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%13.8%
1 years$70,935$70,304$69,687$69,085$68,498$67,419
2 years$35,117$34,463$33,829$33,214$32,618$31,533
3 years$23,178$22,522$21,889$21,281$20,694$19,638
4 years$17,211$16,556$15,930$15,331$14,759$13,740
5 years$13,631$12,980$12,362$11,776$11,220$10,240
6 years$11,245$10,599$9,991$9,417$8,878$7,939
7 years$9,542$8,901$8,302$7,743$7,220$6,322
8 years$8,265$7,630$7,041$6,495$5,990$5,132
9 years$7,272$6,643$6,064$5,532$5,044$4,227
10 years$6,478$5,856$5,287$4,769$4,298$3,521
11 years$5,829$5,213$4,655$4,150$3,696$2,958
12 years$5,289$4,679$4,131$3,640$3,203$2,503
13 years$4,832$4,228$3,691$3,214$2,793$2,130
14 years$4,441$3,843$3,316$2,853$2,449$1,821
15 years$4,102$3,511$2,994$2,544$2,156$1,563
16 years$3,806$3,221$2,714$2,278$1,905$1,346
17 years$3,545$2,967$2,470$2,047$1,689$1,162
18 years$3,313$2,741$2,255$1,845$1,502$1,006
19 years$3,106$2,541$2,064$1,667$1,339$873
20 years$2,919$2,361$1,894$1,510$1,196$758
21 years$2,751$2,199$1,742$1,370$1,070$660
22 years$2,598$2,053$1,606$1,246$959$575
23 years$2,459$1,920$1,483$1,135$861$501
24 years$2,332$1,799$1,371$1,035$774$438
25 years$2,215$1,688$1,270$945$696$382
26 years$2,107$1,587$1,178$864$627$334
27 years$2,007$1,493$1,094$791$566$293
28 years$1,915$1,407$1,017$725$510$256
29 years$1,829$1,327$946$665$461$224
30 years$1,749$1,254$881$610$416$197
31 years$1,674$1,185$822$560$376$172
32 years$1,604$1,121$767$515$341$151
33 years$1,538$1,062$716$473$308$132
34 years$1,477$1,006$669$436$279$116
35 years$1,419$955$625$401$253$102
36 years$1,364$906$585$369$229$89
37 years$1,313$860$548$340$208$79
38 years$1,264$818$513$314$188$69
39 years$1,218$778$480$289$171$61
40 years$1,174$740$450$267$155$53
41 years$1,133$704$422$246$140$47
42 years$1,094$671$396$227$127$41
43 years$1,056$639$372$210$116$36
44 years$1,021$609$349$194$105$32
45 years$987$581$328$179$95$28
46 years$954$554$308$165$87$24
47 years$923$529$289$153$79$21
48 years$894$505$272$141$71$19
49 years$866$482$255$130$65$17
50 years$839$461$240$120$59$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $859,000, adding $2,730 every year, while hoping to spend $31,765 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: 39/36/25 Blend
52$859,000$859,000$859,000$859,000
53$949,434$903,907$890,592$979,321
54$1,012,479$914,401$886,630$1,011,764
55$1,080,889$924,344$881,469$1,043,657
56$1,155,179$933,676$875,038$1,077,520
57$1,235,914$942,333$867,259$1,113,552
58$1,323,716$950,246$858,050$1,151,974
59$1,419,268$957,341$847,328$1,193,028
60$1,523,323$963,541$835,003$1,236,988
61$1,636,709$968,762$820,983$1,284,153
62$1,760,338$972,916$805,171$1,334,856
63$1,895,213$975,909$787,464$1,389,468
64$2,042,438$977,641$767,757$1,448,397
65$2,203,228$978,007$745,938$1,512,097
66$2,378,921$976,893$721,891$1,581,071
67$2,570,990$974,179$695,493$1,655,875
68$2,781,056$969,740$666,618$1,737,125
69$3,010,906$963,439$635,132$1,825,504
70$3,262,505$955,135$600,896$1,921,766
71$3,538,019$944,675$563,764$2,026,747
72$3,839,832$931,898$523,585$2,141,372
73$4,170,569$916,635$480,199$2,266,665
74$4,533,122$898,705$433,440$2,403,757
75$4,930,675$877,917$383,136$2,553,900
76$5,366,737$854,068$329,104$2,718,478
77$5,845,171$826,944$271,156$2,899,023
78$6,370,233$796,319$209,094$3,097,226
79$6,946,610$761,952$142,712$3,314,959
80$7,579,466$723,589$71,794$3,554,289
81$8,274,488$680,962$0$3,817,502
82$9,037,943$633,786$0$4,108,159
83$9,876,734$581,762$0$4,448,520
84$10,798,464$524,572$0$4,822,560
85$11,811,511$461,879$0$5,233,752
86$12,925,104$393,331$0$5,685,929
87$14,149,412$318,551$0$6,183,319
88$15,495,637$237,145$0$6,730,587
89$16,976,120$148,693$0$7,332,878
90$18,604,461$52,755$0$7,995,869
91$20,395,640$0$0$8,725,823
92$22,366,166$0$0$9,549,904
93$24,534,227$0$0$10,479,720
94$26,919,860$0$0$11,502,983
95$29,545,147$0$0$12,629,180
96$32,434,417$0$0$13,868,765
97$35,614,475$0$0$15,233,257
98$39,114,860$0$0$16,735,349
99$42,968,116$0$0$18,389,025
100$47,210,107$0$0$20,209,697