Can I retire at age 53 with 850,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%11.6%
1 years$70,192$69,567$68,957$68,362$67,780$67,325
2 years$34,749$34,101$33,474$32,866$32,276$31,817
3 years$22,936$22,286$21,660$21,058$20,477$20,028
4 years$17,030$16,382$15,763$15,171$14,605$14,170
5 years$13,488$12,844$12,233$11,653$11,102$10,682
6 years$11,127$10,488$9,886$9,319$8,785$8,380
7 years$9,442$8,808$8,215$7,661$7,144$6,756
8 years$8,178$7,550$6,967$6,427$5,927$5,554
9 years$7,196$6,574$6,001$5,474$4,991$4,634
10 years$6,410$5,794$5,232$4,719$4,253$3,911
11 years$5,768$5,158$4,606$4,107$3,658$3,331
12 years$5,234$4,630$4,088$3,602$3,170$2,858
13 years$4,781$4,184$3,652$3,180$2,764$2,467
14 years$4,394$3,803$3,281$2,823$2,423$2,141
15 years$4,059$3,474$2,963$2,518$2,133$1,865
16 years$3,766$3,188$2,686$2,254$1,885$1,631
17 years$3,507$2,936$2,444$2,026$1,672$1,430
18 years$3,278$2,713$2,231$1,825$1,486$1,258
19 years$3,073$2,514$2,043$1,649$1,325$1,108
20 years$2,889$2,336$1,875$1,494$1,183$979
21 years$2,722$2,176$1,724$1,356$1,059$866
22 years$2,571$2,031$1,589$1,233$949$767
23 years$2,433$1,900$1,467$1,123$852$680
24 years$2,307$1,780$1,357$1,024$766$604
25 years$2,191$1,670$1,257$935$689$537
26 years$2,085$1,570$1,166$855$621$478
27 years$1,986$1,478$1,082$783$560$425
28 years$1,894$1,392$1,006$717$505$379
29 years$1,809$1,313$936$658$456$338
30 years$1,730$1,240$872$603$412$301
31 years$1,656$1,173$813$554$373$269
32 years$1,587$1,109$759$509$337$240
33 years$1,522$1,051$708$468$305$215
34 years$1,461$996$662$431$276$192
35 years$1,404$945$619$397$250$171
36 years$1,350$897$579$365$227$153
37 years$1,299$851$542$337$205$137
38 years$1,251$809$507$310$186$123
39 years$1,205$769$475$286$169$110
40 years$1,162$732$446$264$153$98
41 years$1,121$697$418$243$139$88
42 years$1,082$664$392$225$126$79
43 years$1,045$632$368$207$114$70
44 years$1,010$603$345$192$104$63
45 years$976$575$324$177$94$56
46 years$944$548$304$163$86$50
47 years$914$523$286$151$78$45
48 years$885$500$269$139$71$40
49 years$857$477$253$129$64$36
50 years$830$456$238$119$58$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $850,000, adding $3,713 every year, while hoping to spend $25,918 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: 60/27/13 Blend
52$850,000$850,000$850,000$850,000
53$940,530$895,480$882,305$993,746
54$1,008,887$911,782$884,286$1,046,301
55$1,083,349$928,014$885,464$1,100,359
56$1,164,509$944,145$885,786$1,158,705
57$1,253,024$960,143$885,194$1,221,755
58$1,349,613$975,971$883,629$1,289,968
59$1,455,071$991,592$881,029$1,363,849
60$1,570,272$1,006,963$877,326$1,443,956
61$1,696,177$1,022,041$872,454$1,530,903
62$1,833,845$1,036,779$866,339$1,625,366
63$1,984,441$1,051,126$858,906$1,728,093
64$2,149,251$1,065,027$850,075$1,839,907
65$2,329,686$1,078,425$839,764$1,961,713
66$2,527,303$1,091,258$827,886$2,094,513
67$2,743,818$1,103,459$814,350$2,239,409
68$2,981,117$1,114,958$799,060$2,397,616
69$3,241,279$1,125,679$781,917$2,570,474
70$3,526,595$1,135,543$762,817$2,759,461
71$3,839,586$1,144,463$741,650$2,966,206
72$4,183,031$1,152,348$718,302$3,192,504
73$4,559,988$1,159,102$692,653$3,440,335
74$4,973,830$1,164,621$664,580$3,711,881
75$5,428,268$1,168,795$633,951$4,009,550
76$5,927,393$1,171,507$600,630$4,335,994
77$6,475,710$1,172,634$564,474$4,694,138
78$7,078,182$1,172,043$525,334$5,087,207
79$7,740,279$1,169,594$483,054$5,518,755
80$8,468,022$1,165,140$437,471$5,992,702
81$9,268,050$1,158,521$388,417$6,513,368
82$10,147,674$1,149,572$335,711$7,085,518
83$11,114,950$1,138,114$279,171$7,714,401
84$12,178,752$1,123,959$218,600$8,405,809
85$13,348,860$1,106,908$153,798$9,166,122
86$14,636,047$1,086,749$84,554$10,002,376
87$16,052,183$1,063,259$10,646$10,922,327
88$17,610,348$1,036,201$0$11,934,525
89$19,324,952$1,005,324$0$13,057,859
90$21,211,874$970,361$0$14,295,446
91$23,288,609$931,033$0$15,657,297
92$25,574,434$887,040$0$17,156,072
93$28,090,590$838,070$0$18,805,728
94$30,860,483$783,788$0$20,621,645
95$33,909,901$723,842$0$22,620,775
96$37,267,262$657,862$0$24,821,803
97$40,963,879$585,452$0$27,245,319
98$45,034,253$506,198$0$29,914,021
99$49,516,406$419,661$0$32,852,921
100$54,452,231$325,376$0$36,089,589