Can I retire at age 53 with 860,000?

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 $860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$71,018$70,385$69,768$69,166$68,578$68,003
2 years$35,157$34,503$33,868$33,253$32,656$32,077
3 years$23,205$22,548$21,915$21,305$20,718$20,153
4 years$17,231$16,575$15,948$15,349$14,776$14,229
5 years$13,647$12,995$12,377$11,790$11,233$10,704
6 years$11,258$10,611$10,002$9,428$8,888$8,380
7 years$9,553$8,911$8,312$7,752$7,228$6,740
8 years$8,274$7,639$7,049$6,503$5,997$5,529
9 years$7,280$6,651$6,071$5,539$5,050$4,602
10 years$6,486$5,862$5,293$4,774$4,303$3,875
11 years$5,836$5,219$4,660$4,155$3,701$3,292
12 years$5,295$4,684$4,136$3,645$3,207$2,818
13 years$4,838$4,233$3,695$3,218$2,796$2,426
14 years$4,446$3,848$3,320$2,856$2,451$2,099
15 years$4,107$3,515$2,997$2,547$2,158$1,824
16 years$3,810$3,225$2,718$2,281$1,908$1,591
17 years$3,549$2,970$2,473$2,049$1,691$1,391
18 years$3,317$2,745$2,257$1,847$1,504$1,220
19 years$3,109$2,544$2,067$1,669$1,340$1,072
20 years$2,923$2,364$1,897$1,511$1,197$944
21 years$2,754$2,202$1,745$1,372$1,071$832
22 years$2,601$2,055$1,608$1,247$960$735
23 years$2,462$1,922$1,485$1,136$862$650
24 years$2,334$1,801$1,373$1,036$775$576
25 years$2,217$1,690$1,272$946$697$510
26 years$2,109$1,588$1,179$865$628$452
27 years$2,009$1,495$1,095$792$566$401
28 years$1,917$1,409$1,018$725$511$357
29 years$1,831$1,329$947$665$461$317
30 years$1,751$1,255$882$611$417$282
31 years$1,676$1,186$823$561$377$251
32 years$1,606$1,123$768$515$341$223
33 years$1,540$1,063$717$474$309$199
34 years$1,479$1,008$670$436$279$177
35 years$1,421$956$626$401$253$158
36 years$1,366$907$586$370$229$140
37 years$1,314$861$548$341$208$125
38 years$1,266$819$513$314$188$112
39 years$1,219$779$481$289$171$99
40 years$1,176$741$451$267$155$89
41 years$1,134$705$423$246$141$79
42 years$1,095$671$397$227$128$71
43 years$1,057$640$372$210$116$63
44 years$1,022$610$349$194$105$56
45 years$988$582$328$179$95$50
46 years$955$555$308$165$87$45
47 years$925$529$289$153$79$40
48 years$895$505$272$141$71$36
49 years$867$483$256$130$65$32
50 years$840$461$240$121$59$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $860,000, adding $5,092 every year, while hoping to spend $22,151 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: 53/40/7 Blend
52$860,000$860,000$860,000$860,000
53$952,972$907,392$894,062$1,001,617
54$1,026,607$928,286$900,445$1,056,043
55$1,107,010$949,461$906,299$1,112,368
56$1,194,848$970,908$911,583$1,173,111
57$1,290,856$992,616$916,255$1,238,692
58$1,395,842$1,014,573$920,268$1,309,575
59$1,510,696$1,036,765$923,575$1,386,272
60$1,636,399$1,059,178$926,126$1,469,344
61$1,774,028$1,081,794$927,868$1,559,412
62$1,924,774$1,104,597$928,746$1,657,158
63$2,089,944$1,127,565$928,702$1,763,334
64$2,270,979$1,150,677$927,675$1,878,768
65$2,469,469$1,173,910$925,602$2,004,373
66$2,687,159$1,197,236$922,414$2,141,154
67$2,925,977$1,220,629$918,043$2,290,219
68$3,188,044$1,244,056$912,414$2,452,789
69$3,475,695$1,267,486$905,451$2,630,209
70$3,791,505$1,290,881$897,072$2,823,961
71$4,138,307$1,314,204$887,193$3,035,678
72$4,519,226$1,337,411$875,725$3,267,162
73$4,937,701$1,360,458$862,576$3,520,394
74$5,397,522$1,383,296$847,648$3,797,562
75$5,902,864$1,405,872$830,839$4,101,074
76$6,458,327$1,428,131$812,044$4,433,586
77$7,068,979$1,450,012$791,149$4,798,024
78$7,740,402$1,471,450$768,040$5,197,614
79$8,478,748$1,492,375$742,594$5,635,911
80$9,290,792$1,512,714$714,683$6,116,831
81$10,184,003$1,532,387$684,175$6,644,693
82$11,166,605$1,551,308$650,929$7,224,257
83$12,247,664$1,569,388$614,800$7,860,767
84$13,437,166$1,586,528$575,636$8,560,005
85$14,746,115$1,602,625$533,278$9,328,343
86$16,186,635$1,617,570$487,559$10,172,804
87$17,772,085$1,631,244$438,305$11,101,128
88$19,517,185$1,643,522$385,336$12,121,848
89$21,438,154$1,654,271$328,461$13,244,367
90$23,552,863$1,663,348$267,482$14,479,048
91$25,881,006$1,670,603$202,193$15,837,316
92$28,444,280$1,675,874$132,378$17,331,761
93$31,266,596$1,678,991$57,812$18,976,260
94$34,374,299$1,679,772$0$20,786,107
95$37,796,422$1,678,025$0$22,779,785
96$41,564,953$1,673,544$0$24,978,963
97$45,715,142$1,666,113$0$27,399,814
98$50,285,835$1,655,500$0$30,064,930
99$55,319,831$1,641,461$0$32,999,206
100$60,864,298$1,623,736$0$36,230,081