Can I retire at age 53 with 853,000?

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 $853,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$70,440$69,813$69,200$68,603$68,019$66,429
2 years$34,871$34,222$33,592$32,982$32,390$30,797
3 years$23,017$22,364$21,737$21,132$20,550$19,003
4 years$17,090$16,440$15,819$15,224$14,656$13,169
5 years$13,536$12,889$12,276$11,694$11,141$9,717
6 years$11,167$10,525$9,921$9,352$8,816$7,456
7 years$9,475$8,839$8,244$7,688$7,170$5,874
8 years$8,207$7,577$6,992$6,450$5,948$4,717
9 years$7,221$6,597$6,022$5,494$5,009$3,841
10 years$6,433$5,815$5,250$4,736$4,268$3,162
11 years$5,789$5,177$4,622$4,121$3,671$2,625
12 years$5,252$4,646$4,102$3,615$3,181$2,194
13 years$4,798$4,199$3,665$3,192$2,774$1,843
14 years$4,410$3,817$3,293$2,833$2,431$1,556
15 years$4,073$3,487$2,973$2,527$2,141$1,318
16 years$3,779$3,199$2,696$2,262$1,892$1,120
17 years$3,520$2,946$2,453$2,033$1,678$954
18 years$3,290$2,722$2,239$1,832$1,492$815
19 years$3,084$2,523$2,050$1,655$1,330$697
20 years$2,899$2,344$1,881$1,499$1,188$597
21 years$2,732$2,184$1,730$1,361$1,063$512
22 years$2,580$2,038$1,595$1,237$953$439
23 years$2,442$1,907$1,472$1,127$855$378
24 years$2,315$1,786$1,362$1,028$769$325
25 years$2,199$1,676$1,261$938$692$280
26 years$2,092$1,575$1,170$858$623$241
27 years$1,993$1,483$1,086$785$562$207
28 years$1,901$1,397$1,010$720$507$179
29 years$1,816$1,318$940$660$458$154
30 years$1,736$1,245$875$606$414$133
31 years$1,662$1,177$816$556$374$115
32 years$1,593$1,113$761$511$338$99
33 years$1,528$1,054$711$470$306$85
34 years$1,466$999$664$432$277$74
35 years$1,409$948$621$398$251$64
36 years$1,355$900$581$367$227$55
37 years$1,304$854$544$338$206$48
38 years$1,255$812$509$311$187$41
39 years$1,210$772$477$287$169$35
40 years$1,166$735$447$265$154$31
41 years$1,125$699$419$244$139$26
42 years$1,086$666$393$225$127$23
43 years$1,049$635$369$208$115$20
44 years$1,013$605$346$192$104$17
45 years$980$577$325$177$95$15
46 years$948$550$306$164$86$13
47 years$917$525$287$151$78$11
48 years$888$501$270$140$71$10
49 years$860$479$254$129$64$8
50 years$833$457$238$120$58$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $853,000, adding $2,640 every year, while hoping to spend $24,899 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: 62/20/18 Blend
52$853,000$853,000$853,000$853,000
53$942,729$897,520$884,299$996,701
54$1,012,395$915,006$887,430$1,050,861
55$1,088,333$932,515$889,832$1,106,930
56$1,171,155$950,020$891,454$1,167,560
57$1,261,537$967,496$892,242$1,233,196
58$1,360,223$984,912$892,141$1,304,329
59$1,468,029$1,002,236$891,092$1,381,501
60$1,585,857$1,019,435$889,032$1,465,309
61$1,714,699$1,036,472$885,899$1,556,409
62$1,855,646$1,053,306$881,624$1,655,528
63$2,009,899$1,069,896$876,136$1,763,465
64$2,178,784$1,086,195$869,361$1,881,100
65$2,363,756$1,102,155$861,222$2,009,404
66$2,566,422$1,117,724$851,635$2,149,450
67$2,788,549$1,132,844$840,517$2,302,416
68$3,032,084$1,147,457$827,778$2,469,603
69$3,299,172$1,161,497$813,323$2,652,446
70$3,592,174$1,174,897$797,056$2,852,527
71$3,913,691$1,187,582$778,873$3,071,587
72$4,266,589$1,199,475$758,666$3,311,549
73$4,654,024$1,210,493$736,325$3,574,531
74$5,079,473$1,220,546$711,730$3,862,868
75$5,546,766$1,229,539$684,760$4,179,134
76$6,060,123$1,237,373$655,286$4,526,167
77$6,624,191$1,243,940$623,174$4,907,095
78$7,244,091$1,249,125$588,283$5,325,367
79$7,925,464$1,252,808$550,466$5,784,785
80$8,674,525$1,254,860$509,570$6,289,539
81$9,498,121$1,255,142$465,435$6,844,250
82$10,403,796$1,253,511$417,894$7,454,009
83$11,399,861$1,249,811$366,772$8,124,431
84$12,495,474$1,243,878$311,885$8,861,704
85$13,700,723$1,235,539$253,044$9,672,650
86$15,026,724$1,224,608$190,049$10,564,788
87$16,485,727$1,210,891$122,692$11,546,407
88$18,091,225$1,194,179$50,757$12,626,643
89$19,858,089$1,174,252$0$13,815,568
90$21,802,702$1,150,879$0$15,129,278
91$23,943,117$1,123,811$0$16,585,744
92$26,299,226$1,092,788$0$18,188,742
93$28,892,945$1,057,533$0$19,953,188
94$31,748,427$1,017,754$0$21,895,522
95$34,892,282$973,140$0$24,033,862
96$38,353,835$923,363$0$26,388,171
97$42,165,395$868,077$0$28,980,455
98$46,362,569$806,916$0$31,834,961
99$50,984,587$739,491$0$34,978,414
100$56,074,682$665,394$0$38,440,264