Can I retire at age 53 with 851,000?

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 $851,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$70,275$69,649$69,038$68,442$67,860$66,929
2 years$34,789$34,142$33,514$32,905$32,314$31,378
3 years$22,963$22,312$21,686$21,082$20,501$19,589
4 years$17,050$16,402$15,782$15,189$14,622$13,740
5 years$13,504$12,859$12,247$11,666$11,115$10,267
6 years$11,140$10,500$9,897$9,330$8,795$7,981
7 years$9,453$8,818$8,225$7,670$7,153$6,373
8 years$8,188$7,559$6,975$6,435$5,934$5,189
9 years$7,204$6,581$6,008$5,481$4,997$4,287
10 years$6,418$5,801$5,238$4,725$4,258$3,581
11 years$5,775$5,164$4,611$4,112$3,662$3,018
12 years$5,240$4,635$4,092$3,607$3,173$2,562
13 years$4,787$4,189$3,656$3,184$2,767$2,187
14 years$4,399$3,808$3,285$2,826$2,426$1,876
15 years$4,064$3,478$2,966$2,521$2,136$1,616
16 years$3,770$3,191$2,689$2,257$1,888$1,397
17 years$3,512$2,939$2,447$2,028$1,674$1,210
18 years$3,282$2,716$2,234$1,828$1,488$1,052
19 years$3,077$2,517$2,045$1,651$1,326$915
20 years$2,892$2,339$1,877$1,496$1,185$798
21 years$2,726$2,179$1,726$1,357$1,060$697
22 years$2,574$2,034$1,591$1,234$950$610
23 years$2,436$1,902$1,469$1,124$853$534
24 years$2,310$1,782$1,359$1,025$767$468
25 years$2,194$1,672$1,258$936$690$410
26 years$2,087$1,572$1,167$856$622$360
27 years$1,988$1,479$1,084$784$560$317
28 years$1,897$1,394$1,007$718$506$278
29 years$1,812$1,315$938$658$457$245
30 years$1,732$1,242$873$604$413$215
31 years$1,658$1,174$814$555$373$189
32 years$1,589$1,111$760$510$337$167
33 years$1,524$1,052$709$469$305$147
34 years$1,463$997$663$431$276$129
35 years$1,406$946$620$397$250$114
36 years$1,352$898$580$366$227$100
37 years$1,301$852$542$337$206$89
38 years$1,252$810$508$311$186$78
39 years$1,207$770$476$286$169$69
40 years$1,163$733$446$264$153$61
41 years$1,122$698$418$244$139$54
42 years$1,083$664$392$225$126$47
43 years$1,046$633$368$208$115$42
44 years$1,011$603$346$192$104$37
45 years$977$575$325$177$94$32
46 years$945$549$305$164$86$29
47 years$915$524$286$151$78$25
48 years$886$500$269$140$71$22
49 years$858$478$253$129$64$20
50 years$831$456$238$119$58$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $851,000, adding $3,566 every year, while hoping to spend $23,223 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: 55/20/25 Blend
52$851,000$851,000$851,000$851,000
53$941,480$896,377$883,187$986,611
54$1,012,802$915,591$888,064$1,037,239
55$1,090,621$934,967$892,327$1,089,629
56$1,175,574$954,490$895,930$1,146,206
57$1,268,364$974,142$898,825$1,207,378
58$1,369,764$993,902$900,963$1,273,599
59$1,480,626$1,013,750$902,292$1,345,365
60$1,601,888$1,033,661$902,756$1,423,226
61$1,734,580$1,053,610$902,298$1,507,788
62$1,879,840$1,073,569$900,857$1,599,717
63$2,038,919$1,093,510$898,371$1,699,750
64$2,213,195$1,113,398$894,773$1,808,698
65$2,404,185$1,133,199$889,993$1,927,455
66$2,613,562$1,152,876$883,958$2,057,009
67$2,843,167$1,172,388$876,591$2,198,446
68$3,095,026$1,191,691$867,813$2,352,966
69$3,371,373$1,210,738$857,539$2,521,891
70$3,674,668$1,229,480$845,682$2,706,678
71$4,007,621$1,247,861$832,149$2,908,936
72$4,373,216$1,265,824$816,844$3,130,435
73$4,774,742$1,283,307$799,666$3,373,131
74$5,215,820$1,300,244$780,509$3,639,176
75$5,700,441$1,316,563$759,264$3,930,947
76$6,233,000$1,332,189$735,814$4,251,062
77$6,818,341$1,347,041$710,038$4,602,407
78$7,461,798$1,361,032$681,811$4,988,167
79$8,169,249$1,374,071$650,999$5,411,849
80$8,947,170$1,386,058$617,465$5,877,323
81$9,802,696$1,396,889$581,065$6,388,854
82$10,743,688$1,406,453$541,647$6,951,144
83$11,778,805$1,414,631$499,053$7,569,378
84$12,917,591$1,421,296$453,120$8,249,268
85$14,170,560$1,426,314$403,674$8,997,117
86$15,549,296$1,429,542$350,536$9,819,868
87$17,066,564$1,430,829$293,518$10,725,177
88$18,736,426$1,430,013$232,424$11,721,485
89$20,574,381$1,426,922$167,049$12,818,096
90$22,597,502$1,421,376$97,180$14,025,265
91$24,824,605$1,413,180$22,593$15,354,297
92$27,276,419$1,402,131$0$16,817,656
93$29,975,790$1,388,012$0$18,444,283
94$32,947,888$1,370,591$0$20,241,536
95$36,220,448$1,349,626$0$22,220,141
96$39,824,033$1,324,857$0$24,398,567
97$43,792,321$1,296,012$0$26,797,167
98$48,162,421$1,262,800$0$29,438,373
99$52,975,224$1,224,913$0$32,346,904
100$58,275,791$1,182,028$0$35,550,001