Can I retire at age 53 with 858,000?

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 $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%12.8%
1 years$70,853$70,222$69,606$69,005$68,418$67,619
2 years$35,076$34,422$33,789$33,175$32,580$31,776
3 years$23,151$22,495$21,864$21,256$20,670$19,886
4 years$17,191$16,537$15,911$15,314$14,742$13,984
5 years$13,615$12,965$12,348$11,762$11,207$10,476
6 years$11,232$10,587$9,979$9,406$8,867$8,166
7 years$9,531$8,891$8,293$7,734$7,212$6,539
8 years$8,255$7,621$7,033$6,487$5,983$5,339
9 years$7,264$6,635$6,057$5,526$5,038$4,424
10 years$6,471$5,849$5,281$4,763$4,293$3,707
11 years$5,823$5,207$4,649$4,146$3,692$3,134
12 years$5,283$4,673$4,126$3,636$3,199$2,669
13 years$4,826$4,223$3,686$3,210$2,790$2,286
14 years$4,436$3,839$3,312$2,850$2,446$1,967
15 years$4,097$3,507$2,990$2,541$2,153$1,700
16 years$3,801$3,218$2,711$2,276$1,903$1,475
17 years$3,541$2,963$2,467$2,045$1,687$1,282
18 years$3,309$2,738$2,252$1,843$1,500$1,118
19 years$3,102$2,538$2,062$1,665$1,337$977
20 years$2,916$2,358$1,892$1,508$1,195$855
21 years$2,748$2,197$1,740$1,369$1,069$750
22 years$2,595$2,050$1,604$1,244$958$658
23 years$2,456$1,918$1,481$1,133$860$578
24 years$2,329$1,797$1,370$1,034$773$509
25 years$2,212$1,686$1,269$944$696$448
26 years$2,104$1,585$1,177$863$627$395
27 years$2,005$1,491$1,093$790$565$348
28 years$1,912$1,405$1,016$724$510$307
29 years$1,826$1,326$945$664$460$271
30 years$1,747$1,252$880$609$416$240
31 years$1,672$1,184$821$559$376$212
32 years$1,602$1,120$766$514$340$187
33 years$1,537$1,061$715$473$308$166
34 years$1,475$1,005$668$435$279$147
35 years$1,417$953$625$400$252$130
36 years$1,363$905$584$369$229$115
37 years$1,311$859$547$340$207$102
38 years$1,263$817$512$313$188$90
39 years$1,217$777$480$289$170$80
40 years$1,173$739$450$266$155$71
41 years$1,132$703$422$246$140$62
42 years$1,092$670$396$227$127$55
43 years$1,055$638$371$209$115$49
44 years$1,019$608$348$193$105$43
45 years$986$580$327$179$95$38
46 years$953$553$307$165$86$34
47 years$922$528$289$152$78$30
48 years$893$504$271$141$71$27
49 years$865$482$255$130$65$24
50 years$838$460$240$120$59$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $858,000, adding $6,503 every year, while hoping to spend $21,781 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: 48/40/12 Blend
52$858,000$858,000$858,000$858,000
53$952,224$906,750$893,451$994,479
54$1,026,176$928,006$900,207$1,045,523
55$1,106,941$949,573$906,459$1,098,122
56$1,195,191$971,444$912,167$1,154,743
57$1,291,666$993,611$917,290$1,215,767
58$1,397,180$1,016,062$921,784$1,281,616
59$1,512,631$1,038,787$925,601$1,352,753
60$1,639,004$1,061,773$928,694$1,429,690
61$1,777,389$1,085,006$931,012$1,512,990
62$1,928,981$1,108,470$932,500$1,603,272
63$2,095,101$1,132,149$933,102$1,701,221
64$2,277,200$1,156,022$932,759$1,807,589
65$2,476,877$1,180,070$931,410$1,923,206
66$2,695,895$1,204,270$928,988$2,048,986
67$2,936,193$1,228,596$925,426$2,185,936
68$3,199,909$1,253,022$920,653$2,335,168
69$3,489,398$1,277,518$914,592$2,497,904
70$3,807,251$1,302,051$907,166$2,675,494
71$4,156,327$1,326,588$898,292$2,869,423
72$4,539,772$1,351,090$887,884$3,081,330
73$4,961,052$1,375,517$875,852$3,313,020
74$5,423,987$1,399,825$862,101$3,566,484
75$5,932,784$1,423,966$846,531$3,843,914
76$6,492,078$1,447,891$829,040$4,147,730
77$7,106,975$1,471,543$809,518$4,480,594
78$7,783,103$1,494,864$787,853$4,845,445
79$8,526,658$1,517,792$763,926$5,245,521
80$9,344,472$1,540,258$737,611$5,684,390
81$10,244,067$1,562,190$708,780$6,165,985
82$11,233,734$1,583,510$677,297$6,694,644
83$12,322,608$1,604,135$643,019$7,275,144
84$13,520,753$1,623,976$605,799$7,912,754
85$14,839,257$1,642,938$565,481$8,613,280
86$16,290,339$1,660,920$521,903$9,383,124
87$17,887,463$1,677,814$474,895$10,229,340
88$19,645,461$1,693,504$424,281$11,159,705
89$21,580,680$1,707,867$369,876$12,182,790
90$23,711,130$1,720,773$311,488$13,308,043
91$26,056,655$1,732,082$248,913$14,545,879
92$28,639,125$1,741,645$181,943$15,907,776
93$31,482,635$1,749,304$110,357$17,406,387
94$34,613,735$1,754,892$33,925$19,055,657
95$38,061,684$1,758,229$0$20,870,958
96$41,858,720$1,759,127$0$22,875,333
97$46,040,368$1,757,383$0$25,086,387
98$50,645,774$1,752,783$0$27,520,390
99$55,718,074$1,745,100$0$30,200,063
100$61,304,801$1,734,094$0$33,150,449