Can I retire at age 53 with 851,000?

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 $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%18.2%
1 years$70,275$69,649$69,038$68,442$67,860$65,609
2 years$34,789$34,142$33,514$32,905$32,314$30,068
3 years$22,963$22,312$21,686$21,082$20,501$18,331
4 years$17,050$16,402$15,782$15,189$14,622$12,543
5 years$13,504$12,859$12,247$11,666$11,115$9,135
6 years$11,140$10,500$9,897$9,330$8,795$6,914
7 years$9,453$8,818$8,225$7,670$7,153$5,370
8 years$8,188$7,559$6,975$6,435$5,934$4,249
9 years$7,204$6,581$6,008$5,481$4,997$3,408
10 years$6,418$5,801$5,238$4,725$4,258$2,762
11 years$5,775$5,164$4,611$4,112$3,662$2,256
12 years$5,240$4,635$4,092$3,607$3,173$1,855
13 years$4,787$4,189$3,656$3,184$2,767$1,533
14 years$4,399$3,808$3,285$2,826$2,426$1,272
15 years$4,064$3,478$2,966$2,521$2,136$1,058
16 years$3,770$3,191$2,689$2,257$1,888$883
17 years$3,512$2,939$2,447$2,028$1,674$739
18 years$3,282$2,716$2,234$1,828$1,488$619
19 years$3,077$2,517$2,045$1,651$1,326$520
20 years$2,892$2,339$1,877$1,496$1,185$437
21 years$2,726$2,179$1,726$1,357$1,060$367
22 years$2,574$2,034$1,591$1,234$950$309
23 years$2,436$1,902$1,469$1,124$853$261
24 years$2,310$1,782$1,359$1,025$767$220
25 years$2,194$1,672$1,258$936$690$185
26 years$2,087$1,572$1,167$856$622$157
27 years$1,988$1,479$1,084$784$560$132
28 years$1,897$1,394$1,007$718$506$112
29 years$1,812$1,315$938$658$457$94
30 years$1,732$1,242$873$604$413$80
31 years$1,658$1,174$814$555$373$67
32 years$1,589$1,111$760$510$337$57
33 years$1,524$1,052$709$469$305$48
34 years$1,463$997$663$431$276$41
35 years$1,406$946$620$397$250$34
36 years$1,352$898$580$366$227$29
37 years$1,301$852$542$337$206$25
38 years$1,252$810$508$311$186$21
39 years$1,207$770$476$286$169$18
40 years$1,163$733$446$264$153$15
41 years$1,122$698$418$244$139$13
42 years$1,083$664$392$225$126$11
43 years$1,046$633$368$208$115$9
44 years$1,011$603$346$192$104$8
45 years$977$575$325$177$94$6
46 years$945$549$305$164$86$5
47 years$915$524$286$151$78$5
48 years$886$500$269$140$71$4
49 years$858$478$253$129$64$3
50 years$831$456$238$119$58$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $851,000, adding $3,750 every year, while hoping to spend $45,995 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: 78/8/14 Blend
52$851,000$851,000$851,000$851,000
53$941,670$896,567$883,377$1,012,137
54$988,782$891,561$864,031$1,054,069
55$1,039,158$884,767$842,497$1,093,820
56$1,093,082$876,051$818,650$1,136,129
57$1,150,866$865,267$792,365$1,181,235
58$1,212,853$852,263$763,507$1,229,398
59$1,279,416$836,877$731,937$1,280,909
60$1,350,969$818,936$697,510$1,336,085
61$1,427,964$798,260$660,072$1,395,278
62$1,510,897$774,655$619,465$1,458,876
63$1,600,313$747,918$575,522$1,527,307
64$1,696,812$717,833$528,069$1,601,042
65$1,801,052$684,172$476,924$1,680,603
66$1,913,755$646,692$421,897$1,766,563
67$2,035,718$605,140$362,791$1,859,555
68$2,167,814$559,245$299,397$1,960,279
69$2,311,005$508,721$231,500$2,069,505
70$2,466,345$453,267$158,873$2,188,085
71$2,634,999$392,563$81,282$2,316,955
72$2,818,243$326,273$0$2,457,151
73$3,017,485$254,041$0$2,610,042
74$3,234,270$175,491$0$2,789,633
75$3,470,300$90,225$0$2,985,198
76$3,727,450$0$0$3,198,312
77$4,007,778$0$0$3,430,900
78$4,313,554$0$0$3,693,291
79$4,647,274$0$0$3,979,687
80$5,011,686$0$0$4,292,451
81$5,409,816$0$0$4,634,183
82$5,844,993$0$0$5,007,743
83$6,320,885$0$0$5,416,285
84$6,841,528$0$0$5,863,277
85$7,411,368$0$0$6,352,540
86$8,035,300$0$0$6,888,281
87$8,718,714$0$0$7,475,132
88$9,467,547$0$0$8,118,196
89$10,288,335$0$0$8,823,092
90$11,188,280$0$0$9,596,007
91$12,175,311$0$0$10,443,758
92$13,258,162$0$0$11,373,852
93$14,446,455$0$0$12,394,557
94$15,750,786$0$0$13,514,982
95$17,182,829$0$0$14,745,161
96$18,755,443$0$0$16,096,144
97$20,482,792$0$0$17,580,108
98$22,380,481$0$0$19,210,464
99$24,465,700$0$0$21,001,988
100$26,757,388$0$0$22,970,957