Can I retire at age 53 with 863,000?

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 $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%19%
1 years$71,266$70,631$70,012$69,407$68,817$66,322
2 years$35,280$34,623$33,986$33,369$32,770$30,284
3 years$23,286$22,627$21,991$21,380$20,791$18,392
4 years$17,291$16,633$16,004$15,403$14,828$12,534
5 years$13,694$13,040$12,420$11,831$11,272$9,089
6 years$11,297$10,648$10,037$9,461$8,919$6,849
7 years$9,586$8,943$8,341$7,779$7,254$5,296
8 years$8,303$7,665$7,074$6,525$6,018$4,171
9 years$7,306$6,674$6,093$5,558$5,068$3,329
10 years$6,508$5,883$5,312$4,791$4,318$2,684
11 years$5,856$5,237$4,676$4,170$3,714$2,181
12 years$5,314$4,701$4,150$3,657$3,218$1,784
13 years$4,855$4,248$3,708$3,229$2,806$1,466
14 years$4,461$3,861$3,331$2,866$2,460$1,209
15 years$4,121$3,527$3,008$2,556$2,166$1,001
16 years$3,823$3,236$2,727$2,289$1,914$831
17 years$3,561$2,981$2,482$2,056$1,697$691
18 years$3,328$2,754$2,265$1,853$1,509$575
19 years$3,120$2,553$2,074$1,675$1,345$480
20 years$2,933$2,372$1,903$1,517$1,202$401
21 years$2,764$2,209$1,751$1,376$1,075$335
22 years$2,611$2,062$1,613$1,252$964$281
23 years$2,471$1,929$1,490$1,140$865$235
24 years$2,343$1,807$1,378$1,040$778$197
25 years$2,225$1,696$1,276$949$700$165
26 years$2,117$1,594$1,184$868$630$138
27 years$2,016$1,500$1,099$795$568$116
28 years$1,923$1,414$1,022$728$513$97
29 years$1,837$1,334$951$668$463$82
30 years$1,757$1,259$886$613$418$69
31 years$1,682$1,191$826$563$378$58
32 years$1,611$1,126$770$517$342$48
33 years$1,546$1,067$719$476$310$41
34 years$1,484$1,011$672$438$280$34
35 years$1,425$959$628$403$254$29
36 years$1,371$910$588$371$230$24
37 years$1,319$864$550$342$209$20
38 years$1,270$822$515$315$189$17
39 years$1,224$781$483$290$171$14
40 years$1,180$743$452$268$155$12
41 years$1,138$708$424$247$141$10
42 years$1,099$674$398$228$128$8
43 years$1,061$642$373$211$116$7
44 years$1,025$612$350$194$105$6
45 years$991$584$329$180$96$5
46 years$959$557$309$166$87$4
47 years$928$531$290$153$79$4
48 years$898$507$273$142$72$3
49 years$870$484$256$131$65$3
50 years$843$463$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 $863,000, adding $3,014 every year, while hoping to spend $49,270 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: 72/11/17 Blend
52$863,000$863,000$863,000$863,000
53$954,135$908,396$895,019$1,018,856
54$999,034$900,484$872,580$1,054,319
55$1,046,861$890,534$847,737$1,086,894
56$1,097,863$878,393$820,359$1,121,294
57$1,152,311$863,899$790,306$1,157,691
58$1,210,500$846,883$757,434$1,196,274
59$1,272,754$827,164$721,592$1,237,255
60$1,339,431$804,551$682,621$1,280,865
61$1,410,919$778,840$640,355$1,327,362
62$1,487,647$749,818$594,621$1,377,031
63$1,570,085$717,257$545,239$1,430,186
64$1,658,749$680,918$492,020$1,487,177
65$1,754,205$640,547$434,766$1,548,388
66$1,857,075$595,874$373,272$1,614,246
67$1,968,042$546,617$307,321$1,685,223
68$2,087,855$492,475$236,690$1,761,840
69$2,217,341$433,130$161,144$1,844,674
70$2,357,405$368,249$80,437$1,934,362
71$2,509,043$297,476$0$2,031,609
72$2,673,350$220,437$0$2,138,226
73$2,851,531$136,737$0$2,269,681
74$3,044,909$45,959$0$2,412,369
75$3,254,941$0$0$2,567,395
76$3,483,230$0$0$2,742,310
77$3,731,537$0$0$2,938,652
78$4,001,801$0$0$3,152,394
79$4,296,156$0$0$3,385,229
80$4,616,949$0$0$3,639,019
81$4,966,765$0$0$3,915,813
82$5,348,447$0$0$4,217,867
83$5,765,126$0$0$4,547,663
84$6,220,246$0$0$4,907,936
85$6,717,602$0$0$5,301,693
86$7,261,369$0$0$5,732,247
87$7,856,145$0$0$6,203,246
88$8,506,993$0$0$6,718,706
89$9,219,488$0$0$7,283,048
90$9,999,768$0$0$7,901,144
91$10,854,592$0$0$8,578,354
92$11,791,407$0$0$9,320,586
93$12,818,410$0$0$10,134,343
94$13,944,633$0$0$11,026,790
95$15,180,021$0$0$12,005,816
96$16,535,529$0$0$13,080,114
97$18,023,224$0$0$14,259,256
98$19,656,398$0$0$15,553,787
99$21,449,692$0$0$16,975,323
100$23,419,234$0$0$18,536,660