Can I retire at age 53 with 865,000?

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 $865,000?

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$71,431$70,795$70,174$69,568$68,976$66,476
2 years$35,362$34,703$34,065$33,446$32,846$30,354
3 years$23,340$22,679$22,042$21,429$20,839$18,434
4 years$17,331$16,671$16,041$15,439$14,862$12,563
5 years$13,726$13,071$12,449$11,858$11,298$9,111
6 years$11,324$10,673$10,060$9,483$8,940$6,865
7 years$9,608$8,963$8,360$7,797$7,270$5,308
8 years$8,322$7,683$7,090$6,540$6,032$4,180
9 years$7,323$6,690$6,107$5,571$5,079$3,337
10 years$6,524$5,897$5,324$4,802$4,328$2,690
11 years$5,870$5,249$4,687$4,179$3,722$2,186
12 years$5,326$4,712$4,160$3,666$3,226$1,788
13 years$4,866$4,258$3,716$3,236$2,813$1,469
14 years$4,472$3,870$3,339$2,873$2,466$1,212
15 years$4,131$3,536$3,015$2,562$2,171$1,003
16 years$3,832$3,244$2,733$2,294$1,919$833
17 years$3,569$2,987$2,487$2,061$1,701$692
18 years$3,336$2,761$2,271$1,858$1,513$577
19 years$3,127$2,558$2,079$1,679$1,348$481
20 years$2,940$2,377$1,908$1,520$1,204$402
21 years$2,770$2,214$1,755$1,380$1,078$336
22 years$2,617$2,067$1,617$1,254$966$281
23 years$2,476$1,933$1,493$1,142$867$235
24 years$2,348$1,811$1,381$1,042$779$197
25 years$2,230$1,700$1,279$952$701$165
26 years$2,121$1,598$1,186$870$632$139
27 years$2,021$1,504$1,102$796$570$116
28 years$1,928$1,417$1,024$730$514$98
29 years$1,841$1,337$953$669$464$82
30 years$1,761$1,262$888$614$419$69
31 years$1,686$1,193$828$564$379$58
32 years$1,615$1,129$772$518$343$48
33 years$1,549$1,069$721$477$310$41
34 years$1,487$1,013$674$439$281$34
35 years$1,429$961$630$404$255$29
36 years$1,374$912$589$372$231$24
37 years$1,322$866$551$343$209$20
38 years$1,273$823$516$316$189$17
39 years$1,227$783$484$291$172$14
40 years$1,183$745$453$269$156$12
41 years$1,141$709$425$248$141$10
42 years$1,101$675$399$229$128$8
43 years$1,064$644$374$211$116$7
44 years$1,028$613$351$195$106$6
45 years$994$585$330$180$96$5
46 years$961$558$310$166$87$4
47 years$930$533$291$154$79$4
48 years$900$508$274$142$72$3
49 years$872$485$257$131$65$3
50 years$845$464$242$121$59$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $865,000, adding $2,732 every year, while hoping to spend $34,653 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: 52/27/21 Blend
52$865,000$865,000$865,000$865,000
53$956,048$910,203$896,796$1,000,080
54$1,016,694$917,932$889,968$1,038,450
55$1,082,365$924,879$881,750$1,076,351
56$1,153,537$930,968$872,058$1,116,844
57$1,230,732$936,120$860,807$1,160,187
58$1,314,526$940,250$847,903$1,206,667
59$1,405,552$943,267$833,253$1,256,600
60$1,504,507$945,075$816,755$1,310,337
61$1,612,157$945,574$798,306$1,368,264
62$1,729,343$944,653$777,796$1,430,810
63$1,856,994$942,199$755,110$1,498,450
64$1,996,131$938,090$730,129$1,571,707
65$2,147,875$932,195$702,728$1,651,162
66$2,313,463$924,378$672,774$1,737,456
67$2,494,257$914,493$640,133$1,831,297
68$2,691,753$902,385$604,659$1,933,470
69$2,907,602$887,892$566,205$2,044,840
70$3,143,617$870,838$524,612$2,166,364
71$3,401,798$851,041$479,719$2,299,102
72$3,684,346$828,307$431,354$2,444,221
73$3,993,684$802,429$379,339$2,603,014
74$4,332,480$773,189$323,488$2,776,909
75$4,703,675$740,356$263,606$2,967,481
76$5,110,504$703,688$199,491$3,176,472
77$5,556,531$662,925$130,930$3,405,807
78$6,045,683$617,794$57,702$3,657,609
79$6,582,284$568,007$0$3,934,224
80$7,171,096$513,258$0$4,242,825
81$7,817,365$453,226$0$4,595,787
82$8,526,871$387,568$0$4,983,380
83$9,305,979$315,926$0$5,409,151
84$10,161,701$237,918$0$5,877,010
85$11,101,761$153,143$0$6,391,268
86$12,134,670$61,177$0$6,956,682
87$13,269,803$0$0$7,578,496
88$14,517,487$0$0$8,273,913
89$15,889,101$0$0$9,058,479
90$17,397,180$0$0$9,921,201
91$19,055,537$0$0$10,869,991
92$20,879,387$0$0$11,913,568
93$22,885,495$0$0$13,061,537
94$25,092,334$0$0$14,324,481
95$27,520,255$0$0$15,714,062
96$30,191,681$0$0$17,243,128
97$33,131,320$0$0$18,925,834
98$36,366,395$0$0$20,777,780
99$39,926,901$0$0$22,816,152
100$43,845,890$0$0$25,059,887