Can I retire at age 53 with 914,000?

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 $914,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$75,477$74,805$74,149$73,509$72,884$71,588
2 years$37,365$36,669$35,995$35,341$34,706$33,405
3 years$24,663$23,964$23,291$22,643$22,019$20,753
4 years$18,313$17,616$16,950$16,313$15,704$14,483
5 years$14,504$13,811$13,154$12,530$11,938$10,766
6 years$11,965$11,278$10,630$10,020$9,446$8,324
7 years$10,153$9,471$8,834$8,238$7,682$6,610
8 years$8,794$8,118$7,492$6,911$6,373$5,351
9 years$7,738$7,069$6,453$5,887$5,367$4,394
10 years$6,893$6,231$5,626$5,074$4,573$3,648
11 years$6,203$5,547$4,953$4,416$3,933$3,056
12 years$5,628$4,978$4,395$3,874$3,408$2,577
13 years$5,141$4,499$3,927$3,420$2,972$2,186
14 years$4,725$4,090$3,528$3,036$2,605$1,863
15 years$4,365$3,736$3,186$2,707$2,294$1,593
16 years$4,049$3,428$2,888$2,424$2,027$1,367
17 years$3,772$3,157$2,628$2,178$1,798$1,177
18 years$3,525$2,917$2,399$1,963$1,598$1,015
19 years$3,305$2,703$2,196$1,774$1,425$877
20 years$3,106$2,512$2,016$1,606$1,273$759
21 years$2,927$2,340$1,854$1,458$1,139$658
22 years$2,765$2,184$1,709$1,326$1,021$571
23 years$2,617$2,043$1,578$1,207$916$496
24 years$2,481$1,914$1,459$1,101$824$432
25 years$2,356$1,796$1,351$1,006$741$376
26 years$2,242$1,688$1,253$919$668$327
27 years$2,135$1,589$1,164$842$602$285
28 years$2,037$1,497$1,082$771$543$248
29 years$1,946$1,412$1,007$707$490$217
30 years$1,861$1,334$938$649$443$189
31 years$1,781$1,261$874$596$401$165
32 years$1,707$1,193$816$548$362$144
33 years$1,637$1,130$762$504$328$126
34 years$1,571$1,071$712$463$297$110
35 years$1,510$1,016$665$427$269$96
36 years$1,452$964$622$393$244$84
37 years$1,397$916$583$362$221$73
38 years$1,345$870$546$334$200$64
39 years$1,296$827$511$308$182$56
40 years$1,250$787$479$284$165$49
41 years$1,206$749$449$262$149$43
42 years$1,164$714$421$242$136$37
43 years$1,124$680$395$223$123$33
44 years$1,086$648$371$206$112$29
45 years$1,050$618$349$190$101$25
46 years$1,015$590$327$176$92$22
47 years$983$563$308$162$84$19
48 years$951$537$289$150$76$17
49 years$921$513$272$139$69$15
50 years$892$490$255$128$63$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $914,000, adding $6,874 every year, while hoping to spend $40,725 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: 76/19/5 Blend
52$914,000$914,000$914,000$914,000
53$1,014,319$965,877$951,710$1,090,573
54$1,074,448$969,873$940,261$1,145,600
55$1,139,346$972,701$927,063$1,199,956
56$1,209,455$974,260$912,016$1,258,331
57$1,285,263$974,442$895,012$1,321,108
58$1,367,306$973,136$875,941$1,388,707
59$1,456,171$970,220$854,686$1,461,591
60$1,552,508$965,567$831,124$1,540,271
61$1,657,026$959,043$805,130$1,625,309
62$1,770,509$950,502$776,568$1,717,326
63$1,893,819$939,794$745,301$1,817,005
64$2,027,901$926,757$711,181$1,925,100
65$2,173,799$911,220$674,058$2,042,442
66$2,332,658$893,002$633,770$2,169,946
67$2,505,741$871,911$590,153$2,308,624
68$2,694,435$847,743$543,032$2,459,589
69$2,900,270$820,284$492,226$2,624,067
70$3,124,925$789,306$437,543$2,803,413
71$3,370,254$754,569$378,787$2,999,120
72$3,638,294$715,817$315,751$3,212,832
73$3,931,289$672,780$248,217$3,446,364
74$4,251,708$625,174$175,960$3,701,718
75$4,602,272$572,698$98,745$3,981,098
76$4,985,976$515,032$16,325$4,286,936
77$5,406,117$451,840$0$4,621,916
78$5,866,327$382,766$0$4,992,815
79$6,370,605$307,435$0$5,400,249
80$6,923,356$225,448$0$5,846,958
81$7,529,430$136,387$0$6,336,919
82$8,194,171$39,809$0$6,874,519
83$8,923,462$0$0$7,464,595
84$9,723,786$0$0$8,126,014
85$10,602,282$0$0$8,861,209
86$11,566,814$0$0$9,668,444
87$12,626,047$0$0$10,554,975
88$13,789,523$0$0$11,528,792
89$15,067,755$0$0$12,598,701
90$16,472,326$0$0$13,774,400
91$18,015,995$0$0$15,066,576
92$19,712,817$0$0$16,487,000
93$21,578,280$0$0$18,048,642
94$23,629,445$0$0$19,765,790
95$25,885,109$0$0$21,654,187
96$28,365,983$0$0$23,731,178
97$31,094,885$0$0$26,015,872
98$34,096,956$0$0$28,529,325
99$37,399,895$0$0$31,294,734
100$41,034,223$0$0$34,337,661