Can I retire at age 53 with 864,000?

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 $864,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$71,348$70,713$70,093$69,488$68,897$68,577
2 years$35,321$34,663$34,026$33,407$32,808$32,486
3 years$23,313$22,653$22,017$21,404$20,815$20,500
4 years$17,311$16,652$16,023$15,421$14,845$14,539
5 years$13,710$13,055$12,434$11,845$11,285$10,990
6 years$11,311$10,661$10,049$9,472$8,930$8,645
7 years$9,597$8,953$8,350$7,788$7,262$6,988
8 years$8,313$7,674$7,082$6,533$6,025$5,762
9 years$7,314$6,682$6,100$5,565$5,074$4,821
10 years$6,516$5,890$5,318$4,797$4,323$4,081
11 years$5,863$5,243$4,682$4,175$3,718$3,487
12 years$5,320$4,706$4,155$3,662$3,222$3,001
13 years$4,860$4,253$3,712$3,233$2,810$2,599
14 years$4,467$3,866$3,335$2,870$2,463$2,262
15 years$4,126$3,531$3,011$2,559$2,168$1,977
16 years$3,828$3,240$2,730$2,291$1,916$1,735
17 years$3,565$2,984$2,484$2,059$1,699$1,527
18 years$3,332$2,757$2,268$1,855$1,511$1,347
19 years$3,124$2,555$2,076$1,677$1,347$1,191
20 years$2,936$2,375$1,905$1,518$1,203$1,056
21 years$2,767$2,212$1,753$1,378$1,076$937
22 years$2,614$2,065$1,615$1,253$965$834
23 years$2,474$1,931$1,491$1,141$866$742
24 years$2,345$1,809$1,379$1,041$779$662
25 years$2,228$1,698$1,278$951$701$590
26 years$2,119$1,596$1,185$869$631$527
27 years$2,019$1,502$1,100$795$569$471
28 years$1,926$1,415$1,023$729$513$422
29 years$1,839$1,335$952$668$464$377
30 years$1,759$1,261$887$613$419$338
31 years$1,684$1,192$827$563$379$303
32 years$1,613$1,128$771$518$343$272
33 years$1,547$1,068$720$476$310$244
34 years$1,485$1,012$673$438$281$219
35 years$1,427$960$629$403$254$196
36 years$1,372$911$588$371$230$176
37 years$1,320$865$551$342$209$158
38 years$1,271$823$516$315$189$142
39 years$1,225$782$483$291$172$128
40 years$1,181$744$453$268$156$115
41 years$1,140$708$425$247$141$103
42 years$1,100$675$398$228$128$93
43 years$1,062$643$374$211$116$83
44 years$1,027$613$351$195$106$75
45 years$992$584$329$180$96$67
46 years$960$557$309$166$87$61
47 years$929$532$291$153$79$54
48 years$899$508$273$142$72$49
49 years$871$485$257$131$65$44
50 years$844$463$241$121$59$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $864,000, adding $2,138 every year, while hoping to spend $48,726 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: 72/15/13 Blend
52$864,000$864,000$864,000$864,000
53$954,333$908,541$895,149$1,020,245
54$999,831$901,216$873,293$1,056,858
55$1,048,337$891,898$849,071$1,090,763
56$1,100,106$880,439$822,353$1,126,589
57$1,155,417$866,682$793,003$1,164,515
58$1,214,578$850,458$760,877$1,204,739
59$1,277,924$831,590$725,826$1,247,480
60$1,345,825$809,890$687,693$1,292,980
61$1,418,685$785,160$646,316$1,341,507
62$1,496,947$757,189$601,524$1,393,357
63$1,581,099$725,755$553,139$1,448,857
64$1,671,676$690,622$500,974$1,508,372
65$1,769,264$651,540$444,834$1,572,300
66$1,874,510$608,246$384,516$1,641,085
67$1,988,121$560,461$319,809$1,715,218
68$2,110,877$507,891$250,490$1,795,240
69$2,243,632$450,223$176,327$1,881,750
70$2,387,328$387,130$97,080$1,975,410
71$2,542,999$318,262$12,495$2,076,953
72$2,711,781$243,254$0$2,187,188
73$2,894,926$161,716$0$2,317,797
74$3,093,806$73,238$0$2,461,530
75$3,309,936$0$0$2,617,785
76$3,544,980$0$0$2,791,542
77$3,800,766$0$0$2,993,825
78$4,079,310$0$0$3,214,145
79$4,382,828$0$0$3,454,258
80$4,713,758$0$0$3,716,099
81$5,074,786$0$0$4,001,797
82$5,468,865$0$0$4,313,696
83$5,899,249$0$0$4,654,376
84$6,369,518$0$0$5,026,677
85$6,883,613$0$0$5,433,726
86$7,445,875$0$0$5,878,964
87$8,061,082$0$0$6,366,184
88$8,734,495$0$0$6,899,558
89$9,471,908$0$0$7,483,683
90$10,279,703$0$0$8,123,621
91$11,164,904$0$0$8,824,945
92$12,135,252$0$0$9,593,794
93$13,199,268$0$0$10,436,931
94$14,366,339$0$0$11,361,801
95$15,646,805$0$0$12,376,608
96$17,052,055$0$0$13,490,386
97$18,594,632$0$0$14,713,088
98$20,288,355$0$0$16,055,675
99$22,148,445$0$0$17,530,225
100$24,191,671$0$0$19,150,040