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%11.2%
1 years$70,853$70,222$69,606$69,005$68,418$68,073
2 years$35,076$34,422$33,789$33,175$32,580$32,231
3 years$23,151$22,495$21,864$21,256$20,670$20,329
4 years$17,191$16,537$15,911$15,314$14,742$14,411
5 years$13,615$12,965$12,348$11,762$11,207$10,887
6 years$11,232$10,587$9,979$9,406$8,867$8,559
7 years$9,531$8,891$8,293$7,734$7,212$6,915
8 years$8,255$7,621$7,033$6,487$5,983$5,698
9 years$7,264$6,635$6,057$5,526$5,038$4,766
10 years$6,471$5,849$5,281$4,763$4,293$4,032
11 years$5,823$5,207$4,649$4,146$3,692$3,442
12 years$5,283$4,673$4,126$3,636$3,199$2,961
13 years$4,826$4,223$3,686$3,210$2,790$2,563
14 years$4,436$3,839$3,312$2,850$2,446$2,229
15 years$4,097$3,507$2,990$2,541$2,153$1,947
16 years$3,801$3,218$2,711$2,276$1,903$1,707
17 years$3,541$2,963$2,467$2,045$1,687$1,501
18 years$3,309$2,738$2,252$1,843$1,500$1,324
19 years$3,102$2,538$2,062$1,665$1,337$1,170
20 years$2,916$2,358$1,892$1,508$1,195$1,036
21 years$2,748$2,197$1,740$1,369$1,069$919
22 years$2,595$2,050$1,604$1,244$958$817
23 years$2,456$1,918$1,481$1,133$860$727
24 years$2,329$1,797$1,370$1,034$773$647
25 years$2,212$1,686$1,269$944$696$577
26 years$2,104$1,585$1,177$863$627$515
27 years$2,005$1,491$1,093$790$565$460
28 years$1,912$1,405$1,016$724$510$411
29 years$1,826$1,326$945$664$460$368
30 years$1,747$1,252$880$609$416$329
31 years$1,672$1,184$821$559$376$295
32 years$1,602$1,120$766$514$340$264
33 years$1,537$1,061$715$473$308$237
34 years$1,475$1,005$668$435$279$212
35 years$1,417$953$625$400$252$190
36 years$1,363$905$584$369$229$171
37 years$1,311$859$547$340$207$153
38 years$1,263$817$512$313$188$137
39 years$1,217$777$480$289$170$123
40 years$1,173$739$450$266$155$111
41 years$1,132$703$422$246$140$99
42 years$1,092$670$396$227$127$89
43 years$1,055$638$371$209$115$80
44 years$1,019$608$348$193$105$72
45 years$986$580$327$179$95$65
46 years$953$553$307$165$86$58
47 years$922$528$289$152$78$52
48 years$893$504$271$141$71$47
49 years$865$482$255$130$65$42
50 years$838$460$240$120$59$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $858,000, adding $4,679 every year, while hoping to spend $46,271 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: 45/36/19 Blend
52$858,000$858,000$858,000$858,000
53$950,342$904,868$891,569$987,725
54$998,045$899,975$872,205$1,009,509
55$1,049,063$893,291$850,641$1,028,159
56$1,103,685$884,680$826,755$1,047,415
57$1,162,229$873,997$800,419$1,067,357
58$1,225,041$861,088$771,498$1,088,071
59$1,292,505$845,791$739,853$1,109,658
60$1,365,040$827,934$705,337$1,132,233
61$1,443,105$807,333$667,797$1,155,925
62$1,527,206$783,797$627,072$1,180,880
63$1,617,897$757,119$582,996$1,207,263
64$1,715,789$727,085$535,393$1,235,261
65$1,821,551$693,464$484,080$1,265,084
66$1,935,920$656,014$428,867$1,296,967
67$2,059,704$614,479$369,555$1,331,177
68$2,193,793$568,588$305,934$1,368,011
69$2,339,166$518,054$237,788$1,407,804
70$2,496,897$462,575$164,890$1,450,929
71$2,668,169$401,830$87,003$1,497,807
72$2,854,284$335,481$3,879$1,548,906
73$3,056,672$263,170$0$1,604,751
74$3,276,908$184,521$0$1,683,124
75$3,516,724$99,135$0$1,769,439
76$3,778,028$6,590$0$1,863,695
77$4,062,916$0$0$1,966,763
78$4,373,698$0$0$2,116,674
79$4,712,915$0$0$2,283,246
80$5,083,364$0$0$2,465,255
81$5,488,127$0$0$2,664,225
82$5,930,592$0$0$2,881,838
83$6,414,493$0$0$3,119,941
84$6,943,939$0$0$3,380,572
85$7,523,458$0$0$3,665,973
86$8,158,030$0$0$3,978,613
87$8,853,146$0$0$4,321,212
88$9,614,848$0$0$4,696,764
89$10,449,791$0$0$5,108,568
90$11,365,307$0$0$5,560,258
91$12,369,470$0$0$6,055,835
92$13,471,171$0$0$6,599,706
93$14,680,206$0$0$7,196,726
94$16,007,365$0$0$7,852,243
95$17,464,532$0$0$8,572,149
96$19,064,799$0$0$9,362,934
97$20,822,588$0$0$10,231,745
98$22,753,787$0$0$11,186,460
99$24,875,898$0$0$12,235,755
100$27,208,202$0$0$13,389,188