Can I retire at age 53 with 866,000?

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 $866,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$71,513$70,876$70,255$69,648$69,056$66,926
2 years$35,403$34,743$34,104$33,485$32,884$30,756
3 years$23,367$22,705$22,068$21,454$20,863$18,805
4 years$17,351$16,691$16,060$15,456$14,880$12,907
5 years$13,742$13,086$12,463$11,872$11,311$9,429
6 years$11,337$10,685$10,072$9,494$8,950$7,160
7 years$9,619$8,974$8,370$7,806$7,279$5,581
8 years$8,332$7,692$7,098$6,548$6,039$4,431
9 years$7,331$6,697$6,114$5,577$5,085$3,567
10 years$6,531$5,903$5,330$4,808$4,333$2,902
11 years$5,877$5,255$4,693$4,184$3,726$2,380
12 years$5,332$4,717$4,165$3,670$3,229$1,964
13 years$4,871$4,263$3,721$3,240$2,816$1,630
14 years$4,477$3,875$3,343$2,876$2,468$1,358
15 years$4,135$3,540$3,018$2,565$2,173$1,135
16 years$3,837$3,248$2,737$2,297$1,921$951
17 years$3,574$2,991$2,490$2,064$1,703$799
18 years$3,340$2,764$2,273$1,860$1,514$673
19 years$3,131$2,561$2,081$1,680$1,350$567
20 years$2,943$2,380$1,910$1,522$1,206$479
21 years$2,774$2,217$1,757$1,381$1,079$405
22 years$2,620$2,070$1,619$1,256$967$342
23 years$2,479$1,936$1,495$1,144$868$290
24 years$2,351$1,814$1,383$1,043$780$246
25 years$2,233$1,702$1,281$953$702$208
26 years$2,124$1,599$1,188$871$632$177
27 years$2,023$1,505$1,103$797$570$150
28 years$1,930$1,418$1,025$731$515$127
29 years$1,843$1,338$954$670$465$108
30 years$1,763$1,264$889$615$420$92
31 years$1,687$1,195$828$565$380$78
32 years$1,617$1,130$773$519$343$66
33 years$1,551$1,070$722$477$311$56
34 years$1,489$1,015$674$439$281$48
35 years$1,430$962$630$404$255$41
36 years$1,375$913$590$372$231$34
37 years$1,323$867$552$343$209$29
38 years$1,274$824$517$316$190$25
39 years$1,228$784$484$291$172$21
40 years$1,184$746$454$269$156$18
41 years$1,142$710$426$248$142$15
42 years$1,103$676$399$229$128$13
43 years$1,065$644$375$211$117$11
44 years$1,029$614$352$195$106$9
45 years$995$586$330$180$96$8
46 years$962$559$310$166$87$7
47 years$931$533$291$154$79$6
48 years$901$509$274$142$72$5
49 years$873$486$257$131$65$4
50 years$846$464$242$121$59$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $866,000, adding $5,752 every year, while hoping to spend $40,632 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: 57/31/12 Blend
52$866,000$866,000$866,000$866,000
53$960,265$914,367$900,944$1,011,800
54$1,014,980$915,939$887,894$1,048,864
55$1,073,914$916,226$873,044$1,084,240
56$1,137,455$915,123$856,293$1,121,825
57$1,206,027$912,516$837,531$1,161,836
58$1,280,100$908,287$816,646$1,204,514
59$1,360,186$902,309$793,519$1,250,127
60$1,446,851$894,448$768,028$1,298,970
61$1,540,716$884,562$740,043$1,351,371
62$1,642,462$872,499$709,428$1,407,693
63$1,752,842$858,099$676,042$1,468,339
64$1,872,679$841,194$639,737$1,533,753
65$2,002,884$821,604$600,359$1,604,429
66$2,144,453$799,138$557,747$1,680,912
67$2,298,487$773,595$511,731$1,763,806
68$2,466,194$744,763$462,135$1,853,781
69$2,648,905$712,416$408,776$1,951,575
70$2,848,085$676,315$351,461$2,058,007
71$3,065,343$636,208$289,989$2,173,983
72$3,302,455$591,829$224,151$2,300,504
73$3,561,372$542,896$153,727$2,438,678
74$3,844,244$489,110$78,488$2,589,729
75$4,153,437$430,156$0$2,755,013
76$4,491,555$365,701$0$2,936,256
77$4,861,467$295,394$0$3,145,624
78$5,266,331$218,863$0$3,374,918
79$5,709,625$135,715$0$3,626,196
80$6,195,177$45,535$0$3,901,727
81$6,727,206$0$0$4,204,019
82$7,310,356$0$0$4,553,616
83$7,949,741$0$0$4,954,032
84$8,650,996$0$0$5,393,274
85$9,420,326$0$0$5,875,237
86$10,264,566$0$0$6,404,213
87$11,191,245$0$0$6,984,931
88$12,208,655$0$0$7,622,598
89$13,325,932$0$0$8,322,951
90$14,553,139$0$0$9,092,309
91$15,901,362$0$0$9,937,635
92$17,382,814$0$0$10,866,599
93$19,010,948$0$0$11,887,650
94$20,800,587$0$0$13,010,096
95$22,768,061$0$0$14,244,194
96$24,931,360$0$0$15,601,243
97$27,310,306$0$0$17,093,691
98$29,926,737$0$0$18,735,254
99$32,804,713$0$0$20,541,044
100$35,970,744$0$0$22,527,710