Can I retire at age 53 with 855,000?

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 $855,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$70,605$69,976$69,363$68,764$68,179$67,608
2 years$34,953$34,302$33,671$33,059$32,466$31,890
3 years$23,071$22,417$21,787$21,182$20,598$20,035
4 years$17,130$16,479$15,856$15,260$14,691$14,146
5 years$13,567$12,920$12,305$11,721$11,168$10,642
6 years$11,193$10,550$9,944$9,374$8,836$8,331
7 years$9,497$8,860$8,264$7,707$7,186$6,701
8 years$8,226$7,594$7,008$6,465$5,962$5,497
9 years$7,238$6,612$6,036$5,507$5,021$4,576
10 years$6,448$5,828$5,262$4,747$4,278$3,853
11 years$5,802$5,189$4,633$4,131$3,679$3,273
12 years$5,264$4,657$4,112$3,624$3,188$2,801
13 years$4,810$4,209$3,673$3,199$2,780$2,412
14 years$4,420$3,826$3,301$2,840$2,437$2,087
15 years$4,083$3,495$2,980$2,533$2,146$1,814
16 years$3,788$3,206$2,702$2,268$1,897$1,581
17 years$3,528$2,953$2,459$2,037$1,682$1,383
18 years$3,297$2,729$2,244$1,836$1,495$1,213
19 years$3,091$2,529$2,055$1,659$1,333$1,066
20 years$2,906$2,350$1,886$1,503$1,190$938
21 years$2,738$2,189$1,734$1,364$1,065$828
22 years$2,586$2,043$1,599$1,240$955$731
23 years$2,448$1,911$1,476$1,129$857$646
24 years$2,321$1,790$1,365$1,030$770$572
25 years$2,204$1,680$1,264$941$693$507
26 years$2,097$1,579$1,173$860$624$450
27 years$1,998$1,486$1,089$787$563$399
28 years$1,906$1,400$1,012$721$508$355
29 years$1,820$1,321$942$661$459$315
30 years$1,740$1,248$877$607$414$280
31 years$1,666$1,179$818$557$375$249
32 years$1,596$1,116$763$512$339$222
33 years$1,531$1,057$713$471$307$197
34 years$1,470$1,002$666$433$278$176
35 years$1,412$950$622$399$252$157
36 years$1,358$902$582$368$228$140
37 years$1,307$856$545$339$207$124
38 years$1,258$814$510$312$187$111
39 years$1,212$774$478$288$170$99
40 years$1,169$736$448$265$154$88
41 years$1,128$701$420$245$140$79
42 years$1,089$668$394$226$127$70
43 years$1,051$636$370$209$115$63
44 years$1,016$606$347$193$104$56
45 years$982$578$326$178$95$50
46 years$950$552$306$164$86$44
47 years$919$526$288$152$78$40
48 years$890$502$270$140$71$35
49 years$862$480$254$130$64$32
50 years$835$458$239$120$59$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $855,000, adding $4,893 every year, while hoping to spend $24,438 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: 53/37/10 Blend
52$855,000$855,000$855,000$855,000
53$947,257$901,942$888,690$994,791
54$1,017,876$920,135$892,459$1,045,832
55$1,094,878$938,401$895,535$1,098,276
56$1,178,890$956,717$897,870$1,154,758
57$1,270,599$975,059$899,411$1,215,666
58$1,370,764$993,401$900,106$1,281,427
59$1,480,219$1,011,714$899,896$1,352,511
60$1,599,881$1,029,968$898,722$1,429,437
61$1,730,763$1,048,130$896,523$1,512,776
62$1,873,976$1,066,164$893,233$1,603,158
63$2,030,748$1,084,033$888,782$1,701,277
64$2,202,428$1,101,694$883,100$1,807,897
65$2,390,502$1,119,103$876,110$1,923,863
66$2,596,608$1,136,214$867,734$2,050,104
67$2,822,548$1,152,975$857,890$2,187,644
68$3,070,308$1,169,331$846,489$2,337,613
69$3,342,076$1,185,224$833,443$2,501,258
70$3,640,259$1,200,592$818,655$2,679,950
71$3,967,512$1,215,367$802,026$2,875,203
72$4,326,757$1,229,479$783,453$3,088,686
73$4,721,214$1,242,851$762,826$3,322,239
74$5,154,428$1,255,401$740,031$3,577,889
75$5,630,308$1,267,044$714,950$3,857,873
76$6,153,156$1,277,686$687,458$4,164,655
77$6,727,715$1,287,229$657,424$4,500,954
78$7,359,207$1,295,568$624,713$4,869,766
79$8,053,386$1,302,591$589,182$5,274,392
80$8,816,594$1,308,181$550,681$5,718,476
81$9,655,815$1,312,209$509,057$6,206,032
82$10,578,743$1,314,543$464,146$6,741,485
83$11,593,859$1,315,039$415,779$7,329,714
84$12,710,502$1,313,547$363,777$7,976,100
85$13,938,967$1,309,904$307,958$8,686,571
86$15,290,593$1,303,941$248,125$9,467,665
87$16,777,875$1,295,475$184,079$10,326,589
88$18,414,581$1,284,316$115,608$11,271,288
89$20,215,879$1,270,259$42,492$12,310,519
90$22,198,485$1,253,087$0$13,453,938
91$24,380,815$1,232,573$0$14,715,980
92$26,783,163$1,208,474$0$16,109,669
93$29,427,888$1,180,531$0$17,643,428
94$32,339,630$1,148,475$0$19,331,541
95$35,545,537$1,112,015$0$21,189,754
96$39,075,526$1,070,848$0$23,235,420
97$42,962,561$1,024,650$0$25,487,667
98$47,242,965$973,081$0$27,967,577
99$51,956,764$915,779$0$30,698,389
100$57,148,064$852,362$0$33,705,714