Can I retire at age 53 with 856,000?

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 $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%18.4%
1 years$70,688$70,058$69,444$68,844$68,259$65,942
2 years$34,994$34,342$33,711$33,098$32,504$30,193
3 years$23,098$22,443$21,813$21,206$20,622$18,389
4 years$17,151$16,498$15,874$15,278$14,708$12,571
5 years$13,583$12,935$12,319$11,735$11,181$9,145
6 years$11,206$10,562$9,956$9,385$8,847$6,914
7 years$9,508$8,870$8,273$7,716$7,195$5,364
8 years$8,236$7,603$7,016$6,472$5,969$4,239
9 years$7,247$6,620$6,043$5,513$5,027$3,396
10 years$6,456$5,835$5,269$4,752$4,283$2,749
11 years$5,809$5,195$4,638$4,136$3,683$2,243
12 years$5,270$4,663$4,116$3,628$3,192$1,841
13 years$4,815$4,214$3,678$3,203$2,783$1,519
14 years$4,425$3,830$3,304$2,843$2,440$1,259
15 years$4,088$3,499$2,983$2,535$2,148$1,046
16 years$3,792$3,210$2,705$2,270$1,899$872
17 years$3,532$2,956$2,461$2,040$1,684$728
18 years$3,301$2,732$2,247$1,838$1,497$609
19 years$3,095$2,532$2,057$1,661$1,334$511
20 years$2,909$2,353$1,888$1,504$1,192$429
21 years$2,742$2,191$1,736$1,365$1,066$360
22 years$2,589$2,046$1,600$1,241$956$303
23 years$2,451$1,913$1,478$1,131$858$255
24 years$2,324$1,793$1,367$1,031$771$214
25 years$2,207$1,682$1,266$942$694$181
26 years$2,099$1,581$1,174$861$625$152
27 years$2,000$1,488$1,090$788$564$128
28 years$1,908$1,402$1,013$722$509$108
29 years$1,822$1,323$943$662$459$91
30 years$1,742$1,249$878$608$415$77
31 years$1,668$1,181$819$558$375$65
32 years$1,598$1,117$764$513$339$55
33 years$1,533$1,058$713$472$307$46
34 years$1,472$1,003$667$434$278$39
35 years$1,414$951$623$400$252$33
36 years$1,360$903$583$368$228$28
37 years$1,308$857$546$339$207$23
38 years$1,260$815$511$312$188$20
39 years$1,214$775$479$288$170$17
40 years$1,170$737$449$266$154$14
41 years$1,129$702$421$245$140$12
42 years$1,090$668$395$226$127$10
43 years$1,053$637$370$209$115$9
44 years$1,017$607$348$193$105$7
45 years$983$579$326$178$95$6
46 years$951$552$307$165$86$5
47 years$920$527$288$152$78$4
48 years$891$503$271$140$71$4
49 years$863$480$254$130$65$3
50 years$836$459$239$120$59$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $856,000, adding $5,559 every year, while hoping to spend $31,509 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: 42/29/29 Blend
52$856,000$856,000$856,000$856,000
53$949,046$903,678$890,410$980,651
54$1,012,323$914,433$886,714$1,014,723
55$1,080,999$924,659$881,837$1,048,229
56$1,155,590$934,296$875,708$1,083,920
57$1,236,666$943,283$868,250$1,122,019
58$1,324,853$951,550$859,383$1,162,770
59$1,420,839$959,027$849,023$1,206,446
60$1,525,382$965,638$837,083$1,253,347
61$1,639,317$971,300$823,472$1,303,809
62$1,763,562$975,927$808,092$1,358,199
63$1,899,125$979,428$790,843$1,416,929
64$2,047,120$981,704$771,621$1,480,452
65$2,208,771$982,652$750,314$1,549,269
66$2,385,424$982,161$726,809$1,623,936
67$2,578,564$980,113$700,983$1,705,068
68$2,789,824$976,385$672,713$1,793,346
69$3,021,002$970,844$641,864$1,889,521
70$3,274,078$963,350$608,301$1,994,428
71$3,551,234$953,753$571,879$2,108,988
72$3,854,871$941,898$532,448$2,234,217
73$4,187,632$927,616$489,850$2,371,244
74$4,552,432$910,730$443,921$2,521,313
75$4,952,478$891,054$394,490$2,685,800
76$5,391,303$868,388$341,377$2,866,227
77$5,872,798$842,521$284,396$3,064,275
78$6,401,251$813,232$223,351$3,281,802
79$6,981,384$780,285$158,038$3,520,861
80$7,618,396$743,431$88,244$3,783,719
81$8,318,019$702,405$13,746$4,072,882
82$9,086,564$656,930$0$4,391,116
83$9,930,983$606,709$0$4,761,826
84$10,858,937$551,432$0$5,173,899
85$11,878,865$490,768$0$5,626,884
86$13,000,063$424,370$0$6,124,977
87$14,232,775$351,869$0$6,672,807
88$15,588,284$272,877$0$7,275,476
89$17,079,024$186,983$0$7,938,614
90$18,718,693$93,753$0$8,668,428
91$20,522,382$0$0$9,471,764
92$22,506,721$0$0$10,358,490
93$24,690,031$0$0$11,367,170
94$27,092,498$0$0$12,477,227
95$29,736,366$0$0$13,698,953
96$32,646,142$0$0$15,043,690
97$35,848,830$0$0$16,523,936
98$39,374,184$0$0$18,153,458
99$43,254,992$0$0$19,947,431
100$47,527,378$0$0$21,922,572