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%17.7%
1 years$70,275$69,649$69,038$68,442$67,860$65,740
2 years$34,789$34,142$33,514$32,905$32,314$30,198
3 years$22,963$22,312$21,686$21,082$20,501$18,454
4 years$17,050$16,402$15,782$15,189$14,622$12,660
5 years$13,504$12,859$12,247$11,666$11,115$9,244
6 years$11,140$10,500$9,897$9,330$8,795$7,015
7 years$9,453$8,818$8,225$7,670$7,153$5,465
8 years$8,188$7,559$6,975$6,435$5,934$4,337
9 years$7,204$6,581$6,008$5,481$4,997$3,489
10 years$6,418$5,801$5,238$4,725$4,258$2,836
11 years$5,775$5,164$4,611$4,112$3,662$2,325
12 years$5,240$4,635$4,092$3,607$3,173$1,917
13 years$4,787$4,189$3,656$3,184$2,767$1,590
14 years$4,399$3,808$3,285$2,826$2,426$1,323
15 years$4,064$3,478$2,966$2,521$2,136$1,106
16 years$3,770$3,191$2,689$2,257$1,888$926
17 years$3,512$2,939$2,447$2,028$1,674$777
18 years$3,282$2,716$2,234$1,828$1,488$654
19 years$3,077$2,517$2,045$1,651$1,326$551
20 years$2,892$2,339$1,877$1,496$1,185$465
21 years$2,726$2,179$1,726$1,357$1,060$393
22 years$2,574$2,034$1,591$1,234$950$332
23 years$2,436$1,902$1,469$1,124$853$281
24 years$2,310$1,782$1,359$1,025$767$238
25 years$2,194$1,672$1,258$936$690$201
26 years$2,087$1,572$1,167$856$622$171
27 years$1,988$1,479$1,084$784$560$145
28 years$1,897$1,394$1,007$718$506$123
29 years$1,812$1,315$938$658$457$104
30 years$1,732$1,242$873$604$413$88
31 years$1,658$1,174$814$555$373$75
32 years$1,589$1,111$760$510$337$64
33 years$1,524$1,052$709$469$305$54
34 years$1,463$997$663$431$276$46
35 years$1,406$946$620$397$250$39
36 years$1,352$898$580$366$227$33
37 years$1,301$852$542$337$206$28
38 years$1,252$810$508$311$186$24
39 years$1,207$770$476$286$169$20
40 years$1,163$733$446$264$153$17
41 years$1,122$698$418$244$139$15
42 years$1,083$664$392$225$126$12
43 years$1,046$633$368$208$115$11
44 years$1,011$603$346$192$104$9
45 years$977$575$325$177$94$8
46 years$945$549$305$164$86$6
47 years$915$524$286$151$78$5
48 years$886$500$269$140$71$5
49 years$858$478$253$129$64$4
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 $3,811 every year, while hoping to spend $27,951 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: 57/38/5 Blend
52$851,000$851,000$851,000$851,000
53$941,733$896,630$883,440$994,298
54$1,008,050$910,825$883,295$1,044,247
55$1,080,195$924,779$882,209$1,095,143
56$1,158,732$938,451$880,120$1,149,893
57$1,244,283$951,795$876,965$1,208,866
58$1,337,532$964,766$872,676$1,272,469
59$1,439,232$977,311$867,182$1,341,151
60$1,550,212$989,377$860,410$1,415,407
61$1,671,383$1,000,906$852,284$1,495,784
62$1,803,750$1,011,836$842,721$1,582,883
63$1,948,417$1,022,101$831,637$1,677,367
64$2,106,602$1,031,630$818,943$1,779,969
65$2,279,645$1,040,349$804,547$1,891,496
66$2,469,020$1,048,178$788,351$2,012,837
67$2,676,352$1,055,031$770,253$2,144,974
68$2,903,430$1,060,818$750,146$2,288,989
69$3,152,224$1,065,442$727,920$2,446,074
70$3,424,904$1,068,801$703,458$2,617,547
71$3,723,858$1,070,786$676,637$2,804,858
72$4,051,718$1,071,281$647,331$3,009,607
73$4,411,382$1,070,163$615,406$3,233,560
74$4,806,044$1,067,301$580,723$3,478,662
75$5,239,219$1,062,558$543,136$3,747,060
76$5,714,781$1,055,785$502,493$4,041,121
77$6,236,997$1,046,827$458,635$4,363,454
78$6,810,567$1,035,518$411,396$4,716,937
79$7,440,670$1,021,683$360,602$5,104,745
80$8,133,009$1,005,136$306,073$5,530,376
81$8,893,868$985,680$247,619$5,997,691
82$9,730,171$963,106$185,042$6,510,944
83$10,649,544$937,194$118,136$7,074,827
84$11,660,390$907,709$46,687$7,694,516
85$12,771,967$874,405$0$8,375,714
86$13,994,475$837,018$0$9,126,289
87$15,339,152$795,272$0$9,954,361
88$16,818,378$748,873$0$10,865,096
89$18,445,797$697,512$0$11,866,941
90$20,236,438$640,860$0$12,969,207
91$22,206,864$578,571$0$14,182,157
92$24,375,322$510,279$0$15,517,109
93$26,761,919$435,597$0$16,986,537
94$29,388,808$354,114$0$18,604,194
95$32,280,401$265,400$0$20,385,243
96$35,463,595$168,998$0$22,346,396
97$38,968,029$64,426$0$24,506,079
98$42,826,360$0$0$26,884,602
99$47,074,574$0$0$29,524,772
100$51,752,323$0$0$32,461,647