Can I retire at age 53 with 861,000?

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 $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%14.3%
1 years$71,101$70,467$69,849$69,246$68,657$67,437
2 years$35,198$34,543$33,907$33,291$32,694$31,468
3 years$23,232$22,574$21,940$21,330$20,742$19,550
4 years$17,251$16,594$15,967$15,367$14,794$13,644
5 years$13,663$13,010$12,391$11,803$11,246$10,142
6 years$11,271$10,624$10,014$9,439$8,898$7,841
7 years$9,564$8,922$8,322$7,761$7,237$6,227
8 years$8,284$7,648$7,057$6,510$6,004$5,040
9 years$7,289$6,659$6,078$5,545$5,056$4,139
10 years$6,493$5,869$5,299$4,780$4,308$3,437
11 years$5,843$5,225$4,665$4,160$3,705$2,878
12 years$5,301$4,690$4,140$3,649$3,211$2,428
13 years$4,843$4,238$3,699$3,221$2,800$2,059
14 years$4,451$3,852$3,324$2,860$2,454$1,755
15 years$4,111$3,519$3,001$2,550$2,161$1,501
16 years$3,815$3,229$2,721$2,284$1,910$1,288
17 years$3,553$2,974$2,476$2,052$1,693$1,108
18 years$3,321$2,748$2,260$1,849$1,506$956
19 years$3,113$2,547$2,069$1,671$1,342$826
20 years$2,926$2,366$1,899$1,513$1,199$715
21 years$2,758$2,204$1,747$1,373$1,073$620
22 years$2,605$2,058$1,610$1,249$962$538
23 years$2,465$1,924$1,486$1,137$863$467
24 years$2,337$1,803$1,375$1,037$776$406
25 years$2,220$1,692$1,273$947$698$354
26 years$2,112$1,590$1,181$866$629$308
27 years$2,012$1,497$1,096$793$567$268
28 years$1,919$1,410$1,019$726$512$234
29 years$1,833$1,330$949$666$462$204
30 years$1,753$1,256$884$611$417$178
31 years$1,678$1,188$824$561$377$156
32 years$1,608$1,124$769$516$341$136
33 years$1,542$1,064$718$474$309$119
34 years$1,480$1,009$670$437$280$104
35 years$1,422$957$627$402$253$91
36 years$1,367$908$586$370$230$79
37 years$1,316$862$549$341$208$69
38 years$1,267$820$514$314$189$60
39 years$1,221$779$482$290$171$53
40 years$1,177$742$451$267$155$46
41 years$1,136$706$423$247$141$40
42 years$1,096$672$397$228$128$35
43 years$1,059$641$373$210$116$31
44 years$1,023$611$350$194$105$27
45 years$989$582$328$179$96$24
46 years$957$555$308$165$87$21
47 years$926$530$290$153$79$18
48 years$896$506$272$141$72$16
49 years$868$483$256$131$65$14
50 years$841$462$241$121$59$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $861,000, adding $6,883 every year, while hoping to spend $37,960 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: 24/49/27 Blend
52$861,000$861,000$861,000$861,000
53$955,922$910,289$896,943$970,599
54$1,013,037$914,504$886,602$987,718
55$1,074,705$917,653$874,642$1,002,382
56$1,141,351$919,644$860,968$1,017,292
57$1,213,442$920,380$845,483$1,032,494
58$1,291,489$919,754$828,083$1,048,039
59$1,376,057$917,658$808,660$1,063,991
60$1,467,765$913,974$787,100$1,080,422
61$1,567,295$908,576$763,286$1,097,414
62$1,675,396$901,334$737,093$1,115,064
63$1,792,893$892,106$708,393$1,133,481
64$1,920,693$880,744$677,048$1,152,792
65$2,059,793$867,090$642,919$1,173,139
66$2,211,292$850,978$605,857$1,194,687
67$2,376,399$832,230$565,708$1,217,620
68$2,556,442$810,660$522,310$1,242,150
69$2,752,885$786,068$475,493$1,268,514
70$2,967,340$758,246$425,083$1,296,982
71$3,201,579$726,971$370,894$1,327,857
72$3,457,555$692,008$312,734$1,361,481
73$3,737,418$653,108$250,403$1,398,239
74$4,043,533$610,009$183,689$1,438,563
75$4,378,506$562,432$112,376$1,482,938
76$4,745,206$510,083$36,233$1,531,908
77$5,146,792$452,653$0$1,586,083
78$5,586,744$389,812$0$1,659,116
79$6,068,893$321,213$0$1,750,781
80$6,597,458$246,491$0$1,851,556
81$7,177,088$165,258$0$1,962,471
82$7,812,900$77,105$0$2,084,668
83$8,510,534$0$0$2,219,416
84$9,276,198$0$0$2,378,044
85$10,116,735$0$0$2,597,977
86$11,039,678$0$0$2,839,629
87$12,053,330$0$0$3,105,196
88$13,166,834$0$0$3,397,091
89$14,390,263$0$0$3,717,977
90$15,734,714$0$0$4,070,787
91$17,212,414$0$0$4,458,751
92$18,836,832$0$0$4,885,429
93$20,622,805$0$0$5,354,743
94$22,586,684$0$0$5,871,012
95$24,746,479$0$0$6,439,000
96$27,122,036$0$0$7,063,949
97$29,735,219$0$0$7,751,642
98$32,610,119$0$0$8,508,444
99$35,773,279$0$0$9,341,374
100$39,253,944$0$0$10,258,162