Can I retire at age 53 with 861,000?

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 $861,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$71,101$70,467$69,849$69,246$68,657$65,933
2 years$35,198$34,543$33,907$33,291$32,694$29,983
3 years$23,232$22,574$21,940$21,330$20,742$18,130
4 years$17,251$16,594$15,967$15,367$14,794$12,300
5 years$13,663$13,010$12,391$11,803$11,246$8,878
6 years$11,271$10,624$10,014$9,439$8,898$6,657
7 years$9,564$8,922$8,322$7,761$7,237$5,121
8 years$8,284$7,648$7,057$6,510$6,004$4,011
9 years$7,289$6,659$6,078$5,545$5,056$3,184
10 years$6,493$5,869$5,299$4,780$4,308$2,553
11 years$5,843$5,225$4,665$4,160$3,705$2,062
12 years$5,301$4,690$4,140$3,649$3,211$1,676
13 years$4,843$4,238$3,699$3,221$2,800$1,369
14 years$4,451$3,852$3,324$2,860$2,454$1,122
15 years$4,111$3,519$3,001$2,550$2,161$923
16 years$3,815$3,229$2,721$2,284$1,910$761
17 years$3,553$2,974$2,476$2,052$1,693$629
18 years$3,321$2,748$2,260$1,849$1,506$520
19 years$3,113$2,547$2,069$1,671$1,342$431
20 years$2,926$2,366$1,899$1,513$1,199$357
21 years$2,758$2,204$1,747$1,373$1,073$297
22 years$2,605$2,058$1,610$1,249$962$247
23 years$2,465$1,924$1,486$1,137$863$205
24 years$2,337$1,803$1,375$1,037$776$171
25 years$2,220$1,692$1,273$947$698$142
26 years$2,112$1,590$1,181$866$629$118
27 years$2,012$1,497$1,096$793$567$98
28 years$1,919$1,410$1,019$726$512$82
29 years$1,833$1,330$949$666$462$68
30 years$1,753$1,256$884$611$417$57
31 years$1,678$1,188$824$561$377$47
32 years$1,608$1,124$769$516$341$40
33 years$1,542$1,064$718$474$309$33
34 years$1,480$1,009$670$437$280$27
35 years$1,422$957$627$402$253$23
36 years$1,367$908$586$370$230$19
37 years$1,316$862$549$341$208$16
38 years$1,267$820$514$314$189$13
39 years$1,221$779$482$290$171$11
40 years$1,177$742$451$267$155$9
41 years$1,136$706$423$247$141$8
42 years$1,096$672$397$228$128$6
43 years$1,059$641$373$210$116$5
44 years$1,023$611$350$194$105$4
45 years$989$582$328$179$96$4
46 years$957$555$308$165$87$3
47 years$926$530$290$153$79$3
48 years$896$506$272$141$72$2
49 years$868$483$256$131$65$2
50 years$841$462$241$121$59$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $861,000, adding $2,110 every year, while hoping to spend $37,746 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: 60/16/24 Blend
52$861,000$861,000$861,000$861,000
53$950,998$905,365$892,020$1,001,846
54$1,007,839$909,567$881,741$1,040,847
55$1,069,212$912,709$869,853$1,079,103
56$1,135,540$914,700$856,262$1,120,023
57$1,207,288$915,443$840,869$1,163,873
58$1,284,965$914,834$823,572$1,210,948
59$1,369,133$912,763$804,264$1,261,573
60$1,460,409$909,113$782,831$1,316,110
61$1,559,472$903,760$759,156$1,374,957
62$1,667,067$896,573$733,117$1,438,555
63$1,784,015$887,413$704,584$1,507,392
64$1,911,220$876,131$673,423$1,582,006
65$2,049,675$862,572$639,493$1,662,993
66$2,200,472$846,568$602,646$1,751,012
67$2,364,815$827,945$562,730$1,846,791
68$2,544,029$806,517$519,583$1,951,134
69$2,739,568$782,085$473,038$2,064,930
70$2,953,039$754,441$422,920$2,189,160
71$3,186,205$723,366$369,044$2,324,911
72$3,441,011$688,624$311,220$2,473,380
73$3,719,597$649,969$249,248$2,635,892
74$4,024,318$607,139$182,920$2,813,909
75$4,357,767$559,858$112,017$3,009,045
76$4,722,803$507,834$36,313$3,223,083
77$5,122,568$450,758$0$3,457,994
78$5,560,529$388,303$0$3,727,341
79$6,040,498$320,125$0$4,032,798
80$6,566,677$245,860$0$4,367,774
81$7,143,693$165,122$0$4,735,261
82$7,776,642$77,505$0$5,138,562
83$8,471,136$0$0$5,581,314
84$9,233,360$0$0$6,070,597
85$10,070,122$0$0$6,622,777
86$10,988,926$0$0$7,229,169
87$11,998,034$0$0$7,895,235
88$13,106,551$0$0$8,626,994
89$14,324,505$0$0$9,431,075
90$15,662,945$0$0$10,314,782
91$17,134,042$0$0$11,286,163
92$18,751,205$0$0$12,354,081
93$20,529,208$0$0$13,528,303
94$22,484,327$0$0$14,819,591
95$24,634,494$0$0$16,239,800
96$26,999,466$0$0$17,801,990
97$29,601,011$0$0$19,520,555
98$32,463,113$0$0$21,411,351
99$35,612,198$0$0$23,491,848
100$39,077,381$0$0$25,781,296