Can I retire at age 53 with 857,000?

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 $857,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$70,770$70,140$69,525$68,925$68,338$66,551
2 years$35,035$34,382$33,750$33,137$32,542$30,754
3 years$23,125$22,469$21,838$21,231$20,646$18,913
4 years$17,171$16,517$15,893$15,296$14,725$13,060
5 years$13,599$12,950$12,333$11,749$11,194$9,601
6 years$11,219$10,574$9,967$9,395$8,857$7,339
7 years$9,519$8,880$8,283$7,725$7,203$5,759
8 years$8,245$7,612$7,025$6,480$5,976$4,605
9 years$7,255$6,628$6,050$5,519$5,032$3,734
10 years$6,463$5,842$5,275$4,758$4,288$3,061
11 years$5,816$5,201$4,644$4,141$3,688$2,530
12 years$5,277$4,668$4,121$3,632$3,196$2,104
13 years$4,821$4,218$3,682$3,206$2,787$1,760
14 years$4,430$3,834$3,308$2,846$2,443$1,479
15 years$4,092$3,503$2,987$2,538$2,151$1,246
16 years$3,797$3,214$2,708$2,273$1,901$1,054
17 years$3,536$2,960$2,464$2,042$1,686$893
18 years$3,305$2,735$2,250$1,840$1,499$759
19 years$3,098$2,535$2,059$1,663$1,336$645
20 years$2,913$2,355$1,890$1,506$1,193$550
21 years$2,745$2,194$1,738$1,367$1,068$469
22 years$2,592$2,048$1,602$1,243$957$401
23 years$2,453$1,915$1,479$1,132$859$342
24 years$2,326$1,795$1,368$1,032$772$293
25 years$2,209$1,684$1,267$943$695$251
26 years$2,102$1,583$1,175$862$626$215
27 years$2,002$1,490$1,091$789$564$184
28 years$1,910$1,404$1,015$723$509$158
29 years$1,824$1,324$944$663$460$135
30 years$1,744$1,251$879$608$415$116
31 years$1,670$1,182$820$559$376$99
32 years$1,600$1,119$765$514$340$85
33 years$1,535$1,059$714$472$307$73
34 years$1,473$1,004$667$435$278$63
35 years$1,416$952$624$400$252$54
36 years$1,361$904$584$368$228$46
37 years$1,310$858$546$339$207$40
38 years$1,261$816$512$313$188$34
39 years$1,215$776$479$288$170$29
40 years$1,172$738$449$266$154$25
41 years$1,130$703$421$245$140$22
42 years$1,091$669$395$227$127$19
43 years$1,054$638$371$209$115$16
44 years$1,018$608$348$193$105$14
45 years$984$580$327$178$95$12
46 years$952$553$307$165$86$10
47 years$921$528$288$152$78$9
48 years$892$504$271$141$71$7
49 years$864$481$255$130$65$6
50 years$837$459$239$120$59$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $857,000, adding $5,905 every year, while hoping to spend $28,490 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: 58/19/23 Blend
52$857,000$857,000$857,000$857,000
53$950,505$905,084$891,801$999,439
54$1,017,143$919,120$891,363$1,047,498
55$1,089,624$932,889$889,955$1,096,307
56$1,168,513$946,347$887,516$1,148,907
57$1,254,432$959,450$883,979$1,205,671
58$1,348,067$972,146$879,275$1,267,011
59$1,450,172$984,383$873,333$1,333,382
60$1,561,577$996,105$866,077$1,405,283
61$1,683,195$1,007,251$857,427$1,483,270
62$1,816,031$1,017,757$847,302$1,567,951
63$1,961,193$1,027,554$835,613$1,660,000
64$2,119,899$1,036,568$822,271$1,760,160
65$2,293,491$1,044,723$807,179$1,869,250
66$2,483,447$1,051,933$790,239$1,988,175
67$2,691,393$1,058,112$771,346$2,117,931
68$2,919,119$1,063,164$750,391$2,259,620
69$3,168,601$1,066,990$727,260$2,414,455
70$3,442,008$1,069,483$701,833$2,583,775
71$3,741,735$1,070,530$673,987$2,769,057
72$4,070,416$1,070,010$643,590$2,971,931
73$4,430,954$1,067,796$610,506$3,194,194
74$4,826,546$1,063,753$574,592$3,437,829
75$5,260,712$1,057,735$535,699$3,705,021
76$5,737,332$1,049,591$493,672$3,998,184
77$6,260,678$1,039,159$448,348$4,319,977
78$6,835,457$1,026,268$399,558$4,673,333
79$7,466,853$1,010,734$347,122$5,061,490
80$8,160,578$992,366$290,857$5,488,013
81$8,922,924$970,960$230,568$5,956,840
82$9,760,824$946,298$166,053$6,472,309
83$10,681,914$918,152$97,102$7,039,207
84$11,694,607$886,281$23,494$7,662,809
85$12,808,175$850,426$0$8,348,937
86$14,032,829$810,317$0$9,117,517
87$15,379,822$765,667$0$9,969,146
88$16,861,550$716,171$0$10,905,913
89$18,491,674$661,509$0$11,936,486
90$20,285,244$601,342$0$13,070,415
91$22,258,841$535,310$0$14,318,228
92$24,430,737$463,035$0$15,691,526
93$26,821,063$384,115$0$17,203,096
94$29,452,002$298,127$0$18,867,032
95$32,347,996$204,624$0$20,698,865
96$35,535,975$103,134$0$22,715,716
97$39,045,615$0$0$24,936,451
98$42,909,616$0$0$27,383,295
99$47,164,006$0$0$30,101,183
100$51,848,489$0$0$33,093,926