Can I retire at age 53 with 862,000?

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 $862,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$71,183$70,549$69,930$69,327$68,737$66,272
2 years$35,239$34,583$33,947$33,330$32,732$30,275
3 years$23,259$22,600$21,966$21,355$20,766$18,395
4 years$17,271$16,614$15,986$15,385$14,811$12,543
5 years$13,678$13,025$12,405$11,817$11,259$9,100
6 years$11,284$10,636$10,025$9,450$8,909$6,861
7 years$9,575$8,932$8,331$7,770$7,245$5,309
8 years$8,294$7,657$7,065$6,518$6,011$4,183
9 years$7,297$6,666$6,086$5,552$5,062$3,341
10 years$6,501$5,876$5,305$4,786$4,313$2,695
11 years$5,850$5,231$4,671$4,165$3,709$2,192
12 years$5,307$4,695$4,145$3,653$3,214$1,794
13 years$4,849$4,243$3,704$3,225$2,803$1,475
14 years$4,456$3,857$3,328$2,863$2,457$1,218
15 years$4,116$3,523$3,004$2,553$2,163$1,009
16 years$3,819$3,233$2,724$2,286$1,912$838
17 years$3,557$2,977$2,479$2,054$1,695$697
18 years$3,324$2,751$2,263$1,851$1,507$581
19 years$3,117$2,550$2,071$1,673$1,344$485
20 years$2,930$2,369$1,901$1,515$1,200$406
21 years$2,761$2,207$1,749$1,375$1,074$339
22 years$2,608$2,060$1,612$1,250$963$284
23 years$2,468$1,927$1,488$1,138$864$238
24 years$2,340$1,805$1,376$1,038$777$200
25 years$2,222$1,694$1,275$948$699$167
26 years$2,114$1,592$1,182$867$630$141
27 years$2,014$1,498$1,098$794$568$118
28 years$1,921$1,412$1,020$727$512$99
29 years$1,835$1,332$950$667$462$83
30 years$1,755$1,258$885$612$418$70
31 years$1,680$1,189$825$562$378$59
32 years$1,609$1,125$769$517$342$49
33 years$1,544$1,066$718$475$309$42
34 years$1,482$1,010$671$437$280$35
35 years$1,424$958$628$402$254$29
36 years$1,369$909$587$371$230$25
37 years$1,317$863$549$341$208$21
38 years$1,269$821$515$315$189$17
39 years$1,222$780$482$290$171$15
40 years$1,178$742$452$268$155$12
41 years$1,137$707$424$247$141$10
42 years$1,097$673$397$228$128$9
43 years$1,060$641$373$210$116$7
44 years$1,024$611$350$194$105$6
45 years$990$583$329$179$96$5
46 years$958$556$309$166$87$4
47 years$927$531$290$153$79$4
48 years$897$507$273$141$72$3
49 years$869$484$256$131$65$3
50 years$842$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 $862,000, adding $6,060 every year, while hoping to spend $38,779 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: 61/25/14 Blend
52$862,000$862,000$862,000$862,000
53$956,175$910,489$897,128$1,010,846
54$1,012,444$913,842$885,921$1,051,690
55$1,073,153$916,060$873,039$1,091,321
56$1,138,714$917,046$858,385$1,133,637
57$1,209,579$916,698$841,857$1,178,900
58$1,286,246$914,906$823,349$1,227,402
59$1,369,261$911,555$802,750$1,279,464
60$1,459,227$906,521$779,943$1,335,441
61$1,556,803$899,676$754,806$1,395,725
62$1,662,717$890,881$727,212$1,460,751
63$1,777,769$879,988$697,028$1,531,000
64$1,902,838$866,844$664,115$1,607,000
65$2,038,891$851,284$628,327$1,689,339
66$2,186,994$833,132$589,512$1,778,665
67$2,348,318$812,206$547,511$1,875,695
68$2,524,151$788,310$502,158$1,981,218
69$2,715,913$761,235$453,279$2,096,111
70$2,925,166$730,765$400,693$2,221,339
71$3,153,627$696,667$344,210$2,357,970
72$3,403,189$658,696$283,634$2,507,182
73$3,675,936$616,593$218,757$2,670,279
74$3,974,159$570,084$149,363$2,848,699
75$4,300,385$518,880$75,228$3,044,030
76$4,657,392$462,673$0$3,258,028
77$5,048,243$401,141$0$3,493,212
78$5,476,309$333,942$0$3,763,169
79$5,945,301$260,714$0$4,059,052
80$6,459,308$181,075$0$4,383,507
81$7,022,833$94,623$0$4,739,457
82$7,640,835$933$0$5,130,123
83$8,318,776$0$0$5,559,059
84$9,062,672$0$0$6,057,817
85$9,879,149$0$0$6,605,589
86$10,775,508$0$0$7,207,026
87$11,759,790$0$0$7,867,530
88$12,840,851$0$0$8,593,055
89$14,028,449$0$0$9,390,160
90$15,333,335$0$0$10,266,069
91$16,767,349$0$0$11,228,740
92$18,343,538$0$0$12,286,944
93$20,076,275$0$0$13,450,340
94$21,981,394$0$0$14,729,571
95$24,076,341$0$0$16,136,364
96$26,380,338$0$0$17,683,637
97$28,914,562$0$0$19,385,626
98$31,702,344$0$0$21,258,012
99$34,769,392$0$0$23,318,076
100$38,144,032$0$0$25,584,856