Can I retire at age 53 with 853,000?

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 $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%16.2%
1 years$70,440$69,813$69,200$68,603$68,019$66,294
2 years$34,871$34,222$33,592$32,982$32,390$30,663
3 years$23,017$22,364$21,737$21,132$20,550$18,875
4 years$17,090$16,440$15,819$15,224$14,656$13,047
5 years$13,536$12,889$12,276$11,694$11,141$9,602
6 years$11,167$10,525$9,921$9,352$8,816$7,347
7 years$9,475$8,839$8,244$7,688$7,170$5,772
8 years$8,207$7,577$6,992$6,450$5,948$4,621
9 years$7,221$6,597$6,022$5,494$5,009$3,752
10 years$6,433$5,815$5,250$4,736$4,268$3,079
11 years$5,789$5,177$4,622$4,121$3,671$2,548
12 years$5,252$4,646$4,102$3,615$3,181$2,122
13 years$4,798$4,199$3,665$3,192$2,774$1,778
14 years$4,410$3,817$3,293$2,833$2,431$1,495
15 years$4,073$3,487$2,973$2,527$2,141$1,262
16 years$3,779$3,199$2,696$2,262$1,892$1,069
17 years$3,520$2,946$2,453$2,033$1,678$907
18 years$3,290$2,722$2,239$1,832$1,492$772
19 years$3,084$2,523$2,050$1,655$1,330$657
20 years$2,899$2,344$1,881$1,499$1,188$561
21 years$2,732$2,184$1,730$1,361$1,063$479
22 years$2,580$2,038$1,595$1,237$953$410
23 years$2,442$1,907$1,472$1,127$855$351
24 years$2,315$1,786$1,362$1,028$769$301
25 years$2,199$1,676$1,261$938$692$258
26 years$2,092$1,575$1,170$858$623$221
27 years$1,993$1,483$1,086$785$562$190
28 years$1,901$1,397$1,010$720$507$163
29 years$1,816$1,318$940$660$458$140
30 years$1,736$1,245$875$606$414$120
31 years$1,662$1,177$816$556$374$103
32 years$1,593$1,113$761$511$338$89
33 years$1,528$1,054$711$470$306$76
34 years$1,466$999$664$432$277$66
35 years$1,409$948$621$398$251$56
36 years$1,355$900$581$367$227$48
37 years$1,304$854$544$338$206$42
38 years$1,255$812$509$311$187$36
39 years$1,210$772$477$287$169$31
40 years$1,166$735$447$265$154$27
41 years$1,125$699$419$244$139$23
42 years$1,086$666$393$225$127$20
43 years$1,049$635$369$208$115$17
44 years$1,013$605$346$192$104$15
45 years$980$577$325$177$95$13
46 years$948$550$306$164$86$11
47 years$917$525$287$151$78$9
48 years$888$501$270$140$71$8
49 years$860$479$254$129$64$7
50 years$833$457$238$120$58$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $853,000, adding $6,783 every year, while hoping to spend $54,059 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: 50/22/28 Blend
52$853,000$853,000$853,000$853,000
53$947,003$901,794$888,572$986,552
54$986,079$888,463$860,821$1,001,566
55$1,027,328$872,668$830,328$1,011,955
56$1,070,917$854,229$796,945$1,022,189
57$1,117,023$832,960$760,516$1,032,281
58$1,165,845$808,659$720,878$1,042,244
59$1,217,594$781,117$677,861$1,052,100
60$1,272,507$750,110$631,287$1,061,873
61$1,330,838$715,400$580,970$1,071,598
62$1,392,867$676,739$526,717$1,081,315
63$1,458,902$633,862$468,324$1,091,072
64$1,529,277$586,488$405,580$1,100,929
65$1,604,360$534,322$338,264$1,110,957
66$1,684,552$477,052$266,143$1,121,237
67$1,770,296$414,347$188,978$1,131,868
68$1,862,073$345,857$106,517$1,142,962
69$1,960,416$271,215$18,496$1,154,650
70$2,065,903$190,030$0$1,167,083
71$2,179,175$101,891$0$1,202,974
72$2,300,931$6,364$0$1,247,346
73$2,431,940$0$0$1,294,984
74$2,573,045$0$0$1,369,726
75$2,725,174$0$0$1,452,037
76$2,889,345$0$0$1,540,934
77$3,066,677$0$0$1,637,035
78$3,258,399$0$0$1,741,014
79$3,465,863$0$0$1,853,614
80$3,690,554$0$0$1,975,652
81$3,934,106$0$0$2,108,027
82$4,198,314$0$0$2,251,726
83$4,485,154$0$0$2,407,836
84$4,796,797$0$0$2,577,552
85$5,135,634$0$0$2,762,188
86$5,504,293$0$0$2,963,192
87$5,905,668$0$0$3,182,155
88$6,342,941$0$0$3,420,829
89$6,819,616$0$0$3,681,141
90$7,339,546$0$0$3,965,214
91$7,906,975$0$0$4,275,383
92$8,526,575$0$0$4,614,219
93$9,203,486$0$0$4,984,554
94$9,943,368$0$0$5,389,502
95$10,752,454$0$0$5,832,496
96$11,637,605$0$0$6,317,313
97$12,606,377$0$0$6,848,113
98$13,667,087$0$0$7,429,477
99$14,828,898$0$0$8,066,451
100$16,101,898$0$0$8,764,589