Can I retire at age 53 with 862,000?

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 $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%16.9%
1 years$71,183$70,549$69,930$69,327$68,737$66,805
2 years$35,239$34,583$33,947$33,330$32,732$30,800
3 years$23,259$22,600$21,966$21,355$20,766$18,895
4 years$17,271$16,614$15,986$15,385$14,811$13,015
5 years$13,678$13,025$12,405$11,817$11,259$9,543
6 years$11,284$10,636$10,025$9,450$8,909$7,274
7 years$9,575$8,932$8,331$7,770$7,245$5,692
8 years$8,294$7,657$7,065$6,518$6,011$4,539
9 years$7,297$6,666$6,086$5,552$5,062$3,669
10 years$6,501$5,876$5,305$4,786$4,313$2,998
11 years$5,850$5,231$4,671$4,165$3,709$2,470
12 years$5,307$4,695$4,145$3,653$3,214$2,048
13 years$4,849$4,243$3,704$3,225$2,803$1,707
14 years$4,456$3,857$3,328$2,863$2,457$1,429
15 years$4,116$3,523$3,004$2,553$2,163$1,200
16 years$3,819$3,233$2,724$2,286$1,912$1,011
17 years$3,557$2,977$2,479$2,054$1,695$854
18 years$3,324$2,751$2,263$1,851$1,507$723
19 years$3,117$2,550$2,071$1,673$1,344$613
20 years$2,930$2,369$1,901$1,515$1,200$520
21 years$2,761$2,207$1,749$1,375$1,074$442
22 years$2,608$2,060$1,612$1,250$963$376
23 years$2,468$1,927$1,488$1,138$864$320
24 years$2,340$1,805$1,376$1,038$777$273
25 years$2,222$1,694$1,275$948$699$232
26 years$2,114$1,592$1,182$867$630$198
27 years$2,014$1,498$1,098$794$568$169
28 years$1,921$1,412$1,020$727$512$144
29 years$1,835$1,332$950$667$462$123
30 years$1,755$1,258$885$612$418$105
31 years$1,680$1,189$825$562$378$90
32 years$1,609$1,125$769$517$342$77
33 years$1,544$1,066$718$475$309$66
34 years$1,482$1,010$671$437$280$56
35 years$1,424$958$628$402$254$48
36 years$1,369$909$587$371$230$41
37 years$1,317$863$549$341$208$35
38 years$1,269$821$515$315$189$30
39 years$1,222$780$482$290$171$26
40 years$1,178$742$452$268$155$22
41 years$1,137$707$424$247$141$19
42 years$1,097$673$397$228$128$16
43 years$1,060$641$373$210$116$14
44 years$1,024$611$350$194$105$12
45 years$990$583$329$179$96$10
46 years$958$556$309$166$87$9
47 years$927$531$290$153$79$7
48 years$897$507$273$141$72$6
49 years$869$484$256$131$65$5
50 years$842$462$241$121$59$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $862,000, adding $2,758 every year, while hoping to spend $50,527 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: 50/24/26 Blend
52$862,000$862,000$862,000$862,000
53$952,769$907,083$893,722$993,292
54$996,191$897,770$869,901$1,012,517
55$1,042,349$886,307$843,589$1,028,115
56$1,091,468$872,535$814,649$1,044,060
57$1,143,795$856,287$782,937$1,060,410
58$1,199,601$837,384$748,305$1,077,227
59$1,259,182$815,638$710,595$1,094,585
60$1,322,863$790,848$669,644$1,112,570
61$1,391,000$762,804$625,282$1,131,278
62$1,463,982$731,282$577,329$1,150,820
63$1,542,239$696,045$525,600$1,171,323
64$1,626,239$656,843$469,899$1,192,930
65$1,716,497$613,411$410,023$1,215,804
66$1,813,580$565,468$345,759$1,240,129
67$1,918,109$512,719$276,885$1,266,112
68$2,030,765$454,852$203,170$1,293,990
69$2,152,298$391,534$124,371$1,324,027
70$2,283,530$322,417$40,235$1,356,520
71$2,425,367$247,133$0$1,391,804
72$2,578,802$165,290$0$1,444,002
73$2,744,928$76,477$0$1,512,594
74$2,924,946$0$0$1,586,958
75$3,120,177$0$0$1,672,919
76$3,332,073$0$0$1,788,216
77$3,562,232$0$0$1,913,529
78$3,812,412$0$0$2,049,827
79$4,084,546$0$0$2,198,172
80$4,380,759$0$0$2,359,734
81$4,703,394$0$0$2,535,803
82$5,055,025$0$0$2,727,795
83$5,438,487$0$0$2,937,271
84$5,856,899$0$0$3,165,947
85$6,313,695$0$0$3,415,713
86$6,812,656$0$0$3,688,652
87$7,357,941$0$0$3,987,053
88$7,954,134$0$0$4,313,439
89$8,606,276$0$0$4,670,587
90$9,319,924$0$0$5,061,555
91$10,101,191$0$0$5,489,711
92$10,956,812$0$0$5,958,763
93$11,894,204$0$0$6,472,795
94$12,921,534$0$0$7,036,305
95$14,047,796$0$0$7,654,247
96$15,282,897$0$0$8,332,075
97$16,637,748$0$0$9,075,801
98$18,124,368$0$0$9,892,044
99$19,755,995$0$0$10,788,094
100$21,547,210$0$0$11,771,983