Can I retire at age 53 with 850,000?

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 $850,000?

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$70,192$69,567$68,957$68,362$67,780$65,954
2 years$34,749$34,101$33,474$32,866$32,276$30,450
3 years$22,936$22,286$21,660$21,058$20,477$18,708
4 years$17,030$16,382$15,763$15,171$14,605$12,905
5 years$13,488$12,844$12,233$11,653$11,102$9,477
6 years$11,127$10,488$9,886$9,319$8,785$7,236
7 years$9,442$8,808$8,215$7,661$7,144$5,672
8 years$8,178$7,550$6,967$6,427$5,927$4,531
9 years$7,196$6,574$6,001$5,474$4,991$3,669
10 years$6,410$5,794$5,232$4,719$4,253$3,004
11 years$5,768$5,158$4,606$4,107$3,658$2,479
12 years$5,234$4,630$4,088$3,602$3,170$2,060
13 years$4,781$4,184$3,652$3,180$2,764$1,721
14 years$4,394$3,803$3,281$2,823$2,423$1,443
15 years$4,059$3,474$2,963$2,518$2,133$1,215
16 years$3,766$3,188$2,686$2,254$1,885$1,026
17 years$3,507$2,936$2,444$2,026$1,672$868
18 years$3,278$2,713$2,231$1,825$1,486$736
19 years$3,073$2,514$2,043$1,649$1,325$625
20 years$2,889$2,336$1,875$1,494$1,183$532
21 years$2,722$2,176$1,724$1,356$1,059$453
22 years$2,571$2,031$1,589$1,233$949$386
23 years$2,433$1,900$1,467$1,123$852$330
24 years$2,307$1,780$1,357$1,024$766$282
25 years$2,191$1,670$1,257$935$689$241
26 years$2,085$1,570$1,166$855$621$206
27 years$1,986$1,478$1,082$783$560$176
28 years$1,894$1,392$1,006$717$505$151
29 years$1,809$1,313$936$658$456$129
30 years$1,730$1,240$872$603$412$110
31 years$1,656$1,173$813$554$373$94
32 years$1,587$1,109$759$509$337$81
33 years$1,522$1,051$708$468$305$69
34 years$1,461$996$662$431$276$59
35 years$1,404$945$619$397$250$51
36 years$1,350$897$579$365$227$44
37 years$1,299$851$542$337$205$37
38 years$1,251$809$507$310$186$32
39 years$1,205$769$475$286$169$27
40 years$1,162$732$446$264$153$24
41 years$1,121$697$418$243$139$20
42 years$1,082$664$392$225$126$17
43 years$1,045$632$368$207$114$15
44 years$1,010$603$345$192$104$13
45 years$976$575$324$177$94$11
46 years$944$548$304$163$86$9
47 years$914$523$286$151$78$8
48 years$885$500$269$139$71$7
49 years$857$477$253$129$64$6
50 years$830$456$238$119$58$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $850,000, adding $2,512 every year, while hoping to spend $53,573 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: 35/46/19 Blend
52$850,000$850,000$850,000$850,000
53$939,291$894,241$881,066$966,635
54$978,098$881,058$853,581$973,694
55$1,019,067$865,433$823,379$976,141
56$1,062,363$847,190$790,313$977,664
57$1,108,164$826,143$754,229$978,212
58$1,156,667$802,094$714,966$977,732
59$1,208,084$774,834$672,355$976,174
60$1,262,650$744,142$626,219$973,485
61$1,320,618$709,782$576,375$969,616
62$1,382,268$671,509$522,631$964,516
63$1,447,905$629,058$464,785$958,138
64$1,517,863$582,154$402,627$950,436
65$1,592,509$530,504$335,939$941,366
66$1,672,243$473,796$264,491$930,890
67$1,757,505$411,705$188,045$918,971
68$1,848,776$343,885$106,350$905,580
69$1,946,586$269,969$19,147$890,693
70$2,051,512$189,573$0$874,294
71$2,164,192$102,288$0$871,362
72$2,285,324$7,683$0$872,031
73$2,415,672$0$0$872,492
74$2,556,080$0$0$920,770
75$2,707,470$0$0$977,110
76$2,870,859$0$0$1,038,013
77$3,047,360$0$0$1,103,908
78$3,238,201$0$0$1,175,264
79$3,444,727$0$0$1,252,600
80$3,668,421$0$0$1,336,483
81$3,910,910$0$0$1,427,541
82$4,173,984$0$0$1,526,460
83$4,459,613$0$0$1,633,999
84$4,769,962$0$0$1,750,989
85$5,107,414$0$0$1,878,348
86$5,474,591$0$0$2,017,083
87$5,874,375$0$0$2,168,304
88$6,309,940$0$0$2,333,232
89$6,784,780$0$0$2,513,211
90$7,302,736$0$0$2,709,721
91$7,868,040$0$0$2,924,390
92$8,485,348$0$0$3,159,011
93$9,159,787$0$0$3,415,558
94$9,897,001$0$0$3,696,204
95$10,703,201$0$0$4,003,342
96$11,585,231$0$0$4,339,607
97$12,550,622$0$0$4,707,900
98$13,607,670$0$0$5,111,418
99$14,765,508$0$0$5,553,679
100$16,034,196$0$0$6,038,558