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%12.7%
1 years$71,513$70,876$70,255$69,648$69,056$68,278
2 years$35,403$34,743$34,104$33,485$32,884$32,101
3 years$23,367$22,705$22,068$21,454$20,863$20,099
4 years$17,351$16,691$16,060$15,456$14,880$14,140
5 years$13,742$13,086$12,463$11,872$11,311$10,599
6 years$11,337$10,685$10,072$9,494$8,950$8,266
7 years$9,619$8,974$8,370$7,806$7,279$6,623
8 years$8,332$7,692$7,098$6,548$6,039$5,411
9 years$7,331$6,697$6,114$5,577$5,085$4,486
10 years$6,531$5,903$5,330$4,808$4,333$3,761
11 years$5,877$5,255$4,693$4,184$3,726$3,182
12 years$5,332$4,717$4,165$3,670$3,229$2,711
13 years$4,871$4,263$3,721$3,240$2,816$2,324
14 years$4,477$3,875$3,343$2,876$2,468$2,001
15 years$4,135$3,540$3,018$2,565$2,173$1,731
16 years$3,837$3,248$2,737$2,297$1,921$1,502
17 years$3,574$2,991$2,490$2,064$1,703$1,307
18 years$3,340$2,764$2,273$1,860$1,514$1,141
19 years$3,131$2,561$2,081$1,680$1,350$997
20 years$2,943$2,380$1,910$1,522$1,206$874
21 years$2,774$2,217$1,757$1,381$1,079$766
22 years$2,620$2,070$1,619$1,256$967$673
23 years$2,479$1,936$1,495$1,144$868$592
24 years$2,351$1,814$1,383$1,043$780$522
25 years$2,233$1,702$1,281$953$702$460
26 years$2,124$1,599$1,188$871$632$405
27 years$2,023$1,505$1,103$797$570$358
28 years$1,930$1,418$1,025$731$515$316
29 years$1,843$1,338$954$670$465$279
30 years$1,763$1,264$889$615$420$247
31 years$1,687$1,195$828$565$380$218
32 years$1,617$1,130$773$519$343$193
33 years$1,551$1,070$722$477$311$171
34 years$1,489$1,015$674$439$281$151
35 years$1,430$962$630$404$255$134
36 years$1,375$913$590$372$231$119
37 years$1,323$867$552$343$209$105
38 years$1,274$824$517$316$190$93
39 years$1,228$784$484$291$172$83
40 years$1,184$746$454$269$156$73
41 years$1,142$710$426$248$142$65
42 years$1,103$676$399$229$128$58
43 years$1,065$644$375$211$117$51
44 years$1,029$614$352$195$106$45
45 years$995$586$330$180$96$40
46 years$962$559$310$166$87$36
47 years$931$533$291$154$79$32
48 years$901$509$274$142$72$28
49 years$873$486$257$131$65$25
50 years$846$464$242$121$59$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $866,000, adding $3,757 every year, while hoping to spend $32,068 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: 53/30/17 Blend
52$866,000$866,000$866,000$866,000
53$958,207$912,309$898,886$1,004,396
54$1,021,824$922,892$894,879$1,047,007
55$1,090,856$932,919$889,662$1,089,644
56$1,165,819$942,329$883,163$1,135,330
57$1,247,286$951,056$875,302$1,184,361
58$1,335,882$959,031$865,997$1,237,070
59$1,432,299$966,180$855,165$1,293,820
60$1,537,295$972,424$842,715$1,355,015
61$1,651,706$977,680$828,552$1,421,100
62$1,776,451$981,858$812,580$1,492,567
63$1,912,544$984,863$794,696$1,569,959
64$2,061,096$986,595$774,792$1,653,876
65$2,223,336$986,945$752,755$1,744,982
66$2,400,612$985,802$728,468$1,844,007
67$2,594,411$983,042$701,808$1,951,761
68$2,806,369$978,539$672,647$2,069,136
69$3,038,287$972,157$640,849$2,197,119
70$3,292,150$963,750$606,275$2,336,797
71$3,570,141$953,166$568,777$2,489,373
72$3,874,667$940,242$528,203$2,656,174
73$4,208,376$924,807$484,390$2,838,665
74$4,574,185$906,677$437,173$3,038,463
75$4,975,309$885,662$386,375$3,257,353
76$5,415,286$861,554$331,814$3,497,307
77$5,898,014$834,139$273,298$3,760,500
78$6,427,787$803,188$210,630$4,049,331
79$7,009,335$768,457$143,599$4,366,451
80$7,647,866$729,691$71,989$4,714,785
81$8,349,121$686,618$0$5,097,558
82$9,119,420$638,952$0$5,519,135
83$9,965,729$586,388$0$5,996,629
84$10,895,719$528,607$0$6,521,348
85$11,917,843$465,269$0$7,098,121
86$13,041,413$396,017$0$7,732,275
87$14,276,687$320,472$0$8,429,682
88$15,634,968$238,234$0$9,196,816
89$17,128,709$148,881$0$10,040,819
90$18,771,629$51,968$0$10,969,562
91$20,578,844$0$0$11,991,726
92$22,567,009$0$0$13,134,369
93$24,754,475$0$0$14,410,528
94$27,161,459$0$0$15,814,852
95$29,810,239$0$0$17,360,353
96$32,725,362$0$0$19,061,366
97$35,933,874$0$0$20,933,684
98$39,465,575$0$0$22,994,713
99$43,353,303$0$0$25,263,630
100$47,633,239$0$0$27,761,564