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%11.7%
1 years$70,440$69,813$69,200$68,603$68,019$67,534
2 years$34,871$34,222$33,592$32,982$32,390$31,901
3 years$23,017$22,364$21,737$21,132$20,550$20,071
4 years$17,090$16,440$15,819$15,224$14,656$14,193
5 years$13,536$12,889$12,276$11,694$11,141$10,694
6 years$11,167$10,525$9,921$9,352$8,816$8,385
7 years$9,475$8,839$8,244$7,688$7,170$6,756
8 years$8,207$7,577$6,992$6,450$5,948$5,551
9 years$7,221$6,597$6,022$5,494$5,009$4,629
10 years$6,433$5,815$5,250$4,736$4,268$3,905
11 years$5,789$5,177$4,622$4,121$3,671$3,324
12 years$5,252$4,646$4,102$3,615$3,181$2,850
13 years$4,798$4,199$3,665$3,192$2,774$2,458
14 years$4,410$3,817$3,293$2,833$2,431$2,132
15 years$4,073$3,487$2,973$2,527$2,141$1,856
16 years$3,779$3,199$2,696$2,262$1,892$1,622
17 years$3,520$2,946$2,453$2,033$1,678$1,421
18 years$3,290$2,722$2,239$1,832$1,492$1,249
19 years$3,084$2,523$2,050$1,655$1,330$1,100
20 years$2,899$2,344$1,881$1,499$1,188$970
21 years$2,732$2,184$1,730$1,361$1,063$858
22 years$2,580$2,038$1,595$1,237$953$759
23 years$2,442$1,907$1,472$1,127$855$673
24 years$2,315$1,786$1,362$1,028$769$597
25 years$2,199$1,676$1,261$938$692$530
26 years$2,092$1,575$1,170$858$623$472
27 years$1,993$1,483$1,086$785$562$420
28 years$1,901$1,397$1,010$720$507$373
29 years$1,816$1,318$940$660$458$333
30 years$1,736$1,245$875$606$414$297
31 years$1,662$1,177$816$556$374$264
32 years$1,593$1,113$761$511$338$236
33 years$1,528$1,054$711$470$306$211
34 years$1,466$999$664$432$277$188
35 years$1,409$948$621$398$251$168
36 years$1,355$900$581$367$227$150
37 years$1,304$854$544$338$206$134
38 years$1,255$812$509$311$187$120
39 years$1,210$772$477$287$169$107
40 years$1,166$735$447$265$154$96
41 years$1,125$699$419$244$139$86
42 years$1,086$666$393$225$127$76
43 years$1,049$635$369$208$115$68
44 years$1,013$605$346$192$104$61
45 years$980$577$325$177$95$55
46 years$948$550$306$164$86$49
47 years$917$525$287$151$78$44
48 years$888$501$270$140$71$39
49 years$860$479$254$129$64$35
50 years$833$457$238$120$58$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $853,000, adding $3,547 every year, while hoping to spend $55,675 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: 59/36/5 Blend
52$853,000$853,000$853,000$853,000
53$943,665$898,456$885,234$998,298
54$980,681$883,242$855,652$1,020,092
55$1,019,606$865,417$823,212$1,037,141
56$1,060,578$844,794$787,761$1,054,313
57$1,103,743$821,175$749,138$1,071,620
58$1,149,263$794,351$707,172$1,089,081
59$1,197,313$764,100$661,688$1,106,716
60$1,248,086$730,188$612,501$1,124,552
61$1,301,790$692,366$559,419$1,142,621
62$1,358,653$650,372$502,240$1,160,964
63$1,418,925$603,930$440,754$1,179,626
64$1,482,877$552,745$374,742$1,198,662
65$1,550,809$496,507$303,974$1,218,137
66$1,623,044$434,889$228,210$1,238,128
67$1,699,941$367,545$147,201$1,258,721
68$1,781,888$294,108$60,685$1,280,020
69$1,869,313$214,192$0$1,302,143
70$1,962,685$127,389$0$1,326,912
71$2,062,515$33,267$0$1,356,361
72$2,169,367$0$0$1,387,442
73$2,283,856$0$0$1,447,562
74$2,406,660$0$0$1,526,230
75$2,538,520$0$0$1,610,749
76$2,680,250$0$0$1,701,647
77$2,832,746$0$0$1,799,505
78$2,996,988$0$0$1,904,960
79$3,174,054$0$0$2,018,711
80$3,365,130$0$0$2,141,527
81$3,571,516$0$0$2,274,253
82$3,794,642$0$0$2,417,817
83$4,036,080$0$0$2,573,240
84$4,297,559$0$0$2,741,643
85$4,580,976$0$0$2,924,260
86$4,888,422$0$0$3,122,448
87$5,222,193$0$0$3,337,699
88$5,584,816$0$0$3,571,652
89$5,979,071$0$0$3,826,115
90$6,408,014$0$0$4,103,073
91$6,875,011$0$0$4,404,711
92$7,383,762$0$0$4,733,434
93$7,938,343$0$0$5,091,890
94$8,543,236$0$0$5,482,992
95$9,203,376$0$0$5,909,945
96$9,924,196$0$0$6,376,279
97$10,711,675$0$0$6,885,881
98$11,572,395$0$0$7,443,027
99$12,513,606$0$0$8,052,428
100$13,543,285$0$0$8,719,270