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%18.1%
1 years$71,513$70,876$70,255$69,648$69,056$66,792
2 years$35,403$34,743$34,104$33,485$32,884$30,625
3 years$23,367$22,705$22,068$21,454$20,863$18,679
4 years$17,351$16,691$16,060$15,456$14,880$12,788
5 years$13,742$13,086$12,463$11,872$11,311$9,318
6 years$11,337$10,685$10,072$9,494$8,950$7,056
7 years$9,619$8,974$8,370$7,806$7,279$5,484
8 years$8,332$7,692$7,098$6,548$6,039$4,342
9 years$7,331$6,697$6,114$5,577$5,085$3,485
10 years$6,531$5,903$5,330$4,808$4,333$2,826
11 years$5,877$5,255$4,693$4,184$3,726$2,310
12 years$5,332$4,717$4,165$3,670$3,229$1,900
13 years$4,871$4,263$3,721$3,240$2,816$1,571
14 years$4,477$3,875$3,343$2,876$2,468$1,304
15 years$4,135$3,540$3,018$2,565$2,173$1,087
16 years$3,837$3,248$2,737$2,297$1,921$907
17 years$3,574$2,991$2,490$2,064$1,703$760
18 years$3,340$2,764$2,273$1,860$1,514$637
19 years$3,131$2,561$2,081$1,680$1,350$535
20 years$2,943$2,380$1,910$1,522$1,206$450
21 years$2,774$2,217$1,757$1,381$1,079$379
22 years$2,620$2,070$1,619$1,256$967$319
23 years$2,479$1,936$1,495$1,144$868$269
24 years$2,351$1,814$1,383$1,043$780$227
25 years$2,233$1,702$1,281$953$702$192
26 years$2,124$1,599$1,188$871$632$162
27 years$2,023$1,505$1,103$797$570$137
28 years$1,930$1,418$1,025$731$515$116
29 years$1,843$1,338$954$670$465$98
30 years$1,763$1,264$889$615$420$83
31 years$1,687$1,195$828$565$380$70
32 years$1,617$1,130$773$519$343$59
33 years$1,551$1,070$722$477$311$50
34 years$1,489$1,015$674$439$281$42
35 years$1,430$962$630$404$255$36
36 years$1,375$913$590$372$231$30
37 years$1,323$867$552$343$209$26
38 years$1,274$824$517$316$190$22
39 years$1,228$784$484$291$172$18
40 years$1,184$746$454$269$156$16
41 years$1,142$710$426$248$142$13
42 years$1,103$676$399$229$128$11
43 years$1,065$644$375$211$117$9
44 years$1,029$614$352$195$106$8
45 years$995$586$330$180$96$7
46 years$962$559$310$166$87$6
47 years$931$533$291$154$79$5
48 years$901$509$274$142$72$4
49 years$873$486$257$131$65$3
50 years$846$464$242$121$59$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $866,000, adding $3,954 every year, while hoping to spend $43,108 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: 55/17/28 Blend
52$866,000$866,000$866,000$866,000
53$958,411$912,513$899,090$1,003,498
54$1,010,302$911,359$883,342$1,033,874
55$1,066,041$908,704$865,623$1,062,163
56$1,125,976$904,429$845,820$1,092,106
57$1,190,486$898,407$823,816$1,123,878
58$1,259,991$890,505$799,489$1,157,673
59$1,334,950$880,579$772,712$1,193,708
60$1,415,868$868,480$743,350$1,232,222
61$1,503,299$854,048$711,265$1,273,484
62$1,597,852$837,113$676,309$1,317,790
63$1,700,199$817,498$638,331$1,365,471
64$1,811,075$795,010$597,171$1,416,892
65$1,931,290$769,451$552,661$1,472,462
66$2,061,734$740,608$504,629$1,532,631
67$2,203,388$708,255$452,891$1,597,901
68$2,357,329$672,154$397,257$1,668,827
69$2,524,741$632,054$337,530$1,746,025
70$2,706,928$587,688$273,501$1,830,178
71$2,905,325$538,775$204,954$1,922,043
72$3,121,511$485,018$131,663$2,022,458
73$3,357,223$426,102$53,391$2,132,353
74$3,614,373$361,694$0$2,252,755
75$3,895,066$291,444$0$2,393,808
76$4,201,618$214,981$0$2,565,377
77$4,536,581$131,912$0$2,752,968
78$4,902,761$41,824$0$2,958,208
79$5,303,250$0$0$3,182,894
80$5,741,451$0$0$3,439,428
81$6,221,114$0$0$3,728,877
82$6,746,364$0$0$4,045,916
83$7,321,746$0$0$4,393,299
84$7,952,266$0$0$4,774,058
85$8,643,435$0$0$5,191,533
86$9,401,325$0$0$5,649,402
87$10,232,622$0$0$6,151,715
88$11,144,691$0$0$6,702,937
89$12,145,643$0$0$7,307,980
90$13,244,414$0$0$7,972,260
91$14,450,848$0$0$8,701,742
92$15,775,786$0$0$9,502,994
93$17,231,173$0$0$10,383,254
94$18,830,166$0$0$11,350,497
95$20,587,261$0$0$12,413,504
96$22,518,428$0$0$13,581,954
97$24,641,257$0$0$14,866,508
98$26,975,133$0$0$16,278,911
99$29,541,409$0$0$17,832,103
100$32,363,612$0$0$19,540,342