Can I retire at age 53 with 854,000?

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 $854,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$70,523$69,894$69,281$68,683$68,099$67,444
2 years$34,912$34,262$33,632$33,021$32,428$31,768
3 years$23,044$22,391$21,762$21,157$20,574$19,930
4 years$17,110$16,459$15,837$15,242$14,673$14,050
5 years$13,551$12,904$12,290$11,708$11,154$10,553
6 years$11,180$10,537$9,932$9,363$8,826$8,248
7 years$9,486$8,849$8,254$7,697$7,178$6,623
8 years$8,217$7,585$7,000$6,457$5,955$5,424
9 years$7,230$6,605$6,029$5,500$5,015$4,507
10 years$6,441$5,822$5,256$4,741$4,273$3,788
11 years$5,795$5,183$4,628$4,126$3,675$3,212
12 years$5,258$4,652$4,107$3,619$3,185$2,744
13 years$4,804$4,204$3,669$3,195$2,777$2,358
14 years$4,415$3,821$3,297$2,836$2,434$2,036
15 years$4,078$3,491$2,977$2,530$2,143$1,766
16 years$3,784$3,203$2,699$2,265$1,894$1,537
17 years$3,524$2,949$2,456$2,035$1,680$1,341
18 years$3,294$2,725$2,242$1,834$1,493$1,173
19 years$3,088$2,526$2,052$1,657$1,331$1,029
20 years$2,902$2,347$1,883$1,501$1,189$904
21 years$2,735$2,186$1,732$1,362$1,064$796
22 years$2,583$2,041$1,597$1,239$954$701
23 years$2,445$1,909$1,474$1,128$856$619
24 years$2,318$1,788$1,363$1,029$770$546
25 years$2,202$1,678$1,263$940$692$483
26 years$2,094$1,577$1,171$859$624$427
27 years$1,995$1,484$1,088$786$562$378
28 years$1,903$1,399$1,011$720$507$335
29 years$1,818$1,320$941$661$458$297
30 years$1,738$1,246$876$606$414$264
31 years$1,664$1,178$817$557$374$234
32 years$1,595$1,115$762$512$339$208
33 years$1,529$1,056$712$471$306$184
34 years$1,468$1,001$665$433$277$164
35 years$1,411$949$622$399$251$146
36 years$1,356$901$582$367$228$129
37 years$1,305$855$544$338$206$115
38 years$1,257$813$510$312$187$102
39 years$1,211$773$478$287$170$91
40 years$1,168$736$448$265$154$81
41 years$1,126$700$420$245$140$72
42 years$1,087$667$394$226$127$64
43 years$1,050$635$369$208$115$57
44 years$1,015$606$347$192$104$51
45 years$981$577$326$178$95$45
46 years$949$551$306$164$86$40
47 years$918$526$287$152$78$36
48 years$889$502$270$140$71$32
49 years$861$479$254$130$64$28
50 years$834$458$239$120$59$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $854,000, adding $2,797 every year, while hoping to spend $26,373 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: 60/28/12 Blend
52$854,000$854,000$854,000$854,000
53$943,993$898,731$885,494$997,735
54$1,012,220$914,708$887,097$1,050,181
55$1,086,522$930,584$887,871$1,104,138
56$1,167,490$946,327$887,758$1,162,356
57$1,255,778$961,900$886,701$1,225,249
58$1,352,100$977,266$884,639$1,293,272
59$1,457,247$992,385$881,507$1,366,926
60$1,572,086$1,007,212$877,237$1,446,765
61$1,697,574$1,021,701$871,760$1,533,398
62$1,834,764$1,035,801$865,002$1,627,498
63$1,984,815$1,049,460$856,884$1,729,806
64$2,149,002$1,062,620$847,325$1,841,139
65$2,328,731$1,075,219$836,241$1,962,396
66$2,525,549$1,087,192$823,543$2,094,573
67$2,741,160$1,098,469$809,136$2,238,761
68$2,977,440$1,108,976$792,925$2,396,170
69$3,236,457$1,118,634$774,805$2,568,129
70$3,520,485$1,127,357$754,671$2,756,105
71$3,832,033$1,135,056$732,411$2,961,715
72$4,173,861$1,141,634$707,908$3,186,744
73$4,549,011$1,146,990$681,038$3,433,156
74$4,960,833$1,151,015$651,676$3,703,119
75$5,413,017$1,153,594$619,686$3,999,022
76$5,909,628$1,154,604$584,929$4,323,502
77$6,455,145$1,153,914$547,259$4,679,461
78$7,054,501$1,151,387$506,523$5,070,103
79$7,713,130$1,146,875$462,562$5,498,959
80$8,437,021$1,140,223$415,209$5,969,920
81$9,232,768$1,131,265$364,290$6,487,278
82$10,107,640$1,119,826$309,623$7,055,765
83$11,069,642$1,105,721$251,018$7,680,596
84$12,127,595$1,088,751$188,277$8,367,520
85$13,291,218$1,068,709$121,193$9,122,879
86$14,571,220$1,045,372$49,550$9,953,658
87$15,979,396$1,018,508$0$10,867,564
88$17,528,747$987,867$0$11,876,533
89$19,233,595$953,188$0$12,993,478
90$21,109,720$914,192$0$14,222,400
91$23,174,510$870,586$0$15,574,709
92$25,447,123$822,059$0$17,062,982
93$27,948,671$768,281$0$18,701,081
94$30,702,415$708,906$0$20,504,283
95$33,733,983$643,564$0$22,489,426
96$37,071,620$571,869$0$24,675,071
97$40,746,443$493,409$0$27,081,672
98$44,792,745$407,750$0$29,731,776
99$49,248,309$314,434$0$32,650,230
100$54,154,772$212,977$0$35,864,422