Can I retire at age 53 with 858,000?

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 $858,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$70,853$70,222$69,606$69,005$68,418$67,229
2 years$35,076$34,422$33,789$33,175$32,580$31,386
3 years$23,151$22,495$21,864$21,256$20,670$19,508
4 years$17,191$16,537$15,911$15,314$14,742$13,622
5 years$13,615$12,965$12,348$11,762$11,207$10,130
6 years$11,232$10,587$9,979$9,406$8,867$7,837
7 years$9,531$8,891$8,293$7,734$7,212$6,227
8 years$8,255$7,621$7,033$6,487$5,983$5,043
9 years$7,264$6,635$6,057$5,526$5,038$4,144
10 years$6,471$5,849$5,281$4,763$4,293$3,443
11 years$5,823$5,207$4,649$4,146$3,692$2,885
12 years$5,283$4,673$4,126$3,636$3,199$2,435
13 years$4,826$4,223$3,686$3,210$2,790$2,067
14 years$4,436$3,839$3,312$2,850$2,446$1,762
15 years$4,097$3,507$2,990$2,541$2,153$1,509
16 years$3,801$3,218$2,711$2,276$1,903$1,296
17 years$3,541$2,963$2,467$2,045$1,687$1,116
18 years$3,309$2,738$2,252$1,843$1,500$963
19 years$3,102$2,538$2,062$1,665$1,337$833
20 years$2,916$2,358$1,892$1,508$1,195$721
21 years$2,748$2,197$1,740$1,369$1,069$626
22 years$2,595$2,050$1,604$1,244$958$544
23 years$2,456$1,918$1,481$1,133$860$473
24 years$2,329$1,797$1,370$1,034$773$411
25 years$2,212$1,686$1,269$944$696$358
26 years$2,104$1,585$1,177$863$627$312
27 years$2,005$1,491$1,093$790$565$272
28 years$1,912$1,405$1,016$724$510$238
29 years$1,826$1,326$945$664$460$207
30 years$1,747$1,252$880$609$416$181
31 years$1,672$1,184$821$559$376$158
32 years$1,602$1,120$766$514$340$138
33 years$1,537$1,061$715$473$308$121
34 years$1,475$1,005$668$435$279$106
35 years$1,417$953$625$400$252$92
36 years$1,363$905$584$369$229$81
37 years$1,311$859$547$340$207$71
38 years$1,263$817$512$313$188$62
39 years$1,217$777$480$289$170$54
40 years$1,173$739$450$266$155$47
41 years$1,132$703$422$246$140$41
42 years$1,092$670$396$227$127$36
43 years$1,055$638$371$209$115$32
44 years$1,019$608$348$193$105$28
45 years$986$580$327$179$95$24
46 years$953$553$307$165$86$21
47 years$922$528$289$152$78$19
48 years$893$504$271$141$71$16
49 years$865$482$255$130$65$14
50 years$838$460$240$120$59$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $858,000, adding $5,314 every year, while hoping to spend $27,987 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: 71/13/16 Blend
52$858,000$858,000$858,000$858,000
53$950,997$905,523$892,224$1,014,643
54$1,018,221$920,116$892,336$1,072,215
55$1,091,364$934,486$891,513$1,131,346
56$1,170,999$948,592$889,695$1,195,359
57$1,257,760$962,392$886,819$1,264,732
58$1,352,340$975,838$882,816$1,339,992
59$1,455,506$988,881$877,618$1,421,720
60$1,568,099$1,001,468$871,149$1,510,554
61$1,691,047$1,013,542$863,335$1,607,200
62$1,825,371$1,025,042$854,093$1,712,436
63$1,972,193$1,035,903$843,339$1,827,116
64$2,132,751$1,046,057$830,986$1,952,186
65$2,308,407$1,055,429$816,939$2,088,686
66$2,500,660$1,063,940$801,102$2,237,762
67$2,711,162$1,071,508$783,374$2,400,678
68$2,941,732$1,078,043$763,648$2,578,828
69$3,194,372$1,083,451$741,813$2,773,747
70$3,471,287$1,087,629$717,754$2,987,128
71$3,774,907$1,090,472$691,347$3,220,837
72$4,107,907$1,091,864$662,467$3,476,931
73$4,473,234$1,091,686$630,980$3,757,677
74$4,874,133$1,089,808$596,747$4,065,574
75$5,314,180$1,086,094$559,623$4,403,377
76$5,797,312$1,080,398$519,457$4,774,122
77$6,327,868$1,072,568$476,089$5,181,157
78$6,910,627$1,062,440$429,354$5,628,170
79$7,550,852$1,049,841$379,079$6,119,230
80$8,254,344$1,034,588$325,082$6,658,819
81$9,027,491$1,016,487$267,177$7,251,877
82$9,877,332$995,331$205,164$7,903,853
83$10,811,621$970,904$138,838$8,620,749
84$11,838,902$942,974$67,985$9,409,183
85$12,968,588$911,297$0$10,276,450
86$14,211,048$875,615$0$11,231,891
87$15,577,708$835,653$0$12,295,539
88$17,081,157$791,123$0$13,465,583
89$18,735,266$741,719$0$14,752,835
90$20,555,316$687,116$0$16,169,207
91$22,558,147$626,974$0$17,727,827
92$24,762,311$560,929$0$19,443,163
93$27,188,252$488,599$0$21,331,157
94$29,858,495$409,582$0$23,409,377
95$32,797,859$323,449$0$25,697,185
96$36,033,693$229,751$0$28,215,917
97$39,596,132$128,010$0$30,989,086
98$43,518,379$17,725$0$34,042,602
99$47,837,025$0$0$37,405,021
100$52,592,385$0$0$41,122,350