$4,931$4,397$3,916$3,587
12 years$5,603$4,957$4,376$3,857$3,393$3,080
13 years$5,119$4,479$3,910$3,405$2,959$2,660
14 years$4,704$4,072$3,513$3,022$2,594$2,310
15 years$4,345$3,719$3,172$2,695$2,284$2,014
16 years$4,032$3,413$2,876$2,413$2,019$1,762
17 years$3,755$3,143$2,617$2,168$1,790$1,546
18 years$3,510$2,904$2,389$1,954$1,591$1,361
19 years$3,290$2,692$2,187$1,766$1,418$1,200
20 years$3,093$2,501$2,007$1,599$1,267$1,060
21 years$2,915$2,330$1,846$1,451$1,134$939
22 years$2,753$2,175$1,701$1,320$1,016$832
23 years$2,605$2,034$1,571$1,202$912$739
24 years$2,470$1,906$1,453$1,096$820$656
25 years$2,346$1,788$1,346$1,001$738$584
26 years$2,232$1,681$1,248$915$665$520
27 years$2,126$1,582$1,159$838$599$463
28 years$2,028$1,491$1,077$768$541$413
29 years$1,937$1,406$1,003$704$488$369
30 years$1,852$1,328$934$646$441$329
31 years$1,773$1,255$871$593$399$294
32 years$1,699$1,188$812$545$361$263
33 years$1,630$1,125$758$501$326$235
34 years$1,564$1,066$709$461$296$210
35 years$1,503$1,011$662$425$268$188
36 years$1,445$960$620$391$243$168
37 years$1,391$912$580$360$220$150
38 years$1,339$866$543$332$199$135
39 years$1,290$824$509$306$181$121
40 years$1,244$784$477$283$164$108
41 years$1,200$746$447$261$149$97
42 years$1,159$711$420$241$135$87
43 years$1,119$677$394$222$122$78
44 years$1,081$645$370$205$111$70
45 years$1,045$615$347$189$101$62
46 years$1,011$587$326$175$92$56
47 years$978$560$306$162$83$50
48 years$947$535$288$149$76$45
49 years$917$511$270$138$69$40
50 years$888$488$254$128$62$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $910,000, adding $3,280 every year, while hoping to spend $47,246 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: 56/28/16 Blend
52$910,000$910,000$910,000$910,000
53$1,006,203$957,973$943,868$1,058,144
54$1,058,567$954,645$925,219$1,090,486
55$1,114,688$949,569$904,360$1,120,300
56$1,174,900$942,612$881,170$1,151,704
57$1,239,568$933,629$855,518$1,184,860
58$1,309,095$922,468$827,269$1,219,950
59$1,383,921$908,967$796,281$1,257,174
60$1,464,531$892,956$762,406$1,296,756
61$1,551,455$874,253$725,489$1,338,945
62$1,645,278$852,666$685,367$1,384,020
63$1,746,641$827,992$641,872$1,432,289
64$1,856,251$800,015$594,827$1,484,094
65$1,974,881$768,508$544,046$1,539,816
66$2,103,384$733,230$489,337$1,599,879
67$2,242,697$693,927$430,497$1,664,753
68$2,393,850$650,327$367,317$1,734,960
69$2,557,976$602,147$299,576$1,811,078
70$2,736,322$549,084$227,044$1,893,751
71$2,930,258$490,820$149,481$1,983,692
72$3,141,293$427,019$66,637$2,081,692
73$3,371,085$357,324$0$2,188,626
74$3,621,463$281,359$0$2,309,184
75$3,894,434$198,728$0$2,453,107
76$4,192,211$109,011$0$2,610,249
77$4,517,229$11,764$0$2,781,981
78$4,872,167$0$0$2,969,820
79$5,259,976$0$0$3,204,244
80$5,683,902$0$0$3,464,541
81$6,147,523$0$0$3,749,292
82$6,654,774$0$0$4,060,927
83$7,209,991$0$0$4,402,118
84$7,817,949$0$0$4,775,810
85$8,483,902$0$0$5,185,246
86$9,213,642$0$0$5,633,997
87$10,013,543$0$0$6,125,996
88$10,890,627$0$0$6,665,575
89$11,852,629$0$0$7,257,506
90$12,908,066$0$0$7,907,042
91$14,066,322$0$0$8,619,973
92$15,337,731$0$0$9,402,675
93$16,733,678$0$0$10,262,171
94$18,266,704$0$0$11,206,200
95$19,950,623$0$0$12,243,284
96$21,800,655$0$0$13,382,814
97$23,833,565$0$0$14,635,133
98$26,067,823$0$0$16,011,637
99$28,523,777$0$0$17,524,882
100$31,223,845$0$0$19,188,700