Can I retire at age 53 with 859,000?

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 $859,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$70,935$70,304$69,687$69,085$68,498$65,832
2 years$35,117$34,463$33,829$33,214$32,618$29,965
3 years$23,178$22,522$21,889$21,281$20,694$18,137
4 years$17,211$16,556$15,930$15,331$14,759$12,317
5 years$13,631$12,980$12,362$11,776$11,220$8,899
6 years$11,245$10,599$9,991$9,417$8,878$6,680
7 years$9,542$8,901$8,302$7,743$7,220$5,144
8 years$8,265$7,630$7,041$6,495$5,990$4,034
9 years$7,272$6,643$6,064$5,532$5,044$3,206
10 years$6,478$5,856$5,287$4,769$4,298$2,574
11 years$5,829$5,213$4,655$4,150$3,696$2,082
12 years$5,289$4,679$4,131$3,640$3,203$1,695
13 years$4,832$4,228$3,691$3,214$2,793$1,386
14 years$4,441$3,843$3,316$2,853$2,449$1,138
15 years$4,102$3,511$2,994$2,544$2,156$937
16 years$3,806$3,221$2,714$2,278$1,905$774
17 years$3,545$2,967$2,470$2,047$1,689$640
18 years$3,313$2,741$2,255$1,845$1,502$530
19 years$3,106$2,541$2,064$1,667$1,339$440
20 years$2,919$2,361$1,894$1,510$1,196$366
21 years$2,751$2,199$1,742$1,370$1,070$304
22 years$2,598$2,053$1,606$1,246$959$253
23 years$2,459$1,920$1,483$1,135$861$211
24 years$2,332$1,799$1,371$1,035$774$176
25 years$2,215$1,688$1,270$945$696$146
26 years$2,107$1,587$1,178$864$627$122
27 years$2,007$1,493$1,094$791$566$102
28 years$1,915$1,407$1,017$725$510$85
29 years$1,829$1,327$946$665$461$71
30 years$1,749$1,254$881$610$416$59
31 years$1,674$1,185$822$560$376$49
32 years$1,604$1,121$767$515$341$41
33 years$1,538$1,062$716$473$308$34
34 years$1,477$1,006$669$436$279$29
35 years$1,419$955$625$401$253$24
36 years$1,364$906$585$369$229$20
37 years$1,313$860$548$340$208$17
38 years$1,264$818$513$314$188$14
39 years$1,218$778$480$289$171$12
40 years$1,174$740$450$267$155$10
41 years$1,133$704$422$246$140$8
42 years$1,094$671$396$227$127$7
43 years$1,056$639$372$210$116$6
44 years$1,021$609$349$194$105$5
45 years$987$581$328$179$95$4
46 years$954$554$308$165$87$3
47 years$923$529$289$153$79$3
48 years$894$505$272$141$71$2
49 years$866$482$255$130$65$2
50 years$839$461$240$120$59$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $859,000, adding $2,793 every year, while hoping to spend $59,938 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: 59/33/8 Blend
52$859,000$859,000$859,000$859,000
53$949,499$903,972$890,657$1,003,685
54$982,574$884,493$856,721$1,020,909
55$1,017,014$862,051$819,639$1,032,625
56$1,052,895$836,437$779,242$1,043,911
57$1,090,299$807,430$735,355$1,054,729
58$1,129,312$774,797$687,792$1,065,040
59$1,170,031$738,292$636,362$1,074,805
60$1,212,558$697,651$580,864$1,083,983
61$1,257,002$652,599$521,086$1,092,533
62$1,303,484$602,844$456,810$1,100,414
63$1,352,132$548,077$387,806$1,107,584
64$1,403,087$487,970$313,835$1,114,000
65$1,456,500$422,178$234,646$1,119,622
66$1,512,535$350,337$149,979$1,124,409
67$1,571,371$272,062$59,561$1,128,321
68$1,633,203$186,944$0$1,131,320
69$1,698,239$94,554$0$1,136,523
70$1,766,711$0$0$1,146,373
71$1,838,868$0$0$1,157,797
72$1,914,980$0$0$1,206,094
73$1,995,346$0$0$1,257,118
74$2,080,287$0$0$1,311,078
75$2,170,157$0$0$1,368,203
76$2,265,341$0$0$1,428,742
77$2,366,259$0$0$1,492,967
78$2,473,371$0$0$1,561,175
79$2,587,180$0$0$1,633,692
80$2,708,236$0$0$1,710,873
81$2,837,139$0$0$1,793,110
82$2,974,550$0$0$1,880,828
83$3,121,189$0$0$1,974,496
84$3,277,848$0$0$2,074,624
85$3,445,392$0$0$2,181,776
86$3,624,771$0$0$2,296,567
87$3,817,028$0$0$2,419,673
88$4,023,304$0$0$2,551,834
89$4,244,854$0$0$2,693,864
90$4,483,055$0$0$2,846,656
91$4,739,416$0$0$3,011,191
92$5,015,597$0$0$3,188,545
93$5,313,421$0$0$3,379,900
94$5,634,889$0$0$3,586,557
95$5,982,201$0$0$3,809,942
96$6,357,775$0$0$4,051,626
97$6,764,267$0$0$4,313,334
98$7,204,598$0$0$4,596,962
99$7,681,979$0$0$4,904,595
100$8,199,942$0$0$5,238,527