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%14.3%
1 years$71,348$70,713$70,093$69,488$68,897$67,672
2 years$35,321$34,663$34,026$33,407$32,808$31,578
3 years$23,313$22,653$22,017$21,404$20,815$19,618
4 years$17,311$16,652$16,023$15,421$14,845$13,691
5 years$13,710$13,055$12,434$11,845$11,285$10,177
6 years$11,311$10,661$10,049$9,472$8,930$7,868
7 years$9,597$8,953$8,350$7,788$7,262$6,248
8 years$8,313$7,674$7,082$6,533$6,025$5,058
9 years$7,314$6,682$6,100$5,565$5,074$4,154
10 years$6,516$5,890$5,318$4,797$4,323$3,449
11 years$5,863$5,243$4,682$4,175$3,718$2,889
12 years$5,320$4,706$4,155$3,662$3,222$2,436
13 years$4,860$4,253$3,712$3,233$2,810$2,066
14 years$4,467$3,866$3,335$2,870$2,463$1,761
15 years$4,126$3,531$3,011$2,559$2,168$1,506
16 years$3,828$3,240$2,730$2,291$1,916$1,293
17 years$3,565$2,984$2,484$2,059$1,699$1,112
18 years$3,332$2,757$2,268$1,855$1,511$959
19 years$3,124$2,555$2,076$1,677$1,347$829
20 years$2,936$2,375$1,905$1,518$1,203$718
21 years$2,767$2,212$1,753$1,378$1,076$622
22 years$2,614$2,065$1,615$1,253$965$540
23 years$2,474$1,931$1,491$1,141$866$469
24 years$2,345$1,809$1,379$1,041$779$408
25 years$2,228$1,698$1,278$951$701$355
26 years$2,119$1,596$1,185$869$631$309
27 years$2,019$1,502$1,100$795$569$269
28 years$1,926$1,415$1,023$729$513$235
29 years$1,839$1,335$952$668$464$205
30 years$1,759$1,261$887$613$419$179
31 years$1,684$1,192$827$563$379$156
32 years$1,613$1,128$771$518$343$136
33 years$1,547$1,068$720$476$310$119
34 years$1,485$1,012$673$438$281$104
35 years$1,427$960$629$403$254$91
36 years$1,372$911$588$371$230$79
37 years$1,320$865$551$342$209$69
38 years$1,271$823$516$315$189$61
39 years$1,225$782$483$291$172$53
40 years$1,181$744$453$268$156$46
41 years$1,140$708$425$247$141$41
42 years$1,100$675$398$228$128$35
43 years$1,062$643$374$211$116$31
44 years$1,027$613$351$195$106$27
45 years$992$584$329$180$96$24
46 years$960$557$309$166$87$21
47 years$929$532$291$153$79$18
48 years$899$508$273$142$72$16
49 years$871$485$257$131$65$14
50 years$844$463$241$121$59$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $864,000, adding $5,687 every year, while hoping to spend $44,464 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: 78/9/13 Blend
52$864,000$864,000$864,000$864,000
53$957,994$912,202$898,810$1,029,816
54$1,008,400$909,591$881,611$1,075,282
55$1,062,457$905,361$862,345$1,118,892
56$1,120,491$899,387$840,897$1,165,465
57$1,182,859$891,535$817,145$1,215,282
58$1,249,953$881,662$790,961$1,268,647
59$1,322,203$869,618$762,213$1,325,900
60$1,400,082$855,244$730,762$1,387,413
61$1,484,110$838,371$696,462$1,453,598
62$1,574,858$818,819$659,162$1,524,907
63$1,672,952$796,400$618,702$1,601,840
64$1,779,081$770,911$574,917$1,684,949
65$1,894,003$742,142$527,633$1,774,843
66$2,018,551$709,867$476,668$1,872,190
67$2,153,641$673,848$421,835$1,977,731
68$2,300,280$633,834$362,933$2,092,282
69$2,459,576$589,559$299,759$2,216,741
70$2,632,746$540,741$232,095$2,352,101
71$2,821,133$487,084$159,716$2,499,457
72$3,026,210$428,273$82,388$2,660,014
73$3,249,600$363,975$0$2,835,104
74$3,493,090$293,840$0$3,026,213
75$3,758,645$217,498$0$3,247,138
76$4,048,428$134,557$0$3,488,262
77$4,364,820$44,603$0$3,751,592
78$4,710,443$0$0$4,039,340
79$5,088,183$0$0$4,359,172
80$5,501,217$0$0$4,713,745
81$5,953,042$0$0$5,101,647
82$6,447,510$0$0$5,526,188
83$6,988,863$0$0$5,991,015
84$7,581,770$0$0$6,500,140
85$8,231,376$0$0$7,057,984
86$8,943,343$0$0$7,669,415
87$9,723,911$0$0$8,339,796
88$10,579,950$0$0$9,075,030
89$11,519,026$0$0$9,881,622
90$12,549,477$0$0$10,766,736
91$13,680,481$0$0$11,738,263
92$14,922,153$0$0$12,804,895
93$16,285,634$0$0$13,976,208
94$17,783,193$0$0$15,262,749
95$19,428,352$0$0$16,676,138
96$21,236,001$0$0$18,229,175
97$23,222,549$0$0$19,935,962
98$25,406,069$0$0$21,812,034
99$27,806,476$0$0$23,874,508
100$30,445,706$0$0$26,142,241