Can I retire at age 53 with 863,000?

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 $863,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$71,266$70,631$70,012$69,407$68,817$66,481
2 years$35,280$34,623$33,986$33,369$32,770$30,440
3 years$23,286$22,627$21,991$21,380$20,791$18,540
4 years$17,291$16,633$16,004$15,403$14,828$12,674
5 years$13,694$13,040$12,420$11,831$11,272$9,220
6 years$11,297$10,648$10,037$9,461$8,919$6,970
7 years$9,586$8,943$8,341$7,779$7,254$5,408
8 years$8,303$7,665$7,074$6,525$6,018$4,274
9 years$7,306$6,674$6,093$5,558$5,068$3,424
10 years$6,508$5,883$5,312$4,791$4,318$2,771
11 years$5,856$5,237$4,676$4,170$3,714$2,261
12 years$5,314$4,701$4,150$3,657$3,218$1,856
13 years$4,855$4,248$3,708$3,229$2,806$1,532
14 years$4,461$3,861$3,331$2,866$2,460$1,269
15 years$4,121$3,527$3,008$2,556$2,166$1,055
16 years$3,823$3,236$2,727$2,289$1,914$879
17 years$3,561$2,981$2,482$2,056$1,697$734
18 years$3,328$2,754$2,265$1,853$1,509$614
19 years$3,120$2,553$2,074$1,675$1,345$515
20 years$2,933$2,372$1,903$1,517$1,202$432
21 years$2,764$2,209$1,751$1,376$1,075$363
22 years$2,611$2,062$1,613$1,252$964$305
23 years$2,471$1,929$1,490$1,140$865$257
24 years$2,343$1,807$1,378$1,040$778$216
25 years$2,225$1,696$1,276$949$700$182
26 years$2,117$1,594$1,184$868$630$153
27 years$2,016$1,500$1,099$795$568$129
28 years$1,923$1,414$1,022$728$513$109
29 years$1,837$1,334$951$668$463$92
30 years$1,757$1,259$886$613$418$78
31 years$1,682$1,191$826$563$378$65
32 years$1,611$1,126$770$517$342$55
33 years$1,546$1,067$719$476$310$47
34 years$1,484$1,011$672$438$280$39
35 years$1,425$959$628$403$254$33
36 years$1,371$910$588$371$230$28
37 years$1,319$864$550$342$209$24
38 years$1,270$822$515$315$189$20
39 years$1,224$781$483$290$171$17
40 years$1,180$743$452$268$155$14
41 years$1,138$708$424$247$141$12
42 years$1,099$674$398$228$128$10
43 years$1,061$642$373$211$116$9
44 years$1,025$612$350$194$105$7
45 years$991$584$329$180$96$6
46 years$959$557$309$166$87$5
47 years$928$531$290$153$79$4
48 years$898$507$273$142$72$4
49 years$870$484$256$131$65$3
50 years$843$463$241$121$59$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $863,000, adding $5,037 every year, while hoping to spend $25,612 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: 46/33/21 Blend
52$863,000$863,000$863,000$863,000
53$956,222$910,483$897,106$994,249
54$1,026,505$927,845$899,908$1,038,771
55$1,103,099$945,200$901,946$1,084,108
56$1,186,621$962,520$903,166$1,132,769
57$1,277,748$979,776$903,514$1,185,076
58$1,377,228$996,934$902,932$1,241,384
59$1,485,883$1,013,962$901,358$1,302,085
60$1,604,619$1,030,822$898,729$1,367,610
61$1,734,432$1,047,474$894,978$1,438,438
62$1,876,419$1,063,875$890,035$1,515,094
63$2,031,788$1,079,980$883,826$1,598,158
64$2,201,871$1,095,739$876,274$1,688,272
65$2,388,131$1,111,100$867,299$1,786,143
66$2,592,183$1,126,006$856,815$1,892,550
67$2,815,802$1,140,397$844,735$2,008,355
68$3,060,946$1,154,208$830,966$2,134,506
69$3,329,769$1,167,372$815,410$2,272,051
70$3,624,646$1,179,813$797,967$2,422,147
71$3,948,190$1,191,454$778,529$2,586,068
72$4,303,281$1,202,211$756,985$2,765,220
73$4,693,091$1,211,995$733,220$2,961,157
74$5,121,115$1,220,710$707,111$3,175,590
75$5,591,200$1,228,257$678,531$3,410,407
76$6,107,588$1,234,527$647,347$3,667,693
77$6,674,950$1,239,407$613,421$3,949,744
78$7,298,430$1,242,773$576,606$4,259,097
79$7,983,698$1,244,497$536,750$4,598,547
80$8,737,000$1,244,442$493,696$4,971,178
81$9,565,216$1,242,462$447,277$5,380,392
82$10,475,927$1,238,401$397,320$5,829,941
83$11,477,485$1,232,096$343,643$6,323,961
84$12,579,091$1,223,372$286,058$6,867,017
85$13,790,885$1,212,044$224,367$7,464,142
86$15,124,037$1,197,915$158,365$8,120,885
87$16,590,854$1,180,778$87,836$8,843,367
88$18,204,898$1,160,413$12,555$9,638,337
89$19,981,110$1,136,586$0$10,513,239
90$21,935,954$1,109,050$0$11,491,467
91$24,087,571$1,077,543$0$12,570,872
92$26,455,948$1,041,788$0$13,758,675
93$29,063,110$1,001,491$0$15,065,939
94$31,933,326$956,342$0$16,504,856
95$35,093,335$906,013$0$18,088,870
96$38,572,604$850,156$0$19,832,795
97$42,403,601$788,405$0$21,752,964
98$46,622,102$720,370$0$23,867,376
99$51,267,530$645,642$0$26,195,874
100$56,383,325$563,786$0$28,760,328