Can I retire at age 53 with 856,000?

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 $856,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$70,688$70,058$69,444$68,844$68,259$67,434
2 years$34,994$34,342$33,711$33,098$32,504$31,674
3 years$23,098$22,443$21,813$21,206$20,622$19,812
4 years$17,151$16,498$15,874$15,278$14,708$13,925
5 years$13,583$12,935$12,319$11,735$11,181$10,427
6 years$11,206$10,562$9,956$9,385$8,847$8,123
7 years$9,508$8,870$8,273$7,716$7,195$6,501
8 years$8,236$7,603$7,016$6,472$5,969$5,305
9 years$7,247$6,620$6,043$5,513$5,027$4,393
10 years$6,456$5,835$5,269$4,752$4,283$3,679
11 years$5,809$5,195$4,638$4,136$3,683$3,108
12 years$5,270$4,663$4,116$3,628$3,192$2,645
13 years$4,815$4,214$3,678$3,203$2,783$2,264
14 years$4,425$3,830$3,304$2,843$2,440$1,948
15 years$4,088$3,499$2,983$2,535$2,148$1,682
16 years$3,792$3,210$2,705$2,270$1,899$1,458
17 years$3,532$2,956$2,461$2,040$1,684$1,267
18 years$3,301$2,732$2,247$1,838$1,497$1,104
19 years$3,095$2,532$2,057$1,661$1,334$964
20 years$2,909$2,353$1,888$1,504$1,192$843
21 years$2,742$2,191$1,736$1,365$1,066$738
22 years$2,589$2,046$1,600$1,241$956$648
23 years$2,451$1,913$1,478$1,131$858$569
24 years$2,324$1,793$1,367$1,031$771$500
25 years$2,207$1,682$1,266$942$694$440
26 years$2,099$1,581$1,174$861$625$388
27 years$2,000$1,488$1,090$788$564$342
28 years$1,908$1,402$1,013$722$509$301
29 years$1,822$1,323$943$662$459$266
30 years$1,742$1,249$878$608$415$235
31 years$1,668$1,181$819$558$375$207
32 years$1,598$1,117$764$513$339$183
33 years$1,533$1,058$713$472$307$162
34 years$1,472$1,003$667$434$278$143
35 years$1,414$951$623$400$252$126
36 years$1,360$903$583$368$228$112
37 years$1,308$857$546$339$207$99
38 years$1,260$815$511$312$188$87
39 years$1,214$775$479$288$170$77
40 years$1,170$737$449$266$154$68
41 years$1,129$702$421$245$140$61
42 years$1,090$668$395$226$127$54
43 years$1,053$637$370$209$115$47
44 years$1,017$607$348$193$105$42
45 years$983$579$326$178$95$37
46 years$951$552$307$165$86$33
47 years$920$527$288$152$78$29
48 years$891$503$271$140$71$26
49 years$863$480$254$130$65$23
50 years$836$459$239$120$59$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $856,000, adding $3,152 every year, while hoping to spend $50,413 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: 55/21/24 Blend
52$856,000$856,000$856,000$856,000
53$946,563$901,195$887,927$992,236
54$989,474$891,715$864,034$1,014,463
55$1,035,071$880,080$837,650$1,033,118
56$1,083,577$866,133$808,640$1,052,379
57$1,135,233$849,704$776,860$1,072,320
58$1,190,303$830,616$742,161$1,093,024
59$1,249,077$808,679$704,387$1,114,588
60$1,311,874$783,695$663,375$1,137,119
61$1,379,040$755,451$618,953$1,160,740
62$1,450,958$723,725$570,944$1,185,589
63$1,528,046$688,278$519,161$1,211,820
64$1,610,764$648,860$463,410$1,239,610
65$1,699,615$605,207$403,487$1,269,154
66$1,795,152$557,039$339,180$1,300,674
67$1,897,982$504,058$270,268$1,334,418
68$2,008,772$445,953$196,518$1,370,663
69$2,128,255$382,393$117,689$1,409,722
70$2,257,235$313,028$33,529$1,451,941
71$2,396,595$237,488$0$1,497,710
72$2,547,307$155,385$0$1,561,878
73$2,710,439$66,305$0$1,640,616
74$2,887,164$0$0$1,725,945
75$3,078,774$0$0$1,825,520
76$3,286,688$0$0$1,950,260
77$3,512,465$0$0$2,085,787
78$3,757,824$0$0$2,233,141
79$4,024,653$0$0$2,393,465
80$4,315,029$0$0$2,568,017
81$4,631,240$0$0$2,758,181
82$4,975,800$0$0$2,965,482
83$5,351,479$0$0$3,191,595
84$5,761,324$0$0$3,438,366
85$6,208,689$0$0$3,707,826
86$6,697,266$0$0$4,002,212
87$7,231,119$0$0$4,323,985
88$7,814,724$0$0$4,675,855
89$8,453,006$0$0$5,060,808
90$9,151,390$0$0$5,482,128
91$9,915,849$0$0$5,943,434
92$10,752,960$0$0$6,448,710
93$11,669,965$0$0$7,002,344
94$12,674,841$0$0$7,609,169
95$13,776,373$0$0$8,274,506
96$14,984,235$0$0$9,004,218
97$16,309,083$0$0$9,804,760
98$17,762,654$0$0$10,683,243
99$19,357,876$0$0$11,647,502
100$21,108,989$0$0$12,706,164