Can I retire at age 53 with 911,000?

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 $911,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$75,230$74,559$73,906$73,268$72,644$70,688
2 years$37,242$36,549$35,877$35,225$34,593$32,635
3 years$24,582$23,885$23,214$22,569$21,947$20,050
4 years$18,252$17,558$16,894$16,260$15,653$13,831
5 years$14,456$13,766$13,111$12,489$11,899$10,157
6 years$11,926$11,241$10,595$9,987$9,415$7,756
7 years$10,119$9,440$8,805$8,211$7,657$6,079
8 years$8,765$8,092$7,467$6,888$6,352$4,856
9 years$7,712$7,045$6,431$5,867$5,350$3,933
10 years$6,870$6,210$5,607$5,058$4,558$3,219
11 years$6,182$5,529$4,936$4,402$3,920$2,657
12 years$5,609$4,962$4,381$3,861$3,397$2,208
13 years$5,125$4,484$3,914$3,409$2,962$1,844
14 years$4,710$4,076$3,517$3,026$2,597$1,547
15 years$4,350$3,724$3,175$2,698$2,286$1,302
16 years$4,036$3,416$2,879$2,416$2,021$1,099
17 years$3,759$3,146$2,620$2,171$1,792$931
18 years$3,513$2,907$2,391$1,956$1,593$789
19 years$3,294$2,694$2,189$1,768$1,420$670
20 years$3,096$2,504$2,009$1,601$1,268$570
21 years$2,918$2,332$1,848$1,453$1,135$486
22 years$2,756$2,177$1,703$1,321$1,017$414
23 years$2,608$2,036$1,573$1,203$913$353
24 years$2,473$1,908$1,454$1,097$821$302
25 years$2,349$1,790$1,347$1,002$739$258
26 years$2,234$1,683$1,249$916$665$220
27 years$2,128$1,584$1,160$839$600$189
28 years$2,030$1,492$1,078$768$541$161
29 years$1,939$1,408$1,004$705$489$138
30 years$1,854$1,329$935$647$442$118
31 years$1,775$1,257$872$594$399$101
32 years$1,701$1,189$813$546$361$87
33 years$1,631$1,126$759$502$327$74
34 years$1,566$1,067$709$462$296$64
35 years$1,505$1,012$663$425$268$55
36 years$1,447$961$620$392$243$47
37 years$1,392$913$581$361$220$40
38 years$1,341$867$544$333$200$34
39 years$1,292$825$509$307$181$29
40 years$1,245$785$478$283$164$25
41 years$1,202$747$448$261$149$22
42 years$1,160$711$420$241$135$19
43 years$1,120$678$394$222$123$16
44 years$1,082$646$370$205$111$14
45 years$1,046$616$347$190$101$12
46 years$1,012$588$326$175$92$10
47 years$979$561$307$162$83$9
48 years$948$535$288$149$76$7
49 years$918$511$271$138$69$6
50 years$889$488$255$128$62$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $911,000, adding $6,056 every year, while hoping to spend $50,479 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: 44/32/24 Blend
52$911,000$911,000$911,000$911,000
53$1,010,169$961,886$947,765$1,047,352
54$1,059,497$955,309$925,806$1,067,728
55$1,112,164$946,718$901,420$1,084,449
56$1,168,459$935,961$874,471$1,101,570
57$1,228,695$922,877$844,819$1,119,154
58$1,293,219$907,294$812,318$1,137,275
59$1,362,409$889,033$776,812$1,156,018
60$1,436,680$867,902$738,141$1,175,481
61$1,516,490$843,697$696,137$1,195,775
62$1,602,338$816,204$650,623$1,217,028
63$1,694,774$785,196$601,417$1,239,383
64$1,794,402$750,432$548,325$1,263,005
65$1,901,885$711,657$491,148$1,288,082
66$2,017,952$668,603$429,676$1,314,824
67$2,143,403$620,984$363,690$1,343,469
68$2,279,118$568,500$292,962$1,374,287
69$2,426,064$510,833$217,252$1,407,580
70$2,585,305$447,645$136,312$1,443,691
71$2,758,009$378,583$49,882$1,483,001
72$2,945,462$303,271$0$1,525,942
73$3,149,080$221,311$0$1,583,842
74$3,370,416$132,285$0$1,660,732
75$3,611,183$35,752$0$1,744,506
76$3,873,263$0$0$1,835,920
77$4,158,728$0$0$1,960,023
78$4,469,858$0$0$2,109,105
79$4,809,161$0$0$2,271,792
80$5,179,400$0$0$2,449,421
81$5,583,615$0$0$2,643,464
82$6,025,150$0$0$2,855,543
83$6,507,690$0$0$3,087,440
84$7,035,290$0$0$3,341,120
85$7,612,416$0$0$3,618,747
86$8,243,984$0$0$3,922,703
87$8,935,407$0$0$4,255,609
88$9,692,647$0$0$4,620,354
89$10,522,270$0$0$5,020,120
90$11,431,504$0$0$5,458,409
91$12,428,314$0$0$5,939,080
92$13,521,468$0$0$6,466,383
93$14,720,626$0$0$7,044,999
94$16,036,426$0$0$7,680,083
95$17,480,590$0$0$8,377,316
96$19,066,023$0$0$9,142,953
97$20,806,947$0$0$9,983,886
98$22,719,026$0$0$10,907,707
99$24,819,514$0$0$11,922,781
100$27,127,421$0$0$13,038,320