Can I retire at age 53 with 915,000?

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 $915,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$75,560$74,887$74,230$73,589$72,963$70,179
2 years$37,406$36,709$36,034$35,379$34,744$31,972
3 years$24,690$23,990$23,316$22,668$22,043$19,370
4 years$18,333$17,635$16,968$16,331$15,721$13,168
5 years$14,519$13,826$13,168$12,544$11,951$9,524
6 years$11,978$11,290$10,642$10,031$9,457$7,157
7 years$10,164$9,481$8,843$8,247$7,691$5,518
8 years$8,803$8,127$7,500$6,918$6,380$4,333
9 years$7,746$7,076$6,460$5,893$5,373$3,448
10 years$6,901$6,237$5,632$5,080$4,578$2,771
11 years$6,209$5,553$4,958$4,421$3,937$2,245
12 years$5,634$4,984$4,400$3,878$3,412$1,829
13 years$5,147$4,504$3,931$3,424$2,975$1,498
14 years$4,730$4,094$3,532$3,039$2,608$1,232
15 years$4,369$3,740$3,189$2,710$2,296$1,016
16 years$4,054$3,431$2,891$2,427$2,030$840
17 years$3,776$3,160$2,631$2,180$1,800$696
18 years$3,529$2,920$2,402$1,965$1,600$578
19 years$3,308$2,706$2,199$1,776$1,426$480
20 years$3,110$2,515$2,018$1,608$1,274$399
21 years$2,931$2,342$1,856$1,459$1,140$333
22 years$2,768$2,187$1,711$1,327$1,022$277
23 years$2,620$2,045$1,580$1,208$917$231
24 years$2,484$1,916$1,461$1,102$824$193
25 years$2,359$1,798$1,353$1,007$742$161
26 years$2,244$1,690$1,255$920$668$135
27 years$2,138$1,590$1,165$842$603$112
28 years$2,039$1,499$1,083$772$544$94
29 years$1,948$1,414$1,008$708$491$79
30 years$1,863$1,335$939$650$444$66
31 years$1,783$1,262$875$597$401$55
32 years$1,708$1,194$817$548$363$46
33 years$1,639$1,131$763$504$328$38
34 years$1,573$1,072$712$464$297$32
35 years$1,511$1,017$666$427$269$27
36 years$1,453$965$623$393$244$22
37 years$1,398$917$583$362$221$19
38 years$1,347$871$546$334$200$16
39 years$1,297$828$512$308$182$13
40 years$1,251$788$480$284$165$11
41 years$1,207$750$450$262$150$9
42 years$1,165$714$422$242$136$8
43 years$1,125$681$396$223$123$6
44 years$1,087$649$372$206$112$5
45 years$1,051$619$349$190$101$5
46 years$1,017$590$328$176$92$4
47 years$984$563$308$162$84$3
48 years$952$538$289$150$76$3
49 years$922$514$272$139$69$2
50 years$893$491$256$128$63$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $915,000, adding $6,607 every year, while hoping to spend $40,731 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: 69/15/16 Blend
52$915,000$915,000$915,000$915,000
53$1,015,145$966,650$952,468$1,080,932
54$1,075,352$970,679$941,038$1,129,624
55$1,140,336$973,539$927,860$1,177,420
56$1,210,539$975,132$912,833$1,228,684
57$1,286,451$975,350$895,849$1,283,753
58$1,368,608$974,081$876,799$1,342,997
59$1,457,599$971,204$855,565$1,406,829
60$1,554,073$966,592$832,025$1,475,700
61$1,658,743$960,109$806,052$1,550,111
62$1,772,393$951,613$777,514$1,630,613
63$1,895,886$940,951$746,269$1,717,816
64$2,030,171$927,962$712,174$1,812,392
65$2,176,291$912,475$675,074$1,915,082
66$2,335,396$894,309$634,812$2,026,705
67$2,508,748$873,272$591,220$2,148,164
68$2,697,739$849,162$544,125$2,280,458
69$2,903,900$821,762$493,345$2,424,685
70$3,128,916$790,846$438,690$2,582,061
71$3,374,641$756,173$379,961$2,753,924
72$3,643,117$717,489$316,953$2,941,754
73$3,936,592$674,523$249,448$3,147,182
74$4,257,540$626,990$177,220$3,372,006
75$4,608,687$574,590$100,035$3,618,214
76$4,993,033$517,005$17,646$3,887,995
77$5,413,880$453,897$0$4,183,767
78$5,874,869$384,910$0$4,520,193
79$6,380,004$309,670$0$4,892,213
80$6,933,700$227,778$0$5,300,102
81$7,540,814$138,817$0$5,747,490
82$8,206,701$42,342$0$6,238,377
83$8,937,254$0$0$6,777,172
84$9,738,969$0$0$7,378,986
85$10,618,997$0$0$8,047,313
86$11,585,217$0$0$8,781,152
87$12,646,309$0$0$9,587,102
88$13,811,833$0$0$10,472,433
89$15,092,323$0$0$11,445,153
90$16,499,380$0$0$12,514,082
91$18,045,787$0$0$13,688,941
92$19,745,628$0$0$14,980,435
93$21,614,416$0$0$16,400,361
94$23,669,245$0$0$17,961,715
95$25,928,946$0$0$19,678,816
96$28,414,268$0$0$21,567,438
97$31,148,071$0$0$23,644,964
98$34,155,541$0$0$25,930,543
99$37,464,430$0$0$28,445,276
100$41,105,314$0$0$31,212,410