Can I retire at age 53 with 912,000?

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 $912,000?

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$75,312$74,641$73,987$73,348$72,724$70,765
2 years$37,283$36,589$35,916$35,263$34,631$32,671
3 years$24,609$23,911$23,240$22,594$21,971$20,072
4 years$18,273$17,577$16,913$16,277$15,670$13,846
5 years$14,472$13,781$13,125$12,503$11,912$10,169
6 years$11,939$11,253$10,607$9,998$9,426$7,764
7 years$10,130$9,450$8,814$8,220$7,666$6,086
8 years$8,775$8,101$7,475$6,896$6,359$4,861
9 years$7,721$7,053$6,438$5,874$5,355$3,937
10 years$6,878$6,217$5,613$5,063$4,563$3,223
11 years$6,189$5,535$4,942$4,406$3,924$2,660
12 years$5,615$4,968$4,386$3,865$3,401$2,210
13 years$5,130$4,489$3,918$3,412$2,966$1,846
14 years$4,715$4,081$3,521$3,029$2,600$1,549
15 years$4,355$3,728$3,179$2,701$2,289$1,304
16 years$4,041$3,420$2,882$2,419$2,023$1,101
17 years$3,763$3,150$2,622$2,173$1,794$932
18 years$3,517$2,911$2,394$1,959$1,595$790
19 years$3,297$2,697$2,192$1,770$1,422$671
20 years$3,100$2,507$2,011$1,603$1,270$571
21 years$2,921$2,335$1,850$1,455$1,136$486
22 years$2,759$2,179$1,705$1,323$1,019$415
23 years$2,611$2,038$1,574$1,205$914$354
24 years$2,476$1,910$1,456$1,099$822$302
25 years$2,351$1,792$1,349$1,003$739$258
26 years$2,237$1,684$1,251$917$666$221
27 years$2,131$1,585$1,161$840$601$189
28 years$2,033$1,494$1,080$769$542$162
29 years$1,941$1,409$1,005$705$489$138
30 years$1,856$1,331$936$647$442$118
31 years$1,777$1,258$872$595$400$101
32 years$1,703$1,190$814$547$362$87
33 years$1,633$1,127$760$503$327$74
34 years$1,568$1,068$710$462$296$64
35 years$1,506$1,013$664$426$268$55
36 years$1,448$962$621$392$243$47
37 years$1,394$914$581$361$220$40
38 years$1,342$868$544$333$200$34
39 years$1,293$826$510$307$181$29
40 years$1,247$785$478$283$164$25
41 years$1,203$748$448$261$149$22
42 years$1,161$712$420$241$135$19
43 years$1,121$678$395$223$123$16
44 years$1,084$647$370$205$111$14
45 years$1,048$617$348$190$101$12
46 years$1,013$588$327$175$92$10
47 years$980$561$307$162$83$9
48 years$949$536$288$150$76$7
49 years$919$512$271$138$69$6
50 years$890$489$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 $912,000, adding $6,536 every year, while hoping to spend $39,340 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: 40/30/30 Blend
52$912,000$912,000$912,000$912,000
53$1,011,766$963,430$949,294$1,043,064
54$1,073,109$968,780$939,238$1,071,856
55$1,139,390$973,075$927,526$1,098,879
56$1,211,071$976,219$914,062$1,127,381
57$1,288,662$978,115$898,745$1,157,522
58$1,372,719$978,657$881,467$1,189,483
59$1,463,858$977,733$862,117$1,223,464
60$1,562,753$975,223$840,580$1,259,691
61$1,670,148$971,003$816,733$1,298,413
62$1,786,858$964,937$790,448$1,339,908
63$1,913,783$956,884$761,594$1,384,487
64$2,051,911$946,694$730,030$1,432,494
65$2,202,331$934,207$695,610$1,484,316
66$2,366,239$919,253$658,183$1,540,377
67$2,544,952$901,653$617,589$1,601,155
68$2,739,921$881,218$573,662$1,667,176
69$2,952,741$857,746$526,228$1,739,027
70$3,185,169$831,024$475,106$1,817,359
71$3,439,140$800,828$420,105$1,902,895
72$3,716,781$766,917$361,028$1,996,438
73$4,020,438$729,041$297,667$2,098,876
74$4,352,690$686,932$229,807$2,211,197
75$4,716,381$640,308$157,222$2,334,495
76$5,114,640$588,871$79,676$2,469,983
77$5,550,912$532,305$0$2,619,004
78$6,028,993$470,276$0$2,784,032
79$6,553,063$402,432$0$2,993,013
80$7,127,725$328,401$0$3,222,327
81$7,758,049$247,789$0$3,474,083
82$8,449,621$160,181$0$3,750,613
83$9,208,590$65,138$0$4,054,488
84$10,041,734$0$0$4,388,550
85$10,956,514$0$0$4,768,413
86$11,961,154$0$0$5,209,329
87$13,064,710$0$0$5,693,788
88$14,277,160$0$0$6,226,184
89$15,609,495$0$0$6,811,361
90$17,073,824$0$0$7,454,654
91$18,683,487$0$0$8,161,942
92$20,453,183$0$0$8,939,700
93$22,399,103$0$0$9,795,066
94$24,539,087$0$0$10,735,899
95$26,892,790$0$0$11,770,863
96$29,481,869$0$0$12,909,499
97$32,330,183$0$0$14,162,323
98$35,464,022$0$0$15,540,922
99$38,912,352$0$0$17,058,060
100$42,707,088$0$0$18,727,802